Loading ...worse than expected, but will probably be a lot worse next month so it’s kind of a meaningless number.
Silver smacked initially but seems stable now. Gold about where it was. Meh…snooz
DOW futures have reversed
Gold decided to move up a couple bucks with them. Silver flat now. Go figure.
Most shares look decent premarket though.
They wouldn’t lie to us would they?
“From this latest April Fool’s Day statement, we can conclude that the LBMA is terrified that unallocated investors who have claims on LBMA bullion banks, will line up to take allocation of gold in London, while the CME is terrified that COMEX futures contract holders will increasingly try to take physical delivery of gold in New York (not just delivery of warrants but actually withdrawing the gold bars out of the COMEX vaults.
In March 1968 during the last days of the London Gold Pool, the cartel of central banks kept playing while the ship began to sink, brazenly saying that “the London Gold Pool reaffirm their determination to support the pool.”
This time around, with their “healthy stocks of gold in London and New York” (you can be the judge of that), “the LBMA has offered its support to CME Group”. It therefore seems that while history doesn’t repeat itself, it often rhymes”
https://www.zerohedge.com/commodities/panic-stations-what-are-lbma-and-comex-trying-hide
Morning R640
Yeah, exactly. What chance does this puny market have against the gigantic forces?
No clue. I see the “no follow thru” rule is in place this am.
There is a jobs report today, although it’s probably the most irrelevant one we’ve had in a decade at least. Still, it would be quite ironic if we got the usual beatdown in pm’s after the numbers came out.
Wouldn’t surprise me, that would be just an up in our grills gesture. 🙁
edit: Didn’t notice earlier but the USD is ripping higher again. While the Ten Yr. is down to .59%
What chance has the puny little gold market?
I’m beginning to wonder if any of the ideas in these articles are correct, then Titanic forces are at work–with a plan and a purpose-so what chance has gold against them?
Escobar: Ground-Control To Planet Lockdown – “The Existing World-System Has To Go”
All hail BlackRock
So as we face a New Great Depression, steps leading to a Brave New World are already discernable. It goes way beyond a mere Bretton Woods 2.0, in the manner that Pam and Russ Martens superbly deconstruct the recent $2 trillion, Capitol Hill-approved stimulus to the U.S. economy.
Essentially, the Fed will “leverage the bill’s $454 million bailout slush fund into $4.5 trillion”. And no questions are allowed on who gets the money, because the bill simply cancels the Freedom of Information Act (FOIA) for the Fed.
************************************************************************************
The privileged private contractor for the slush fund is none other than BlackRock. Here’s the extremely short version of the whole, astonishing scheme, masterfully detailed here.
Wall Street has turned the Fed into a hedge fund. The Fed is going to own at least two thirds of all U.S. Treasury bills wallowing in the market before the end of the year.
The U.S. Treasury will be buying every security and loan in sight while the Fed will be the banker – financing the whole scheme.
So essentially this is a Fed/ Treasury merger. A behemoth dispensing loads of helicopter money – with BlackRock as the undisputable winner.
*******************************************************************************
BlackRock is widely known as the biggest money manager on the planet. Their tentacles are everywhere. They own 5% of Apple, 5% of Exxon Mobil, 6% of Google, second largest shareholder of AT&T (Turner, HBO, CNN, Warner Brothers) – these are just a few examples.
They will buy all these securities and manage those dodgy special Purpose Vehicles (SPVs) on behalf of the Treasury.
*****************************************************************************
BlackRock not only is the top investor in Goldman Sachs. Better yet: Blackrock is bigger than Goldman Sachs, JP Morgan and Deutsche Bank combined. BlackRock is a serious Trump donor. Now, for all practical purposes, it will be the operating system – the Chrome, Firefox, Safari – of Fed/Treasury.
This represents the definitive Wall Street-ization of the Fed – with no evidence whatsoever it will lead to any improvement in the lives of the average American.
Western corporate media, en masse, have virtually ignored the myriad, devastating economic consequences of Planet Lockdown. Wall to wall coverage barely mentions the astonishing economic human wreckage already in effect – especially for the masses barely surviving, so far, in the informal economy.
For all practical purposes, the Global War on Terror (GWOT) has been replaced by the Global War on Virus (GWOV). But what is not being seriously analyzed is the Perfect Toxic Storm: a totally shattered economy; The Mother of All Financial Crashes – barely masked by the trillions in helicopter money from the Fed and the ECB; the tens of millions of unemployed engendered by the New Great Depression; the millions of small businesses that will simply disappear; a widespread, global mental health crisis. Not to mention the masses of elderly, especially in the U.S., that will be issued an unspoken “drop dead” notice.
Beyond any rhetoric about “decoupling”, the global economy is already, de facto, split in two. On one side, we have Eurasia, Africa and swathes of Latin America – what China will be painstakingly connecting and reconnecting via the New Silk Roads. On the other side, we have North America and selected Western vassals. A puzzled Europe lies in the middle.
A cryogenically induced global economy certainly facilitates a reboot. Trumpism is the New Exceptionalism – so that means an isolationist MAGA on steroids. In contrast, China will painstakingly reboot its market base along the New Silk Roads – Africa and Latin America included – to replace the 20% of trade/exports to be lost with the U.S.
The meager $1,200 checks promised to Americans are a de facto precursor of the much touted Universal Basic Income (UBI). They may become permanent as tens of millions of people will be permanently unemployed. That will facilitate the transition towards a totally automated, 24/7 economy run by AI – thus the importance of 5G.
I may be wrong but I just wouldn’t risk what took so many years to make.
You know, Ensign, I have heard that concern for a long time, the idea of simply not making any money by keeping cash in the bank in one form or another. In fact, the last guy who kept telling me this no longer speaks to me. Why? I still have my cash and he lost his. Sometimes, it is that basic.
No one is really going to tell you where you can make some profit. There are two reasons for this. One, they need you to invest so they can make money for themselves, or two, they just don’t know. I may be wrong but I just wouldn’t risk what took so many years to make.
The other day I saw a very funny cartoon. It showed a guy scratching his head and speaking to his wife about Facebook. “Isn’t it amazing”, he said. “A month ago all my ‘friends’ were constitutional experts, now they’re epidemiologists”. (But 3 months ago they were all Market savants). Like my buddy.
If we are in crash mode, what is valuable will be basic things to maintain life for your family or self. It won’t be about making profit, it will be about surviving until it blows over. And normal does not included the excesses of the recent past. That, was the outlier. The other day I had to go to town. I found myself watching to see what stores were open. On the hour long drive into town, on a work day, I could count the cars on one hand.
The virus=The Lefts coup-shut down the world=ABSOLUTELY a political coup that materialized after the Democrats lost their attempt to hurt Trump with the impeachment.
The Seriousness We Face-This is a very dark hour for freedom.
THURSDAY, 02 APRIL 2020 BY: MARTY ARMSTRONG—
I have been in serious conversations all day. I BELIEVE I cannot even express this on the open blog. This is ABSOLUTELY a political coup that materialized after the Democrats lost their attempt to hurt Trump with the impeachment. The proposal was to take him down by deliberately attacking the economy. This was not just a domestic plot, it was pitched by the EU leftists in Europe who knew that also with BREXIT, there was a serious risk that others would follow and that the only way to secure the EU was to also undermine both Germany and the Netherlands
This virus actually appeared during the flu season of 2018-2019. This virus does come from bats. There was research done and published in March 2019. It was not a leak from a bioweapons lab. The use of this virus was strategic and has NOT been an accident. It was KNOWN and the question remains was it deliberately deployed in Wuhan and not by a covert act of the Chinese. They responded slowly at first but when it was realized that this was of the Coronavirus strain there was no vaccine as with the standard influenza strain. This has allowed to be used as a strategic political weapon to further political change for the extreme left.
The response I have found to be alarming from the outset. It was clearly overblown and the press itself is so polarized against Trump, BREXIT etc, that they were eager to jump on board and were not co-conspirators from behind the curtain.
To bring Trump down in order to win in a major socialist victory they needed to undermine the economy. Unemployment fell to 1960s levels and the stock market reached record highs. They saw this as his strength and the way to take him down was to attack the economy. It is highly suspicious that the Ferguson Model is so bogus. However, it is Imperial which is used by the government and when Oxford said they were wrong, immediately there was a campaign to discredit Oxford. The same has taken place against Standford in the USA
I am deeply concerned that Bill Gates is part of this, I believe unknowingly, but his $100 million donations to the NIH and $13.5 million to the CDC has compromised both no less the WHO. His push for ID2020 chips and vaccines that interestingly would not be available until AFTER the 2020 election was certainly questionable. But Bill Gates simultaneously resigned from the board of Microsoft and Warren Buffett’s Berkshire Hathaway. That decision was made allegedly in late January but was announced on March 13th, 2020 so Gates could spend more time on his claimed philanthropy work.
The institute’s coronavirus projections that President Trump relied on upon to set COVID-19 policy, forecast that the U.S. would need 135,000 hospital beds by April 1st. So far, that has come out to only about 31,000 patients who are hospitalized. Despite this fact, ever Democratic governors have used draconian measures to shut their local economies down. Every Democrat, right down to Chelsea Clinton, is out blaming Trump for every death.
This virus is less than 10% of the annual flu from a mortality rate. Nevertheless, the entire world economy has been shut down and used to end paper money and seize power in an astonishing move to takeover government on a global scale.c
This is a very dark hour for freedom. Socrates has been correct all the way. I personally have never seen anything this dramatic in history. There were major socialist revolutions attempted in 1848 and then again in 1917. The next target was 1986 which marked the beginning of this Private Wave which ended in the collapse of Communism 4 years later. Here in 2020, this is the have cycle target on this model in addition to the European specific revolution model.
This is the year from political HELL. It is going to take just as much as an effort to defeat them this time. They have the corrupt press on their side.
27 NEW HAWAII CASES, ONE NEW DEATH
“Stay at home” orders. All air travelers have mandatory 14-day quarantine, including interisland travelers. Latest stats from HDOH:
Total cases: 285 (27 new)
Hawai’i County: 18 (0)
Honolulu County: 206 (24)
Kaua’i County: 12 (0)
Maui County: 27 (1)
Pending: 20 (2)
Residents diagnosed outside of Hawai‘i: 2 (0)
Required Hospitalization: 15 (0)
Hawaii deaths: 2 (1)
Released from Isolation: 72 (3)
RNO & Goldi – Vaccines
I’m not a fan of vaccines because of all the toxic crap “adjuvants” they put in some. I never get the flu shot.
But at my age, I did my research and have had three in recent years. After 60, I got the ‘Shingles’ vaccine. Pure, refrigerated, no adjuvants, no preservatives. I had shingles once in younger years… never want to get it again.
Lately now after 65 I got the CDC recommended TWO pneumonia shots a year apart…. the 13-valent and later the 23 valent shots. Same deal…. I checked them out and no adjuvants or preservatives I could find info on. And pneumonia is a big risk for old fogies like me (us) so I felt it was worth it.
Yeah, I was the one that posted the research paper on Selenium that R640 reposted below. Pretty neat science when you can take a single selenium 200mcg supplement pill daily and become immune to ALL coronaviruses… cold, flu, covid-19 and even EBOLA immunity… which is where they discovered this in 2015.
Rno
I won’t promote vaccines but if you are at high risk for anything of any vaccine it would be the pneumonia vaccine. Only a few I’m back and forth depending. Polio, Rabies, tetanus, and pneumonia for certain people. Pneumonia sneaks of on people especially older people. They’re less active and immune compromised.
Certain people in the antivax would be on me for saying that but only to the extent to adverse events. It’s risk reward.
But during a threat like this a bad time to mess up your immune system having to deal with that with a threat like this hovering around.
What you described about yourself back in about 2007 or so although your strong your high risk so just don’t get it.
Me and a nurse were thinking the same thing today. If other countries are in hot weather right now and her familiar with Asia area said one country in the 90f right now and it’s not going away, will it go away in summer?
Orrr will this only die down when enough people have antibodies against it.
Richard 16:27
Dropping in scanning again after this morning. Time difference. Right now that’s more interesting that choppy stocks hopefully will level for direction in a few weeks but with this virus who knows
Very good article.
Since your familiar with the macrobiotic diet thought I’d mention that black beans part of the diet has selenium along with other nutrients among other nutrients.
Old folks and the virus
Many older people take pain meds that seems to make them more susceptible and have far worse symptoms. I do all the regular stuff; vitamin c, selenium and other system enhancements. My VA doctor thinks I need all the shots and other convention chemicals the VA pushes. I politely decline. Big pharma killed thousands but always seemed 5o buy their way out.
rno
Are the banks going to end up owning a lot more homes and a lot more people turned into renters? Probably
Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”
redneckokie1
Long term I think silver will be a great investment but lately … well it’s a bad joke how it’s been beat down.
“New Normal” LOL Yeah we can call it “Crazy Times.”
Cheers be safe
Ipso
The vast majority of my pm investments is in phiz. The vast majority of that is silver.
The futures market has become so volatile I stay away. Live cattle, feeder cattle and hogs are making extended limits move daily.
i have a feeling we are headed for a new “ normal”.
redneckokie1
Cold here too … slowing down the garden work. I read someplace that there’s a shortage of seeds, lots of people putting in vegi gardens.
How’s your PM investments? You making any dough?
Having ‘come out’ as the infamous VIX-whale “50-Cent,” London-based fund manager Jonathan Ruffer
50-Cent” Shifts Away From VIX ‘Catastrophe Insurance’: “Gold Is Now The Right Place To Be For Battles Ahead”
Elsewhere, gold has been somewhat disappointing, with its performance weighed down by forced sellers.
But we think gold is the right place to be for the battles ahead.
In January – amid the roaring meltup in stocks – Ruffer proclaimed:
Having ‘come out’ as the infamous VIX-whale “50-Cent,” London-based fund manager Jonathan Ruffer has called it quits on his VIX-call-buying strategy:
“In sum, the catastrophe insurance did absolutely everything that might be expected of it. And it is now spent. It is likely to be some time before this insurance again prices at levels that makes it attractive as a defensive investment.“
The next defence was – and still is – a position in credit spreads.
Ipso
The water is still cold. May and June work.
rno
Just another thing to worry about.
Lots of pictures coming out videos of Chinese stepping on masks, putting hands all over not gloved, blowing on them
U.K. received notice a batch of test kits sent were contaminated with the virus.
and reckons on a big depreciation in the dollar
Another theory is that Russia is hugely aware of the enormous debt situation which has been built up by the USA and reckons on a big depreciation in the dollar as a currency as a result. This would likely lead to a massive gold price increase in U.S. dollar terms (in effect a dollar devaluation) leaving the Russian Federation with a more than adequate forex reserve level by comparison. The huge hit to the U.S. economy from the coronavirus would serve to make this an even more likely occurrence. We are already seeing a downturn in the dollar index from this.
Please put aside what you think you know about this “virus”
And open your mind.
This corona virus has not been isolated nor has it been proved to be the cause of this disease, according to the standard medical procedure known as Koch’s postulates. There are medical doctors who are saying that this virus is not contagious, nor is it the cause of any disease.
Something else is causing this outbreak.
To understand this, please watch their excellent presentations:
Dr. Thomas Cowan
Dr Andy Kaufman
Mr Copper 16:11
I agree and we have some here too.
Now shifty here Schiff hiding out somewhere is talking about another bogus investigation on how Trump handles the virus. I have nothing to say to that wouldn’t come out bad and initiate the red flag laws lol
It’s all money with it besides pc votes by fellow morons. Even anti gun laws they need more taxes to “ monitor” that. Tax tax tax behind it. Strip your rights they profit.
Georgia currently up to one now. It never ends with them till their voted away.