Loading ...It’s already 315 bps off the high
The gold bug credo from the gold bug hymn book—[credo in latin means “I believe”]
The gold market is miniscule. It’s so small relative to the funds that are in bonds, interest bearing securities, equities, that it won’t take much of an allocation at all to send gold to record levels. That’s going to happen at some point. We can get fuzzy on the actual timescale and the timing of when it’s going to happen. But the fact that it will happen is inevitable, these trends are absolutely irreversible at this point.
So…What’s so special about gold? If it’s what they tell us: that it’s a barbaric relic and it has no use in society, then why be so secretive about it? Why be so reluctant to have your citizens own it? That alone tells you all you really need to know.
If they don’t want you to know about it, if they don’t want you to own it, you probably should.
You know your regime’s days are numbered when …
Armed Venezuelan soldiers caught in Guyana begging for food
http://www.miamiherald.com/news/nation-world/world/americas/venezuela/article167335697.html#fmp
When the market narrows to a handful of momo names, its all over but the shouting.
Stated differently, the combined market cap of the NASDAQ “Big 5” has soared from $1.9 trillion to nearly $3 trillion since early 2015, or by 55%. That compares to just a 4.5% gain in the aggregate market cap of the the other 495 S&P 500 stocks during that period.
That’s a radical narrowing of the market if there ever was one. It’s also evidence that they eye of a financial hurricane now sits dead atop the canyons of Wall Street.
When the market narrows to a handful of momo names, its all over but the shouting. Like the case of the Nifty Fifty back in the early 1970s, a crash is just around the corner.
In short, these five giant companies essentially account for the last spasm of a monumental financial bubble that has been building for nearly three decades.
Get out while you still can!
In short, so much for the newly discovered “fundamentals.”
What this really means is that the robo-machines and day traders are playing chicken with the Imperial City. There is no basis whatsoever for the massive post-election re-rating of the stock market except for the fabled Trump Stimulus.
And that is now deader than a doornail. In fact, the reality is even worse than the certainty that no “hand-off” of the stimulus baton to fiscal policy is going to occur.
But for some reason, market volatility is at a 24-year low. That’s despite the unprecedented convergence of political, fiscal and monetary policy risks — to say nothing of foreign policy hot spots from Ukraine to Syria and the Korean peninsula.
Stated differently, the casino is completely unhinged. And the market moved hardly four S&P points — in the wrong direction — after the Comey firing.
The so called Liberals (Communists Radicals)
want to remove Teddy Rooseveldt statues and Lincoln Memorial ……The Crazies are running the MEDIA ….Trump needs to Get the Attorney General to arrest them and FINE them a billion Dollars along with SOROS “Take the Money out of their Hands” and this stupid nonsence will stop..
Declare them in violation of the RICO ACT and they are engaging in Sedition …..LOCK THEM UP ! Use Marshall LAW if you have too ….Enforced by the Military…
REVOKE the MEDIA LICENCES to broadcast TV……for engaging in Sedition…
fyi
dasein211 order66 Aug 15, 2017 4:46 PM
Right? Seriously though, the central banks have complete control now and NOBODY WILL BE ALLOWED TO FAIL!!!! I don’t know what it will take for zhedgers to understand this. The only way to change the system now is to change what money “is”.
So we have robotic automation replacing workers, drivers, operators… (robots don’t shop).
Peer to peer direct consumer lending and crowdfunding,
Retail crashing and online sales tax avoidance,
leasing over purchasing,
Cryptocurrency, offshoring and XAU physical exchange
Where is the volume to come from? It’s not that it won’t be allowed to fail, more how can it not fail….
Peer to peer direct consumer lending and crowdfunding,
Retail crashing and online sales tax avoidance,
leasing over purchasing,
Cryptocurrency, offshoring and XAU physical exchange
Where is the volume to come from? It’s not that it won’t be allowed to fail, more how can it not fail….
(I am sure the FT and others will try to keep the stench from leaking out but the patient is already being measured for its casket).
Kali Yuga is here.
Kali Yuga is here.
So you are seeing a crowd moving to the exits with crypto. The central banks cannot control the crypto world and more people are taking their value out of the system.
Economic roller coaster
Dollar up after Kim decided to hold back on firing at Guam do tell, then NY Fed President stated expects rate hike this year.
Ororeef, silverngold
Ororeef – the tooth fairy and SM rallies exist until proven otherwise. So there. 🙂
Silverngold – we may win someday, but at this rate I’ll be broke and or dead by the time it happens.
BTCS big volume It was a nice buy at .14 a few days ago and still very CHEAP,NOT for the FAINT of Heart
5 year chart vs current chart 
completed merger,raised additional Capital
Greensea
Yes I also bought shares of Novo Resources in the .55-.60 range, but have subsequently sold all of my shares. It looks terrificly overbought here, and would love to buy some on a pullback. The company they announced a deal with today, Artemis is up nearly .30 today. I also tried to buy some, but won’t chase it here.
WPM just barfing
Someone knows something. Probably a good time to buy but….only the matrix knows
deer79 NOVO
2nd halt in 10 days. Both followed by good news. I first heard of the stock from Bob Moriarty at 321gold. He says it is his largest holding. Info there and at the Novo Resource Corporation website. Bought mine in 2/16 for .54 one of the bright spots in my holdings. Anyone here also holding? Thoughts?
The United States Geological Survey (USGS) is not reporting the event…..Why Not ?
click clickAccording to the Hungarian National Association of Radio Distress-Signalling and Infocommunications (RSOE) which operates Emergency and Disaster Information Service (EDIS), an earthquake-type event has taken place in the Punggye-ri Nuclear Test Facility in North Korea, signalling another NUCLEAR TEST DETONATION.
The event allegedly took place at 11:12 AM eastern US time on August 15, 2017. RSOE/EDIS has not specified a magnitude or a depth for this event.
The United States Geological Survey (USGS) is not reporting the event.
Base data
EDIS Number EQ-20170815-59502-PRK
Event type Earthquake
Date/Time August 15 2017 03:12 PM (UTC)
Last update August 15 2017 03:14 PM (UTC)
Cause of event suspected nuclear test
Damage level Is not or not known Damage level
Affected area Local event : The affected area up to a few kilometers
Geographic information
Continent Asia
Country North Korea
County / State Province of North Hamgyong
Area Punggye-ri Nuclear Test Facility
Settlement
Coordinate 40.96, 129.34
Household Debt Hits Record as Auto Loans and Credit Cards Climb
Comment: Overvalued stock markets and record debt. Somehow, you just know this will not end well.
In A Word, Amazing !
Bitcoin market cap is within touching distance of major stocks like Netflix
https://www.cnbc.com/2017/08/15/bitcoin-price-market-cap.html
https://suidlanders.org/ click on “English”
and get a peek at the Future
Anyone recognize yourself in this brief Corbett video??
If so, grow some balls and NEVER GIVE UP! Quitters never win and WINNERS NEVER QUIT. We ARE going to win!
Police FAIL
The Mayor and Police Chief of Charlottesville conspired with malice and aforethought to “stand down” the police So that they could PERSONALLY PROFIT both politically and monetarily. They both knew that extreme right groups would attract violent extreme left groups and the George Soros funded BLM/antifa hate groups would engage in bigoted violence just as they did in Ferguison and Berkley. The Mayor and Police Chief are “accessories before the fact” in the death of that Miss Heyer, who also knew she was going to a violent demonstration.
From the ACLU’s statement — ““It is the responsibility of law enforcement to ensure safety of both protesters and counter-protesters. The policing on Saturday was not effective in preventing violence. I was there and brought concerns directly to the secretary of public safety and the head of the Virginia State Police about the way that the barricades in the park limiting access by the arriving demonstrators and the lack of any physical separation of the protesters and counter-protesters on the street were contributing to the potential of violence. They did not respond. In fact, law enforcement was standing passively by, seeming to be waiting for violence to take place, so that they would have grounds to declare an emergency, declare an ‘unlawful assembly’ and clear the area.”
Buygold @ 9:02 on August 15, 2017
and the Tooth Fairy loves you !
Novo
IR says news to be released in about 30 mins FWIW.