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Maybe but, Trump ended the day crushing the dollar.
Dollar Crashes After Trump Says "Dollar Is Getting Too Strong"
by Tyler Durden
Apr 12, 2017 3:50 PM
It was bound to happen sooner or later: having flipflopped on virtually everything else, moments ago, in an interview with the WSJ, Trump also backtracked on his strong-dollar policy and in an interview with the WSJ, has said that the "US dollar is getting too strong", that the "strong dollar will ultimately hurt the US', and as a result, he preferes a low interest rate policy.
The headlines from Dow Jones:
TRUMP SAYS IN WSJ INTERVIEW STRONG DOLLAR 'WILL HURT ULTIMATELY' THE U.S., MAKES IT VERY HARD TO COMPETE
PRESIDENT TRUMP: U.S. DOLLAR 'IS GETTING TOO STRONG'
TRUMP SAYS HE PREFERS LOW INTEREST RATE POLICY
TRUMP SAYS WON’T LABEL CHINA CURRENCY MANIPULATOR: WSJ
And the details from the WSJ:
President Donald Trump said Wednesday the U.S. dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low. Mr. Trump, in an interview with The Wall Street Journal, also said his administration won’t label China a currency manipulator in a report due this week.
He left open the possibility of renominating Federal Reserve Chairwoman Janet Yellen once her tenure is up next year, a shift from his position during the campaign that he would “most likely” not appoint her to another term.
“I do like a low-interest rate policy, I must be honest with you,” Mr. Trump said at the White House, when asked about Ms. Yellen. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting—that will hurt ultimately,” he added. “Look, there’s some very good things about a strong dollar, but usually speaking the best thing about it is that it sounds good.”
He continued, “It’s very, very hard to compete when you have a strong dollar and other countries are devaluing their currency.”
Mr. Trump said the reason he has changed his mind on one of his signature campaign promises is that China hasn’t been manipulating its currency for months and because taking the step now could jeopardize his talks with Beijing on confronting the threat of North Korea.
“They’re not currency manipulators,” Mr. Trump said.
Well, they are, they are just manipulating it in the opposite direction at this very moment.
Ms. Yellen was a frequent target of Mr. Trump’s during the campaign, when he criticized her for keeping interest rates low. Asked if Ms. Yellen was “toast” when her term ends in 2018, Mr. Trump said, “No, not toast.”
“I like her, I respect her,” Mr. Trump said, noting that the two have sat and talked in the Oval Office. “It’s very early.”
So where did this complete policy U-turn and "novel" weak dollar idea come from? Take one guess: "Treasury Secretary Steven Mnuchin, who sat in on part of the interview,
said the president was “very close” to nominating a vice chairman to the
Federal Reserve Board and another to the seat set aside for a community
banker.
“We think that is very important,” Mr. Mnuchin said about the
community banker seat."
The result was instant: the dollar just crashed.
In other words, instead of calling China a currency manipulator, Trump was manipulate the dollar instead. And just like that Trump is now in war with the tightening Fed.
http://www.zerohedge.com/news/2017-04-12/market-turmoils-dollar-crashes-after-trump-tells-wsj-dollar-getting-too-strong
I'm just say'n, I made a killing last year with CLGRF/SSRI when gold ran in the 1H, I think I can do it one more time with the 3 miners I now hold, then I'm out for good. Just looking for an edge, as short lived as it may be, that's all.
His point is that even though you and I don't favor T/A in a rigged game, the big institutional buyers of GDX and GDXJ do, and they use the HUI index to confirm a move thus giving them the go ahead to take on large positions in GDX,GDXJ.
This Guy's Opinion Is The HUI Index May Have A Lot To Do With It...
If that is the case, we could be close to a breakout...since we have decisively just crossed the 50DMA.
Gold-Stock Breakouts Near
See link for charts.
Adam Hamilton
Archives
Apr 07, 2017
The gold-mining stocks' usual volatility has proven outsized so far this year, spooking investors. A fast initial surge in a new upleg was soon fully reversed by a sharp major correction, which spawned much bearish sentiment. That combined with the great distraction from the Trumphoria stock-market rally has left gold stocks unloved and overlooked. But their outlook is very bullish, and major upside breakouts near.
It's hard to find bargains in today's extreme stock markets. They've been radically distorted by the post-election euphoria centered on universal hopesfor big tax cuts soon. Nearly every sector has been bid up to dizzying valuations. Except gold stocks, which everyone still hates. They may very well be the last remaining contrarian sector in these crazy markets, and thus a great buying opportunity for smart traders.
Gold stocks have been left behind by the wild Trumphoria stock-market rally over the past 5 months. As of the middle of this week, the benchmark S&P 500 stock index is up 10.0% since Election Day. But the gold stocks as measured by their flagship HUI index are down 1.1% over that span. The gold stocks have really suffered since the election, which explains the stubbornly-bearish sentiment plaguing them today.
But perspective is everything in the markets, and that post-election snapshot is very misleading. So far in 2017, the HUI has rallied 12.5% to easily best the S&P 500's 5.1% gain. And despite the post-election gold-stock carnage, the HUI still rocketed 64.0% higher in full-year 2016! That trounced the S&P 500's mere 9.5% gain. Gold stocks stealthily remain one of the top-performing sectors in all the stock markets.
Their operating fundamentals are still strong and their usual big spring rally is already underway, which will likely yield big gains for contrarians. Yet virtually no one cares! With general-stock euphoria running rampant, there's little investment demand for gold. This unique asset is an anti-stock tradetending to move counter to stock markets. Few investors seek prudent portfolio diversification when complacency is stellar.
Given the gold-mining stocks' blistering gains in the past, the current total lack of interest even among contrarians is stunning. But the record-shattering post-election Trumphoria stock-market rally has been exceedingly distracting. It's literally unprecedented on many fronts, bewitching investors into forgetting stock markets rise and fall. The resulting stocks-to-the-moon psychology has withered contrarian trading.
So gold-stock sentiment is absolutely dismal today, exceedingly bearish. I've been intensely studying and actively trading this sector for decades. That includes the last 17 years in the financial-newsletter business, where I'm blessed with tons of sentiment feedback via both e-mails and hard newsletter sales. Gold-stock psychology is so rotten today that it feels much like what I've witnessed at past major secular lows.
That's crazy, as this week the HUI is still 103.6% higher from its last major secular low in January 2016. If any other sector in all the stock markets had doubled in less than 15 months, it would be celebrated and popular. Not gold stocks! While sentiment is ethereal and impossible to directly measure, there are all kinds of indicators implying how bad it is. One example is capital volume in the leading gold-stock ETF.
The world's most-popular gold-stock trading vehicle is the GDX VanEck Vectors Gold Miners ETF. As of this week, its net assets were running 52.6x larger than its next-largest 1x-long major-gold-miners-ETF competitor. So when investors and speculators are interested in gold stocks, that's naturally reflected in GDX trading activity. And it has just collapsed this year, reflecting waning interest in this contrarian sector.
At best last year, GDX skyrocketed 151.2% higher in just 6.4 months! Such a volatile price range leaves normal raw daily trading volume much less comparable over time. So I prefer to use a simple construct called capital volume. It multiplies the number of shares traded each day by that day's share price. This effectively normalizes volume in price terms, revealing how much capital is moving in gold stocks via GDX.
This chart looks at GDX capital volume over the past year and a quarter, which encompasses the mighty new bull market in gold stocks. GDX's share price in blue is superimposed over raw daily capital volume in red, which can vary wildly from day to day. So capital volume's 21-day moving average is included in yellow to smooth out this erratic data. Calendar months average 21 trading days, so it's a one-month smoothing.
A year ago in January, the gold stocks slumped to a fundamentally-absurd13.5-year secular low in HUI terms. From those depths of despair, a major new gold-stock bullwas born. While gold-stock sentiment isn't quite as epically bearish today as it was at that deep low, it's surprisingly not a whole heck of a lot better! As usual soon after prevailing sentiment waxes too bearish, gold stocks exploded higher in early 2016.
Note above those massive gains evident in GDX were fueled by a massive surge in this leading sector ETF's capital volume. It nearly tripled from a practically-nonexistent $0.7b per day to $2.0b in 21dma terms, and then established a new high trading range. For the rest of 2016 after that, GDX's capital volume settled into that new bull trading range of $1.5b to $2.2b when smoothed using that one-month average.
This consistently-highcapital volume reflected growing investor and speculator interest in this red-hot gold-stock sector. Capital generally migrates to where it is treated well, and the gold-mining stocks were providing fantastic stock-market-dominating returns. There were naturally healthy sharp selloffs from time to time to rebalance sentiment, which spiked volume. But even ex-selloffs, capital volume stayed high.
This strong new gold-stock bull was looking great all the way into late September. There was a major correction in late August, but gold stocks had subsequently been grinding higher for nearly 5 weeks. Sentiment remained fairly bullish after such an amazing early-bull run, until an unfortunate series of three low-probability selloffs totally changed how traders perceived gold stocks. Budding love turned to hate.
Back in early October, the gold miners' stocks plummeted in a brutal and rare mass-stopping event that was driven by gold-futures stops being run. The gold stocks recovered sharply after that, but were yet again improbablyslammed after Trump won the election. Before that election, gold had caught a bid every time Trump seemed to climb in the polls! But the resulting Trumphoria killed gold investment demand.
Then finally in mid-December gold stocks plunged yet again on a more-hawkish-than-expected Fed outlook for rate hikes in 2017. As this sector's strong recoveries after its major late-summer correction and that early-October mass stopping proved, traders' sentiment could weather a couple of heavy punches. But three in a row, four if that summer correction is counted, was too much to bear resulting in a knockout.
So gold-stock interest increasingly waned on this exceedingly-unlikely and absurdly-unlucky series of improbable selling events. That was evident in the relentlessly-decliningGDX capital volume. By late December at a major gold-stock low after GDX had cratered 39.4% in just over 4 months, this key ETF's capital volume had retreated all the way back to bull-trading-range support. That was merely $1.5b per day.
As gold stocks rallied sharply out of those mid-December-2016 lows to begin a major new upleg, traders' interest should've recovered rapidly given this sector's market-leading performance last year. But after a couple weeks of capital volume mean reverting higher, it started slipping again. Even as the gold stocks kept rallying on balance between mid-January and early-February 2017, GDX capital volume collapsed.
Despite GDX soaring 34.6% in less than 2 months, which was far better than other sectors buoyed by all the Trumphoria, capital volume fell under its bull-market support. By late February it had crumbled below $1.3b on a 21dma basis! Those were the worst levels in a year, since the early weeks of gold stocks' young new bull when it still remained unproven. This week GDX capital volume slumped back near $1.3b.
Investors and speculators simply aren't interested in gold stocks. This trend began in that crazy series of major selloffs since last summer, which is understandable. But to see it intensify despite a sharp gold-stock rally in early 2017 is unbelievable. Normally capital volume surges to drive a young new upleg like we saw in early 2016. But early this year capital volume continued to wane despite a strong new sector upleg.
Again there's little doubt the Trumphoria is to blame. As the stock markets surged after the election on big-tax-cuts-soon hopes that look increasingly Pollyannaish, gold demand cratered. Stock investors and gold-futures speculators alike dumped gold at dizzying rates, hammering it and its miners' stocks way lower. With general stock markets hitting record after record and drenched in euphoria, no one wanted gold.
The resulting anomalously-bearish psychology has created an incredible opportunity. Sooner or later, these lofty stock markets will inevitably roll over into their long-overdue bear. That will quickly shock traders out of their zombified stocks-to-the-moon stupor. Once investors finally realize that this time isn't different despite the Trumphoria, gold investment demand for prudent portfolio diversification will surge again.
That will entice back the missing-in-action gold-stock investors. As capital floods back into this starved sector, gold-stock prices will explode higher again. Always throughout all markets, excessively-bearish sentiment is a very-bullish omen. It indicates the sellers have already sold, leaving only buyers eager to return on the right catalyst. Bearish sentiment both births and fuels major new uplegs yielding massive gains.
And gold stocks' technicals very much back this bullish outlook based on abnormally-bearish sentiment. This next chart shifts back to that flagship HUI gold-stock index, which is closely mirrored by GDX. The gold stocks are on the verge of a few major breakouts that will likely unleash serious buying. And that of course will quickly turn sentiment around, attracting in more traders which will accelerate this sector's gains.
Because the HUI has far less component stocks than GDX, this sector index's moves are bigger than that ETF's. In HUI terms the gold stocks nearly tripledin the first half of last year with a 182.2% gain! After such a rousing performance for a new bull's first upleg, traders should love this wealth-multiplying sector. But they largely gave up on it after that unfortunate series of improbable selloffs late last year.
Those ultimately pummeled the HUI 42.5% lower in just over 4 months. Provocatively the gold stocks bottomed in mid-December the day after the Fed's second rate hike in 10.5 years. That simply mirrored and amplified gold's action, since gold's price is the overwhelmingly-dominant driver of gold-mining profits. Unfortunately gold's and thus gold-stocks' fortunes are heavily intertwined with Fed actions today.
Gold-futures speculators, who wield outsized influence on gold prices, fervently believe higher interest rates spell doom for gold. This notion is supremely irrational though, as history proves gold thrives in Fed-rate-hike cycles! This metal's average gains during the exact spans of all 11 Fed-rate-hike cycles between 1971 and late 2015 ran 26.9%! That's an order of magnitude greater than the S&P 500's 2.8%.
So it shouldn't be surprising the second upleg of gold stocks' young bull was born immediately after a hawkish Fed meeting in mid-December. The gold stocks surged dramatically into early February, albeit on abnormally-low volume. Then this sector corrected sharply into early March. That correction was largely driven by fears of an imminent Fed rate hike, as futures-implied Fed-rate-hike odds were soaring.
The Fed won't risk surprising the markets with a rate hike and sparking major selloffs in both bonds and stocks. So it won't hike unless federal-funds futures imply 70%+ odds of a hike at any given meeting. Back in early February when the HUI hit upleg highs near 222, those odds for a mid-March hike were just 4%. But by the day the HUI bottomed in early March, those same odds had skyrocketed to a certain 91%!
While gold stocks' 18.1% correction in a month was sharp, it wasn't unusual for this volatile sector. After that the gold stocks drifted near lows into the Fed's mid-March meeting. The Fed took advantage of the high rate-hike expectations to indeed hike. That finally confirmed a new rate-hike cycleis underway since December 2015, the 12th since 1971. Despite that irrationally-feared hike, gold and gold stocks surged.
The Fed officials' outlook for total rate hikes in 2017 stayed unchanged at three, contrary to expectations among traders it would climb to four. So gold blasted 1.9% higher on Fed-rate-hike day, which motivated traders to aggressively buy gold stocks. That catapulted the HUI up 7.8%, and confirmed a new uptrend channel for this bull's second upleg. Realize this entire gold-stock bull has happened within a rate-hike cycle!
From the day before its first rate hike in December 2015 to its third rate hike in March 2017, the HUI had soared 80.6% higher in just 15 months! That was driven by a parallel 15.1% gold rally over that same span. So this universal belief today that Fed rate hikes are bad news for gold and gold stocks is totally baseless. History, and even this current rate-hike cycle, prove the opposite. So don't fear Fed rate hikes!
Since the gold stocks were jumpstarted on Fed Day a few weeks ago, they have mostly lingered around their key 50-day moving average. That's proven strong upper resistance for several weeks now. But just this week, the gold stocks as represented by the HUI finally managed to claw above this level. So it's not going to take much more rallying to drive a decisive 50dma breakout, which should ignite lots more buying.
Love or hate technical analysis, countless big traders including hedge funds carefully watch technicals as part of a holistic trading approach. So breakouts above key resistance levels usually lead to new buying and strengthening upside momentum. This imminent 50dma breakout is likely to easily carry the HUI up to its next major resistance at its 200dma. That had halted the gold stocks' advance twice in February.
200-day moving averages are probably the most important in all of technical analysis. Stocks or sectors above their 200dmas are often considered to be in bulls, where buying begets more buying. So once the HUI decisively breaks above its 200dma again, even bigger funds are going to start chasing gold stocks. These professional traders will remember this sector's huge gains in 2016, and position for more this year.
All this will drive one more major breakout that will really help shift gold-stock psychology back to bullish again. Within a month or two after that 200dma breakout depending on how fast gold stocks rally, they will drag the HUI's 50dma back above its 200dma. That's known as a Golden Cross, which is one of the most powerful indicators in technical analysis. Traders see them as signs major new bull markets are underway.
So in addition to suffering exceedingly-bearish sentiment today which is actually super-bullish for this sector's near-term outlook, the gold stocks are on the verge of a series of major upside breakouts on the technical front. These two factors alone support aggressively buying gold stocks today ahead of this bull's second major upleg accelerating dramatically. But a couple more factors really amplify this bullishness.
Gold and gold stocks have long enjoyed strong spring rallies, heavy seasonal buying between roughly mid-March to early June. The potency of these seasonal tailwinds is much greater when sentiment and technicals are also bullish. This is really an exceptional setup for a major spring rally this year. Last year, the HUI blasted 34.9% higher in this spring-rally span! Similar outsized gains this year wouldn't be surprising.
The gold miners remain strong fundamentally too, fully justifying big fund buying in the coming months. In Q4'16, the elite gold miners of GDX reported average all-in sustaining costs of $875 per ounce. That was far below prevailing average gold prices of $1218, yielding healthy profits. In Q1'17, gold's average price modestly started mean reverting higher to $1220. So gold-mining profitability is still strong and growing.
Thus the sentimental, technical, seasonal, and fundamental gold-stock stars are all aligned for a major acceleration of this young bull's second major upleg in the coming months. The smart investors and speculators are already positioned or buying now, before everyone else figures this out. By the time the gold stocks are much higher and excitement is mounting again, you'll be wishing you had bought in way earlier.
While investors and speculators alike can certainly play gold stocks' accelerating upleg with the major ETFs like GDX, the best gains by far will be won in individual gold stocks with superior fundamentals. Their upside will trounce the ETFs', which are burdened by over-diversification and underperforming gold stocks. A carefully-handpicked portfolio of elite gold and silver miners will generate much-greater wealth creation.
At Zeal we've literally spent tens of thousands of hours researching individual gold stocks and markets, so we can better decide what to trade and when. As of the end of Q4, this has resulted in 906 stock trades recommended in real-time to our newsletter subscribers since 2001. Fighting the crowd to buy low and sell high is very profitable, as all these trades averaged stellar annualized realized gains of +22.0%!
The key to this success is staying informed and being contrarian. That means buying low when others are scared. So we've aggressively added new trades before and since last month's Fed meeting. You can easily keep abreast through our acclaimed weekly and monthly newsletters. They draw on our vast experience, knowledge, wisdom, and ongoing research to explain what's going on in the markets, why, and how to trade them with specific stocks. For only $10 per issue, you can learn to think, trade, and thrive like a contrarian. Subscribe today, and get deployed in great gold stocks before they surge again!
The bottom line is gold stocks are on the verge of major technical breakouts. The HUI is finally clawing over its 50dma after challenging it for weeks, with its 200dma now in its sights. Both breakouts should unleash big buying by technically-oriented funds. That coupled with abnormally-bearish sentiment as evidenced by very-low capital volume is exceptionally bullish for gold stocks over the coming months.
Mix in spring's seasonal tailwinds and gold miners' continuing strong operating fundamentals, and we have real potential for one heck of a bull-market upleg. Gold investment demand, and therefore capital flowing into gold stocks, will only grow as Trumphoria inevitably fades. As stock traders realize big tax cuts aren't coming soon, these euphoric stock markets will roll over rekindling interest in gold and its miners.
http://www.321gold.com/editorials/hamilton/hamilton040717.html
Thanks for the lift JD.
CD
Maybe Gran Columbia arrives at a settlement by this fall!
TGZ 5:1 reverse split.
From the management information circular dated April 3rd, 2017:
Geo, I did vote yes on the bond extension and I agree it give them and us more breathing room. I did not know about the lawsuit, sounds very positive. It was said that they have buyers @1.50...maybe, maybe not, it's not in writing so, I see it as hearsay. 1:15 is extreme and leaves too much room for dilution after dilution, I might vote for 1:5. TGZ is voting on a 1:5 RS next month as well, they need $250M for the new mill so,
get ready to take it up the rear from them!
Cork, just got back and read your PM. I am flattered with your invitation but, I think I will hold off for now, not sure how much more posting I am going to be doing in the immediate future. I'm going to give it and myself a rest, tired of beating my head against the wall, not good for one's health. I would like to revisit this, if and when we start to once again see the light at the end of the tunnel.
Peace, CD
PS, Something changed the beginning of March with the level of fraud...GDX, GDXJ and miners now performing pathetically with higher gold. Gold up $17 today and response in the mining sector amounts to squat.
My 1M shares voted NO! 1:15 is a bit extreme!
Things seemed to change with miners (forward momentum evaporated) a couple weeks after the February FOMC meeting when the fed started babbling on about raising rates in March.
It's hard to say but, it's possible that GDX, and GDXJ are rigged more so this year than last.
My guess is GDX, GDXJ are their main vehicles for manipulating miners.
Cork, It was interesting to see most miners on my watch list go green in unison this morning, it would appear that this was a GDX, GDXJ rebound. Apparently GDX and GDXJ are selling off leading up to rate hike meetings or opex...anything that could possibly slam down gold, and then sharply rebounding after the treat has passed. I could be wrong but, this price action seems to be new this year.
What are your thoughts on this?
First this...Gold Jumps As "Dovish" Dudley Sees The Light On 'Hard' Economic Data, Warns Of Q1 Weakness
Mar 31, 2017 9:25 AM
It may be the fastest transition from a "hawkish" to "dovish" to "hawkish" stance by a Fed talking head in history, after New York Fed President Bill Dudley went from "it is important not to overreact to every short-term wiggle in financial markets" and predicting "gradual rate hikes for the rest of the year" yesterday after the close, to "the Fed is in no rush to hike" back to "two more interest hikes this year seems reasonable".
During the Bloomberg interview, Dudley also admitted there's "no rush to hike" as the "economy is clearly not overheating," warning of the potential for Q1 weakness as "sentiment [improvements] are not showing up in the hard data yet."
Then this...Fed’s Dudley says two more interest-rate hikes this year ‘seems reasonable’
Mar 31, 2017 10:03 AM
WHAT A SHIT SHOW BY THESE ASS CLOWNS!
Cork, Honestly I don't know how gold ever has any gains, you've got opex in the middle of the month, the end of the month and the fed opening their traps everywhere in between.
Geo, What do you think is the reason for this non-correlation...possible breakout for GDX, GDXJ?
Also, what is your take on Gran Columbia 1:15 reverse split?
I notice gold and dollar are moving together.
Bottom line is...If Trump wants a weak dollar, he will eventually have a weak dollar.
Gold Slammed Below $1250 After Fed Fischer 'Dovish' Comments
This is their game...it's all about triggering the HFT algos with "key words" to steer the markets where ever they damn well please.
Confirming just two more rate hikes in 2017 and plenty of uncertainty and fear over productivity growth, a 'dovish' Stanley Fischer sparked an instant reaction in USDJPY (spiked above 111) and Gold (slammed below $1250) as stocks moved to the day's highs and bond yields rose (30Y over 3.00%)...
"Notably Fischer did his very best to say absolutely nothing. But did say the following which seemed enough to trigger the algos..."
*FISCHER: TWO MORE RATE HIKES SEEMS TO BE ABOUT RIGHT FOR 2017
*FISCHER: PRODUCTIVITY GROWTH IS VERY LOW BY HISTORIC STANDARDS
http://www.zerohedge.com/news/2017-03-28/gold-slammed-below-1250-after-fed-fischer-dovish-comments
S~P, Thanks for the vote of confidence, BTW I prefer to call it "venting".
Happy to see the dollar and gold returning post-haste to the levels they should have closed at on Friday before that fraudulent smack down.
I hear ya Cork, good summation. What ever happened to Bill Black, he'd be a good candidate to lead the charge.
Cork, you've said that before about mining CEO's, what would they have to gain by colluding, especially ones being large share holders?
This is precisely why I don't trade options, you make the correct predictions and bets and if you aren't quick enough, they pull some shit like today and your options expire worthless. I would rather have a few good miners near the lows that produce, have assets and are on track for increased production along with reductions in AISC. They will increase in value with time on fundamentals alone. I'm long but, it would be nice to take some profits and cost average down once in awhile.
Yep, once again gold gets slammed all the way back down to close at $1243 on news that we were all waiting on for days and days that should have at least bolstered it at $1250, our predictions and wagers have been spot on but, our profits are CLEARLY being stolen over and over again by these CRIMINALS, just like election night, like you said Cork, it's easily in the Trillions! You would think that multiple organisations with very large holdings (miners anyone?) could get some closure on this fraud.
Yes, they would be nice additions and maybe Ron Paul.
How about an organization like Judicial Watch.
https://en.wikipedia.org/wiki/Judicial_Watch
All this hoopla was about confidence in Trump and whether he could get things done or not, he said he would drop heathcare reform if congress didn't vote today...well, should be as good as a NO as far as markets are concerned????
I'm convinced markets are all computer controlled and re-programmed in minutes to suit whatever outcome TPTB desire. When markets need to be stick saved, it is done with the trillions of unaccounted for tax payer dollars given to the banks through bailouts after 2009.
AUDIT THE WHOLE MOTHERF**KING BUNCH!
Oh, but there is more...
The Dow just erased a 130 point loss and gold got dumped all in seconds, with the dollar still falling, just after the republicraps pulled the healthcare bill, now pushing to be green for the ever important weekend close, what a f**king joke!
But,but,but I thought a no vote was BAD for the market and GOOD for gold???
For the amount the dollar and the markets fell today, gold hasn't done squat. I guess they are probably scrambling to re-program the HFT algos to drive the markets and dollar higher with a ryancare NO vote (as their new narrative) instead of the earlier "sure thing narrative" programming for a YES vote. Bunch of F**KING CRIMINALS!
Oh BTW, the Dow just erased a 130 point loss and gold got dumped all in seconds, with the dollar still falling, just after the republicraps pulled the healthcare bill, now pushing to be green for the ever important weekend close, what a f**king joke!
But,but,but I thought a no vote was BAD for the market and GOOD for gold???
Kaiser Sousa's market wrap pretty much sums it up...
From Zerohedge 3/23/17
"When the same bullshit happens every fucking day there’s no need to write, just cut and paste…”
-Kaiser Sousa -
"Another day, another pathetic and OBVIOUS effort to rescue the Fraud Markets especially the Dow Jones Propaganda Index preventing it from registering another day of losses… http://www.marketwatch.com/investing/index/djia…"
Well if ever there were irrefutable proof of how completely fraudulent these fucking markets are all you need to do is look at today’s 150 point ramp of the Dow Jones Propaganda Index on ABSOLUTELY NO GENUINELY POSITIVE MACRO-ECONOMIC NEWS OR DATA WHATSOFUCKINGEVER,,,
Oh wait, it can all be chalked up to the passage of Donald ChumpCare…
BUT WAIT - THERE WAS NO PASSAGE AND NOT EVEN A FUCKING VOTE CAUSE IT AIN'T GONNA FUCKING HAPPEN!!!!
And how bout that nice little nudge right in the last 5 minutes of trading n a laughable push to finish green for the day….
Oh, and lets not forget about ANOTHER day of capping the phony paper price of Gold right below the Fed & ESF goaline of $1250 all brought to you courtesy of “trading” ONLY in New Dork & Londone….
That's right boys & girls…on a week were the fucking DJPI has been all over the fucking place Gold has “traded in a $3 dollar range right below - you guessed it $1250?????
“Markets"???
“Investors”????
Fuck off with that fucking bullshit…
DEATH TO THE FUCKING MONEYCHANGERS.
Trump Tantrum looms on Wall Street if healthcare effort stalls (Reuters)
It looks like they've probably re-programmed the HFT algos to run the markets and dollar higher (as their new narrative) if the Ryancare bill passes today. This bill should have MINIMAL to NOTHING to do with the markets whether it passes or NOT!
Because sheeple are complacent, apathetic, easily distracted and generally ignorant and the ones calling the shots know it!
We Already Passed The Point Of No Return: Bill Holter
GOLD RETAKES $1250!
Cork, What's even more absurd is that the dollar has dropped 50 basis points since 12am, now sitting well below 100 and gold is STILL sitting more or less unchanged. If the dollar has risen 50 basis points, you can bet gold would now be testing $1200.
Got 4 fed presidents speaking tomorrow. Since Ol'Yeller didn't get the job done (crushing gold), their sending in the clown brigade tomorrow. They are criminally gaming the markets with their words, HFT computer algos buy/sell on key words, they just will not STFU!
Sam, see post #32460 if your curious about the reasons.
Thanks Sam, looks like you've done well, I'll take a look and put on my watch list. I see, aside from the bubble last year, they have been valued at .25 but, there have been a couple splits and some PP's since then. Were those reverse splits? Boy if they get anywhere near $1 again, your in the money!
Nice call, highest volume close since last year, maybe longer.