I find it strange that no Lawyer Firm dives/diggs into the downgrading of the price target of CDE from $4 to $2.75 (both Underperform) by BMO Capital last week. Right at the intermediary bottom of the market. Just my opinion.
Seasonal buying or rather big players taking 3 months to enter the sector at the end of a 2 year bottoming process, while shorts are covering as a reaction. We may get a nice short term rally here and after that it is to be seen what the correction is going to be. A shallow one and further up or a last, sick-making correction. Anyway, buying here is buying at or slighly above the bottom.
Good chance we keep on running up until the end of next week. Must be ages ago that the PM market had an upday on a Monday. And what kind of upday. Inflection/acceleration.
Computer programmes running the market are what they are: artificial. Derivatives are what they are: distorting.The timeline is what it is: temporary. The people behind the computers and derivatives are what they are: winners as long as they are allowed, crooks when normal market behaviour and supervision resumes. The market goes back to the long term normal: equilibrium meeting supply and demand.
It is simple. JP Morgan has cornered all commodity and related markets and turned everything in a GD casino. CFTC bribed.
To be honest, I have no idea how this will all turn out.Who knows the Chinese will establish their own Ponzi schemes. But it cannot be worse than what is happening right now, with Western Central Banks, BIS, bullion banks and ever more criminal hedge funds running the gold market. The miners are just letting it happen, because it is too big for hem. But I am sure the status quo will break down soon.
I know that Crimex had moved to Hongkong to front run and challenge Shanghai. A least tht is what i learned last year. Like HSBC is moving to Hongkong. But I doubt they will be more than a little part of the chain as soon as Shanghai introduces a RMB gold fix.
I don't have to be shy about it. I am living in the outskirts of Geneva, Switzerland. And it is so good to see the banks in Geneva are finally throwing out useless people, who have been living on the productivity of others, while they did not produce anything but rot.
And I know the hedge funds consider me an indicator of bullish sentiment and keep on short selling.
That's why the hedge funds will go under very soon. They cannot think for themselves.
Some savy guy said:
The next crisis will be engineered.
Just like the Great flushing was an engineered event, the Great leveling and the Great Reset will be controlled demolitions.
They know what needs to happen, are putting the legal and logistical apparatus in place, and are waiting for the right moment to pull the trigger.
Too old to be a flower child. Unfortunately, my parents made me part of WW2. That's why I will battle the fascists anytime.
Technicians you call them?
There are no technicians during a war, in this case an end game financial war.
There are only loosers.
Too late, too little. The bullion banks and their hedge funds are blowing themselves up right now.
I used to tell them: no bonus in 2014, no job in 2015. They'll be coming to our doors selling snake oil again, opportunistic as ever.
The Shanghai Exchange hasn't established an international gold fix yet, as far as I know. Once it is there and connects to the ABX, i think arbitrage will be perfect and CRIMEX done. Should be both there by january 2016.