Loading ...For some reason or another, Pot stocks are breaking out from EXTREME lows. For example, ACB+60%, TGODF+40%, HEXO+37%,MNEFF+29%, OGI+9%, APHA+7%, CRON+6%, CGC+5%.
Onslaught #2
This time all Crimex…
GLD just popped back green again
for a minute any way.
Let’s see what the HUI does in response.
Ipso
HUI bounced off 290, hoping that becomes support, although support is something that doesn’t usually hold in our small manipulated market.
Let’s see if we can get some dip buyers or short covering to come in and reverse things to the upside, at least we’re not seeing wave after wave of selling like we have in the past, and silver is still above $17
Buygold @ 9:41
We’re under the cosh now. Effers!
Yep … although it has little to do with Covid19
Researchers say market manipulation is destroying traditional safe havens
The University of Sussex Business School released an analysis stating that widespread market turmoil caused by the covid-19 pandemic means regulators have so much on their plates right now that large-scale manipulation of the markets remains below their radar.
In the view of the researchers behind the study, this is the reason why prices of safe-haven assets such as gold and bitcoin are not surging.
By tracking trades on the markets in recent months, a team at the University’s CryptoMarketRisk project noticed huge sell orders on gold futures, massive pump and dump on copper futures and large spoofing orders on key crypto exchanges.
They say that some single trades on COMEX have been so large as to move prices, which is a clear contravention of US laws on market abuse.
Glad I held on to my EXK. To be re evaluated when they get overbought. IF
Skeena flying today … also Pure Gold Mining
Seen this movie one too many times
Doesn’t look like scum will allow $17 silver to stand.
Hard to see the shares holding up if this continues.
Globalization and Financialization Are Dead, and so Is Everything That Depended on Them
May 15, 2020—Charles Hughs
Financialization was never sustainable, and neither was the destructive globalization it enabled.
All the happy-story analogies to past pandemics being mere bumps in the road miss the mark. A popular claim is that the 1918-1919 flu pandemic killed millions but no biggie, the Roaring 20s started the following year. It’s onward and upward, baby, once we toss the masks.
Wrong. Completely, totally, dead wrong. The drivers of the past 75 years of growth– globalization and financialization–are dead, and so is everything that depended on them for “growth”. (Growth is in quotes because once external costs and currency arbitrage are factored in, most of what’s been glorified as “growth” is nothing but losses covered by accounting trickery.)
Here’s what’s poorly understood: globalization and financialization die when they stop expanding. Just as a shark dies if it stops swimming forward, globalization and financialization die once they stop expanding, because their viability depends on expansion.
Globalization and financialization have been losing momentum for years.Under the guise of “opening markets,” globalization has stripmined every economy that can’t print a reserve currency and hollowed out economies globally as only globally competitive sectors survive globalization. The net result is that once vibrant, diversified economies have been reduced to fragile monocultures completely dependent on global flows of capital and spending for their survival.
Financialization was never sustainable, and neither was the destructive globalization it enabled. Any system that depended on the ever-expanding exploitation of new resources, debtors and markets could never be anything but fragile. The ferociousness of its rapacity masked its inherent weakness, a weakness that is now exposed as fatal.
https://www.oftwominds.com/blogmay20/globalization-dead5-20.html
Happy Victoria Day
TSX closed today
morning buygold
Mkts have been bid all night and during Europe….so who other than the scum come and sell like this….just so blatant in in yr face..
What is also so insane, is the losses they are carrying are truly monstrous…who authorises that spending of taxpayer money ?????
scum selling all bids on crimex open
the idea of 3 good days is total anethma….
Morning Maddog
Yep – scum has arrived, just before the Crimex open.
Was hoping we wouldn’t have to see more days like this, but here we are again.
I guess a round number of $1750 is round enough.
For the record
Moderna Spikes 20%, Dow Futs Soar On Promising Early COVID Vaccine Trial Data
“The researchers found that at two lower dose levels used in the study, levels of antibodies found after getting a second booster shot of the vaccine either equaled or exceeded the levels of antibodies found in patients who had recovered from the virus.”
https://www.zerohedge.com/markets/moderna-shares-spike-20-promising-early-trial-data
Here comes the scum
note how they leave Oil alone….why.
Economist David Rosenberg
I found the one thing that is more “pure fantasy” than the V-shaped recovery! The UMich survey shows that Americans, in May, are more comfortable over their future Social Security benefits than ever before. It would be funny if it weren’t so sad.
Gold is facing a Panic Cycle this week which will begin a period of high volatility
[high vol? up? down? He is not talking about just gold but mkts in general…anyone care to interpret what the “Great CRyptic Swami” is saying?]
Gold & Its Role
Gold is facing a Panic Cycle this week which will begin a period of high volatility into June. We have closed with the highest weekly settlement so far for this rally. We see technical resistance at 1768 level and system resistance at the 1799-1805 level. Gold is starting to show that there is a great concern for the monetary system’s survival. I have previously warned that a summer high as possible going into May with a pullback into June/July. The next high period of volatility will be Jan/Feb 2021. A May close above this 1755 level will point to a June High at minimum. We still show the 2nd quarter as the high or at least the highest quarterly closing. Keep in mind we are doing battle with a Socialist coalition. They will not allow people to turn to gold to defeat their grand plan. There remains the risk of pushing gold underground into a black-market.
Sent from my iPhone
Well shux
Is this follow thru sustainable?
or are we going to see what we’ve seen so many times before, a strong open that reverses and disappoints and marks some kind of short term high?
Nonetheless, it’s exciting to see silver up another 4% and at least premarket the shares seem to believe.
R640
I think the SM is a euphoria rally on talk of Vaccine, end of lockdowns etc…..reality may hit later.