Loading ...Yesterday and especially today the FILTH have been selling every step higher but buyers come in and gold makes a new high…hopefully that pattern continues tomorrow…ya don’t get those $50 buck moves unless new big buck buyers are coming in–especially to a sector that has been so comatose…cajones crossed! G’nite gang…u night owls hold the fort while I get my beauty rest…the PPT will try to throw every trick. in their playbook at gold tomorrow…
Gold made a $50 move from 1347 before the FED-to 1397 just an hr. ago–last is 1382, $15 off the high
And the jaws of death keep yawning wider…[LOL]—Something’s gotta give (reminder, Friday is quad witch)!
The Dollar is extending its losses…
And the jaws of death keep yawning wider…
Something’s gotta give (reminder, Friday is quad witch)!
https://www.zerohedge.com/news/2019-06-19/10y-treasury-yield-plunges-below-200-first-time-nov-2016
9:20-PM—I just checked-gold hit a high of 1397.70 up $48—last is. 1387.20—up $38
[since i started writing this, an attack has. started-1382 on gold–$15 off the high]
G*d only knows if this will last…but like identifying the True Messiah…this one has all the signs and. attributes that tell me this is the real-deal–it’s all come together…I will give it the benefit of the doubt–Paul Tudor said if gold crossed $1400 it would go to $1700 quickly…there is a gigantic amount of kinetic energy stored in the PM sector, if it gets released a panic to get in could develop–forget the little crappers, like us…if the “big Boy” traders and money managers [who have zero exposure] decide to get in…well…then it’s game on!
Before the FED gold was down $2
when stocks closed at 4 pm, hold was up $5.20
within about 20, minutes gold surged to up $15.50
9:20-PM—I just checked-gold hit a high of 1397.70 up $48—last is. 1387.20—up $38
When a level like 1350 is tested 3-4-5 times, then blown thru, it can get pretty impulsive—it looks like it just blasted thru 1370
without a pause…O, yeah, huge volume for nite trading=over 70,000
nice!
a nice day to come home to!
Finally a new Int. high
I think the last one was $1377 from July 2016! A bull market has to give us higher Int. highs and $Gold has failed that for the last 3 years…now it looks we have it. Just need to see it print that on a closing basis tomorrow. What has been bugging me are the gaps…not the daily gaps but, the weekly gaps in HUI, GDX, GLD, etc. I thought that they would have closed by now. We are well overbought so it’s risky to chase price in here right now, IMHO.
Alex, BG, Maddog
The thousand dollar shoe boys will need to be chopping up some extra lines to fuel their game playing tonight.
Do we hear $50? 🙂
Solid
8 Reasons A Huge Gold-Mania Is About To Begin
https://www.zerohedge.com/news/2019-06-19/8-reasons-huge-gold-mania-about-begin
BuyGold & IPSO
It will be an uneasy night in the Hampton mansions … and I’ll bet the underlings will be getting midnight calls to get their A$$es back to the office to do whatever they have to in order to contain this by morning.
Wow
It’s taken out the all the tops of the base….this will trigger all the TA people and everyone waiting to go long.
Wow Alex
Now up $23.20?
What the hell? I’ll take it…
Alex Valdor
There’s no fever like gold fever!
EFF the shorts!
Well shux
Gold popping tonight up $13.60 on Kitco up towards $1375
Not what I expected that’s for sure.
We’ll see what happens in the morning
A few minutes ago the bid was 1372
But a few seconds later pulled back to under 1371 .
Now 9 EDT , 1375.20
9:05 1385 bid
Maddog
There’s $1364. 🙂
We seem to have quite a bit of momentum against the headwind. It’s great to see!
so now we have to fight to take out $ 1360…
Meanwhile the SM marches on…
Very good
President Trump favors returning to the gold standard and is stacking the Fed with pro-gold people.
Any true Gold Bugs hair will stand on end when they see how short the Fed is !!!!!
Pitch man, Doug Casey, gives gold the hard sell..who knows? Maybe he’s right, finally-it’s music to my ears.
Putting It All Together…
When you take a step back and look at the big picture, the implications for gold are clear:
-
Basel III moves gold toward officially being money again.
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Central banks are buying record amounts of gold.
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Excessive U.S. sanctions have pushed countries to use gold.
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China’s “Golden Alternative” allows for large-scale, oil-for-gold trades.
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The Fed’s dramatic reversal and the return of easy money bode well for gold’s strength against the dollar.
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The takeover frenzy in the gold mining industry is bullish for the price of gold.
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President Trump favors returning to the gold standard and is stacking the Fed with pro-gold people.
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The Democrats’ embrace of socialism guarantees more currency debasement.
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Gold-backed cryptos make owning and using gold easier than ever.
Any one of these catalysts alone would be great news for gold.
But the fact they are all converging at the same time means an epic gold bull market is on the menu for 2019. And the time to get positioned is now…
https://www.zerohedge.com/news/2019-06-19/8-reasons-huge-gold-mania-about-begin
Maddog @ 15:45 on June 19, 2019
XI may be in for “LIFE ” , depends how you define “LIFE” ..in a communist State it may mean his LIFE ,which may be cut short real fast if communist party is not happy…..He performs or he’s dead.So if Trump likes the guy ,he needs to keep him alive and help him stay alive….Give him enough slack to survive…Our type of election can be brutal ,but theirs is DEADLY !
Oro…got my fingers crossed…the PPT will be brainstorming tonight…
I can’t wait to see the Asian and euro action overnight…
It looks like the FILTH is selling PM stocks off their highs in extended hours trade…but thos emkts are screwy so one can’t positively conclude much…
Methinks Stocks go up from here along with GOLD
because plenty of cash coming in,consumers spending,fed not raising rates,because the public will crucify them..More inflation will be tolerated until its not and nobodys gonna stop inflation thats running for office ! so enjoy the ride to nirvana for at least two more years !
I missed this one=The FED is late to the party=The market has already eased…TODAY!
The 10 year t-note is up a huge 55/64s…upward pressure on gold’s becoming irresistable…or so the theory goes…and the $ index down .571 doesn’t hurt either.
Well, ororeef, my steadfastly bullish friend-[and my good buddies Deputy & Maddog]…gold up 15.10 as of 4:18
YA KNOW….
Yup, those high RSI/too many bulls, overbought/oversold games gets suspended on rare occasion….maybe this is one of them…maybe!
Holy F-!! up 14.60….hey, Florence, [my 250 lb. wife], look up the number of that Lambhorgini dealer, wouldja?
No one must be on the night desk of the PPT…they got a stat emergency on their hands..whoops! gold up 12.90…gotta get this under control..!