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But. don’t despair…it’s gonna be a wild night…around 6:30 or so I was watching fox biz and gold dropped 10 bucks literally in a minute or. two and a few minutes later had gained it all back…I e-mailed Bill Murphy and asked him if that had happened or was it the Fox biz feed ticker that had made an error…he said, no, that. was real action–gold is in a fast moving market. The volatility reminds me of the cryptos that past few days…
Maybe these are “Vesuvian Tremors” and gold is about to go “full Bitcoin”…and make a 40%-50% move in a week or two.
every time I look down to type then look up. it’s up a few bucks more—this has to be Paul Tudor. Jones and others of his ilk panicking to get long…who else could kick the crap out of. the cartel and the commercial longs in after market trading?? are we gonna see a 50 or 100 buck day tomorrow??
We are a witness to history–wasn’t 1444 the high before the correction?
up 26.50 over the 2:30 pm comex close at 1434.50
Best. thing–I. have seen NO. discussion of gold on. the. 3 business channels—nothing on Fast Money tonight
Hedge fund activity in New Gold Inc. (NYSEAMEX:NGD)
Heading into the second quarter of 2019, a total of 13 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -13% from the fourth quarter of 2018. On the other hand, there were a total of 14 hedge funds with a bullish position in NGD a year ago. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their stakes significantly (or already accumulated large positions)
So many hooks…that. shut people out or caught them. underinvested…
There was. and. is a laundry list of why gold couln’t rally…or why this. rally will fail…RSIs too high–COTs bearish–too many. bulls–gold needs just one more washout…gotta go to 800 ot a 1000 first….can’t rally with silver lagging…etc etc…and I can’t blame traders–we were all worn to a frazzle by the years of miserable performance…myself included…O well, that’s show biz…
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ADP REPORT
Out tomorrow. at 9:15–we may. not have to wait until Friday–if they estimate a low jobs number, gold may do a repeat performance…I wonder if this rally was startyed by someone with advanced info…and the number will be low…
Vice President Mike Pence’s New Hampshire event on Tuesday has been abruptly canceled as he has been called back to the White House.
Pence had been scheduled to land at Manchester-Boston Regional Airport at 11:45 a.m., which is right around the time the news broke that his event had been called off.
A woman helping with the media at the New Hampshire event later clarified that it was a “diversion” and not an “emergency.” A senior White House official said Pence never left Washington, D.C.
President Trump and Nigel Farage are friends who discuss politics. How must Trump feel to see Farage supporters step up with fierce independence while his own voters still remain indoctrinated to supporting the corrupt Republican Party?
We need to crush both Deep State parties.
We need a new one we can support President Trump with.
We said we would have his back. Now we must do so and we have 400 days, not the 45 which was all English Patriots needed.
What’s his face said the other day that gold isn’t responding to tariff worriYS but is sensing that the entire world-including the U.S. is on the zero-bound train…
Another undiscussed factor as it relates to gold is the collapse in BitCoin and other cryptos–plus two coins were frauds and disappeared in the the past few days. The trust in crypto may be migrating to gold–the treid and true safe haven.
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