When the current financial system after all the outsourcing of our industrials have to rely on war, selling weapons, and our resources by buying treasuries to keep the dollar up it’s only a matter of time. Doesn’t hold much hope of ending wars no matter who’s President other than casualties the demos have caused.

Yes, it counts! 🙂

There must be some sort of peace deal in the works. Oil down another 5%, rates down 5 bips and the dollar down.

If there was ever a case to be made for manipulation, it would be today’s action.

We’ve come back a little, but we should be soaring.

Looks like US stocks are in the “know” and are already reacting to a no-increase in rates decision.

But of course, Gold and Silver are not allowed to play in that sandbox…..

Yes even if they don’t hike, the downward pressure will still be there ” fear’  because they will expect it to at some point. It’s a psych ops.

….is out the window today. Up 1%, down 1%!!!

Makes a lot of sense to me……..

On a different note, last week 2 of the biggest banks in China restricted some transactions in Gold. I’ve been thinking about that and firmly believe that China is playing the long game.

A financial war pitting Asian countries that firmly believe that physical Gold is the way of the future vs. the West that continues to play the ponzi, debt based games that continue to snowball down the hill. Even Warren Buffet hinted at the fact that our financial system is at great risk. Eighteen years ago in his annual letter, he stated, “Derivatives are dangerous. They have dramatically increased the leverage and risks in our financial system.”

The hubris of those pulling the financial strings in our country, knows no bounds.

Ha-ha, Buygold your post reminded me of an expression that I heard many years ago regarding financial market sentiment.

It goes something like this: “for a BEAR market to change into a BULL market, it is necessary that the last remaining Bull to throw in the towel and give up”.

When one thinks about it, it makes sense – when the LAST true believer gives up – the only direction it can go is up.

I doubt there are many more “true believers” anywhere than there are on this forum.  This “correction” from January’s high has taken a brutal a psychological toll.

Speaking for myself, I have given up trying to trade or impose any sort of my logic to this PM market – I will stick with what I have and ride it out to the end.

I hope that counts as “giving up” and the bottom has been confirmed😊

deer79 – yeah, it doesn’t really matter when, they’re going to slam us at some point over the couple day span. That’s the thing about pm’s, you always know a slam is coming, just don’t always know when. It’s amazing that we went from a raging bull market to an exhausting bear market overnight.

Goldie – I think what deer79 says makes some sense. They’ll please the markets and not hike but slamming pm’s ahead of it, so the best they do when they rally after “no hike” is go back to where they were.

Regardless, there a bottom nearby that’s held 4 times, they’ll probably test it again. Failure there, and everyone who hasn’t thrown in the towel already will capitulate.

The problem I run into when I look at this stuff is that I don’t see a reason for anything to change and jump back into bull mode. If we can’t rally on a day when oil, rates and the dollar are all lower, when can we?

Gain of Fauci
@DschlopesIsBack
Today is a great time to remind you that Anthony Fauci was LITERALLY SHAKING while lying in front of Congress about his Gain of Function research in China through the NIH.

Gain of Fauci.

https://x.com/DschlopesIsBack/status/2081534919608516626

Is the US going the way of Rome? Lots of similarities!

Rand Paul
@RandPaul
If Anthony Fauci lies before Congress on Wednesday, as he did in previous hearings, his preemptive pardon won’t cover him.

The market looks like it doesn’t want a rate hike but the market other than PMs appears to be maxing out but with mid terms coming up will it be a factor?

I picked up one of his critical care books and this message seems kinda funny in relating to his book where someone said basically his writing didn’t fit the English writing protocol fixing things. Maybe because their mind is working fast and focused on patient care not the writing.

For more than thirty years, I practiced medicine within the American healthcare system. Like many physicians, I believed that despite its imperfections, it remained fundamentally committed to the well-being of patients. Only after stepping away from the system did I begin to appreciate how profoundly dysfunctional it had become.

What we now call “healthcare” has increasingly evolved into a financially driven sick-care system, where administrative metrics, reimbursement, and protocol compliance often take precedence over thoughtful, individualized patient care.

Today’s young physicians are being trained in an environment that increasingly rewards adherence to protocols, checklists, and electronic prompts rather than independent clinical reasoning. As a result, many become highly proficient at following algorithms but have fewer opportunities to develop the critical thinking, physiological understanding, and bedside judgment that distinguish truly exceptional clinicians.

At the same time, hospitals—while indispensable for many life-threatening conditions—have become places where patients face significant risks from preventable medical harm, hospital-acquired infections, medication errors, unnecessary procedures, and fragmented care. My advice is simple: do everything you reasonably can to stay healthy enough to avoid hospitalization whenever possible.

Once again, you’re spot on with the analysis.

Trading View has a story by Reuters stating that “traders expect 34% chance of a rate hike.”

What if there’s no rate hike? Wouldn’t the metals pop higher if that happens? The scum (IMHO) are front-running that knowledge; getting Gold to a lower and more “manageable” level if that happens ( instead of popping higher from the $4050-4060 level). Same silly games….

This is significant for a number of reasons.

Looks like we’re taking a hit without cause in the overnight markets. It was worse a few hours ago, but the dollar and rates have fallen back a little. Oil is down to an $81 handle.

Course the SM futures are weak, and there’s no way we do anything but follow them when they are weak. Silver and its shares leading the way.

Regardless, the Fed announcement is tomorrow, and we will pay the price, whether it’s before or after.

Poll I wonder how many vote. Pre election maybe have two choices if you can. If you vote or if you don’t with the question just to get the US perspective.

Mark Twain supposedly said: “If you don’t read the newspaper, you’re uninformed. If you do, you’re misinformed.”

reminds me of the MSM! 🙂

When there is runaway inflation like when Biden was in office without this oil tanker problem they could start raising the interest but Europe did want a war with Russia despite the best supplier they had. If this war and can you see what they’re doing..bringing demand here  Are they ready for it here? Europe chosing not to use Nuclear power or coal their alternatives are not making it… If this war and supply problems keep on then we’ll see. Be immigration, farming, wokeness and dictatorship,  energy, they keep making the wrong decisions. They are only worse off for it digging their own hole and seemingly wanting to pull everyone else down with them. I guess when you live in a social system where they get everything handed to them that’s what happens when they make decisions and judgements based on that mindset.

Ps referring to their leaders and their propaganda.

Aye sir!

It is kind of funny though that our “strong dollar” is buying less and less of the things we need to live.

Do you have any thoughts on the Fed meeting? Are they going to raise? Does it even matter? Don’t governments usually raise when they’re trying to defend their currencies?

Shares did a little better at the end of the day. So, there’s that.

You do understand your mission, your charge, is to keep the dollar down and gold up, not the other way around?
😁

https://gregreese.substack.com/p/mind-over-matter?publication_id=706779&post_id=208091239&r=poko7&triedRedirect=true

Another Fed meeting? Yuck

I don’t think they’ll raise but who knows? Maybe they want more dollar strength against all the world’s crap fiat. Because that’s the only thing it’s strong against. Regardless, we’ll get the usual beating.

If so, it will go along with my intentional crashing of the economy theory.

Not a bad day for the metals, just too bad the shares trade with the QQQ’s or the DIA’s but only when they go down. Such a deal.