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Now 5:40 am=Surprising how little gold stocks are down–but it’s early-we’ll see at 9:30 am
GLD=131.04=down 77 cents on 23K volume
JNUG=11.08- down 28 cent on 8100 vol–that looks about right
CDE=4.05 down just 4 cents on 416 vol….but still…someone paid up an almost unchanged price with silver down 23 cent
GDXJ=$34–down 24 cent–not bad at all
MUX=1.72= down 2 cent
Maddog-O, well, that was fun. while it lasted…a pullback, fine…but. I don’t like the silver action-it looks all too familiar
Now we’ll see if all the bullish bravado was warranted…this is from 10:36 last night.
Option granters
the largest combined GLD strike is 129.00, with 18.5 K calls and 3 K puts…129.00 is roughly 20 bucks down…..from last nights 1390 close.
10 bucks down there are 10.5 K calls at 130.00.
Had we stayed near the O/N highs another 22 K in calls would have been in the money….
If the buyers were to take the scum granters on, here…there would be boat loads of buying from the granters to cover, what they shorted this AM alone…..plus all the option cover….
scum have woken up to
put a lid on $ 1400.00…..with the SM down and the Dollar as well, a full on panic alert must be going out…all Hamptons leave cancelled, ……this makes the scum particularly annoyed, as they all suspect why the trophy wife is so slow to answer the phone, ‘interviewing’ pool boys can be back breaking work !!!!!!!
Ballinger tonight
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About friggin’ time, Fred.
Michael Ballanger added,
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The Vampire Squid (GS:US) struggling despite a global melt-up underway…
Looks like we’re on the move again a little tonight
Gold up $6.20
Keep it going boys, let’s see if we can at least see $1400 before pulling back…
IAMGOLD stock sees biggest jump in 4 years on rumors of Chinese bid
Shares of IAMGOLD Corp. (TSX: IMG) surged over 9% on Thursday — its biggest jump in four years — amid whispers of a possible bid from China. The nation’s second-biggest gold mining company, China National Gold Group Corp., is said to be considering a bid for a stake in IAMGOLD, according to BNN Bloomberg’s latest report.
So far the report only says the state-owned gold miner is in discussions with financial advisers regarding a potential offer. China National Gold has not responded to the bid rumors.
IAMGOLD stock sees biggest jump in 4 years on rumors of Chinese bid
This justifies the. FEDs’ dovishness
U.S. economic news:
Philly Fed manufacturing index weakens to just above zero in June
June 20, 2019 8:42 a.m. ET
Index falls to 0.3 in June from 16.6 in prior month.
MarketWatch
The numbers: The Philadelphia Fed manufacturing index in June fell to just 0.3 after registering a four-month high of 16.6 in the prior month.
Maya @ 18:47
A squillion is a lot more than that. With what you’ve got there you could move to Zimbabwe and become a mogul …. errr I mean hobo. 🙂
R6
I’ll believe I can see gold rise like lumber did when I actually see it.
Until then, the scum is omnipresent, and their rig still owns the market. Sad to say. Hope I’m wrong.
Still waiting for the beat down shoe to drop.
ipso facto @ 16:12 – How much is a Squillion?
I’m only a 100-Trillionaire. 🙁
Got this off a gold site just now
Speaking of uprisings lumber futures, and the cash lumber market have gained 34% in a single week. You have to let that sink in for a moment. It’s the largest single weekly gain in the history of lumber, and certainly one of the biggest weekly gains in ANY commodity, ever. To get a perspective of the enormity of the move you have to imagine gold rising from $1350 to $1810 in a week. A comparable silver move would be from $14.96 to $20.05. Anybody who thinks it CAN’T happen in the metals is wrong, and lumber just proved it. Lumber didn’t rise 34% in a week due to demand. In fact demand is tepid at best. The single factor triggering the rise in lumber was the constriction of available physical supply. With the multi-decade gold and silver suppression scheme in its late stages gold and silver could easily attain their meteoric lumber moment.
Richard640
I got the 5 calls on April 30 for .14 (Cdn) which is just over 10 cents US. Not complaining. It is a great flyer to take. When you get options way out of the money that far out in time, they should be cheap, and they were. If we have any inkling of a future move up in that time frame – good gamble. I was happy you put that out there cuz I see the merit in it right away. I think we make a killing on those Sept $5 calls.
Happy Hour
Hey All
i have contributed to every single fundraise
count me in for a C – Note
Winedoc