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Fake moves
DOW….DOLLAR…VIX todays fake moves like theDonald sez….
HOW EVER Newmont and EURO are turning up !
Re Gold
Eventually, many producers will be reporting bigger profits. Also the reserves in the ground are gaining value, making even their real estate worth more.
Buygold
If my guess is right then the shares will play catch up at some point, as the demand is for physical Au. At the moment the mkt is caught by surprise and no-one saw this coming, or has woken to it, as our MSM will not go near PM’s.
aufever
For the most part the juniors don’t seem to be running yet. Perhaps later in the year when drilling results start to come in. It’s my impression that the intermediate size producers are doing the best … for now.
It’s hard to beat the royalty companies.
Buygold
Silver better explode past $16.50 soon or my head’s gonna explode! 🙂
Today was a mystery. I think some was profit taking (loss lessening?) from nervous bugs.
Anyone?
Looking for suggestions (not “advice”, of course).
If you had a couple of thousand bucks in a retirement account to invest, what are your 2-3 favorite stocks/ETFs right now?
Ipso, Maddog
Not really sure why we had the underwhelming performance in the shares today. Does it mean the metals get hit tomorrow?
Still hopeful we hit $1500 this week.
I have to think if silver busts $16.50 with authority the shares are going to explode.
But we’ve got the best economy ever … right?
Derail: Traffic Declines Across US Railroads Signals Broad Industrial Slowdown
New data from the Association of American Railroads (AAR) reported US Class I rail traffic for the week ended July 27, of 534,498 carloads and intermodal containers, down 4.4% compared with the same week last year, reported Railway Age.
The slowdown in rail traffic is the result of a broad-based industrial downturn that is hitting American manufacturers, originating from Asia and Europe as a global synchronized structural decline. Trade disputes between the US and China have accelerated the downturn on almost every continent, sending world trade volumes lower.
Total carloads for the week were 261,706 carloads, declined 3.5% YoY, while US weekly intermodal container volume was 272,792 for the week, slipped 5.3% YoY.
Buygold
NEM has been under the cosh relative to GDX since March and that is accelerating as of the last two months.
Maddog
Yep. I don’t know about the short covering but their letting it up a little on a short leash.
No doubt these shares have some catching up to do, hopefully they will.
600 HUI is a long ways away and represents some serious gains if we can hang in there.
Buygold
Yup today they short cover some NEM……or some do, as if they ever really covered, it would be over 100 and going !!!!!!
Maybe the HUI blip isn’t fixed
Because it was a real trade
Gold Fund s
I own two and both are making new HIGHS everyday ! it beats the volatility of the stocks ! for those that dont want to watch every day …TGLDX and GOLDX are doing fine by me ! happy to own them !
I dont recommend Vanguards Gold Fund ..they have conflicts of interest ..
The FED has admitted
that all they have to do is suppress the VIX to stop a run on the S&P ….
TIP off their Banker friends on when they plan on a vix action and viola ! bank profits !
The FED represents and are the BANKS caretakers and then they make “stock market” decisions ..a CLEAR conflict of interest..!
R640,
thanks for the link, it’s good for anything but the 5 day chart, which shows the corrupted data.
Oro–I wouldn’t be surprised that they. were fiddling with the. HUI quote
Looks like “some of these days”=gold up 7.50 and JNUG down .53 cent. [.6%]
Richard640 @ 10:55 on August 6, 2019
The corrected data is fine ,but it dosent do any good for data streams downloaded directly by companies like TDAMERITRADE into clients charts ,and thats where trading decisions are made ! and THEY know it ! the scum ..EXAMPLE.. how can I post a chart here with that data ?
Richard
It seems that Great minds think alike ,maybe even simultainiously..hehe
It seems to me
that the bad data feed for the HUI was a deliberate attempt to stop investors from running away with the GOLD MINERS stock prices ,the timing of it was just too convenient .NOW all chartests have to deal with charts that are meaning less .Why wasent it corrected ? The xau wasent effected ,but it dosent represent miners ,but bullion prices instead ..It needs to be fixed ! It stinks of Government manipulation ! Its the same crap that the FED has admitted to doing with the VIX ,we need to have honest data .The FED always talks about decisions being DATA dependent ,dosent that imply that the DATA needs to be honest or else what good is the FED decisions that they claim are DATA dependent when THEY screw with the DATA ! DISHONESTY by the FED ..WHO needs that ?
WE need to make them prove their data is honest ,if they make decisions based on that data.
VP Pence Signals US Plans To Sanction Top China Officials Over Human Rights Abuse
Isn’t there enough going on? Yes these abuses are bad … is now a good time to point them out? Civil unrest is about China’s biggest bugaboo. I think that China’s leaders know down deep that they have no secure or honest mandate from their people.
Maddog
Scum letting NEM off the floor a little this morning.
USD and SM sellers just arrived. Scum better get busy.