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Considering the ridiculous dollar strength and the inch up in rates.
I’ll take a flat day in gold and nice day in silver with some minor moves in the shares.
I’ll take the win…
Richard640
This gold bull market may be so strong that even the endorsement of Gartman can’t dent it! LOL
Richard640 @ 18:02 on August 26, 2019
credit is DEBT,money enters the system via debt .It must be discounted to get distributed .The only way to reduce the DEBT and the discount is to issue Treasury Bills ,not Federal Reserve bills .Federal Reserve will not give up that monopoly willingly. Kennedy tried it and 3 months later he was dead.Johnson immediately stopped issuing Treasury Bills..He got the message …That would have worked over time ! so here we go The only thing to do now is a REVERSE split with the currency ,and thats NOT possible without a collapse unless the new currency is Gold Backed. Nobody will trust it .so here we go ,Gold is not debt…and its not inflatable,the paper currency is inflatable ,Golds is the base .In a way its like a Zero Coupon Bond ,everything is in the PRICE .It can sell at a Premium or a Discount .When rates are HIGH and falling it trades at a increasing premium ,when rates are LOW and rising it trades at a increasing discount ..GOLD will work as a monotary base if nobody interferes with the process of price discovery ! Thats a BIG IF….Bankers dont like it ,when the FREE MARKET sets the PRICE !
Time. for. Stopped clocks. to. be right–Tell em Bill…Tell em….
QE to infinity is no joke. It is very real and it is already here and just getting started. Think about how much credit issuance will be needed to backstop existing debt, not to mention the cesspool of over $1 quadrillion worth of derivatives? “Infinity” is an unfathomable number but the best way to understand it is to look at and define/understand its opposite. The opposite of infinity is “0”. Most everyone knows and can understand “zero” as a concept. In the real world, infinity is not what people will understand. What they will understand is the value of their fiat currencies approaching and eventually reaching zero value or purchasing power.
I will leave you with something to think about. Societies are based on currencies used to perform business transactions. Currencies are also the base for savings and pension arrangements. Many things financial can and have been swept under the rug for many years. Failing currencies cannot be hidden because the common man uses them every day. The common man will immediately see and feel if his currency is failing. How can central banks monetize insolvent treasury debt without destroying the issued currency? And what does that mean for all things denominated and saved in said currency?
The end of the monetary fiat road is not nigh folks …it is already here! I have tried to illustrate and explain over the years how all monetary roads lead to gold. It looks like “liability capital” will all now merge in to a super highway leading directly to gold and silver …where no liability exists!
This article was originally posted for subscribers at www.jsmineset.com
Standing watch,
Bill Holter
Eff Bank of America
It’s bad information if they’re saying anything, gold crash helmet on when I hear BS from that den of snakes
fyi
China’s foreign ministry meanwhile said it wasn’t aware of any such calls and that a U.S.-China decoupling will lead to market chaos, according to wire reports
Chart Of The Day: Gold’s Ride Up To Continue, No Matter The Trade Outcome
By Pinchas Cohe (Aug 26, 2019 09:28AM ET)
Gold may have dropped today, after Trump said China wants to resume trade talks. Since technicals are signaling that the yellow metal is headed higher, we believe this as a rare buying opportunity, irrespective of what the Fed decides or what happens with trade.
Let’s dispense with the obvious first: another presidential tweet could turn the current market on its head. Equities could once again be sold off and safe haven assets boosted.
IPSO=Lol–yup! Been hearing that for the pst 20. years
*Dennis Gartman…We remember a lesson regarding trading that the great Richard Dennis taught everyone: to absolutely respect new high closes at any week’s end, for powerful moves almost always follow hard upon. The close on Friday was impressive; the “Gap” higher this morning was even more so, although as noted it has since been closed following the President’s above mentioned “Second thoughts.” Finally, we not only survived Friday given the history of Fridays being manifestly detrimental to gold, but we profited enormously. Richard Dennis was right…
Richard640
I’m waiting impatiently for some of that YUUUGGE money to come into our tiny sector! 🙂
IPSO-uncomfortable was my. 1st reaction-lots of mainstream analysts/firms coming out. in favor of gold
[And, no, this is not some fringe blog predicting the apocalypse, this is the prediction of one the 4 largest US banks]
But. it’s way too early-IMO–to slap a contrary label on their gold bullishness–I prefer to think. of these capitulations as “recognition time”….also there can be a preponderance of bulls in a bull market for a lonnnnng time before one needs to become a contrarian…
It makes me feel a little dirty to be on the same side of the trade as these guys
“Pet Rock” Indeed: Bank of America Says Buy Gold As Central Banks Lose Control
Ororeef
There is NO license to operate a newspaper. They are not Federally regulated. It’s a business…. supported by advertisers… (Which can lead to it’s own form of corruption.)
Only broadcast stations, Radio & TV, are Federally ‘licensed’… and deregulation has scrapped a lot of the old ‘fairness doctrine’ and ‘public interest’ rules. It’s a business supported by advertisers also. Yellow journalism reigns for the almighty dollar.
deer79 @ 13:49
Yeah… amazing, isn’t it? That’s why I haven’t touched ‘paper’ in years. Stacking physical.
Dr. Tim Ball vindicated , Mann to pay all Court costs
The ‘hockey stick’ hypothesis is trash . As the old saying goes relating to computer models “ Garbage in , garbage out .”
Sorry to be a Debbie downer
But it boggles the mind to think that people know that this is a big “house of cards” yet continue to play the game….
treefrog @ 13:10
Yup…but Comex closes at 1:30 so we will see what happens after that.
Cheers
gold fading
silver holding its gains…
shares (hui) holding/creeping upward.
is the scum dumping buckets of gold futures??
Where is the “Fiduciary Responsibility” for the NYTIMES and other Media that are Granted
a LICENCE to operate in the Public Interest ..when they clearly are doing the opposite and due the bidding of the Bankers to get the public into debt and servitude .What is their punishment ? Why is their LICENSE not suspended ? and sold to the next Word Processor Media company ,or better yet why not make the CEO personally responsible and liable for damages caused by thier LIES ?
There was a time when Swiss bankers were held Personally responsible for the Banks Fiduciary responsibility to act in their depositors interest. The minute that changed the SWISS BANKS WENT TO HELL WITH THE REST OF THEM …
The same standard for a Media License needs to be imposed .That will fix a Major problem in the Media and make them serve the Public Interest .It is a License owned and granted by the PUBLIC ,it should serve the Public .
From Zh readers=It’s very clear the PPT was the ones that got the phone call…not china..
Bots are running the markets. What could go wrong?
Trump is a billionaire and trump is your President yeah, that guy.
The DemoRats are in a panic as their internal polling has trump at 75% approval rating and 40% of blacks are supporting trump.
To all of the DemoRat posters here!
Trump is your President and will be for the next 6 years.
This is the end of your racist lying corrupt DemoRat party.
Trump is brilliant and very smart!
Trump destroyed 17 high profile and very rich Republicans in the primaries.
Trump destroyed high profile and very rich Hillary Clinton and became the President of the USA.
Trump is now destroying the Democratic Party CNN and the main stream media.
Trump is not only brilliant and very smart he is a genius
Ororeef @ 11:54
IN Chinese: Interesting times are coming!
Couldn’t imagine being over weighted in any other sector.
The people that Process words for a living
like the NYTIMES got us into this mess…and did a diservice to the public by the LIEs they publish and steered the public into DEBT and servitude. The mouthpiece for the Greedy Banksters to get the public to do what the Bankers want .Despicable lairs ,exploiting people that trusted them ,is there no “fiduciary responsibility” for word processors when you are granted a license to do business as a public service. A public License should be suspended when it clearly does not serve the public interest.
A “Vast Left Wing Conspiracy ” is what happened ! Its almost comical how the Democrats describe themselves and then attribute it to the “RIGHT WING” ..
ipso facto @ 10:26 on August 26, 2019
Thanks for the Minsky thingy,very enlightening ,we could be in for a long 20 year minsky fix.It seems to me if bonds yielded 18 % near the top ,then we got zero coupon bonds ,and now er enter negative coupon Bonds ,the question seems to be will it take negative 18 % to undo all of this, and for how long ?