What’s it going to take to shake up these markets?
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Coiled Spring…………………Wicked Winter…………
Stock market is almost invincible with Fed support of ZIRP and from PPL (Plunge Protection Team) from US government. The team consists of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission.
Right now I agree whowho. The past 2 years have shown us this. However I believe there will be a time when true market forces will take over and the Fed will not have the power to continue to move the markets higher.
Hi,
Are you still tweeting when there is a daily editorial? I haven’t got a tweet for the last couple of days – it’s really useful!
Our editorials should still be tweeting out. We will look into it. Thanks for letting us know Tim.
What new weapon have shorts acquired to control the market? With cost rising and companies loses money, can these companies survive? I think most big companies are in the state that they can only cover their on-going production cost and not able to upgrade and reinvest let alone recovering the exploration cost. Smaller companies have to get money from investors who are les and less willing to lose money. With most eastern countries take physical mostly, how can a dwindling supply meet the demand? If it is the central banks which provide the difference, when currency crisis does occur (not if but when), how can western countries deal with it? I remember that most countries with hyper inflation lately had switched to the US dollar. If US dollar itself has a problem what currency can they turn to?
Apparently if they can successfully suppress the gold price, there is no relief valve. Then everyone loses and we go down together.
I haven’t heard that Germany got any more physical gold this year after the 5 tons they got last year. Have they given up?
I forget where I heard this but I think Germany has backed away from requesting their gold back.
They think the world is stupid. It is too obvious.
Silver companies are much worse. I have several silver companies which used to make big profit. Now they lose money like mad. Silver Wheaton is an exception but it is a silver marketing company not silver producer. It is similar to year 2000-2002, money losing companies closed, so the PE was extermely high due to limited choice. Then silver price spiked.
The tug of war is frustrating but it is encouraging to see buyers combatting the selling regularly.
I am trying to buy more silver lately but not able to. It is getting frustrating. I need one more dip.
It is truly frustrating. Silver price dropped but no trade for silver fund. My bid become the support again like before. LOL.
Wish the SPY would fill that gap from the 31st. Would love to put on a short there. Could long miners there as well.
Something sure put a full spread of torpedoes into crude oil early this morning. Mr. Market doesn’t seem the least bit worried about any disruption in world oil production.
Why should they? The world is humming along nicely.
Gary,
Glad you are in align today with my views for past few weeks. Indicators on miners showing overbought.. Maybe one last push up for gold/hui but they will break this cycle.
GF,
I think folks with in the PM community and mining sector more specifically, (that’s includes me) might need to be more realistic about the next six months to a year and even further on out. They should maybe start to envision a situation or set of scenarios that seems completely implausible to them and defies logic. Something that will confound their very belief structure to the core.
Things could very well get much more dire with in the PM complex as the world stands on the brink of potential war and mass catastrophe.
Since everything in the world is turned upside down, and nothing reacts as it should or has in the past, the anomalies and discombobulation of trends and markets may well make complete fools out of everyone.
If anyone here is buying PM’s to make a profit and not primary as a means of insulation and insurance, then they may very well have their *** handed to them on a silver platter as a potentially unstoppable deflationary collapse event could take on a life of its own.
In a bankrupt world, with currencies becoming less and less valuable and a world teaming with millions and millions of starving and unemployed people that are litterally on the edge of nothing to live for and explosive anger ready to be unleashed at any moment could very well uncork a transitional “Black Swan” event that could feed on itself.
Priorities have changed in the world like never thought possible just a few short years ago. The very essence of survival is going to be front and center in the years ahead. Many folks are in denial, including those who are staunch PM investors as they continue to focus on paper profits in a controlled world gone mad, choosing to ignore the real change dynamics in play and only focusing on mostly irrelevant aspects of life.
A major financial and economic curve ball is sitting in the shadows, waiting, and virtually no one sees it coming.
May be right.
I keep looking at the short position on the COT. The gold chart has converged on the apex of a 1.5 year coil. If it weren’t for the short positions, I’d think it was ready to rocket up. But I fear a repeat of spring ’13.
Let me guess … hmm? Gary & his sheep, aka subscribers are getting their heads handed to them in the gold market this am and Gary is blaming manipulation and singing THe Manipulation Blues …… sounds about right?
Looks like we have a war going on in gold………….a tug of war……