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Some say that gold and the $ don’t correlate anymore
the $ index was down 1000bps a week ago and gold was DOWN a dollar–today the $ index is up 400 bps and gold is down $14….so they still correlate but, for gold, only on the downside.
No wonder Yellen reckons no more crisis’ in her lifetime
China Sends Warships, Fighter Jets To Intercept US Destroyer In South China Sea
The Only Way Out Of The Qatar Crisis
http://www.zerohedge.com/news/2017-07-02/only-way-out-qatar-crisis
Above is the main overnight news likely to drive PM’s in a ‘normal/real’ mkt…..but in our non/real/scum mkt we get a 0.5 % drop in price !!!!!! and a 0.25 % rally in the SM along with a small dollar rally. None of which should be possible, without scum action.
Now a DB analyst has quantified this change in reality, which the world is assumeing is permanent and trading off accordingly and it’s huge…
Deutsche: The Market Broke In 2012, “This Is What Everyone Is Talking About”
http://www.zerohedge.com/news/2017-07-02/deutsche-market-broke-2012
Take that along with fact that according to DiMattio Booth in her book Fed Up, near 100 % of Fed employees/appointees have no idea what they are doing, or of how the real world works ie: to all intents and purpose they are 100 % useless and the recipe could not be worse.
Back From Myrtle Beach,SC
Catching up on the news and viewsj tonight.
ipso facto @ 20:04
I may be a genius, but I’m not THAT smart. I’m only smart enough to use them. 🙂
Maya @ 16:00
It could be you! 
ipso facto @ 14:31
No one knows who “Satoshi Nakamoto”, the alleged inventor of Bitcoin, really is. 🙂
Greg Hunter interviews Lynette Zang
Well now, not only the Webbots are predicting $600 silver!
POPE fires top Conservative theologian and Hires another Jesuit
View photos
Newly elected cardinal Gerhard Ludwig Muller of Germany smiles as he holds a news conference to unveil his book “Poor for the Poor: The Mission of the Church”, with the preface written by Pope Francis, in downtown Rome, Italy February 25, 2014. REUTERS/Max Rossi/Files
By Philip Pullella
VATICAN CITY (Reuters) – In a major shake up of the Vatican’s administration on Saturday, Pope Francis replaced Catholicism’s top theologian, a conservative German cardinal who has been at odds with the pontiff’s vision of a more inclusive Church.
A brief Vatican statement said Cardinal Gerhard Ludwig Mueller’s five-year mandate as head of the Congregation for the Doctrine of the Faith, a key department charged with defending Catholic doctrine, would not be renewed.
Mueller, 69, who was appointed by former Pope Benedict in 2012, will be succeeded by the department’s number two, Archbishop Luis Francisco Ladaria Ferrer.
Ladaria, a 73-year-old Spaniard who, like the Argentine pope is a member of the Jesuit order, is said by those who know him to be a soft-spoken person who shuns the limelight. Mueller, by contrast, often appears in the media.
“They speak the same language and Ladaria is someone who is meek. He does not agitate the pope and does not threaten him,” said a priest who works in the Vatican and knows both Mueller and Ladaria, asking not to be named.
Since his election in 2013, Francis has given hope to progressives who want him to forge ahead with his vision for a more welcoming Church that concentrates on mercy rather than the strict enforcement of rigid rules they see as antiquated.
Mueller is one of several cardinals in the Vatican who have publicly sparred with the pope.
In 2015 he was among 13 cardinals who signed a secret letter to the pope complaining that a meeting of bishops discussing family issues was stacked in favour of liberals. The letter was leaked, embarrassing the signatories.
“Clearly, the pope and Cardinal Mueller have not been on the same page for five years,” the priest said.
Mueller has criticised parts of a 2016 papal treatise called “Amoris Laetitia” (The Joy of Love), a cornerstone document of Francis’ attempt to make the 1.2 billion-member Church more inclusive and less condemning.
In it, Francis called for a Church that is less strict and more compassionate towards any “imperfect” members, such as those who divorced and remarried, saying “no one can be condemned forever”.
Conservatives have concentrated their criticism on the document’s opening to Catholics who divorce and remarry in civil ceremonies, without getting Church annulments.
Under Church law they cannot receive communion unless they abstain from sex with their new partner, because their first marriage is still valid in the eyes of the Church and therefore they are seen to be living in an adulterous state of sin.
In the document the pope sided with progressives who had proposed an “internal forum” in which a priest or bishop decide jointly with the individual on a case-by-case basis if he or she can be fully re-integrated and receive communion.
After the document was published Catholic bishops in some countries, including Germany, enacted guidelines on how priests could allow some divorced and remarried Catholics to receive the sacraments.
But Mueller has said there should be no exceptions, making him a hero to conservatives who have made the issue a rallying point for their opposition to Francis.
(Reporting by Philip Pullella; Editing by Helen Popper)
A little insight into present day Amerika
“When people fear the government there is tyranny. When the government fears the people there is Liberty”.
missing in action? missing inaction?
has anyone heard from the mogambo guru lately? is he hiding in his mogambo guru apocalyptic protection bunker (mgapb) ?
Re Illinois is broke story
I just read the whole thing re link. The whole damn country is broke. What’s with all the financial writers these days that constantly describe all the bad results of “not enough money” all the time?
They describe things that just make us angry, but NEVER EVER tell anybody what happened how and why it happened? Are they just plain dumb?
Have they been sleeping the past 50 years? Or are they restricted or banned from telling the truth, and informing people? They always direct blame in the wrong direction. Bottom line:
The USA hapless consumers have been SPENDING ten times more MONEY on imports than it receives oselling exports. It’s like tuning up your car but its got a leaky gas tank. Or its like a small leak can sink a big boat.
All tax payer jobs were exported, and all the tax absorber jobs were INCREASED to cover the losses. It means higher taxes, and harder ability to pay them.
Illinois was not at fault for anything. This idiotic country exports $100 worth food fuel aircraft etc all the good stuff, and IMPORTS $1000 worth of crap we don’t really need, and we can make ourselves, like plastic toys, coffee mugs, hand tools. Producing a product is like legal counterfeiting of money. China et al out prints the USA. The USA under prints, and spends it on imports.
The financial writers are as dumb as a stump, or love the imported products they own and drive.
Denninger
Heh Illinois: Blow It Out Your Ass
Good for the Czechs! The NWO doesn’t like an armed citizenry.
The 2nd Amendment Comes To Europe: Czech Republic To Enshrine Right To Bear Arms Into Constitution
Greensea – Blue Cross
Hawaii Medical Service Assn. (HMSA) is the Blue Cross affiliate in Hawaii. They are the largest medical insurer in the state and are generally very good. Employers in Hawaii are required to provide health coverage, and HMSA is the largest provider. I had them when I was employed, and my Obummercare plan now is provided by HMSA. So they have the largest customer base, and the most experience among the state population in aggregate to provide health insurance.
So of course I looked into their Medicare plans. Again, there are two tier offerings. Oahu island only (urban Honolulu) and the neighbor islands are lumped into another plan. The costs for the neighbor island plans are even higher than the United Healthcare stuff I was looking at. …just can’t win.
Moggie
They’ve been talking about that for a long time.No one really knows when a quake will hit. You’d have a better chance in a hurricane with warning. When they hit they hit in a certain area. I’m not too worried about it. Just prepared for the aftermath. No matter where you go there will be something. Fires, volcanos, tornados, floods, hurricanes. I’m more worried about foreign interests taking over, taxes, and traffic.
Maya
A few months ahead of you on this journey. My Medicare starts today. Have you tried Blue Cross? I was able to get an Advantage plan thru them at no extra cost to me. Included are basic prescription, dental and vision. Your frustration with the system is felt and shared by many. Wishing you all things good as you go forward.
One gold bullish factor is that sentiment for gold couldn’t be anymore washed out…remember the old Peter Paul and Mary song: “where have all the stackers gone, long time passing etc”
U.S. Mint’s 1st-Half Sales of American Eagle Gold Coins Weakest Since 2007
By Marcy Nicholson
Reuters
Friday, June 30, 2017
U.S. Mint American Eagle gold coin sales in the first half of 2017 were the lowest for this period in a decade, while sales of silver in the period were the weakest since 2008, government data showed on Friday. …
“U.S. investors seem to be interested in equities since every day seems like a bull market,” said Terry Hanlon, president of Dillon Gage Metals. “The news is positive for stocks and mostly negative for metals. Therefore, money is not going into the purchase of U.S. Mint American Eagle
Buygold re Dollar biggest loss in 7 years S/B Dollar Rotated Downward On Purpose To Help US Economy
There are absolutely no natural market forces imo, until the distortion gets so extreme, only THEN do market forces take hold. The big dollar run-up in June 2014 was imo a man made MANUAL adjustment, putting the so called US recovery on hold, and simultaneously stimulate non US countries.
There is always a long time lag between action and reaction. So cutting off the USA in 2014, has started to take effect, so they are simply rotating the currency punch bowl BACK to the USA, and the other foreign countries got their “spin” and will be ok for a few years, baring another 2008 meltdown.