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Sounds like Ponce: "If you don't hold it, you don't own it."A bird in the hand?
I saw that. Just terrible.My wave count on Silver. Just be thankful you don't hold First Majestic.
Just be thankful you don't hold First Majestic.
Lancers, you're a riddle wrapped up in an enigma aren't ya?I dunno. Gonna buy a little here can't resist.
Avoided the massacre but worth a look at these prices. But yeah.Lancers, you're a riddle wrapped up in an enigma aren't ya?
Wow, that's some story!Long timer has Stage 4 cancer now very sad. Anyway his work is now bullish. Strange post indeed.
I have so changed my outlook that I can only buy things that are moving higher.Avoided the massacre but worth a look at these prices. But yeah.Blood in the streets now or has the patient bled out?
Gold prices are back above $2,000, seeing new momentum as the U.S. labor market cooled last month, with the economy creating fewer jobs than expected.
U.S. nonfarm payrolls rose by 150,000 last month, according to the Bureau of Labor Statistics. The monthly figure was below the market consensus estimates of 178,000.
At the same time, report also noted that the U.S. unemployment rate ticked higher rising to 3.9% in October. Economists were expecting to see an unchanged reading at 3.8%.
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I can't do that. I would rather buy as close to danger/support as possible and if support is broken just kick out the trade and try again later.I have so changed my outlook that I can only buy things that are moving higher.
One wonders if he got the jab....?Long timer has Stage 4 cancer now very sad. Anyway his work is now bullish. Strange post indeed.
Such a conundrum...Hedgeye says NFP revised down 9 straight months. End Wokeness says July wasn't revised down. At least one of them is wrong?
... strategist Mike Wilson of Morgan Stanley ...
“We think last week’s rally in stocks was mainly a function of the fall in back-end Treasury yields,” says Wilson. And that drop, he said, was driven more by lower-than-expected coupon issuance and weaker economic data than anything Jerome Powell said. ...
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In all, Wilson says the rally should “fizzle out over the next week or two” as it becomes clear the growth picture doesn’t support either Fed cuts or a significant acceleration in earnings per share growth.
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JFC people believe this bs too.Well, there you have it!
Gold and silver prices are solidly lower in early U.S. trading Tuesday, following some weaker-than-expected economic data out of China that has cast a pall over much of the raw commodity sector today. ...
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The latest economic data out of the world’s second-largest economy saw China’s October exports fall 6.4%, year-on-year, which was lower than expected. China’s imports rose a less-than-expected 3.0%, year-on-year. China is a massive consumer of raw commodities and when its economy is listing it dampens bullish enthusiasm across the raw commodity market spectrum—on weakening demand concerns.
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The spring is coiledwell that was the most short-lived gold miners pop I've seen. Going to open with a huge gap down. If we don't rally from this level, we can probably throw in the towel here.
Brady of Sprott posted that the banks got heavily short Gold near 2K. Not surprised by that he is looking for a decent move down then the load up longs moment. Silver support around $22. I would say to watch the early October lows in the miners as a drop dead stop on a close. FWIW Gary Savage has called ten of the last none of the bubble phases in Gold.well that was the most short-lived gold miners pop I've seen. Going to open with a huge gap down. If we don't rally from this level, we can probably throw in the towel here.
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