Long Position on Silver and Gold?

[roberth]

I just noticed that both WTI and Brent are almost up to $50 a barrel.

[roberth]

WTI and Brent haven't been able to hold the $50 handle for too long, kinda like the DOW can't hold the 18K handle for a sustained period of time.

Gold and silver each had a 2.5% jump last Friday after the very dismal US jobs report came out, apparently the administration just cannot maintain the lie that the economy is doing great when it so obviously is not. That's not to say some individual economies are doing poorly, some individuals are doing fine but the country overall isn't doing well.

[Aloha_Shooter]

The Dow shouldn't be anywhere near $18K. Based on the way Obama has fscked the economy, it shouldn't be at $12K. Wall Street has been way overvalued for years.

[Great-Kazoo]

The Dow shouldn't be anywhere near $18K. Based on the way Obama has fscked the economy, it shouldn't be at $12K. Wall Street has been way overvalued for years.

Same people reporting the economy, also reported Clinton has the nomination wrapped up. Prior to CA going to the polls. Like they did in Bush v Gore calling the FL election before it's time. Says (to me) the fix has been in for some time.

[HoneyBadger]

I'm just waiting for it to meet a correction so I can jump in on XIV again...

[roberth]

WTI and Brent are both over the $50 handle this morning.

The Dow shouldn't be anywhere near $18K. Based on the way Obama has fscked the economy, it shouldn't be at $12K. Wall Street has been way overvalued for years.

It wouldn't be if TARP and QE hadn't occurred, if it wasn't for that artificial money pumping it might not even be over 10K even now.

Since we're on the topic, what do banking and insurance have to do with industrials? The DOW we're talking about is the DOW 30 Industrials which used to include companies that made durable goods like US Steel.

[roberth]

Oil hit $50 and is going higher, anyone notice any increased activity in the Weld County oil patch.

Gold and silver jumped up too.

[roberth]

Well, oil did just get to $50, maybe it takes a little while to ramp up production or maybe there is still an over-supply and they're waiting for that to dissipate.

[roberth]

Some light reading.

Stock up on baked beans and lemonade, bitchez.

http://bastionofliberty.blogspot.com...th-o-tron.html

[Great-Kazoo]

Oil hit $50 and is going higher, anyone notice any increased activity in the Weld County oil patch.

Gold and silver jumped up too.

Nothing that makes a difference on the real end. Orders from O&G companies to the manufacturers of separators, flares and combustors. Those orders have remained stagnant for the last 2 quarters