What is causing the huge volatility in the markets this morning?
Click download link to listen on this device: Download Show
BINGO!
At your local Catholic Church?
Don’t care what language they speak.
They are proving to be smarter by the day!
It’s almost certainly the Chinese, Al. They’ve been packing gold away – “… for the next 300 years” as Rickards has put it – as fast as they can. Now, they’re accelerating the pace of their buying while the US$s they hold are still worth something and can still – for the moment – buy gold here in the $1300 area. Their calculus is “how fast can we dump our US$ and buy gold with it WITHOUT moving the price upward too quickly. They backed off in mid-March when they saw how easily gold was moving to the upside. But all along, ever since late December, I suspect they’ve been the “Backstop”ers of these “smash jobs” and this morning was another example.
Never disagreed with you.
I know, Al, I was just expounding further on the subject for the benefit of others.
only have to read some foreign news……..and get one’s head out of the US MEDIA.
I POSTED YESTERDAY……………USS DONALD COOK , has radar jam , by Russians Su24, the US bully has got caught with their pants down, the Russians now have superior technology of war fair……………………..
warfare…..sorry…………..
Don’t know if they have overall superior technology, but they seem to have equal technology.
LOL! Russians do not have superior technology.
I have no idea about the technologies. I do know the pentagon wastes our money by the trillions on BS. That’s the only way the Russians could even be in the running–they’re serious, while too many on our side are serious about filling their pockets.
you got that right on the pentagon……..plenty gone…
Agree with JMiller about our technology.
Also agree with J…the long: forget about Fox, NBC and its affiliates, and the rest of the corporate media that’s turn tabloid at best, but more like afternoon soapie reruns: Now where’s that damn plane anyway, surely it must be somwhere in that big ocean; and what’s the latest blah, blah, blah about anything to do about nothing?
I believe that the word I used was “equal” and I implied “in this case”.
And that is why I spend most of my Tv time (less and less) on The Golf Channel.
thanks bj………..
Flight 370 is just news fog. Flick the channel as soon as it comes on. Total BS. The whole story is just meant to distract weak minds from what is really going on in the world behind the hyped news of the day. Basically it’s just a soap opera to command the attention of the dumbed down masses……..but you knew that I am sure.
yesterday, the USS COOK…….GOT COOKED……..and that was technology……
Double DITTO, Jerry!
I guess all the shorties will say they saw it first………….
As they say a day late, and a dollar short…………………
I don’t think every reaction pop in gold is based on China buying, the same sellers taking gold below $1280 would be looking to reverse that position when the Ukraine news came out, Russia deploying fighter jets….the trend and this early am action in gold was a bearish continuance ….at least gold reacted correctly with the war drums a banging…now its all about closing above key resistance levels to become Bullish
Its option expiry today for both gold and silver
ootb, first Ive seen of “jamming” capabilities, pretty powerful.
I do no those s-300,400 and 500s are wicked.
I do think the ameicans ar vulnerable over there, but really, all putin has to do is say he wants his 250 billion for gas as he doesn’t trust the “junta” government in Ukraine.
Might even mention he doesn’t even want gas going thru Ukraine for fear of theft, that might cause Europe a little concern.
bb……….this is a BLACK SWAN EVEN.., Putin, might have the US bully playing catch up, this will definitely give notice, that the Petro DOLLAR ., might get pushed to the wayside………….This is not good news for dollar holders………
EVENT………sorry…..
This NEWS will not be covered in MSN……….and the traders will just go back to trading on TA…………..
ootb. My guess is the smash was timed for the Ukrainian move, they kept it under $1300.
I think the “cartel” are still in complete control.
Russian gas for Rubles or Yuan will take a little time to “sink in”.
I still think Gary/Doc are correct, just a matter of how it goes down.
Gary and Doc………are good on the short term TA………But, Gold is not a trade
Dr. Ron Paul told me in person last year: DON’T TRADE GOLD.
Physical is tuff to trade imo. Premiums are tuff for me to overcome, so, I don’t tade gold just add.
Shares, I wish I could figure out. lol
I am going with Doc and Gary that gold will head down over the next few weeks.
Kinda tuff for war to really break out in the Ukraine, the Ukrainian army is almost starving. Hard to fight on an empty stomach, tests loyaltys too.
The Russians will be aware of that, Putin should just be bideing his time.
I meet Ron in 07 , and had a very good conversation with him at that time, great man, to bad no one listened to him…………..
I agree. It is sad. He is the oracle for the nation and the world. I have ultimate respect for him.
From a selfish point of view, as a canadian with Chinese background, I am slightly delighted he is not listened to in US. Otherwise other nations will have no chance.
Just a little concern? How about
Just a little concern? How about a real deal breaker?
Here is a Triple whammy that could produce a big % gains in the precious metals sector for May
1) May is a very bullish month seasonally for gold, if the seasonal’s still apply?
2) India’s election could have a new pro gold politician elected in May, removing the tariffs
3) China and Russia should announce a major nat gas deal and if the Yuan will be the currency of choice for payment its another nail in the coffin towards the US$….a Big win for Putin
I think those are all viable alternatives “Original”
As I said to GH just yesterday you can never figure out gold. Just when you think it is dead it can come right back. Just another example playing out today.
Cory says it doesnt make alot of sense – exactly! It doesnt
First Apple, Facebook, Boeing and most of all Caterpillar all beat earnings.
This sent a message once again its stocks all the way – no need for gold
A few here were expecting earnings to come in terrible and stocks to crash, instead we got the opposite.
Then durable goods does great and its off to the races.
Gold looked like it was waiting for the next shoe to drop and this was it.
Then some jaw boning in the Ukraine, some fear and gold pops.
Simple as that.
Once things simmer back down gold will fade.
If get a nuclear war gold will benefit. You just mightnot be able to handle it until the radioactivity is over in 100 years.
lets all just stop speculating and see how it all plays out
right now it is still down for gold, but that could change
Nuclear war……..is not necessary with the NEW JAMBING DEVICE……
The gold makes perfect sense if you look at 10-20 years time span. It is our fault if we are only intested in day to day moves. “lets all just stop speculating and see how it all plays out”
Thanks Lawrence.
As everyone here is aware, I really don’t care about the little day to day moves.
JULY…………..and hold on ……………….
Remember …War,,,in the summer the troops can move more quickly……..
testing
Doc,
Testing? Please explain…thx!
He wanted to make sure our temporary site glitches were worked out.
I SAY…………..The DOLLAR has been JAMBED BY THE JAMBING DEVICE……….
The volatility is lower compared to any time in history. If this level of volatility can keep you out, you will be in cash FOREVER.
More I look at it more I am convinced at two things:
1. The manipulation is running out of steam
2. The commercials are dumping gold to cover silver contracts.
War has very little to do with gold price change. There are too many crises which caused gold to go down. If crisis cannot alter the short term price, it has absolutely no impact on long term price.
you might be talking paper gold, which has been in play for the last 40 years…….but, the game is coming to an end………..What happened during these time frames has caused gold to trade higher. OIL……WAR………GOLD………….
I THINK the SILVER STORY is about to unfold…………..and is coming out of the closet , events from 1964 and forward will provide some truth……..
I feel the manipulation will continue but at a higher gold price. They will make the swings larger and larger. We cannot afford to be scared.
who is scared……….
You know who.
hope you are not referring to me………I have been in pm since the 60’s, this is just another go round…………….remember the cycle is about 28 years…….
Not you at all.
Lawrence,
Very astute comments, IMO
This is the craziest stuff I have ever seen! These markets are so “wreaked” by the Fed that nothing makes sense anymore. How do you trade something like this? Where is Mother Nature? When she shows up no one will stop her reality check!!!
Only thing we can do is hold but not trade
And maybe buy a little as I am seriously considering.
I agree if you think you make make money trading gold on a daily or weekly basis then you should be retired by now.
Now that is a good one…………..
Depending on when you started, Condita!
It’s “The Backstop Boyz” and it’s becoming more and more clear they speak Chinese.