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FWIW
The algo has Silver and Gold moving in lockstep today.
And RSI is 24.5 for Silver, and 27.2 for Gold.
Moment of truth?
10 yr above the deadly number now at 4.53%
PM shares look about sold out, maybe ready to bounce before the next leg down?
They’ve been ridiculously undervalued during the entire run. Even more now.
@ ipso facto re The Art Of Losing
The author forget about all the phony climate change rules. They give us lots of unneeded expenses, plus tax breaks, and they haven’t worked at all to control the weather.
Near 18 year high
Barchart
@Barchart
30-Year Treasury Yield jumps to 4.89%, sitting near the highest levels of the last 18 years ??
Seems like
Price Action makes market commentary.
D’oh!
HARVARD BARGAINS WITH TRUMP ADMINISTRATION AND LOSES ANOTHER $450 MILLION IN FEDERAL GRANTS (The Daily Signal)
DAILY CALLER NEWS FOUNDATION—Harvard University President Alan Garber sent a letter to Secretary of Education Linda McMahon Monday asking for the ability to address issues on campus, such as antisemitism and discrimination, without federal oversight, prompting the Trump administration to revoke additional grants from the school Tuesday.
Buygold @ 9:54
You want to hope gold gets smashed down to the 200-day moving average – which should be about 2850ish by next month.
This will test the large round number at $3000 – which should clear any remaining bullish sentiment – not that much exists in the public.
This is when silver should start to outperform. And the smaller shares should begin to pick up – with the good ones skyrocketing into next year.
At least that’s the plan Stan if history is a good guide.
You want to see gold bounce off the 200-day MA.
That’s the key – a perfect correction/test.
Cheers
Buygold
Buygold I’m not up to charting gold right now too many variables and have things going on myself so I checked in with Third eye.
Remember things could change on a dime but this is the possibility to watch. Google a flag and falling bull wedge chart, to draw out support resistance lines.
6:54am- Gold will bottom and reverse upwards soon. Currently back-testing its 34-day and forming what may turn out to be a flag/falling bull wedge.
Seems about time for this SM to take a breath as well
10 yr. at 4.49% flashing “danger”
I didn’t think NVDA would get all the way back into the $130’s from the $90 area, but the criminals got caught short and they had to unwind.
Just once
I’d like to see an epic comeback in this sector. Not sure there’s ever been one.
Although the Captain is probably right, it looks like they are exiting for the summer at least.
Birch gold has an analyst with big expectations for the July BRICS meeting and expects a big fall for the dollar. I have a harder time seeing how they can get the dollar to fall without backing a BRICS currency in some manner. They seem just as addicted to fiat as we are. I thought they were already backing major trade deals with gold among the BRICS countries, but I don’t know.
Whatever mon’ 🙂
Ipso
You’d think judges would have good judgement. They’re making a mockery of the civil rights era. She should be impeached.
Captain Hook @ 9:42
There may be many zig zags but I’m not too worried. We are in the right sector for the long term. Getting upset about temporary declines is only for people who trade short term. Now if we go down 3 or 400 bucks I will be a tad concerned. 
goldielocks @ 9:40
She should be prosecuted to the full extent of the law. Arrogance is a dangerous thing!
ipso facto @ 9:21
I did warn about this.
Looks like the official prop desks intend to drive stocks as high as possible before the treasury refunding begins in earnest during the third quarter.
That’s when a bid should come back into the sector – especially if the refunding does not go well.
The fact the BRICS meeting is set for July is no coincidence in my thinking – as they are undoubtedly trying to make things as difficult as possible for an overly confident Western Alliance breaking apart at an accelerating rate.
If Daddy Warbucks begins to have real fun in July – the third quarter could be fun for PMs if US rates remain high – bringing a bid back into PMs.
I’m sure that’s the BRICS plan – Treasury’s plan is a little more up in the air in my opinion.
Looks like they want to keep all the bubbles inflating right through like nothing is happening.
No problem – just hang out in Jamaica man – light one up – and nobody will notice a thing.
Chuckle
Ipso
That judge seems like a sheltered goodie two shoes hanging around the wrong crowd. If he a violent criminal would of got away and went home and killed his wife who wanted a restraining order for violence it would of been her fault. I’m glad it didn’t happen or any other crimes they should hold these judges accountable with aiding and abetting.
Buygold @ 9:19
I’m grokking!
LOL
Federal Grand Jury Indicts Wisconsin Judge Accused Of Helping Illegal Immigrant Evade ICE
Milwaukee County Circuit Judge Hannah Dugan was indicted by a federal grand jury on May 13, after being arrested and accused of helping an illegal immigrant evade Immigration and Customs Enforcement (ICE) last month.
Deer79, Ipso
Deer – I hear you. Back to the old days virtually overnight. I guess the warning sign was yesterday when the shares couldn’t manage to bounce but as always this happened very quickly. Despite the rally of the last year the pm sector still sucks.
Ipso – I heard that Mike Walz was spying on the Trump admin for BiBi and got caught which is why he was removed. Trump is done with Nuttyahoo. Problem for Trump is Nutty still has many in the Pentagon doing his bidding.
Israel is not our friend sorry to say.
Yes Indeedy
Federal Judge Says Trump’s Invocation Of Alien Enemies Act Was Legal
A federal judge in Pennsylvania has said that President Donald Trump validly invoked the Alien Enemies Act in March as part of an effort to deport Venezuelan gang members.
More specifically, U.S. District Judge Stephanie Haines held that the gang – Tren de Aragua (TdA) – was engaging in the type of “predatory incursion” that the Alien Enemies Act mentions.
https://www.zerohedge.com/political/federal-judge-says-trumps-invocation-alien-enemies-act-was-legal
Maya
Lol You got the best of both worlds. I never thought of Hawaii as being in the boondocks. I thought of it as more of a oasis. Lol Yes I know the kind of doctors your talking about and those patients that got air lifted out were the lucky ones because I’m sure there were many others especially over 60 that should of been that weren’t because they wouldn’t of couldn’t help them and left to suffer and die.
I’m glad they are going away but in the mainland they’re shipping them in and you don’t know what your gonna get. The good ones will get filled up fast. Mainly by word of mouth or online reviews by the patients because they know they can’t trust the hospitals insider type. Now because of that some patients won’t say anything protecting their nest so to speak. Since he’s a specialist you could write a good review.
A friend of mine from another state T-boned in a accident they did a good job on her hip surgery but her bone died so had to have a hip replacement. All that time she had a secondary injury on the back of her lower leg not even treated or bandaged. It started to fester for a long time. Then I asked her to describe the wound. What she was describing for one wasn’t a scab it was eschar. I explained to her I’m short that it will kill everything beneath it and get deeper and deeper. They gave her a antibiotic ointment to put on it but that’s like putting ointment on leather. I told her besides so close to her bone she could also get septic and they may not even know where it’s coming from. Luckily she finally went to a wound clinic and said it was eschar and they removed it right away and she had a deep hole in her leg. They didn’t wound vac it after removing all the dead tissue but packed it so now she has her leg and life but a deep indent. We talked about maybe a flower tattoo or something but sometimes they don’t take in that area. Anyways as long as I could hold out I was happy for the ones who got away or while working could help. That was my new attitude when CMT starts damaging the nerves in the lower extremities and then to the hands. The level of damage is different and there are different types. I apparently got the late stage, it gets progressively worse and no cure. I figured out where it stops it when the sudden severe pain starts to go away then moved to my hands and lower arms. Sudden cold was a trigger so it affected me swimming in cold water but found I could handle it with wet suit. I decided not to quit smoking because if I should wind up bed bound so to do each where I can’t do much for myself I won’t want to live anymore and trying to time it but you just can’t get that right while trying to figure out how to work that out with God who wants us to hold out to the very end but to me that is the very end. I don’t know if that will happen. It just can’t be determined. There are some braces that you can walk without having something to hold on to when it starts to reach that level but they were 14000 dollars and decided I’m cool with that. Some people are resentful of others who are free or doing better, they’re A holes. I’m just the opposite. Kinda a like a alter ego watching a football game.
Buygold @ 16:40 re: Bibi
Looks like Bibi was trying to manipulate Trump into jointly attacking Iran. Trump didn’t like that much. Trump is a practical guy, he doesn’t want war. Stepping back from being Israel’s puppet is a great move for us!
D’oh! I thought everyone wanted to eat bugs?
London, Ont. cricket plant ordered into receivership amid $41M debt bill to creditor
A lot better things in life
…than to sit around and watch these 20 something year olds conduct their endless spoofing games…..
I’m done.