Loading ...For someone who bases your bigoted comments to Richard on free speech you sure want to censure others. Free speech doesn’t mean freedom to personally attack others or without consequences. You have a different opinion about something post it.
Maya
Glad to see your power is still on.
My island downgraded to Tropical Storm Warning
14 inches of rain later…. whoopie. Honolulu still in danger.
Well lookie at that… I never contributed to GT or what ever that FGC incarnation was because I was censored there and here. A Canuck staunchly defending
- the First. Huh. Flag, a most respected poster told me to take a kike, oops sorry, hike, so I did.
I have been censured here for replying to R640 ideology. I vehemently disagree with his perspective and will continually shine a light on his hypocracy.
I didn’t draw his name out of a hat, I responded to his agenda. His agenda should have been the first point of censorship, not me. You want a fluffy site without calling out the devil in Humanity or pointing out his hypocritical hooker references to a niece, keep those blinders on. That is what (((they))) want.
I wish the best for true blue individuals here, maya, ipso, winedoc, BG, SnG, RNO and many others. Goldie, your posts still suck without prose, sorry.
JNUG bounce?
Probably more like another reverse split
From Murph tonight
The Real Reason The US Dollar Is About To Roll Over
By Graham Summers of Gains Pains & Capital Thursday, August 23, 2018 10:14 AM EDT
I’ve received a number of emails from readers asking me how I can be so certain that the USD will be dropping hard going forward.
The answer is simple… neither the US Government, not the US corporate sector can afford an extremely strong USD.
The Trump administration has proven itself to be Keynesian on steroids… and is planning to run $1 trillion deficits despite the roaring economy.
A strong USD would make this very difficult to do.
It would also have a highly negative impact on US corporations that derive nearly 50% of revenues from overseas. We are already seeing C-level executives discussing the negative impact on recent $USD strength during conference calls.
This happens any time the USD approaches the mid-90s… which we call “the line in the sand.” There is a reason we had an “earnings recession” in 2015-2016: it’s the fact the USD was in the upper -90s/ low 100s crushing profit margins.
Put simply, both the Government and the Corporate sector want the USD to roll over here and now.
So we expect the USD to roll over hard soon. But I want to be clear here… I’m calling for the USD in the mid-80s… not some full-scale collapse.
Why?
The Fed NEEDS the USD to remain strong enough to attract capital so the US can continue to fund its deficits and debt issuance… but not strong enough that it actively hurts the economy.
If the USD were to collapse rapidly it could cause a crisis of confidence in the currency. That is the LAST thing you want if you’re attempting to run $1 trillion deficits.
The long- term chart paints a nice picture for what I’m expecting. The USD has in fact been forming a series of lower lows since 2014. The next low will take us to the mid-’80s (see the red arrow).
That’s a heck of a “tell” from the markets. And it’s “telling” us that we’re about to see a major inflationary move as the $USD drops hard.
-END-
What silver shortage, Mr. Butler?
COMEX Silver Inventories also at New All-Time Highs
Hi Bill
COMEX open interest isn’t the only thing now at a new all-time high in the silver market; silver bullion stored at COMEX approved storage facilities is also at a new all- time high: 289.39 million ounces. The old high water mark in silver inventories was 283.73 million ounces in March 1992, as seen in the chart below.
When dealing with anything having to do with the CME’s precious metals exchanges I always keep the foot note seen at the bottom of its inventory report in mind.
Mark
The information in this report is taken from sources believed to be reliable; however the Commodity Exchange Inc. disclaims all liability whatsoever with regard to the accuracy of completeness. The report is produced for informational purposes only.
Foot note to CME’s Group Silver Inventory
What to make of it?…
*On the surface it is bearish, connoting excess supply.
*But so has been JP Morgan’s visible supply on the books. Theoretically, what JPM has on their books ought to be bullish, but it has been a noticeably bearish factor in the silver market for a long time.
*Did JP Morgan put physical supply on the Comex to aid their short futures trading?
*Is this all-time high silver inventory for real? The footnote above? How can the CME not verify what the Comex has?
Eeos 15:48
50,000 Maybe in South African currency the way their going.
https://coinmill.com/XAU_ZAR.html#XAU=1
eeos
me too. Impeccable timing.
jnug down 93 % from 2016 sept high in Two Years !
maybe its time for a TURN ?
Jim Sinclair
Oh man I hate it when Jim Sinclair weighs in. Seriously gym $50,000 gold no effing way. Now we’re probably open to $500 gold we’re going to get flushed like crazy. I’m very suspect of this rich old fart. I’m not even sure which team he really cheers for.
Powell’s Speech Title Mirrors 1998 Paper Reflecting Same Debate
Parts:
Wind back the clock 20 years, and the U.S. economy looked a lot like it does today.
Unemployment in May 1998 was 4.3 percent and core inflation was 2.2 percent. Economists were trying hard to figure out why such low unemployment hadn’t led to higher inflation, as predicted by the past.
The theme of this year’s Jackson Hole confab sounds eerily similar to that of the 1998 conference. Two decades later, policy makers will still be discussing “dynamics,
But the problem facing Fed officials is that even though unemployment is at the lowest levels in nearly 20 years, inflation isn’t showing many signs of a pickup.
Comment:
What’s the mystery?? Are they that lame? From 1945 to 1975 we had 50% unemployed. The woman weren’t in the workforce? And we made every thing here, and the minimum wage had a lot of buying power.
Rockefeller mentioned half the population (woman) was not paying taxes. Meanwhile their husbands were paying plenty because the salaries were high. One breadwinner per household.
So now the private sector small business boss gets “two employees for the price of one”. Both work, no time to go anywhere, and no excess money to spend to create inflation. Besides all that, if the wages of the masses are generally lower than need be, even with 100% employed, its the same as many unemployed.
BABA has given up an 8 buck earnings gain and is down 1.45-very ominous-time to secure the hurricane shutters! it’s THEE canary in the coal mine.
The end is nigh, brother, the end is nigh!
World markets are like a pie crust stretched across the roof of a volcano!
Fu Manchu is about to pull the lever to the trap door!
Warbucks signals the trusty Punjab to cut the cords of the rope bridge!
Grease the skids! Happy tobogganing!
Why I am perfectly happy to hold my puts on bank stocks–if not this year then next…
ponziworld.blogspot.com
Remember back in ’06-’07 when the Fed raised rates 17 times in a row until everything imploded? Good times. Well this time they’re taking their time. Which means they’re behind the yield curve on implosion. The “good news” is they’re catching up…
According to the Fed’s own minutes released yesterday, the housing market is already imploding due to higher interest rates (and other factors). So what they plan to do is raise rates 3 or 4 more times in order to confirm.
FOMC Meeting Minutes from August 1, 2018:
“In contrast to other sectors, residential construction activity appeared to have softened somewhat, possibly reflecting declining home affordability, higher mortgage rates, scarcity of available lots in certain cities, and delays in building approvals.”
Today:
“WASHINGTON, (Reuters) – Sales of new U.S. single-family homes unexpectedly fell in July to a nine-month low in a sign the housing market was cooling and could give less support to the overall economy.”
Also today:
Late last week of course we learned that consumer sentiment is the lowest since last September.
All of which can only mean one thing:
“Overall, the shape of the curve suggests to me we are ‘late’ in the economic cycle,” Kaplan said.
Speaking of holy fuck, the Fed IS the yield curve. They are pushing the front-end up, which is pushing long rates down.
“Hurry up, we’re behind the curve”
