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July 2019
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Buygold—10:07—G&S are shaping up

Posted by Richard640 @ 22:16 on July 7, 2019

Couldn’t be better—the 10. yr is now up 12/64th—gold is green by a dime and 5 bucks off the low—silver is up 3.5 cent snd 5 off the low—and

the. $ is down .060…so far. so good…loved the down open and the slow recovery…typical bull mkt action.

http://futures.tradingcharts.com/marketquotes/SI_.html

http://futures.tradingcharts.com/marketquotes/GC_.html

http://futures.tradingcharts.com/marketquotes/ZN.html

[T-NOTES]

http://futures.tradingcharts.com/marketquotes/DX.html

[$]

R6-Good Theory

Posted by Buygold @ 20:48 on July 7, 2019

If only our bullish theories would work more often than not……

Buygold–gold’s. down. 1.70. and. 3.50 off the low-silver is flat–a good sign

Posted by Richard640 @ 19:36 on July 7, 2019

This is the open u want to see in a bull mkt–worry over the weekend about gold…down open sun nite…which gets bought and gold up 10 or. 20 by morning…or so the theory goes…[heh heh….]

http://futures.tradingcharts.com/marketquotes/GC_.html

Rubino

Posted by Buygold @ 17:56 on July 7, 2019

Has an article on ZH about how Mark Möbius is suggesting to clients that they should put 10% of their assets in gold.

Not that I think this is a bad idea, it’s just that Rubino’s timing is not so good.

Rough week ahead?

Gold should be just fine=there is a strong whiff of desperation as Europe readies a last-ditch attempt to stimulate itself out of a liquidity trap

Posted by Richard640 @ 17:55 on July 7, 2019

No one could possibly believe that bringing rates down even deeper into negative territory will have a lasting impact on the intractable unemployment, anemic economic growth and coming deflation that threaten to snuff prosperity in the eurozone. The alternative is to turn the region into a fiscal-spending free-for-all by lending promiscuously to the likes of Italy, Greece and Spain. Presumably, this would come with Germany’s reluctant assent and the feckless instruction, “Go to town, guys!”d

No surprise–Fridays’ number was a phoney

Posted by Richard640 @ 16:38 on July 7, 2019

Debunking The Myth Of The Tight U.S. Labor Market

Authored by Lakshamn Achuthan and Anirvan Banerji, op-ed via Bloomberg,

Jobs growth is substantially slower than the headline employment data indicate…

As the U.S. election cycle gets underway, expect much debate over just how strong the economy really is after becoming the longest uninterrupted expansion in America’s history. After all, the jobless rate is at a half-century low and the S&P 500 Index is at a record high. The bond market, though, is signaling that the Federal Reserve will soon be forced to ease monetary policy to shore up the economy. How can that be?

Looks like it’s all over for bitcon

Posted by Captain Hook @ 16:25 on July 7, 2019

https://www.zerohedge.com/news/2019-07-03/firms-launch-complex-bitcoin-derivatives-cash-latest-rally

Chuckle

Jason Hommel has resurfaced

Posted by ipso facto @ 14:44 on July 7, 2019

Current (2018) BIS “other precious metals” derivatives data vs. LBMA Vault Holdings: Silver

Current (2018) BIS “other precious metals” derivatives data vs. LBMA Vault Holdings: Silver

Richard

Posted by goldielocks @ 11:11 on July 7, 2019

These theory’s from these talking heads are well some are enteresting but to me mostly boring. It’s kinda like running a race and when you get closer to the finish line people jump in the front line who weren’t there before. They always ” except maybe some chartist” seem to always come out ” after ” the rally started. They didn’t preach it before it broke out from resistance that there’s a chance it will and go what target but afterwards. Thats how people lose money. With that or they’re always Bull or Bear.
Then either way., if they got in later or finally turned in the direction they were preaching forever they’re gonna say it’s gonna keep going up or down which ever side they’re on.

Hey R6 re: Sprott’s guy Brady

Posted by Buygold @ 5:34 on July 7, 2019

Well you’ll also notice Brady in a paragraph toward the end puts a big fat hedge on and I think say he could also see it go back to $1000. How does he even think anyone could take him seriously?

In terms of Ballie and rules. The only thing I can think is that gold is subject to rules and manipulation because it is the only true threat to fiat currency.

As far as silver, it may be as much about physical properties and trying to keep electronics cheap. Just a hunch.

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