Don’t do anything to stop inflation or spending, just say they will and sacrifice the commodities while the dollar devalues and world banks buys more gold and tech and data stocks that want to rule the world and governments that want to bring out digital currency someday get a discount on rare earths.
treefrog
Roger that! 🙂
ipso,
the donald may fall short of perfection, but as i remember, we were given a choice between him and kamaltoe. i did not have any problem with that choice.
aufever
Trump has done a lot of good things, I don’t deny that.
But he’s also failed in some respects.
No real Epstein file disclosure.
Started this war with Iran after saying he was the anti war candidate.
Massive deficit spending.
I think Rubio or Vance would be much better presidents. I hope the Republican’s keep their positions in the house and senate this November.
I could never vote for Democratic socialism in the final analysis.
ipso 9:51
C’mon, Trump and his administration announce major accomplishments every day. Real accomplishments, not just planned accomplishments.
The list is already endless, after just a year and a half. Even while having to constantly and continuously fight insane judges and governors and mayors.
And a senate that hasn’t cooperated at all.
Just look at the time and energy spent trying to get the simple Save Act passed. Enormous, enormous unnecessary time and energy. It is the no-brainer of no-brainers.
So many people so brainwashed for so long, so many generations, every little, obvious suggested improvement becomes a major battle.
I don’t why he renamed the lake, but so what? He’s accomplished at least a thousand things. That no one else could have. Or even had the insight, much less the guts and fortitude, to try.
A thousand more positive things than any other president.
Buygold
“Harsh” LOL
There’s way too many woke fools in Washington State! We’re going downhill in the CA direction.
Ipso
Illegals have rights ya know! 🙂
I was talking to my future daughter-in-law about illegals, and she said that call them illegals was “harsh.”
She went to school in your state BTW. 🙂
Tyranny in action
Old School Eddie
@Old_SchoolEddie
The Amish are threatening a mass exodus from New York over the vaccine fight.
The Amish population in NY is around 25,000 people.
NY is insisting that their children receive between 24 and 27 jabs to attend school.
Their schools, which have zero State or even Federal funding, refused to comply on religious grounds.
Their schools have already incurred $118,000 in fines for failing to comply.
The fight now heads to the Supreme Court, and I pray for their victory.
I do have one question: as NY is a sanctuary state, are they forcing all the illegals to get these jabs, or do they get a pass and just cash?
It’s the weather
Robert Friedland
@robert_ivanhoe
Increasingly extreme weather, due to the century-high intensity of this year’s El Niño, is significantly disrupting everything around our planet, including copper mine supply.
In mid-July, flooding created severe power outages in Chile, leading to mine stoppages. In August, severe droughts in Papua New Guinea led to critically low water levels on the Fly River, the largest by discharge volume in the Oceania region. Low water levels are affecting shipments from the OK Tedi copper mine, which exports 250,000-400,000 tonnes of copper-gold-silver concentrate 850 kilometres down the river every year.
While El Niño is expected to persist into early 2027… its impact will last much longer. Everyone is now forced to rethink the climate impact of their supply chains… as well as the impact on our everyday lives.
There is no easy copper supply anywhere in the world anymore…
deer79 – thanks
We’ve always known that inflation is bad for pm’s.
This almost feels like they are giving the shorts a chance to get out while they can.
I don’t think any of this is going to matter by the end of September. I don’t know why I even bother to watch anymore, it’s a waste of energy.
That does it ! I am selling a miner.
But only 1.25% of my lopsided portfolio , an open good ’til cancelled order at 21% over todays’s bid . LOL , but true .
Buygold
Part of Warsh’s speech:
In his remarks at the central bank’s annual symposium in Jackson Hole, Wyoming, Warsh said, “While this summer’s PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved.”
He also said, “We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That’s our job . . . our mandate . . . and our charge to keep.”
Play time for the puppet masters! Cue up the financial BS jargon that rates will have to go up now!!! Rinse, wash, repeat.
The algo’s are on max overdrive
I don’t know if Warsh is speaking or what’s going on, but I’ve never seen the bid/ask on these shares and ETF’s jump around like this in microseconds. Now they are headed straight down. Whatever he’s saying is moving the dollar higher but not rates so much. Regardless, they are attempting to waterfall the metals.
Same as it always was. They tear it down in a day and we take weeks to rebuild it.
Smoke and mirrors. Palladium still up over 6% though. Imagine that.
Peter Schiff
@PeterSchiff
Instead of changing the name of Lake Ontario to Lake America, the president should focus on actually doing something constructive to deliver on his campaign promise to make America great again. The problem isn’t branding, but too much government spending. Do something about that!
Own it all!
Steve Hanke
@steve_hanke
Commodity market guru Jeff Currie on the commodity price supercycle:
“At this point you just want to be long the whole entire complex. Own the energy. Own gold. Own silver. Own grains. Own copper. Own every single one of these markets right now.”
Morning deer79
I guess it’s how they’ve kept people out of the market for all these years. Same with the shares.
Unbelievable to me that gold could be flat with palladium up 6% and platinum 2%.
The corrupt world we live in I guess. Now for the 9 am bleed out.
Buygold
I completely agree and feel your frustration!
The scum have to support Kevin Warsh’s statement coming out later today, where the smoke and mirrors will be dissected by the financial media, and the ponzi scheme will go on!
and there you have it
Gold back below $4600, now down $10 and silver still up $.97 but barely above $70.
All this while Plat and Pall move even higher.
These are the days when I saw them all those years ago, I should have run toward the exits and never looked back. Such B.S.
Yep, here they come
not touching plat and pall of course, but bleeding gold toward red and drip selling silver back down toward $70. It’ll be back below $70 in the next 10 minutes – if that long. I believe Shanghai closed at 0400 EST, so the ball is in the west now.
Every. Single. Time. It was exciting for a couple of hours though.
Update: So, here we are 1.5 hrs later and gold is still pinched and flat, silver has managed to barely hold $70, but up $1.20. Not bad, until you notice that Plat and Pall are rocketing higher, up $43 and $52 respectively. Tough to look at when gold can’t get out of its own way.