Nice trades……I agree re Waves, they can be real barstewards at times…they certainly caught me out this time.
Race to the bottom
Oil up, rates up 4 bips to 5.2%, SM down modestly. Nasdaq faring worse but less than 1%
The dollar is flat.
None of this is much different than what we’ve seen from day to day, yet pm’s are getting obliterated worse than every other asset class by a wide margin, it’s not even close. Gold down over 3%, silver over 5%.
It makes very little sense, but I guess it never does. Throw your charts in the trash, they have been useless for years, unless you’re looking for breakouts to sell. Every breakout is sold, every time.
I got no cheerios to post, so I won’t until there something better to post about. Could be a long wait. 🙂
Goldielocks, thanks for the “comeback”. That’s why I often play the Gambler Song, and also why I don’t play/trade in the Casino.
I have not made a trade in years (that is, I have sold nothing). I am a “buy and hold” investor. I only own three miners/explorers with proven resources that are located in “friendly” locations like the USA and Canada. This pullback, IMO, is exactly that; a correction that is close to an end and is ready to move quickly back up, but even if it takes more time before it happens, I’ll gamble that the world is in a lot of pain right now which should be good for PM’s…..and the currencies of the world are all basically worthless and are going to be forced into something I believe to be even more worthless (crypto’s), and I expect it to be a very volatile period in front of us while this happens. I have no advice for anyone else except this: Don’t listen to anyone else except yourself. Make your own investment decisions based on what you believe to be the right thing to do. If you sell your shares and those shares go up without you, blame yourself….and if you hold your shares and everything goes down, blame your self. Only a very small part of the stock market is based on real tangible assets. All the rest is unbacked and worthless Derivatives/ETF’s/etc. just waiting (IMO) to disappear when/if the “lights go out”. Do what I call being true to yourself. SNG
At least they’ve tackled some wasteful spending
just stop adding wars that are your to it. More money rescinded from being handed out.
maybe ground zero
Even before college or some sports particularly targeting the girls.
http://youtube.com/post/UgkxQjlWFAFHdrXY-GwDBSvO2UEzlCkfHdc_?si=_–vam6nKRbecvzR
Good call aurum
Looks like we get to take yet another tour through pm hell.
Garbage will be garbage.
A lot of earthquakes along the ring of fire especially up near Alaska and the pacific northwest. Nothing too big, but very active.
sng
yes it’s confusing when you said you got out. We know you didn’t but there are people out there I talked to that don’t have all that much money to spare or can’t afford to lose what they have that holds things together and what they have they want to hold on to. Reading confusing posts don’t help them if the stumble on this site.
At the same time holding on to their money is not keeping up with inflation which I see as theft because that money their printing is not going to us, it’s being stuffed in a refrigerator in Ukraine and a thousand other places being thrown away by basically organized crime via politics and crony capitalism making empty shells out of countries not just ours and throwing everything away everything good people worked and fought for basically by retards with keys to the cash but we already know that. I can’t see till posted what I’m typing because this page shrinks and hard to move around it gets stuck on a phone.
goldielocks @ 20:16 ….I think I am probably often misunderstood, but I don’t know what you are referring to in your post??????????
I think in the past ~10 years I’ve consistently said “get Phyz”, and as times got more confusing I’ve said DIVERSIFY! I think the way a person diversifies is at his/her own discretion but the objective of diversification is to spread your risk into as many areas as possible, knowing that some will be losers and some will be winners and in the end you will come out okay.
Sorry if I have said something that was/is confusing or sounded conflicting….SNG
FB
Watching a video from the UK of a Muslim migrant telling them this is their land under his God not theirs. He tells him he better not come here and say that and what each southern state will do to him.
https://www.facebook.com/reel/1100475799041841/?mibextid=rS40aB7S9Ucbxw6v
From the mouths of babes looking on the bright side of things with a temperent and honest father.
There’s a video out there of a small child asking his father for ice cream..The father said he can’t because he doesn’t have the money because he’s broke. The child said someone broke your money! That he needs to go to the hospital to fix it and they’ll take his money too
Armstrong
Put a new video out to save all the recap we already know said the dollar is not gonna fail till 2032. I hope people aren’t being rounded up to that date.
I seem to remember someone posting something about him saying gold hitting 5000 by 2012. When he made his new site he did not carry anything over from his old site. But if that’s true he was off by about 14 years. I don’t know if everybody else is copying him or came up with around the same doomsday numbers themselves without explaning why it will happen then. The market also likes to price things in early. Plus now they let a one person assassin come in get through the so called safety alarms of selling of going short too much too fast and can bring the whole sector down in not just one day but in a few hours without accountability. Then we have market makers nickel and diming people regularly when it’s down by dropping down taking out all the stop losses then letting it climb back up and do it all over again. It’s worse than a casino it’s electronically changed to take other people’s money without accountability.
The only reason the equities are a little better off is because 401Ks. IRAs and institutions are in them. Zero regulations or protection for the Gold or Silver stocks. They equities get propped up like a diversion for political reasons where the metals are reminders of the rea situation they’re in the government is broke and in debt so who knows if they’re involved or not.
So Aurum is right if there’s no clear direction and every gain gets sold it’s not a safe place to park your money less its not as volitile and pays reliable dividends or they’ll move to treasuries or CDs into the broke system and till it doesn’t.
sng
dude you should think about getting a money manager case you forget cuz that’s not what you said.
sng
Do you no longer hold anymore Dolly Varden/ Contango?
This IMO is no longer a stock market since year 2000, Personal Computers, and on-line Brokers. It is a Casino for gamblers to lose their life savings.
Better to just get SNG Phyz and enjoy life! Then, instead of going to the gym and working out, maybe help a farmer harvest his crops and work your way back to health. That is what I did today, harvesting Chestnuts, and after a few hours of that, I know I’ve done something….but to be honest, there is an older lady also doing this who is 5 years my senior, and there is no way I can keep up with her as she approaches age 90. Give it a try. I do it for free at this organic farm, and also at a friends cattle ranch when they need help….and I still enjoy coming home tired, eating a great homecooked meal, enjoy a couple shows, sleep soundly through the night, and do it all again the next day, starting usually before 6AM. Try it, you may like it! It’s my SNG life, helping others in these tough END TIMES!
More
I should explain that I struggle more with wave counts than in the past. This could be because of my age or because waves are based on human emotions and very little trading is done nowadays by humans.
aurum
🍷
PM’s
The two charts are below. In some ways even those look toppy. I might sell either or both at any time.
I do think there is a spectacular rally ahead. Only a question of where it starts from.
aurum

ipso buygold
I haven’t looked into the reasons they have over the booster seats which at first I thought when they couldn’t get any stupider they do that. But then I think of all the special needs kids and thanks to vaccines but other reasons. For instance one could no longer ride the special needs bus because she could get out of her seat belt then start walking around the bus when it was in traffic. . The school had to have a driver pick her up and have a person sit in the back seat with her to keep her seat belt on to keep her in the car or she would of opened the door while the driver was driving. It was behavioral but at the same time lack of awareness she could be injured or killed. She was born post mortem when her mother died before she was born. Her father went back to Mexico leaving her here.
Then other special needs physical reasons. Other than that I can only see another reason to get more money off people with fines and possibly what there up to but wonder why it stops at a certain age if it’s about special needs and safety.
Aurum
That might be the scariest, worst news I’ve heard in a while, because you’ll probably be right. I guess we already got our 1 good year in the decade last year.
The there’s this premium article on ZH
A goldilocks economy/SM would be the biggest surprise of all. Maybe not a goldilocks SM, because it only goes up.
Goldman Says ‘Don’t Wait For The Midterms’: Stagflation’s Priced, Goldilocks Is Coming
Wilson sees three key reasons why the upside opportunity in equities into year-end is becoming increasingly clear..
A couple articles caught my eye this weekend (besides Ipso’s article on CA. booster seats – yikes :)
First this: wondering when this would kick in. The M.E. war zone is going to get crowded.
Saudi, Turkish, Pakistani Military Chiefs To Hold Urgent Meeting Over Yemen War
“The Mecca Pact’s first real test, being framed around the Houthis rather than Israel, sits awkwardly with the Islamic-solidarity language the pact was sold on.”
Then this: it appears the Senate is more interested in protecting refinery profits than bringing down the cost of diesel here at home. So typical.
Diesel Export Ban Off The Table? Ted Cruz Relays White House Assurances To Refinery Heads
To ban, or not to ban?
aurum
May I ask which two you kept?
PM stocks
Last week I closed all but two of my pm stock positions. I did this strictly because of the risk. I had good gains in most. The more I looked at the charts the more I realized I have no idea which path is likely – that the correction is over and we are starting a new move up or that the correction has just begun. If the latter the targets can be quite ugly and so I became worried about risk.
I may end up chasing sold positions higher or have dodged a bullet.
aurum
ferrett
One message he sent was not only is there a God you don’t need to spend your life fearing death or end times less you fear your in a lot of trouble or be distracted by it. Kidding aside maybe fear as a child would fear a parent if they did something wrong but not like that of a tyrant. That he has his own laws, from.a time out a fine to a misdemeanor or felony as abomination. If your aware or not also. That you can go on enjoying your life continue to learn as well as the fruits of your labor as you mentioned and what ever purpose you were given. He is the light not the darkness.
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