Loading ...Here u see the massive Inverted Head & Shoulders, that shows how bullish Junior oil stox are…is AI the reason…it could well be .
Catching a break with the QQQ’s
coming back. nice little squeeze if they can bring the QQQ’s all the way back. Surely won’t hurt us.
Be nice if we could finish the week with strength. The overbought condition has been relieved.
A deeper look at Gold/shares ratio
but daily shows only a back test of break out…..maybe we go straight up.
Gotta nip it in the bud
illuminatibot
@iluminatibot
·
Aug 19
Let me tell you the plan:
1. Cash is replaced with central bank digital currency
2. It will be stored in a digital wallet you access with your digital ID
3. The state has full control over what you spend your money on
4. Personal carbon tracking on your purchases
Captain Hook @ 11:07
Sounds good! This little pause in the HUI was very damaging for my midgets. I’m ready for a new upleg!
Cheers
Buygold @ 11:05
Maybe it’s just time for us to turn. INDU being flat and Nasdaq getting beaten up is interesting. The SM just doesn’t know what to do! 🙂
ipso facto @ 10:29
You are getting your wish … the Dow / Gold Ratio may have hit an important top yesterday …
… and the fact silver is outperforming gold … with stocks getting creamed … means the physical market is in tight supply … this is very unusual …
Good looking head and shoulders pattern on the Gold / Silver Ratio tracing out … looks unstoppable … don’t get too bearish on stocks/liquidity is the message.
Mornin all
Ipso – could be
Course Bitcoin has been on a bull run since its inception. I’m with you, I don’t understand it or trust it, but enough of these kids do and the field keeps getting bigger. Until the lights go off.
I am stunned by how well we’re doing with the SM in trouble today. Especially with the dollar sort of flat and rates only down 2 bips.
I guess the only question is whether we maintain enough volume to thwart the perma-sell algo’s.
Buygold … just ran into this one. I have no opinion.
AO
@AO_btc_analyst
#BITCOIN IS READY FOR A HUGE BULL RUN.
The macro indicator has just crossed bullish !!!
Bring back caning, road gangs for these thieves!
Wall Street Apes
@WallStreetApes
Public records request shows taxpayers have been funding million of dollars worth of luxury purchases for Arizona schools staff
“Apple iPhones — smart big screen TVs, luxury clothing, lingerie, corsets and maternity wear, gift cards, airline tickets, resorts, gasoline purchases, Omaha steaks and even dog food — We also found roughly $3 million in purchases from Costco, Amazon and Best Buy. There was no discretion.”
Superintendent told his staff to automatically approve any requests under $2,000, no questions asked
Additional items include diamond rings, broadway shows, resorts and fancy dinners
Buygold @ 10:21
Sure would be nice to see a turnaround after our yesterday’s beatdown. Knock on wood. I lost 3.5% yesterday Yikes!
RE: crypto. I don’t really trust it and haven’t been following too closely. I’m sure that if I ever invested in it it would immediately fall like a stone! 🙂
This would be very dangerous and foolish IMO
NOW – White House Press Secretary Leavitt does not rule out deploying U.S. Airmen and aircraft to Ukraine, deferring to Trump’s comments on supporting Ukraine “with things by air.”
Morning Ipso
I thought they were going to strip us of all the gains this morning with the QQQ’s getting hammered, but we’re putting up a fight.
Love to see some of that cash come out of tech and into the pm sector. Why shouldn’t it?
Interesting that crypto isn’t getting any play the last few days.
Yep
“Better to die on a pile of brass than on your knees, piteously begging some blue-haired commissar for mercy.”
What Is The Democrats’ Endgame?
Here they come
gunning for silver.
No way they let us off easy with tech getting smacked around.
Hopefully tech will right itself some.
Would be nice if we gained back what we lost yesterday in the shares
Sure ain’t happening yet …
Shares a little tentative
Not crazy about the action here at the open.
We have end of month and Jackson Hole next week to battle, we could use a couple good days of rally.
Goldie – agree
The day traders have to be loving moves like this, if they’re on the right side of the trade.
Silver battling for $37.50.
AI accelerating the re-ordering of institutions
I have grave concerns about AI. It seems completely out of control.
I don’t know if you have heard of the theory of the Fourth Turning – major changes which supposedly have been happening every 80 years or so.
This article lays out some of the potential positives of AI in dismantling the existing institutional structures.
Buygold
This sideways and small changes that don’t break out of resistance and support or follow through is a day traders haven right now
SLV pop’s positive
No idea if it will hold but good to see it show some life with gold getting back yesterday’s losses.
Never know.
edit: Looks like the Crimex is experiencing a bit of a short squeeze.
Maddog 4:42
Nothing isn’t always as it seems. Planning today as you would the future. I agree oil will be needed today and the future but will AI be as we expect like they though during the Dot.com. bubble or will China take it over like everything else. So many young could be making a big mistake putting their eggs in one basket and forget about it if they move away from diversity and caution into a few AI stocks even crypto if got in later and could get wiped out overnight in a crash and possibly over time in global competition, especially if they are focusing more on what some celebrity is doing or some narrative going around instead of the economy and state of affairs and what president they’re voting for best suited to deal with it not make it worse
Rough around the edges
We lost $37 silver overnight but are trying to re-take it. Going to be an uphill battle though. Gold is bouncing back a bit, almost as much as it lost yesterday. I have to think there’s a buyer just under $3300 that is willing to take everything, they’ve stopped every break below $3300 for nearly two months now.
The rest of the market is pretty flat, dollar, rates, SM etc. Oil is trying to bounce, up 1%. The crypto base is also trying, Bitcoin is up .81%. Both moves are suspect IMHO.
PM shares are flat, not responding to the 1% drop in silver yet. They’ll probably hammer them at the open, and then we’ll see.
No eco data of importance. Atlanta Fed is the biggest from what I can see. Not likely to move us.
Aufever – Well said
Agree. Especially when you mention the enormity of the job at hand. The corruption in permanent D.C. is so entrenched and pervasive that it’s going to take more than just this one administration to root it out, but they are accomplishing a lot.
Arrests are an absolute necessity though, and that is the standard that I will hold them to. Because if they don’t prosecute these high-level criminals inside .gov, then they’ll resurface as soon as their side takes power, and it will be a bloodbath.
Those folks that are black-pilled live life thinking everyone is corrupt and in on the game. I don’t believe that all are corrupt. I look at what Tulsi Gabbard and RFK Jr. have done, and they are heroes the likes of which this country hasn’t seen in decades.
These algo-driven YouTube feeds just keep sending whoever watches a video more of the same stuff. After a while, that’s all that pops up on the feed. It’s a black-pill overdose.
Here’s an idea
AI is all the talk…..consequently any stock involved has gone ape….except Oil stocks….Energy demand is going to be massive….the fastest and best source is Hydrocarbons…..ie ‘Earle….the Oil stock majors pay a nice dividend, to keep u warm while u wait for the run up and the juniors are cheap, especially the frackers as oil flirts with $ 60…..once Oil moves well away from $ 60 , they could motor.