Loading ...Now that the HUI has dumped it’s overbought situation we’re free to go higher. A few months more of days like this and I’ll be breathing easier. 🙂
PIMCO’s worried about. rising. rates…so I’ll have to reconsider my view that. rising rates might. be a great contrary play
In July 1981 the. Fed Funds rate peaked at. 19%-In July 1982–the rates had dropped to 10.6%–THAT’s why stocks started their historic run=because. rates were falling….the DOW bottomed in 1974. at what? About 500? within a rising rate environment, stocks clawed their. way up to the old high [1968] of 1000 DOW & exceeded that in 1982 and it was off to the races…
So with. stocks highly overvalued and at historic peaks…are we to believe that. stocks will explode upwards WITH rising rates…Wolanchuk says they will…I think Wollie may be off on this one…unless the inflation in paper spreads to tangibles and, like Volker, the FED has to raise rates to extinguish inflationary fires…
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
usdx
there’s a five year pattern forming in the dollar index that’s suggestive of a head and shoulders top. the neckline isn’t flat, the shoulders aren’t symmetrical, but if it plays out anything like a h&s top, it’s a big’un!
Shares are looking good
Time for them to finally lead the charge?
Today almost feels like a stealth rally. Sort of unexpectedly strong.
OT
‘We are dropping like flies.’ Ex-fighter pilots push for earlier cancer screenings
WASHINGTON — Former Air Force and Navy fighter pilots are calling on the military to begin cancer screenings for aviators as young as 30 because of an increase in deaths from the disease that they suspect may be tied to radiation emitted in the cockpit.
“We are dropping like flies in our 50s from aggressive cancers,” said retired Air Force Col. Eric Nelson, a former F-15E Strike Eagle weapons officer. He cited prostate and esophageal cancers, lymphoma, and glioblastomas that have struck fellow pilots he knew, commanded or flew with.
dollar index
$lip-$liding away…
Richard640 @ 12:15
re: Mobius I hadn’t realized that … interesting! 🙂
We’re starting to have a decent day … knock etc
HUI’s goin nutz today-up 5.63 [2.57%]
https://finance.yahoo.com/quote/%5EHUI?ltr=1
Lotsa gold friendly pundits calling for a. big correction—or. saying if we. go up for another few weeks THEN. a big correction…Even I committed the sacriledge of buying DUST for a hedge/trade…and I must. say the Bad guys have really. been aggressive lately…but the “correction pundits”. have been with us all the way. up…
I dipped my beak this a.m.—just in case…the $ has rolled over and they’re buying bonds…yesterdays big hit to gold had the pm shares/etfs very resilient–…so maybe the big surprise will be gold breaking to a new high…we got the FED on wed. & Jackson hole on friday…think they’re gonna raise rates?
fifteen and seventeen
again.
Sounds like a bell tinkling
PIMCO Starts Dumping Bonds, Fears “Helicopter Money” Around The Corner
just a little follow up on oil and gush ( A DEAD CAT BOUNCE), now back to Gold dont get distracted
uwt has a small buy signal
$gsx ” ”
$bcomen ”
It looks like a Dead Cat bounce ! off the bottom…..energy-oil-crude I still think its a Political Deal
until the election is over ,and the trouble makers oil producers go broke or are thrown out of office its not going to change…taking their revenue away is better than fighting a War with them …US can control internal prices…and stay profitable just above break even..
Buy Gold ‘At Any Level,’ Mobius Says as Central Bankers Ease
Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying accumulating bullion will reap long-term rewards as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets. Prices climbed.
“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up,” Mobius, who set up Mobius Capital Partners LLP last year after three decades at Franklin Templeton Investments, told Bloomberg TV. He added: “I think you have to be buying at any level, frankly.”
This is what I mean about CDE–I don’t get it but I don’t much care why…
4.9200-0.0300 (-0.61%)
At close: August 19 4:03PM EDT
5.0200 +0.11 (2.24%)
Pre-Market: 8:38AM EDT
NVO.V==for real? A bonanza or a scam? I think it might be a scam
Goldfinger: Let’s turn to the junior mining sector. Novo Resources continues to have a tough time trying to get any traction past this $2.00-$2.50 range it’s been trading in for a while. They put out an NR on Egina recently, what are your thoughts on that?
Bob Moriarty: We have to take a step back a little bit to understand what’s going on with Novo. The hard rock project Novo has at Karratha is one of the most difficult projects to figure out of any project i’ve ever heard of because it’s very nuggety gold in a hard rock environment. The alluvial project at Egina is also quite tricky because for ten months of the year you have no water whatsoever, which makes processing very difficult. You’ve got very nuggety gold so it’s very hard to measure just like Karratha. However, it’s right at surface and i’ve seen areas where it’s 10 meters by 10 meters and they pulled out 10 ounces in total nuggets from that area over a three hour period using a metal detector. Some of what exists at Egina is so special that i’ve never seen or heard of anything like it anywhere else in the world.
Novo is going in and trying to use modern technology to try to figure out these puzzles at Egina and Karratha. They’re using ground penetrating radar and they’re finding out where the ultra-rich zones are should be. At Egina they have something like 1,000 square kilometers, much of which has alluvial potential. The biggest problem Novo has right now is dealing with the government bureaucracy and sorting the native title issues. Quite bluntly there are some areas of Australia that are extremely difficult to work in. Karratha is one of them. Novo is on track and they’re doing a good job, they’re finding gold and they will be producing gold. I think Novo is going to be one of the great success stories in the mining sector over the coming years.
Eeos–Ororeef–I agree on all your points–CDE is also a mystery…
who. the. hell kept buying it yesterday?-it. was down. 6 cents and silver was down 28…also, how did it get to $15 a share in 2016…I made a lot of money offa my CDE calls…if. silver goes to 18 or 20 or 25. will CDE perform like. in 2016?? I think I lucked out…I doubt zI’d mess with it now…
Working to reclaim $1500 and $17
as always it will be a battle.
USD stable, so it’s all about rates for now.
Gold Train
Visual perspectives in the mountains are
illusions. This train is actually going downhill.
https://railpictures.net/photo/706856/
eeos @ 17:49 on August 19, 2019
yes ,CDE always has been ,I figured that out 20 years ago..
CDE is a floating turd
in the toilet, this stock has the worst management any of us could try to imagine…a bunch of snakes
