GoldTent Oasis is dedicated to our friend and founder John F. Murphy (Wanka) of Key West, Florida without whom this website would not exist. Gone but never forgotten.
ENTER ~ Post by the Golden Rule. Gentlemanly conduct is the attire of the day. GoldTent Oasis is not responsible for content or accuracy of posts DYODD. ~~~~~~~
that has a 2 % fluctuation dosent work ! You arent that smart or clever when you consider fees and commissions ,it dosent work….its RANDOM ! no TREND ..you cant trade Random…
Its very clear,If rates go up to 2 % the economy TANKS ,thats a very slim margin to even think about raising rates ….The risk is a uncontrolled slide DOWN because of all the DEBT …Even talking like raising rates is risky ,IF THE PUBLIC BELIEVES YOU ! .THE fed NEEDS TO shut up ! Its going to take ten years of zero rates to get the economy going without flooding the market with cash and thats what IS needed to avoid crash and then hyper inflation ..Tell the FED to go HOME and shut up and do nothing ! STOP pretending you know what you are doing…
A Connecticut woman has come forward to accuse former Vice President Joe Biden of inappropriate touching at a political fundraiser in Greenwich in 2009, the second allegation of its kind against the potential 2020 presidential contender in recent days.
Schiff also talked at length about the Fed’s most recent decision to not raise rates again in 2019.
“The Fed did a reversal. A complete 180,” Schiff says about the Fed’s most recent minutes. “They’re never going to complete the normalization process,” Schiff recounts saying in late 2018 interviews. “I’m one of the only people out there saying the Fed is BSing, but the markets believed it.”
Schiff said either the Fed was deliberately lying in late 2018 when they said they would continue to taper and hike, or that they just didn’t know. Either way, Schiff believes that we are now in the midst of a bear market rally – not a bull market – as a result.
“I said they were going to wait for an excuse to abort normalization because they couldn’t tell the truth. They can’t raise interest rates because there’s too much debt,” he says. “It has nothing to do with problems abroad, it has nothing to do with Brexit.”
Summary: The second largest philanthropic foundation in America emerged in the Motor City. The Ford Foundation was the legacy of one of America’s most famous entrepreneurs—Henry Ford. After giving rise to a booming industry, Ford decided to make provisions for his home city by establishing a charitable foundation and building a hospital. But future generations of trustees ignored his vision for the foundation he endowed. The city that was once the crown jewel of American Industry declared bankruptcy and is rusting away as the Ford Foundation spreads its wealth among progressives whose pet projects only promise to exacerbate the problems plaguing Detroit and Michigan.
The Ford Foundation, born in 1936 from the fortune made in Detroit by one of the true geniuses of free enterprise, Henry Ford, is today America’s second largest philanthropic foundation, with assets of $12.4 billion. Over most of the last 82 years, the trustees snubbed both the city (Detroit) and the principles (free enterprise) that made their charitable work possible.
In 2006, the trustees began to make amends for neglecting Detroit for decades, but there has been no letup in the Ford Foundation’s financing of advocacy against entrepreneurial capitalism. An analysis of its 2015 grants shows at least $50 million went to left-wing political and economic policy organizations.
Comex gold is down a. mere .4% [point 4%] & JNUG is down 9%–also silver is not leading…it’s down 3 cents-I like that earl is up $1.44…this set up has. almost always been a good risk/reward situation—DYOD-JMO-ETC
P.S.—on days. like these gold usually ends on the lows–so I do not expect. a late session bounce…looking. for tomorrow and following. days for gold to get its footing and start a move up…I am NOT talking about THEE “bottoms in”–but just a tradable bounce-if it’s something more, so much the better–I have not bought yet-I might do it just before the close, as is my want…
there is risk–JNUG just took out the March lows at $9—next stop the late Jan. lows at 8.16
Back in the early 70’s when I was stationed in Kaneohe the ham radio station had a 2 element hygain beam up 85 feet. I worked my younger brother on CW (he was a novice) back in Massachusetts.
Erdogan suffers major setbacks in local elections in Turkey’s big cities
ANKARA/ISTANBUL (Reuters) – Turkey’s President Tayyip Erdogan suffered stunning setbacks in local elections as his ruling AK Party lost control of the capital Ankara for the first time since the party’s founding in 2001, possibly complicating his plans to fight back recession.
What happens when you run an economy on an economics that doesn’t consider debt?
Policymakers pat themselves on the back for their success in the debt fuelled boom phase before everything blows up in their faces.
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The 1920s roared with debt based consumption and speculation until it all tipped over into the debt deflation of the Great Depression. No one realised the problems that were building up in the economy as they used an economics that doesn’t look at private debt, neoclassical economics.
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Yes, it’s the economics of globalisation and it’s the same as it’s always been.
1929 and 2008 look so similar because they are; it’s the same economics and thinking.
(“APRIL SETS-UP FOR A BULL RUN IN SPX…BUT WITH A CAVEAT”), April seasonality for US Equities is a powerful phenomenon: April has posted the best avg monthly return for the S&P over the past 30 years (+1.64%) and actually posts the second-highest % hit-rate of “positive return instances” of any month over the past 90 years
More granularly, the first two weeks of April (dating back to 1994) have shown to be particularly “pro-cyclical” / “reflationary” in nature across seasonal US Equities sectors- and factor- behavior (Sectors: Materials +1.4% on the median over the first 2w of April; Fins +1.2%; Energy +0.8%; Discretionary +0.7%; Factors: Beta L/S +0.5%, Size L/S +0.5%; Cross-Asset: Crude +1.7%)
Perhaps the largest tailwind now for Equities is under-positioning from within the Leveraged Fund universe:
Long-Short Hedge Fund “Beta to SPX” remains just 15th %ile, while “Beta to Beta Factor” too is just 14th %ile
Hey! Since the volcano stopped erupting, I gotta find something else exciting to keep me busy. Lately it’s been ham radio as the 40 meter band is open around the pacific and to the mainland around sundown here. New Caledonia, New Zealand, California, Oregon, Arizona bagged in the last couple days on SSB.
Almost nightly I hear Bill in South Africa on 40m. An hour before his sunrise, and an hour before my sunset, we get grey-line propagation to my Antipode on the globe.
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