Loading ...This is a helluva good day so far.
Time to take a little off the table or let it ride?
Spot trying to tap $1300
treefrog
Cactus patch? 🙂
I don’t invest in SA. I think it’s on a long slide to Zimbabweization.
I doubt the strike talk would cause such a gold jump, since it’s just a possibility at this point … couldn’t hurt though.
ipso,
if the south african unions do strike, and stay on strike a while, that will impact the supply of gold. all other things being equal, a drop in supply means a rise in price.
puh-leeeze don’t throw me in that briar patch!!
More troubles in SA
Amcu threatens to shutdown mining operations
RUSTENBURG – The Association of Mineworkers and Construction Union (Amcu) has threatened to shut down all mining houses represented in the Minerals Council of SA, if its demands are not met by Thursday.
Union members marched to the Mineral Council of SA on Tuesday to hand over a list of demands and union boss Joseph Mathunjwa called on the mining council to intervene in the situation.
“We demand that the Minerals Council plays a facilitatory role to ensure that Sibanye-Stillwater departs from their hard-headed stance – for the sake of the mining sector and for the sake of the country.
“We hereby give you forty-eight hours to respond to our demands, failing which we shall intensify our campaign of secondary strikes at the mining houses
represented in the Minerals Council,” Mathunjwa said in a memorandum.
“We are marching in solidarity with our comrades who have been on protected industrial action at the gold operations of Sibanye-Stillwater at Beatrix, Kloof and Driefontein.
JNUG
Great move up so far today!
rno
I imagine this is what goosed gold
Fed Considering Earlier End To Quantitative Tightening
https://www.zerohedge.com/news/2019-01-25/fed-could-end-balance-sheet-runoff-sooner-expected-wsj
and China too
China Quietly Announces Quasi QE To “Keep Ponzi Scheme Afloat”
https://www.zerohedge.com/news/2019-01-25/china-quietly-announces-quasi-qe-keep-ponzi-scheme-afloat
Some days waking up is easier
Wooo Hooo!!! 🙂
Paper assets surging today-so it’s. safe to. allow gold a gain–are we seeing the “everything bubble”. starting to. reinflate?
Even Europe, wots. go its ass in a. sling, is green today…
Stop shrinking the balance sheet, reverse course on interest rates, and weaken the USD – should be bullish for pm’s – bigly
https://www.zerohedge.com/news/2019-01-25/fed-could-end-balance-sheet-runoff-sooner-expected-wsj
Snip:
But according to WSJ, the Fed now expects the runoff to end much sooner, though the paper hedged that many policy makers still “don’t understand why the market has placed so much emphasis on the balance sheet lately.” When Esther George surprised markets by calling for a pause on rate hikes, she added that it’s “unclear” whether the balance sheet shrinkage had accomplished much in the way of removing accommodation.
Apparently to the residents of the Marriner Eccles building, inflating the balance sheet is a major market stimulative effect, but its shrinkage should somehow be ignored by the market. And these are the people who set the price of money for the world’s biggest economy…
Whether Powell offers a similar take during the press conference after next week’s meeting will depend on the conversations that take place during the meeting. According to WSJ, the internal debate over the proper size of the balance sheet has focused on the necessary level of reserves in the banking system. Some believe that holding a large amount in reserve would help the Fed better control volatility in short-term credit markets.
Regardless of where the runoff ends, Lorie Logan, one of the officials responsible for managing the portfolio and an executive at the New York Fed, said in a speech last May that she saw “virtually no chance of going back to the precrisis balance sheet size”, which of course is logical: by 2020 there will be roughly $2 trillion in currency in circulation (and rising) which will be the new floor of the Fed’s balance sheet. Ultimately, the Fed hopes to dump practically all of the MBS it accumulated during QE and shift toward a portfolio consisting almost exclusively of Treasurys.
“The conversation is really about the relative amount of reserves,” she said.
This is a concept that many analysts believe isn’t well-understood by investors.
The idea that the Fed won’t return to its precrisis balance sheet size isn’t well appreciated by some stock investors, creating one potential source of market confusion, said Tom Porcelli, chief U.S. economist at RBC Capital Markets. “Equity investors think the runoff is going to continue in perpetuity,” he said.
Well, no. As we discussed last week, investors are only doing what they did during QE and POMO days, only in reverse, and on days when the Fed withdraws liquidity, the market drops, in what JPM’s Marko Kolanovic explained recently has become a self-fulfilling prophecy.
Ultimately, the WSJ report could just be a trial balloon to see how markets – and maybe the president – react to signs of a more dovish take to shrinking the balance sheet. If it works, that should tell markets – and the Fed – everything they need to know. and so far, futures are solidly in the green…
Slow and steady move up, not a rip your face off rally but good strength
Maybe the sun will shine on pm’s today?
Going to try to open higher
USD drifting lazily lower.
Gold up the patented $3, silver a nickel
Shares are compliant so far. We’ll see what happens…
Mexicans for Trump
Must watch, from the inside. Mexican American covering the caravan. Mexicans stopping a bus. She says they’re getting checks and Soros involved. She pointed out a woman there working for a Soros.
They’re starting to have the same problems. In another video she said a Fed Jusge stopping them from videoing them and more. She said they now have more rights than the citizens of TJ. Wonder if Soros got them in his pocket too.
Soros should be charged for human trafficking.
Keeping tabs on the left. Rashida Tlaib up to something
Dear MoveOn member,
I am a proud woman, mother, Muslim, and Palestinian-American, and I have dedicated my life to fighting for justice. And now, thanks in no small part to the work of MoveOn members this past election year, I am also a congresswoman from Detroit.
People like me don’t usually run for Congress—let alone win. I’m the person who carries a bullhorn to a rally. And you can bet that I’m going to do things differently, as I fight day in and day out for working people and communities.
“My name” , I’m writing to you today—on the 34th day of the government shutdown—because we need to rise up, together, to reopen the federal government.
Trump’s fake wall debate has led to a very real humanitarian crisis: People in my own district are begging their landlords not to evict them because Department of Housing and Urban Development (HUD) funding is suspended. My neighbors live among the biggest corporate polluters and are wondering—without EPA inspectors on duty—if they’re breathing in dangerous levels of pollution. This is not right.
This shutdown will end only when we take to the streets—and in huge numbers. And that’s why I’m joining MoveOn’s “Shut Down the Wall, Open the Government” nationwide mobilization ‪on Tuesday, January 29.‬ On that day, regular folks across the country will rally at their senators’ offices and closed government buildings to share their stories, speak truth to power, and demand that we, their elected officials, do our jobs.
But for MoveOn to pull off the massive mobilization in every corner of the country, they need to raise $100,0000 by ‪midnight on Friday‬ to pay for signs, sound equipment, airfare, organizers, ads to help turn people out, livestreaming, and more.
Can you chip in $3 to help out?
Together, we’ll show the true costs of Trump and the GOP’s demand for a racist border wall.
Trump had two years to get his useless wall under Republican leadership. Instead, he waited until Democrats took over the House to suddenly create chaos. This is not about an unrealistic wall but political games he likes to play with real people’s lives.
Now, in Wayne County, Michigan, there are low-income families, elderly, and disabled people in 635 housing units whose contracts have expired, with another 267 expiring by the end of February. They can’t fly to Mar-a-Lago to stay warm in the middle of winter. The shutdown has caused HUD to halt health and safety inspections, putting our most vulnerable citizens, yet again, in harm’s way. So many people are suffering due to Trump’s shutdown.
It’s time to disrupt the status quo. We need to take it to the streets—and in a big way. Please, can you chip in $3—or whatever you can afford—to help MoveOn pull off an enormous mobilization in just five days to shut down the wall and open the government?
Yes, Rashida, I’m in! I’ll chip in now.
In this urgent moment, we must speak up, be loud, and be courageous, together. So much is at stake.
Thanks for all you do.
–Congresswoman Rashida Tlaib
vote for beto?
NAA – AH – AH – AH !!
Ipso 9:35
The same Demos that were outsourcing our jobs and threatening to shut coal miners down are now suddenly worried about Fed workers not getting paid? They could of paid the Coast Guard at least but refused. So much for their concern. This isn’t about the people with the Dems but their party.
Did you guys catch this one!
Not the best look for a presidential candidate. 🙂
Celebrated Democrat “Beto” O’Rourke outed wearing “Devil goat” costume; left-wing media tries to spin narrative away from Satanism
https://www.naturalnews.com/2019-01-24-beto-orourke-outed-wearing-devil-goat-costume-satanism.html#
New Intellectual Froglegs
Democrats On A Bus
On Dailymotion. Too honest for YouTube
Treefrog
That young boy or any of all those kids shouldn’t be talking to that rogue Nathan any more than any compulsive liar or nut case. He did nothing but harass him and endanger him with his lies. What they did should be considered a hate crime.
If Nathan has a beef he can take it up with the WH like a grown up.
They were patriotic, they were catholic, and now white. Hope they come out with a superiority complex instead of inferior after they saw that. They just secured their vote for This country and it won’t be for socialist.
I told a pastor as they have links to tell them Satan will try to test your faith by any means necessary.
lurker,
yes, please note the parentheses in the title line. she served the other side. but she at least was there, which the other two liars were NOT.
tree frog
jane fonda is a traitor–aiding and abetting the north vietnamese
(from a vietnam veteran!)
