Sentiment in the PMs is horrible
With silver and GDX now back to levels where they both started the year it is understandable for precious metal bulls to be discouraged. Craig Hemke takes a look at just how unloved this sector is noting again the COT reports that show a huge short position of commercials (considered smart money).
Click here to visit Craig’s site for more PM focused commentary.
Click download link to listen on this device: Download Show
Disgusting sentiment can indicate a turn, we could get a bounce.
a tradeable bounce b …yet we know the buy side promoters will suggest another moon shot….heck even N Korea can’t give gold a fear bid which always rolls over anyway
thats all it would be as i see things, i expect we are still headed lower.
b the pop may begin if Fri NFP data is a big miss to the weaker side….sending the TNX lower $Yen higher but of course the Trolls here will spin it gold was headed higher anyways as always and a big NFP miss wasn’t a market trend changer….yah right! just as a really hot NFP release will send $Yen lower and the TNX towards that key 26 area
Nonfarm Payroll may be a short-term mover for a day or two, but it is not a prime mover and doesn’t have a lasting effect for medium term trading. Just another data blip, like PMI, or Fedbabble, or emerging geo-political events. They may be important for a quick swing trade, but not something to dwell on.
The Yen has been correlated with Gold for some time, and many trading algorithms are keyed off this relationship. Most everyone here is in agreement with that and has been for years and we’ve talked about this Yen Gold correlation over and over again and it’s been covered by a number of special guests and regular contributors.
However just looking at the 10 year for an inverse correlation, or the Yen or inverse of the Dollar/Yen are simply helpful tools in the arsenal. Real rates and the dollar or geopolitical events also factor in as contributing factors, but there is no magic bullet.
There are many investors that strictly trade of charts and ignore all or most of the macro data, and do just fine. (and save themselves hours of useless parsing over economic theories or guestimates of where numbers like NFP or PMI will come in).
not even worth replying too…don’t you have a 100 useless links that you feel need posting I mean anyone who invests in uranium or pms will see all that you repeatedly post on their own watch list…gee man get a life
August Gold is struggling to hold above a 1217.50 Hidden Pivot support and would need to pop to at least 1248.30 in the next 3-5 days to get out of jeopardy. Failing that, we might expect the futures to continue down to at least 1194.40 in search of traction. That is the midpoint Hidden Pivot of the large corrective pattern shown, and it seems likely to provide a great bottom-fishing opportunity if and when it is touched. In the meantime, I’d suggest trading with a bearish bias, presumably by shorting minor abc rallies at D targets or p midpoints, or by using ‘camouflage’ set-ups to initiate such trades with-the-trend.
From Rick Ackerman
TraderBill, you’ve posted much more than I have today, so I guess you’re the one going for the big check as a paid troll.
If you don’t like the links I post then scroll on by. Obviously the news releases from the real pros are helpful to some to stay abreast of the news or observations that market pundits make that actually have some substance. I realize they’d be lost on a person like you that seems to only post to insult and not to contribute.
Bang on though….. I like seeing “Nobody Knows Anything” in living color every time you post your Pro-Thoughts…. (ridiculous)
TB:
At every market turn in every market sentiment is at an extreme. No magic or bs to it.
Does your arrogance get you many customers?
http://www.321gold.com/editorials/moriarty/moriarty070617.html
no shit Robert tell us something any pro trader doesn’t know full well and its my point as at every top its to the moon and at every bottom its going to zero following the chart momentum indicators will not leave anyone behind nor will it not protect you during the declines. Just checked out that web site the guy has been calling for a US$ collapse forever maybe one day he might be right and of course claim his brilliance forgetting years of failed calls….typical know it all
That’s very funny. You are so experienced that you can’t even figure out who runs that website.
That call and the half dozen well timed calls before it say nothing about a moon shot or a collapse to nothing.
A pro trader talking about gold and silver would at least know who the players are.
sorry to burst your enlarged ego Bob but no trader in the FX markets knows or needs to know who you are…..I noticed you’ve not posted a standing banner at the site stating you’ve incorrectly called US equity markets and US$ trends for years but here is my opinion fwiw about pms…..include yourself in “nobody knows anything”….so typical….your advice is for the sheeple only, sorry!
ever sat on a spot dollar mark desk Bob while the Bundesbank has intervened or a spot yen desk while the BOJ is in the market, I have Bob, you ever sat with a $50 mill position in the currency markets Bob, you ever been a market maker in the FX markets Bob?…. I have, so please don’t waste any time trying to impress me, thanks!…..stick with the sheeple….there actually are people Bob with far more real experience in the markets
TB:
Many years ago I worked for Ross Perot. He gave everyone a long briefing about computers but made a lot of comments about people in general. It was his experience and mine that people who tried to bury you in jargon almost never knew what they were talking about.
If you went back and read all the pieces I have ever written you would have to go all the way back to, what would it be? You would have to go all the way back to today to find me calling for a higher dollar. Does that somehow qualify as incorrectly calling the US $ trend? I said a month ago the dollar was bottoming. How right do I have to get it?
But I am impressed with the way you signed off above referring to yourself as “typical know it all.”
I guess, you, Turd Ferguson and the Golden Jackass all qualify under the “Truth in Advertising” act.
When I was a 20 year old fighter pilot I soon learned that the most arrogant fools were the first to die. Your arrogance tells me all that I need to know. Like Perot liked to say, you are all hat and no cattle. Why on earth would someone with the knowledge and experience you claim to have bother with a board like this? You talk big but really don’t say much.
People here are more interested in hearing what might make them some money not listening to some loudmouth jerk like you spout off about a bunch of nothing burger.
What have you said here that made anyone any money?
Yeah, just read Billy’s comment above @ 4:05 pm – the guy clearly has no ego at all and really knows how to put together a cogent argument that proves a lot.
For the kids out there, the foregoing comment of mine was pure sarcasm.
Mathew:
I didn’t hear that. I did feel a lot of hot air. I was quite impressed.
The last time I saw that much hot air in action was when I plugged in a starter unit to my F-4.
I’ve seen this guy write a lot but darned if I can remember seeing anything that you could make money off.
Well you see, Bob, the guy is so special, and humble, that he doesn’t have to provide anything of value. We should just be thankful that he’s here at all.
Matthew:
Be still, my beating heart!
Lol 🙂
this place just keeps on giving me the giggles….right back at you Bob why are you here besides needing to impress sheeple with your pm’s calls and push your book no pro would bother to read,why?
It just cracks me up how so many low lifes who have 0 knowledge or experience knock those
who do just because I answered back in the same fashion as the Turds of the world or troll
matt does look at me I’m such a chart expert or Bobby I flew in WW2 so what!!!!!! Bob you
and matt try to bury anyone who disagrees with your opinion all the time you whack jobs the try reading your own crap!….so troll matt using your approach I’m not going to apologize for having a successful career sorry your not in my league….lol…my fault!!….you two are the biggest self centered hypocrites I’ve ever come across and neither of you have traded on a currency desk but kf course you’re soooo smart….fn puke!!
Well there you have it, everyone, Bill has traded “on” a currency desk. This means that only HE knows what’s what and cannot be questioned. Got it?
Seriously Bill, I am very thankful that I am not in your league. You’re the guy that thought Rick Rule “slipped up” when, in fact, he was precisely correct. Trading successes don’t make up for that kind of stupid, not in my book anyway.
Good point Matthew. We have no idea who this character is…. He can say whatever he wants and pat himself on the back all day (which seems to be the only thing he is actually a “Pro” at based on a week of nonsense comments).
The Emperor is wearing nothing at all…….
Ex, there are strong arguments and there are weak arguments but listing one’s credentials, as Bill did, is no argument at all.
It reminds me of an incident almost twenty years ago in which I explained aspects of the Federal Reserve and the monetary system to a young woman. She then became very upset and tried to defend her bubble world by informing me that she had a master’s degree and asking what my level of education was. Her desperation told me two things about her: 1.) she did not know a thing about the subject, and, 2.) she was very afraid that I was right despite her bluff to the contrary. That’s “currency desk” Bill.
“More bottoms than a maternity ward nurse” — that’s a beaut!! I may use that. . .
The Clinton News Network is Imploding in Real Time, Even Gets Abe Lincoln Quote Wrong
Much has been said about CNN’s recent foray into the subject of morality — holding opposition citizens accountable for the memes they create online. The idea that CNN would even think about investigating a person who jimmyrigged a CNN logo onto a WWF wrestling GIF is outrageous, indicative of an organization imploding from lack of leadership from within.
Who really cares about the juvenile GIF? Was it important enough to spend money and resources to find the anonymous poster?
Apparently so.
So instead of attacking Trump, the social media midgets at CNN thought it was a good idea to menace some internet troll with outing his identity, unless of course he behaved nicely hereinafter. One of the reasons they decided to withhold the identity of the Redditor is for his own safety. Very well. Then why the hell did Andrew Cuomo tweet this today?
Maybe Sunday’s moon will help out……… 🙂 http://www.321gold.com/editorials/moriarty/moriarty070617.html
bobs indicators have been pretty good, Im guessing of course but I think we could get a bounce, thats not to say we wont continue lower.
Goldminers bullish percent index $BPGDM
http://stockcharts.com/h-sc/ui?s=%24BPGDM&p=D&b=5&g=0&id=p74647105964
toss the 50 and 200 and apply a 25sma its a far better measurement of money flows and toss the RSI as it can stay overbought and oversold for weeks not a trading tool more like a windsock….GLTY….far too many chart watchers watch an sma that have provided no relevance in the past
On the Goldminers Bullish Percentage Index (BPGDM) which we’ve discussed on here a number of times as arrow in the quiver, and I’d submit that the 50 day EMA and 200 Day EMA crosses have been quite useful.
In addition, watching for the RSI to dip down below 10 has repeatedly been a good place to start accumulating the miners, even if it stays overbought for a while. You’ll note the correlation to all the bottoms on the BPGDM chart when the RSI dips below 10. It’s not rocket science.
http://stockcharts.com/h-sc/ui?s=%24BPGDM&p=D&yr=3&mn=0&dy=0&id=p87959561672
you really are a simlpeton….read what I said the RSI is not a trading indicator but a heads up windsock and you should have the correct sma on every single chart and it so happens the 50.200 does nkt provide value….try and learn a new skill pal
Used appropriately and in conjunction with other indicators, that windsock can have value. You’re the simpleton for not knowing that.
Agreed Matthew. The whole point is to know when to start positioning, and any investor that has done so when the BPGDM had an RSI below 10 has done very well catching the bounces. Pretty simple.
When the 50 day EMA and 200 day EMA cross, they confirm the trend. Maybe you need to learn the new skills pal.
Also, very few traders use a 25 day SMA, so don’t act like that is the goose that laid the golden egg. Ira Epstein uses the 18 day. Some traders only use the Fibonacci SMAs or EMAs. Most use the 20 day SMA, and that tracks the money just as well.
Get off your high horse TraderBill. You have an opinion just like everyone else. So far I’m not very impressed.
Ex you mistaken me for someone who gives a sh!t what you think about anything….I dont
Know I’m pointing out how you don’t seem to have any firmer grasp on technical analysis than any of the other throngs of investors chiming in on their special indicators all over the countless online investor sites.
You’re the one breaking your arm off patting yourself on the back for a wacko indicator and some “pro” narrative you keep moaning on and on about. Nobody cares. Post some helpful charts or offer something of real value.
Tearing down other posters just shows how small you are…. You aren’t the first and won’t be the last, but I doubt you’ll last here long. More than likely you’ll move on in a huff and puff about how smart you are and that you don’t have time for simpletons like us. Let’s just move this along….
matt your so angry….Im sorry your long and wrong wow take a chill pill….whatever you say what ever you post its ok….everything I say is wrong your the best….gee I hope you dont harm yourself….obviously you don’t have the intelligence to understand pros are a major league above you but thats ok I’m sure what ever you do for a living is meaningful
I had no idea you and others are such simple investors……GLTY
TraderBill – The only thing you seem to be a pro at is insulting other posters and blowing hot air. If everyone here is too simple for you, maybe you should quit slumming it with the folks on the KER and find some other blog to be a nuisance on.
So far, I’ve read your posts for about a week and haven’t discerned any useful information for trading.
You beat on the Yen Gold correlation like you’ve discovered some real secret. Here’s a clue, we’ve discussed that dozens and dozens of times. We’ve also discussed the signal that the 10 year gives off as well. Nothing to see there.
As for your simply stunning 25 day sma to track money flows, it is just another moving average to track like the 20 day or 18 day. Wow…. what a pro….. 🙂
read my comment to you ex and perhaps write it down….now get busy posting dozens of useless links troll boy
Here’s a clue buttercup – so far I’ve written down nothing that you’ve posted for over a week.
I’m still waiting for you to say anything that could actually help another reader here with investing, but will be skipping your “pro” comments moving forward.
What I will write down is this Mark Twain quote for your brilliant mind to contemplate. Maybe it will help you understand why I’ll be putting your future trash talk on “ignore.”
_______________________________________________________________________
“Never argue with Stupid people, they will drag you down to their level and then beat you with experience”
— Mark Twain
TB… 25sma macd12,26,9 above price… anything else?
the BPGDM as you know is not a trading action chart to follow but one should not be fully loaded or adding while it trades below the sma 25 again its a momentum indication and when under….. momentum of which is how we all make money is not in play…GLTY
now does that sound like hot air…I only fart at the trolls and bob know it all along with the likes of Turd….just ignore me trolls or you just cant take reality from a pro….lol
TB your just playing the MACD ? What about buying weakness with the limited upside over the 25sma?
http://stockcharts.com/h-sc/ui?s=THO.TO&p=D&b=5&g=0&id=p72731577995
The Golden Age Has Just Begun
Some Things Actually Go Up Before and During the Fall…
In recent issues of Seasonal Insights I have discussed two asset classes that tend to suffer performance problems in most years until the autumn, namely stocks and bitcoin.
I thought you might for a change want to hear of an asset that will be in a seasonal uptrend over coming months.
http://www.zerohedge.com/news/2017-07-06/golden-age-has-just-begun
Sandstorm drills 105.5 m of 17.4 g/t Au at Hot Maden
2017-07-05 10:38 ET – News Release
Mr. Nolan Watson reports
SANDSTORM GOLD ANNOUNCES Q2 PRODUCTION NUMBERS AND HOT MADEN DRILL RESULTS, AMENDS NCIB
Sandstorm Gold Ltd. has sold approximately 12,700 attributable gold-equivalent ounces during the second quarter of 2017. In addition, new high-grade gold-copper intercepts from continuing diamond drilling at the Hot Maden project in northeast Turkey have been reported and continue to confirm the internal continuity of gold-copper mineralization within the main zone resource area and verify the additional resource potential south of the main deposit. Sandstorm has also amended its normal course issuer bid (NCIB) to allow for the purchase of its common shares through the facilities of the NYSE MKT or alternative trading platforms in the United States, in accordance with U.S. federal securities laws and as further described herein.
SLV x 3 Schiff forks:
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=11&dy=22&id=p87091234344&a=533117841
Barkerville Gold drills 7.5 m of 17.3 g/t Au at Cariboo
2017-07-05 08:05 ET – News Release
Mr. Chris Lodder reports
BGM INTERSECTS 17.30 G/T AU OVER 7.50 METRES AT VALLEY ZONE
Barkerville Gold Mines Ltd. has released additional drilling results from the continuing 130,000-metre phase 2 Island Mountain exploration drilling program at the company’s flagship Cariboo gold project. The company is currently exploring and delineating the Valley and Shaft zones with seven drill rigs, while an eighth drill rig is conducting exploratory drilling on Barkerville Mountain. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented on the company’s website.
Renewable Energy Surges Past Nuclear For 1st Time In Decades
By MICHAEL BIESECKER – Associated Press – 22 seconds ago
WASHINGTON (AP) — The United States in March and April got more electricity from renewable sources than nuclear power for the first time in decades.
The U.S. Energy Information Administration said Thursday that electricity production from utility-scale renewable sources exceeded nuclear generation in both March and April. That’s the first time renewable sources have outpaced nuclear since 1984.
The growth in renewables was fueled by scores of new wind turbines and solar farms, as well as recent increases in hydroelectric power as a result of heavy snow and rain in Western states last winter.
Construction of new nuclear reactors has slowed in recent decades, and March and April are typically low-production months for nuclear plants. The government says it expects nuclear plants to outpace renewables for the full year.
Faster, More Efficient Oil, Gas Drilling On US Lands
By MEAD GRUVER – Associated Press – 14 minutes ago
CHEYENNE, Wyo. (AP) — Interior Secretary Ryan Zinke is pushing for more oil and gas development on federal lands with faster permitting and more frequent sales of drilling rights.
Zinke signed an order Thursday requiring federal oil and gas lease sales be held in each state at least quarterly. Sales lately are occurring less often than that.
Epstein Metals TA:
Epstein End of Day TA:
https://youtu.be/NjTFNVXILYI?t=33
Sentiment is horrible in the PMs and justifiably so. I havnt kept in constant touch with the markets or the views on this site recently as Im travelling Australia. Occasionally glancing over the relative news concerning this issue over the last few weeks has allowed me to take stock and reassess. The PMs stink and show no signs of abating this sentiment. If anything its getting worse.
I know certain factors (summer doldrums, interest rate rises, continued strength in other sectors) contribute to the current slumber in PMs but what about the US $ breakdown, geopolitical tensions and the never ending spluttering of the world economy?
Whether its manipulated or not (and I think it is for what its worth), gold, silver and the rest are capped so strongly, I dont know what its going to take to break the resistance. Only time will tell. But that in itself raises more questions than answers: What time frame are we dealing with here? What state will the rest of the world be in if gold and silver reach new highs? And so forth it goes.
Realistically, gold is some $300 off clearing immediate resistance levels and silver nearly $10. That is alot work to the upside that just wont happen in this current climate… Especially considering the US $ dollar breakdown. Granted, the inverse relationship between the two is not always set in stone. But when the $ breaks two main levels of resistance (without being an expert, the 100 mark and 97 handle were mentioned by some as significant support levels that I agreed with) to the downside and the metals behave this way, one has to think that the bears continue to hold sway in the PMs.
I dont know when this bear will die in the PMs but it certainly hasnt yet. At these levels, gold and silver are veering towards that zone of undoing all their good work over the last 18 months. I know the waiting game is a bore at times, but it appears the most prudent move (or non-move if you like) at this time for those who consider themselves investors more than traders.
Silver flash crash or data error?…
http://www.kitcosilver.com/charts/24hoursspot.html
(I hope the print is real.)
Bullion Vault, too (and Gold):
https://www.bullionvault.com/gold-price-chart.do
If real, the GSR just blasted to up to test its multi year high set in March, 2016…
http://stockcharts.com/h-sc/ui?s=GLD%3ASLV&p=D&yr=1&mn=7&dy=0&id=p44436481212&a=521820217
Matthew:
I think that was bad data. The ratio hit 84-1 in March of last year and it’s now a little over 76-1. According to Bob Hoye if it goes over 78-1 the financial system is highly stressed.
I’d be a buyer in here. Silver is cheap and gold expensive. Platinum/gold has touched negative $340 three times since early May and bounced off.
this is a pefect example in slot silver as a client leaves a large order if siovef trades below $15.67 (I will leave you idiots to figure out its significance) sell $400 mill of silver so the desk with the order triggers at the open a trade below $15.67 allowing the stop loss to kick while the trading desk sits on the much lower bids scooping up far more paper silver than they could by paying the offers….went on all the time in the currency markets I should know I did it….so mr bob or troll matt yoh two ever come close to REAL TRADING….you two wouldn’t rate to write my tickets….yah and I’m the idiot….OMG……tell me another very old war story bob cause it so applies here
TB:
So you are working for someone else doing exactly the same thing as hundreds or thousands of other guys. Ain’t I impressed?
Running the stops.
Isn’t that what the traders do just before they move a commodity in the other direction?
Who was that guy who just predicted a bottom? He said silver and gold was going to bottom a month ago and just followed up with a more accurate time frame.
Do you think he could get a well paid job shining your $1500 shoes?
not even remotely close bob….your patting yourself on the back already what a typical a hole amateur….never owned $1500 shoes $500 yes …..no bkb the buyers were already well SHORT….omg its really simple bob, you really do know nothing no wonder your book was an easy write up…lol
TB:
So you don’t understand what running the stops is. I get it.
bob I would never ever allow my ego to suggest I could tell you how to better pilot a plane yet you have never traded currencies to make a living and yet your fn ego is telling me I dont understand…my god man you really are the complete @#@!! I thought you were……yup ykh and troll matt sit in the stands and yell at the pro plager your a bum….wow!!!!
TB:
You keep bringing up meaningless crap. I don’t need to have traded currencies to make a living. But then I’ve never driven a race car or been in the Tour de France or performed open heart surgery.
But if I can predict something with accuracy that can make people money, why shouldn’t I? I went on record a month ago with tens of thousands of people reading what I said and any of them could throw rocks if they wanted. Unlike every other commentator on the web every single piece I have ever written is still on the web and available.
I’m made some rotten calls. And they are still up. And I’ve made some brilliant calls. But my site is not designed to stroke my ego. You seem to have some giant ego problem where you have to be the smartest guy in the room and everyone else is beneath you.
I happen to know that Matthew and Excelsior both have made millions over the last 18 months doing exactly what they have shared with everyone on this board. Either of them could start a subscription service tomorrow and take millions a year from subscriptions. In some ways both of them are better than I am and I’m not bad.
You blow a lot of hot air but I don’t see anything that makes any money for readers and it seems to me this whole exercise is about you thumping yourself on the back about how smart you are and how dumb everyone else is.
You think that at 70 I can’t recognize a Rhinestone Cowboy?
bob go to bed your obviously drunk and your embarrassing yourself in public…you old fool….I feel sorry for you
TB:
I don’t drink and you are not the public.
You are using a tactic psychologists call “projection.” You project onto others your value and beliefs. You are so insecure that the only way you can be comfortable is to insult others. You make yourself look big by trying to make others look small.
For sure you are a Rhinestone Cowboy. You keep ignoring my request that if you are so flipping smart, what exactly have you ever said that anyone could make a dime off? You are either here to help people make money or to stroke your pitiful ego by dancing with the plebs. Which is it?
wow bob you need help….professional help….good luck!
Ha! There’s the pot calling the kettle black….
Bob M – Great points about his use of “projection” .
The last paragraph you wrote to TraderBull says it all…..
“For sure you are a Rhinestone Cowboy. You keep ignoring my request that if you are so flipping smart, what exactly have you ever said that anyone could make a dime off? You are either here to help people make money or to stroke your pitiful ego by dancing with the plebs. Which is it?”
Flash crash….thanks
Maguire predicted major crash in silver would happen yesterday or today.
BUYING SALE……someone manage to pick some up cheap!
No. Maguire predicted that it would surge meaning going up, not crashing. He said any dips will be shallow.
No. He said major buying would occur yesterday or today.
Do you seriously think a major buyer is going to drive the price up?
Does anyone use Econ 101 theory in manipulated markets?
JPM certainly doesn’t.
Jul 5 Appologies but the delay is small.I will update 48 hours ahead, billions of physcal orders will hit the offer.Physcal backed Gold AND Silver
CFS,
You stated that Maguire predicted a major crash in SILVER would happen Wednesday or Thursday. Now maybe we are not talking about the same prediction because I am referring to his prediction about a significant surge in the price of GOLD which was suppose to happen on July 5th which did not happen.
http://kingworldnews.com/andrew-maguire-major-event-to-create-massive-gold-price-surge-in-26-days/
But I have feeling that we are referring to the same silly prediction.
JMiller- He actually predicted a “major event” to create a massive gold price surge. He didn’t give the date for the surge, only the event that would lead to it.
Thanks for the clarification Matthew. I know other people who also thought the same as I did. What was stated was not very clear.
Such headlines are probably structured that way on purpose in order to get “weak hands” to take positions before the event. It’s not very nice but it’s not bad for the bull market either.
Maguire admits he was wrong about his prediction of a major event happening on July 5th and of course makes excuses.
“Silver Bogey”
http://www.trendlinemagic.com/2017/07/silver-bogey.html
Maybe sooner than expected?
Mcalavany>
https://www.youtube.com/watch?v=tLN93qrasN4
Silver .. $15.75
Dang that was a flash crash….$14…..have not seen one of those in a couple of years.
Bottom is in……up we go..
OOTB,
It looks like gold and stocks are about to get routed here. Gold for another month or so. The conventional markets are going down for the rest of this year. Not pretty..
everyone see the BOJ news as they are jn full panic mode….I bet the silver desk got wind of their intentions to buy Unlimited 10yr JGB
$YEN reaction will determine golds trend…….wow with US NFP Fri is going to be exciting!!
troll matt Rick Rule was completely in the wrong using the interest rate cycle of the late 70 early 80 regarding todays rising interest rates..and gold…its a completely different world today and I traded physical silver back then while you were still on moms teet…..my goodness man your reading skills are that of a 6 year old
Bill, go back and listen to exactly what he actually said and leave out your assumptions this time and you’ll see that he delivered a historical fact.
Something tells me you’re just pissed and confused since the rate hike cycle began 18 months ago. Don’t worry, you have a lot of company. I, on the other hand, warned here for years that the coming rate hikes were nothing to worry about and, whaddayaknow, they haven’t been.
We had another guy here that was just as full of himself as you are back in September 2015. He was sure that the coming first hike would crush gold. I bet you and he are one and the same.
post all day all night EX I could careless what you say to me…why would I…go crazy as obviously you dont have a life outdside this blog…..sad
TB,
Your therapist called and wondered why you missed the last five sessions. Plus you have not refilled your prescriptions and he sounded worried.
Steele – you may be on to something there.
Trader Bill:
How about posting a link to the BOJ news.
I flagged the BOJ the other day wondering if they were losing control of the JGB10YR.
What says you?
That would entail contributing to the site.Dont hold your breath waiting for said contribution
+1 Wolfster
+10 Excelsior
If tonight’s silver action is for real, that 14.34 low happens to be a very interesting (supportive) level:
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=7&dy=0&id=p84066840909&a=533162319
Time & Sales – appears real:
https://s22.postimg.org/47ohp72u9/SLV-201707-_Time_Sales.jpg
Minute chart (lowest):
https://s2.postimg.org/5ujrevdpl/SLV-20170707-_Minute.jpg
The round number 14.50 is very interesting!
Just as interesting: GLD bounced at 115.50 !!
If these hold, significant bottoms may match the coming full moon.
This was linked to at Kitco:
https://www.marketslant.com/article/silver-drops-10-1434-bounce-gold-trades-121850-reopen
I’d like to see the COT report now!
Matthew:
Naw, what you really want to see is next week’s cots.
That’s actually what I meant. I’d like to see it NOW not next Friday. This is good stuff happening here.
The longs will be bailing to beat the band. The comparison between today and next’s weeks report will be most interesting
Yes, it might even be surprising.
July 6, 2017 11:53 p.m. ET
By
MIKE MURPHY
Tesla Inc. announced late Thursday it would build the largest lithium-ion battery storage project in the world in Australia. In a statement, the company said it won a competitive bid this week to provide a 100-megawatt Powerpack system that will be paired with a wind farm near Jamestown, South Australia, “to help maintain the reliable operation of South Australia’s electrical infrastructure.” Tesla TSLA, -5.58% said the project should be completed by the end of 2017 and will power 30,000 homes. South Australia was hit by statewide blackouts last year after a storm damaged its power grid, and in March Tesla co-founder and CEO Elon Musk announced a plan to use renewable energy and storage to help solve Australia’s energy problems. “This will be the highest power battery system in the world by a factor of 3. Australia rocks!!” Musk said in a tweet Thursday.
Greg Hunter Weekly Wrap:
https://youtu.be/NROKoP9zaaA
Turd, really, this guy has seen more bottoms in gold and silver these past 5 years than a maternity ward nurse. Forecasts mean nothing the money flows are the reality guide, heck even anyone long Tahoe THO using a MACD momentum indicator and a simple avg of 15 you would have sold before the 60% decline
ya know when someone scratches their head wondering why gold and silver fell while the US $ fell should ask for help as the reason was because the US Ten year was climbing from 21.21 to 23.90 as yen fell 2 cents, its not about the US$ hasn’t been for years….just as the CDN$ bears were caught off gaurd as oil fell yet the loonie rose, why the BOC has flipped from Dovish to Hawkish turning the CDN bears bullish
OK trolls earn your money and spin your BS