Loading ...Tdys FOMC is super PM bullish, only the Rig can stop them.
They have admitted they can’t raise rates, effectively because it ain’t working and as Rogers etc have said….they will have to resume QE at some point, as that is all the fools and Bankster shysters know…or give up and pray for Mercy…and Mercy just left town.
All they have left is the Rig.
Mr Copper
D Trump is more popular than people think. He’s making the look like the under achieving puppets they are who is losing this country on lies for personal gain but not for the country. The Benedict Arnolds. They will use bribes like increasing minimum wage. Right now they are working to get Boehner out but some saying it’s not the right time while patriots say too much time has already past. Armstrong just posted on his sight that someone hacked into Mc Cain’s computer and found a staged beheading. These people have become degenerates and war mongers. These are not Heros. Heros are people who do what they need to do when the circumstance arise, not made up to create a illusion of one.
They don’t want Trump in the GOP but that’s okay because it isn’t what it proclaims to be anyways, just business for profit and to quiet the tea party, and would do better distancing himself from them if he truely wants to represent the people. They would turn on him anyways given the opportunity.
silverngold, right now their trying to use a outbreak of whooping cough on ” vaccinated children to push vaccines again. The Gov puts out a few articles that they are safe but no real articles, no real science which would be much more intense and scientific in multi pages than what they put out to assure the public for “the greater good. ” People need to be wary of the greater good, because it doesn’t include them and will be pushed under the bus for the greater good of the Pharmas and bribed politicians and their pocket books. They are using that same human nature to get other civilians to do the same so what it comes down to is people looking out for themselves for their and their children’s own greater good.
Richard
it pooped briefly over 1100 and was immediately swatted down….
and that is exactly what the Scum want to show….look what they have done to rates, hammered ’em.
Check a 1 minute chart in Au…..no -one but the Scum wud sell Au down above 1100.00 knowing that there’s an ocean of stops at 1105 and above, any trader wud buy it thru and knock it out at 1115 etc…..
Letting GLD trade above unch, is like farting in church to the scum…not that they wud know what a church is.
Yawn….
contrary opinion has been useless the past 4 yrs—plus–we just got a no rate rise decision from the FED and hints that even in Sept they may not raise…and gold’s going nowhere fast—just the hui is up a bit—but that has not been a bullish divergence for many yrs…that said—it looks like at least a floor is under gold…but for how long?—it popped briefly over 1100 and was immediately swatted down….
Mr C
There ain’t nothing that can fix this mess, except a full blown bust and lots of jail time for the perps….but as of now the Perps rule.
Cheers.
Gobsmacking manipulation in everything….RIP Free mkts
is this the price we must pay to allow the likes of Hellary to get a $600 haircut…..
Revolutions have started for less.
Ps
If they can push the SM up, they may allow a PM share rally.
PPs
Watching the action to stop Gold takeing out 1100, is converting thousands more to the Rig idea…..
what was that?
metals spiked at 2:00 pm (14:00) new york time, then fell back almost as quickly. did some important report get released at 2:00? did some political poo-bah make a pronouncement? wazzup?
Maddog @ 13:16
Yes I know you were talking interest rates. I was saying its not the “economy” needed to come back, as you suggested. Like the chicken and egg what came first. They need man made higher wages for this existing mess or economy to get better.
An adult speaks
John Bolton: The consequences of a bad Iran deal
Mr C
I think we maybe talking about diffent rates….I was referring to Interest Rates…..not wage rates.
Cheers.
PS I agree with u regarding Trump…but he better as u say watch his back, some very nasty people will not want him spoiling their lifestyles.
Some BIG MONEY against this one
Banks Squirm As Congress Moves To Cut The 6% Dividend Paid To Them By The Fed
snip
Did you know that the Federal Reserve pays an annual 6% dividend to its shareholders, i.e., the member banks of the cartel? Must be nice, considering savers who had nothing to do with cratering the world economy, and failed to receive a taxpayer funded bailout, can barely earn 0.5% on their money. It’s also quite bizarre. How many other “public institutions” have private shareholders to whom they pay 6% risk free dividends?
None, which once again highlights the point that the Federal Reserve is NOT a public institution working on behalf of the citizenry, but is rather a banking cartel designed to enriched and protect its member banks (as we saw on clear display in 2008).
It appears that some members of Congress are now targeting the estimated $17 billion per year paid out by the Fed to its member banks via the highway-funding bill. The Hill reports that:
http://www.zerohedge.com/news/2015-07-29/banks-squirm-congress-moves-cut-6-dividend-paid-them-fed
Universal background checks for computer buyers
Below, a note I sent to local editorial writer.
Lane,
A while back you wrote about Trump bashing Mexicans, painting them all with the same brush, not good, it being very divisive. I agree. And I feel the same way about guns.
Why blame ALL the guns with one brush. Guns do kill people. But why not focus only on the one “bad” gun used in the darkness of a movie theater. We can’t blame all the guns for the action of one gun. It being very divisive. 🙂
Anyway, article below I thought was interesting and thought proving.
Best regards,
Mr. C
Universal background checks for computer owners.
Parts:
“What would be the public reaction if the government, claiming to prevent cybercrime or digital terrorism, required all citizens to undergo an FBI background check before acquiring or disposing of computers? What if the transfer of any computer without government approval were a felony? And what if not passing the background check, for reasons the government was under no obligation to divulge, made computer possession a criminal act?”
“But, as with firearms, computers can be used for criminal and evil ends. Fraud. Dissemination of child pornography. Cyberbullying. Identity theft. And for life-and-death evil in our computer age, look no further than the sophisticated use of technology by ISIS to spread its horrific barbarism and recruit jihadists to fulfill their apocalyptic vision of destroying Western civilization through mass murder. These ISIS seventh-century monsters are very adept at using 21st-century technology to achieve their evil ends.”
Corbett Report: Canada is a Tinpot Dictatorship!
I won’t post this as FWIW because I have seen this evolve over the past 20 or so years. Sad to say it is true!!
Maddog @ 12:17 re They would love the ability to raise rates
re part:
“unfortunately they will not be able to until the bust has burnt out and the economy does come back”
Comment:
I disagree with that. It’s NOT the “economy” (it’s the game really) that needs to come back first. I’ve been observing the economy since 1964, and have a pretty good handle on the “SITUATION” I call it.
Wages are too low. Today on Bloomberg news, they said the average pay in the entire USA was $20 per hour. $20 per hour adjusted for purchasing power, was the real or actual minimum wage during the 1950s and 1960s. More advanced employees made much more.
Big business over the decades after 1970 got its way. They have the entire USA workforce on “minimum wage” today. And THAT’S the primary problem they are having, with their own fake “man made” game they call an “economy”. It ran its course and is now negatively affecting THEM, big business and gov’ts.
This is why all the stagnant wages and $15 hoopla we are hearing about lately. Big business and gov’t don’t care about anyone but themselves, that’s why they are pushing for higher wages. For their own benefit. Not the burger flippers.
Ororeef
Re Fed and Rates
They would love to raise rates, because then they would have an economy that could withstand higher/normal rates….unfortunately they will not be able to until the bust has burnt out and the economy does come back…then they can if they still exist, as the bust is likely to be so bad a new form of economic governance will be demanded…at the point of a gun.
As of now all they have is a mirage propped up by the Rig…so yes they keep on talking about rates going up, but they never will, Debt levels ensure no rates rise……we will see more QE next not higher rates…..
@Portugeezer, Roger that neighbour. Below a note with a friend
Hi Tom, so how’s business out there in my old manufacturing world??
STILL ON THE SLOW SIDE FOR US.
Me: TPTB have been raising the Dollar value since June ’14, straight up from 80 area to 100 area in June ’15. The “pain” reaction the economy “feels” comes 6-9 months later. Action/reaction. They may have started pushing dollar lower now since pain is showing up. Hopefully business will get better 6-9 months later after June ’15.
You are not alone. All energy, export related and commodity related businesses investors, and employees are hurting with the one year strong dollar adjustment. Intended to help foreign nations, and US gasoline users temporarily. I think.
I doubt they will keep or let dollar stay high. It would undo all the good created with the lower dollar after 2001 and 2008. Its a shame. The gov’t zigs, then the people zig to adjust, and then the gov’t zags, after everyone zigs.
The US gov’t and the Fed Note dollar will make you or break you. Very simple if you are not in a gov’t favored business, like new car retail sales, real estate sales, or gov’t employment or vendor etc. It always annoyed me to pay taxes to a gov’t that gives my manufacturing work away to foreign nations. Manufacturers and Vietnam veterans should be tax exempt.
Part:
“PITTSBURGH, July 29, 2015 /PRNewswire-USNewswire/ — Hundreds of members of the United Steelworkers (USW) and their allies will rally Thursday at the headquarters of Allegheny Technologies Incorporated (ATI) in downtown Pittsburgh.
More than 2,200 members of the USW are currently in negotiations with ATI to replace the contract that expired June 30. The USW is seeking an agreement that would secure good, family sustaining jobs, including those at eight locations in Southwest Pennsylvania. ATI is seeking deep, permanent cuts that will jeopardize hundreds of jobs.”
TRUMP, a great breath of fresh air. IMO
Below, is a copy of a note, me responding to lane.filler@newsday.com today about his Newsday editorial bashing Trump.
Lane,
I just read your story. I don’t know if you remember me, but we went back and forth once re the problems and no solutions with Gun Control. Well todays situation re Trump brings back memories.
Back in the 1960s, a Vietnam veteran told me…”Larry, no matter who you vote for, the same gov’t always gets in” or something like that.
Now JFK was an outsider that got in. He was NOT supposed to get elected. He was planning to abolish the Federal Reserve monopoly, switch over to United States Notes, and away from Federal Reserve Notes.
Many were printed and are collectible now I think. He also fired most of the War II crowd, and planned to stop the Vietnam war. He was far more conservative and patriotic than anyone today in the US Gov’t. So, unfortunately we all know what happened in Nov. 1963.
After JFK was killed I never voted again, until Ross Perot, an outsider decided to run. I registered and voted for him, because I thought he, a pro American outsider had a chance.
If Donald Trump gets the nomination, I, my kids and everyone I know, will be registering and voting for him. If he does manage to get elected, he will have to watch his back for sure. 🙂
Best regards,
Hillary Does It Again: What “Everyday American” Would Pay $600 For This Haircut?
She did it on account of if she ever runs into her #1 fan BG she’ll be looking good! 
Auandag
” Don’t sell the farm waiting for Mcguires short squeeze.”
Yeah KWN is such a valuable source of good inside info.
Stupid Turks
Turkey launches heaviest air strikes yet on PKK, stoking Kurdish ire
http://www.reuters.com/article/2015/07/29/us-mideast-crisis-turkey-idUSKCN0Q30OF20150729
From ZH:
The pro-Kurdish HDP party won 13 percent of the vote in a June 7 poll, helping to deprive the AKP Erdogan founded of a majority in parliament for the first time since 2002.
Many Kurds believe that by reviving conflict with the PKK, Erdogan seeks to undermine support for the HDP ahead of a possible early election. That poll – so runs the argument – could then provide him with the majority he seeks to change the constitution and increase his powers.
“He is trying to achieve the result he failed to in the June 7 election in a political coup. That’s the real aim of the steps taken now,” the PKK said in an e-mailed statement.
New Line in the Sand
$1200 was the line, now it seems to be $1100 on our way to $1000. The dollar has to be propped up at all costs. Comex leverage is 116 to 1 on its way to 200, 300 to 1. Don’t sell the farm waiting for Mcguires short squeeze. I still have my PM portfolio,but live as though it is going to zero. Refuse to go in debt and am cutting costs and may have to get a part time job if cost of living keeps rising. Thank God me and the wife are in good health. Had a neer do well relative ask me for money and told him to get lost. Starting to see more and more job layoffs among friends and relatives.
Flash! This just hot off the wire from Reuters=
World financial markets are like a pie crust stretched across the roof of a volcano!
Gold to da moon!
A lotta good the GATA inspired gold manipulation article-in ZH–did this morning!
Supply And Demand In The Gold And Silver Futures Markets
Submitted by Tyler Durden on 07/28/2015 – 23:15
The bear market in bullion is an artificial creation. This artificial, indeed fraudulent, increase in the supply of paper bullion contracts drives down the price in the futures market despite high demand for bullion in the physical market and constrained supply.