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I dumped my 250 MUX aug 16 $2 calls for a dime–paid a nickle–they. were worthless last week…
treefrog
it’s a late session raid as they hit everything, buying Dollar and SM selling PM’s…standard operating procedure….PM’s cannot close on Hi’s …
Buygold
and now they hit it all…dollar going bid and even the SM is levitating, as if by magic….it’s all so darn obvious..except they now have 3 Billion bugs after them….who only buy Physical.
hui?
late session raid? or just the daytraders getting off the bus? some of each?
Maddog – NEM
Definitely the tool to keep GDX and the HUI in check as much as possible.
We’ll wake up one of these days and it will be up $3-4 out of the blue when everything else underperforms.
Doesn’t look like this SM is coming back anytime soon.
Kashmir On Lockdown: India Strips Muslim-Majority Region Of Autonomy, Troops Move In
So this now brings in another 1.6 billion people potentially effected by a war between India and Pakistan, all of whom love Gold. 1 oz each is a nice round 50, 000 tonnes.
The Dollar and the Yuan
are now in a RACE to the bottom…..but but what about all the DOLLARS fleeing HONG KONG where will they go ? They have to buy DOLLARS to buy most other assets even GOLD !,So how does Trump keep the DOLLAR DOWN ? Does HE buy YUAN ? OH what a crazy thought….! Oh I get it ….He can NAKED short the Dollar ..that’ll do it .If that gets risky he can always print Dollars and deliver to cover his shorts ! Yeah that’ll work ! SHHH dont tell the Gold BUGS…
Violent Chaos Breaks Out In Hong Kong: Police Stations Set On Fire, Triads Beat Protesters, City Paralyzed
Remember that if every person in China buys 4 oz of Gold, that equals @ 22,500 tonnes more Gold than is in existence.
Edit just checked China pop…it is now 1.42 Billion……
scum still sitting on NEM….
That’s why Bitshit can do 7/8 % in a day….no scum.
What happens next in HK…Kyle Bass
https://www.zerohedge.com/video/2019-07-17/kyle-bass-talks-future-fears-about-hong-kong
HK Chinese love Gold and it is the perfect hedge against a devaluation and Bass is saying the Peg may go between the HK dollar and US Dollar.
biycoon up $1500 today. crazy
Gold needs to take some lessons from it
Holy Crap! Dow down 700+
Gee I wonder where there’s a safe haven?
Richard640
Happiness is seeing the HUI at HOD after the cretins have done their worst! 🙂
We have suffered long enough, it’s time for some payback!
ORO-IPSP-Maddog–Buygold etc–I just got home and I see the PPT is throwing EVERYTHING including the kitchen sink at G&S–
I see silvers gain cut in half…then I see about 10:48 there was a huge. hit to all the PM stocks but all the ones I track came back and just now made new highs for the day…and silver just tacked on a cent or two but only up 10…Dec gold is 1477 and that’s $5 off the high…if gold can’t log a 20-25-30 buck upday on a day like this then what happens next?
Or is this just the way traders get shaken out of their positions…I wish the F I knew–
even my 250 aug $2 MUX calls are up a huge 15 cents [8%] at $2.01–those calls were worthless a few days ago…
My AUY is screaming! Up a YOOGE 23 cents or 7.28%
The scum
are going to go down fighting……
HL
Judge vacates water discharge permit for Montanore Mine
Heres a Great Short
TDAmeritrade sez HUI down 97.5 %
No Matter What The Fed Does, It’s Bullish, Right?
So, exactly “when” are Fed actions are “not bullish?”
I would suggest now.
As I noted in this past weekend’s missive:
“Lower rates have less impact on the ‘economy,’when the monetary transmission system is weak. This is evident from the fact that surging asset prices have left 80% of the population behind in terms of higher levels of prosperity. This also is why tax cuts failed to work as intended. After a decade of low rates, and excess liquidity, the ability to ‘pull-forward’ demand has become limited.”
While, in the short-term, it may seem that whatever the Fed does is “bullish,” as the performance of the stock market since 2009 would seem to support, it has been a function unbridled fiscal largesse. As shown in the chart below, the Fed’s actions have been supported by a massive amount of Government spending as noted last week:
https://www.zerohedge.com/news/2019-08-05/no-matter-what-fed-does-its-bullish-right