The Houthis do the bidding of Iran so attacks from there on SA are are in effect attacks by Iran
Drb2
I think the market makers can see your stops. Mental stops are best if you can hang around and watch them. Nevertheless they know the stops are there. Gen 7 to 10 percent which they just took out with more active traders and maybe a bit lower for longs. Generally it can be beneficial if your still on the green or profit and it goes much lower. The problem with the metal stocks is they play games to nickel and dime them all the way down. You can’t even trust break outs or turn it into fake outs. They break out the bring it down to stop them out then continue up. That’s where you have to watch out be ready to get back in. They’re just not like normal stocks. It’s a den of thieves.
Or you could wait after the break out for a back test and if it heads back up that’s when you buy and save yourself the trouble or buy a little at the low then add to it after the back test. Buy a short on the back test to hedge if it hit your stop loss mental or set and if it’s a back test sell the short when it bounces off and holds and continues up. But to have a better picture watch fundamentals plus as they say your 6, the dollar. Ocassionaly they can go up together but they’re going up. A pain in the ask especially if your time zone is hours behind the open and your watching early trading.
drb2
“the PM market leaves many scars”
You got that right!
End of the Rainbow stuff :-)
Graddhy – Commodities TA+Cycles
@graddhybpc
Been saying for many years that capital is now rotating into commodities.
Been posting e.g. these historical big ratio chart turns, plus their breakouts, in real-time.
The commodities bull is end of rainbow stuff.
And, down the road, commodities will be the only game in town.
@ Goldi RE: your ‘Don’t shoot the messenger’ question – ‘keep our stop loses in place?”
Almost without fail, EVERY time i have put on a Stop, I have ended up losing the position forever or buying it back at a higher price.
I swear that the Scum must be able to see our Stops and their strategy is spook us into setting stops so that they can scoop them up right before they jump higher.
I think we are approaching the end game and now is not the time to lose one’s position.
OTOH – I have told myself this many times before – the PM market leaves many scars 😊
Continued with Bonds
Quagmire
The Fed is doing QE they’re just not announcing it. What they’re getting back in mortgage backed securities they’re not putting it back but taking that money and putting it in treasuries. The reason why the long term bonds can move up because of housing loans vs future inflation. It’s a gamble. Long term since the debt never gets paid QEs still QE
Don’t shoot the messenger video
Had to say that first. Fundamentally I can only see the PMs moving up over the years but will it move as fast short term as HIGH as the perma bulls claim and under what changing fundamental catylist short term. Should we stay alert and keep our stop loses in.place or risk a trap.
A look at US dollar TA shorter term. This was early July. It did move higher but failed and headed down. Seems safe for now but needs to be watched.
Giving some back
Not too surprising given the magnitude of the move higher the last few days.
Rates and oil higher again, dollar flat.
I guess we’ll find out if this was another bull trap, or we’re just letting some air out.
Comedians on why Trump is so funny.
Adult comedy
Armstrong 22:26
The problem I have with Armstrong wanting a democracy over a republic. In a democracy the majority rules. Democracy like what, populated NY, LA. The millions of illegals or adult babies of birth tourism from China voting in China directly? I don’t think it would end well for the country.
Armstrong with Rickards
Richards, scroll about 12 minutes in the case for gold, quite a list and other commodities including oil.
Ron Paul says the gold is there in Fort Knox
Senator Rand Paul
@SenRandPaul
Yes, the gold is there all (approximately) 147 million ounces. It is impressive, but the real point is what it still teaches in 2026.
In 1971 we severed the dollar from gold. Since then the currency has lost roughly 85% of its value. Prices are higher because the money itself is weaker.
A family making $50,000 with two kids that has not received a 25% raise in the last five years is falling behind.
This is now often called “affordability,” but the the accurate word is inflation.
We run annual deficits of two trillion dollars. The Federal Reserve buys about a third of that debt by creating new money. Every new dollar dilutes the value of the dollars already in people’s pockets. Gold does not expand when Congress spends. Paper does.
That is the difference.
Sng
Look how bad it is in Detroit where businesses and car makers had to shut down. It’s not just one but the constant fires due to neglect which also affects wildlife especially the ecosystem and with birthing, slow moving and young animals that can’t escape. The. Carney goes on vacation? Like the joke of a Mayor did during the fires in Calif. That way they don’t have to answer anything and certainly can’t manage or prepare for anything. That requires a brain. That makes it easy for conspiracy’s to start because people think it must be because they can’t be that incompetent and useless and still have a job.
Sng 13:58
I don’t know about those lazers other than they look dangerous. I remember when young school girls days seeing something like that when in Wisconsin. I think we went to Chicago to see it. Near death once came with some memory loss but lazers seemed kinda .dangerously magical or something back then but they’ve been around for awhile.
But what I do suspect doesn’t help especially in dry weather is the chemicals including metals they drop with chem trails over a neglected tender box also causing lets say sparks or lightening not to mention fast moving hot fires.
Buygold
I agree on all that. The fact it starts on low volume is good not just dependent on news although this war or peace has a affect but doesn’t look like any resolution. As far as the Fed dollar and everything else we pretty much have a perfect storm in our future.
maddog
You’re talking about GDX I presume. I didn’t realize it had broken above its 200 day on Friday.
GLD and SLV are still below. Will be interesting to see what happens when they get there.
Really good to see the shares leading.
Maddog @ 14:34 …I call them like I see them!
When our whole Province is being burned to the ground with thousands of homes and communities completely destroyed and lives lost, and the same has happened and is still happening in many locations under very similar and questionable circumstances, I believe it’s important enough to expose it to light. I’m not good at taking gag orders when things need exposed. If your life is taken, your precious metals mean NOTHING, so which is more/most important?? SNG
Buygold
Big TA break out…..Algo’s have to be buying here along with anyone useing TA.
Goldie – true
Still moving on light volume, but if this the end of the correction and beginning of a new bull phase, I would expect it to increase. Especially if the SM slowly fades into the abyss and the hedge funds see what sector is moving up.
This is tough even for me to complain about. We’re up against the dollar, rates, oil and the SM. I’m not sure when the last time was that I’ve seen that. In the rally that ended 6 months ago, we pretty much went up with the SM.
All of a sudden, it doesn’t seem like pm’s are worried about rates. Maybe this is just an oversold bounce. Who knows?
$65 Breached
And they are running stops bigly!
Close above $66? It could happen.
silver…
just jumped like it was goosed. did some news drop ??
