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R640

Posted by redneckokie1 @ 20:32 on August 23, 2019  

I think the stock market will gap down Monday. I expect the foreign markets to be down significantly before the US opens. Trump announced higher tariffs after the close so unless he backtracks over the weekend, look for pm up and sm down on Monday.

rno

 

Carney – Ex- Goldman guy suggests Zuckerberg’s “libra” style currency as replacement for the USD

Posted by Buygold @ 18:45 on August 23, 2019  

No joke from an Ex- Goldman guy IMHO, and no doubt enriching a CIA invented company like Facecrap and their front man Zuckerberg who probably can’t spell his own name,

They will IMHO, have to figure out how to either revalue or get rid of the pesky metal called gold which has been money for over 5000 years.

In Unprecedented, Shocking Proposal, BOE’s Mark Carney Urges Replacing Dollar With Libra-Like Reserve Currency

“In the longer term, we need to change the game. When change comes, it shouldn’t be to swap one currency hegemon for another.”

Seth Moulton Ends Presidential Bid

Posted by commish @ 18:10 on August 23, 2019  

Gold soars 29.10  Ends week at 1526.60

Benoit Mandelbrot chaos prof : Volatility days are defined as days with +/- 3% change.

Posted by Richard640 @ 17:43 on August 23, 2019  
Michael Engel
Aug 18, 2019 at 7:08 am

1) Tiny tranquility candles above/ under a gap can hide volatility.
Full body candles cannot hide volatility.

2) Benoit Mandelbrot chaos prof : Volatility days are defined as days
with +/- 3% change.

They tend to cluster together. They appear in a downtrend and rallies.

THEY DON’T PREDICT TREND

They predict chaos and a major change.

3) Spx : after six month of tranquility, Aug 5th was a 3.8% day // Ndx was a 4.5% day.

4) US 10Y : Aug 1st & Aug 5th both were 5.9% days.

5) German : 10Y Aug 13 & 14 are very volatile days in vertical max.

6) Stay out of their way.

Captain we are the only ones on the planet to mention the. word crash=I. will go one further

Posted by Richard640 @ 17:29 on August 23, 2019  

and suggest. a “black Moday” crash–I don’t thin it likely and don’t wish for it…

I had a $12K net gain today on my AUY calls…yawn…just. another day at. the office…

Ororeef–Ruth. Ginsburg=the banality of evil

Posted by Richard640 @ 17:19 on August 23, 2019  

The New Yorker in 1961 on the war crimes trial of Adolph Eichmann, the Nazi operative responsible for organising the transportation of millions of Jews and others to various concentration camps in support of the Nazi’s Final Solution.

Arendt found Eichmann an ordinary, rather bland, bureaucrat, who in her words, was ‘neither perverted nor sadistic’, but ‘terrifyingly normal’. He acted without any motive other than to diligently advance his career in the Nazi bureaucracy. Eichmann was not an amoral monster, she concluded in her study of the case, Eichmann in Jerusalem: A Report on the Banality of Evil(1963). Instead, he performed evil deeds without evil intentions, a fact connected to his ‘thoughtlessness’, a disengagement from the reality of his evil acts. Eichmann ‘never realised what he was doing’ due to an ‘inability… to think from the standpoint of somebody else’. Lacking this particular cognitive ability, he ‘commit[ted] crimes under circumstances that made it well-nigh impossible for him to know or to feel that he [was] doing wrong’.

https://aeon.co/ideas/what-did-hannah-arendt-really-mean-by-the-banality-of-evil

COT Report – Shorts keep pressing their bets

Posted by Buygold @ 16:36 on August 23, 2019  

Does it matter? or are they doing it for their mining clients? If so, I’d like to know which miners and make sure I don’t own any of them.

https://cftc.gov/dea/futures/deacmxlf.htm

Professor Jeremy Siegel on CNBS

Posted by Buygold @ 16:33 on August 23, 2019  

Saying Fed is already behind the curve. .25% cut won’t be enough, better do .50% or the SM gets crushed.

Siegel is nervous about the SM unless the Fed gets their shit together.

He is the biggest bull on the planet, if he’s nervous, this market is going a lot lower IMHO. PM’s a lot higher until the Fed cuts to zero.

 

@ Ororeef @ 14:06 on August 23, 2019

Posted by old-timer @ 16:16 on August 23, 2019  

That game of “scrabble/scramble” is really, really, good.

Thanks!

METALS HOLDING

Posted by treefrog @ 15:43 on August 23, 2019  

…gains pretty well.  HUI easing back a little.  day traders getting off of the bus ahead of the weekend??

treefrog, ororeef

Posted by Buygold @ 15:23 on August 23, 2019  

treefrog -nice way to end the week eh? 🙂

ororeef – you mean she’s still alive? I’m sure there’s a lot of vested interest in seeing her make it past the 2020 elections.

unless the scum…

Posted by treefrog @ 15:16 on August 23, 2019  

…pulls a raid in the next few minutes, we will have a close at/near the high.  a nice set-up for monday morning.  🙂

TIC TOC TIC TOC TIC TOC TIC TOC

Posted by Ororeef @ 14:49 on August 23, 2019  

aw

Justice Ruth Bader Ginsburg Treated Again For Cancer

Supreme Court Justice Ruth Bader Ginsburg speaks with NPR in July.

Shuran Huang/NPR

Updated 2:37 p.m. ET

Justice Ruth Bader Ginsburg has just completed three weeks of radiation treatment at Memorial Sloan Kettering Cancer Center in New York, the U.S. Supreme Court disclosed Friday.

The radiation therapy, conducted on an outpatient basis, began Aug. 5, shortly after a localized cancerous tumor was discovered on Ginsburg’s pancreas. The treatment included the insertion of a stent in Ginsburg’s bile duct, according to a statement issued by the court.

shares catching up

Posted by treefrog @ 14:26 on August 23, 2019  

HUI setting new highs for the move.

 

My Dollar forecaster chart sez

Posted by Ororeef @ 14:11 on August 23, 2019  

Dollar goes down to 85   ! real fast   !

Too much time on your hands

Posted by Ororeef @ 14:06 on August 23, 2019  

This is one of the cleverest
E-mails I’ve received in a while.

Someone out there
Must be “deadly” at Scrabble.

Wait till you see the last one!

It’s going to be hard to top because
It fits to a “T”

PRESBYTERIAN :
When you rearrange the letters:
BEST IN PRAYER

ASTRONOMER :
When you rearrange the letters:
MOON STARER

DESPERATION :
When you rearrange the letters:
A ROPE ENDS IT

THE EYES :
When you rearrange the letters:
THEY SEE

GEORGE BUSH:
When you rearrange the letters:
HE BUGS GORE

THE MORSE CODE :
When you rearrange the letters:
HERE COME DOTS

DORMITORY :
When you rearrange the letters:
DIRTY ROOM

SLOT MACHINES:
When you rearrange the letters:
CASH LOST IN ME

ELECTION RESULTS :
When you rearrange the letters:
LIES – LET’S RECOUNT

SNOOZE ALARMS :
When you rearrange the letters:
ALAS! NO MORE Z’S

A DECIMAL POINT :
When you rearrange the letters:
I’M A DOT IN PLACE

THE EARTHQUAKES :
When you rearrange the letters:
THAT QUEER SHAKE

ELEVEN PLUS TWO :
When you rearrange the letters:
TWELVE PLUS ONE

AND FINALLY….
FOR THE GRAND FINALE :

PRESIDENT BARACK OBAMA

When you rearrange the letters:
An Arab Backed Imposter

Bet your friends haven’t seen this one!

2 & 10 Yr. on the verge of inverting

Posted by Buygold @ 14:01 on August 23, 2019  

here come the calls for a recession.

Oil down 3% – Nice to have one of the few investments that is working for a change, other than bonds.

I guess Powell should have been a lot more dovish. Imagine if Trump somehow weakens the USD, no idea how he’d do it but…

Captain–I also think we may be starting a crash sequence–I posted last. week. how in. 2018

Posted by Richard640 @ 14:00 on August 23, 2019  

there was.  crash. talk all over Tee. Vee and the internet but Zilch this year…we can never be sure. but this “innocuous” looking down day could be initiating. such an event…and my long held contention that gold would not crash. with stocks is confirmed by todays. action…last year I put on out of the money. December puts on BAC [went to 6.60 in Oct. 2008] and WFC [went to 12.10. by Nov 1st. 2008]…and I may do that. this.  year–just as an insurance policy…I hope we don’t crash cause I don’t want Lizzy. Warren as president

Did Trump Just Put The September Market “Crash Down” In Play

The more stocks drop, the greater the “gamma gravity” feedback loop where selling begets more selling.

this morning’s nice little pop…

Posted by treefrog @ 13:41 on August 23, 2019  

…looks like it may be coming back for the afternoon shift.

🙂

Gal on CNBS “Fast Money” Just touting gold

Posted by Buygold @ 12:57 on August 23, 2019  

as a good bet against the stock market with a breakout last month from a “six year base”

Not a peep from the other traders…

Maddog

Posted by Buygold @ 12:52 on August 23, 2019  

Since you’re a chart guy, it looks like the HUI can get back to the 2016 highs of around 290 without much problem other than the relentless manipulation of NEM.

The shares are doing pretty well today but still underperforming the metals. They should be on the cusp of a serious explosion if the metals keep moving higher.

Rates getting hammered, but this is interesting – Trump is on the warpath

Posted by Buygold @ 12:35 on August 23, 2019  

Dollar Tumbles On Speculation Trump To Announce FX Intervention “Shortly”

Is Trump about to take currency war nuclear.

Looks like da boyz….

Posted by Captain Hook @ 12:16 on August 23, 2019  

….got gold and silver back under control.

Wake me up when silver gets over $17.50.

We should have new highs already with what’s happening.

Trump is turning into a real nut-bar with this tariff crap.

Shades of Smoot Hawley.

Here comes the crash.

Chuckle

VAT removed on PM’s in Russia

Posted by Alex Valdor @ 12:16 on August 23, 2019  

https://www.kitco.com/news/2019-08-22/Russia-s-President-Putin-Cancels-VAT-on-Gold-and-Other-Precious-Metals-Investments.html

That would also cause some folks to exchange ‘safe haven US $’ for gold , dropping demand on petrodollars , which in a perverse way , makes US exports cheaper , making our President happier than Powell’s inaction does .

thanx, alex

Posted by treefrog @ 12:07 on August 23, 2019  

i can see how that would trigger a pop.

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.