1. Pretty quiet Monday for reports. Japan announces ready to do more to buy inflation as their numbers came in disappointing once again.
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  2. Good Monday Morning as we pass thru August this week. Gold is down 3.85 to 1322 while Silver is down 11 to 18.54. Oil is down 73 to 46.91. The USD is +6 to 95.61.
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  3. Week of 8/27/16 Closing prices & Chg Over Last Wk---- Gold $1322.60 DOWN 19.60-- Silver $18.65 DOWN 66-- Oil $47.64 DOWN 1.47--- USD $95.54 up 106 tics-- Based on near term futures contract--- At JMB Current price AGE $1392.14(1), SAE $21.84 (20)
  4. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

R.T.M. <chow> : Apr 15th-19th > Vol 2-16th ed. ~ The great GOLD correction of '13

Discussion in 'Coffee Shack (Daily News/Energy/Economy)' started by Argent Dragon, Apr 15, 2013.



  1. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    [​IMG]
     
  2. Zilver

    Zilver Gold Member Gold Chaser

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    Re: R.T.M. <chow> : Apr 15th-19th > Vol 2-??th ed. ~ Gold just fell off the cliff !!!

    Gold & Silver Sell-Off a Non Event :boring:says Chairman and founder of Sprott


    Apr 14, 2013

    Rick Rule, Chairman and founder of Sprott USA, says Cyprus is a stunning example of why people should store some wealth in precious metals. Rule contends, "If you were a Cypriot citizen and you had stored your wealth in gold and silver as opposed to having your money on deposit in a Cypriot bank, the Cypriot banking crisis, for you, would be interesting but not relevant." If there is war in Korea, Rule predicts, "If a nuke goes off on the Korean Peninsula, the first move in precious metals would be down. . . . The second move would be higher. I also believe precious metals would hold their value over time UNLIKE most other asset classes." Join Greg Hunter as he goes One-on-One with precious metals expert Rick Rule.

     
    Last edited by a moderator: Dec 26, 2015
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  3. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    Re: R.T.M. <chow> : Apr 15th-19th > Vol 2-16th ed. ~ Gold just fell off the cliff !!!

    [​IMG]
    A Chinese sales assistant arranges gold bars at a gold jewelry shop in Hefei, in east China's Anhui province. (STR/AFP/Getty Images)

    [h=1]UBS Analyst: Fed Might Have Sparked 'Panic Selling' in Gold [/h]
    Gold's hefty losses picked up pace, dropping to its lowest since March 2011, and investors slashed exposure to commodities for a second day after underwhelming Chinese data signaled a setback for the global economy. "What we now see is panic selling, perhaps triggered by the Fed's stimulus view. The Fed has given the signal that there's a possibility to reduce QE, and that took a lot of trust out of gold," said Dominic Schnider, an analyst at UBS Wealth Management. [Full Story]

    Related Stories




     
  4. southfork

    southfork Mother Lode Found Mother Lode

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    Re: R.T.M. <chow> : Apr 15th-19th > Vol 2-16th ed. ~ Gold just fell off the cliff !!!

    Gold didnt fall off the cliff, it was thrown off the cliff by the Fed and the Banker Whores.
     
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  5. Meetzos

    Meetzos Gold Member Gold Chaser

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    Re: R.T.M. <chow> : Apr 15th-19th > Vol 2-16th ed. ~ Gold just fell off the cliff !!!

    http://www.dailyjobcuts.com/

    Layoffs
    April 14 , 2013


    The San Antonio Housing Authority - 16

    Bay Shore SD NY - 40 Layoff Notices



    April 15 , 2013


    Blue Grass Army Depot - 182 Likely

    Industries of the Blind - 40, Some to be Rehired

    Ticonderoga Central SD NY - 11 Layoffs Poss.

    Edison State College - 8

    Army Fleet Support Fort Rucker - 50



    Closing
    April 14 , 2013



    Christ the King School in Waldo MO

    Lisa's Country Corner / Cathleen's Daughter in Lexington's Old Mill SC

    SRNTY Jewlery, 228 S. Third St Geneva IL

    Carvel Hardware, 4420 U.S. Hwy. 11 in DeKalb Junction NY?



    April 15 , 2013


    Crownover Jewelry Warsaw Indiana

    Seidenburg Luggage in PA

    Wyatt Chevrolet auto dealerships in Halifax County

    Freedom House in the City of Richmond VA

    Update: Bleecker Bob’s Golden Oldies record store NY
     
    Last edited: Apr 16, 2013
  6. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    Re: R.T.M. <chow> : Apr 15th-19th > Vol 2-16th ed. ~ Gold just fell off the cliff !!!

    [TABLE="width: 100%"]
    [TR="class: BgIndexOne"]
    [TD="bgcolor: #FFFFFF"][/TD]
    [TD="bgcolor: #FFFFFF"] DJIA
    [/TD]
    [TD="bgcolor: #FFFFFF, align: right"] 14,672.68
    [/TD]
    [TD="bgcolor: #FFFFFF, align: right"]+73.48[/TD]
    [/TR]
    [TR]
    [TD="bgcolor: #F3F3E4"][​IMG][/TD]
    [TD="bgcolor: #F3F3E4"] NASDAQ
    [/TD]
    [TD="bgcolor: #F3F3E4, align: right"] 3,234.41
    [/TD]
    [TD="bgcolor: #F3F3E4, align: right"]+17.92[/TD]
    [/TR]
    [TR]
    [TD="bgcolor: #F3F3E4"][​IMG][/TD]
    [TD="bgcolor: #F3F3E4"] TSX Gold
    [/TD]
    [TD="bgcolor: #F3F3E4, align: right"] 196.61
    [/TD]
    [TD="bgcolor: #F3F3E4, align: right"]+2.39[/TD]
    [/TR]
    [TR]
    [TD="bgcolor: #FFFFFF"][​IMG][/TD]
    [TD="bgcolor: #FFFFFF"] RUSSELL
    [/TD]
    [TD="bgcolor: #FFFFFF, align: right"] 915.07
    [/TD]
    [TD="bgcolor: #FFFFFF, align: right"]+7.89[/TD]
    [/TR]
    [TR]
    [TD="bgcolor: #F3F3E4"][​IMG][/TD]
    [TD="bgcolor: #F3F3E4"] GOX
    [/TD]
    [TD="bgcolor: #F3F3E4, align: right"] 119.80
    [/TD]
    [TD="bgcolor: #F3F3E4, align: right"]+1.73[/TD]
    [/TR]
    [TR]
    [TD="bgcolor: #FFFFFF"][​IMG][/TD]
    [TD="bgcolor: #FFFFFF"] NYSE
    [/TD]
    [TD="bgcolor: #FFFFFF, align: right"] 9,032.72
    [/TD]
    [TD="bgcolor: #FFFFFF, align: right"]+78.77[/TD]
    [/TR]
    [TR]
    [TD="bgcolor: #F3F3E4"][​IMG][/TD]
    [TD="bgcolor: #F3F3E4"] TSX
    [/TD]
    [TD="bgcolor: #F3F3E4, align: right"] 12,067.09
    [/TD]
    [TD="bgcolor: #F3F3E4, align: right"]+62.21[/TD]
    [/TR]
    [TR="bgcolor: #FFFFFF"]
    [TD][​IMG][/TD]
    [TD] USD
    [/TD]
    [TD="align: right"] 82.09
    [/TD]
    [TD="align: right"]-0.23[/TD]
    [/TR]
    [TR="bgcolor: #F3F3E4"]
    [TD][​IMG][/TD]
    [TD] HUI
    [/TD]
    [TD="align: right"] 277.25
    [/TD]
    [TD="bgcolor: #F3F3E4, align: right"]+4.32[/TD]
    [/TR]
    [TR="bgcolor: #FFFFFF"]
    [TD][​IMG][/TD]
    [TD] NIKKEI
    [/TD]
    [TD="bgcolor: #FFFFFF, align: right"] 13,221.44
    [/TD]
    [TD="align: right"]-54.22[/TD]
    [/TR]
    [TR="bgcolor: #F3F3E4"]
    [TD][​IMG][/TD]
    [TD] JSE
    [/TD]
    [TD="align: right"] 1,514.11
    [/TD]
    [TD="align: right"]+1.33[/TD]
    [/TR]
    [TR="bgcolor: #FFFFFF"]
    [TD][​IMG][/TD]
    [TD] Crude Oil[/TD]
    [TD="align: right"]87.87[/TD]
    [TD="align: right"]-0.84[/TD]
    [/TR]
    [/TABLE]
     
  7. Meetzos

    Meetzos Gold Member Gold Chaser

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    Re: R.T.M. <chow> : Apr 15th-19th > Vol 2-16th ed. ~ Gold just fell off the cliff !!!

    http://www.dailyjobcuts.com/

    Layoffs
    April 16 , 2013



    Creative Memories - HQ Layoffs / Chapter11?

    Detroit Medical Center - 300

    Grand Blanc school MI - About 42

    Linn County Iowa - 22

    Delaware Hospice - 52

    MV Transportation - 188

    Indianapolis Public Schools - 59 Possible Layoffs

    AbbVie Inc. - 100+ Sales Force

    Coast College District - Considers Layoffs

    Sargento Foods Bellingham - 34 Layoffs in May


    Bankruptcy
    April 16 , 2013


    D&L Energy



    Closing
    April 16 , 2013


    Update: The Churchton Bank of America Location MD

    Davidson’s Garden Store at 1555 12th St. SE, Ste. 110 in Salem Oregon

    Einstein Bros. Bagels Closing Three Portland Locations
     
    Last edited: Apr 17, 2013
  8. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    Re: R.T.M. <chow> : Apr 15th-19th > Vol 2-16th ed. ~ Gold just fell off the cliff !!!

    [h=1]Gold Decline Sparked by European Sale Concern, Goldman Sachs Says[/h]
    The selloff in gold that cut futures 13 percent over two days was sparked by investor concern that European governments may have to follow Cyprus in selling part of their holdings, according to Goldman Sachs Group Inc. [Full Story]

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  9. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    [h=1]Bullard: Linking Fed Policy to Jobs Rate Is Counterproductive [/h]
    James Bullard, president of the Federal Reserve Bank of St. Louis, said monetary policy should be guided by the central bank’s price-stability goal even with historically high unemployment. “The idea that the Fed should ‘put more weight’ on unemployment does not fare well,” Bullard said in a speech in New York. “Such an approach may be highly counterproductive.” [Full Story]

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  10. Meetzos

    Meetzos Gold Member Gold Chaser

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    Layoffs
    April 17 , 2013



    Revel - 83 Casino Workers

    Update: Creative Memories - 70 from HQ

    PartnerRe Ltd - 140

    Pierce Manufacturing - 33

    Concurrent Technologies Corp. - 19

    Saputo Cheese plants - 22 in New London

    Cameco Fuel ( International ) - 17

    Lorain County Head Start - 4

    EA Mobile India, Playfish - Reports of Layoffs

    Reading Hospital Parent Firm - 210

    General Brown Central SD NY - 21 Poss.

    Mat-Su Borough School District AK - Layoffs Poss.

    Lee County School district FL - 100?

    Boeing - 250 to 300 California Satellite Business




    Closing
    April 17 , 2013



    Pratt & Whitney is closing its Port San Antonio maintenance plant - 125 Job Lost

    Tom Thumb is closing its Skillman and Abrams store in Lake Highlands Texas?

    Ponticello's at 12260 Bellefontaine Road St Louis MO

    Mile Square Transportation Inc., at 5 John Walsh Boulevard in Peekskill NY - 102 Layoffs

    The Sea Grass Bistro in Yarmouth

    The Flow Skatepark Columbus Ohio

    Tesco Abandoning all of its Nearly 200 US Stores ( Fresh & Easy) - Closing / Selling, Waiting on Details

    Whole Pet Shop at Renton's 4th Steeet Plaza WA

    Zuni Grill, 223 Losoya St in San Antonio Texas

    Indigo Casual Gourmet Cafe in Fort Mitchell KY

    Kirkland’s Inc is closing its White Marsh Mall location on April 29

    TNT Express NV will close its Brazilian and Chinese operations ( International )

    U.S. Cellular is closing its downtown Evanston store at 1737 Sherman Ave IL
     
    Last edited: Apr 18, 2013
  11. Meetzos

    Meetzos Gold Member Gold Chaser

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    We get anymore recovery like this and there won't be anyone working minimum wage jobs.



    http://www.abc15.com/dpp/news/regio..._phoenix/future-of-fresh--easy-stores-unknown


    Company plans to sell Fresh & Easy stores; future unknown

    Posted: 6:28 AM
    Last Updated: 5 hours and 32 minutes ago

    By: Courtney Carlmark



    PHOENIX - A company that runs Fresh & Easy stores says it's pulling out of the United States because the stores aren't making any money.

    The announcement came overnight from Fresh & Easy's parent company, British "Tesco".

    But the 24 stores in the Valley will remain open for now, according to a Fresh & Easy spokeswoman.

    Officials say after a five-year run in the states, Tesco's abandoning all of its nearly 200 U.S. stores.

    The company plans to sell the Fresh & Easy stores and there are already many offers, the spokeswoman said.

    The company reported a nearly $2 billion profit loss.

    Fresh & Easy reportedly employs 5,000 workers in Arizona, California and Nevada.
     
  12. Meetzos

    Meetzos Gold Member Gold Chaser

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    Layoffs
    April 18 , 2013



    IBM - Layoffs Planned, More Details Soon

    Philadelphia Schools District - Layoffs Coming?

    Boeing - up to 1,700 Engineering Jobs This Year

    Memorial Medical Center in Modesto - 39

    The Telegraph in Nashua - 20+

    Horizon Health Network ( International ) - 131

    British insurer Aviva - up to 2,000

    Cessna Aircraft - Layoffs Possible




    Closing
    April 18 , 2013




    KeyCorp - Will Likely Close 30+ Branches This Quarter which = Layoffs

    Rough & Ready Lumber Co. of Cave Junction OR

    Cafe Cimmento Youngstown Ohio

    7-Eleven Closing its 3 Stores Near Ohio State Campus

    Why Not Costumes in Downtown Wyandotte MI

    QuikTrip to Close Mini Store in the Sprint Center

    Newsland store in Westminster in CO

    2 Bay Area Family Fitness Located at 5278 Moorpark Avenue / 1035 E. Capitol Expressway in San Jose CA
     
    Last edited: Apr 19, 2013
  13. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    [h=1]Moody's: 'Evidence Mounting' That Economy Lost Momentum [/h]
    The number of Americans filing new claims for unemployment benefits rose last week and factory activity in the nation's Mid-Atlantic region cooled in April, further signs of a moderation in economic growth. "The evidence is mounting that the economy lost momentum in March and that has carried to April," said Ryan Sweet, a senior economist at Moody's Analytics. "Growth is slowing down as the tax increases and sequester take effect." [Full Story]

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  14. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    *Comments like these makes you wonder about the caliber of the people who work at the FED.....

    Fed's Lacker: If I Were 'Dictator,' QE Would End


    Federal Reserve Bank of Richmond President Jeffrey Lacker said he favors slowing bond buying now to ensure record growth in the central bank s balance sheet doesn t impede the eventual withdrawal of record accommodation. I m in the camp we have to taper and stop right now...... [Full Story]



     
  15. Meetzos

    Meetzos Gold Member Gold Chaser

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    Lost Momentum? If it was any slower we would be going backwards.
     
  16. Gcubed

    Gcubed Banned

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    If you consider the pertinent data, we are.
     
  17. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    [h=1]Greenspan: US 'Going Nowhere' Until Budget Deal Cuts Debt[/h]
    The economy "is going nowhere" until a budget agreement is reached that includes debt reduction to revive sustainable growth, former Federal Reserve Chairman Alan Greenspan said. "Unless we remove some of the deep-seated uncertainty, especially for investments in very long-lived assets," growth will remain under 2 percent, Greenspan told Bloomberg Television. [Full Story]

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  18. Meetzos

    Meetzos Gold Member Gold Chaser

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    Bank Failures
    4/19/2013



    Chipola Community Bank, Marianna, FL

    Heritage Bank of North Florida, Orange Park, FL

    First Federal Bank, Lexington, KY


    Layoffs
    April 19 , 2013


    GECOM - 85

    KCET – 22

    Tenn. Career Center Offices - Layoffs Poss.

    Volkswagen in Chattanooga - 500?

    L3 Communication Systems - 180

    Lucasfilm - 20+ Layoffs Reported



    Closing
    April 19 , 2013



    Turf Products Inc. is closing its facility in Streetsboro Ohio - 267+ Layoffs

    Crazy Woman Trading Company Crazy Woman Trading Company ESCO Technologies Inc Closing Ohio / Germany Plants

    Faux Pas at the Pleasant Ridge Town Center Little Rock AR

    Wonderland Books in Putnam Conn.

    Bayside Furniture & Appliances in Diberville MS?

    Smith’s Gardentown Farms Wichita Texas - Hopes to Reopen

    Albuquerque Public Schools NM Considers Closing Some Schools
     
    Last edited: Apr 19, 2013

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