I grabbed some shares and out for the day. A bientot.
Buygold
Totally agree with your spot-on analysis.
The rigged algorithms insure that the game continues and ensures that the rich keep getting richer.
Buygold
Correction, that the Fed would cutting interest rates. He now expects a few cuts by the end of the year but expected them sooner too.
Buygold
I also think the numbers for the PM prices D Hunter came up with that others then followed short term was under the assumption the fed would be raising interest rates. Correction lowered.
Ipso 12:52
That’s crazy!
Buygold
I second that, well said. Maddog should keep that post on the side notes as what we dealt with through time.
I think they’re waiting maybe even coordinating what the Feds decision will be to cut interest rates or not at the end of the month. If they do it’s likely PMs will jump. If they don’t, then more of the same or could go the other way and will be waiting till a September decision next. Perhaps a cautious accumulation ahead as it gets closer to the end of the year.
Perhaps it’s not about keeping PMs down when they have wall street money and banks to do that for them or the economy they’re worried about as much as keeping the stock market up pre elections and the banks solvent they’re more worried about.
Inflation isn’t just about housing and loans anyways and their inflation numbers don’t reflect the true all around economic impact either.
It’s hard to say if they will even cut rates for fear of sparking more inflation before the elections too, depending on what’s going on.
The demos were causing even more dollar devaluation by spending as much as they could as fast or faster than the Fed could raise rates to counter it.
In the long run we will be in the right place by default lol because we have foreseen they already set the seeds to destroy the economy no matter who gets elected but we certainly don’t want more of the same from them pouring gas on the fire.
Predictable
Le grand escape! Panicking French elite bombard wealth managers with enquiries about moving to Italy and Switzerland amid growing fury over victorious hard-left’s plans for 90% tax on rich and huge spending increases
@ Buygold RE: your 11:27 reply to Goldi was SPOT ON !!
Well said!! thank you – your post made my day.
After suffering in the PM markets for more years than I care to remember, your description was perfect.
I believe that is exactly what is happening and would love to see this message go viral throughout the PM universe.
Exposure might be what it takes to break their Fiat grip on this sector.
I’ll say this though
The large caps – NEM, AEM and WPM are impressive so far. I haven’t checked volume but it could actually be institutional, they would definitely buy the large caps.
The shares have been missing in action for over a decade. When they go, we’ve got game.
edit: Volume is average in NEM and WPM so far. AEM tracking well above average.
They are taking advantage of any weakness in silver though. The usual BS
Goldie
Yeah, I don’t know what the signal is that they’ll start selling, but no doubt they just constantly come in with contract dumps when they see any pause or slow down in the buying. They seem to sort of do the same thing in the shares except there they just start selling anywhere from 10 to 100 shares at a time to keep the pressure on until the buying finally exhausts itself.
There’s no magic to it, they have unlimited funds and access to data. They don’t worry about profits, it’s just mission oriented selling to keep prices down. They don’t worry about regulation, because they are sanctioned by the Fed.
They know full well what those charts look like and just use brute force to correct them.
The court cases brought against the banks are just a ruse for public consumption. Send a low level trader to a country club fed prison then take care of him for life. Fines are irrelevant because money is phony computer entries.
Buygold
Could be wrong but I think they’re waiting for the Fed signal how they will set their computerized day to day pricing to skim any profits they can from the private sectors. They get them to chase it then sell sort of thing over and over again profiting while they set the price.
Here comes the hit
Silver taking the brunt. Looks like they’ll reverse it. $.27 gain down to $.10
This is the constant battle we face. Not normal in any other market.
Shares still holding nicely though, so maybe we’ll recover.
Huh
Another $10 push in gold and $.20 push in silver and we could have game.
Shares strong, hopefully leading. We’ll see soon enough.
Shares opened strong
NEM actually leading the pack.
Not sure if they’ll hold up, as silver looks susceptible to a reversal. Nonetheless, if they do hold up, I think that’s a really good sign for the metals.
Strong moves at the open are always iffy in pm’s.
Ipso 9:25
They’re weapons of virtue signaling green agenda and crickets are useless against them.
Ipso
I think the WEF is eventually going to have a rude awakening. Hopefully as rude as they gave the rest of us.
Now the rest of the world sees the only thing they’re good at is ” virtue signaling.” Lol lol It’s wors than I though they were thinking. They’re sick if it too lol
Ipso 9:07
Omg that’s hilarious.
- Re:…as it means that as a result of its ability to spark a liquidation panic in Europe’s unstable bond market, it has far more leverage than Ukraine and the “virtue signaling” western media.
This is interesting … Saudi Arabia … voice of reason?
In a fascinating geopolitical development, Bloomberg reports that Saudi Arabia privately hinted earlier this year it would sell some (or all) of its European debt holdings if the G-7 confiscated Russia’s frozen assets.
Ipso
Actually oil and nat gas trust. Regular divis and no ETF games. Mr coppers Boil I had before but I guess they’re okay for shorter term trading if they don’t reverse split on you.
Ipso
Exactly because like so many other agency’s they have been compromised.
Despite what oils doing in the immediate future long term I wanted to add some shares of a oil trust this morning but noticed a bid and ask spread. Probably the hurricane in Texas.
I heard Huston got the brunt of the flooding, and power outs and now the heat will set in and no air conditioning. Not as hot as here but they got the humidity to go with it although dry heat with no cloud cover here or rain to cool the scorched earth isn’t a picnic we still have power. We’d rather deal with the winter power outs and quakes with power outs than that.
goldielocks @ 2:44
I think that Chevron decision was a positive for the US economy and the companies operating here. Now low level bureaucrats aren’t going to be able to make important decisions with impunity. We’ll see how it shakes out.
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London behaving
Not taking us down hard again, course not letting us run up either.
This is the bull market pm’s live in. You get trashed on a Monday, and then spend the next four days trying to re-coup from the trashing with miniscule moves higher. This is in a pm BULL market. In a bear, we’d have continuous waterfall declines that would take us down for days/weeks.
So, if we’re lucky, we’ll get most or all of Mondays’ losses back by tomorrow. Then start the cycle all over again, maybe even try to get those bullish charts to play out, but that’s a stretch. I think Powell may speak to the House today, but not sure, and he said what he’s going to say yesterday. He shouldn’t be a problem.
Dollar flat, rates flat. QQQ’s higher as always. Bitcoin has gained almost 10% back this week. No problems there. Aladdin has things on autopilot.
No Panic in France
French Bond rates have eased, along with all other Euro rates this AM…..
A cynic might think, that mkts only ‘panic’ when the ‘wrong’ people win elections….!!!

