Open Thread. Turd Unavailable until 3:00 EDT

105
Fri, Jun 17, 2011 - 10:02am

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  105 Comments

Two Gun Tobin
Jun 17, 2011 - 10:21am

What goes up...

I just dont have any faith in this little rally.. just made enough to pay my mortgage payment and sold out.. lets see what the rest of the day brings GLT

Invisible Hand
Jun 17, 2011 - 10:24am

EXK

Silver straight up and the damn miners just shrug it off.

Sterling Invisible Hand
Jun 17, 2011 - 10:29am

Quote:Silver straight up and

Quote:
Silver straight up and the damn miners just shrug it off.

no doubt - it's damn frustrating isn't it. We'll get our day though when miners outperform.

bigmark99
Jun 17, 2011 - 10:29am

maybe this is the reason... maybe

SAO PAULO (Reuters) - The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits

Captain Silver
Jun 17, 2011 - 10:29am
Captain Silver
Jun 17, 2011 - 10:33am
mrslippery
Jun 17, 2011 - 10:35am

Rally won't last

Stocks and metals up this morning on the jawboning of France and Germany that they have found a solution to the Greek tragedy. But the can is not officially kicked until the Sunday confidence vote in Greece. Greece may not be willing to take a new loan even if it is offered. I am fading this rally.

agNau
Jun 17, 2011 - 10:38am

Volatile, as predicted.

Swings like this will be the norm I think. ZH article ref. Above would mean two things. The US would be the enforcer, and police the worlds Gold. The US would be the main Culprit in the crime(Libya). China already consuming all Gold(and I assume Silver) domestically produced. I would think at some point many more would follow suit. Nationalization of mines, be warned! How this could possibly play a role in further suppression of Gold and at face ownership of gold is an interesting question.

Captain Phelps
Jun 17, 2011 - 10:39am

Timberrrrr

Crap can't float forever !!

brown
Jun 17, 2011 - 10:40am

We have seen the highs for the day

If the current pattern holds, we have seen the highs of the day, both for the metals and especially for the mining stocks. Huge physical buying pressure against unlimited naked shorting. I cannot recall when was the last time that the HUI index made its high for the day after 10:30.

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