Still showing higher lows from December 2015. THE TREND IS STILL UP !!!

rno

FANGMAN Stocks Are Not a Bubble, Pleads Goldman Sachs

Wells Fargo Profits Plummet Amid Fraud Scandals And Competition

Trader sees trouble brewing for the financials  3:02 PM ET Tue, 5 June 2018 | 03:23

https://www.cnbc.com/2018/06/05/banks-are-on-the-brink-of-cracking-a-critical-level.html

Ironically, the sectors that Trump has “helped” the most via deregulation are performing the worst:

“The chart of the financials has reached a very precarious level, according to TradingAnalysis.com founder Todd Gordon.”

http://ponziworld.blogspot.com

Enter Europe into the escalating contest for supremacy in the South China Sea.

In what could be a seismic shift, France and the United Kingdom (UK) have indicated their commitment to prevent any single nation, namely China, from dominating a vital sea line through which over US$5 trillion of trade travels every year.

http://www.atimes.com/article/europe-lends-america-muscle-in-south-china-sea/?cn-reloaded=1

We never came out of recession . When 100,000,000 Americans aren’t working and are no longer counted as unemployed how can there be a recovery ? The Federal Reserve printing presses did all the magic q-eternity and now the end is near. Crash and burn baby !

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All of the bears are right, fundamentally, but the fundamentals matter only when people are scared. We need a catalyst that spooks the complacency. When it happens this will get very ugly with very little notice, and the buy the dippers are going to get castrated and there might be blood in the streets – it will be awful

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Until the monetary system collapses, and judging by what is happening in the emerging markets (32% of world GDP, 44% of world trade) that is not going to be very long. Turkey, Brazil, Argentina, Venezuela, South Africa, Mexico, and most of the ME are already experiencing it. The developed economies will suck the wealth out of the rest of world, and then die. It is the cannibalization process that we projected would take place 6 years ago, and it is happening right now!

“There is an old saying in mining that you shouldn’t invest in a country if they don’t wear winter jackets”

Ian Ball writes a letter to shareholders…………………this is how I like to treated as a shareholder and the share count is still declining.

http://www.abitibiroyalties.com/investors/letter-to-shareholders/may182018/

Your really on a roll lately. Hope it’s paying off for you. I’m looking at this whole thing like we’re in a house of cards that is about to collapse but just don’t know when. Looks like calif gonna get pretty ugly too. There voting in the same pos including Waters. Feinstein had no known competitors and Pan not in my district competitors don’t look so hopeful. Now we’re gonna have DAs and Senators calling their 1st 2nd and 3 rd cousins in Mexico to come over we’re in power now and direct them to fake IDs while their at it lol

“Larry Kudlow labels this the ‘prosperity era’. Rather, it is the mother of all credit expansions. The debt bubble this cycle makes a mockery of 2003-07. We know how these end. Only pigs wait for the peak.” … David Rosenberg

https://www.huffingtonpost.com/entry/aaron-persky-brock-turner-judge-recalled_us_5b102d65e4b05ef4c22c1b8b

—the tidal energy of the market sloshes around from sector to sector…the water never leaves the pool…t’is awesome…we are on a permanent plateau of prosperity etc

The road to prosperity is paved with fiscal profligacy
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The road to pauperdom is paved with fiscal rectitude

Another 11,714 June 15th SLV $16 calls bought today [12,000 bought yesterday]–open interest is 44,761–incredible! eom….over and out!

news item because I deal solely with a local dealer.  But I just wanted to say how good it is to have a fellow-Cannuck still posting here from time to time.  Best wishes from this coast to your coast.  Equiz

This was from last year if applies going in blind lol
https://www.google.com/amp/s/amp.ft.com/content/4cb73a06-b3dd-11e7-a398-73d59db9e399

You know more about this place but see if this helps. Read another story involving laundering by a US refinery from South America they had problems put it up for sale back when.
https://www.google.com/amp/s/www.yahoo.com/amphtml/finance/news/exclusive-scotiabank-reworks-scotiamocatta-metals-142746034.html

Back to Kitco I go,  I guess

Scotia had little bit of a premium over Kitco,  but was safe secure and reliable

Any Canucks care to comment ??  Or anyone else for that matter  🙂

Winedoc

Quite a few republicans held their own in pocket areas but for the most part these poc getting in or staying in will just get worse. I can see more people leaving.

same shit, different day

Or Saudi Arabia so why don’t these countries get involved? Cutting off supplies it a pretty serious thing for the people there.

I think we all need to brainwash ourselves, to think, when we hear the words US or USA, we need to think Big Businesses, Europe and Israel. For example Headline S/B……

Big Businesses, Europe and Israel Debating Whether To Expand Military Presence In Yemen, via USA. 

Yep. USD getting spanked, gold up a whopping $4, silver looks better but you can see the scum starting to come after it already – no doubt intending to push it back below a 1% gain.

Shares look like crap. Another day in the swamp

Gold takes out $1300 and Nem keeps falling….down 0.4 % !!!!!!!

The barstewards never rest.

South Africa’s economy contracts most in nine years on mines

(Bloomberg) — South Africa’s economy contracted the most in nine years in the first quarter of 2018 as mining and factory output fell.

Gross domestic product shrank an annualized 2.2 percent in the first quarter of the year compared with the prior three months, Statistics South Africa said in a report released Tuesday in the capital, Pretoria. However, when measured against the first quarter of 2017, the economy expanded 0.8 percent.

South Africa’s economy contracts most in nine years on mines