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Some on mass media say we have more savers than borrowers now. And the savers are a burden on the deposit areas. Lots of moving parts, and or they have a tangled fishing line. For one example, to make a point, if during the prosperity days 1945-’75 we had a well off 80% middle class, and 10% wealthy and 10% poor. No problems. In balance. Spending, saving and borrowing maintaining 5%-7% rates. Even the inflation rates were 7.5%. Pay raises were possible easy and understandable.
Lets say over the decades, the middle class got smaller, 40% versus the 60% wealthy group, that got unnecessarily bigger. So the wealthy people have far more excess unspent (waste) money than they need, so it builds up or crowds into savings bonds, driving rates lower. Plus they don’t need anything to buy. They already have everything they need or want. And if they wanted to spend, could just pay cash, not borrow.
The system is out of balance. imo. The 40% have to watch their spending, and the 60% don’t need anything. And on the other hand the Fed acts like or implies, or is “making believe” they have been controlling the rates. But its likely the situation, or the system is controlling them.
There is a reason I fly my Canadian flag upside down now…Canada is in distress. The point (as well as Sweden) of the SOROS NWO spear. 1984 is relived 35 years back to the future.
For a patriot as myself to agree with Canuckistan analogies that I vehemently complained about under the various tents, I now say you were right.
FGC sided with the Zionists that masterminded 911 that got his SIL killed. And all Canada has done is import the refugees from the destruction our Zionist masters made us participate in to further their goals of Oded Yinon.
it sure looked like the scum were trying to kick precious metals’ ass today. not just once, but there was a second effort. in spite of this, we had a good day. not a great day like monday or tuesday, but a good one. gold and silver were up, hui was up a percent and a half. my portfolio was up almost two percent.
To be honest, all I see in the last couple of months is sideways action. Good that we’ve held up, but pretty much flat from what I can see. The last few days have been off the charts great.
Waiting for the other shoe to drop. 🙂
Hoping your charts see this going on for many more months!
A couple of good days? Try like MORE then a couple of great months…This is a new int. cycle. For comparison we are now at the last week of May or the first week of June in terms of lift off. And the shorts must have a lot yet to cover if we are to believe any part of the COT reports. And speaking of the Cots we have some of our best subscription goldbug Analysts still holding their flocks out awaiting their entry point @ $1400!! Nothin goes straight up but, $1400 has been left in the dust. Can’t wait to hear how they are going to explain their obvious stupidity. No, I don’t think I am being cruel…rather just being honest about it.
It’s very amusing how when Gold was suddenly down to $1450 in Nov, on TV some were projecting $1300 and$1350. Lately with gold above $1480 and $1500, on TV they are talking higher prices like $1600 $1700 and higher. I guess they always want to look right and agree with and add to the latest short term moves.
This is as blatant as it gets, that the US government is manipulating markets, because if it was not the government, then it would be investigated and stopped.
Looks like GDX might have a chance to get to $31, back towards the 2016 highs.
Shares are trying to lead. Every time they weaken, the metals seem to catch a bid.
I guess we could chalk it up to light volume but that usually goes against us. Taking a little off the table here and there but as usual, it’s the wrong move.
Yep. Today would be the perfect set up for an ambush, the stars are aligned. $1500, $18, 235 HUI…
If they’re going to attack, today is the day and they’ll probably start at the Crimex open in about 25 minutes. I’m starting to see some bids dropped slightly on their favorite manipulation tools – GLD and SLV.
If they don’t get it done, we could be looking at a third strong day in a row – unprecedented in recent years.
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