Friday with Chris.
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You are right Texan Mike volume has been low most of this week. Maybe the stock is taking a breather or the market is waiting for some more news… Not sure
Thanks Cory
Interesting points on UPS announcement. If their business is down post holiday season, then obviously companies and retail shoppers aren’t moving goods at a very high pace.
We spoke on the weekend show and earlier in the week that there would likely be a small 3-5 day pullback in PMs toward the end of this week after the Thur/Fri news on Euro and PMI numbers were reported. We still have the Greece vote on Sunday. It seems reasonable that gold will pick up it’s uptrend mid way through next week. The big banks, talking heads on Yahoo & CNBC did at least take note of Gold’s role as a safe haven over the last few weeks, so if things get uglier, then many hedgefunds and banks will acquire Gold/Silver and the ETFS for at least some minimal exposure. This should help thrust the PMs up for a few more weeks still, but we may have a little more weakness at the beginning of next week.
I think some of the movement started this week with the gdxj and gdx ….at least the volume was significantly higher than in the past……………………if I am not mistaken.
Marc Farber ……..at kwn…………likes gdxj………………………
boring show
does anyone believe in the COT report…??
Sally, I look at the COT every Friday. The commercials are starting to go negative on gold but not much on silver. To me that part of the report I always take seriously.
I apologize I am being too harsh… and Temple is correct.
mea culpa
Sally…For what its worth..i DONT believe the cot report..WHY ?..because “THEY” manipulate everything else.
Todays KITCO Report…World Bank; Gold Prices To Head Lower In 2015..Bla Bla Bla. Any Comments Guys.
Doc & Tony,
I think both of you have a good point.But not silver…. ?
Doc you mean ‘the commercial part..’?
The cartel controlling as usual…
thanks
Cory
It’s interesting that you like gold because it is stair stepping up and you feel it is going to go higher next week.
I can’t help but think it was only in Dec.2014 that you were stating that the sideline was the place to be and gold was going to 1050. Why couldn’t you use the chart back in Dec. to predict the the gold price was going higher in this stair stepping manner. Well then if you couldn’t predict gold going higher back then what makes you think you can predict gold going higher next week and for the first half of 2015.
Al both you and Cory were standing on the sidelines in Dec. while gold was going up, doing nothing but stating the sideline was the place to be and here you are now, stating you wouldn’t want to be caught without gold as a hedge, and that it is going higher in the first half of 2015.
If you both truely believe that gold is a true hedge just as you have stated many many times in the past, and is the main reason YOU own gold Big Al then it is a good buy now as it was a good buy back in Dec.
Now you and Cory are standing there waiting on the next train at a higher price level.
GO FIGURE.
Peter
Explain low volume on Theralase recently. Thanks