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It looks like if the juniors start to run … they could go for a long time! I wouldn’t mind a 2 or 3 year bull market!

HUI up near the highs of the day.

I really don’t mind seeing the QQQ’s get whacked for a change. Stocks like Netflix up near $700 a share? Seriously? That index has a lot of correcting to do, some of that stuff is seriously overvalued.

Maddog – it’s well past time for us to get some of that tech money, and it won’t take much.

Check Dollar yen…down nearly 2 % on day…that is a huge currency move and as the Captain says Tech is getting wacked hard….and as Tranny and Utilities are well up, this looks like rotation…we may catch some money….we probably are.

Thank you

No doubt. They are drip selling into the Crimex close to temper enthusiasm, but I’m watching NEM and AEM and they aren’t drifting lower with the metals. That gives me hope of some sustainability.
As always, we need this to last for a while, otherwise we’ll start getting those “double top” call that we always get.

Thanks for posting the GDXJ vs. Gold chart. Simply amazing…..

Just don’t know when (if ever) some $$$ will come into this sector!!!

ELRRF is Elero Resources
LOMLF is Lion One Metals

“one mans’ opinion”

I know it’s at least two!

is a little better but still nothing to write home about. There’s still a lot of caution and rightly so.
We’re not seeing big buyers coming in just yet

… and they are working it hard.

Would not doubt the machines trade 2 years global production on just this side of the pond today – never mind in London.

That’s a real market for you.

Can’t have the plebs getting out of hand.

Need to ‘tamp it down’.

Chuckle

Exactly … da boyz have done such a good job at bashing people’s brains in over the past few years that I can’t blame anybody for hesitating here.

That said, as long as you are not buying moose pasture, if the shares are not at a bottom with the exception of large caps, then they are likely close.

A few years out – 2026ish – my opinion is anybody buying here should be happy.

One man’s opinion

Shares steady.

Do we push the rest of the day or do we just sort of fade?

I want momentum!

I don’t say I’m bearish or bullish as far as the stocks.  I moved to only phyzz for now. I could target trade but choose not to  But I guess my training was a little bit tougher than yours. We couldn’t afford to make mistakes that affected other people. We didn’t assume everything was okay just because someone said so. There’s nothing ” cute” about that.

It seems to me the Government wants to micromanage and control everything to be in sync with the stock market. They don’t like anything they can’t control. Of course the dollar which gold is their ejemy and their short term bonds will go up but they don’t mind that. They even did it to Bitcoin.

I can’t agree with that.

I think back to the Gold-eagle days in summer of 2002 – with sentiment in the tank – how a few carefully placed words helped a lot of people.

But we need all kinds – and right now – I have to view negative sentiment and hesitation as a classic contrarian indicator given the backdrop outlined earlier.

We are just in the early innings -best not getting cute at this stage.

Cheers

What is the symbol of your play Elero?

Gold up over 2%. Can we hold it and continue higher tomorrow?

Our little sector will start to get the attention of the momentum players now. I don’t see anything that’s really overbought. Plenty of room to run hard here.

Neither just trying to stay rational. My cheer leading days were over my high school.  I learned young although our team came out on top  that you can cheer all you want but generally speaking it isn’t gonna change the numbers on the score board.

I’m not a candle devotee…..but prices are near the Hi of the day, which is good after a gap open that was filled quickly and now prices are back near then Hi’s….but we shud be up way more ….as always the PM shares are looking at the SM…so the Arb Algo’s will be selling PM shares, because the SM is down….

So far we have a serious break out of the major down trend…..

Where are the regulators…..working from home and fast asleep still…it isn’t even midday, so they havn’t even got out of bed yet.

That’s true … but only once they have moved up.

But hey … lot’s of people putting the cart before the horse these days.

A question – are you just stubborn or do you actually work for them?

Just wondering.

… despite their best efforts to keep it contained.

And it’s $50 – up 50 folks … do we hear $100?

Chuckle

Generally not that anything is normal right now the explorers start to move up and us a signal at the end of a bull cycle. If this is a bull cycle.

Concur. Looks like they pulled the plug on the QQQ’s this morning. Bitcoin faltering would be a good indication that the era of phony and inflated assets is over and it’s time to get back to real stuff.

Would like to see gold pull off a better than 2% gain for the first time in a while.