Posted by Buygold
@ 16:42 on October 29, 2024
Yeah, I think you’re spot on, the Fed came into that market today. Bonds don’t trade like that, up, down, up, down. Fed likely saw a big seller in there that was going to drive rates through the roof, so much so that they had to intervene at least twice.
One thing though, there are a lot of dollar long, short bond positions that have been put on in the last weeks. They may be ripe for fleecing, that was a pretty good reversal today. I guess it depends on who is doing all the selling and how much they’ve got to dump.
This was a nice, unexpected rally today. Except for NEM, things looked pretty decent. Should be on our way to $2800 soon and then $3K, especially if rates and the dollar are topping right here, the dollar chart is strong but way overbought, although gold is also getting overbought as well. Better volume in GLD and SLV today, good to see on an up move.
Posted by Mr.Copper
@ 16:09 on October 29, 2024
Posted by Mr.Copper
@ 16:07 on October 29, 2024
Because I was satisfied with the profit, and saw the chart below, sporting a high-volume day today.
https://schrts.co/CgcyiBhi
Posted by Maddog
@ 16:06 on October 29, 2024
Who were the buyers…….u were, via Mr Powell !!!!!
Posted by goldielocks
@ 15:47 on October 29, 2024
Looked into it along with her current treatment for contradictions.
Taking nattokinase along with medications that also slow blood clotting might increase the risk of bruising and bleeding. Post surgical heparin is an anticoagulant.
.A friend told me about nattokinase mode is by dissolving fibrogen. enough for me to know so FYI. Always pause and check.
Another form of a alternative though in preventing clots.
Posted by Mr.Copper
@ 15:43 on October 29, 2024
Manufacturing a product is the birth of all wealth. Food, fuel, metals, consumer products etc. Everything else lives off products. For example sales and service of products. To GET money. Manufacturing came first, then came the electronics and everything else.
Unfortunately, our alleged gov’t gave away all the wealth creating tax paying jobs off shore, and stuck us with all the wealth absorbing and tax absorbing work. All we did was create the prototypes, and gave away the production jobs.
Let China et all do the engineering and prototypes and give the USA the production runs.
Posted by deer79
@ 15:32 on October 29, 2024
I don’t know the specifics of who the buyers were.
Again, quoting from the ZH article that posted the story:
Indirects(?) awarded 72.0 (up from 70.8) and above the six auction average of 70.3
And Directs awarded 20.6%, up from 20.3% in September and the highest since April. Dealers were left with just 7.5% of the allotment, the lowest since January 2023.
It makes me very suspicious, just as the 10y was trading at 4.34%- the highest since July- and was set to spike on even a
hint of an ugly auction. Instead, the yield promptly tumbled about 4bps after the auction results were announced, which
in turn sparked a new wave of stock buying, and so on.
Posted by eeos
@ 15:05 on October 29, 2024
I’m all in. I like Tesla, I like SpaceX, I like mass storage batteries, I like beating the Big 3 to a pulp. I like defeating unions. I like robotics and rockets. I’m a technocrat and can see right through any leader. I want scientist to rule the world, not a bunch of bozo politicians. I’m 53, been around long enough to see things for what they are. I understand the younger generations believe in bitcoin, democraps, and fake news. I know lots of people say Musk has invented nothing, and I say this is pure noise. I feel so glad Elon decided to come to the USA, Joe Biden is a complete moron for saying he was an illegal alien. Joe knows everything about illegal aliens, they effing came in by the millions. Even Bezos knows she’s gonna lose, that’s why he’s sucking up to Trump with the Washington Post not endorsing her. He knows the game is up and doesn’t want to be on the wrong side of the trade and public opinion. He wants the status quote to stay put. His BO rockets aren’t as good either, I call this guy the nothing sandwich. A bunch of big buildings, empty and a few rocket parts. Space X is the polar opposite, best innovators in the world. Say what you want about Starlink, all I know is that it’s a very important military tool. That’s all the govy cares about. Dropping bombs. Musk is risking it all, far more than Bezos. He’s not an ordinary man, but very smart. He changes his mind. He freely speaks, He talks about subject matter I’ve NEVER heard Billionaires cover. Props to this man, he’s as important to the U.S. as any founding father. Amen. If they kill Musk, you’ll see Americans by the millions leave the US. It will be an illegal invasion from the south. We’ll be packing up everything and joining Canada.

Follow the money, you will see the most invested in Obama 3.0 have the most to lose.

Posted by silverngold
@ 14:47 on October 29, 2024
I agree that the stuff he presents is interesting, but for the most part what “X” presents is already known or suspected, so unimportant if it becomes even more exposed now. What I see is he is also putting up all the 5G low orbit surveillance satellites as quickly as possible to blanket the globe, so when the 2030 agenda hits…that is “You’ll own nothing and you’ll be happy”… he will have all those surveillance satellites in place for the one world digital monetary and control system. Elon presents so many of these short distraction “X” videos and info there is no time for people to look at or think about the other larger and more important things that are being done with the “magician’s” other hand. FWIW
Posted by Mr.Copper
@ 14:40 on October 29, 2024
Posted by deer79
@ 14:22 on October 29, 2024
sold $44 billion in 7Y paper in what was a stellar auction.
The auction stopped at a high yield of 4.215%, 54bps higher than the 3.668% last month, and the highest since June, but more importantly, it was below the When Issued which traded at 4.235% at 1PM. As a result, the auction stopped through by 2bps, the biggest stop through Jan 2023
Looks like the Plunge Protection Team is in there in bonds………
Posted by Mr.Copper
@ 14:09 on October 29, 2024
Posted by ipso facto
@ 13:48 on October 29, 2024
“I read it’s a social influence fake news channel”
I don’t know that. A lot of the articles are right on IMO. I try to keep a discerning eye over all the info I see and hear anyways. Seems to be a deception virus going around!
I haven’t had a subway sandwich for many years. Seems like the last one I had should have been called the “lettuce sandwich!”
Cheers
PS X is great! Thank you Elon!
Posted by eeos
@ 13:05 on October 29, 2024
I read it’s a social influence fake news channel. I don’t know if it’s true, but I do like X (Twitter) for the straight scoop in general. It allows people to weigh in on lies and misinformation, where editors just want to push an agenda and have nothing real to contribute. I do think Elon squashed the leftist at Twitter. We call Subway Sani’s salt sandwiches, high blood pressure missiles. Enough salt for me in one 12″ for a couple days.
Posted by ipso facto
@ 12:06 on October 29, 2024
Posted by Buygold
@ 11:49 on October 29, 2024
Yeah, NEM not looking good. Shares in general haven’t looked good today with only a few exceptions. Makes me wonder if these metals will hold their gains into the close.
AEM comes out with earnings tomorrow after the close. They might set a better tone for the sector.
Posted by Buygold
@ 11:45 on October 29, 2024
Something is not kosher in the bond market. If anyone here watches financial news, I wonder if they have anything to say about it.
The fact that the metals are up at all today surprises me, unless there is something breaking that we’re unaware of. This can’t be comfortable for a lot of bondholders. Selling is relentless.
I think we can bet that when Trump wins they will crash the economy in addition to whatever else they’re planning to disrupt. The Fed has to go.
I really wonder if we’re not already beyond repair.
Posted by Maddog
@ 11:30 on October 29, 2024
Someone is really dumping Bonds/Notes…..they cannot hold any kind of rally….I was dead wrong thinking a bottom might have been reached ystdy….todays action is just awfull….that sudden rally early on has just been flattened….
Posted by adogsbody
@ 11:20 on October 29, 2024
Looking to go negative on a $20 up day?
Blimey
Dog
Posted by Buygold
@ 10:49 on October 29, 2024
Hopefully when some other earnings come out from the other large caps things will clear up.
We really haven’t had many days that were more than plus 1% in gold the whole way up
Posted by treefrog
@ 10:45 on October 29, 2024
bumping up against $34.50 (again)
Posted by Maddog
@ 10:24 on October 29, 2024
and now looks like we hit selling at 1 % up in Au…..
Posted by Buygold
@ 10:24 on October 29, 2024
Maybe things will make sense by the close.
Maddog – Trump made the statement that pedo Joe and Kamala were just puppets getting their strings pulled by a much more powerful group of what he called “radical leftists.” He’s mentioned globalists in the past as well. Pretty clear their aim is destroy the western culture. Which would also mean economies and currencies.
Posted by Maddog
@ 10:04 on October 29, 2024
Re Europe
I can confirm that the economies in western Europe are indeed in deep shiite, even the power house Germany is suffering really badly….meanwhile a number of the Eastern ones Hungary, Slovakia etc are doing ok……why the Western ones are Schwab/EU devotees and all the warnings they got about the idiot ideas etc are ignored….they are riddled with regulations, energy prices are sky high, tks to Nut Zero and employment laws a nightmare …the EU has as so many said it would ..wrecked the joint.
Posted by Buygold
@ 9:58 on October 29, 2024
Could be. This isn’t normal action at all for whatever the reason is.
Pretty volatile in our little market. They try to slap the pm shares down to give the illusion that everything is normal. Maybe I’m reading too much into it.