gold, page-67386

what a week ayy!!!!!!!!!!!!!!

as shown above starting Monday lots of shorts against GDX stocks. look at old dust, still not back to where it was called a bottom at 8 plus dollars,

but mega mega volume leveraged x3 as the market was cratering last night placed- but noet the inverse on the GDX.

lots of leveraged shorts on that play that's for sure which resulted in a very high velocity test of again the old break up point which was again called as double top, note the fast money traders bailed out of dust towards end of trading, ( the tail) and gold finished 1.43 % off the old double top to finish at 1584.

Super crowded and very quickly, but the markets of course quickly fell in USA, apparently the steepest fastest fall into correction in history - surprised some didn't call it, but of course they will say they did in the not to distant future - will have sold at the top for sure. But the best part is we know have a set of really great researchers here who understand and quickly bring up posts from the past - one of the benefits of HC...…. except of course that this thread for me no longer goes back to the very beginning.

Anyhoooo Gold did what it was supposed to for those carrying it for insurance, as markets tanked so fast this week they recovered some losses with cashing in some of their alternative assets / gold

USA markets finished way way off their lows last night

End of a brutal month for equities which they said wouldn't fall

Passive index funds , wow some brutal losses there, add in some of those FX losses on the same funds and ...well,,,not too good

Will be interesting to see what the fed did this week with their securities held outright when its posted next Saturday.

good to see the know all back, last Friday I was reading what appeared to be dummy spits after dummy spit to all the posters replying - this week gold fell so of course the profiler is back with his know all theories. Clearly some medication kicking in, clearly some students must not be reading her posts from the Friday before which I must say brought a tear to my eye they were so irrational and lame.

short positions in gdx and gdxj baskets absolutely rampant this week almost straight after Mondays surge to new trading high of 1680, but certainly last night monster volume in Dust and other leveraged short ETFs cracked a nice down day but even with that enormous leveraged volume last night the price still closed above the so called double top called in JAN.

started week at 1643
finished the week at 1584
loss in value 59USD
drop for the week 3.5%
Monster volume of x3 on dust and other leveraged gold share and gold etfs mega ,all week spiking last night -



drop in equity markets approx. 12%

bond rates USA now really low, infact new record, real rate less inflation negative, but the real rate is generally for those with a solid cash balance, the general public the real rate is inflation plus transaction and withdrawal fees because they don't actually receive any interest near the official rate on their cash at bank.

Euro rates going more negative.

Helicopter money arrives Friday in Honk Kong, 10000hkk dollars to all ppl over 18 residents, nice.

RBA will they cut?, are people out buying houses and crowding into inspections
Market somewhat surprised Korea didn't cut


other funny stuff this week

Lockhart, FEd member gives a talk about virus - but he is a banker

Trump says stock market is oversold and looks good Monday, markets tank all week

The roll out buffet Monday night and get a 100 point bump in futures but that doesn't last

Trump makes task force Virus Monday which is expected to be the central spokesperson for public announcements. Previous direct health warnings and comments from Agency Officials in charge of such matters believed to have scared the market, , so central taskforce and mouthpiece established, Pence put in charge in case it goes to crap so he can blame someone else

tues- Friday, various agencies keep putting out their calls on virus - trump must be pissed now

so last night trump calls the virus a "democratic hoax" being used to hurt him and his administration

So what are the next "programs" for the USA?, will it be any different to the last decade?, with falling inflation thanks to commodities smashing and lack of demand, rate cuts, "liquidity programs" tax cuts.etc etc

is the Nikkei still going to 29K

Its been a decade of markets being built on leverage - ITs been seemingly a decade since the "it never falls" got woken up and in many cases sold up

See how it goes Monday - enjoy the lectures which I'm sure will continue all week end