Loading ...and rising… headed into the home stretch… party time?
Nothing to buy…so here ya go gang…
I. dunno if this. is exactly. “YOOGE”-LOL—but I think it’s a big deal
I was in my car at about 3:10 and a big time analyst was on Bloomberg. Keep in my. he is. not some gold bug cheer leader…he said that with. the PMI. today and the new tariffs this changes the FED from a few “insurance cuts” mode to a full “easing cycle” mode…no question. about. it!
They asked him about the jobs report. He said. today renders the report. inconsequential—he said “it’s stale news” already
I think I heard. him say he is looking for 85,000 jobs tomorrow. The tariifs. today will shave 3 points off the next. GDP
If. he’s right about that, it gives a green light to PMs
Also, IMO, that oil is down a mind boggling $4.30 and stocks down a lot. & the $ red. yet gold is up $15 off a huge down opening…that strikes me as very bullish for PMs…as always, fingers crossed—we don’t want to get too smug…
Maddog
yeah, don’t know how they do it but they seem to scare the shorts into covering their SM shorts into the close on a daily basis.
The scum has their hands full trying to keep the 2% rule in force today. They might get it done but it’s a struggle.
I still think there’s more going on here than meets the eye. Whether Fed, rate cuts, tariffs or whatever.
Buygold
Yup I noticed that we hit the 2 % level……so that means no real short covering, if they are defending 2 %…
Just imagine the size of the short possy, it must be telephone numbers, but they are long the SM as well, in size and the Dollar..which suddenly ain’t looking too clever, have we seen peak dollar ?????
Oh oh !!!….hear comes the Hail Mary trade in the SM etc. Au back at 2 %..ain’t that funny.
Volume picking up
into the close and it appears for once there’s a lot of buying coming in.
It may not matter what the jobs numbers are tomorrow.
Who would have thought?
Happy Hour
ATH in Canadian
Onward Pilgrims
Winedoc
Maddog
Scum better dig in here or gold could break the 2% rule.
Palladium down 6.5% – yikes.
Better lucky than good.
I wasn’t expecting JNUG to take off today so I was watching SQQQ. I bought it just off the lows of the day so I don’t feel to badly about today. Maybe I will catch a small break to get back in JNUG but it looks very strong.
rno
Maddog
That’s Trump playing 6-D chess right?
He’s going to force Powell to cut interest rates by crashing the SM…LOL 🙂
NEM still underperforming but this is awesome considering the USD isn’t really down that much.
Buygold
Re Nem u may get yr wish……massive liquidation going on all over the place ….look at Oil and the Yen !!!!!!!
Did the scum see what is bid below 1400 and are they now trying to get out???????
I love whipsaw action
I hurts the smart guys and people that think they can game stocks
ZH saying it’s new tariffs on China
Trump hitting China with new tariff’s crashing yields 10 yr. down to 1.91%
USD getting hit nicely.
I knew this was about more than just the Fed.
BAM!!!
C’MON SILVER!!!!
Did Powell piss himself?
Richard640
Every little dip in gold is being bought!
Warms me cockles!
Maddog–IPSO-Buygold–I. think the only thing that’s preventing G&S from going green is. the jobs report
The consensus is 155K–but even 170-180K may be nullified by todays PMI report…but if it’s 155 or less then I think G&S will be a done deal to the. upside… todays dip buyers confirm that there is still tremendous interest in getting exposure to PMs…there is no question that fund pros are way underweight the sector…
The end is nigh, brother, the end is nigh!
World markets are like a pie crust stretched across the roof of a volcano!
Fu Manchu is about to pull the lever to the trap door!
Warbucks signals the trusty Punjab to cut the cords of the rope bridge!
Grease the skids! Happy tobogganing!
Maddog
Yes. This behavior is way different. We’ve also seen plenty of days when the SM has soared and pm’s have done nothing or been down.
I’d love to see silver come all the way back today and see those bastards get squeezed. SLV is only $.05 away from even. Shares are anticipating it.
Hell, if NEM could even catch a bid of 2% the HUI would be back to where it was yesterday to start the day.
