Loading ...Stock futures tonight could barely print green…any jobs report inspired rally tomorrow is probably a sale…bulls on Wall St and the kids on CNBCs’ Fast Money [the pony tail twins]. are about to be like those:
amals, I learned to teach golf from a Vegas pro who taught the Smothers Bros, Gerald Ford and many other Brothers
Man was he a piece of work
edit, I was almost hit by Gerald Ford at the Bob Hope Classic in the mid 90’s, just like everybody else in the Gallery. Lesson here is, my teacher wasn’t that good. Ford lived at Thunderbird, I was lucky enough to be invited to play at Eldorado next door to him.
From Murph tonight
Bill,
The Working Groups no doubt had their gold and silver phaser guns set to stun. On a day like today they definitely have their work cut out. Woeful trade deficits, extreme China agitation, a slumping economy, and a gaggle of other gold-friendly goings-on highlight the news for today. Of course that’s the perfect recipe for a total lockdown, and a gold/silver coma. It’s taken over 150k of gold contracts by 9:45 am just to elevate gold back up over $1240- barely. Silver is getting its usual monkey-hammer job, and is already in its coma for the day.
The OI’s for gold and silver continue to slide down to much lower levels. One has to wonder if it is Deutsche related, or Deutsche counterparty related, or even cartel members seeing the handwriting on the wall. Such sudden exodus from the Crimex is virtually never seen, and portends a shift in crony sentiment. While mass exoduses for the exit usually result in piled up bodies and mayhem I’m still amazed how nearly 160,000 Comex gold shorts escaped so quickly unscathed. Just another “anomaly” no MSM reporter will ever get near.
If gold withstands, or can even rally on tomorrow’s NFP we may be in business. By all accounts it should be one of the more ugly NFP’s of the Trump era. I can attest to the chill in the housing market. Lumber futures crashing 50% in short order is another clue we might not be in Pollyannaville any longer. Next stop: CTRL-P, and QEfinity4.2?
James Mc
mm3 @ 20:17
Ah, Grace Slick; an adolescent crush. Beautiful, sexy woman and incredible pipes. White Rabbit, esp. studio version, is as good an example as any.
I wondered for a while with these OD’s whether China was conducting one of two reverse Opium wars…
Especially if they could own all the real estate of their targets…
San Francisco included.
An outside theory, as evidenced by lack of stipulating charges, involves the Chinese fentanyl importation that is wrecking North America. Even the Mexican pipeline comes from China, by UPS.
The only way this goes down without nukes flying is if Xi agreed to the take down for trade/corruption benefits.
Canada would be a willing participant in said takedown to solve the Vancouver real estate money launder and OD epidemic…
The Wangzhou arrest debating when world leaders knew about it WRT the G20 dinner is BS. They all knew. She would have at least 2, if not 4 Bruce Lee types protecting her.
It would take one call from the LT upon arrest before Xi knew 15 minutes later on Dec 1.
Well it appears ole DJmm has a cornucopia of music imitates life. I see you all rolling your eyes so I will try to limit selections.
The Canucks arresting Meng, I don’t think Xi will ever have dinner with Trump again after the chocolate cake tomahawk and now this…
ipso that 3B7A, the A is my country identifier, eh
For commish, 322, 3×2=6, two more times, 666
Alternately, 3×2=6, squared=36, or 3 sixes
This is as easy peasy as astrology…
MM
Just kidding. 🙂
MM
Your NSA number is 3B7A-56197-2.
Good article found at IKN on the perils of passive ETFs
As a mining banker I observe, on a daily basis, the corner of the market where these effects are most acute. Mining has absolutely no cyclical capital coming into it at the moment to paper over the cracks, so I’m left staring at the bare wreckage created by an absence of capital that is primarily due to the structural inefficiencies in the markets. And make no mistake about it, these structural inefficiencies are being caused by passive funds and ETF’s.
The succinct explanation as to why we should all be concerned, mining investment bankers or not, is as follows; If the dominance of passive funds and ETFs is followed to its logical conclusion, there is no need for a stock market.
Why? Because the biggest impact that ETFs and passive funds are having, invisible to most market observers (and especially those who don’t care about mining), is that the primary market for mining companies has been obliterated. While the secondary market seems superficially healthy, the new issue market is dead. A company with a good project, sensible capital structure and a a competent management team used to walk up and down Bay St before collecting a modest capital infusion for a drill program of merit, but there is now barely anyone left to write a cheque for them. And that is only partially due to the decline in the number of people willing to invest in mining, but everything to do with the fact that when ETFs take your capital, they don’t invest it in the primary market. If all of the capital willing to invest in mining is domiciled in ETFs, not a dime of new issue paper would ever get issued again.
continues https://incakolanews.blogspot.com/
All In The Family
When George H W Bush flight from Texas landed at Andrews AFB for the last time it arrive at 3:22 PM EST.
This is gold bullish…but as always…will it matter?
Something notable took place during today’s auction of $40 billion in 4-Week Treasury bills: the yield at which they sold, which came at 2.365%, was the same yield as the 3-Month Bills issued just three days ago, on Monday, Dec 3, confirming that the market is starting to price out an expectation for a hike during the March meeting.
Another place to watch the collapse of the Fed’s credibility, and dot plot implied forecasting skills, is the collapse in 5 and 10 Year breakeven rates, which are plunging today – largely on the back of the drop in oil – and dragging Treasury yields to levels not seen since the late summer. Here a bigger problem for the Fed is that with the five-year inflation rate expectation dropping to just 1.70%…
… the Fed may be cornered as any hopes of inflating away the debt are fading with inflation expectations once again getting “unanchored” this time to the downside, leaving Powell with just one option: to once again start monetizing the deficit, i.e. prepare for QE4 some time in late 2019 or early 2020.
Maddog @ 15:17
Good to know. Thanks! Too bad Trudeau isn’t!!
silverngold
That picture of Trudeau is with Sikhs, some of the finest people on the planet…..
Moggy SNG
Thank you Moggy it is about man or leaders.
SNG
Here’s part of a discussion on 666.
This refers to King Solomon who received 666 in talents a year. Some Bibles use tons or pounds.
All about interpreting and as time goes by meaning gets lost.
Like some can argue in Matthew it talks about two people standing in a field one is taken the other left behind. Some interpret it as taken by God but in those times it was talking about the field and crops taken to market.
Topic 666
If we look back at the law for kings in Deuteronomy 17, It prohibits the king from multiplying horses and chariots, wives, and wealth. This is exactly what Solomon is doing in 1 Kings 10-11. Chapter ten begins by commending his great wisdom, but then steps through his decline – that is, he begins violating the rules for kings by multiplying gold (666 talents a year), multiplying horses and chariots, and finally multiplying wives who turn his heart away from following Yahweh. He sets up centers of false worship for all the foreign gods of his wives. So, the number 666 is associated with Solomon in his fall, his abuse of power, and his turning away from true worship of Yahweh.
https://hermeneutics.stackexchange.com/questions/5829/significance-of-solomons-666-talents-of-gold
Moggy, thanks for the words of wisdom.
Some things are done out of fear, but other things are done to expand a few minds; expose them to fresh air. I don’t pretend to have any answers; only more questions.