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#JNUG: THE $USD IS PEAKING...115 SHOULD BE IT.......!
It looks like the U.S. #dollar rally is over. We just had another decisive outside reversal week in the U.S. Dollar Index, where the index traded above the previous week's high, then closed below the previous week's low. If so, U.S. #inflation is about to get much more painful.
— Peter Schiff (@PeterSchiff) October 21, 2022
#JNUG: Mike Maloney time...
#JNUG: GOLD MINERS HAVE THAT LOOK AGAIN..... $23.50
Last time this ratio chart had this kind of very large, red positive divergence, the massive bull in mining started.
It now has that look again.
#
Last time this ratio chart had this kind of very large, red positive divergence, the massive bull in mining started.
— Graddhy - Commodities TA+Cycles (@graddhybpc) October 21, 2022
It now has that look again.#gold #silver #platinum #palladium pic.twitter.com/kP1iicum5A
JNUG looks like giving us a little lower still...
No more powder to bring my $52 avg down, and definitely too risky next 3-4 Months?
GLTA
#JNUG: LOADING AGAIN.... $25.23
#JNUG: The Bank of England intervenes in bond markets again, warning of a 'fire sale' risk to stability after gilt yields spike......!
$The Bank of England has added index-linked gilts to its emergency bond-buying program to calm markets.
$It's the second time in just two days that the BoE has stepped in, after a selloff in UK government bonds.
$The UK central bank warned that soaring gilt yields could lead to a "fire sale" and threaten financial stability.
10/11/2022
https://markets.businessinsider.com/news/bonds/market-outlook-bank-of-england-bond-buying-gilts-treasurys-analysis-2022-10?op=1
The Bank of England has stepped in calm bond markets for the second time in just two days, warning that soaring gilt yields could pose a "fire sale" risk to the UK's financial stability.
The UK's central bank said Tuesday that it will buy up to 5 billion pounds ($5.52 billion) of index-linked gilts a day until the end of this week. Index-linked gilts are UK government bonds that pay interest in line with the rate of inflation.
"The beginning of this week has seen a further significant repricing of UK government debt, particularly index-linked gilts," the BoE said in a statement Tuesday.
"Dysfunction in this market, and the prospect of self-reinforcing 'fire sale' dynamics pose a material risk to UK financial stability."
The move comes after 10-year index-linked gilts suffered a huge selloff Monday, as yields soared 64 basis points to hit 1.24% for their largest daily rise in three decades. Yields move inversely to prices.
At the same time, the yield on the 10-year gilt rose 24 basis points to 4.470% Monday, and the 30-year gilt — included in the BoE's emergency bond-buying program — shot up 29 basis points to 4.677%.
Tuesday's intervention is the second time in one week that the BoE has stepped in to try to calm markets. But the bank's widening of its emergency bond buying is unlikely to do the job, analysts said.
"The fact the Bank of England has widened its support measures for the market by including index-linked gilts in its programme of government bond purchases will only serve to worry investors even more," AJ Bell investment director Russ Mould said.
At last check Tuesday, 30-year gilt yields were up about 5 basis points at 4.747%, while 10-year gilt yields were broadly unchanged at 4.462%.
There were also signs Tuesday that the gilt market rout was affecting US Treasurys. 30-year bond yields jumped as much as 11 basis points to a nine-year high of 3.956% when trading resumed after Monday's Columbus Day holiday.
London's FTSE 100 index fell 1.35% early Tuesday, while the British pound was down 0.05% at $1.1051 at last check.
Less than two weeks ago, the central bank started temporarily buying long-dated UK government bonds after gilt yields surged and the British pound hit an all-time low. Its aim is to stabilize financial markets rattled by a loss of investor confidence after the new UK government said it planned huge debt-funded tax cuts.
But the BoE was forced to intervene again Monday, as market dysfunction persisted. It said it would ramp up the maximum value of its daily purchases and fortify liability-driven investments funds (LDIs), linked to a potential risk to UK pensions.
The bank and the UK government have struggled to reassure investors rattled by the selloff in British debt markets.
UK's finance minister Kwasi Kwarteng will need to cut debt by around 60 billion pounds ($66 billion) to fund his pledges, the Institute for Fiscal Studies said Tuesday. Political pressure has forced Kwarteng to bring forward the publication of details of his plan to October 31 from November 23.
If the BoE's move Tuesday fails to have the desired effect, the bank may have to carry on with its emergency program, Mould said.
"The key sticking point is that the support measures are only scheduled to last until Friday," the AJ Bell strategist said. "Will that be long enough, or will the Bank of England extend the support scheme?"
"Extending it could go one of two ways — the market either applauds the move and breathes a sigh of relief or it gets even more worried, thinking that the extra time suggests the crisis is more severe than originally thought," he added.
Read more: The Bank of England is ramping up its daily bond purchases and boosting liquidity to banks after the UK's bond-market meltdown
#JNUG: 10% DISCOUNT ON MONDAY... $27.56
PETER SCHIFF KNOWS WHATS NEXT...
One of largest Gold reserves in the world at $NAK
#JNUG: Inverted Head & Shoulder forming? If so a major rally in Gold is on the immediate horizon. Watch the $1735 break. If we push through $1750 this could go back to $2078 in record time.....
•Posted by
u/Silvernashers
15 hours ago
The way miners are up with general markets down and silver flat most likely is a precursor to a big up day for silver tomorrow. The insiders typically preposition on the miners to up and downside before they rip the metal higher. Strap in !
https://new.reddit.com/r/Wallstreetsilver/comments/xxnheb/inverted_head_shoulder_forming_if_so_a_major/
https://preview.redd.it/fn411t1jqas91.jpg?width=960&crop=smart&auto=webp&s=9a5f5253657e50c8955ba903da410701639b71dd
https://new.reddit.com/r/Wallstreetsilver/comments/xxfyd4/silver_has_very_fond_memories_of_opec_going/
Silver has very fond memories of OPEC going hostile against the US… the silver rallies in 1973/1974 and 1979/1980 were epic… and things are just starting to heat up in the oil market again, with OPEC announcing large cuts in oil production…. Silver went 40x from 1972-1980…
https://i.redd.it/rug3y8mf09s91.jpg
#JNUG: LOOKING FOR $ 26.43....
$JNUG Bull Run coming
#JNUG: Gold Miners like Barrick are 12% off the lows.
Hey John.......TIME TO LOAD......
The main release valve will be - higher hard asset - prices, a weaker USD, and a LARGE tailwind for gold miners and emerging market equities[/b
https://www.zerohedge.com/markets/weve-crossed-rubicon-bear-traps-warns-risk-crash-rising
#JNUG: ROCKTOBER READY TO ROLL ..
#JNUG: GOLD's NEXT LEG TO $1723.00...
#JNUG: 12% GREEN...! The Fifth Largest Economy in the World Just Lost Control of Its Currency....!
https://www.zerohedge.com/news/2022-09-28/fifth-largest-economy-world-just-lost-control-its-currency
BY PHOENIX CAPITAL RESEARCH
WEDNESDAY, SEP 28, 2022 - 8:57
By Graham Summers, MBA
The financial system is beginning to break.
The Bank of England (BoE) is now the first major central bank to lose control of its respective bond and currency markets.
Last week, the new government in the U.K. introduced a series of tax cuts to stimulate the economy. British government bonds, also called Gilts, responded by imploding. The yield on the 10-Year British Gilt rose from 3.2% to over 4.4% in a single week.
This is what it looks like when a bond market begins to fail.
https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/GPC92822.png?itok=f9thdgnZ\
That is not all. The British currency, called the Pound, also collapsed, hitting a 35 year low.
https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/GPC928222.png?itok=aZenLjhp
Let’s be clear here. We are talking about the FIFTH largest economy in the losing credibility in the bond and currency markets before our very eyes.
How bad is it?
The Bank of England just announced it would start a NEW Quantitative Easing (QE) program, to try and “put a floor” under its bond market.
The Pound responded by dropping to new lows.
https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/GPC828223.png?itok=B7PT0VtI
As I keep stating, the Great Crisis… the one to which 2008 was a warm-up, has finally arrived. In 2008 entire banks went bust. In 2022, entire countries will do so.
#JNUG: PETER SCHIFF 09/23/2022
https://youtu.be/gdonIMhE5wc?t=907
#JNUG: $JNUG Direxion Shares ETF Trust 2x
https://www.direxion.com/product/daily-junior-gold-miners-bull-bear-2x-etfs
#JNUG: TRIGGER FINGER GETTING Itchy...
Here we go JNUG... Gold on double bottom,,, so October looking UP for next 2 years?
GLTA
Going up, JPMorgan just got fine for manipulating the gold market, it is only the millionth time
Anyone care to comment on where the PPS might be going.
Last "rate hike week" I sold a tad, and missed the run UP.
Here we are for 2nd rate hike announcement 2022, and Gold sure dipping a bit...
BUY opportunity here at JNUG???
GLTA
Gold & JNUG on the continued UP...
It's obvious rate increases this size & this late will not slow the inflation devistation any time soon.
GOLD = SAFE $...
GLTA
Silver strong: Record demand forecast in 2022
https://www.australianmining.com.au/news/silver-strong-record-demand-forecast-in-2022/
1/4 pt hike won't push Gold down for long...
NAK Pebble Mine, Alaska. Pebble Mine is one of the largest undeveloped reserves of copper, molybdenum, and gold in the world.
https://www.instituteforenergyresearch.org/renewable/pebble-mine-could-reduce-dependence-on-china-for-critical-metals/
How do we go down with Gold UP today?
GLTA
$JohnCM Thanks; Stephanie Pomboy – Last Opportunity To Buy Gold, James Turk – Gold, Silver And The Great Wealth Transfer
https://kingworldnews.com/stephanie-tomboy-last-opportunity-to-buy-gold-james-turk-gold-silver/
$GCM Mining; Michael Oliver – We Are On The Face Of A Move That Is
So Dramatic For Gold & Silver That It Erases Any Prior Bull Moves In
Terms Of Dynamics And Percentages
March 05, 2022
https://kingworldnews.com/michael-oliver-we-are-on-the-face-of-a-move-that-is-so-dramatic-for-gold-silver-that-it-erases-any-prior-bull-moves/
Red Cloud 2022 Pre-PDAC Mining Showcase
26 views Mar 3, 2022
https://www.youtube.com/watch?v=W7MBFXFBke8&t=29s
No dry powder for SILVER SILJ.
What's the measured move on the cup and handle?
$2,100 until takes a pause?
Wow Gold broke $2,000 today! JNUG gonna run hard !
GLTA
Monday & all week will be BIG !
GLTA
Here is a hint.
https://stockcharts.com/h-sc/ui
If you don't see it, I know who to blame.
"Pro's would be selling strength in the Major indexes today"
How the hell is Gold down???
Great JNUG BUYing opportunity?!!!
GLTA
Gold just broke $1916 resistance & over $1922…
May be hard to catch now…
GLTA
It probably has to sustain higher prices for enough time for the chart to catch back up.
https://schrts.co/gXFXcaWz
No way to get there from here at the moment.
You are looking for a possible GOLD top at $2,100
IMO
What’s Gold got to hit for JNUG back over $90? With this it’s % up drives PPS?
GLTA
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JNUG provides geared exposure (2x) to the MVIS Global Junior Gold Miners Index—a market-cap-weighted index of global gold mining companies that derive at least 50% of their revenue from gold or silver mining activities. The index caps exposure to silver mining firms at 20% during each quarterly review. The term "junior" refers to the size of these firms, which are considered to be small-caps as defined by the index provider, which slightly dilutes its exposure to gold relative to our benchmark for gold. Like most leveraged products (including sister fund JDST, which provides -2x exposure to the same index), JNUG's exposure is reset daily. The fund is therefore designed to be used as a tactical trading tool. You must regularly reset your exposure to get the multiple if you hold the fund for more than a day. Tradability is paramount for a tactical tool—which a 2x play on gold surely is. Trading costs should be taken into consideration. Effective 4/24/2017, JNUG resumes daily creations. Prior to March 31, 2020 the fund provided 3x exposure to the same index.
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