Wednesday Market Close with Doc and LPG
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An ok day for precious metals but a bit rough for the conventional markets. Was it due to the retail numbers?
change the “t” to r…….sorry Pete
Irish……..post that PICTORIAL HERE………….
Jerry…Your wish is my command o master.
https://www.bullionstar.com/blogs/bullionstar/infographic-london-gold-market/
THANK YOU SIR……
Irish, I guess you and I are the only one’s who get it………. 🙂
Everyone sounds so discouraged, while we actually achieved Ackerman’s target on the day:
http://www.gold-eagle.com/article/just-one-good-thrust-would-muzzle-gold-bears
Thanks for this FranSix.
Rick Rocks 🙂
Best,
LPG
Just wondering whether we are about to repeat January and August.
Greece…..is getting it again……….austerity…….that should be usaterity ,western bankers putting it to the greeks.
Jerry,The Greeks know how to stand with their backs to the wall.
DT, I agree ……
Based on the weekly chart, there is absolutely no reason to dump the miners…
I´m holding my junior miners like a stubborn mule..
That remains the smart thing to do.
Matt,
Mules are smarter than foxes and much more useful!
Pete,
that was for you. Mules are smarter than foxes and much more useful!
Stocks are not looking good…
I am not a chart-wizard,like you Matthew(wish i was)but let´s say we go up from here(or consolidate more first)on the GDXJ,are you looking at the 2 previous tops on the left at 46-48?
And if you think that we will hit that region,do you expect a big correction from there?
Is it possible that the correction from that region(if we get there)could be shallow.
What are the odds that there will be no big correction Before Sep-Dec?
Sorry for the many questions,if you dont have the time to answer,thats ok.
Jordan roy-byrne on TDG comments on GDX/GDXJ
http://thedailygold.com/precious-metals-video-update-gold-stocks-digesting-recent-gains/
Prior peaks are levels worth watching but I don’t view them as targets to sell unless the indicators suggest that selling is warranted when we get there.
As for the size of the first correction the miners might have, I think it’s safe to say that it will be easily 50% of the entire move if they top with gold but possibly much less if the first correction begins while the metal is just taking a break.
I think the odds that we make it through the summer without a major correction are much better than most people think but it’s best to let the market tell us as we go. For now, I still really like what I see.
By the way, the Point and Figure price objective for GDXJ is $79.50, for it’s worth…
I agree……..”just taking a break”
I use prior peaks and troughs all the time and they often trump all the other technicals because they are obvious support and resistance levels. Just my 2 cents.
Thanks,Excelsior(I read the press release)
Great,i really appreciate the answer.
Thank you,Matthew
Kaminak bought by Goldcorp in all stock deal
good to hear from you again…….thought you got lost and gave up…….
This doesn’t feel like we will be in this bear for much longer
And so it begins………
Funny………early morning NY gold spike higher…….unusual ……….indeed…….
Wonder if the COMEX…….is out , and just paper settling
Just read……..cause….jobless claims………..no worry……..
OK, I will ask the question – which one of you ordered the hit on Birdman? He has gone MIA.
HE got DUSTED……………. 🙂
I hope he comes back, even if he is wrong on his call. He still could get it right if gold folds here. A %30 chase is substantial.
He’ll be back……..guarantee it……………
Mining In Africa?
PRETIUM – PVG- MORE BONANZA grade GOLD- 1200 OZ/ton of gold ( OZ, not Grams)
Still to be the 1st Junior to $100/ share soon enough.
Hm. Any rock found in that gold?
Zack’s has a hold rating on the stock……….and Black”rock” might be the inside rock…
$10 to 100…….there is your 10 bagger.
I am going to have to be like Commissioner Gordon and use the Birdman phone tonight.
Why not the BATMOBILE………..
Birdman borrowed. Took it for a spin. He had a date with Catwoman and her whip.
CME group…….thur the 2013 filings shows central banks and govts which includes the FED. are given volume discounts for trading…………..CAN WE SAY CRIMEX……….info provide by Peter Boockvat(sp?) zerohedge.