|On the ground in Jordan|
Next.....the market.....gold and silver managed a meager up move today as the sector works off it overbot indicators......I like the action......keep coiling that spring boyz. The overall equity market is still selling off with Ben's QE to infinity hanging over it. Just remember the election is coming up AND Ben's reputation rides "somewhat" with O.......AND everyone is saying we are getting a further big market selloff right here and right NOW in River City. EVERYBODY is bearish now on the overall market.
Am I the only person that is absolutely laughing hysterically at how pathetic CNBS is now. Joe Kiernan has to be the most overpaid schmuck on the financial news pumptard circus. I won't pick on Kiernan only since he is surrounded by a number of sycophants for the bankers that have created the most confusing banker propaganda machine in the world. Bloomberg is starting to eat their lunch and CNBS used to dwarf Bloomberg for info AND entertainment......not anymore....once CONfidence is lost your reputation goes with it and is VERY difficult to regain.......particularly when your job remains propaganda.
Hold your positions at this level and take a little profit on big pumps like PPP and AUQ. There will be many of these to come. The sentiment for this sector has changed so don't be deluded by the current beatdown. If they form a beautiful handle on Gold we could even get Gold below 1700. It won't last long this time....gl