Select Stocks Send Signal

289
Fri, Aug 17, 2012 - 10:43am

Perhaps we have a new acronym on our hands? The SSSS. Yesterday, quite by chance, I noticed that several of the best mining stocks are making 6-month highs. Is this another signal that higher metals prices are right around the corner?

Yesterday afternoon, I opened an app on my phone that is programmed to follow the major indices as well as 15-20 miners. I only opened it to see how the overall stock market was faring (which is something I rarely do) and then I scrolled down to look at a few miners (which is something I do even less). A couple of them caught my eye. I saw GOLD (Rangold) first and noticed that it was pushing 100. Then I noticed AEM (AgNico Eagle) and thought it looked noticeably higher, too. I pulled up charts and saw that they are both at 6-month highs. Wait a minute here. Hold on just a second. Isn't it curious that two, top miners would be moving to new 6-month highs while the metals are still stuck in a trading range?

The last time GOLD was near 100 was last March when gold was near 1700. The last time AEM was $46 was last November, when gold was close to 1750. What does this mean? Beats the crap out of me! But seriously...this could be phenomena specific to these companies...OR...it could be just another sign of the impending resurgence and rally in the price of the metals.

The next question should be: Do any of the other miners look like this? Well, not really. I did find two of our old favorites that are perking up a bit following recent earnings "disappointments" and need to be watched.

And the HUI itself is looking better. I can't give an ALL CLEAR yet but...if the HUI can keep rolling higher and post a few closes over 460...there may finally be reason for optimism in the mining sector.

And, of course, any mention if the term "HUI" here in Turdland comes with the obligatory posting of the SMOKING HOT Carrie Underwood singing about it. (Neo-turdites should know that, to my partially-deaf left ear, "undo it" sounds like "the hui".) (And I'll never understand what she sees in that meathead hockey player.)

Carrie Underwood - Undo It (Official Music Video)

OK, after I wipe off the cold sweat in which I suddenly find myself drenched, it's back to business. In an absolutely stunning development, the metals surged this morning at the open, only to be CAPPED ONCE AGAIN near 1620 and 28.25. Though I know many of you are getting sick of this crap and are dying to see the metals break out, you must remain patient. Fundamentally, gold and silver are extremely strong and, even when left to their own devices, are poised to eventually break out. ( https://stream.marketwatch.com/story/markets/SS-4-4/SS-4-9338/) But, screw that. I don't want to wait much longer so maybe we can begin forcing the issue next week. Until then, here are graphic representations of our current predicament.

And I'm not sure which of these two stories make me feel more nauseous. You'll likely read the NYT story before heading off to barf and then return to watch the video before getting sick again. First up, all of the conniving, criminal thieves at MFingGlobal are apparently set to walk free. Hmmm, I've got an idea. What do you say you and I start an investment firm where we take client money and use it to place huge, extremely risky trades. Then, when it all breaks down and the clients lose their money (which they were told was "safe" and "segregated"), we simply laugh it off as "porous risk controls" and walk away. How do you think that might work out for us? Maybe just a bit differently than it has for the criminal Corzine and his merry band of politically-connected, reprehensible outlaws? https://dealbook.nytimes.com/2012/08/15/no-criminal-case-is-likely-in-loss-at-mf-global/?hp And don't forget that just last week, your Seventh Circuit Court of Appeals established as precedent that the theft of client funds is now completely legal. God Bless the U.S.A.!

https://www.businessweek.com/news/2012-08-09/bank-of-new-york-mellon-wins-appeal-on-312-million-lien

https://www.reuters.com/article/2012/08/10/us-sentinel-appeals-decision-idUSBRE87900T20120810

And then there's this. I found this video on ZH last night. It is a time-lapse progression of the ownership makeup of the U.S. treasury market. Note that, in 2003, the Fed had a nearly even ownership across the curve. Watch then how this progresses. Now, the Fed is nearly out of short-term treasuries but they have come to completely dominate everything with a maturity of 3 years to 30 years where they own as much as 70% of the market! Simply amazing. And disgusting! This is America, land of the free and home of the brave where capitalism and free markets create productivity by equitably deciding who wins and who loses. NOT!!!

Fed vs. Private Sector Treasury Holdings

Listen up, you witch. Your days are numbered. We're onto you and soon you and all of your monkeys will be sent scurrying into exile. Perhaps you will be lucky and be allowed the fate of that goon, Corzine. Perhaps not. In the end, it matters little. All that does matter is that the game is ending and you are going to lose.

Drago: You Will Lose

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  289 Comments

Louis Winthorpe IIITF
Aug 17, 2012 - 4:39pm

It's killin me

I have relationships with several merchant processors. Usually you get a great deal to start with and within a few months you have to shop again. There is never a delay in getting set up. You should also make sure that your processing fee is set up on a "cost plus" basis, otherwise you will get hosed. Private message me if you would like a recommendation.

Louis Winthorpe IIITF
Aug 17, 2012 - 4:40pm

Sorry, double post

Sorry, double post

Cleburne61
Aug 17, 2012 - 4:42pm

Concerning Russia

Turd, you've said several times now, that you perceive one of Russia's key interests in Syria is in helping to create regional instability to induce oil prices to soar.

For all your amazing analysis(good clinical breakdown of that COT btw), I just feel this is perhaps not the angle we should be hitting.

If Russia wanted high oil prices and nothing else....why not simply let the U.S.-backed mujahideen, CIA-infested Muslim Brotherhood, and death/torture Al Qaeda squads rape, pillage, and plunder....to create another Anglo-American base by which to threaten Iran? That would easily achieve $150 oil, without breaking a sweat, without pissing off a superpower or creating an international incident.

Lindsey Williams has said the Rockefellers want the same thing Putin does: $150 oil, or more. Why not just let them do their thing, and roll through Syria and onto Iran? He'd be rolling in the dough if they did. Why send 3 warships with thousands of marines, attack helicopters, borderland troops and intel, and Kofi Annan retiring ingloriously....if all he wanted was to stick people at the pump?

I truly believe Russia and China are protecting a valuable business partner, and the regional chessboard, along with their only naval base in the entire Mediterranean Sea. He has watched us walk over and crush every brown-peopled country for 10 years in that region. China and Russia both are calling us on this, as is India. China and India don't have oil economies. So it appears to me, that this isn't the angle we should be concerned with. I let it go last time I saw you surmise this, but this time I decided to join the discussion.

Short Stack
Aug 17, 2012 - 4:52pm

Important Must Read

https://www.wealthwire.com/news/finance/3689?r=1

Something is up when even Wealth Wire is reporting it.

Scroll down to near the bottom regarding SS Administration buying ammo.

Nana
Aug 17, 2012 - 4:59pm

@ Short Stack

And now the frozen water alphabet schmucks have ordered projectiles too......

Short Stack
Aug 17, 2012 - 5:06pm

@Nana

I'm sorry, you lost me. Say what now?

Short Stack
Aug 17, 2012 - 5:10pm

NetDania

Why did silver suddenly take a nose-dive back to $27.97 ????

Nana
Aug 17, 2012 - 5:11pm
Excalibur
Aug 17, 2012 - 5:28pm

Even Germany prepares

German court rules that armed soldiers can be deployed in the country... the first time since the Second World War
  • But only in 'exceptional cases to prevent threats to the state'



https://www.dailymail.co.uk/news/article-2189839/German-court-rules-armed-soldiers-deployed-country--time-Second-World-War.html

It's been a while

tyberious
Aug 17, 2012 - 5:30pm

@Sisyphus

I think that the Hunts, didn't have the physical, they were playing futures and that's what got them in trouble. Please correct me if I am wrong, as I working, tired and to lazy to Google it :)

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