Loading ...…has been steadily climbing since early this a.m. it’s green now even in the metals are down a little.
@ipso facto, re your slippery slope and Dopey/Dollar Makes Dopey/Prices
You gave me food for thought, like most of you guys do. The dopey/dollar can slip two ways. It can slip and slide downward in value re Gold $5,000/oz, but it can also slip upward in value regarding other things like cheaper homes in cities town losing population, higher taxes, less jobs.
Maybe its good to have both? You can always convert Gold to Dollars, at $5000/oz and buy cheap other things. I remember around 1980, a $1,000 face value Junk Silver Coins could be turned ito cash and buy a house. In my area.
The Silver bags got to $35,000, and houses were $25,000 to $45,000. Mortgage rates were 18%.
Mr. Copper
“This is all one BIG GOING AWAY PARTY, for the Federal Reserve and their alleged US Dollar.”
The dollar indeed appears to be on a slippery slope …
Dynamite must be tempting. Why should they continue to operate the mine when it appears it’s being taken from them?
Papua New Guinea hits back at Barrick for halting Porgera
Papua New Guinea is threatening to take immediate control of Barrick Gold’s (TSX: ABX) (NYSE: GOLD) Porgera mine after the company’s local unit halted operations over the weekend following news that the mining lease would not be renewed.
Barrick, the world’s second-largest gold miner, and its joint venture partner, China’s Zijin Mining, had applied in June 2017 for a 20-year renewal of the mine lease, which expired in August.
Since then, the company has faced backlash from landowners and residents over what they claim are negative social, environmental and economic impacts from the mine.
Negotiations with Porgera’s operators were complicated further by a split among the landowners.
The mine manager, Barrick Niugini Limited, halted operations on Saturday because it said the government had not given it any formal notification on the lease renewal rejection. It also said it had not received any detail over the imminent change of hands.
Prime Minister James Marape said in a Facebook post late on Monday that he would be “forced” to take immediate control of the mine if it remains closed during the transition period.
cont. https://www.mining.com/papua-new-guinea-lashes-out-at-barrick-for-halting-porgera/
USO Reverse Split – so they can take it back to $2
Reverse Split for USO Shares
Shares starting to lead?
Most everything I have is green. HUI only down 1.5 pts. as the SM gains fade.
Would much rather see our pm’s go up regardless of what the SM does.
This little correction has been a sideways event, will be interesting to see what happens if the SM really starts to take a dump.
10 yr. rally a bit – rates down to .62%
@Richie @Maddog @Buygold @ipso facto, Re The Fed And All The Monopoly Money
Its time to be happy. This is all one BIG GOING AWAY PARTY, for the Federal Reserve and their alleged US Dollar. It isn’t really a US Dollar. As defined in the US constitution. It has been doing business illegally as US Dollar.
Right now they have nothing to lose. The “credit card” is still working, the “owner” of the credit card has “passed away” (taxpayer?) and the authorized user knowingly continues using the “card” of a deceased owner which is totally illegal.
The so called booming economy was starting to fail in late 2018, that’s why and when the rates started dropping again. The “deceased” has been on artificial life support, a long time. Its a big global welfare state.
There are people around me that got free $400,000 to raise their houses and get new bulkheads for new requirements after Sandy storm. Also a new Tappan Zee bridge, a new small bridge near by they milked for years. We have new gas lines, new water lines, new water meters, and recently new utility poles. Plus so many other unneeded things it would take too long.
Normally, a profitable society making good money and profits and paying taxes comes first. THEN you black top the dirt roads, and add utilities and lighting etc. You don’t do those things first to create a profitable society.
Everything gradually went backwards, and before it all goes forwards again, there are going to be withdrawal pains. But now? Lets have a party. 🙂
The Ministry of Truth
Thanks YouTube for thinking for me – it’s not safe to hear any dissenting opinions. Any other news you can protect me from?
YouTube Censors Viral Video Of California Doctors Criticizing “Stay-At-Home” Order
Tue, 04/28/2020 – 09:15
Authored by Paul Joseph Watson via Summit News,
YouTube has censored a viral video in which two doctors criticized the logic of whether California’s stay-at-home coronavirus order is necessary.
The video, which had racked up over 5 million views, featured Dr. Dan Erickson and Dr. Artin Massihi, co-owners of Accelerated Urgent Care in Bakersfield, Calif.
In the clip, Erickson asserts that there is only a “0.03 chance of dying from COVID in the state of California,” prompting him to ask:
“Does that necessitate sheltering in place? Does that necessitate shutting down medical systems? Does that necessitate people being out of work?”
Erickson also asked why fatalities were being counted as COVID-19 deaths when other ailments were actually more to blame.
“When someone dies in this country right now, they’re not talking about the high blood pressure, the diabetes, the stroke. They’re saying ‘Did they die from COVID?’” Erickson said.
“We’ve been to hundreds of autopsies. You don’t talk about one thing, you talk about comorbidities. ER doctors now [say] ‘It’s interesting when I’m writing about my death report, I’m being pressured to add COVID. Why is that?”
The video was deleted late last night for “violating YouTube’s terms of service.”
Earlier this month, YouTube CEO Susan Wojcicki told CNN that the company would ban any video content that contradicted World Health Organization recommendations.
However, Wojcicki suggested that this would mainly be focused on banning information about fake cures, not questioning of government policy.
The video platform has also set about banning any content that claims 5G cell towers are linked to the coronavirus outbreak.
During an appearance on Fox News last night, Dr. Erickson pointed to Sweden, which didn’t impose any drastic lockdown measures, but now has achieved herd immunity against coronavirus.recap featuring a curated list of must-read stories.
“And if you look at their numbers: 200 deaths per million compared to ours, [which is] about the same. Italy’s [is] about 400 per million and Spain is about 400 per million, so we are looking at this going, ‘OK, they took a completely different approach and their results are basically the same,’” said Erickson.
TRUTH is TREASON, in an Empire of Lies – Ron Paul
Richard640 @ 10:07
I think Gundlach is looking at months ahead. Do you think the SM is done going down? I don’t.
Maddog–LOL–he is the very scholarly, professorial one…
For the past 3 trading days we’ve had this ealy plunge in gold and the HUI and they both came back all the way…today I think they don’t
Twisting arms
Australia asks China to explain ‘economic coercion’ threat in coronavirus row
SYDNEY (Reuters) – Australia has asked the Chinese ambassador to explain his “threats of economic coercion” in response to Canberra’s push for an international inquiry into the source and spread of the coronavirus.
Australia’s call for a probe into the pandemic, which originated in the central Chinese city of Wuhan in December, has angered China, its largest trading partner, following a couple of years of diplomatic tension.
Cheng Jingye, Beijing’s ambassador to Australia, told a newspaper on Monday that Chinese consumers could boycott Australian beef, wine, tourism and universities in response.
R640
Bloomberg and CNBC may as well broadcast straight from the Eccles building…they haven’t got an independent bone in their bodies.
The one that drives me mad on Bloomberg is the guy with the bow tie…I was once told never trust anyone who wears a bow tie…
Doesn’t look like a turnaround Tuesday
drubbing is here in the metals, have to assume the shares will follow.
Damn
I heard on Bloomberg radio this morning that since the FED is the biggest buyer of u.s. treasuries
we can no longer call it a free market–in other words MMT is here, publically discussed and acknowledged and studiously ignored by market participants.
…so where does gold come into the picture what with this high confidence in the FED?
Thought I’d wake up to a drubbing
the way it looked last night anyway.
Appears a weaker USD and a rising SM might be helping a little. Not sure I’m crazy about the rising SM being a help though.
Shares don’t look great premarket, as usual we’ll see.
Maddog–I hear ya…same deal here…whne I was a kid, I remember the five of us
going to eat in the Steak N Shake restaurant–in 1948–the bill was $2.90 and when my dad left a 50 cent tip the waitress almost fainted…
FIRST IN SIGHT IT MUST BE RIGHT
R640
No Gold rally is such an integral part of the Rig….all those smug talking heads on the TV, telling us that the Fed has it all under control, so fill yr boots with FAANG trash and add some TSLA in for fun, would not look quite so smart, if Gold was blasting through 5 K…Meanwhile if a pub was open, u get no change from £ 10 for two drinks and forget having shorts…a large Gin is £ 12.00 …..No sir no inflation here…none at all.