Loading ...Oil was down 5% and about to break $40 and the SM got pretty much pasted.
FWIW, I think the SM is screwed no matter what the Fed does, raise rates or more QE.
Todays LEAK ..NO LEAK
was a dry run to test reaction in the Markets ,so the moneychangers can do a test on the how much they can expect to bring in ..
The whole thing will happen when they can corall the Greatest number of suckers. They need to know much bait to put on the hook ..big bait for big fish…
Some news event prior will be placed at the right time to maintain confidence just before the big Bankster BANG !
Maybe they’ll just say don’t worry its just another LEAK ..no big deal !
Yell-in
is the Shorts bell Ringer ..She will ring the Bell to start the crash ….Right in Public for all to see,so no one can say conspiracy… My best guess is Sept 15
…There is NO REASON except the FEDS LAME explanation that the Fed needs room to cut Rates when needed…WHAT ….! First you cause a crash them you want to take credit for DOING SOMETHING about it ..! Try un-ringing the BELL !
treefrog
I did. Those ones are OK.
ipso,
did you open the link above the pic?
Moggy
D’oh!
No Buicks for me either. 🙂
Ipso
That pic wasn’t of Hitlery, it was Chelsea.
Buicks…I wouldn’t buy one no matter where it was made, nothing but junk.
Bitcoin Battered After “Governance Coup”
Naysyers are warning that the recent plunge in Bitcoin prices – from almost $318 at its peak during the Greek crisis, to $221 yesterday – is due to growing power struggle over the future of the cryptocurrency that is dividing its lead developers. On Saturday, a rival version of the current software was released by two bitcoin big guns. As Reuters reports, Bitcoin XT would increase the block size to 8 megabytes enabling more transactions to be processed every second. Those who oppose Bitcoin XT say the bigger block size jeopardizes the vision of a decentralized payments system that bitcoin is built on with some believing the split could spell the end of bitcoin. However, the turmoil in the price also coincides with some rather notable global macro events from Asia (where Bitcoin is extremely popular).
more http://www.zerohedge.com/news/2015-08-19/bitcoin-battered-after-governance-coup
chat over tuh ZH=The rails are so close to coming off the tracks in my opinion
Takeaction2
Takeaction2’s picture
The rails are so close to coming off the tracks in my opinion. I am buying every day…..I have a $30K credit card zero interest for 18 months….may have to roll the dice too. You ever watch that fucking channel “MSNBC” they had a phsychologist on last night saying that the republican party is putting thoughts in our heads that are fantasy, and we are excepting them. They were explaining how Trumps campaign is just opening up fantasy dreams in peoples heads…..then they were talking about Hillary and the emails…trying to say that Collin Powell and all of the rest in the past have always done this…trying to just play down that this is a republican attack. My neighbor always has this channel blasting on a big screen in his garage…I had to see it. Chris Mathews…what a fucking clown. Then you jump to Fox…..they are now the Trump station. This is going to get real good. Then we have September almost upon us….is IT going to happen? I don’t know what the fuck “IT” is …but is it?
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Wed, 08/19/2015 – 11:05 | 6443677J Jason Djfmam
J Jason Djfmam’s picture
There is not one day that “IT” is going to happen.
“IT” has been happening for some time now.
Some are accepting this and prepping to deal with it.
Most are sitting around still waiting for “IT” to happen.
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Wed, 08/19/2015 – 11:44 | 6443841KnuckleDragger-X
KnuckleDragger-X’s picture
I’m as ready as I can get. Now I just enjoy the world before somebody sets a match to it all. Everything that is happening and is going to happen could of been prevented a long time ago, but greed rules and bending reality to your will is much easier when you control the hammer and anvil that the system has become……
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Wed, 08/19/2015 – 12:19 | 6443990Uchtdorf
Uchtdorf’s picture
Food, my friends, food. Stack some more food.
Bill of Rights
Bill of Rights’s picture
Longs are getting creamed today, they were looking for the FED happy happy joy joy minutes, which are meaningless drivel as of the last 7 years.
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Wed, 08/19/2015 – 10:51 | 6443609Dubaibanker
Dubaibanker’s picture
And then the sharks circled and went for the kill….
soros buys peabody
Ororeef @ 11:09
GM probably a good short!
Homebuilding Bright Spot
Its no wonder FED ..YELL ON cant stand to see anything go up ,thats why she wants to Raise rates RATES
to accommodate her fellow Shorts .(.left chart is weekly,center is daily,right chart is Seasonal)
It’s a bullish change of pace that gold is up–[but corralled]–with stocks down and cride down 1.83
That’s a no-no cause….gold is NOT supposed to be a safe haven….
It’s quite evident
that the smackdown in Silver was brought to you by no one other than uncle scam
Free Silver, who wants some?
daily silver chart
a very nice inverted head and shoulders beginning just after the summer solstice. nearing completion, a close over 15.65/15.70 area might strike a spark.
ipso facto @ 10:22 Auto ,GM
Peak Season for auto is done and Gm weekly chart ..not looking good
Fusion power could be here in less than a decade: MIT reveals small ‘Iron Man’ reactor it claims could create limitless amounts of energy
The ARC planned reactor will be tokamak – or donut-shaped – system
It could generate the same amount of energy as much larger designs
It will used superconductors made of rare-earth barium copper oxide
The stronger magnetic fields generated are able to better contain plasma, allowing the reactor to be smaller, cheaper and quicker to build
Andy Hoffman
HISTORIC GLOBAL COMMODITY, CURRENCY CRASH INTENSIFIES – UPCOMING GOLD AND SILVER SHORTAGE A DISASTER IN THE MAKING
snip
Which brings me to the last – and for Miles Franklin Blog readers, most important – topic du jour. Which is, the upcoming Precious Metal shortage that with each passing day, draws nearer; particularly in the far tighter silver market, so much so that I felt compelled to publish a special “silver supplement” last week, titled – in the words of Miles Franklin’s President, Andy Schectman – “supply is at a 1.5 or 2.0 out of ten” – and one of the potentially last great silver opportunities.”
Well, since published, demand has tightened further – starting with the U.S. Mint itself, which not only sold nearly a million silver Eagles yesterday alone, but is on a pace for August to be its best August ever; following its best July ever; and, assuming supply doesn’t run out, what will clearly be its best year ever. In fact, regarding said “last great silver opportunity,” I personally purchased one of the last lots of available Great Horned Owls from the Royal Canadian Mint’s last “Birds of Prey” series – at which point, I was informed that shortly, nearly all distributors will be forced to suspend silver Maples sales indefinitely, due to soaring demand. This is exactly what I suggested was coming in the aforementioned article. Not to mention, what I have screamed all along about “junk silver” – i.e., the “ultimate fear asset” – which fellow bullion dealer Steve Quayle loudly validated this morning.
No matter where one looks, Precious Metal demand is exploding; inventories are vanishing; and the production outlook is historically horrible. And nowhere more so than silver, given that roughly half of all global production is the byproduct of copper, zinc, and lead mines; which, given the historic base metal price collapse that is only just starting, may well cause the conclusion of last year’s “Miles Franklin Silver All-Star Webinar Panel” – i.e, that silver production could fall up to 50% in the coming years – to approach reality.
Oh that’s just peachy. Good thing we bailed them out.
LEAKED: GM Sees Overcapacity Fiasco in China, Hopes Americans Will Buy Lots of Chinese-Made Buicks
“We do not comment on future product speculation,” a Buick spokesman said, refusing to confirm the leaks, but didn’t deny them either.
GM sold 919,582 Buicks in China in 2014, four times as many as it sold in the US! GM manufactures in China nearly all vehicles it sells there. About half of GM’s earnings are generated in China. After having been bailed out of bankruptcy by US taxpayers to keep the manufacturing base in the US, GM bet big on China.
In July, GM announced that it would invest an additional $5 billion in China to develop a new family of Chevrolet vehicles with its Chinese partner SAIC. All global automakers have invested billions in China, year after year, to build new plants, add capacity, and increase production. More new plants are coming. More capacity is being added. It all worked out because automakers sold these vehicles in China as fast as they could make them.
Until this year. But now supply and capacity are still rising. Demand has started to fall. Inventories are piling up. A vicious price war has broken out. And the bane of the auto industry, overcapacity, is suddenly looming ominously above them all.
Overcapacity tore up the industry in the US. It tore up the industry in the EU. It’s a deadly disease for automakers. It led to bankruptcies and bailouts. And now it’s spreading in China.
But there is a solution, apparently: exporting China-made vehicles to the US.
A few small-scale efforts have gone nowhere. America is a tough market. The best companies fight it out on a daily basis and are being taught lessons the hard way by finicky consumers.
Volvo, owned by Zhejiang Geely Holding, is starting to export its China-made S60 Inscription to the US this summer. It’s the long-wheelbase version of the Swedish-made S60 sedan. This will be the first mass-produced car from China on US streets. Not exactly a tsunami.
But now GM is reportedly jumping into the game in a big way.
On Monday, the first leak appeared, and at a very inconvenient time for GM, currently in contract negotiations with the UAW. Automotive News reported that GM is planning to sell its Chinese-built compact crossover, the Buick Envision, in the US.
Ipso
Never mind. Here they come.
Buygold
Insiders know no rate hike coming?
Major South African gold producers fly into the danger zone
LONDON -A few months ago, Mineweb published a thought-provoking article suggesting the South African Gold Mining industry as we know it might not survive beyond the end of the decade (See: Could SA’s gold mining industry be gone by 2020?).
In it Patrick Cairns reported on a talk by Peter Major, mining specialist at Cadiz Corporate Solutions, to JSE’s Power Hour in Cape Town, where he laid bare the serious problems facing the industry which have almost brought it to its knees. The current gold price is now around, or below, many of the miners’ latest AISC guidance levels and if the forecasts of most mainstream analysts are to be believed – the future of the industry looks bleak.
Major’s talk pointed to numerous political and union-related changes that have already seen the industry reduce to a fraction of the size it was only a decade or so ago. And unless there is a major pick-up in the gold price there would seem to be little prospect of any recovery. A combination of further falling prices and the implementation of a higher wage agreement will undoubtedly result in more closures and/or fewer jobs.
As Major pointed out, issues like government interference, the power of and conflict between unions, and BEE legislation, have all contributed to a situation where domestic gold mine productivity has dipped dramatically, and all this in the face of a declining gold price over the past four years.
While the fall in the value of the South African Rand against the US dollar has helped mitigate potential earnings losses (gold sales are in dollars while most local costs, particularly labour, are in Rands), the miners are, without exception, on the brink with respect to their South African production.
With most South African mines operating at such extreme depths, while grades have also been on a declining path, and with the breakdown in wage negotiations between the unions and the major mining companies suggesting a possible strike, the domestic industry is at a tipping point.
Indeed, one suspects the longer term future of the mining companies may lie in overseas operations where AngloGold, in particular, seems to be coming up with some positive results.
more http://www.mineweb.com/news/gold/major-south-african-gold-producers-fly-into-the-danger-zone/
R640, Ipso
Pretty heavy volume in GDX out of the gates. Don’t know why there would be buying/covering in front of Fed minutes.
Good looking day so far…buyers of gold making bets on the FED minutes–also
the “druckenmiller effect” has lent support to gold IMO.