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Averaje Joe Anyone seen Dr Lacy Hunt latest interview? I went through it twice but still plenty to discover from a credit market persoective
Fudley61 Seems we are back on a bit of a roll. Read anything into silver outperforming?
Fudley61 There is a lot of stuff going on all over the world to keep one busy. But getting past the lies, s**t men, we are looking at the apocalypse
Fudley61 Our Government lying all it can to support Aussie Dollar. Truth comes out, that looks like a 40 cent coin
Fudley61 Meanwhile, core sales, which strips out vehicle sales fell 17.2% last month, following March’s decline of 4.5%. Economists were expecting to see an 8.6% drop.
Fudley61 U.S. retail sales fell only 16.4% in April following March’s revised decline of 8.3%, according to the latest data from the U.S. Commerce Department, released Friday; the data missed expectations as economists were forecasting an drop of 12%. According to reports, this is the biggest drop in retail sales since the data has been collected. Last month was the previous record.
Fudley61 Kitco News) - Gold prices extended their gains after the general business conditions index in the Empire State manufacturing was a negative 48.5 reading in May after minus 78.2 in April. Spot gold was last up $11.90 to $1,742.60 an ounce. Going into the report, consensus expectations compiled by various news organizations had been for a reading of minus 60 to minus 63.50. The report came out at the same time as another showing a sharp decline in April retail sales. Readings below 50 in such diffusion indices as the Empire State survey reflect economic contraction, while those above reflect expansion. The April reading of negative 78.2 was the lowest in the history of the survey.
Company News & Announcements Great moves for gold and silver overnight. The "official" bull is finally taking off.
Fudley61 Hope they can hang on...
Fudley61 The HC Trolls made some ridiculous claims today...
Company News & Announcements What, gold going to $800?
Company News & Announcements Heard that one before
Fudley61 Lol! We heard it ALL before
mikeyjon hi fudders , silver and platinum look like playing catch up
Fudley61 How can anyone criticise Lynette Zang because “She sells gold Einstein”. Then post “Land prices are going up”, because “my neighbour was talking to the Developer and he said prices are rising”. Lol
Fudley61 G’day Mikey. Yep some positive stuff happening
mikeyjon have been picking up bits and pieces of silver where i can on the dips ,looking good now
Fudley61 Yeah. You would be. I was already set, so I got a bit of work to do. Although my Super is at ATH with both. A$ little bit of strength, mainly thanks to Government hiding the real Unemployment with JobKeeper?
Fudley61 Yep. In A$ my silver break-even is at $24.56 overall
mikeyjon got some platinum at the lows and is starting to look good now
Fudley61 Good on you man. I didnt buy any when you were telling me to. I nearly did, but all I knew about it was what you told me, and I would have needed to sell some gold or silver to buy.
Fudley61 I still think gold is in short supply so I’m holding. Too obstinate!
Fudley61 Site seems to be not working properly today....
Fudley61 CNN Business Headline. “Dividends have disappeared for 2020”. Dow Futures UP 370. Go figure
Fudley61 I wonder, if our Politicians were exempted from Negative Gearing, would Parliament be considering a $50,000.00 “bonus” for new house builds?
Fudley61 This is crazy thinking, surely. A few years ago I was working as Salesman for a Housing Construction Company. The Government announced a new “First Home Owners Scheme”. With half an hour, our prices rose the identical amount.
Fudley61 You gotta be kidding me. The price of gold back to where it closed Friday afternoon. Did ALL the traders not see what happened over the weekend? It’s not manipulation, it is 100% bullshit. And DOW futures UP. Give me a break
Fudley61 The stupidity in the world is doing my head in. There is this belief the Authorities can get away with saying anything. Markets run by algorithms- so create the right headline and get the result you want
Fudley61 If I could step out, I would. Time to say goodbye until November 10th
Fudley61 Price of a Precious Metal can drop $50/ oz, Not 1 actual oz was sold. I hope everyone realises this. Not 1 oz was actually sold to create this. HOLD YOUR GOLD
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