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And the USD.

With increase in bonds I checked to see if the Fed is buying to bring down inflation, what a oxymoron besides the NY Fed desk  vs QE and they stopped their QT. Yes they did and said they will pause till end of Sept I’m assuming although NY Fed will maintain the Bank reserves by roll overs.

The Federal Reserve recently engaged in Reserve Management Purchases (RMPs), buying roughly $40 billion per month in short-term U.S. Treasury bills (T-bills). The Fed initiated these purchases to accommodate growing bank reserve demands and maintain ample financial system liquidity, but announced a pause/halt to these specific T-bill purchases.

I’m hearing from Tousi and VDH that the US has near total control of Hormuz, all the Iranians can do is be a nuisance and nearly every action they take is a suicide one.

You wiped the Iranian armed forces out in days , it was an extraordinary example of how very, very good you and the Israeli’s are. All iran has left is the Army and that has no aircover….The thinking now is that the physical siege combined with the financial one being run by Bessant, will collapse the regime soon…..Having Bessant run the financial squeeze, is v smart……making life hell for people that throw gays off buildings , must be a real pleasure.

If not fake news about MTG or National security I can only wonder what they would think that would accomplish other than polluting other countries and instigating retaliation by playing dirty.

Yes, what you say is true. Although now the Rothschilds control the flow of information through Reuters, we just have no idea whether it’s accurate or false. The Iran war is a perfect example. We have no idea who actually controls the strait of Hormuz. Trump is his own news outlet. 🤣

My point was rather algorithms and trading behavior. If you watch trades go through, you can see a multitude of trading in lots of 10 shares or less. I’ve seen one share traded many times. They can flood the zone to bend direction and do it with speed. If you flood a stock with trades of 10 shares at continually lower or higher prices, you can manage direction. We see this all the time.

BTW – I don’t know if anyone saw but on my YouTube feed there was some video clickbait headline “Marjorie Taylor Greene said the National Security Team at the White House was discussing the use of tactical nukes in Iran.”

I’m not sure that would surprise me.

Back in the 70′ and 80’s if I wanted to buy a stock I had to telephone a broker, or call in to my bank. They always had the edge on me, maybe by days rather than nanoseconds as now, but everything moved slower back then. We have much, much quicker access to data now than we did fifty years ago but sure, they are still ahead of us. Actually, with online brokerage we used to be able to move markets ourselves.

Think back to the story of Nathan Rothschild moving the markets by spreading rumours about Napoleon being victorious at Waterloo, before cleaning up by buying everything at the bottom. Because he had a private hi-speed courier bring him the news, hours or even days before the official version was available.

First recorded options trade, 2,600 years ago.

https://medium.com/@robswc/the-first-yolo-trade-in-history-85251b910fee

Everything is getting quicker, but the principles remain the same.

Mr Copper reminded me in 2000 I got to know a friend of my great aunts who contacted me and  let me know someone’s preying on her at a vulnerable end times told me in a conversation her husband also a friend sold his business back when and got a cash deal on a large gated home with indoor pool and was cashing out CDs years later according to his wife all over the place in the 2000s.  I can’t blame people for being afraid but with lower debt they could of bought short term treasuries or CDs to offset inflation rather than doing nothing. .By the 80s it was too late if you didn’t already have gold phyzz and  or stocks.

I’ll bet the farm on cheap PM’s in hand .

…just run into a double bottom with silver @ 63.50 ??  looks like the sellers ran into pretty solid support 63.50 – give or take a nickle.

…i may have spoken too soon under the influence of hopium.

Yeah those too. Point is, it would seem unrealistic to expect to see those high rates again with out seeing the death trows of the dollar and default which would be pretty unsettling to see with no where to go except gold  as that would likely affect the stock market too. Even now gold is seeing less and less competition by elimination and ironically the ones doing it are golds adversary’s.

The vast majority were scared to death that rates would go even higher and that inflation would keep going higher…….only later, much later did people wish they had booked high rates…..but rates had climbed from @ 4 %..so they were right not to book 8, 9, 12 , 14 etc……of course a lucky few did have rollovers that coincided, and they never had to worry again for 30 years !!!!!

I think most people were buying maybe 1 to 5 CDs, not knowing or thinking about bonds. I know of a builder that sold his silver and bought a house next door to me for $30,000 and made four apartments in it. Plus he put another 6 or eight unit apartment building in back of the house.

That seems to be the only thing they have left, the market. Would they even buy bonds uninsured that high these days with the level of debt without out fear of default? Then there’s even the stragic move of bringing money home through war and getting it out of banks and counties affected while printing dollars for war and buying or selling war machines and censoring on the excuse of security, ” How’s that working for Spain”, and who knows the extent of tax dependent jobs just in different forms. Migrants could be a big diversion.

It’s technology. They now have the ability to move all markets any way they want. This SM bull has been on autopilot since the 2008-09′ bottom, with the exception of the brief covid correction. The oil market is completely managed despite the wars.

The only question is when they will unplug the computer.

I bet people with a lot of cash on hand made some money those years. They probably sold their gold and silver for bonds, the market, then real estate, where some said they couldn’t give their house away.

I remember the prime rate was 21%, I also remember James Dines saying, “For you conservative investors, I am recommending 30 year US Bonds paying 16% for 30 years with no call back provision.

We have never seen anything like this in our entire lives. I also remember June 1982 Dines telling everybody to sell all inflation related assets and to get into Dow at 796. After 14 years of staying under Dow 1000.

Yes rates were massively high in early 1980s actually the one year was higher up to 17 percent according to different data high 16s to 17, who 10 and 30 were lower in the 15s percent but they had lower debt back then. Miniscule compared to now keeping rates lower. If they went that way now there would be definite fears of default unless backed by something but what?. Illegal Muslim hostages? It won’t help the housing market either with crime around.  If  gold we don’t even have a audit. So that could keep rates low giving the illusion they’re low or basically due to debt irrelevant.

They may recognize debt but they don’t do anything about it, they just add to it and using it to create jobs just in a different way, manufacturing weapons. It’s all a scam here or there.

“rates” Yes that’s right. Let’s see them with the 10 year at 14% like then. It just can’t happen so they’ll be forced to open the money-fiat spigot.

Rates didn’t stop the 70’s/80’s move, until they were massively Hi…..plus the higher rates go, the greater the poss of default/bankruptcy , which has to be bullish PM’s .

But it will deter some….then they have to buy later !!!!

Maddog – good call. Boy did I miss.😳

deer79 – yeah, I think you’re right, and then maybe you have to wonder what the world will look like when we get there.

I still cannot make any sense of the Dec. call buyer out at 15-20k.

will never ever stop. Or, I should say, the machines will never ever stop. Like the Terminator, they will keep trying to hold the metals back, because it hides the truth, and legitimizes the existing ponzi scheme….

IMHO, it will take some sort of exogenous event, to finally break the algorithm…

Those rising rates are gonna put the kibosh on the party!

Re Bonds…..u can say the same about all the Euro bonds….UK, Germany, France all breaking out to upside ……

The Kobeissi Letter
@KobeissiLetter
·
Aug 16
Key Events This Week:

1. July Housing Starts data – Tuesday

2. July Pending Home Sales data – Tuesday

3. Fed Meeting Minutes – Wednesday

4. August Philly Fed Manufacturing Index – Thursday

5. August S&P Global Services PMI data – Friday

6. August S&P Global Manufacturing PMI data – Friday

The S&P 500 is now up +13.5% year-to-date.