1. Have a Great Weekend!!
    Dismiss Notice
  2. This Monday, Feb. 20, all U.S. banks and financial markets will be closed in observance of the Presidents Day,
    Dismiss Notice
  3. Week of 2/17/2017 Closing prices & Chg Over Last Wk---- Gold $1239.10-- Silver $18.03-- Oil $53.78-- USD $100.95 -- Based on near term futures contract--- At JMB Current price AGE 2017 $1304.51 (1), SAE $21.15 (20)

Who here thinks this run up is warranted?

Discussion in 'PM Trading/Stocks/Technical Analysis' started by Fjpod, Nov 2, 2016.



  1. Fjpod

    Fjpod Silver Member Silver Miner

    Joined:
    Jan 3, 2014
    Messages:
    424
    Likes Received:
    171
    Trophy Points:
    43
    I must be missing something, but I don't see it.

    Industrial metals (other than silver) are flat or down. Stock market is down. Economy is chugging along somewhat positively. Interest rates are about to go up.

    Is it election uncertainty? Or is there some other fundamental?
     
  2. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    12,571
    Likes Received:
    9,676
    Trophy Points:
    113
    Games seem to be over, if Trump wins heads roll, Oatsama will let the markets crash to try to fk him, if killary wins its gridlock with massive nation wide protests , trials ect, the end seems to be near. jmho
     
  3. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    1,945
    Likes Received:
    915
    Trophy Points:
    113
    Location:
    Bluegrass
    FED has to take down the s&p 10-20, maybe 30% to get people buying again. Everything is over priced. Outflows for a year or more now. Big money stacking cash waiting for it. Hedging with gold/silver at the moment.

    In terms of metals, they are ready to squeeze shorts. Just look at the CoT report.
     
  4. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    1,945
    Likes Received:
    915
    Trophy Points:
    113
    Location:
    Bluegrass
    Metals don't move because of events. That's the cover up. What they want you to think. All that matters is where the institutions want to buy and sell for profit.
     

Share This Page