Loading ...and the USD falling – that’s interesting. 1970’s type of stuff….
Maddog
Maybe it’s my normal irrational exuberance kicking in but today feels a little different. probably because of the shares. As you say, this whole sector is so ridiculously undervalued like nothing else in the markets.
Scum still has it’s 1-2% rule in place for the metals, but we certainly have a long way to go especially in the shares if the metals get going.
Buygold
Agree stunning indeed….though a lot of inflation talk around, which is about all the SM has left to fuel it, plus smart money knows, come the next sell off/recession, they can only print and they will.
Plus prices are sub bargain basement in this sector..
Or as I have just seen TSLA on it’s arse and NEM flying, just maybe we have re-entered the real world !!!!
$ 1350 about to tested….
Higher inflation and they can’t raise rates aggressively without destroying the economy and wiping out the pension funds.
Looks like the sweet spot for gold.
Alex Valdor @ 10:38
That’s a very sad story. You have my sympathies.
I think if it was me I would have gotten some payback on that hospital … but like you said it’s not really going to change anything.
Wow
Stunning turn of events.
PM shares look like the old days for a change.
Trader Rog from Murph’s site left some serious money on the table.
I guess R640 has it right – if we ever rally it comes out of nowhere.
R640 re: your 9:00 – I can personally attest to that
You met my late wife in (2004?) -we were traveling and met you in White Plains for a meal , before continuing our journey into New England . A very beautiful , intelligent and charismatic woman !
She was killed by inattention while in ICU . She had had a mechanical valve implanted several years earlier and was on blood thinners ( Coumadin ) . Then had a minor heart attack years later . She was rushed to ER and a blockage was found , so they did a balloon angioplasty later that afternoon , and put her on heparin . I left her that evening in good spirits as they were closing the ICU to visitors. Unfortunately , in snaking the device up to her heart , they had torn a small hole in the wall of a blood vessel in her abdomen , so she was leaking blood into her abdominal cavity .
Even though she was on full electronic monitoring , and had a dedicated nurse caring for only two patients in ICU , no one noticed her blood pressure falling until she went into cardiac arrest around 2:00 am. It took an hour to get her heart going again ( after transfusions ). By that time , brain damage , liver damage , and kidney damage were extreme . She died a day later , severely jaundiced .
I did not sue , because no amount of money would bring her back .
Re US Dollar Nice Day Today
It looks like the dopey/price dopey/dollar bulls had a good two hours and then got smacked back down.
https://www.finviz.com/futures_charts.ashx?t=CURRENCIES&p=h1
Maddog
Must be Karmic retribution. Obbumer and Michelle both will send terrible paintings into posterity. “Paint by numbers” comes to mind.
Anyone stopped out by the scum on the figs, has to be so pissed as of now
and rightly so…what criminals.
Re Crashing Energy Prices
Have any of you noticed in only three weeks the crazy sudden drop with energy prices? This is clear sign of the Feds accumulation of error,
because the Fed keeps changing the dollars value, which in turn distorts supplies, depending on the price. High prices in the past caused more supply, and more supply causes lower prices.
ipso facto
Re Obummer
I can’t believe I read that…..After the Rev Right, now this…what sort of sick cretin is Obummer.
As they say if Trump did the same….
Still, looks like he will fit in well at Gitmo.
Gold recovers all the smash and more…yet the 6 yr old Algo Quants sell PM shares
because they have found a positive corellation to the S&P, that is all of 1 nanosecond long ……grrrrrrrrr
LOL … overspray?
Did The Bigot Who “Painted” Obama’s Portrait Stick A Giant Sperm On His Forehead?
Surprisingly
PM’s are flat, hints of stagflation are in the air. I don’t expect them to allow pm’s to rise on that kind of news, especially with the USD so strong and rates rising a little, but flat would be a victory if we can avoid anymore fat fingers.
That dump this am on the news in a millisecond was significant, guessing a billion notional…
R640 – when you see numbers of people dying like that it makes me realize just how insignificant we are and ultimately how insignificant death is. Why are we so afraid of dying?
Modern Medicine Is the Third Leading Cause of Death
Doctors (not to mention drug companies) may bemoan the lack of trust and faith in their offerings, but you certainly cannot claim that it’s an undeserved trend. In 2000, Dr. Barbara Starfield published a study revealing that doctors are in fact the third leading cause of death in the U.S., killing an estimated 225,000 patients annually.17 Her statistics showed that each year:
- 12,000 die from unnecessary surgery
- 7,000 die from medication errors in hospitals
- 20,000 die from other errors in hospitals
- 80,000 die from hospital-acquired infections
- 106,000 die from the negative side effects of drugs taken as prescribed
Unfortunately, few believed it, and no affirmative action was ever taken to address and correct the situation. So, when new data was published in 2016, showing the situation has only gotten worse, I for one was not surprised.
The study,18 published in the BMJ, concluded that medical errors now kill an estimated 250,000 Americans each year — an increase of about 25,000 people annually from Starfield’s estimates — and these numbers may still be vastly underestimated as deaths occurring at home or in nursing homes were not included.
Many media outlets, including The Washington Post,19 bore headlines saying medical errors are “now” the leading cause of death, but the truth is, modern medicine has been the third leading cause of death for at least two decades, that we know of. Research20published in 2013 estimated that preventable hospital errors kill 210,000 Americans each year — a figure that is very close to the latest statistics.
However, when deaths related to diagnostic errors, errors of omission and failure to follow guidelines were included, the number skyrocketed to 440,000 preventable hospital deaths each year. That’s inching ever closer to the death toll from cancer — the second leading cause of death in the U.S. — which is projected to claim just over 609,000 Americans this year.21
Overtesting, Overtreatment and Hospital-Acquired Infections Also Take a Toll
Look fat fingers in NYC again
the turds will never give up
no idea what the actual figs were
but why worry…obviously a huge CPI as bonds and SM have cratered, so that means smash PM’s as soon as the figs were announced…no need to actualy read them….just sell…because eventualy buyers will enter….but that has to be discouraged.
Free mkts my arse.
Eco data
CPI came out hotter than expected up 0.5% v. est 0.4%
Retail sales missed down 0.3 v. est up 0.2
Inflation is bad for gold and silver but great for the USD
Just another day starting…