A Turdless A2A

93
Thu, Jun 22, 2017 - 10:50am

For your listening pleasure and to pass the time while we watch miners show a bit of strength this morning.

A conversation between two weary metals investors, Pining for the Fiords and Dr. Jerome:

Click here to if the youtube link does not work...

Pining & Jerome

About the Author

  93 Comments

  Refresh
Jun 24, 2017 - 9:01am

I am working on a

I am working on a contribution for the blog, but have been called away from my desk for a few hours.

So this is just a note to say I'll post something in the Argentus Maximus blog later.

Noteriety
Jun 23, 2017 - 4:32pm

Syria Update

Syrian War Report – June 23, 2017: Army Regaining More Ground Near Palmyra
Jun 23, 2017 - 4:12pm

Miners

Well, mining ETFs anyway...

Looks like NUGT & JNUG are closely following some trendlines up. I interpret that as investors buying every little pullback watching the lower trendline. Seems bullish to me. I'm not comfortable in these ETFs for anything more than a daytrade or overnight trade, selling before the NY opening bell. But I did buy a bit more to hold over the weekend.

Jihk2431
Jun 23, 2017 - 4:10pm
JQuest
Jun 23, 2017 - 4:03pm

TPTB Desparatly trying To Save Close To The Up Side

What a Circus!

What a Fake Market !

They used the VIX and Crude to score the save!

canary
Jun 23, 2017 - 3:57pm

COT very positive for both metals...

But we still have contract expirations and FND, next week.

streber
Jun 23, 2017 - 3:40pm

Gold has fluctuated around $1250 the past 4 years...

Ever since it broke below $1400.
Check this link

https://goldprice.org/gold-price-history.html

===

As conditions in USSA (fiscal, political, social) became more wacky.
Warmongering continues apace.
A poorly managed country indeed. Wit F-35 welfare disaster.

With a 4-year base around 1200-1250 I'm wondering if we aren't getting close to liftoff for new all time highs.
Or can the PTB continue winning with their MOPE (Mgt of Perception Economics) charade?

SteveW
Jun 23, 2017 - 3:35pm

Triffin's dilemma

Basically says that the sovereign that supplies the reserve currency has to run a trade deficit, since they have to supply increasing currency to the global Central Banks otherwise global trade slumps.

OTOH: Bad money chasing out good is Gresham's law.

Not to be picky Ty, but in an open thread some visitors might suspect that if a significant brain fart is not corrected that we are all fart brains.

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canary
Jun 23, 2017 - 3:20pm

@fluxplus....It's possible

The next COT will show...The three-day delay on COT is very deliberate to hide banks intentions.

PoundwizeOOOBuck
Jun 23, 2017 - 3:16pm

OOOBuck

Ricochet bisquit!!

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