Gold has Been Trumped !
And is getting Thumped and Dumped
For the Trump nation here
I hope you are Pleased as we watch our Portfolios Disintegrate
🙂 🙁
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WE ARE
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Worthless NOISE.
I agree… lots of noise. On a good note… silver is performing great in usdollars… all things considered
Noise ? Our PM Stocks are Down 4% on average and some breaking below resitance.
Trump needs a deal with the Chinese to save the stock market
All he has to do is say there may be a deal and up she goes.
This is more than noise here
“This is more than noise here” Yup.
This is Powell caving. But does he have a choice? Is there an escape?
There’s no way to let the air out of the Everything Bubble slowly.
So its Kick the Can or watch it all come down, including the banking system.
The key reaction I’m watching here is rates. TLT broke support.
Higher rates are what’s doing the damage here. A tad ironic, as Fed is committing to buying $60B/mo in T’s. But long term rates are going the other way. That will bite Main St again soon.
For all of us gold and silver bugs… would be cool to get out charts of the PM’s correlation to a wide variety of… well anything. Then we could see what are the actual movers for it’s price. I have a feeling it’s mostly related to the simple nature of fiat currencies flawed design, that they all eventually FAIL (lose all their value). But for our daily curiosity needs, what are the most strong correlation? And if one of them starts to correlate less, then maybe another picks up the slack? That’s why I think pretty much all is noise… on the medium and shorter time frames.
China is likely to remove its restrictions on importing pork from the U.S. They will then import pork from Smithfield Farms, the world’s largest pork produced located in Virginia. Smithfield Farms is owned by China.
Smart Chinese
sheesh
I was referring to NOISE as in I don’t much care what Trump does. He won’t evaporate trillions upon derivatives many more trillions in debt.
Meanwhile he can evaporate our portfolios
Let’s see…where is Rambus right now. Oh yeah, he controlled his greed and took profits in PM’s two weeks ago. Oh yeah, he actually went 3x short the PM’s right about then too. Oh yeah, he also started going long the SM about a week ago. I guess even though Trump seems to be reaching out and controlling some people’s trading decisions around here, he’s obviously not controlling Rambus. Nevertheless, ORANGE MAN BAD! Waaaaaaaaa.
LOL
He is certainly bad for Gold today..
However if things spiral out of control for him and he is impeached that will likely create chaos…which will be good for Gold
Rambus is trading very well thanks for pointing it out.
He basis his trades on Charts only of course.
It’s ALL in the charts.
Yes it is all in the charts but few have the discipline or emotional control to follow them exclusively like Rambus does.
Very True Sir Shannon