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Crackup boom? Or are they actually getting away with it? Seems unlikely, as does an immediate crash.
There may be "breakouts" but this obviously isn't real growth.
I think all this doom spending and breakouts are the crack up boom or the start of hyper-inflation.
I can't speak to it with any depth of understanding, but one point I took from it is that this action may uninvert the yield curve, which often usher's in a formal recession. Maybe the thought is that leads to a correction in stonks, which leads money flows toward gold and PMs?I'd like someone to comment and explain on the FED comments that lit the spark Friday. What the heck is Operation Reverse Twist and what this would do. Is it quantitative easing and it looks like they are trying to lower short-term rates, will it and what will it mean for longer term rates.
$ 2106, a new ath ?
seems worthy of a mention .........
Still off ath in UK£ but I'll take it
I'd like someone to comment and explain on the FED comments that lit the spark Friday. What the heck is Operation Reverse Twist and what this would do. Is it quantitative easing and it looks like they are trying to lower short-term rates, will it and what will it mean for longer term rates.
I'm still not convinced that the reserve can actually go hyper, but serious inflation, yes.
Damn near everything I buy or have to pay for like insurance and the like utilities etc have doubled in the past 4 years. Food is crazy.
Look at who is sitting in the White House right now and tell me if anything is impossible. Who knows. Tell you what. I buy it goes to 0 I don't it goes to a million bucks.This smells like an exit rumour/call. Much like Goldman's 200 oil super spike!
One Bank Asks "Could A Central Bank Somewhere Be Buying Crypto Assets?" | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Look at who is sitting in the White House right now and tell me if anything is impossible. Who knows. Tell you what. I buy it goes to 0 I don't it goes to a million bucks.
Should be over $50 by now forget $4 higher.Silver’s so lame. Should be $4 higher
I’m more or less looking at a financial crash worse than 2008/9 coming soon. Big question is wether miners tank with the markets or rip harder right away.I see all of these guys on X who while bullish were looking for one more slam in the metals before the big move up. So of course they pat themselves on the back when contrary to their own posts the metals and miners move higher. Now they are looking for a correction. Least expected from here is a rip your face off rally. Bullish sentiment in a market coming off a bottom after a protracted decline is bullish. Stocks 1982.
Private sector job growth improved during February though growth was slightly less than expected, payrolls processing firm ADP reported Wednesday.
Companies added 140,000 positions for the month, an increase from the upwardly revised 111,000 in January but a bit below the Dow Jones estimate for 150,000.
Job gains came across multiple areas, led by leisure and hospitality with 41,000 and construction, which added 28,000 positions. Other industries showing solid gains included trade, transportation and utilities (24,000), finance (17,000), and the other services category (14,000).
Of the total, 110,000 came from the services sector while goods producers added 30,000. Growth was concentrated among larger companies, as establishments with fewer than 50 employees contributed just 13,000 to the total.
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She can sell those tats and maybe eat a little less. That aside, she's pretty much spot on. All part of the plan to destroy everything to bring in whatever is next.
The gold price is hitting all-time highs, but there is still scant interest in junior miners, noted JuniorMinerJunky, David Erfle.
On Wednesday Erfle recorded the inaugural show Digging Deep, hosted by Kitco correspondent Paul Harris at PDAC in Toronto.
PDAC is mining largest annual get together. Over 23,000 delegates attended last year's show.
Erfle noted the lack of love junior miners are attracting despite precious metals jumping higher.
"You could pretty much roll bowling balls down the aisle," said Erfle noting the lack of retail investors dropping by the company booths. "There wasn't that many people. I was walking around talking to companies at their booths [asking] them 'how many retail investors have come up to ask you about your company?' Many said one or two or none."
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Nvidia stock is pulling back on Friday in what seems quite necessary since the stock has been on the warpath north all year. Just on Thursday, NVDA stock reached an all-time high of $927.67, reaching a $2.3 trillion market cap. The Relative Strength Index (RSI) has been overbought for some time, which typically requires a period of consolidation, otherwise known as a cooling-off period.
Nvidia's intraday low was at $865. If it drops below here, both $840 and $800 are the next levels to watch. March 4 and March 5 experienced bottoms near $840, while $800 buffered the price action from February 26 through March 1, acting as both resistance and support. The 20-day Simple Moving Average (SMA) is also gunning for the $800 level, which provides its with more significance. Otherwise, a major pullback could send NVDA stock back to retouch the top of the upper trendline at $730 that held Nvidia stock down from 2020 through February of this year.
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XAG/USD Price Analysis: Technical outlook
Silver retreated during the day, below the March 7 daily close of $24.31, which could sponsor a leg down if sellers push the prices lower. However, buyers are keeping Silver’s price above the latter, and if they reclaim the $24.50 level, that could push XAG/USD to re-test $24.63, ahead of $25.00.
On the flip side, if sellers drag Silver’s prices below $24.31, XAG/USD could dive to $24.00. A breach of the latter will expose the March 6 low of $23.57, followed by the confluence of the 100 and 200-day moving average (DMA) at $23.27.
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Gold price technical outlook
Gold broke above the upper limit of the ascending regression channel coming from October and the Relative Strength Index (RSI) indicator on the daily chart rose to its highest level since August 2020 above 80, highlighting extremely overbought conditions. Although it might be risky to bet against Gold in the current market environment, investors could look for opportunities to liquidate their long positions. The $2,140 level (former record-high) aligns as first support before $2,120 (upper limit of the ascending channel) and $2,100 (psychological level, midpoint of the ascending channel).
It’s difficult to set bullish targets for XAU/USD because it’s trading in uncharted territory. On the upside, the $2,200 round level could act as a psychological resistance.
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