it’s happening here and now.  the pace may vary from one country to another, but the whole world is inflating

in 1998, i was doing quite a bit of traveling in my work, and eating a lot of junk food.

two everyday commodities that are a rule of thumb for me, regular unleaded gasoline and burger king whoppers.  there may be more scientific ways to gauge inflation, but these two work for me to get a quick and dirty reading.

1998:  gasoline a little under a dollar a gallon – whoppers, 99 cents.

fast forward to

2018:  gasoline $2.79 a gallon, and whoppers are on special, two for six bucks.

that’s roughly a triple in twenty years right here in the good old u. s. of a.

The Commitment of Traders Report

Silver

*The large specs decreased their long positions by 1,071 contracts and reduced their shorts by 2,958 contracts.

*The commercials reduced their longs by 993 contracts and increased their shorts by 2,547 contracts.

*The small specs increased their longs by 1,532 contracts and reduced their shorts by 212 contracts.

Gold

*The large specs reduced their long positions by 570 contracts and increased their shorts by 2,684 contracts.

*The commercials increased their longs by 2,101 contracts and increased their shorts by 423 contracts.

*The small specs reduced their longs by 3,998 contracts and decreased their shorts by 5,574 contracts.

I know where I would be keeping my money if I was living in Russia 😉  Gold +90%  in 5 years.

Current inflation in Russia 2-3% per year.

It will happen in the west one day ( maybe not in my life time )

@ Richard640

Just maybe the vehicle/tanks should be painted white 🙂

GT

For one, real estate prices are too high compared to wages. Raising rates to calm it down, might pop the bubble. NOT raising rates will make the bubbles continue to get bigger. But consumer borrow rates need to stay low to encourage spending, buying of cars and homes.

Houses should not be investment thing, just a consumer product. Thank God food is not an investment vehicle. Imagine if it was possible to invest all your savings in food? Hording food? Buying more than you need? I see that with real estate.

The excess saving or investment funds are SUPPOSED to go to Gold and Silver. It won’t matter to, or hurt consumers, no matter how high AU and AG get. The only people hurt by higher AU and AG would be jewelers, and jewelry consumers. And who cares about them? They’ll have to adjust.

Silver going the wrong way although not by much.

Gold going the right way, although I’m sure those fresh longs were dumped on the market this am in two minutes.

https://www.cftc.gov/dea/futures/deacmxlf.htm

No way to win this game…

Fed meeting next week means more pain ahead.

If Trump was King Rosenstein would be walking around headless! 🙂

“Week after week, month after month”

Yep, the only difference between you and me is that I’m working again after being retired for 17 years.

This is a ruinous sector.

Gains from earlier in the week…poof, gone.

Rosenstein Proposed Secretly Recording Trump, Invoking 25th Amendment

https://www.zerohedge.com/news/2018-09-21/rosenstein-suggested-secretly-record-trump-discussed-25th-amendment

Why the hell are all these people wandering around free…just what does a Swamp Dweller have to do, to get prosecuted?????

Then we have the totally rigged mkts…which are not mkts at all, just mirages of reality.

Before I retired , I got to bed at 10 pm , got up at 6:30 after a good night’s sleep , was in the office around 8 am got off at 5 pm , did my yard chores on Saturday , and my wife and I would go for a long drive in the country and the mountains on Sunday .

Now it seems like I often work on things around home , read , catch up on things at the ‘Oasis’ until close to midnight , and am up at 4 again , wide eyed for a couple of hours , watching the Asian markets . etc. until I can get back to sleep around 6 for another two or three hours of sleep , getting up in time to see what damage has been done by Crimex . Week after Week after month ….and the To Do list keeps getting longer .

At least in FL I don’t have to shovel snow !

Maybe they will lead Gold and Silver on this next leg up.

https://finviz.com/futures_charts.ashx?t=METALS&p=w1

https://finviz.com/futures_performance.ashx?v=12

The long term view from the late 2015 lows. Gold still higher. Silver looks like no gain since.

https://finviz.com/futures_charts.ashx?t=METALS&p=m1

http://www.gowebcasting.com/conferences/2018/09/20/precious-metals-summit/day/1

i’ve been developing a secondary career this week.  riding lawn mower mechanic.  i’ve spent waaaay too much time this week with wrenches in my hands.

fix obvious problem.

next day, problem recurs, find underlying problem, fix it, refix first problem.

next day, problem recurs, find problem underlying primary underlying problem,  (a nut vibrated loose.) fix it, refix primary underlying problem, refix first problem.

ad tedium

Sessions refuses to change the schedule on MJ I’m guessing the swamp is making too much money off confiscated drugs and money.
To make it worse parents treating their kids with the less toxic Cannabis for seizures are getting their children taken away and then given the more dangerous drugs like phenobarbital.
To make it worse they will charge a exorbitant price to get it legally some day. I’m guessing part of the reason why people can see it may eventually be recognized as having medical benefits and of course they’ll crank the price up of this weed you can grow in your yard for free.

First Marijuana-Derived Prescription Drug Will Cost $32500 a Year
http://healthcureusa.com/2018/09/18/first-marijuana-derived-prescription-drug-will-cost-32500-a-year/

Gold Flash-Crashes Below $1200, Over A Billion Notional Puked In 1 Minute

“Someone had a lot to sell and wasn’t clever about it,”

but no way will they let gold off the floor. Every time it gains a couple bucks another two second dump knocks it right back down.

Central banks’ demand for gold reached a three year high, rising 8% during the first half of 2018 compared to the same period last year, according to a World Gold Council market update on central bank buying activity released today.

Data reveals that 2018 H1 marks the strongest year for central bank gold buying since 2015 ­– a total of 193.3 tonnes of gold have been added to central bank reserves so far, compared to 178.6 tonnes during the same period in 2017.

Emerging market central banks have played a key role, with Russia, Turkey and Kazakhstan accounting for 86% of central bank purchases in the first half of 2018.

cont. http://www.mining.com/central-bank-demand-gold-reaches-3-year-high/

It’s a never-ending nightmare what a bunch of crap. Just retesting the 1200 level for the 100th time. Smells like bullshite and dead fish to me

Beijing has threatened that Washington will face “consequences” if it doesn’t withdraw the recent batch of sanctions against China over military cooperation with Russia.

China’s Foreign Ministry did not mince words, saying Washington should immediately correct its “mistakes” before it’s too late or face the consequences for the decision.

“We strongly call on the US to remedy the mistake and cancel the sanctions. Otherwise, the US has to bear the consequences,” spokesperson Geng Shuang said as cited by Chinese media.

https://www.rt.com/news/439005-china-sanctions-military-us/

nice little rebound going on.  you can’t keep a good puppy down!

getting back to its roots  …The Coca  as in Cocaine is no longer mentioned in Polite company ..So Coca Cola has decided to keep upwith the TIMES and incorporate Marijuana into their drinks assortment .Out with the Cocaine affiliation and in with the acceptable Marijuana drinks   ..its the new image  thats ok with the Millennials .

Next thing they will say is “we do it for the children”.

Coca-Cola is considering a move into the growing market for cannabis-infused drinks.

Coke said in a statement Monday that it is “closely watching” the growth of CBD, a non-psychoactive component in marijuana, as an ingredient in what it called functional wellness beverages.

“The space is evolving quickly,” Coke (KO) said. “No decisions have been made at this time.”

CBD, which does not produce a high for the user, has been used for medical purposes, including easing inflammation, pain and nausea.

Coke’s interest was first reported by Bloomberg, which said the company was in talks with Aurora Cannabis, a Canadian cannabis company. Aurora has also expressed interest in cannabis drinks. Neither would comment on a possible deal.

“There is so much happening in this area right now and we think it has incredible potential,” said Aurora spokesperson Heather MacGregor. “Stories like this are further validation of the massive global potential of the cannabis industry.”

Constellation Brands(STZ), the maker of Corona beer, Svedka vodka and Casa Noble tequila, announced last month that it is investing an additional $4 billion in the Canadian cannabis company Canopy Growth (CGC).

A number of Canadian cannabis companies, including Cronos (CRON) and MedMen Enterprises (MMNFF), now trade on US stock exchanges, and some American companies have taken stakes.

And Lagunitas, a craft beer label of brewing giant Heineken (HEINY), already has a drink infused with THC, marijuana’s active ingredient, which does produce a high. It can be purchased at marijuana dispensaries in California.

Both cannabis and CBD are still illegal in the United States under federal law, even though a number of states have legalized marijuana. But the prohibition against CBD is not strictly enforced. There are third-party sellers offering CBD-based products on Amazon (AMZN), for example.

LOL Thanks for the yucks! 🙂

They definitely needed gold below $1200 for “quadruple witching” today in the US

No doubt the tell yesterday was the USD getting crushed and pm’s going nowhere.

If I hadn’t held this stuff for so long all thru the terrible last 7 years, I would never touch it.

Funny how options expiration always smashes pm’s but never has any effect on anything else in the markets.

and this is a buying opp.—we may never see these low prices again for PM stocks and bullion  in our lifetimes…the dollar was down .650 yesterday and produced a mere 3.50 gain in gold–the $’s up .380 and we get a 14.20 drop–using these numbers, gold should have been up $25 yesterday…