Posted by Richard640
@ 9:46 on May 12, 2021
CPI–report==no sweat! the BUCK is up.331 and G&S are nicely down-Fed says it’s temporary–BOOYAH!
- The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008.
- Economists surveyed by Dow Jones had been looking for an increase of 3.6%.
- One big reason for the acceleration was base effects – at this time a year ago, the economy was hit with the worst of the Covid pandemic and inflation was unusually low.
- Federal Reserve officials see the current rise as temporary and not likely to influence policy.
Posted by Maddog
@ 9:39 on May 12, 2021
but all the gummy sharks, front running scum trading today are getting spanked…..they may have to cancel that beach side Hamptons spread and look at renting an RV…the trophy wife will not be amused.
Posted by Richard640
@ 9:32 on May 12, 2021
Nobody Wants to See This Kind of Climax–Sentiment Trader
Every time more than 95 stocks suffered a buying climax, the S&P 500 showed a loss over the next 1-2 months. There were few losses over the next 6-12 months, and they were relatively small
On Friday, nearly a third of stocks in the S&P 500 managed to hit a 52-week high on that day alone. Then it skyrocketed to a stunning 78-year high on Monday.
Monday was odd in many respects, not the least being another surge in stocks setting 52-week highs. More than 44% of S&P members notched a high in the morning, the most since 1943.
The burst of gains and push to new highs early on Monday was reversed during the session, causing a spike in the number of stocks suffering a buying climax. This is triggered when a stock hits a 52-week high then reverses to close below the prior day’s close, potentially a sign of exhaustion among buyers.
Our Backtest Engine shows that this is the 6th-largest number of climaxes in a single day since the inception of SPY.
. There were few losses over the next 6-12 months, and they were relatively small
Posted by Maddog
@ 9:29 on May 12, 2021
Posted by Maddog
@ 8:59 on May 12, 2021
https://www.zerohedge.com/economics/us-core-consumer-prices-explode-higher-fastest-pace-1981
That mkt reaction just proves that the scum bomb PM’s on every piece of data, no matter whether it is bearish or bullish….as no way do u sell PM’s on such news, as above……
Posted by Maddog
@ 8:50 on May 12, 2021
don’t know about being the smartest person in the room, more like the dumbest in the dunny.
Posted by Maddog
@ 8:45 on May 12, 2021
Posted by ipso facto
@ 8:44 on May 12, 2021
Gatling Adds Second Rig to Accelerate Program Ahead of Resource Update; Commences Metallurgical Testing to Analyze Gold Recoveries
https://finance.yahoo.com/news/gatling-adds-second-rig-accelerate-120500761.html
Roxgold Reports First Quarter 2021 Financial Results
https://finance.yahoo.com/news/roxgold-reports-first-quarter-2021-203000230.html
Vizsla Extends Napoleon to 800 Metres of Mineralization, Adds Depth, Including 3.45 Metres TW Grading 3,707 g/t AgEq
https://finance.yahoo.com/news/vizsla-extends-napoleon-800-metres-103000766.html
Troilus Expands Western Footprint of J Zone; Intersects 2.12 g/t AuEq Over 13 Metres and 1.10 g/t AuEq Over 68 Meters Within 200 Metres of Surface
https://finance.yahoo.com/news/troilus-expands-western-footprint-j-110000583.html
Parral Generates $6.3M US of Free Cash Flow for Quarter Ending March 31, 2021
https://finance.yahoo.com/news/parral-generates-6-3m-us-120000511.html
Karora Extends New Larkin Zone to Over 650 Metres with Strong Infill and Step-out Drilling, Including 7.6 g/t Gold over 5.8 Metres
https://finance.yahoo.com/news/karora-extends-larkin-zone-over-121300002.html
Kinross reports 2021 first-quarter results
Link
Osisko Reports Strong First Quarter 2021 Results
https://ceo.ca/@nasdaq/osisko-reports-strong-first-quarter-2021-results
E2GOLD Drills 18.2 G/T Gold Over 1.0 M Within 5.0 M Of 4.91 G/T Gold, 600 Metres West of Previous High-Grade Results at Hawkins
https://ceo.ca/@accesswire/e2gold-drills-182-gt-gold-over-10-m-within-50-m
New Found Gold and Eric Sprott Invest $8M with Exploits
https://ceo.ca/@thenewswire/new-found-gold-and-eric-sprott-invest-8m-with-exploits
i-80 Gold Announces Key Land Acquisition at Getchell
https://finance.yahoo.com/news/80-gold-announces-key-land-100000358.html
Posted by Maddog
@ 8:41 on May 12, 2021
looks like we have buyers below…plus they have save the SM……and that was a knee jerk reaction allround….
Posted by Maddog
@ 8:34 on May 12, 2021
Posted by Buygold
@ 7:59 on May 12, 2021
or will we get something else.
PM’s were impressive yesterday battling all the way back, not sure we can pull that off again.
Posted by Richard640
@ 7:27 on May 12, 2021
Woke insanity isn’t the only thing destroying this nation.
We have (supposedly) two factions in control, both of which worship money and power above all else. You have the insane, woke left that wants all of South America in North America and white people eliminated. Then you have the insane, conspiracy theory ridden morons on the right; low IQ members of a cult of personality too stupid to catch on to the fact that their heroes are into crony socialism. Too stupid to understand that their heroes, people like Chump, McConnell, Gaetz all have profited massively while average American citizens suffer.
Neither side of the oligarchy wants what’s best for America or its people. If it’s not utterly insane woke diversity screeching it’s non-stop shilling for the Chamber of Commerce and woke multinational corporations. There is no humanity in America anymore, just a death cult that worships fiat above all else. Corporate profit is all, the stock market a deity.
America is toast. We don’t even make our own socks and underwear. We are imbeciles that have allowed an oligarchy that resembles the bolsheviks to reign supreme for decades and now it seems that no one has the strength to do what needs be done. That’s what happens when you allow parasites to take from the host body for too long.
Posted by Maya
@ 2:40 on May 12, 2021
Posted by ipso facto
@ 23:51 on May 11, 2021
Posted by treefrog
@ 22:51 on May 11, 2021
…if some nogoodnik hackers can shut down colonial pipeline and throw the east coast into panic…
what’s to stop somebody else from doing the same with the power grid?
the natural gas pipelines?
the stock market?
the internet?
other?
i hope i didn’t curdle everyone’s evening.
Posted by silverngold
@ 20:47 on May 11, 2021
Posted by Richard640
@ 16:23 on May 11, 2021
These are ZH readers comments:
You mean a selloff like March 2020 that took a whopping 4 months to recover on the way to even more all time highs?
Keep preaching, I guess eventually the sky will fall, but probably not.
The PPT can fend off the correction, aggravate the bears for a little while, but really, all they’re going to do is provide better entry points. At least, they’d better hope that’s all they do. If we don’t get a meaningful correction here, somewhere south of NDX 12K, we’re going to see an exhaustion collapse over the summer. Monthly index charts are all freaking parabolic; weeklies too, mostly. What goes up…
You may have missed my point. The Fed is already pushing on a string. The charts are broken, and the “algos” read charts just like we do. The Fed will have little choice but to stand aside from any meaningful selling; again, only pulling a BOJ, buying stonks directly and in broad daylight, would be able to stop any drawdowns from happening.
Have you not been watching intraday action? The up volume is a lot less than the down volume, but these giant up moves keep happening on that low volume
.
2 hours ago
Posted by Maddog
@ 16:11 on May 11, 2021
As others have said…..if Trump was still President, it wouldn’t be happening….but as of now it will only get worse, with that idiot Obummer running the show.
Posted by Buygold
@ 16:05 on May 11, 2021
Maddog – how much of a bummer would it be if gold finally took off and then Armageddon happened.
I honestly don’t think there will ever be peace in the Middle East. It’s just not in their nature.
Posted by Maddog
@ 15:23 on May 11, 2021
Posted by Buygold
@ 15:18 on May 11, 2021
I’m hoping this is a repeat of 2001 where stocks went down and pm shares went up.
Two decades later it would be about time.
Posted by Buygold
@ 14:33 on May 11, 2021
You really hold Rubino in that high of regard?
I do think Sam Zell is a smart cookie but usually when Rubino gets Uber bullish, I’m looking for an immediate drop in pm’s.
Let’s hope Zell is on the mark, I highly doubt he’s looking for $11K gold.
Posted by ipso facto
@ 13:21 on May 11, 2021
Posted by Richard640
@ 13:07 on May 11, 2021
One of the smartest guys I know says==Gold projects to $11,000 and silver to as high as $500 over the next two years-
John Rubino WRITES=
It seems Sam Zell knows what to do. Who is Sam Zell? Rubino says, “Well, Sam Zell is one of the biggest real estate investors in the world. The guy has a history of being right at the big turning points…”
” He will build a massive commercial real estate empire with billions and billions of dollars of offices and shopping malls and stuff like that. Then towards the end of the cycle, he will start selling. He will basically get out at the peak of the market. Then the market tanks, and he buys back in. So, he’s a really good indicator of where the economy is going because he has such a history of being right. So, now, the guy is buying gold. I think this is the first time I have ever heard of him doing that. He usually just sells his real estate and goes to cash. Now, he’s selling out of some of his real estate, and instead of putting it into a bank, he’s bCAPT. HOOuying gold with it. This is a good sign from a smart guy…This guy is right so frequently, the fact that he is buying gold is a really good gold buying signal.”
Rubino goes on to warn, “I think the next stage in the market psychology is when people figure out there is no adult supervision left in these markets…”
” Daddy is not going to come home and fix this. We are at the point where there are no solutions,and that’s when things spin out of control…
The Mad Max scenario is the extreme end of the spectrum of possibilities, but there can be political and financial chaos where something like the Great Depression or something like the Weimar Germany hyperinflation becomes a real possibility…
This is beyond the ability of any individual to fix. We can’t save the system.”
https://www.zerohedge.com/markets/daddy-not-coming-home-fix-john-rubino-fears-mad-max-scenario-ahead
Posted by Buygold
@ 12:41 on May 11, 2021
Yeah, they’re a corrupt bunch just like the CME on our side of the pond.
I’m pleased with the way silver is acting today and really surprised. Usually our pm sector sells off with the stock market. I agree with you, the SM might be in for a bit of a deeper correction than most think. Tech led the market up and now it’s leading it down, although it has come back a bit today.
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