Futures Up, Gold Down With World “On The Brink”

Despite the dramatic action in Bitcoin this weekend, it appears the world’s wise capital markets investors know just what to do faced with civil war in America, kinetic war with Venezuela, and nuclear war with North Korea – simple – Buy The Dow and Sell Gold…

https://youtu.be/1v69Spm3yVc

Chalk one up for Clif High.

Craziness.

Old Glory Display Torn Down in King County, Washington After Complainer Calls It ‘Offensive’

Many of us remember the tumultuous Sixties very well. There was plenty of upheaval in the country at the time. Vietnam War protests… race riots… concerns about the Cold War turning into a nuclear holocaust…

There was some anti-American sentiment expressed back then. But much of it stemmed from people who were afraid of being sent to Vietnam.

The anti-American activities we see today seem different to me. They come from a fringe group on the far Left. While they may not be big in number, their influence is felt on a regular basis.

They despise the values on which this country was created. So, they go after every symbol of those values as aggressively as possible. Particularly disgusting to them are patriotic displays featuring the American flag.

How Could the American Flag Be Offensive in America?

One such display has been visible along Preston Fall City Road in King County, Washington for about as long as anyone can remember.

A rock wall there has been decorated with a number of American flags and POW flags honoring military veterans for at least 10 years.

But guess what? The display is not there anymore. Why? Because city officials have bowed to a leftist who says the display is “offensive” to him or her.

Needless to say, the patriotic folks in King County were not pleased.

Fox News reported that one of them told a local television station, “I don’t understand. We live in the United States of America. This is our flag. Why is it offensive?”

Somebody Is Distracted… But It’s Not Drivers

County officials justified their action to remove the display with hogwash. They argued how it might distract drivers. That they might not pay proper attention to the road in front of them.

Really? Do speed limit signs and yield signs distract drivers? Do billboards cause drivers to swerve into another lane? Do pedestrians on the sidewalks make drivers forget to use their turn signals?

Sounds to me like these county officials are afraid of a lawsuit. Or maybe they’re concerned that other displays will go up elsewhere. And then they’ll have less ability to ban them due to allowing the patriotic display to remain.

Can you imagine something like this happening before our last president created an unpatriotic atmosphere with his “apology tour” and his wife’s lack of pride in her country?

America – Love It or Leave It

Excuse me for getting a tad upset here, but this kind of thing makes me sick to my stomach!

If Old Glory offends you, get the hell out of this country and go live in a place where they hate Americans.

In those types of countries – North Korea, Iran and Lebanon, to name a few – these people would fit right in. Of course, they would also lose almost all their freedoms.

Suddenly America wouldn’t look so bad to them after all. But they wouldn’t be able to come back, at least as far as I’m concerned.

Patriotic Display Will Be Back

The patriots in King County have decided not to take this travesty lying down. They are determined to rebuild the wall as a reminder of the price veterans have paid to keep America free.

They even established a Facebook page in honor of their efforts.

The new display might have to be in a different place. But like our flag at Fort McHenry following the Battle of Baltimore during the War of 1812, it will rise again.

And King County lawmakers had better hope that voters have a short memory. Otherwise, they may find themselves unemployed come next election day.

To your freedom,
Robert Boyd
Managing Editor, News4Patriots

PS: If interested here’s free drinks:

News4Patriots readers set to get “military super” drink free

and Gold sleeping. Explain to me why gold is not traded 2 out of 7 days.  just another way to control it

GOLD MARKET:

What about the gold market and gold stocks?

Did the same technical indicators show LOWS in gold prices and the XAU at the bottom of those markets in late 2015 and early 2016?

YES!  Use the RSI, MACD, and TDI.  Wait until they reach extreme lows and turn upward.  That happened in gold and the XAU in 2000, 2008, and 2015.  [Note:  Indicator lows were not as extreme as readings at stock market highs.]

Gold prices and the XAU have been moving upward since their bottom in 2015.  Expect more rapid moves as digital fiat currencies, global bond markets, and stock markets correct toward realistic values.

“What, Me Worry?” Markets——-By: Gary Christenson 

Mad Magazine introduced Alfred E. Neuman (What, Me Worry?) in the 1950s. He did NOT become a central banker. That is “fake news.”

Global central banks, including the Federal Reserve, created “What, Me Worry?” markets after the 2008 crash.  There has been little worry since the November election, until now. But the market worry level may have increased.  Changes between highs and lows in two days – until time of this writing:

Date                       Aug. 8                   Aug. 10

DOW                     22,179                  21,920

Gold                      1251.6                  1287.2

Consider the 50+ year chart of the Dow Jones Industrial Average.

Black line:  Nice move up.

Green Line:  Acceleration out of the nasty 2008 crash

Red line:  What, me worry? (Too far, too fast!)

In a world where markets are “managed” by “bots” or computer driven buy and sell programs, fundamentals hardly matter.  Human analysis is of little importance, and valuations are just numbers.  What matters is liquidity – flows of digital currency units into markets.

The central banks entered markets aggressively in 2008.  Stock markets also rose because of the Rise of the Machines – High Frequency Trading!

“Print” more dollars, euros, what-have-you, buy stocks and bonds to support the paper markets, and watch them fly to the moon.  What, me worry?  As long as the central banks print currencies, increase debt, levitate the markets and inspire confidence … the game continues.  But what happens when “the music stops?”  Russian sanctions and North Korean war tweets may puncture the confidence bubble.

http://news.goldseek.com/GoldSeek/1502457286.php

Yeee- HAAWWW…..

Everything looks fine so far….!   🙂

Good posts. Witness said protesters were attacking the white nationalist throwing feces, balloons filled with urine and bottles. One said objects were thrown at a car with a baby in it. The guy who ran over some of the protesters car was being attacked but they couldn’t verify that. That it was the left who started the violence. Nothing has been said about that or all the other things they coward down to like no whites allowed in colleges, on and on about racism violence blocking traffic or bigotry from the left. I don’t agree how they did it by wearing KKK outfits to argue about Robert E Lee since the point is the war was not about race but they were probably the only ones that had the guts to do it.

Your right on that.  The globalists Soros whoever don’t want stability they want chaos.

That was what they called a “white nationalist” rally. Course, if you’re white and say that “white lives matter” then you’re a racist. If you try to hold on to anything related to white heritage like the civil war – you’re a racist. The comedy of course is that the Civil War had really nothing to do with racism or slavery.

The so-called “white nationalists” were outnumbered at least 10-1 by the bussed in Soros Antifa, The violence as always started by the left.

The so-called “white nationalists” were armed and quite restrained. They should have been shooting those scumbags.

The Correct Venue is Charlottesville VA.  and it is NOT a GATED COMMUNITY ..the News Media made that up to make it appear that it WHITE  RACIST doing this ..Charlottesville is the HOME of THe University of Virginia   …Thomas Jeffersons University  and one of the most Liberal citys in Virginia …There is NO bigotry in Charlottesville ..Its a Media Event ..RACE BAITing at its worst  !  Then they provoked  Racist to come there like a FALSE FLAG EVENT   ..Its smell  like a SOROS financed event …a FALSE FLAG …

is here to stay !  Very volatile ..yes anything that threatens the Dollar  will be…. Now GOLD and BitC threaten it …and it wont stop until the Dollar is backed by Gold.

and the Tax Thieves are going nuts because BITC can evade them…..   The People will WIN…..especially when China and Russia  are Rival  Currencies that are both backed by GOLD.      The US has no CHOICE  but to back by GOLD or face destruction by BIT COINs……

is where the riots are because they tried to take down a Statue of Robert E LEE  the CIVIL WAR General ..because the Liberals and the current Liberal Governor  are trying to re write History for Virginia .Its not about bigotry at all ..thats been gone from Virginia years ago …This is a deliberate provocation by the LEFT to stir up trouble .Richmond was the Capital of the South and thats part of History theres no denying that ..They tried it in Richmond also..Its a deliberate attempt by Democrats ,communists and leftists to agitate where they think they have a chance to provoke !  Democrats have nothing else going for them except Race Baiting  …Thats all it is..  !  The Democrat Leftist Gouvernor is behind it !  They want to take down all statues RELATING TO THE CIVIL war and all the Generals that were from Virginia  like R.E.LEE and Stonewall Jackson ..and erase everything that happened ..its  the Civil War History REVISED ..So they provoke outsiders to come in with Right wing agendas to stir up trouble .Why did they attempt to take the Statues down  ? It was nothing more than RACE BAITING ..Its Amereicas History as well as Virginias.

Been watching the PGA Golf Championship today that is being held at Quayle Hallow.  A gated community that is located in the southeast section of Charlotte.  ZH has as their top story that 3 people have been killed including a police helicopter that crashed killing 2 officers having to do with protesters from 2 groups fighting it out. Weird stuff.

http://www.zerohedge.com

All avenues of reasonable investment choices will close, as they have been doing. There is nowhere to put your money, except gold.

But then: who’s buying it?

The answer, in the case of Italy, is the ECB and its Italian branch office, the Bank of Italy, where Italian bank deposits rose by €22 billion in June and €50 billion since the start of 2017. The ECB “overbought” Italian government debt in July with purchases of €9.6 billion — its highest monthly quota since quantitative easing began.

A report published in May by Astellon Capital revealed that since 2008, 88% of Italy’s government debt net issuance was acquired by the ECB and Italian Banks. At current government debt net issuance rates and announced QE levels, the ECB will have been responsible for financing 100% of Italy’s deficits from 2014 to 2019. That was before taking into account the current sell-down of Italian bonds by Italian banks.

What’s Keeping Italy’s Government Debt from Blowing Up?

by Wolf Richter • Aug 12, 2017 • 14 Comments

Are we blinded yet by the brilliance of corporate earnings?

“Adjusted” earnings growth is 10.2% year-over-year in the second quarter, according to FactSet, based on the 91% of the companies in the S&P 500 that have reported results. The energy sector was a key driver, with 332% “adjusted” earnings growth from the oil-bust levels of a year ago.

The sectors with double-digit earnings growth: information technology (14.7%), utilities (10.8%), and financials (10.3%). The rest were single digit. Earnings in the consumer discretionary sector declined.

Revenues grew 5.1%, also led by the energy sector. At the beginning of Q2 last year, the WTI grade of crude oil traded at $35 a barrel. In Q2 this year, WTI ranged from $42 to $53 a barrel.

So the Wall-Street hype machine is cranking at maximum RPM to propagate the great news that earnings are soaring, and that this is the reason why stocks should also be soaring, and forget everything else. The hype machine carefully avoids showing the bigger picture which is dismal for earnings and ludicrous for stock valuations.

Gold in the late 1970s: the chart pattern is eerily reminiscent of the one that has formed in BTC over the past few years. Of course, bubble patterns almost always display certain similarities, but they are particularly conspicuous in this case (if one zooms further out and includes the rally into the initial gold peak in 1974 and the subsequent mid-cycle correction into 1976, the similarities are even more striking – we will show such a longer-term comparison in an upcoming post) – click to enlarge.

the table-top at your coffee stop near “The Goosenecks” area.  The link below is a reminder of the varied uses of these nice purple bags, whether you accumulate the bags on your own over time or whether you buy the bags in re-purposed form from Amazon, like the quilt shown below.   Camping in semi-desert territory can be chilly at night but a Crown Royal quilt can give you a warm glow.  Cheers.   Equiz

The rotation from Bitcoin to physical assets, whether gold, silver, other metals or ammo, dry goods – whatever is actually real should- as you say- be phenomenal.

Those chasing the other cryptos will get burned just like the internet bubble, but hell, who knows? Maybe this stuff goes on for years?

What Bitcoin folks need to watch out for is the Gov’t/Corporate/Bankster entities not allowing Bitcoin to be a medium of exchange. I suspect the same will happen if gold ever gets reset to $10K.

Anything other than fiat will hopefully have an escape to the Black Market – although, I’d rather try to exchange G & S in the Black Market than Bitcoin…

workin on it boss! Working on it. That bitcoin don’t transfer with pigeons!

rno

Thanks for the picks…Traveling on Cmcl. divie 😉