Loading ...I agree, no buyers. Also the best performers have the biggest drops and the best rebounds.
Mr. Copper – last thing
There’s no volume in the shares or the metal ETF’s.
This is just computers taking advantage of a lack of buying. A lot of B.S. going on.
Buygold Roger Those
I think the regulars market is dragging us down. They are expensive and worthless imo. We are still cheap.
Reg stocks: https://finviz.com/futures_charts.ashx?t=INDICES&p=d
AU n AG https://finviz.com/futures_charts.ashx?t=METALS&p=d
Silver $SILVER | SharpCharts | StockCharts.com
Mr. Copper – one good thing
Bitcoin is getting monkey hammered again for 5%. It’s still $86K overvalued but at least gold is outperforming it for a change.
Where are all the billionaires that were calling for $2 million Bitcoin?
When the big boys pull the plug on crypto it’s going to be a bloodbath. As usual, the little guys will get crushed.
Mr. Copper – I don’t know
The move down in the shares is just ridiculous with gold still above $4K and silver $50.
I guess getting pulled down with the broad market some, but I suspect it’s something more sinister. I’d say the word is probably out among the scum that the metals are about to get flushed big time and the folks with the inside knowledge are frontrunning it by selling the shares.
I mean the HUI is down 5% with the DOW down less than 1% and the QQQ’s less than 2%. That doesn’t make a lot of sense to me with gold down $10?
The whole sector has looked a lot like the old days for the last month. My best guess is that the metals will get slammed into the weekend and the shares (HUI) will probably re-test the recent lows.
Geez, gold is now up $5 while I’ve typed, and the HUI is still down 4%.
Non-sensical.
@Buygold
What are you thinking today. Are we dropping temporally sympathizing with the DOW dn 118 and Nasdaq 100 dn 245?
GS says gold to hit $4900 in 2026
Mark
@Mark_IKN
·
21h
I’ll often slate Vampire Squid, but in this case 👇 don’t underestimate what it means. U$4,900/oz screams “reversed engineered target” designed to appeal to its audience (“hey look, 20% upside!!”). GS has just given deep pocketed generalists peer approval to accumulate gold at 4k
Hopeful
Visegrád 24
@visegrad24
BREAKING:
Financial Times confirms Axios’ reporting about a new Russia-Ukraine peace deal proposal being in the works between Russia & USA.
Demands on Ukraine
– Cut its Army in half
– Give up certain weapons
– Hand over the rest of the Donetsk region held by Ukraine now
Sounds like the Biden system. We know how that worked!
Wall Street Apes
@WallStreetApes
Canada Border Security says because they are short staffed, illegals are no longer required to be screened before entry
Illegals simply enter Canada, click a couple boxes on their phone and they are officially “refugees”
“In essence, to speed things up because we are short-staffed, we’re allowing people into the country without first doing that security screening? — So basically, they take out their phone, theoretically, and they tap it a few times, and they are now in the country as a refugee accepted by our country?”
“Yes. We get some basic data from them, and again, we do the biometrics. Beyond that, they’re doing that on their own, yes.”
Captain Hook @ 9:54
Sounds pretty solid. LOL! I think that guy’s puts are going to do just fine.
Cheers
Not too rosy
Peter St Onge, Ph.D.
@profstonge
·
2h
Foreclosures spike 20%. Car loan delinquencies soar 50% — worse than 2008.
And nearly half of Americans can’t pay their bills.
ipso facto @ 19:03
Another take on NVidia’s lies …
A negative close would be sweet.
Cheers
perfectly orchestrated day
….for the scum. Take Gold down some $36-37 pre-market ( fully knowing that stock futures were going to scream higher), so when Gold does rally, it rallies back to unchanged on the day, and the stock market opens up some 500 points.
That perpetuates the perception!!
Doomberg Gold Revaluation, commodities, no peak oil, oil energy and the effects on economies, politics can make or break due to bias or incompetence,
Interesting take on what timeline EU will no longer exist which all the analysts speak of , that likely after war ends in Ukraine. So does that mean Germany’s self appointed leaders want war as a hoax to gain more time to hold on to power while continuing their so called policy’s ruining these countries in everyway possible by destroying industries by destroying energy, farming and food production, depleting balance sheets for war in Ukraine and open borders, to continue to exist themselves because of their economic and sovereign mismanagement to sabotage at the expense of everyone else in the EU and beyond? When they finally get rid of these said criminals I hope they change to a system that votes for representatives of their people instead of appointed by their enemies.
Put the spurs in!
“GPUs Are Sold Out”: Nvidia Soars After Blowing Away Results, Projections
I’m sure all the theft isn’t helping or trying to bring in woke with kids lines of trans cloth or letting men in their women’s bathrooms not even dressed trans just having to say they are.
I have their subscription that’s not doing me any good right now not using it but this is free news. I don’t short individual companies or want a margin account.
Target’s Earnings Continue To Decline; A Bankruptcy Filing By 2030-2031 Is Likely
This is Porter’s Daily Journal, a free e-letter from Porter & Co. that provides unfiltered insights on markets, the economy, and life to help readers become better investors
My next big short… Target is the new Kmart… This is not a temporary dip… Target’s brand and business model are now permanently impaired… What happens next… A warning on the economy… Nvidia reports earnings tonight…
Maddog, yes, breakouts across the board.
And they are supposed to be finding half a trillion (dollars, not yen!) to ‘invest’ in America. Three years ago interest rates were 0.1% on the tens. Six years ago the rate was -0.25%. Now 1.772%. Six years ago the yield on the 30s was 0.141%. Now 3.346%. That’s a 2,373% increase in yield. And the suggestions back in July were that Japan was already in recession before the tariffs.
Things seem to be turning down in America too. Of course, my outlook for the USA might be biased due to my reliance on ZH for the news, but with the tens remaining stubbornly above 4% in spite of all the jawboning and rate cuts off the table there and in Oz the outlook for increasing rates in those countries seems more likely than lower. Delinquencies and car loan defaults rising in the US. Our housing market is still on steroids though, with solid gains every month and everyone driving a new car except us. Mind you, nobody here either knows about the headwinds in the US, or would care if they did.
Trying to work out what will happen in Oz is probably not too difficult. If rates are rising in the ROW, then eventually they must here too, or the currency will collapse as we have huge personal borrowings with a significant international element, and our govt. debt is infinitely higher than 20 years ago. If rates rise, what happens to the housing market? We have a genuine shortage of housing, to own or rent, due to massive migration. So house prices can’t collapse due to a fall in demand; it will have to be a debt liquidation when people can’t pay the mortgage or the rent, by which I mean the bank/landlord forces people out, and sell the house for less than it was ‘worth’ (but it still pays off the outstanding mortgage) or rents at a lower price for cashflow. What is difficult is the timing. As I say, it’s still a very gung-ho environment for housing.
{edit six hours later Japanese tens at 1.825%}
Bitcoin down 4.68%! Under 90K now. Where’s the bottom?
Store of value? Sheesh
deer79 @ 14:27
Wow! That’s pretty good when a short seller takes a long position! Thanks! 🙂
Ipso re. Snowline
I saw a story where a famous short seller ( Muddy Waters’ founder Carson Block) came out at the Sohn Conference in London. He basically said that he has taken a long position because he feels that the company is undervalued compared to the price of Gold, and that the company has taken a conservative view of its own growth projections.
The volume is @ 10x what it’s normal daily volume is, so perhaps he’s convinced some of his followers to jump on board!
deer79 @ 12:00
Nope that’s not until the 28th … this would be too early for a December contract.
Metals Futures First Notice Dates – Barchart.com
The big thing that is happening right now is the NVDA earnings could trigger a larger sell-off … which will take the PMs with them for a week or so … at least that is what I think with CME futures in both gold and silver so low.
Metals Daily Exchange Volume & Open Interest – CME Group
In the old days … before the cabal went too far in terms of bashing everybody’s brains in with the tech pump and PMs dump … traders/the public were terminally bullish PMs (like with tech now) … which is a large part of the reason PMs would get killed on pullbacks (because idiot perma-bulls would dump their shares and contracts) … but now the situation has flipped and is not likely to reverse until PMs push much higher … so you buy the dips … where one is coming now courtesy of the tech rout being signaled by bitcon.
Lookout below … but the pullback in PMs should be relatively shallow and only last a week (if that).
Cheers all
Captain
Isn’t tomorrow first delivery day for the month??
Another potential reason for these blatant manipulations; to get the metals back to more manageable “levels?”
And to potentially influence some who are thinking of taking delivery, that it’s not such a good idea…..
US dollar
Is the tool of the day for the scum.
I wouldn’t have thought this. Surveillance State …
hackerbot
@thehackerb0t
·
Nov 7
Fun Fact: The NSA has more employees than the FBI and CIA combined.