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Was interrupted. I think if there is no rate cuts it will be negative. If it’s a low 25 pts and expected to be more it could be negative or flat temporarily, if 50 pts and with their mindset unlikely less coerced it would be positive for the market.

I bet that’s what a lot of people are thinking. But it likely could be temporary too. Either way when the bigger drop comes it would be good to have cash on hand to buy the lows. I followed Buffett and locked in short term interest bills bought and maturing at different months Ill have a opportunity to roll over or cash out. Then of course the phyzz I keep giving away to hold for now but if something happens to me turns irrevocably theirs left where I want it to be ” I’ve been through those rodeo’s before’ so ahead of time then buying more little by little.

I assume all the stocks have been doing very good lately because of the news. Or the “rumor” that they are going lower. Remember the old saying, buy the rumor and sell the news? So are we going to get a big sell off tomorrow??

And if they don’t lower the rates, that could also start a correction. Are any of you thinking of cashing out your most recent buys while they are still in the money? That’s what I’m thinking.

Yeah it doesn’t seem normal but then things aren’t normal now driving it. It’s not just the charts it’s the fundamentals that changed. The concession from those with much knowledge that we are heading for a recession at least. Some think it will bring stagflation, one Dowd pointed out that the rising of housing costs was brought on by not just the Fed but Biden open borders and real numbers of 20 million where they were building for them and all the other money they spent on them at tax payer expense, then the delay of bringing down the increased interest rates they also delayed bringing up there will be  impending crash in housing prices needed to normalize that catastrophy will be deflationary because housing is included in the numbers. But then we have the other inflationary factors and debt so maybe it will balance out more towards a temporary recession and dollar devaluation than a outright depression. Hopefully But for now that isn’t happening yet.

Re diff large caps

Maybe that is a sign institutional money is useing the dip…..

https://www.instagram.com/p/DOotCwPEysX/?utm_source=ig_web_copy_link

1 in 2 Billion chance that he’d be involved in these events.

Pretty impressive. NEM leading the charge.

Seems like there’s a big difference in performance today between the large cap golds and most everything else.

What will the Fed do re: interest rates

Lower one half point (100%, 1 Votes)
Keep them the same (0%, 0 Votes)
Lower one quarter point (0%, 0 Votes)
Lower Three quarters of a point (0%, 0 Votes)
I don’t know (0%, 0 Votes)
Total Voters

Vote Vote!

Should the US government invest in Intel?

No (72%, 23 Votes)
Yes (16%, 5 Votes)
I don’t know (13%, 4 Votes)
Total Voters: 32

Thanks for your responses. I now have options on seeing the charts!

On a Phone !!!!!…we bugs should be useing Wall screens 20 ft or more !!!!!

Tks for the info…

in a thin mkt when the buyers may be nervous of the Fed meeting…are the sellers sure the Fed will help them….that sure wouldn’t be a first…after all the Bills from the Hamptons are now coming due….all that vintage champagne, those fancy foreign chefs, that the trophy wife was so , so keen on and just why were there so many midweek afternoon meetings needed to plan every meal, when you were at the office !!!!…..may as well get the idiot bugs to pay for’it all .

Your charts are much better for viewing on my android phone now.
There had been the sidebar covering a chunk in the middle of them for a while.

die hard bugs and In count Sprott in that camp, as are all the people in any funds….so it has to be spread funds….where do I short those funds…does anyone have any idea….

Wondering if they’re starting their correction a day early. As much as I’d like them to go up every day, we’re overdue.

Deer79 – thanks. It looks like the market thinks those results are good. My only concern with them is some tax loss selling into year end, but even so, it seems $.80 or so is good support.

Might be time to buckle up for a few days.

Sorry about the charts ….I make them fit on my screen…but I probably have a different browser and set up…..Brave running on Linux

Hopefully you have the fix….let us know if not.

I think you’re 25 basis point cut scenario is “spot on.”

The longer we don’t get a correction, the stronger the veracity of a recalibration of the Gold price, comes into play…..FWIW.

Elero came out with drill hole results for 5 holes. (I wish that these PM companies could put their drill hole results into laymen’s terms, so us Gold bugs who don’t have geological expertise, can comprehend them). From what little expertise I have, it sounds like these results have expanded and upgraded the mineralization of tin, and silver.

You can also use your “zoom” function. At 90% or so you should be able to see the whole chart.

Cheers

I don’t see how it keeps going this way. PM’s are acting like the QQQ’s have been for years, where they go up every day for weeks on end with no correction. I’m not complaining, but it’s going to take some getting used to – a new mindset.

That’s the plus side for holding physical, it’s not as tempting to sell when you have some profits.

$5 away at the moment. Looks like silver might have decided to join the party as it’s been flat for a while but is now inching back up. The dollar is faltering with the 10 yr. flat. No doubt in anticipation of a rate cut. Crypto is flat. Oil is up near 1%.

PM shares are solid premarket again.

I think anyone who’s been around the pm market as long as most of us have, must be waiting for a flush. I suspect if they cut .25, then we’ll get flushed hard, the markets won’t like it, the dollar will likely rally, and rates will actually rise. Just a hunch. How long it all lasts is beyond me. IMHO, if this doesn’t happen and pm’s continue higher, then there might be something else and much bigger going on with pm’s, maybe a revaluation? I say this because we are well past time for a pullback.

Some eco data today, the biggest is probably retail sales at 0830.

Wow I’m glad I picked up a little more silver this last weekend and half oz of gold before waiting for a pull back.  Silver even more bullish this morning. I wonder if the Fed is going to actually do a 50 pt instead of 25 nothing burger.

Right click on the chart go to “more tools”, then “magnify image”.

A manageable sized chart will pop out.

Or you can hover over the chart by holding down the right click and pressing the Ctrl button twice.

I don’t know if it’s just a problem with my computer, but is anyone else having trouble with Maddog’s charts that are too wide for the page, getting buried by the sidebar? Thanks.