Loading ...Stocks, Yuan Briefly Soar Higher On “Meaningless” CNBC Report Trump Willing To Walk Back Sanctions
Richard640
I guess we are up against the ‘no follow thru’ rule today. They enacted the 2 % ystdy…so even though it was a huge day, the capping was still around and look at silver…JPM are sitting on that still…but it’s early days and the SM can’t stay bid…..
Maddog, R6
Yep. Non-stop selling in pm’s but I see the PPT has arrived to save the SM at least into the open.
No doubt silver is a big concern this am, getting hit hard. At least we had yesterday to offset things a bit.
I’m still looking at JNUG and NUGT and saying what? Down only 2 & 3% respectively?
I don’t know, maybe yesterday got me too bulled up.
As you mention rates and the USD have come all the way back, that’s not good for us.
Morning Buygold
I sit here stunned yet again, as to the madness of selling thousands and thousands of lots of Gold, just to stop it rallying…never seen anything like it, only in two previous rigs, Tin and Coffee and they both blew up…but even they didn’t just sit there selling non stop.
MADDOG–My site–10 min delay–shows the $ down .24-what. worries me is the silvers are being hit hard!@!–JNUG down 1.27
Yesterday was a huge day so some digestion is needed I guess…never needed for the stock mkt or. Bitcoin…looks like. stocks will end up higher…that’s supportive for gold cause it shows belief in rate cuts…now they’re really going after gold but all during this run. we have seen big intraday pullbacks…they get bought and go to a new high for the day…so we’ll see–the 172 reasons to own gold are all still valid–central banks aren’t about to turn around and start raising rates…world debt isn’t going to just pack up and leave…
http://futures.tradingcharts.com/marketquotes/DX.html
USLV=
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| 8:54:51 AM EDT
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Volume | |
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75.75
-3.88 (-4.87%)
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Morning Maddog
Yeah, Dollar up a tick, rates a little firmer than they were earlier, but world markets look like crapola. The whole world needs the PPT to come in and save the US market today so Monday won’t be a shit show.
Still, I’m looking at the pm shares and they don’t look all that bad, maybe they’ll tank as the day goes on – I dunno – OR maybe the scummy ones know that pm’s will mount a comeback today and they aren’t selling.
Amazing what the scum are attempting
the whole world was selling Dollars and the SM, buying Bonds and Gold and today the scum are trying to get all that reversed….
scum making their stand here @ 1440 and down
and buying Dollar.
Jobs Report – in line 164K
unemployment rate ticked up to 3.7%
Previous months revised lower – from the obvious bullshit they spewed in the first place.
This should give us the ammo we need, should help the SM too but not so far.
Starting to think that the overseas markets, namely London is selling down gold in the overnights to give the Crimex banksters a chance to cover during the day.
Ten Yr. 1.87%
I still think we have a chance to come back today.
As expected 164K but. big downward revisions–I thought I heard him say one. month was revised down 40K jobs
this number is also padded. with 10K to. 20K or more jobs…economist. on FOX said this allows the FED to cut in September–also said the bond mkt is telling the FED to cut..
Liesman on cnbs unhappy with. the report…said 30K gov. jobs….didn’t like big downward revisions to last month…says retail is very negative….
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FROM ZH=The not so pleasant news: substantial downward revisions, to wit: the change in total nonfarm payroll employment for May was revised down by 10,000 from +72,000 to +62,000, and the change for June was revised down by 31,000 from +224,000 to +193,000. With these revisions, employment gains in May and June combined were 41,000 less than previously reported.
Offsetting the slightly weaker headline payrolls – largely due to downward revisions – was the average hourly earnings which came in hotter than expected, as the monthly increase came in at 0.3%, above the 0.2% expected, while the annual increase of 3.3% was also above the 3.2% expected, and once again approaching the cycle highs.
Morning R6
Yeah same thing on CNBS their numbers reflect the Crimex close, when most of the gains were made after the close.
The shares don’t seem to be believing we’re going to get a big downdraft today.
We’ll see what they do with the jobs numbers but right now everything is supportive, lower rates, USD and SM
Buygold-I’m confused-on. FOX news at the close of after mkt gold trading at 5:15 their. real-time feed showed
1457.50 UP 19.70 ON DEC GOLD…..sso now FOX is showing 1448 up 16.50–that’s a difference of. 3.50–I know there’s some disparity because of the difference in price between the comex close nd the 5:125 close but I’m not sure how that works…anyway, gold looks. fine to me…silver, of course, is. back to lockdown…but silver lagged for most of this bull advance until recently…
http://futures.tradingcharts.com/marketquotes/GC_.html
This doesn’t hurt gold either:
Mario Draghi Lays Out Plan For A Dangerous Round Of Stimulus
GPL does a Bought Deal Financing – Bastards
I guess at least it puts a floor on the shares of $.75
Great Panther Announces $15M Bought Deal Financing
5:28 pm ET August 1, 2019 (Benzinga) Print
Rough start
especially in silver, but heck the Ten Yr. is all the way down to 1.84%
Long day ahead, and for once, it feels like the metals could make a comeback.
Gold Train
The Tweetsie crossing dead horse trestle
…interesting names, no?
https://railpictures.net/photo/703242/
Mr Copper 10:07
Yep and then they can use our dollar to buy more in their country too after selling our once products back to us. Preaching to the choir on that one huh.
Right now many countries are suffering in crisis. Some complicated by migrants. Europe finally got smart told them to stop coming and going after the traffickers and enablers.
With the economy still strong here makes sense to move to the dollar.
Easing isn’t going to have as much effect yet in a strong economy. But the potentials topple is low rates driving housing cost up will eventually run out of low rates and money as we’re seeing the beginning with increase of homelessness. It’s just not mentsl and drugs but could be exposed to them. Fixed income also having trouble. We could wind up in a 1980s scenario again if they get inflation even if it’s cost inflation. Eventually tswhtf starting in blue states no doubt.