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Tomorrow will be a huge down day for stocks and a huge up day for gold–in fact, we may never again see these prices for gold and silver stocks again in our lifetimes…without going into the 173 macro reasons why gold should be much higher than it is, I will share with you the 3 “diagnostic clues” that give me confidence to make this prediction–the only caveat is that some tariff resolution nonsense doesn’t occur…
Good thinking. Im really worried about the clueless voting for Biden and then thinking everything Trump did will stay the same. They will make it a priority to undo everyone they do.I hope they keep the Senate and take back the house and get laws in because executive orders can be undone later. Calif is overwhelmed with immigrants and propaganda to young in populated cities but the other states have a chance to get them in if they back Trump. I they don’t then we’re gonna crash and burn the only way they’ll learn.
employed=silver beaten down–gold stocks.etfs all smashed around 10am, giving up sizable gains–we had 2 solid, normal days…but this rally will roll over unless we start getting normal days…a weak jobs report tomorrow is no guarantee of big gains for gold…it is what it is…we wait and watch in disgust…
A certain cynicism is highly recommended but the precious metals have sure been strong lately. Probably much of the PM share selling is shell shocked stockholders seeing any little bounce as an opportunity to sell. This source will exhaust itself.
We were buying from THEM for 50 years, now they have to buy from the USA for the next 50 years.
We gave ourselves a bunch of rules and regulations and higher taxes to create artificial jobs, and more tax absorber jobs. Now it’s THEIR turn. This is all very simple crap, like 2+2=4.
THEY had all good years 1945 to 2008. The USA had 40 declining years after 1970 culminating with the 2008 financial crisis.
Right after the melt down and Bernie Madoff I told everybody, everything is now in REVERSE. If you were getting away with something (person, business or gov’t) for a very long time, quit now before you get caught.
Well, too many didn’t “quit” on their own. Bad happy fun old habits are hard to quit. Sorry China, sorry all you corporations that moved over there to avoid US taxes and employers.
should have put a 10 billion penalty in after a deal was negotiated but BEFORE it was disclosed, if they backed out !
Its done all the time in corporate deals.NOW all he can do is say to them ,its gonna cost you if I get reelected ! Ya better close the deal before election day !
ALL this shit started when BIDEN told China Wait until the US ELECTION for a TRADE DEAL .. Ill get you a better deal ….Yeah better for China ! BIDEN would sell us out to stop Trump getting credits..and Elected .
Same with KERRY telling IRAN “support BIDEN w’ll get you a better deal ” A clear violation of US LAW against foreign interference in US elections YET NO one charges them !
Traitors both of them !and their Democratic cohorts.
Trump had a deal done with CHINA then BIDEN called on them and China backed out of a negotiated deal…!
The dollars down .406-below 97–jobs report will be a disaster-looks like yesterday was an EXTREME shakeout…crypto-coins down again-FED rate cuts-gold should be fairly subdued ahead of the jobs report–only problem is that even the most disappointing report has often seen gold pop then 20 minutes later totally reverse the gain…now that I’ve properly jinxed gold…snort! It’s all in the algos…until they’re overwhelmed…
Peter reiterated that the Fed is going to go back to 0% interest rates, and he pointed out that there isn’t a lot of room between the current rates and that zero level. He said the real “stimulus” is going to be QE 4, which will be bigger than the first three rounds combined.
“The Fed is going to go back to QE. They are going to do whatever they can to try to stop the bear market and to try to prevent the recession. But they’re going to fail. They are going to make it worse this time.”
During his remarks, Powell said that this isn’t unconventional policy anymore. He called it “business as usual.” Peter said the reason we didn’t have a dollar collapse and inflation didn’t take off in the aftermath of the Great Recession was because everybody thought the Fed’s monetary policy was temporary. They thought it was an emergency measure, that the central bank would eventually normalize rates, and that it would shrink its balance sheet.
“But when the markets realize what they should have realized from the beginning – that this is a permanent expansion of the balance sheet; this is debt monetization, that there is no end in sight, that it’s going to be zero percent forever, then the bottom is going to drop out of the dollar and then we’re going to get all the inflation that we should have had, only more.”
Liz asked Peter what people should do to prepare. One of the things he emphasized was to buy gold. Even above $1,300 an ounce, the yellow metal is a bargain.
“Remember, we got as high as $1,900 back in 2011 when people were actually worried about QE. Well, they were right to worry. The mistake was in thinking that everything was OK. So, when we go back to QE and zero percent interest rates, gold is not stopping at $1,900. We’re going to $5,000 to $10,000.”
“AMERICA’S RAILROADS DELIVER THE GOODS” is an old advertising line… and it’s true. From the container ports on the coast, those containers ride the rails to their regional destinations. There are huge railroad yards dedicated to on- and off-loading container traffic.
George Ure at Urbansurvival.com sometimes posts economic data from the ports, and also railroad car loadings nationwide. The rail car traffic is a good indicator of economic activity.
that if – and a big IF – the actual jobs report follows the ADP report then gold might get a lift, but as you know, everything depends on Crimex dumps so we could see a week jobs report and gold get crushed just because.
Been a good few days, but I don’t believe much of anything with regard to gold and gold stocks anymore.
DOW has rebounded 600 points in two days?
Maybe Wolanchuk’s first call about DOW rebound, PM’s soft was more accurate before the next move higher. Maybe he wasn’t right about PM’s at all and this is all we get.
Still wouldn’t be surprised to see a delayed rally based on Fed cuts, a stalling economy, and at least 173 reasons we have been accumulating since 2011.
This combination of rising gold and falling crude — rare as to the extent of the divergence — has delivered to some nasty consequences for the broader market over the years, as you can see by this illustration
Only three other times in history precious metals surged while oil plunged! All of them happened during severe bear markets and recessions,” —“Buckle up, folks.”
BUY the Country then pay them with their own money ! hehe
or Buy the Bank and pay them with their own money !If buying the Country is too ambitious for you ..Think BIG ! You can use the Bank as Collateral for the Loan ,its an offer they cant refuse …Has the best Collateral possible..!
Many years ago I bought Great A & P stock for $5.25 per share ,and at the same time they had $11.00 per share in the BANK in cash and an over funded Pension account .Which meant I got all the stores and real Estate for nothing…A few years later I sold it for $55.00 per share. ! Yes it Happens !
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