Posted by Richard640
@ 12:50 on August 29, 2019
I’m going down with the ship…I’m not selling out…but do not recommend that u stand pat–DYOD
Luckily my GUSH has covered much. of my PM exposure expense
The “snap-back” is gonna. be powerful and surprise the majority…I. went out earlier and was shocked when I came home and saw the action…it’s. vintage Cartel action but I thought, for now, we were done with it…
September and. October are the crash months for stocks…I wonder if the FED desk is gonna make them the best of the year…it would not. be a surprise in this. age of manipulation…
we better hope the market doesn’t crash before trump is elected…the dems are too horrible to contemplate
Posted by Maddog
@ 12:50 on August 29, 2019
and a 3 day Weekend…can’t have a storming Gold mkt as a centre of conversation, around the barbeque’s….gotta get the shine off the price and get that SM storming back up……and put some lead back in the Dollars pencil !!!!
Oh wow !!!! they are serious…they just hit AU for 6 bucks plus while I was writing this
Posted by Buygold
@ 12:32 on August 29, 2019
Good to have you around adding to the diversity of conversation.
I expect if we see further strength in pm’s – especially the shares the board will liven up a bit.
Posted by Maddog
@ 11:34 on August 29, 2019
Whenever we see some weakness in metals, the shares gets stomped, as it seems the buyers are mainly in metal, so the shares are easier to stomp……
Posted by ipso facto
@ 11:17 on August 29, 2019
German Army struggles to equip soldiers with… BOOTS, tells them to wait till 2022
The German Armed Forces have apparently been having a hard time supplying troops with new footwear, the Defense Ministry revealed, blaming a deadline missed by two years on ineffective industry.
Responding to the parliamentary inquiry, the ministry said that the quest to provide soldiers with two pairs of ‘heavy combat boots’ and one pair of ‘light combat boots’ has been derailed due to the “limited production capacity in industry.”
https://www.rt.com/news/467513-german-army-boots-failure/
Posted by Buygold
@ 11:13 on August 29, 2019
Had to happen sooner or later.
USD strong as always.
Looks like correction time. How deep is anyone’s guess, hopefully short and shallow.
Posted by ipso facto
@ 10:45 on August 29, 2019
Posted by ipso facto
@ 10:39 on August 29, 2019
Posted by Buygold
@ 10:28 on August 29, 2019
Yep, we’ve seen this play out for years.
It does appear that CoinGuy’s resistance level of HUI 235 will hold up for a little while at least.
No doubt the shares have a long way to go to play catch up with the metals.
Posted by deer79
@ 10:13 on August 29, 2019
Lines in the sand as of now……same tactics. Today’s menu looks like hit the PM stocks first, then cap everything else. The playbook never gets old…..
Posted by Richard640
@ 9:55 on August 29, 2019
but what stock traders don’t realize is that. trade/tariffs just. directed the focus away from financial markets real problem=debt, deficits and money printing
But bonds ain’t buying it…
Posted by ipso facto
@ 9:35 on August 29, 2019
A crackdown in HK could be really bad. Think of Tiananmen times 100.
No easy solution for Bejing … maybe just leave them alone at least until the 50 years are up.
Is it really a “rotation” when troops are coming in but none are leaving?
Posted by Richard640
@ 9:32 on August 29, 2019
are up with. stocks, the $. and rates [just barely]. is a. sign. that. there. is. a dedicated, strong. desire. by. some. big money mamagers/hedgies. to own gold…and. probably is a sign of trouble–not far. off–for the stock market…
Posted by Buygold
@ 9:15 on August 29, 2019
The Silver Beast…
Posted by treefrog
@ 9:15 on August 29, 2019
Posted by Buygold
@ 7:57 on August 29, 2019
China Makes Unexpected Concession: Will Hold Off On Trade Retaliation, US Visit Discussed
Commerce Ministry spokesman Gao Feng said during a regular briefing in Beijing that China has options to retaliate, but thinks it should discuss with Washington the possibility of removing new tariffs.
Posted by Captain Hook
@ 7:55 on August 29, 2019
4 am is when the GS boys start trading in London.
The Rothchilds and ilk like having their minions close at hand to get things rolling in the trading day.
That said, and irrespective of week/month end closes in stocks, with this mornings jam job higher (just the latest stick save), if PM’s can also close the month out strong, this could set a fire under them in September, the best month of the year for PM’s cuz the money printing gets ramped up due the seasonal slowdown summer holidays creates. (it use to be because of farmers tapping their credit lines for the harvest – still is but not as much since financialization of the economy)
Anywho, if PM’s finish strong tomorrow, it means financialization is in trouble, and a geometric progression in PM’s is likely.
So needless to say…everything is crossed.
Cheers
Posted by Richard640
@ 7:15 on August 29, 2019
If. there was any “news” at that time I haven’t seen any mention of it so far
I. did see a few times yesterday. that stocks are ignoring the trade/tariff problem…I wonder if fund managers just said “F it” wht are we gonna do with cash? Makes sense with bonds yielding nil….after the crash in 1989 in Japan the public. stayed out of stocks for 20 years…they. just. sat in one percent bonds…so the argument that there is no alternative-TINA–is. not always. valid…but for now stocks are going up…so it appears…and this is a global move…I must say…to me it appears fragile and tentative…anybody know if the volumes have been heavy for stocks?
Interesting that they can’t. get any waterfall decline going in gold and silver…good thing I got my GUSH–up 14 cent in the pre-mkt.
The. 30 yr is 1.96%
Posted by winedoc
@ 6:30 on August 29, 2019
I’m with RNO ……
Palladium has already made its move, platinum looks ripe for the picking here …….
Buy the laggard in the group ……..
Platinum carburator caps ??
Onward Pilgrims
Gold hit $2060 ish last night in CDN dollars, backed off a little over China “news” this morning. The algos have the news feeds and tweets built into their high speed programs ……. who wants to try and compete with that knowledge (and greed) ?
Morning Friends
Winedoc
PS: Kitco “sold out” 🙂
Posted by Maddog
@ 4:43 on August 29, 2019
Looks like the scum are serious today…Dow is up 300 pts….for no reason I can see.
Posted by Maddog
@ 3:51 on August 29, 2019
https://www.zerohedge.com/news/2019-08-28/chinese-troops-and-armored-trucks-enter-hk-under-pretext-planned-garrison-rotation
Gold pops to 1550, naturally…….then someone aka the scum come in and smash it back, bid the SM thru stops, Dow called 200 higher !!!! and push rates up, as if that was a perfectly normal reaction to the above news.!!!!!!!
Posted by Maya
@ 0:25 on August 29, 2019
Posted by Ororeef
@ 23:53 on August 28, 2019
On Wednesday’s broadcast of MSNBC’s “The Last Word,” host Lawrence O’Donnell retracted and apologized for a report that President Trump had received loans that were co-signed by Russian oligarchs. O’Donnell said, “Last night, on this show, I discussed information that
Posted by amals
@ 22:46 on August 28, 2019
Wow. That’s an oldie. I’ve got the same copy around here somewhere; haven’t seen it in years.
Posted by redneckokie1
@ 21:51 on August 28, 2019
Platinum was up $40. today. I own one ounce of phiz which I bought last week. It just looks cheap compared to gold and paladium. Something is going on in the world economy.
History always repeats itself but never repeats itself exactly. We now have several direct correlations to the late 1920’s. The biggest difference this time is the US Government is broke. During the 1930’s, the government had little debt so they could “prime the pump” of the economy by various public works projects.
We now appear to be at the point of money supply contraction or helicopter money. The 21st century “Teapot dome scandal” is about to unravel or will be buried forever. The ticking debt bomb is about to reset. Volatility is slowly working up to frenzy stage. Anybody notice the cattle market lately?
Be nimble my friends. There is going to be a lot of collateral damage to people who thought they had no exposure.
rno, ready for the barter system to be resurrected!
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