How is President Trump doing? With a one being worst and a ten the best.
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Loading ...Re China
U can pretty much tie the China slowdown, to when Xi announced he was staying on for life, that has knocked the stuffing out of the Chinese economy…in that why bother if the Party can just come and take it etc. It didn’t happen over night, of course, but if true will only get worse.
China may not come back for the foreseeable future, but they may well buy PM’s, as they are encouraged and it will be one of the few ways to protect themselves.
Absolutely insane! The Federal gov better not bail them out when they go TU!
may have been HongKong moving money out ! Even Chinese in China afraid of Government crackdown on dissidents in Taiwan and HongKong sending them to Mainland for trial in violation of British agreements giving it back to China.China making a POWER move Political Power resulting in a Financial disaster causing the rich to flee.To china Political Power is more important ,,,same ole Communists.They will go bankrupt before giving up political Power..SOUNDS like Democrats ! Dont it ?
WE may never see prices this low for PMs again in our lifetimes…this drop is just loading the slingshot!
Still, not everyone was rushing to buy stocks just inches away from all time highs: “We remain a bit skeptical about the rally since last week, which is again due to expectations for easier monetary policy and easing trade tensions,” said Goldman strategist Christian Mueller-Glissmann. “Equity valuations remain high and global growth is still weak, which suggests draw-down risk remains elevated. As a result, we are reluctant to buy the dip.”
[Buygold=It’s a yolk, son, just a yolk…I ain’t buying and I ain’t doing diddly-squat…silver’s down 33 cent but my CDE is just down 2 cent…but it’s still early–looks like a no-bounce day today with G&S ending on their lows]
[P.S.–the way G&S are falling, they may fill all gaps and reset the RSIs into the 30s/40s all in one day…]
Yes, the rule always holds. Upside gaps must be filled. Downside gaps – not so much.
Forgive my complete lack of confidence….
We were/are short term O/B, there are Weekly gaps to fill in the shares below, they are rarely left behind and Daily ones, which are tempting….so far it may just be that…the positive is that we will have weekly gaps on the upside to chase…if we open here or worse .
Once Rubino came out it was curtains. Another epic fail for a breakout on the charts.
Memo to self….Rule No 1….anything that threatens the SM is not allowed…
WOW, and so many more I don.t now what to exactly what to say. WOW, WOW, Yup. Just beautiful pictures and stories shine thru the character of blessing that MAYA puts upon us. It is beautiful and it is ours to have …Thank You MAYA! …
If gold would come way back by morning…that would be a very bullish set up
I love your analysis..very clever…I hope u r right…but NOTHING seems to ever work for gold…wall st is pricing in 2 or 3 rate cuts–CBs around the world are printing round the clock…and. here we are tonight with GS in the crapper…
Putin wont like holding Chinese currency for his oil if it loses its value every day..Hes gonna want GOLD !….TA DA !Thats where we come in ! Short YUAN,Short HK DOLLARS ..They wont buy US $ for political reasons ,but GOLD is international and Crypto is not here yet as a store of value..
14.80 and 14.60 are support areas.
rno
to short the Hell outta the Chinese currency and make it very expensive for them to buy anything including OIL ..thats why they are getting close to Putin…Buying FOOD will get very expensive for them..Putin wont like holding Chinese currency for his oil if it loses its value every day..Hes gonna want GOLD !….TA DA !Thats where we come in ! Short YUAN,Short HK DOLLARS ..They wont buy US $ for political reasons ,but GOLD is international and Crypto is not here yet as a store of value..
……or maybe all but ONE!! Hang in there my friend. ;o)
The British were responsible for educating and giving good Government to many places ..India,Hong Kong,Taiwan…They were the best at Government and bringing people into the modern era ….
I dont know how it ends,but they cant put the genii back in the bottle ….Russia couldent ,Cuba ,venezuela .How you gonna keep them done on the farm,once they been to the city…
Money will leave first ..the rest will follow.Only the poor will be left to share the Poverty.
Thats what communism is sharing the Poverty ….somehow it comforts people to know their not alone ! I wouldent be the last to leave….Either China gives up some Political Power or its chaos .
I dont see any place where Communists have given up Political Power..they just disintegrate and everybody abandons them..Maybe its good for Australia,Singapore,Vietnam Canada ?
I had a Chinese friend in 1950 until he started going to NYC on weekends and started spouting about how the US should be doing this and that criticizing the Us..then we all avoided him and never heard from him again ..We all liked him until the communist propaganda got to him.WE used to visit each other for lunch ,his Uncle sponsored him to come here after Chaing Kai Shek got driven from the main land on to Taiwan he was a good worker .worked in uncles Chinese Laundry after school and lived in the back room .He used to come to my house for lunch twice a week in (5th grade).His name was ENG ..I liked the kid ,but after the Communists got to him got tired of him bad mouthing the US…He expected the US to fix everything in China when the Communists took over.He was from Canton.
Thank you so much for your kind words…your comments mean a lot to me. I am currently still in a down and out phase. Sometimes a bit of humor is a great help at these times for me. So, alas and alack but, all the great books have already been written and all the great movies already produced…LOL.
