Loading ...Re scum…..u gimme the bomb I will shove it where it needs to go……!!!!!!
Re GLD…the BoE is only a custodian, it has no Gold to sell to GLD, so if GLD is getting Gold from them it belongs to someone else already!!!!!
Again we only recover somewhat….when the SM does
maybe the scum have a problem, as to knock PM’s hard they have to trigger Algo’s that trade off the SM, so they sell PM stox….but which will maybe buy PM’s when the SM rally’s.
re GLD continues to source gold at the Bank of England
This is way too long to read, authors should get to the point quicker. I read just a little, and my bottom line thought is the Banks are HOARDING free and plentiful gold bars, paid for by GLD share buyers.
Why? Because the Fed Note system is worn out. The Dopey/Dollar lost 95% of its purchasing power and a needed reversal to restore high purchasing power for EACH new dollar, a gold backing will need to return.
And they won’t need to confiscate private owned gold. Plus the people will turn it in gladly at $5,000 per ounce and get the new gold backed dollars capable of buying new cars for $1,000 each. And 10 cent coffee, and 5 cent newspapers, and 2 cent stamps.
The future looks great, but forget about the trip to get there first. We are seeing part of that now.
Maddog – makes sense
They sure tried to waterfall us but so far the metals have held off a big slam – surprising. Once silver got rolling downhill I thought it was all over for the day but even silver has regained some upside.
USD still can’t get off the floor in any meaningful way.
Buygold
I think they sell the shares to tip off their mates and for their own book, then when well short, they unload on the metals for the Fed…….they do the Fed trading, so they know the patterns etc.and the scum don’t care at what price anything is done, just that the mkt is weak etc.
Mutiny in Mali?
BAMAKO, Aug 18 (Reuters) – Gunfire was heard on Tuesday at an army base outside Mali’s capital Bamako in what diplomatic and security sources said was a mutiny, though it was not immediately clear how many soldiers were involved. Unconfirmed rumours that the mutineers had arrested President Ibrahim Boubacar Keita swept Bamako, prompting hundreds of anti-government protesters to pour into a central square to celebrate and say it was time for him to resign.
The president’s office could not be reached for comment.
“Yes, mutiny. The military has taken up arms,” a security source said.
standard scum attack, to make sure the 2nd day is as crap as possible…all who bought ystdy must now be crushed.
First hour job done…closes on lows…so no day trader will even think of going long.
Well Maddog
What is amazing is that the sellers always seem to know to sell the shares in advance of the metals falling.
Looks like they may try to ram the USD back up.
Ugly reversal in silver.
Maddog @ 9:32
LOL I think it must be in the “Little Red Book!” 🙂
It’s absolutely ridiculous. If you have lived in CA are you now their tax slave?
Au rammed back below $ 2000
Welcome Warren to being made a fool off by yr own government.
Morning Maddog
Yeah, shares are iffy coming out of the gates and have pretty much been in sell mode since the open.
Have to see what that means for the metals as the day goes on.
Not sure $2K should really be a big battle point. USD getting peppered again. Still has no legs aside from an occasional bounce.
Silver $28.45, $1,000 Face Value Junk Silver Coins $23,580, Contain 715 Ounces, Means $32.97 Per Ounce Is What You Have To Pay Versus Phony Spot
Geez even plain old Silver Bars are $36-$38 Per Ounce.
https://www.apmex.com/category/25490/engelhard-silver-bars.
American Silver Eagles?? Geez even they are $36- $37/oz. Even in a bulk 500 oz monster box its $36.84/oz.
https://www.apmex.com/category/22110/silver-american-eagle-coins
Bottom Line: Spot Prices Are Not Reality re Silver
ipsofacto
Re next ten years…..where did they dig him up from …..Mao’s back yard !!!!!!!
Part of the new CA tax plan ….. I think what this means is that people who are moderately rich, who are not the initial targets of this plan better be packing their bags now.
Knowing about the huge outbound migration from California, Cavuto asked what would happen to wealthy people who move out of state. Bonta said tax “avoidance” would not be allowed as California would tax them for the next ten years, despite what state they live in. Bonta said that because they accrued the wealth in California, the state can continue to legally tax it.
California Dems’ Wealth Tax Follows People Who Move Out of the State
ALL ABOARD !
The train is leaving the STATION…GOLD will be 500 miles before the DAY is DONE !
Not Shabby
QMX Gold Reports 6.48 g/t Au Over 73.2 Metres Within Current Pit Shell and Demonstrates Significant Depth Potential Intersecting 35.56 g/t Au Over 4.0 M at Depth at Bonnefond
https://finance.yahoo.com/news/qmx-gold-reports-6-48-103000830.html
redneckokie1
E wave will drive u nuts sometimes, but when it fits it can give some real insight. I use close only charts, it really only works on the SM averages, from which it was created….Commodities and Forex so far do not have the ever expanding price range that the SM averages have, so the rules cannot apply.
I too knew someone who spoke to Prechters no 2 regularly, he traded the SM off 1 minute charts useing e-wave, though he ran on cigarettes and whisky, being a Scotsman.,He was always looking for THE top…….but the cigs and whisky got him first.
Follow thru
$2K and that resistance at $27.50 silver seem to have been pushed aside in the overnights.
Good on us for sticking this out
