Loading ...This is a day where we need to see the HUI up 5-10% to confirm the nice move up in the metals.
I have to think a huge rally in the shares can’t be too far off if gold and silver continue to be strong can you?
Maddog @ 3:29 re: Brexit
What a disaster! Bad scene when many of the politicians aren’t working for the good of their constituents. I can see why so many of the populace are pissed off!
Good luck!
Morning R6
Yeah it’s a Teflon SM nothing seems to stick. AMZN fumbles, INTC scores – Nasdaq futures up a bit – go figure.
On the other hand I’m looking at silver up 2% this am and gold up a few bucks and thinking if we can hold our a gains an entire day we’d actually have some follow thru from yesterday.
Stunning turn of events, especially if gold manages to close the week above $1500.
“NATO would be far stronger, and better-equipped, to deal with its adversaries if it did not have to contend with a fifth columnist state like Turkey operating within its ranks…”
Buygold–I also. thought stocks. would log a black friday causa amazon–it’s 5:22.am. and.
the market is. unfazed…we. should. all prey that. the system holds together…or we’ll be tortured for. 4 years. with president. warren. and. a. democrat. congress
Looks. like stocks. are. going. nowhere but up…and. it looks. like. all the big, scary H&S tops on the. PM stocks/ETFs. are about. to be. blown out of. the water
Ipsofacto
Brexit is an epic mess…..essentially it seems none of the established parties want it done properly, not even Johnston and his tories, the deal he is pushing is as bad as May’s was.
Meanwhile u have enough pro EU tories along with Labour and other parties, to get small majorities against everything that the tories propose….So we go round in circles.
To have an election, before 2022 u have to have a 2/3rds majority in the 650 member House of Commons and none of the scum want to lose their jobs, …….so they play games.
It seems that the EU has bought enough people all over the establishment, to control us, whether it be politicians, Courts or bureaucrats.
We need to elect a clean hands parliament, of untainted people, like the Brexit party, to drain the swamp…..but whether we will be that brave is a tall order….what is happening though, is the longer the farce continues, the more that looks likely.
Silver Train
The Coast Starlight detours on
the Tehachapi Loop. The railroad name for
this siding is “Walong”, a chinese name
given by the labor who built it…
meaning “Coiled Dragon”.
https://railpictures.net/photo/710129/
Buygold @ 8:39
Ye Gods! She almost makes Hillary look good. 🙁
More on Tesla
Investors betting against Tesla collectively lose more than $1 billion on Thursday as the company’s stock headed for its best day since 2013.
“Short sellers are, as Elon Musk stated earlier in the year, ‘feeling the burn,’” writes Ihor Dusaniwsky, managing director at S3.
yeah!
“a 4th wave bullish hesitation.”
Yeah, i like the sound of that too. nuanced for the technical sophisticate – robust but sensitive.
if it’s bullish, it means we go up. i like that.
This is interesting. I guess you could call it pathetic.
Chicago’s Unsolved Homicide Rate
While many factors play into the epidemic of gun violence in Chicago, the lack of effective policing is a key culprit. When former Mayor Rahm Emanuel was in office, he enacted reforms to police procedures that made it far more difficult for law enforcement to solve and prevent crime.
In 1991, Chicago’s police department had an arrest rate of 67% in murder cases. In 2018, that number plummeted to a mere 17%. This means that for 83% of homicides, the murderer is getting away with the crime. To put this in perspective, the national arrest rate for murder is 61%.
There can be no question that this dismal arrest rate contributes to the problem. When criminals know that it is unlikely they will ever be arrested or convicted of a crime, they have no reason to obey the law or restrain themselves. Furthermore, the individuals committing these homicides go on to more violent acts.
https://www.zerohedge.com/political/harrowing-facts-chicago-homicide
Maddog
“a 4th wave bullish hesitation.”
That sounds a lot better to me!
Hey …. How’s the Brexit situation going? Every time I look something else is happening. Would a “NO Deal Brexit” be the best thing for GB?
Buygold
Tough to know really where we’re at, being outsiders … but the economic machine is creaking and groaning and smelling like a seized up disaster is on the way. Sooner rather than later methinks.
Ipsofacto
R the H&S’ being left…..I’d say the right shoulders are too large for any decent symmetry, the action looks to be more of a 4th wave bullish hesitation.
Hey Ipso
Little drift lower in the metals but the shares are finally showing some signs of life. Not all of them, but most.
Would be great if we finally bottomed and could avoid tax loss selling into the end of the year.
Have to think breaking above $1500 with silver strong is a good sign, follow thru tomorrow would be really helpful.
Amazing to me we’re having a good day with rates and the USD up a little. OTOH, how could gold not be up when the Fed is dumping QE like crazy people?
Are the gold and HUI’s head and shoulders formations being left in the dust?
Pretty solid day for us.
Gold and silver
Gold and silver are breaking above all the short term moving averages. JNUG is sitting on the 20 day simple moving average.
rno
Buygold @ 9:47
Got my fingers crossed. Not looking so bad now.
Oct 24-Reuters- Global banks, funds call for more capital from derivatives clearinghouses
NEW YORK (Reuters) – Four global banks and five big fund managers called on international regulators on Thursday to require for-profit derivatives clearinghouses to put up more of their own capital to protect against cascading losses that could rock the world financial system.
Members of the group, including Citigroup Inc, (C.N) JPMorgan Chase & Co (JPM.N) and BlackRock Inc (BLK.N), published their views to try to shift in their favor prolonged policy debates over how clearinghouses should be fortified.
Regulators put clearinghouses at the center of trading in over-the-counter credit derivatives and interest rate swaps after the 2008 financial crisis. But the regulators have yet to agree on detailed protocols for shoring up, or safely winding down, clearinghouses wounded by customer defaults.
Buygold
$134 Billion in freshly printed computer entries – so easy.
Ain’t that the truth….scary.
Ipso, Maddog
Looks like a little early morning pop. Wonder if they’ll let it last past the first half hour? I suspect the shares will tell the story.
Maddog – sorry to drop that pic on ya, but definitely will wake you up if you’re feeling drowsy. 🙂
$134 Billion in freshly printed computer entries – so easy.