Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My conclusion after a weekend of research and analysis is that Russia has no intension to invade eastern Ukraine. This is not to say the crises is over, aside from socalled "pro-Russion separatists" taking hostages, there is progress, most notable being the withdrawal of Russian forward positioned military equipment and manpower at the Ukraine border on Friday. The smartest thing for Moscow to do, is distance themselves not only militarily from the Ukraine in a logistic sense, but also ideologically from the pro-Russian separatists, whose lack of training, authority, direction, equipment and discipline appear more to be rabble than anything else.
SA
For Russia, Negatives Seem to Outweigh Positives of an Invasion - NYTimes.com
http://www.nytimes.com/2014/04/27/world/europe/for-russia-negatives-seem-to-outweigh-positives-of-an-invasion.html?hpw&rref=world&_r=0
UKRAINE NEWS all major events one source
http://www.news.nom.co/ukraine/
ITAR-TASS: World - Presidential candidate: situation in Ukraine can be settled in 2 days
http://en.itar-tass.com/world/729679
Hopefully, calmer heads will prevail, I think all the rhetoric spewing forth from Kerry's mouth isn't helping, IMO he's a piss poor diplomat, how he got the job is anyone's guess, certainly not by his skill-set. Obama needs to fly to Moscow and have a one on one with Putin, problem is there are so many middlemen speaking out both both sides of their mouth, nothing but gibberish is coming out, Obama occasionally putting in his two cents, as well as Putin, doesn't help either. Putin needs to make public communiques with the pro-Russion vagabonds and tell them to put their arms down, a contrast of terms, (because many are only armed with baseball bats), and vacate all occupied public facilities and free those 7 mediators. And last but not least, the interim Ukrainian PM, needs to stop his grandstanding and ham boning. Aside from the Russian military buildup on the border, I see this as nothing but a circus sideshow, unworthy of international attention, once diffused, gold can continue, unadulterated, on its mission to reprint last years lows or rocket to the heavens on its own merit.
These twins are classic suckers bets, harder to predict than the weather. ;)
For gold being such a safe haven, they sure are selling the crap out of it.
Hey Lifter, I haven't been looking too close at the individual miners, just the etf derivatives, Nuggie and Jugs and their twisted sisters. I heard some acuisition chatter about Newmont, I'm mostly concentrating on the shiny metal futures these days.
Happy Friday NY, ready to put a fork in it, or is it playing possum, went crazy up to 1305 and now appears as weak a baby kitten.
Friday's Economic Events
PMI Services Flash
9:45 AM ET
Consumer Sentiment
9:55 AM ET
I guess I'll have to agree with you NY, but I really thought it was because of the angle of the dangle. What's your game plan? Hold long @ 78?
Last big volume day for gold:
04/15/14
High 1,328
Low 1,290
Close 1,302
Volume 199,031
Looks like interim support of 1287.xx, for now, one thing for sure, that bounce off 1268 burned a lot short sellers, many of whom are understandably reluctant to re-enter the fray. Volume so far is 160,439 contracts, we might break 200,000 today.
Don't change anything!!!! :)
Crude oil probably has the most savy traders of all commodities, a good thing to put on one's radar, an upward spike could mean game on in the Ukraine.
This slow bleed could turning into panic selling or buying at any time, we'll see by lunchtime or EOD. I'm on the sidelines, trying to keep an open mind, I'll swing either way, tough call right now, crazy to think the play of the day was long from 1268 for a near 32 point gain to HOD, 1278 ain't bad either. :) Another one for the record books.
Well you got your 1270 this morning, surprised the heck out of me, but there is a such thing as reality, fundamentals and most importantly, gravity, with the only offset being a negative jobless report and the Ukraine, whereby the Ukraine might trump everything. Never a dull moment trading the shiny stuff, that's for sure. :)
Hey B1, you a a month ago I wouldn't have thought Mother Russia would have the guts to invade the Ukraine, now I'm pretty certain they will, and it could get ugly, really ugly if they do, and yes gold will go through 1300 like butter.
I can't see gold holding in the 90's today, after being such a dog with fleas the last several days, weeks. I say timba.
You mean 1278? I thought maybe there was major action in the Ukraine, this think climbed with a vengence. No shots fired yet, must be a squeezola.
Looks like the mother of all reversals to me, or at least a cousin.
Gold traded 130,844 contracts so far, incredible volume. Silver outperforming gold by 2 to 1.
This thing's po'd.
Last night I shorted @ 1286.60, covered for a small profit, and went to bed thinking the action was over, darn, the action was just starting. We did have a nice pop from 1268.4, looking at the chart it appears there was short covering before the econ numbers and then a pop of nearly 8 buckaroos on the jobless number. Great trade NY, like I said before, you should give lessons. :)
NY, I missed the action last night, hit the sack early, darn, please tell me they didn't wiggle you out with the last evening's pop to 1287.
USD weak across the board.
I'm presently on the sidelines, bought gold at session close today @ $1283.80 and sold for a tiny profit when futures opened about an hour ago, when things didn't look so hot. Yep, great arguments for the shiny stuff, problem is, it still refuses to perform.
Guilty as charged. We've got a couple econ reports out tomorrow, both should be negative to the flea bitten stuff if the results are similar to the last time. Durable Goods Orders 8:30 AM ET
Jobless Claims 8:30 AM ET, maybe that's what's going on with the darn shiny crap, but when are traders so scientific, what happened to slap leather and draw at the drop of a hat, or did that go the way of Butch Cassidy and the Sundance Kid? Chaotic stupidity going on with gold futures at the present moment.
Final thought of the day...
Gold is a dog with fleas.
click here
If all else fails, it's time to use Hadji's levitation trick...
click here
Yep, but typically gold is a leading indicator for the mining sector as a whole, today and yesterday it's been lagging, when it cracks 1285, watch GDX go higher. Usually after several failed attempts at a breakout, the issue will trade lower, or tank, but gold today seems to be consolidating at 1284-1284.50, perhaps like a coiled cobra getting ready to strike. Right now gold and silver are Tweedledee and Tweedledumb, seemingly clueless and without true direction. :)
The miners are doing fine, no thanks to gold for the moment. I've been waiting for gold to wake up and come to the party, it's tried 3 times this afternoon to break through 1285, the last attempt a total flop. When and if it does crack 1285, look out above IMO. :)
Russia Threatens To Retaliate If Interests In Ukraine Attacked
Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its "interests" in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east of the country a day earlier.
Lavrov's remarks came in an interview with Russia Today, which published excerpts of the English-language interview to be broadcast later Wednesday.
The top Russian diplomat also compared the current situation in eastern Ukraine to that which led to a brief five-day war in August 2008 between Russian and Georgia over the Georgian region of South Ossetia. Georgia lost the 2008 war with Russia, leading to Moscow recognizing the breakaway regions of South Ossetia and Abkhazia as independent states despite firm opposition from the western nations. (excerpted in part)
For Comments and Feedback: editorial@rttnews.com
Copyright (c) 2010 RTTNews. All Rights Reserved.
Thursday's Economic Events
Durable Goods Orders
8:30 AM ET
Jobless Claims
8:30 AM ET
Bloomberg Consumer Comfort Index
9:45 AM ET
EIA Natural Gas Report
10:30 AM ET
Kansas City Fed Manufacturing Index
11:00 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
52-Week Bill Announcement
11:00 AM ET
2-Yr FRN Announcement
11:00 AM ET
7-Yr Note Auction
1:00 PM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
Yep NY, feelings and emotions are what separates the masters from the rest of the pack, apathy rules. I'm going long next pullback, should have entered at 1282.50, seems like good support for now. Nuggie's rocking, looking for gold to follow suit.
Mother, JUGS and Speed, Kap, you might be waiting awhile for that 15 handle on JUGS.
Hey, NY, you're at the right place at the right time, housing numbers were bad, PMI was in line, the shiny stuff shouldn't have done the tankola on these reports, so as you suspected, they want it down regardless or they can't do simple math. Good thing I went back to bed or I would have gone long on the reports, that's why I try to avoid playing econ data, what's up is down and vice versa, sometimes.
Morning NY, we had pretty good support at 1283 all night, not much conviction above 1287, data coming out this morning:
PMI Manufacturing Index Flash
9:45 AM ET
New Home Sales
10:00 AM ET
NY did you resolve your conflict?