sixgun

Unfortunately, as JP Morgan are one of the owners of the Federal Reserve they are never likely to see justice served upon them. A $billion fine but no one goes to jail...well ain’t that a surprise!

A small fraction of the $billions they have made - robbing b@stards.

A small fraction of the $billions they have made - robbing b@stards.

Suggested the algo that is operating to sell down metals is JPM - and it is suspected it is JPM who has unlimited funds being made available to get physical - so as they get price falling and then take the other side of the sell order from speculators.

Maguire has been saying that the price has been driven down by a very active algo linking the S&P and GC contracts. There are a lot of buyers picking up long contracts which they will demand delivery on - a very big central bank order was apparently filled yesterday. This will come for delivery as well. The COMEX has become a physical delivery market which it has never previously been and October, normally a quiet month, is sizing up for a lot of demands for physical. Now Andrew Maguire has a tendency to get excited and over bullish but the chatter from other commentators is there is a growing number of buyers who want their metal - always a bullish situation.
 

Rigging price was just a conspiracy theory the wack jobs held...
 

https://www.holdingschannel.com/all/stocks-held-by-sprott-inc/

There are a few uranium stocks that Sprott is holding as of this June 2020.

i will be visiting uranium stocks again one day but not today - as Rick Rule says it costs $50 a pound to produce but sells at $30. The cure for low prices is low prices.

The last time the market visited this situation, many miners went out of business, exploration fell off a cliff. There wasn't enough supply, so when demand exhausted the stockpiles, price exploded up - $billions were made in 100 bagger miners.
The same applies today - the world is running on the stockpile from the last boom. Stock piles are running down. As i said in past years on this forum with reference to silver, it is not a question of IF it is simply a matter of WHEN. The lights go out with no nuclear. The silver in an iphone is pennies but it is vital to the iphone. Plenty of room for price appreciation. The cost of uranium in a nuclear power plant is pennies - plenty of room for price appreciation.
See you again in a couple of years time.

https://www.holdingschannel.com/all/stocks-held-by-sprott-inc/

There are a few uranium stocks that Sprott is holding as of this June 2020.

i will be visiting uranium stocks again one day but not today - as Rick Rule says it costs $50 a pound to produce but sells at $30. The cure for low prices is low prices.

The last time the market visited this situation, many miners went out of business, exploration fell off a cliff. There wasn't enough supply, so when demand exhausted the stockpiles, price exploded up - $billions were made in 100 bagger miners.
The same applies today - the world is running on the stockpile from the last boom. Stock piles are running down. As i said in past years on this forum with reference to silver, it is not a question of IF it is simply a matter of WHEN. The lights go out with no nuclear. The silver in an iphone is pennies but it is vital to the iphone. Plenty of room for price appreciation. The cost of uranium in a nuclear power plant is pennies - plenty of room for price appreciation.
See you again in a couple of years time.

Some 2020 forum bars

Some 2020 forum bars

Some 2020 forum bars

Some 2020 forum bars

Some 2020 forum bars

Some 2020 forum bars

Some 2020 forum bars

Some 2020 forum bars

Some 2020 forum bars

The USD value in say the dollar index is its relative value to a basket of other currencies - it is not a measure of purchasing value, just a relative value compared to the basket of currencies.
Commodities are judged by how much fiat is needed to buy a measured amount of whatever it is. 
The dollar may go up in value compared with the basket of currencies but purchasing power of the basket is racing down to zero. So despite the dollar index rising the dollar's purchasing power falls - so in a fair market, the DXY can rise but the price of gold in dollars also rise. 
We might have a disastrous economic situation with runaway inflation in all currencies - there is a flight to the dollar, the dollar soars but gold can sit go up against the dollar.  

According to Keiser Report Warren Buffett goes mega long gold! Berkshire buys nearly 21 million shares of Barrack Gold. . . get ready for gold moon on Monday morning! Stand clear the blue touch paper has been lit.    

According to Keiser Report Warren Buffett goes mega long gold! Berkshire buys nearly 21 million shares of Barrack Gold. . . get ready for gold moon on Monday morning! Stand clear the blue touch paper has been lit.    

According to Keiser Report Warren Buffett goes mega long gold! Berkshire buys nearly 21 million shares of Barrack Gold. . . get ready for gold moon on Monday morning! Stand clear the blue touch paper has been lit.    

According to Keiser Report Warren Buffett goes mega long gold! Berkshire buys nearly 21 million shares of Barrack Gold. . . get ready for gold moon on Monday morning! Stand clear the blue touch paper has been lit.    

According to Keiser Report Warren Buffett goes mega long gold! Berkshire buys nearly 21 million shares of Barrack Gold. . . get ready for gold moon on Monday morning! Stand clear the blue touch paper has been lit.    

What pandemic? The unemployment is due to economies being shut down - not a cold virus. 

Wonger is a bit busy at the moment - he gave me a message to pass on to members.