Loading ...As soon as spot goes over $1700 it should pick up momentum.
Cheers
I think we can safely say gold has had a triple top breakout and the 1700 line is history
Gold is no longer in the Spay and Neuter clinic
History Channel The Other Night, New Model T Ford $300, Employees Paid $5 a Day and a 5 Day Week
$5 a day=$25 a week. $25 a week. 52 weeks=$1,300. $1,300 divide by the new $300 car?
This all means the unskilled laborer was earning 4.33 new cars per year in wages.
A decent new car today $40,000? Times 4.33 cars per year in wages? Means one year unskilled labor is supposed to be $173,200 per year. $3,330 per week. That there is what our unskilled labor tax absorber cops make plus benefits. Unskilled tax payers, don’t make anywhere near that.
$173,200 per year today is middle class. Big business was running everything and hated to pay what they were supposed to pay, so managed to get away with what they got away with re foreign labor.
Reversal, they all can’t get away with, what they used to getaway with, like Bernie Madoff and all the others after him. Various politicians, various businesses sectors, permissive corruption, open borders? etc etc all getting reversed. We should all be happy.
Chevy 4X4 Pick Up Truck $63,175, plus sales tax $68,623. I guess TPTB don’t want us to own them. They have V/8 Engines.
https://www.pickuptrucks.com/trucks/chevrolet-silverado_2500-ltz-2020-1gc4ype74lf103481
@Captain Hook re 10:07 Great Interview with Pierre Lassonde Franco Nevada Mining
He knows exactly what he’s talking about, and it all made perfect sense to me. And that old Dow Gold Ratio, its been a long time since the last one, ($800 Gold 800 Dow) and it will probably happen again. Or very close to it.
Even 10,000 Dow and $5,000 gold would be good. But sure, 20,000 Dow and $20,000 Gold is possible. Won’t surprise me. Dollars are very small these days, like $1 the size of 4 slices bread. $1 used to buy 10 loaves of bread.
You can almost compare a Dollar to a Copper penny. I think a 95% pure Copper penny is realistically worth a lot more than 4 slices of bread. And Copper on COMEX at $2.25/lb is ridiculously cheap. Geez, decent chop meat $4-$6/lb, and we eat it.
Pierre Lassonde was right, lower energy costs adds a lot of profits onto metals and their miners.
Plus it all fits with everything reversing. Gold has been too low for too long. As Rodney Dangerfield used to say, it got no respect. Reverse? Gold gets respect. And the miners? They will be like money producers. Imagine more power than the Fed Banks or the Treasury? Would they getaway with that? It would be like us allowed to print $100 bills in the basement.
First deflation — then hyperinflation
Interest rates are already zero — so the ONLY other monetary ‘policy tool’ remaining is aggressively accelerating currency debasement.
Cheers all.
Looking much better these days
Eldorado Gold Announces First Quarter 2020 Preliminary Production Results and Conference Call Details
Ipso
Yep on Fauci, exactly.
I fear what pay for play legislation will do. Hopefully they fear is more.
Not trying to down play the severe form but…
I also question the reason behind lack of testing and not increasing the number of test available. Is it because they don’t want us to know how many people got it and recovered without being hospitalized? Only a more severe criteria and even then having trouble getting tested.
Also family’s coming out saying that their family member didn’t die of Coronavirus but they put it down as a cause of death.
The Fed
“There’s Really No Limit On What [Fed] Can Do”
Except gold (and silver) — which is why they have their traders in New Jerk suppress prices.
And it’s all sanctioned by the ‘powers that be’ — just like vaccines that can kill (and are not effective) us will be shortly.
At least these bureaucrats have our best interests in mind — not their own.
Chuckle
goldielocks
” initially rebuked the Hydroxychloroquine fueling some demo states from preventing people from having access to it.”
This is when Fauci showed his true colors. If Lizard people exist then he is sure one.
Re: vaccines, lets see what happens in the legislature.
Ipso 10:29
They already are. Why do you think Fauci promotes the vaccine and initially rebuked the Hydroxychloroquine fueling some demo states from preventing people from having access to it.
Gates a the unelected tax evading conspiracy to mandate the vaccine where you will have to show a certificate to travel. No certificate, can’t work or go anywhere. Yep, it’s a conspiracy.
goldielocks
I’m not sure I distrust anyone more than Bill Gates! and Fauci too … the lapdog of big pharma.
We’ll see if they try to compel a mandatory vaccine.
Ipso 10:09
Barr sound be more conserved. I’m beginning to worry he’s gone mainstream.
He should be investigating Gates for conspiracy against the people for profit.
Guess that answers my question
DOW 100 pts. off the high
Gold immediately $13 off the high
Silver immediately $.20 off the high
and the beat goes on…
Paul Craig Roberts
snip
Big Pharma sees massive profits in the virus, Government sees more power to control
But the disparity in economic benefits is only a part of it. Powerful vested interests, such as Bill Gates and Big Pharma, are determined to vaccinate us all, and to control our movements with an internal passport called “vaccinated, health cleared” or other words to that effect. New tracking procedures and technologies are to be put in operation reminiscent of the “mark of the beast” to police the access of varous categories of people to various areas and benefits.
Experts point out that just as we cannot be vaccinated against the common cold, except perhaps for the past year’s version we cannot be vaccinated against Covid-19 and other mutating viruses, but the experts are already being shouted down. No expert opinion is to be permitted to stand in the way of vaccination profits.
Neither will nutrition and vitamin advocates be allowed to get in the way. Bill Sardi predicts that orchestrated scares generated by mandatory recalls of “toxic” vitamins await us. Big Pharma is determined to acquire control over vitamins and homeopathic remedies, and the FDA is Big Pharma’s likely pawn.
Vaccination has been elevated above cure, as Big Pharma and its shills such as CNN shout down the positive experience doctors report of successful treatments with Hydroxychloroquine and Azithromycin, and the effectiveness of Vitamin C, Vitamin D3, and Zinc in strengthening the ability of immune systems to fight off the virus. Big Pharma-influenced medical orthodoxy cannot get out of the box it has been put into. When new thinking and experimentation are needed, those capable of thought are hasseled and even blocked by FDA regulations and dogmatism.
The permanent government and its security agencies see in the population’s fear and confusion opportunities to put into place more tyrannical measures, more set-asides of Constitutional Rights, more impairments on free speech. The ability of freedom to resist oppression is ever diminished.
Various descriptions of the expected dystopia are offered on the Internet. But it does not have to turn out this way. It is up to us. Demoralized and fearful, we can accept more government power as we did after 9/11. Instead, we can collectively recognize the massive failure everywhere of Western leadership and construct a more liveable and sustainable society.
https://www.zerohedge.com/geopolitical/paul-craig-roberts-new-world-being-born-what-will-it-be
Question for the day
if the stock market starts to drift lower will the scum take the pm sector with it?
Sorry, I’m just not used to a little prosperity.
The General takes out the 6 Mch Hi….
next tgt 57.93…then 72.42
Maya @ 3:2
Now that’s a train picture! 🙂
Fed Announces $2.3 Trillion in Programs to Support Economy
More bazooka money.
If that doesn’t help the metals, I don’t know what will.
Just checking in
This may have been shared before but if you haven’t seen this you ought to give it a listen when you have time.
Goldi-Wow! That’s an amzing story-In those days there were still so many oldtimers still around
who had been in all aspects of the silent and talkies movie production of the 1920s-30s and 40s…