https://www.zerohedge.com/news/2019-08-08/bond-yields-stocks-spike-german-cash-climate-debt-plan
Gold snapping right back
SM fading. If silver starts to snap back, look out above.
a few days ago…
…someone was hoping that silver would convincingly move above $16.50
i do believe that has happened. now, it needs to convincingly move above $17.
we had the first penetration, and it was sweet. now, catch our breath and consolidate.
one foot in front of the other…
Maddog
yeah, today isn’t kicking off all that well at the start, but it’s early. Dollar doesn’t look all that strong to me, kind of flat. I wasn’t crazy about the close yesterday but we’re going inverse the SM at the moment so no surprise.
Silver is going to be volatile going forward.
Well done the scum S&P prints 2900…..up 133 full points in 2 1/2 days !!!!!!!….or 4.75 %
and no one will be saying it needs to correct.
Buygold
there sure is a change…but we’ll get no help from the MSM about it…I see nothing on who is behind this buying, yet prices are all time Hi’s.
The scum sure have an effective media black out.
I have a bad feeling about today, it looks like the scum are on all out attack…I see the Dollar going bid, non stop for last 5 hours, rates may have temporary base here and they are very over done….and they are just selling everything in PM’s.
Hey Maddog
You know me, the eternal optimist! HA!!
I’m not sure that the old round number rules are going to apply for awhile, but I sure as hell can’t begin to tell you why.
For years and years we saw the Nasdaq and stocks like AAPL and AMZN go up for days on end without any reprieve. I’m wondering if we’re not now just entering that period for pm’s.
I guess the big difference is that the PPT and scum are working against us, but something has definitely changed and I still can’t put my finger on it. It’s not just trade, or the Fed, or the economy – it’s something else. Something we don’t know about yet. JMHO
EXK Earnings – not good, should give me a chance to re-enter today
VANCOUVER, British Columbia, Aug. 08, 2019 (GLOBE NEWSWIRE) — Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) released today its financial results for the Second Quarter ended June 30, 2019 from the Company’s four silver-gold mines in Mexico: the Guanaceví mine in Durango state, the Bolañitos and El Cubo mines in Guanajuato state and the El Compas mine in Zacatecas state. The Company reports a net loss of $10.1 million in the Second Quarter, 2019 compared to $5.7 million loss in the Second Quarter, 2018, primarily due to lower revenue and higher unit costs of production. Revenue decreased 24% due to lower production and lower realized silver prices, partially offset by higher realized gold prices.
Morning Buygold
Well $ 1500 is a clear and obvious price too far and now AG is back below $ 17…they are going for the next smash….
What is amazing is that Bloomberg talked about the PPT protecting the SM, at some point someone will ask why keeping Commodities cheap, especially PM’s is the Fed’s job.
Ororeef et. all re: MUX
Does this chart look buyable to you?
Seems like it is right on the cusp of a nice breakout, great volume yesterday. Maybe I’m just trying to talk myself into buying more but there’s not a lot of shares that look cheap to me. MUX does – maybe for a reason??
Morning Maddog
Well, I suppose from my point of view given all the death, destruction and money the US has dumped into the M.E. old Vlad can have it.
Looks like the scum is having a tough time keeping the SM futures positive this am. Not down much, but when I woke up the DOW was up 70, now down 30.
Russia Gains Stranglehold Over Persian Gulf
https://www.zerohedge.com/news/2019-08-07/russia-gains-stranglehold-over-persian-gulf
Looks like Vlad now controls most of the World’s oil and therfore the price.
Is flat the new down?
Half way expected a round number pull back today, but I see we’re flat.
Sideways for awhile works.
ORO–thanks…actually 20K shares was no problem–the volume was 30 million–the avg. daily volume is 7 mill
before I made the trade, I did note the high volume and thought it might be washout volume…gold could sell off a bit or go sideways cause there’s a possibility stocks go to new highs…
DISTRUST. THE BOUNCE–BETTER READ THIS FIRST
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Gold Train
The Rio Grande Ski Train snakes around
big ten curve as it begins the climb
up the front range, heading for more snow.
https://railpictures.net/photo/703219/