Loading ...In Absurd Fiasco, Entire Market Spike Was Due To A CNBC Grammatical Mistake
Looks like it will be up to the shares today
to tell us just how ugly this downdraft in the metals is going to get.
JMHO
Hi Portugeezer
Thank you. I didn’t know that. I’ve never seen a Bitcoin ATM Machine, but did read that there are 5000 of them around the world.
I do agree with Capt. Hook’s assessment of Bitcoin, it’s another globalist tool to keep the sheep from hoarding real money. Hopefully those in East don’t play.
Bitcoin
I ask again…..
Who the hell can afford it?
Are they going to do a 100 or 1000-1 split to get the little guy involved before sucking them dry?
Bitcoin Explodes 20% Overnight, Rises Just Shy Of $13,000 And Everyone Wants To Know Why
I guess no-one paid attention to Charles Ponzi, or Bernie Maddof….talking of Bernie…imagine how annoyed he must be watching Bitcoin go ape….
This makes sense of the o/n moves
Global Stocks, Futures Surge After Mnuchin Says US-China Trade Deal “90% Complete”
Capt Hook–that’s a good exposition-with the forces aligned against gold it’s
amazing that it had the rally it did….the $ has come .90 off its high and is up only .87
8:23-I dunno what just happened or who said what, but gold was down 10.20–I turned my head
for 1.5 minutes and now it’s down 4.50…
Richard640
Yes sad but true.
Because bitcon has numerous nefarious uses, not the least of which is it’s an excellent distraction against PM’s, it’s got official status quo backing, in a perfect world for our masters, warming up all the idiots for knock off centralized crap like the F***book coin.
Of course the larger understanding is rising gold will put the binders on money printing (as higher rates would be signaled), so it will be shit on all day. This is why they will not allow silver to rally at all, to signal gold is going nowhere. Because you must remember all the bureaucracies (FBI, CIA, NSA, IRS, et al) depend on the money printing to pay their wages and maintain their power. So again, the cleverest games imaginable are being played to keep PM’s contained. (because of the positive fundamentals)
So the test will be the monthly closes. If they can close gold back below $1400 by Friday the entire rally could be retraced. And since you can only count 3 waves up in this rally clearly, this is signaled in several dimensions.
PM’s will win in time, as they speak for God, however in the meantime caution is still warranted believe it or not.
If you want to make money in the short term, play bitcon because it’s in wave 5 up and it should be a dusey.
After that own physical PM’s for the doom we face as Madmax takes hold.
Cheers
I guess the only surprise here
is that silver isn’t really getting crushed – no clue why.
Of the plethora of commentary we’ve read over the last couple weeks there was one guy that said we needed to hold $1385
Looks like that’s where we’re going – at least.
USD not in huge rally mode. Neither really is the SM. Ten yr. back up to 2.02% but nothing crazy.
Morning R640
As I said in my last post….This is scum lead, it ain’t just profit taking…. That said all the reasons to buy at 1430, are still even more valid at 1405….
scum useing the old faithful Dollar/Yen
Dollar/Yen bid all night, which has lifted the SM by over 15 full S&P points, while of course keeping AU near it o/n low and no serious bounce allowed…..meanwhile Bitcoin is only up 6.5 % plus
Maddog
silver is down only a penny now-5:25am–I think it was down only 4 or 5 cents at the worst overnight-that’s a good sign considering gold was hit for $20 and double bottomed at 1407 …it looks like gold will be in the red all day…every time it lifts its head it gets smacked-when I first checked at 5 am I was happy to see it down only 4.20…that lasted about 2 minutes and suddenly it was down 7.80
I wanna say that gold just has to work off it’s overbought condition…but with gold one never knows if that’s the case or if we’ll be back to square one by the end of the week…
As Capt Hook says…BitCoin sure as sh*t isn’t pausing to work off a damm thing except the many doubters who thought it was going to zero…let’s hope gold isn’t pausing-by going down to below 1350- to work off the many bugs who were calling for 1700…2000 etc….gold has had tremendous intra-day volatility…lets see if it just goes–as it does so often after a string of up days–back into coma mode…
Capt Hook…Didn’t I say Bitcoin?? Sorry, that’s what I. was talking about…my mistake…
Posted by the Great Michael Ballinger
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7 hours ago
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A generational perspective on gold versus silver…
