Loading ...They’ll keep those gains below 2%, probably 1. Silver might get us 2%. Both below plat and pall no doubt.
There’s just not enough buyers to withstand the never ending onslaught.
A lot of money at stake
Ukrainian millionaire targeted in bomb plot ‘was planning to expose Kiev corruption’ – former French spy
https://www.rt.com/news/642470-ukrainian-oligarch-blast-corruption/
Helping gold I think
The Kobeissi Letter
@KobeissiLetter
·
28m
BREAKING: The US economy adds 57,000 jobs in June, well below expectations of 114,000.
The unemployment rate fell to 4.2%, below expectations of 4.3%.
May’s jobs number was also revised down by -43,000 jobs.
The labor market remains in a volatile situation.
Nice squeeze
Let’s see if we can hold it all day.
who/what goosed silver?
sudden spike to $61.65
…weak jobs number?
Only
57,000 new jobs added. Interest rate cuts are back on the table!! I’m happy to be wrong!
Ferret
Tks for that…..this is the new UK….as soon as it goes above 25 degrees there will be a hosepipe ban….we have one starting any minute !!!!!
Looks like speculators are dipping their toes in the water before jobs report.weaker report could actually boost chances of a Federal Reserve interest rate cut. )
Economists are forecasting a cooling labor market, with expectations that the U.S. economy added 115,000 jobs in June and that the unemployment rate remained at 4.3%. A result in line with these projections is generally viewed as “good” for maintaining economic balance, though a
(weaker report could actually boost chances of a Federal Reserve interest rate cut. )
The Bureau of Labor Statistics (BLS) will release the June jobs report at 8:30 a.m. ET. Expectations for the data are mixed based on early indicators: [1]
- Slowing Hiring: The expected gain of 115,000 jobs is down from the 172,000 additions recorded in May. [1]
- Mixed Indicators: While job openings in May showed resilience and layoffs have trended lower, private employer hiring from the ADP report has missed expectations. [1]
- Market Sentiment: For investors, a softer labor report could be seen as “good” because it might encourage the Federal Reserve to cut interest rates, which recently pushed stock futures higher on expectations.
ferrett,
evaporative cooling (swamp coolers) works well in areas with low relative humidity. in humid areas (southeast u.s, florida), not so much.
Gold Train
Inspection before the merger
https://www.railpictures.net/photo/905007/
This theatre inspection car was named ‘FOX RIVER’ in Wisconsin and built by the Chicago & NorthWestern when the RR was selling itself to the Union Pacific. UP absorbed the car with the RR and painted it in UP colors.
Maddog; all air conditioning works by evaporation.
So turn your house into an airconditioner. Spray water on the roof and sunniest walls. It doesn’t need much, you aren’t trying to cool the house with cold water, but by evaporation of the water, so ideally you don’t want any run-off. Absorbent tiles like terracotta are best because they will hold water for a while, although it works fine on painted concrete tiles too. If the gutters are easily accessible draping silver tarpaulins from them for shade makes a huge difference too. Just be ready to take them down quickly if a summer storm build up.
If you put in ducted aircon upstairs, the evaporator is in the roof and you can let the cold air percolate down from the bedrooms and stairwell, with the condensor situated almost anywhere outside connected by piping identical to a rainwater downpipe.
Just can’t have
too much excitement in the PM’s, the day before a jobs# comes out…….My guess is that the scum hit the metals in the morning, but hopefully we can get rolling higher after the # comes out…
goldielocks
When the Sun ends….Musk will have us in another galaxy, tks to Starlink !!!!!
Maddog
You don’t have to get central air, they have portable systems of different kinds including solar that can be set to automatically turn on at a certain temp.
Yes I read things about different sleeping hours but in extreme heat it’s not going to make much difference. In the US I never looked into sleeping hours but do know it used to be heavy in agricultural so plowing fields and tending to livestock amongst making or trading their own things or amongst each other was done during the day on natures clock so to speak. When industrial slavery came around in inner cities they just kept those hours.
In a billion years as sun starts to turn into a red giant it will get to about 150F at first and so for life forms to add more years on earth they would probably have to live underground and find underground water sources. Those will be end times before the sun absorbs earth.
Still not strong enough
to sustain a rally all day.👎
goldielocks
Re Aircon
It’s also the past…..in times before aircon in the South of Europe, afternoons were for sleeping, you went back to work in the evening and had dinner at 10 or 11 pm, or later…..Spain was famous for its afternoon siesta and then late dining…it was you Yanks, who said you have to work all day !!!!!
Also many of our houses were built long before Aircon existed and if you installed it, it would be a huge undertaking….most of my walls are 3 ft thick and solid stone……where would the ducting go, it would have to be on the outside and thus very intrusive…..all for a few days a year !
This year is a major El Nino, which is causing the heat.
Buygold
I agree … it’s disgusting greed!
Maddog
That’s a oxymoron, claiming they can control the temperature of the world to save their lives when they can’t control the temperature of their own city because the way it’s built only focusing on carbon and ban air-conditioning that would save lives especially in a city built to retain heat and not do anything about it or find other cooling measures like Ferrett mentioned.
Reasons for this heat wave besides a heat dome hovering over them.
- North African Air Currents: This trapped high-pressure system is drawing incredibly hot, dry air directly northward from the Sahara and Iberian Peninsula, pumping continuous waves of heat into France.
- Urban Heat Island Effect: Paris is highly dense, constructed from concrete, stone, and asphalt that trap and radiate heat rather than absorbing it. Furthermore, nearly 70% of Parisian buildings feature iconic zinc roofs that act like giant radiators under the baking sun.
- They better do something.
- Climate Change: Europe is warming twice as fast as the global average. Human-driven global warming has drastically increased the frequency and severity of these early-summer heat waves.
Hoping we’ve found the bottom
Of a long correction in a bull market. Everything has held where its had too so far. Impossible to make a bet on it because the manipulation is endless, but it looks solid today at least, and with the SM down.
Oh crap, sorry for the hopium. This is a jobs report week. They are just sucking us in.
Ipso – we discussed that earlier, but good to see where the cash flow came from. Not a good look for the POTUS, and a complete lack of character and integrity for the leader of the American people. All of them are a disgrace.
Getting Richer
MeidasTouch
@MeidasTouch
·
12h
🚨 TRUMP’S FINANCIAL DISCLOSURE JUST DROPPED…AND IT’S WORSE THAN YOU THOUGHT.
The U.S. Office of Government Ethics released Donald Trump’s 927-page financial disclosure today. Here’s what a sitting U.S. President made in 2025:
💰 $635 MILLION from the TRUMP memecoin, while retail investors watched it crash from $74 to $1.68
💰 $594 MILLION from World Liberty Financial token and stablecoin sales, a crypto venture co-founded with his own sons
💰 $65 MILLION from selling equity in that same company
💰 $80+ MILLION in media settlements from ABC, CBS, Meta, and YouTube, paid to his own presidential library
Total crypto haul: over $1.4 BILLION. In one year. While serving as President of the United States.
His net worth has nearly TRIPLED, from $2.4 billion to $6.3 billion, since taking office.
And while Trump pocketed $1.4 billion from crypto, the everyday Americans who bought his memecoin? They lost. 764,000 wallets ended up in the red.
This is the most corrupt presidency in American history. Period.
Michael A. Arouet
@MichaelAArouet
This is mind-blowing. We’ve known the US is leaving Europe behind, but the magnitude is unreal.
Europe chose regulations, overtaxation, and left redistribution, while the US chose free market, entrepreneurialism, innovation and progress.
With AI the gap will keep growing.
Don Durrett
Don Durrett – goldstockdata.com
@DonDurrett
Gold futures (paper) traders in New York tend to control the price. China has decided to limit paper trading.
Hmm. Why would they do that? Hint: they want physical gold supply/demand to set the price. 😉