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The Lunatic Fringe - Trading talk.

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The big question is whether global CBs will allow the bond market to crash...

To prevent it - the Fed would have to be the buyer of 1st resort for any bonds offered for sale...
Isn't that what they just announced? They would be buyers of federal and state bonds?
 

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Isn't that what they just announced? They would be buyers of federal and state bonds?
I hear they are taking used bicycles as collateral... </sarc> basically anything goes to keep you afloat.
 

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I have never seen the physical market dry up as badly as it has right now. Even during the last crisis there was some metal available. Right now it looks like they pulled out all the garbage no one wants like the colored rounds and its going for 9 bucks plus premiums. YIKES.
Best gold deal I found was Provident buffalos at 100 over. Thats really the only thing available. I thought toilet paper was hard to find.
 

savvydon

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I have never seen the physical market dry up as badly as it has right now. Even during the last crisis there was some metal available. Right now it looks like they pulled out all the garbage no one wants like the colored rounds and its going for 9 bucks plus premiums. YIKES.
Best gold deal I found was Provident buffalos at 100 over. Thats really the only thing available. I thought toilet paper was hard to find.
I’m seeing big premiums for both gold and silver even between dealers. The stuff is getting very hot and very much in demand. I think we are just getting started here.
 

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I think that is the first time I have looked at the Kitco app and seen +105.25

Going out on a limb here... but it's looking short squeezy to me. I wonder if the Comex will come out all guns blazing or be in a short retreat! Maybe someone in London is blowing up and has been forced to cover short.
 

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I didnt think general miners were the place to be q1 2020, posted all my sells at top of range and they got Chernobyl'd as expected. I think they could be the place to be through summer maybe and i'm positioned for that trade with caution now.
Lets see if we can finally make some money on the miners (and keep it)

Screenshot_20200324-073646_Google.jpg
 

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Armstrong - Is this a Staged Political.....anyone?
Yes... he believes that it is timed with a cycle and it is being greatly amplified on purpose by powerful Europeans (selling everything hard) with the aim of using the crisis to get radical changes through the financial system. Crypto Euro, consolidated bond market, negative rates etc and armed forces... essentially to establish a European super state or the USE!
 

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There is talk of swiss gold refineries closing. Gold is going to disappear. It is going to go parabolic short term. If there is enough updraft we should see silver come along for the ride. Stay tuned...
Yes... closed. There is supply but shipping is the problem with the airlines etc. So locations are drying up if you are not near supply.
 

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oldgaranddad

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Yes... closed. There is supply but shipping is the problem with the airlines etc. So locations are drying up if you are not near supply.
Once the price starts moving upwards, even those pools of available PMs will evaporate.
 

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NY Gold just went from $1660 to 1580 in milliseconds. WTF?
 

oldgaranddad

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The US mint still registered a ton of PM sales yesterday. Evidently they are still taking orders from the AP's.
It could be they are fulfilling orders already taken and they are finally being booked as sales. New orders might be another thing.
 

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Well, it is back to 1660, but the buy/sell spread is $20 right now. Either the ticker at kitco is broken, or, if that is the real state of affairs, then we are approaching lift off...
The junk yard dog will be frightened and fighting. Tonight could see a proper Comex blowup if a big short capitulates.
 

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NY Gold just went from $1660 to 1580 in milliseconds. WTF?
Comex on the offensive, they probably dumped a shit ton... not working that well so far.
 

oldgaranddad

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... sorry, today... night here!
I was thinking the same thing. I don't think they are going to get through the day without some sort of rule changing madness.