Loading ...Not as bad of a start as it looked like it would be earlier
NEM just recaptured its 50 dma, as did GOLD
Very good sign for the HUI if it holds up – that’s a big if though, it’s already been rejected
Here come the droooooolling bargain hunters
hoovering up Tesla @ $ 35 discount…fill ‘er up and keep filling.
iposfacto
50 % yup…my wife says a number of items have jumped by that amount, during Bat Clap.
It could be price gauging or inputs…not sure.
Buygold
Morning
As u say we have a bad problem today, 2nd day and the SM is real weak….scum cannot allow that Bull Pm/Bear SM arb to get going, but where do u put yr money.
What chance do u have of Tesla going to 3000 against the Hui getting back to 600 plus………
Maddog @ 1:48
“50 percent inflation on food”
Wow that’s a scary number! Around here there’s constant inflation but so far no big jumps like that. The true rate of inflation has been higher than the gov numbers for many years … the hidden tax.
In bars the price of drinks … sometimes the skies the limit! š
8:20am-The Naz is resisting the drop but if the DOW + S&P keep dropping, it’ll join the party
-But…but….the “gift thst never stops giving” FED promised to make babys’ boo-boo better for as long as it takes…so why is anyone selling?…snort!
R640
Yeah, but that is misleading because those gains were made yesterday after the Fed meeting when the Crimex had already closed. JNUG had some nice gains in the last couple hours yesterday, I think up around 10% or so.
It will be interesting to see if dip buyers come into the pm’s after the initial slam at the open.
Where else will they go? Bonds? Big Tech?
Buygold–Aug gold up 12.80–so what’s the logical thing to do?
Why sell JNUG, of course=it’s down 5.87 or 5.8%
Morning Maddog
Yeah, we’ll be told they have to sell PM’s for “liquidity”
No doubt, other than PM’s getting monkey hammered, this is not what the Fed wanted to see the SM do.
Not sure what tools the Fed has left to save the SM other than buying stocks themselves.
This is going to be interesting
What will pm’s do if the SM starts to crater for the 2nd time?
USD bouncing slightly but not much, bonds rallying, oil getting crushed.
So far pm’s ugly but that was going to either come yesterday or today no matter what the SM did.
I guess they’re blaming the virus and the Fed’s doom this am – whatever dude’s.
SM looking weak, so scum revert to plan A
Dollar goes Bid and PM’s under pressure.
Ding Dong? Maybe…the FANGS aren’t down much at 5:00am-I picked up these jewels yesterday…
Asia & Europe & bonds are confirming…fungers crossed…
Filled Buy to Open 200 SQQQ Jun 19 2020 9.5 Call Limit 0.07 — — 14:23:00 06/10/20 Ā
Filled Buy to Open 200 SQQQ Jun 19 2020 9.5 Call Limit 0.06 — — 14:19:39 06/10/20
ipsofacto
re inflation…dunno about the US, but my wife tells me lots of our food is up by 50 % recently. Of course no mention in MSM and no doubt the ‘official figs’ will not show it.
I use a simple method…a round of drinks for two…not long ago u got change for Ā£ 5 note. now no change, from a Ā£ 19 note….and that was when they were open.
Buygold
The scum are back all right…classic o/n action…just a constant drift down. scum on the offer non stop.
Again Bonds bizarre, more worried about SM falling, than unlimited borrowing/printing.
Mr.Copper @ 16:25 on June 10, 2020
I said a long time ago that the Fed should PRINT what it needs to run the Federal Government..to provide for the common defenceĀ ..
The States should TAX the people for their needs because the FED has no business in education and welfare ..The statesĀ need to compete for citizens and good governmentĀ ..Their budgets get out of hand ,taxes will rise and people will leave for a better managed state.The fed should PRINT money for its needs as it alone has the authority to print. Thats how the Federal government can control inflation and wild spending for pensions inside the States .
DO NOT Federalize anything except DEFENCE ..there will be balance budgets or people will move….STOP federalizingĀ and it all gets in Balance..
JUST print enough money to aid in commerce ,thats how you control inflation and depression and you can END THE FEDERAL RESERVE ..The money supply controls it all.The current Federal Reserve prints money out of nothing,take that away from them ,its un constitutional and bad policy. The Bankers produce nothing but DEBT ,who needs them ? Federal debt will dissappear ! think about that and the TAXES that go along with it .Its nothing but a scheme TO EXERT control OVER THE PEOPLE …NOT NECESSARY ! THE FEDERAL GOVERNMENTS JOB IS TO PRESERVE AND PROTECT YOUR CONSTITUTIONAL RIGHTS ..Let the STATES run their Governments and their TAXES.NO federal Taxes period….NO IRSĀ ….not needed .Its all a Power play for ego maniacs that want to tell you what to do. Communists.NO Federal BAILOUTS needed.
When will it start to show? We have inflation now but nothing like what is coming.
Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days
Looks like they’re coming for us tonight
wouldn’t be a surprise after a good day today.
They usually get us either the day of or the day after a Fed meeting.
We’ll see tomorrow.
Over 65 and a homeowner? Be prepared to be audited.
Pelosi wants to audit those over 65 with a home.
https://dailyworldupdate.us/mah-house/?fbclid=IwAR1sxK_3KvSTBytvwn3PxT4npxMHhpt9tzkVBWyi8jO8GXM9NFDg7yZeB0c
More Canadian money going out. How dies this work with the green movement?
Trudeau sending money to Saudis. Or shoud I say more power.
Trudeau DOUBLES Military Exports To Saudi Arabia With $3 BILLION CONTRACT