What is the volatility index telling us right now?
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Very well said SD Marc.
….meanwhileI see massive amount of construction in the beach area..a la the 1980’s……trust me this is NOT THE 1980’s – not even close…and I refused to get sucked in because I wont know when to get out…..you never due when it is a ponzi scheme….at least I will sleep well tonite..and the next nite…and the next….and…
zzzzzzzzzzzzzzzzzzz…:)
Blessings!
CHEAP MONEY………CHEAP THRILL ………crash coming for the beach lovers, the sand will over take their Hut. No insurance coverage will cover the coming events. FUKIE will be at their door steps, and contamination will be their ruin. F. THE BOOT
CALIFORNIA always goes bust first,
Investors are not buying. This is the now a bubble and accident
waiting to happen. Wash, rinse and repeat.
Business cycle topped and soon the rest will be history.
The boulevard of broken dreams. Good bye American Pie.
Funny money B.S. Interest rates will soar possibly. Who’s
going to loan to failed states and republics without much
higher interest rates ?? They can’t print forever without a
currency crisis and interest rates will be forced up dramatically.
IMHO
I think you are correct. It does not look good.
So long SUCKAS! People got what they voted for. They wanted their free socialism and now they are going to pay the price. Some of us (LIKE ME) are doing quite well since we have learned how “the game” is played. π
Its always been when things get good they don’t
stay that way. Just this time its going to roll off
the edge of a cliff. Jason got it right. Big ponzi
scheme game right now.
Frank learned more than 30 years ago the lessons
of good times…bad times.
09 all that debt to help the illusion of a recovery to
permanent prosperity is going to topple like dominos.
Upside down pyramid. Leverage is all in. Now infliction.
The debt is the illusion, you are correct again, wise words from a pro.
Thats because we think a like……….pro.
You can fool us once, maybe twice but a
third time…shame on us.
I say we give it the ………….BOOT.. π
Short…Boomers… : )
Living beyond the means. RR days are over.
Yes , I agree, …SHORT BOOMERS, π
Yes, it was your idea. ..Frank..thanks. you’re right
Short them…till they drop. : )
Drop they will…..
Great minds think alike……… π
or is that double minded…………..
Yep and J..would be proud. : )
BTW, did you see where Chase Bank,(in Cleveland) was not going to allow anyone to pay for mortgage loans, credit card bill, auto loans with cash.
Cash is trash.
not if it goes to 120
I don’t think it will get to 120…… Parabolic move to 110 then……The Boot.
You might be right, ……but, you are correct on the BOOT……
Not humble, Heavy!
Jerry…er…sorry….I mean Frank, I hope your daughter doesn’t go to college here:
LGBTTQQFAGPBDSM
http://www.wesleyan.edu/reslife/housing/program/open_house.htm
that is your OBAMA PLAN working for ya……………. π
due = do; not dodo…:)
Thanks for correcting that SD Marc π
‘Greek cash call before critical Friday Eurogroup Meeting’
http://blogs.channel4.com/paul-mason-blog/greek-cash-call-critical-eurogroup/3593
Anybody have any thoughts on the Silver stocks at present?
I added to my positions in a few different miners yesterday and today.
Well if the SLV chart is any help all I can say is it sure looks like the bear is biting. SLV is near testing a triple (quadruple?) bottom and that is rarely a good sign during a decline. I think it breaks down from here. Currently trading 15.24…..we are near enough to going sub 15 on that chart that its almost s shoe in now. Actually it briefly touched 15.00 already. Not long to wait.
Ok. Thanks for your thoughts Birdman. You were correct on the fall in Silver below $16, but I didn’t know if you though it would cause sub-$15 silver or if it may rebound for a while on the weakening dollar. However, you made a great point yesterday that the dollar is not as relevant as the 10 year note. Based on the 10 year note what do you think?
My opinion on the 10 year?….. going down, rate up.
About that sub 15 number…I was referring to the SLV chart.
gotcha.
so, do you think if the rate goes up on the 10 year that this will pressure PMs?
Its all tied up in the interest rate expectations. In other words the futures market and what participants believe is coming down the road. When the 10 year goes down then gold has a tendency to track it lower. EG, if rates rise then gold falls. This is being programmed into our heads in advance of Fed Fund rate hikes btw, I am sure its no coincidence. The dollar is not currently the best gauge of golds strength although you would not know that from the number of people talking each day about gold getting ready to rise because the dollar looks primed to fall. I guess some of the gurus don’t follow charts all that closely. Anyway here is that article from Trader Dan I mentioned yesterday. You will probably find this more helpful than my explanation.
It’s all in Interest Rate Expectations — Trader Dan
http://traderdannorcini.blogspot.com/2015/02/its-all-in-interest-rate-expectations.html
That was a great article from Trader Dan, and those charts of Gold and the 10 year note were very telling. Thanks for posting it Birdman.
While I think all markets get pushed around or “manipulated” just a little by key players, it is usually only to slam the opening or close and minor in the overall pattern. I think his points about it not being a “manipulation conspiracy” and more a function of where traders feel interest rates will be is spot on.
You did get your sub $16 call.
Hello Shad,
FWIW, I added last thursday to FSM/FVI.
Stock was down nice despite decent results.
Best to you,
LPG
And to be complete on the matter, I’m considering opening a position to another silver name (decent size producers)…
I had itchy fingers today, but didn’t pull the trigger.
Maybe I’m getting too greedy π
Best again,
LPG
I meant to write “opening a position ON another silver name”.
Apologies for the typo.
LPG
And on another topic, I got c. 1mth dated calls on IWM yday.
Will see how this goes…
Best to all, and GL investing/trading.
LPG
Good thoughts LPG. I am a big fan of Fortuna Silver (FSM) as well.
In the last few days I bought and sold Coeur twice at a profit, but would have done better buying and holding it.
I also added to positions in Great Panther Silver, Scorpio, Hecla, and Stillwater Mining.
PS. – I also bought some shares of Sandstorm Gold (SAND) and averaged down to near the current share price in Exeter.
Alexco and Scorpio are touching upper Bollinger bands, which are very tight. The ADX and MFI indicators are not being of much help predicting the next move.
I have most of my core shares for silver miners and would be hesitant to add; I would bet that they correct to a t least mid-band
Silver fundamentals (if real supply and demand really matters anymore) are not very good right now:
(1) Lower than expected Indian jewelry sales
(2) Chinese have more silver stored right now than probably ever before
(3) JPM is holding more PHYSICAL silver than they probably have ever before.
Brian
Is it is possible the bollinger bands narrowed on Alexco and Scorpio due to complacency but that they break out to the upside?
I completely agree with you Brian on the Silver fundamentals, but the fundamentals don’t seem to influence the short to mid-term any more, only the long term picture. For the short to mid-term Silver is starting to look a little over-sold, so I am wondering if the miners may do a brief pop up for a few days trade?
o I have very low expectations, so if either breaks is to the upside, I will be pleasantly surprised. I wonder what DOC would say?
(NOTE: The market CAPS for Alexco and Scorpio are absurdly low (25M and 50M, respectively – From a 5-10 year time-frame where silver gets back to $25+ these are silver producers with the most potential, in my opinion)
o The futures market (where 95% of the participants never take delivery) determines the trend; I just thought that I would throw in some supply/demand economics for giggles.
Great thoughts Brian and I agree 100% that the market caps for many miners, including Alexco and Scorpio and Great Panther and Endeavour Silver are waayyyy low. I really like Hecla and Fortuna for silver, but feel Alexco, Scorpio, Great Panther, and Endeavour have the most upside potential percentage-wise.
FOOD stocks and preferreds are both making me money. I am looking to lighten up at sime point, but with these low interest rates , its a swing traders dream. I am both a swing trader and a long term investor . I have had 5 plus minths of good swing trades. At some point i will start losing money, and then i will stand aside. . Best of health and wealth to all. S
Great thoughts R Scott Hamilton. What are your thoughts on the Fertilizer marketplace?
It looks like it is basing and bottoming to me (Mosaic, Intrepid, Potash Corp, FMC corp, ICL Fertiler). I may take new positions in all these 5 companies along with the the ETF (SOIL). I’ve been on the fence about it and bought and sold MOS twice in the last month, but it fell a bit and I wanted to get out of the way. It looks like it just turned the corner though.
The board is a good contrary indicator all gold bear
propaganda yesterday Wed. Today its hush hush.
Almost pulled the trigger on a big block trade long
gold but these sideway market is now almost to
easy to predict. Although, timing is critical. Have
to run tight stops.
No, not big big block just over 10 contacts.
1. Almost = not good enough. 20 20 rear view mirrored
trades.
2. Paper trading = no bueno without considering stops etc.
Comprendo amigo !!! Or no dinero
I added to positions in several gold and silver mining stocks on dips this week, pero no entiendo espaΓ±ol muy bien mi amigo.
Mucho gusta…..hombre…se…
NEWS………SPROTT going hostile on take over bid of two hedge funds……kitco
Thanks for the news. Its getting interesting. Gold demand is
very strong in the east.
Gold is looking good but we are still locked in the tight range.
JJ had commentary the other day on this. Of coarse these
targets that gold needs to rise above say 1270 for it to break
out will be met by another decline.
The Cabal has clamps screwed down on this market. So as they
tighten the screws that much more, this market will explode one
day.
Probably world war will be needed to release this pressure but
what will The Cabal do next.
Its a new paradigm IMHO… Expect anything. IMHO.
Could be wrong.
Definitely a NEW Paradigm …, and yes, Expect anything…. π the BOOT
What we need is a direct line with …The Cabal.
Only problem is they will still lie.
Once a liar ..always a duche bag.
ditto on the liar ….and d…b…………
Boot em !! All..d….b’s…. : )
Here is the link and some excerpts:
snip
βSprott today announced that it intends, together with Sprott Physical Gold Trust, to commence an offer (the “GTU Exchange Offer”) to acquire all of the outstanding units of GTU and, together with Sprott Physical Silver Trust, to commence an offer (the “SBT Exchange Offer”) to acquire all of the outstanding units of SBT,β the release said.
snip
snip
The company also announced that it is exploring the option of adding coin delivery alternatives to Sprott Physical Trusts βto make their existing physical redemption features more accessible to smaller investors.β
snip
Good catch on the Sprott hostile take over bids Frank…..The Boot.
DR. Evil………HA, HA……. good one π
Good catch on the Sprott hostile take over bids Frankβ¦..The Boot.
Sorry, it should have been this reference for the Sprott Hostile Takeover.
π
Great news. this is the largest ETF holding of mine.
Silver bullion trust
FFM,
If I may…
I suspect the news is not exactly what you mentioned.
“Sprott Announces $898m Hostile Bid For Physically-Backed Gold & Silver Funds”
Sprott proposes to acquire the units of 2 trusts.
I’m not sure there’s any “hedge fund” involved here, IMHO.
Best to you & GL to all investing/trading,
LPG
Sorry, I got carried away with my Hedging , been out trimming the bushes. π
No worries FFM. π
Best to you,
LPG
You got bushes to manicure in Moscow at this time of year? That’s kind of funny because most still have no leaves growing yet! Not in that climate anyway. I hope you know its minus 2 in Moscow tonight.
Indoor plants, we clip the bushes, to feed the cows that roam the hallways in the co-op apartment buildings in order to keep the overhead down.
No worry about minus 2 in Moscow……it 80 degrees in Miami, where Russians buy overvalued Real estate with pieces of paper with funny looking dead men and funny sayings, “all debts public and private”
That would be Sunny Isles Beach, Florida, I presume.
That is the low rent section…….got to raise your standards.
It’s where the Russians live!
The Russians live everywhere.
I believe it is either Jerry or Fran llkm y.
But, that is okay.
The gold shorts got a …hair cut today.
nice bull raid
Barely a flesh wound. I never even felt it. Gold is capped at 1200.
Well no you never did, its all paper trading. Gold is in a tight trading range.
A fella came in here by the name. ….Gold To Quadrillion.
He posted a while back. Anyway, maybe its time to recognize that gold
has lots of upside.
Also, I will provide a link for you.
Harvey is not as bullish as …Gold To Quadrillion though.
Obviously the gold bears should take heed. Gold is not predicted
to go down. Thats the point. Not with these predictions.
The real question is…how high gold will it go.
And how high and fast the gold bears will jump.
My post above I was not serious. Obviously.
Harvey and the rest of these dreamers are
hilarious.
Maybe they will have the last laugh.
Hardy..Har…Har. !!!!!!!
Jerry, do they have Owl Coinlands in Moscow? I’d guess not, Owl Coinland is one of a kind, I believe.
Hopefully, Eddie!
Keep The Raiders
Away From Your Gold!…
quoting Brien Lundin –
” Iβve recently become aware that a long-standing, highly regarded closed-end precious metals trust that weβve recommended over many years β Central GoldTrust (GTU.U; GTU.NYSE mkt) β is being raided by an offshore hedge fund.
The key point is that, unlike other physical metal trusts organized for other purposes, Central GoldTrust often trades at a discount to its net asset value. Because of its attributes that offer advantages to smaller investors seeking physical metals exposure, itβs been highly recommended for decades not only by Gold Newsletter, but other top advisories in the industry.
“It seems that the hedgies want to raid the fund to take advantage of the discount to NAV. In the process, itβs likely that theyβre going to destroy a premier investment vehicle and the valuable advantages it has offered.
“The situation is so egregious that my good friend Adrian Day issued a press release announcing his opposition to the proposals filed by Polar Securities. Adrian does a better job describing the situation than I could ever do.
“You can read his news release here.
almost got ya………….tltp……..
Nice post Irwin ….
tank-ee , dots to boots π
π
Testing testing
I’m going to snoop around the Gold Wigwam..
will report back if I see any pretty ladies.
Brittany is one smart gal – is she single? – I wonder…:)
http://www.outsiderclub.com/china-declares-war-chinese-to-sabotage-us-dollar-with-gold-and-imf/811
Is there a Russian in that Teepee?
SD Marc, I hope your wife is not reading this blog. π
Irwin, you’re an old salt. No one is going to fool you.
Ha! I get fooled all the time.
I bought the gold story.
Anyone listen to Craig B Hulet?
-good stuff
http://www.eliasound.biz/hulet/mp3s/2015/04.17.15.mp3
Hah! Yes, I heard that interview the other night.
They talked about Clinton and Hulet said Bill is a pedophile. I mentioned that here but Big Al did not believe it.
Well Irwin, as Bush said, “Fool me once…shame…shame on me…fool me…Can’t get fooled again!”
Here’s an article on how corrupt and what scum bags Bill and Hellary are….just the tip of the iceburg…
His website:
http://craigbhulet.com/
We will be discussing this on the upcoming Weekend Show with Adrian
USA ! YOUR WORLD MARKETS ARE FAKE ((((((((((((((((((AAAAAAA MAST SEEEEEEEEEEEEEEEEE! YOUR RULER TALKING !!!!!!!!!!!!!!!!!!!! https://www.youtube.com/watch?v=FiTOQXKcqx8
THE MAN !!!!!! https://www.youtube.com/watch?v=gvZOZiB1TfI
Day have ( BIG ) plans for your children and grandchildren ! THE BOOGIE MAN ! AL and Cory DON’T PANIC ! https://www.youtube.com/watch?v=wYzSHynBeh4
I am your Booogie Man!!!!!!!!!!!!!!!!!!!!
https://www.youtube.com/watch?v=_Ee3C2m3OXE
Classic !!!! Those where the days….
Oh YEAH!
Presently…let the good times roll…NOT !!!! Unfortunately. .
All faded memories. We are all under scrutiny and I would
say going as far as being monitored now. Not what we signed
up for. At least I didn’t and really disappointed in the world we
live. End it right here because I see lots of invasions in our
daily lives coming soon. This is what I fear. You might say
fear not out there but I say scew them bas%ards. They have
no business in our lives and using the excuse its for our own
protection. Thats a lie and will end badly for citizens.
This is where everything is going. Like it or not. Cash transactions
and invasions information in this video. The roll out has begun.
http://www.youtube.com/watch?v=SY7xxOpyVgo
Not in the video but Russia has refused to be part of the
new world order.
You can be assured the NWO roll out has begun and its
all going to hit all of us between the eyes in the months
ahead. New federal ID will be required maybe to work or
travel or buy anything. Israel is already passing laws you
must have RFID. US its in motion in 2016.
Regarding Jade Helm and the logo. A must see.
Bottomline means incarnation and evidence is
there. See for yourself.
Incarcerated…sorry. My bag.
Tom Mc Clellan’s latest:
http://www.mcoscillator.com/learning_center/weekly_chart/volume_data_have_eased_one_concern/
GL to all investing/trading.
LPG
good call ……”backwards”…. π
we can be ying and yang. π π
π
π
π
Greg Hunter has bad news for gold bears.
3.30 minute mark on the video.
Now, after you watched the video gold bear
guru’s should be …..real skeerd.
Paper traders watch out. Demerit points won’t
help your moral either.
You have Sprott who is gobbling up physical
and far east demand very strong.
Not gold bear friendly at all. Sleep well !!!!
HEAVYHITTER,
that Petro Dollar theory has been around for several years now. I don’t think it is the time for that to happen as there is way too much money and Saudi investments in the U.S to risk. There might be a point 5-10 years down the road that might happen, but I imagine we will be using SDR’s or another reserve currency in the Renmimbi that competes alongside the U.S. Bird had a good point about the Chinese not wanting to disturb their current relationship with their peg. Tricky call that I think not any pundent knows the future.
Confused, your comment is well taken and excellent points.
I posted that just because its been so Gold bearish in here.
Gold has been in that sideways trading pattern and today
was a short but its in that pattern maybe you can trade off of.
Its a guessing game and those trades are not for me.
Looks like gold is ready to test nov. lows. Another whipsaw
possibly. Will we see a 1000 gold. Like we communicated
yesterday its fine by me. I doubt it in the next few months.
Then again it is tricky.
Your absolutely correct and tricky call. I have said on here
so many times we are now or have entered a new paradigm.
Thanks fot the comment Confused. I’ve readied nyself for
anything. There is way too many perils out there and
lawlessness to say , oh ya based on this here’s what will
happen. We have a enemy of gold and that part is not
healthy. Its fully being controlled. Cash is in under the
same pressure. Bingo…new paradigm…
I notice too ,Confused, all this lawlessness that is taking
place is being ignored. No one believes how the military is
preparing and banks are tightening the screws on cash.
Its going critical and not too long from now lots of freedoms
we knew will be lost. Anyway, all in denial and will remain that
way until you can’t reverse this trend. Its already too late.
The screw down in cash will be good for GRADED COINS
Anyone needing an expert……ding me……….. π
Numismatics is the best choice. Although
the audience is very limited. Not an easy
liquidation in a economic calamity.
High quality diamonds might be a good
choice. Just think on how much wealth
that can be hidden and impossible to
detect. Millions in a tiny bag the size
of a half dollar. Metal detection is now
high tech. The precious metals have
a problem. Bulky and easy to detect.
Not at all mobile with lots of wealth.
You can be very mobile with several diamonds
too. Who would know.
Thoughts from the midnight gardner.
I agree with the thoughts on diamonds, ccc, I agree a cut above , clear to see, and a carrot for the easter bunny. π
Great minds think a like except….nothing
for the easter bunny. He’s a fraud. lol
Common Heavy next you are going to say there is no Santa Claus.
ditto on E BUNNY……………..F THE BOOT
ping…ping…bong..and a pow.
E.B..poof……gone !!!
Gold rally gone too.. bing…ping…pow…
Gold bulls..RIP….Sprott news was a come on. Bull trap.
Sprott probably got short. Criminals at work.
Time to rethink everything, there is no heading back, USof A-ripoff is coming soon.
Most definitely ….unless one believes in
Santa Claus.
Kiss the Bill Of Rights and The Constitution ..
GOOD BYE…..American Pie.
Well, no one will believe it until its here.
Thats how it always is. Its unfolding
though as we speak. Dumbed down !!!!
Thats your sheeple …Frank.
Baaa…Baaaa
The baaa boota
ping…ping….
As I have said n.a. any times before, I hope and pray you are wrong!
Well, Big AL….my buddy Frank can fill in
all the blanks.
Over to you Frank. Tell Big AL all about the
sheeple. π
More on bail in’s for for the banks and depositors
are at high risk. All in denial. No one cares.
But they will.
Doc, Al and Cory –
Glad I am NOT chasing yield……or that I HAVE TO…I cant believe how those people feel that they have to take extraordinary risk to get some little scant return…THANK YOU Bernanke and all you central banker and PHD’s in BS…….The markets are destroyed and completely out of touch with real price discovery – there is none! None at all…but with that said…you guys provide much needed clarity on a varity of issues..but ultimately one has to take their own path and take full responsibility for it…I have told my whole family that it is my firm belief that I am absolutely right on the MACRO DIRECTION…….timing not so much!…:)
God Bless all of you –
Marc