Another H&S playing out. Maybe short term maybe not. I wonder how much the rare earths and PMs are being bought by industrials never to be seen or recycled again and central banks right now?
NASDAQ down 579 pts today. I’m sure that didn’t help us!
Are the animal spirits fleeing the markets?
Mr.Copper @ 15:0
Thanks for your views. 🙂
Buygold
Right, collapse insurance. But we can add when the banks hold your cash hostage insurance now.
Maddog
Yeah, I’m waiting for the move too. I’ve been waiting for 25 years. We get a year of strength and then right back in the tank. Would be fine if it happened every couple years but it happens every 10 years.
I think it’s just collapse insurance. The shares aren’t anything but money pits. Exhausting.
Buygold
I have no proof of this at all, other than mkt observation….I think we have large shorts in PM shares vs the metal, we have large shorts on PM shares and those positions are being added to as protection, through out the day, to keep the mkt looking lousy and to depress sentiment.
The chart below shows how the mkt attempted to break out to the upside, but was too extended to carry, the action I see since is the mkt building the power to take that top line of resistance out and then attack the Highs……
I am waiting the move…..
ipso facto @ 14:48
Re the US Civil war the north won. Re the Vietnam War the north won. Re South Korea? I hope North Korea some day wins and takes it over. All they do is make cheap stuff that we import and it puts Americans out of work. China is the next big pig at the trough gobbling up all our US Dollars and building up the defenses and raising their peoples living standards, as ours go down. .
Societal Suicide
Bull Theory
@BullTheoryio
🚨 SOUTH KOREA JUST PROPOSED TAXING UNREALIZED GAINS.
And this is one of the major reasons behind today’s massive selloff in the Korean market, now being called BLACK TUESDAY in Korea.
At a forum hosted by South Korea’s ruling Democratic Party, lawmakers called for comprehensive taxation that would treat unrealized gains on stocks and real estate as taxable income, even before the asset is ever sold.
Mr Copper
Have you asked Grok…they are making it hard for me to get signed up…..
Our shares suck 90% of the time
The sector sucks period.
According to Chat GPT we suck because of 4.5% rates and pm’s don’t pay interest. Well neither do these effing shares, regardless of profits.
They trade these like gold is going to $3k and silver $40. They probably will. What’s to stop the selling?
I’m back to wishing I had dumped everything back in February. What garbage.
When I’m at this point they might bounce for a day or two, before heading straight back down.
Maddog
To tell you the truth I’d be happy just seeing him in prison for 20 years or so.
Too bad any real punishment is unlikely.
ipso fact
Re Fauci
do we add the ticks etc, with the Prod or without…..my choice is with and with ‘extreme’ prejudice.
ChatGPT When will Gold start going back up again.
Nobody knows for sure.
Gold has been under pressure recently because the U.S. dollar strengthened and investors are worried the Federal Reserve may keep interest rates higher for longer. Higher rates generally hurt gold because gold pays no interest.
If rates stop rising, the dollar weakens, or geopolitical tensions increase, gold could start moving up again. Many analysts remain bullish on gold over the longer term despite the recent correction.
My brief view: gold looks more likely to resume its uptrend sometime in the second half of 2026 than to enter a long-term bear market, but expect volatility and possible further weakness in the near term.
If you own gold miners rather than physical gold, tell me which stocks and I can give a brief opinion on them.
Yes: agi ag drd nak hl cde asm rgld sbsw
Maddog
LOL … and add various ticks and lice!
Our shares sure suck today!
ipsofacto
Re Fauci…..put him in one of those Beagle cages, strapped down.
Has some splainin to do. Face it … he’s mass murderer!
Senator Rand Paul
@SenRandPaul
Last week, Anthony Fauci notified us that he will not voluntarily testify before the Senate Homeland Security and Governmental Affairs Committee, even though he had previously agreed to do so. Therefore, today we have issued a subpoena for him to publicly testify.
A small problem with priorities
illuminatibot
@iluminatibot
·
10h
Police in Chicago arrest a man for cleaning up trash.
This is what happens when you keep asking for more government, you get it.
Maddog
I don’t know why they would want it to fail. He is moving forward in science and technology and will put the money back into his projects, not just spend it to buy people like so many others. Although competition is good too, like the next IPO coming up. It motivates the competitor more so the one that leads and can help the consumer too. Unfortunately for every good evil follows that will try to weaponize it we have to watch out for.
goldielocks
Nice trades….of course so many want Space X to fail…..and as Musk is on the side of the Angels, it will soar and ruin their miserable lives.
Alan Greenspan RIP
Former Federal Reserve Chairman Alan Greenspan died on Monday, June 22, 2026, at the age of 100. His wife, correspondent Andrea Mitchell, confirmed he passed away at their home due to complications from Parkinson’s disease.
Maddog 7:38
Yep including speculative talk of multi rate hikes. I haven’t checked all indices but market mixed. The Dow is playing out a bullish reverse head and shoulders while the S&P has formed a head and shoulders. Speculating more foreign buying in the Dow to diversify or safe haven while more local SP not so optimistic. Heavy weight on the PMs while apparently China is gobbling up gold.
morning Buygold
According to the below article, there wasn’t a single Co, but loads of junk IPO’s and the mania was way worse than anything recent…..another point is that the Dems etc are desperate for the Mkt to fall, ideally crash, so the talk is gonna be endless…which might be the Wall of worry.
Maddog
Spcx might try to bounce today but I’m standing aside. There’s two more big IPOs coming next.
