Loading ...S&P, Dow, and Nasdac all have reverse point wave down formations. Just waiting for sell executions.
rno
Maya
Wow. Great pic.
I know there’s an ole $200,000 to $500,000 VXX/VIX/TVIX trade out there…and I’m gonna keep tracking it..like I done with Big Foot
Finally, we note that the S&P is now as “top heavy” as it was during the dot com bubble: the five biggest stocks (AAPL, MSFT, GOOGL, FB and AMZN) account for 16.5% of the S&P’s market cap, the most since 1999.
And don’t forget, it’s not the fun-durr-mentals, central bank liquidity is all that matters…
Trade accordingly.
Palladium
Presently 1 oz price 1987.1
Buygold
Had the usual early knock down, to stop any bullish momentum building and since then just weakness in shares and a slow rally in metals…..but the rest of the world is happy, as another set of all time Hi’s for the SM,…so all is well.
But I wonder how the SM will be come the election, surely it can’t keep going like this for another 11 months !!!!
Weird day
Shares weak but not horrible. Volume weak in the shares too.
Silver looks good, gold OK, so what is the share weakness? Last minute tax loss selling? NEM is weak but is near a 52 week high-so no tax losses there.
Got a feeling the HUI is going to bust through 235 and never look back, maybe even before the end of the year.
Something just doesn’t smell right.
Buygold
Fire that bastard! 🙂
I can’t help but think that 2020 will be very good for us. Could be some kind of mental flaw, we’ll see.
Ipso – Our Santa Claus?
It appears he may be out rounding up some coal for the stockings.
Friendly reminder. Whenever ZH starts posting stuff like Zoltan and uber rich hoarding gold, and the potential of the financial world collapsing, you can bet gold is going nowhere – at best.
I guess other than MUX, I’m glad everything isn’t getting crushed.
Ag trying 17.00 and Nem under the cosh
Whatever is happening in the Repo mkt, the scum are busy beavers in PM’s….
Buygold @ 9:50
Where’s our Santa Claus?
Selling Bonds and the USD
Buying stocks? I guess the Christmas rally has begun.
Equinox Gold and Leagold Mining Combine to Create a Premier Americas Gold Producer
VANCOUVER, Dec. 16, 2019 /CNW/ – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold”) and Leagold Mining Corporation (TSX: LMC, OTCQX: LMCNF) (“Leagold”) have entered into a definitive agreement (the “Arrangement Agreement”) to combine in an at-market merger (the “Transaction”), creating one of the world’s top gold producing companies operating entirely in the Americas. The combined entity will continue as Equinox Gold and be headquartered in Vancouver, Canada.
https://ceo.ca/@newswire/equinox-gold-and-leagold-mining-combine-to-create-a
A good sign. Let it flow let it flow let it flow
Yamana Gold Announces a Further 25% Dividend Increase and Establishes a New Dividend Policy to Ensure the Sustainability of Dividends
https://finance.yahoo.com/news/yamana-gold-announces-further-25-123010991.html
Looks like Harry Dent has changed his tune. What happened to his gold $800 prediction he had for many years? He’s been so wrong he should just shut up.
To make it quick: He’s seeing high probability signals that both gold and silver are bottoming out right now and heading higher again into 2020, maybe as late as the fall. How high? Say 80%. That’s Adam O’Dell territory. Only Adam can find short-term probabilities like that!
That’s serious, but the good news? The smart money is already buying the beaten-down mining stocks, so gold and silver should be next to run and look to already be starting with a minimum target of $1,720 on gold, maybe even $1,900. This also has implications for Treasury bond yields continuing to rise a bit which will be good for locking in that safe haven play in 2020 when we finally see stock peak.
https://economyandmarkets.com/markets/gold/golds-big-bottom/
Day 1 of the Repocalypse
Appears the Fed has managed to keep Zoltan’s end of the world at bay.
Generally I guess when things are as well known as predictions like his and mentioned on CNBS, they aren’t going to happen.
It made for interesting hope though, and at least pm’s aren’t yet getting spanked on a Monday am.
Bottom line: after Pozsar’s apocalyptic forecast prompted the Fed to unleash a liquidity tsunami, fears about an imminent seizure in the repo market have faded, with BofA’s Cabana now writing that “overall, the Fed’s guiding hand should make market participants comfortable not to fear material repo stress around the mid-Dec corporate tax date and to believe any year-end funding pressures should be relatively short lived.”
Still, as Skyrm cautions, “there is still one major phantom year-end risk looming around the market. If the Fed’s term RP operations fully fund the Primary Dealer bank balance sheets and the banks cannot increase their balance sheets further, the last few Fed operations of the month might not have any takers. There is a chance there will be little Primary Dealer bank balance sheet left by year-end.”
In any case, when looking at tomorrow’s massive $100 billion liquidity drain, the repo market should be able to digest it without a spike in the G/C repo rate now that the Fed has effectively backstopped any and all year-end liquidity needs. If, however, the first repo prints come in elevated: at 2% or higher, it will mean that not even the Fed’s half a trillion dollar liquidity injection was enough, and that Pozsar’s fire and brimstone forecast is starting to come true.
aguilla @ 0:35
I am only using India as an example and US dollar prices as a common denominator. The gist of that example is simply that Comex gold prices cannot stray too far from physical demand price without major ramifications. Nor am I saying that gold is not manipulated…just that Comex is not the right place to even try to accomplish that goal.
Samb @2053
That sounds great on paper but this is not the first week or the first year or the first decade that the price of gold is higher in india than on the comex. I’m not trying to piss in the cornflakes but it has been a long long day and a long week for me so am just saying what I think without being blatantly negative.