Earnings Driving US Markets and Precious Metals Continue To Drift Lower
Ed Moya, Chief Market Strategist at Oanda joins me today to share his thoughts on the strong earnings that were released today. This is helping drive the US market to within 1% of all time highs. We are also seeing the USD break higher and gold continue to drift.
It was options expiration day….
I took advantage and bought another 300 oz of silver……on sale.
CHump change……compared to the 1.5 million on the last go round ……lol
Option expiration was last week according to the calendar
I thought…….but, it is good to know.
Marc……use to let us know each mont……but, he has gone missing….like so many others…….. 🙂
Posted this morning
Gold futures suddenly took a turn for the worse this morning as ‘someone’ once again decided that 0830ET was the perfect time to puke over $1.5 billion notional
Reply to this comment
On April 23, 2019 at 6:43 am,
OOTB Jerry says:
Over 11,500 gold futures contracts suddenly dumped
Wonder how many more times we will see this at …..8:30 am ny…..PPT finger on the trigger……almost comical …….this reminds me of a couple of years ago……same old crap……….
Reply to this comment
One has to estimate where BOA or JPMorgan bought their options and then deduce where they will force the price close to expiration to give them profit.
It is a bit tricky because you might think their massive dumps to manipulate the price gives them an average or base price. However, it often doesn’t, because their dump forces out lots of stupid people using margins and so they pick up lots of options around their dumping price to neutralize costs.
There’s nothing like making the market AND knowing where every body else is on margin to have a winning game.
I don’t think anyone around here is smart enough to know when the dumps are coming….
Estimates………do not cut the mustard.
Tricky…..is the middle name for the FEDSTERS, Central banks, and the TBTF.
Same old game which has not been broken, …….Get your friend Trump on the stick.
END THE FED>and get back to REAL MONEY.
Anything short of that is BS………and this game will not stop…..
Historically, it is proven…..time and time again., that seems to pass over everyone’s head….Just saying…… 🙂
and again
On April 23, 2019 at 9:54 am,
OOTB Jerry says:
April Silvers physical demands have done nothing since last week as the count remains at 1 and with zero Volume up on the board so far this morning. The buyer that was attempting to accumulate seems to have given up or has not placed his order as of yet, so the wait game continues to prove supplies are still keeping things going (for now). Ag’s Overall Open Interest lost 3,007 Overnighters bringing the count to 218,033 obligations in trade, with 2 days left before the options expire and the rollovers are complete.
More…from……jsmineset……
That damnable CARTEL again! (I’m sure the USD Index about to break out higher and record stock prices have NOTHING to do with gold staying hemmed in.)
Wonder who gets the discount from the cme on the commodities trade…….lol
http://usawatchdog.com/ you might enjoy it………… 🙂
Especially since the CME Group, which operates the major futures exchanges in the United States, has just renewed what it calls its central bank incentive program, which gives enormous volume trading discounts to governments and central banks f
You should go and look at the charts…..on the dollar and gold price…..kind of funny it happen instantaneously…….lol
Nearly all markets are manipulated to some degree by central banks.
I certainly did not know that the CME….was giving so much help…..to the central banks
EBO………did you get an opportunity to read b’s post on JFKand Bobby…and Israel
No I was not aware of this link, thanks.
Most of what I heard ties the JFK assisination to the Johnson and the CIA plus some other swamp creatures. I have not heard about the Israeliars.
Corey, are you going to fix the link to the interview? (Sorry, I can no longer help out with this (i.e. provide the link) as I have in the past due to changes to the KE Report Web site.)
A lot of dots are getting filled in……..
I am thinking , I need a sewing machine……..with some gold threads….lol
Mr. Temple, no one here was speaking of a CARTEL. These smashes, however, are not difficult to recognize as such, since they are always, Not For Profit sales in the billions of dollars magnitudes.
How many Not For Profit, all-at-once, during low volume hours sales, have you made lately?
Silver on Sale! Special pricing on American Silver Eagles
Peter Schiff
SD had silver on “sale” too I think.
Time to buy, nobody or very few seem to want it.
Personally I think the price of PMs will head lower into the doldrums.
How’d you guys listen to the interview?
I did not ….listen…..
Like Dick Tracy ….once said……..I am just a Poster Child…….. LOL
When did he say that? And what exactly did he say?
I know he does not particularly care for me…perhaps because I have not walked 18 miles in his shoes. 🙂
(He said he walks 18 miles a day…must go through a lot of shoe leather.)
His quote on the poster child , was about 4 years ago…..or about the time HH was here…
He did say, he has not been in a car for awhile, and does own one….I think,… check the record , I think it is around the vegan conversation…….
Hi Ebolan, I had the walking disease, the endorphins were grate, but I had to reduce the amount of walking as it was affecting my metatarsal and Achilles heel. When I buy shoes I purchase about five pairs of expensive well made leather shoes once a year when they are on sale. I also must get the heels replaced at least once per pair, by then the souls are worn out. Only Fred Flintstone wears out shoes faster than I do, especially when he comes to a stop. LOL! DT
Dang, 5 pairs of shoes at a time. You must spend a lot of time in shoe stores. But that’s OK. Heck, I met my solemate at a shoe store! 🙂
I would run but too rough on the knees and plus I got a family history of bad hips so I bike when I can.
But probably the best exercise as far as being low impact on the joints is swimming.
I also must get the heels replaced at least once per pair, by then the souls are worn out.
Don’t wear out your souls or you’ll never make it into Heavan! 🙂
Souls should be sole, and grate should be great, I was watching the hockey playoffs last night and The Toronto Maple Laffs as they are known here got beaten by Boston and are out for another season. The Laffs are loved by their fans although they haven’t won a Stanley Cup since 1967 when Johnny Bower was the goalie. Most people can’t afford their tickets anymore so they stand outside the stadium in the freezing cold watching the jumbotron, that is loyalty! DT
That’s what I thought. The link is messed up.
Odd that no one pointed out that you can’t listen to the interview.
Could it be that everyone here comes to the site just to comment and not listen?
Guilty as charged……lol…some stuff we already know….
Ira’s metals
Gold News Digest
Thursday 18 April 2019
Global gold production to hit fresh record in 2019
New report “debunks commentary calling for peak gold.”
read »
Shortage? laughable.
Now with demand at low points more supply is coming to market, recall the huge potential of others talked about as well.
I dont know about psychology but it still looks to me there is more supply than demand and is going to continue that way for a few years minimum.
Hey boys, Uncle Joe will announce he is an official candidate for Emperor on Thursday!
I know you boys can’t wait!
What a circus! Uncle Joe, Grandpa Bernie, Buttyfug, Kramala, Pokey Haunt US and too many other jokers to bother listing…or let’s not forget Butto O’Dorke! And Nancy Blowsi will be egging them all on.
But I’m sure whoever wins, it will be Israel!
Make Israel Great Again!
And of course the Deep State and Swamp cannot lose…we all know that.
He needs to run , so he can keep kissing those 6 yr. old girls…….
and keep the sick society in place……LBGTQXYZ
I posted this earlier for you……just in case you missed the new california..
https://freedomproject.com/the-newman-report/1077-pedophilia-being-taught-as-sexual-orientation-in-california-schools
I tell you Jerry, Commiefornia is a cesspool. There’s just no other way to put it.
It is a real shame,…..just unbelievable ….
COMEX Gold expiration DATES:
May Gold (HROK19) 28 May
June Gold 25 June
July Gold 30 July
Aug Gold 27 Aug
Gold pierced the 600 day EMA and 144 day SMA today before catching a weak bid…
http://schrts.co/rMmxCRyy
Maybe it will finally reach Rick Ackerman’s 1262.xx target tomorrow. It looks like it wants to. What I do not want is a weekly close below the 600 week SMA (currently 1261.56)…
http://schrts.co/qSqpiIWQ
I was thinking around $1250 but that’s just wishful thinking. (;-) Do you think that this chart is rolling over? Looks like it IMHO.
I agree that it is probably rolling over but it will be awhile before we know if we’ve seen a significant top.
Here’s GLD:SLV:
http://schrts.co/djvDguCp
Thanks Matthew, here is a weekly chart that may outline my guess better.
Doh! Can’t post a weekly for some reason…
That one worked. Here’s one showing significant fork resistance just above the current level. Notice the potential for a double top. Watch for a break of that neckline (blue):
http://schrts.co/BdSvTezk
GLD:SLV version:
http://schrts.co/feQsXrka
The main risk to our view is probably a stock market crash or panic. That could briefly send the GSR significantly higher. But if stocks begin a downtrend without crashing, we should be fine.
Higher highs but the RSI is getting lower highs. Thanks. I like that last chart of yours.
Whatever happens, it’s hard to be fearful of silver relative to gold for anything beyond the short term.
GPR up 11%. UEX up too even though the bids are small and the asks are large. I own both. More UEX than GPR.
UEX should do very well once uranium gets moving…
http://schrts.co/vfDmrFkC
I finally got around to studying the “works”
From Matthew, Isaiah and Tobit…they seem to vary slightly over the centuries,
The works include:
To feed the hungry.
To give water to the thirsty.
To clothe the naked.
To shelter the homeless.
To care for the sick.
To visit the imprisoned, and ransom the captive.
To bury the dead.
And guess what…….that was works under the law. prior to the cross, ….which is not the gospel today, which is after the cross…..The death, burial and resurrection is today’s gospel ….
OFF TOPIC:
Some Questions from Q…..
If the dossier was known to be unverified and fake, how then why was an investigation started to begin with?
At what point did MUELLER determine there was no collusion?
(At the OUTSET?)
Was the investigation kept ongoing as a ‘talking point’ to rig the midterm elections?
Was the investigation kept ongoing to retain the ‘BLOCKADE’ to essentially restrict POTUS from unmasking and informing the public as to the TRUTH about what really happened?
Was the investigation kept ongoing to PROTECT THOSE WHO ‘KNOWINGLY’ COMMITTED TREASON/SEDITION?
With the Mueller investigation over, the Democrats, aided by the fake media, are drumming up impeachment talk in order to now keep Trump occupied.
The Fourth Estate is now a Fifth Column……
undermining the Executive Branch of Government,
trying to pin it down from further action.
May the indictments come soon for all the miscreants.
HAH! BOYS I FIGURED IT OUT!
HERE’S THE LINK TO THE ED MOYA INTERVIEW IF YOU WANT TO LISTEN TO IT!
AND YOU ARE WELCOME! YOU TOO, CORY! 🙂
http://www.kereport.com/wp-content/uploads/2019-04-23-Ed-Moya.mp3
Yes, I do occasionally use my head for something other than a hat rack! 🙂
Well, it looks like Cory got it fixed this morning.
Interesting…he has the interview in a new file, not the one I posted (which still works)…wonder why?
http://www.kereport.com/wp-content/uploads/2019-04-23-Ed-Moya-1.mp3
Hey guys I just re-uploaded the file – that’s why there is a ‘1’ behind it. Sorry about the issue when it was first posted. For some reason it didn’t upload correctly then I was in meetings all afternoon.
Ok, it all makes sense now.
And thanks for the update. I know you’re a bigwig with a million things to do so thanks for getting back to us here in the peanut gallery.
Hey Jerry, you out there?
If so, you see this?
Netanyahu: I will name a Golan town after Trump
https://www.jpost.com/Breaking-News/Netanyahu-I-will-name-a-Golan-town-after-Trump-587690
Wonder if Trump will reciprocate? How about changing Gary, IN to NuttyYahoo, IN? Kind of catchy? What do you think?
Maybe Trudeau will reciprocate…change Ontario to Bibiville…and I bet b would love it! 🙂
Trump needs a town in “Go..to the Lawn”….for his new golf course….Nitty will be his caddy, … 🙂
Hey Jerry, good to see your up and at ’em this morning!
I even got that interview for you! And the rest of the boys, too!
And I just heard Mayor Buttyfudge gave a raw-raw Go Israel speech! Wants to keep funneling our tax dollars to the Israelie gooberment!
Also, Buttfudge wants is all for putting the screws to Manning. So young Mayor Pete is just another tool of the Deep State. Hey, but the MSM as selling him as so cool because he’s gay! And a metrosexual. LOL
So Indiania gives us Pence and Buttfudge! What the Hell is wrong with the people of your state. Sounds like their as screwed up as the people of Commeifornia!
Hah! That should be rah-rah, not raw-raw…although Buttyfudge will give you a raw deal courtesy the Swamp and the Israeliars.
I tell you Boys…what a freak show…Mayor Buttfudge, Butto O’Dorke, Pokey Haunt US, Creepy Uncle Joe, and crazy old Commie Sanders…and there are what, 20 other freaks in the DemonRat freak show?
I am going to talk to one of the super delegates about this……he already said, AOC was an idiot…..
The swamp has been strong around Indiana for a Loooooooog time
Old Richard Lugar , and Agnew scandal, which no one talks about.
Buttfudge, is just leakage out of Chicago…..
We already have his number……gay, Rhodes boy, like Lugar , Clinton…
As you can see, the Public educators , controlled by the perverted minds in Washington, are making everything perverted seem normal.
He and a she, and a thing and a it,….the public school teachers are in real trouble, when they do not know what term to use for a child in the school system…..Obama and the bathroom started the latest perversion…..Now Starbucks has to have a needle delivery system for the druggies….do not send your children into the bathroom alone, before you check for needles…next , they will be forgetting to flush the toilets, unisex toilets, watch for the needles on the seat……dang rant of the day…….sorry….could not help myself…
It’s amazing how f’d up the culture has become. I remember thinking how f’d up it was in the ’70s. Couldn’t imagine it could get worse. Now it’s so unbelievable…you got transvestites in drag going into public libraries putting little kids on their laps and reading stories to them and this is considered normal. And if you disagree you are accused of hate crimes.
Not to mention in cities like San Fransewer you got piles of human feces on the streets along with needles. And this too is considered normal…or at least certainly tolerated.
Mark my words, this will spread across the country and it will be considered normal everywhere. It will take time but it will happen. And if you doubt that just consider all the unimaginable things that are now considered normal.
We are living in REAL INTERESTING TIMES……….
Adelson is a big donor to Trump’s re-election campaign. Also, gave the Republocons 100 million.
So much for Trumpy saying he couldn’t be bought.
I think Trump is Adelson’s caddy…and like a good little Goy, Trump is licking his Jewish golf shoes.
Hey Jerry, getting back to that poster child for a second here…who are you supposed to be a poster child for? And why? I never did understand. Sorry.
Poster child , for no one…..DT….was just joking, …or remarking because I posted so much stuff……. 🙂
Oh…sometimes the humor goes over my head…
Did you listen to the Moya interview?
Not yet…..
Ebo…….just finished the tape……..
Maybe when I “retire” I can get a job fixing the KE Report Web site. 🙂
Hey Jerry, what happened to Ex? And where’s Whit?
Both are wore out…… 🙂
Ex, from posting and researching so much,
and Whit reading so much…..lol
Bob M is calling for a market crash possibly within the next few days. The resource market looks pretty dead to me. With all the credit expansion we have had over the last fifteen years, I keep thinking, ” How much of a readjustment may be required to place the stock market in a sound position.” Now could be a good time to be in cash and sitting on the sidelines. The stock market depends on the money situation and The Fed is apparently mopping up liquidity. If that is so we could see a big money pinch bringing this market down. The Fed caused the money troubles we are now having they will probably be the cause of a massive decline. DT
Here’s the link: http://www.321gold.com/editorials/moriarty/moriarty042419.html
As Bobby said…….Some Day…….I am more on his side …this market is well extended.,
But, …a lot of top dogs are saying….it is going to CRASH UP….
When top dogs all agree, you have an even greater contrary indicator than when the retail guys agree. In August, 2009, virtually every expert was very bearish stocks. Those who were short then never had one chance to cover at anything other than a loss.
Good point……
Just think of all the money that takes positions based on those experts’ opinions and you can see how their agreement uses up retail firepower.
BIG DITTO….on……Fed caused the money troubles
https://www.zerohedge.com/news/2019-04-24/if-getting-ahead-depends-asset-bubbles-its-not-getting-ahead-its-gambling
If “Getting Ahead” Depends On Asset Bubbles, It’s Not “Getting Ahead,” It’s Gambling
Beneath the endlessly hyped expansion in gross domestic product (GDP) of the past two decades, the economy has changed dramatically. The American Dream boils down to social and economic mobility, a.k.a. getting ahead through hard work, merit and wise investments in oneself and one’s family.
But something changed in the aftermath of the dot-com bubble bursting. The fruits of financialization–highly leveraged debt gambled for short-term gains in markets–were extended to everyone with a job (or a willingness to lie) via liar loans, no-document loans and subprime mortgages.
The only way to “get ahead” in a globalized, financialized economy is either 1) earn at least $200,000 a year from one’s labor or 2) gamble in the inflating bubbles of stocks and housing. In high-cost regions, even $200,000 isn’t enough to get ahead (i.e. buy a crumbling bungalow on a tiny lot for $800,000) if the wage-earner has student loans and/or children; the household needs two earners making top-5% salaries.
15 to 24 year old males versus UE claims, below. The diving participation rate for young male adults is pretty hard to miss. The negative implications of the declining employment rate (coupled with record student loan debt) on financial insecurity is driving family formation and fertility rates to record lows.
Below, working age population growth versus annual federal debt growth as a percentage of total debt, and Federal Funds Rate. As population growth and potential consumer growth decelerates, so do interest rates to encourage inorganically high economic growth via federal, corporate, and personal debt. Given a recession is highly likely at this point and population driven growth is essentially zero;
XAU swing low today so far…Looks like another leg down befor this intermediate low forms……On weekly chart is noteable that hammer candle is taking shape
If we get a couple of closes above today’s high, I think the odds will favor an intermediate term low (despite that ugly top pattern):
http://schrts.co/ntfvzqNJ
Totally interesting chart M…..I happen to agree that this is the buy zone right here and now….I wait for dollar to cap and go long nugt
Gold Bounces Off Key Technical Level, Erases Earlier Plunge
Dave Kranzler: Today’s paper gold raid and fake financial journalism
Submitted by cpowell on Tue, 2019-04-23 18:39. Section: Daily Dispatches
2:37p ET Tuesday, April 23, 2019
Dear Friend of GATA and Gold:
Today’s paper-market raid on gold was another instance of market manipulation, Dave Kranzler of Investment Research Dynamics in Denver notes, as the seller unloaded his mammoth position all at once rather than gradually, which would have enabled him to obtain better prices.
Of course we’ve seen such manipulative smashes a thousand times before, so Kranzler’s commentary today may be more welcome for taking a crack at another oblivious market analyst at Kitco, Jim Wycoff, for his trying to contrive an explanation for the smashdown that fits with ordinary market action. Fairness to Wycoff requires noting that nearly all monetary metals market analysts are just as willfully blind lest they impugn their “technical analysis.”
Kranzler’s commentary is headlined “Tuesday’s Paper Gold Raid and Fake Journalism” and it’s posted at the IRD internet site here:
http://investmentresearchdynamics.com/tuesdays-paper-gold-raid-and-fake-…