Loading ...I don’t know where you come up with your numbers lol I can see it now if they raised prices like that. In the end the people have a say in the prices. Airlines lower the prices get more flyers. If they raised it to 6000 and like comparing apples to oranges with housing in over populated areas getting worse with open borders vs transportation no one would fly.
I have to check out of here soon, somewhere to go.
Mr Copper
Ipso 10:14
Oh yes they still vaccinate for polio starting first few weeks of life but by injection here and virus not live.
That’s what caused the outbreak was the polio vaccine. There saying it was a traveler who from the Mid East.
Someone who took the oral live virus and now mutated acting like a wild virus.
Viral shedding and why it’s not safe for anyone who’s not vaccinated to be even around them especially if they are immune compromised. Something for travelers not vaccinated to think about.
Better sanitation , water filtration. Plumbing and waste management helped eliminate a lot of things in industrial countries anyways.
Anyways it was caused by vaccine shedding from a foreign National they said.
Did you see Biden blame Putin for gas prices. That’s why I posted that data showing prices a years plus before Biden and the war in when Ukraine broke their treaty. Prices going up by the month in 2021 and the war didn’t start till Feb 2022.
So Bidens playing the violin, would you rather have lower gas prices or help Ukraine. Are we sending gas to Ukraine?
I am sick and tired of all the gold analysts who deny the rig and devise all kinds of reasons
why gold is not an inflation hedge…I just saw a Bloomberg headline that said Canadian gold stocks have been dropping because of inflation…
@goldilocks re 7:24 Re Some Things Are Artificially Cheap
I was referring to sectors or industries where the Gov’t has ways of holding down prices, like they’ve done with so many commodities. Or rigging the system to enable cheaper imports etc. I often posted charts of Copper going back to the 1970s $1/lb with no increase in prices until after 9/11. Then it zigged zagged up to $4/lb for example. Where you can see the gov’t losing the ability to get away with that.
As for older people when we were kids in the 1970s, we were doing very good with inflation, it was easy to get raises, every three months for me where I worked. We were making everything here and the boss had to just make less profit. We other young couples with good incomes moved into apartments, and priced out the older folks. Probably on fixed incomes. So sure older people may have been eating cat food?
Re your: “Airlines were definitely cheaper. I remember as a student I could fly for 50 dollars round trip. ”
We bought two tickets NY to LAX $500 in 1979. It was like 3 moths rent. My 1 bedroom apartment rent was $135/mo with utilities. A 1 bd apartment today is like $2000 X 3 the tickets were like todays $6000. The apartment was below market, and tickets prices were normal and affordable for the times.
These days the tickets have been held back. Hell the 9/11 day those planes only had 40 on board, loads of empty seats. How can airlines afford that without gov’t help. 40,000 planes in the sky at one time?? Even today, too cheap, zillions of people are or can afford to be frequent flyers, so much so not enough pilots lately. Why can’t prices be what they are supposed to be? Supply and demand setting the prices. Thats capitalism.
Not today. The artificial PRICE sets the demand an supply. Look, they screwed everything up, it all crashed in 2008, and ever since the system is trying right itself, as the central planners keep trying to fight the symptoms of change and reversal. The Game is ending, and they are resisting that end or reversal. The fake unit of account keeps changing. The chart below shows the boom and bust prices net flat until 2004, clearly see they can’t get away with it anymore. Most other charts look the same.
ipso facto
Tks
Gonna be in France…first time in 3 yrs, as now allowed to travel….at long last..though still need a negative Covid test……be interesting to hear what they have to say, as the place looks like it is slowly falling apart…from here..
Suckitude reigns supreme
death by a thousand cuts. Whatever gains we made yesterday are erased, at least in my accounts.
USD fighting all the way back. Still, this is a really shitty day.
ESG has officially collapsed its 1st economy.
Sri Lanka hastily pivoted away from essential fertilizer in the name of ESG and watched its crop yields plummet.
Now the country can’t pay for imports and the PM is declaring a complete collapse.
Virtue signaling is dangerous. pic.twitter.com/TOxEZMU3w7
— Marty Bent (@MartyBent) June 22, 2022
Maddog
Have some fun!
We’ll have the market higher for you when you get back.
KOW
Buygold
Re Oil
A mate who is very dialled in, shorted Oil 2 days ago..now he is a v good trader and reads charts v well…but he also has some v good contacts……This may well be a bear raid to shake some longs out …not sure it will work….it’s already bouncing off the Lows.
Buygold re: AXU
Evidently they aren’t mining enough ore to keep their mill operating. Tough to make money when your mill is shut down!
Morning Ipso
No, I didn’t, I’ll take a gander. I’ve never seen the COT wrong if given time to play out.
I like everything pm to bounce back, except AXU which I just dumped because it looks like it’s going to zero.
We have rates and the USD starting to dump in earnest. If we can’t react to that today, I dunno what it will take.
goldielocks @ 10:03
Interesting … I didn’t know they still vaccinated for Polio.
Ipso
They need to stop giving the live oral polio vaccine. The unvaccinated will be at risk. They don’t give kids the live virus in the US anymore. Unfortunately children and those with weakened immune systems need to be immunized in that area but the ones with weakened immune systems including infants and children should specifically NOT take the oral live virus type. It’s too risky.
Buygold did you see this? FWIW
The “Washed Out” Silver CoT
Recent data from the CFTC suggests that COMEX silver positioning is the most favorable since June of 2019. While this does not preclude more downside, it certainly suggests that any further price drops will be shallow.
https://www.zerohedge.com/news/2022-06-21/washed-out-silver-cot
*PUTIN: BRICS ARE WORKING ON BASKET-BASED RESERVE CURRENCY
— *Walter Bloomberg (@DeItaone) June 22, 2022
Richard 9:11
Lol Available tools. That what that SLEDGE HAMMER he was carrying was for.
If your immune system is compromised …
NEW THREAT First outbreak of highly infectious polio detected in UK since 1984 – the 6 signs to know
https://www.the-sun.com/health/5615177/first-outbreak-highly-infectious-polio-uk-signs/
B2Gold Announces Positive Exploration Drill Results in Mali from Fekola North and Anaconda Area Exploration Drilling
https://finance.yahoo.com/news/b2gold-announces-positive-exploration-drill-071400162.html
ALEXCO PROVIDES KENO HILL OPERATIONS UPDATE
https://finance.yahoo.com/news/alexco-provides-keno-hill-operations-110000510.html
McEwen Copper Closes US$15.0 Million Second Tranche of Private Placement
https://finance.yahoo.com/news/mcewen-copper-closes-us-15-175300228.html
GR Silver Mining Discovers High-grade Shallow Precious Metals Mineralization at the Plomosas Project
https://finance.yahoo.com/news/gr-silver-mining-discovers-high-101500335.html
HighGold Announces Positive Metallurgical Test Results from JT Deposit Alaska, USA
https://finance.yahoo.com/news/highgold-announces-positive-metallurgical-test-103000642.html
Blackrock Completes Synthesis of Silver Cloud Data and Has Identified 10 High-Priority Drill Targets
https://finance.yahoo.com/news/blackrock-completes-synthesis-silver-cloud-110000987.html
Sokoman & Benton Commence Drilling at Grey River
https://finance.yahoo.com/news/sokoman-benton-commence-drilling-grey-111500776.html
Endurance Reports Eight Additional Gold Intersections from Reliance 2022 RC Program
https://finance.yahoo.com/news/endurance-reports-eight-additional-gold-111500791.html
Opawica Provides Update on Arrowhead Drilling Program
https://finance.yahoo.com/news/opawica-provides-arrowhead-drilling-program-123000985.html
Perpetua Resources Receives First Permit for the Stibnite Gold Project
https://finance.yahoo.com/news/perpetua-resources-receives-first-permit-123000120.html
Westward Gold Provides Update on Toiyabe Drill Campaign
https://ceo.ca/@thenewswire/westward-gold-provides-update-on-toiyabe-drill-campaign
Kestrel Gold – Announces 2022 Exploration Plans
https://ceo.ca/@accesswire/kestrel-gold-announces-2022-exploration-plans
Osisko Development Intersects 19.81 g/t Au over 9.80 meters at Cariboo Gold Project, Shaft Zone
https://ceo.ca/@nasdaq/osisko-development-intersects-1981-gt-au-over-980
GSilver Discovers High-Grade Historical Tailings Material at El Cubo Assays 727 GPT AgEq Over 1.2m and 711 GPT AgEq Over 1.0m
https://ceo.ca/@accesswire/gsilver-discovers-high-grade-historical-tailings-material
Blue Star Gold Commences Drill Program at its Ulu Gold Project
https://ceo.ca/@newsfile/blue-star-gold-commences-drill-program-at-its-ulu-gold
Anacortes Mining Provides Update on Tres Cruces Drilling Program
https://ceo.ca/@newsfile/anacortes-mining-provides-update-on-tres-cruces-drilling
Tower’s First Two Follow-Up Drill Holes on Lightning Zone Return Long Intervals Surpassing Gold Grade of Discovery Hole: Hole 028 Cuts 138.0 m @ 1.55 g/t Au including 24.5 m @ 4.76 g/t Au, Hole 029 Cuts 70.5 m @ 1.78 g/t Au including 13.5 m @ 4.92 g/t Au
https://ceo.ca/@newsfile/towers-first-two-follow-up-drill-holes-on-lightning
It IS different this time=We are at the end of failed government programs. The retrace is taking us back to the 1930’s.
First of all, 8.5% inflation my @ss. Just saw a food item I buy at the store go from $5.89 to $7.89 in a week, there is no way inflation is that low.
Second of all, Crypto has marginal value but like Tulips, saw a bubble. Can’t blame anyone but the purchasers for wanting to get rich quick and facing the consequences.
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Tight labor market”??? In April 2020, the Labor Force Participation Rate hit a 50-year low. It has crawled up a few points since then to 62.3%, but that is still way below the February 2020 pre-lockdown rate of 63.4%. And 63.4% was still way below the all-time-high participation rate of 67.3% from all the way back in…drum roll please…April 2000, right before the dotcom crash. We have yet to recover from the dot-com crash recession over two decades ago!!
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If the labor market is so “tight”, why isn’t anybody working in it???
https://fred.stlouisfed.org/series/CIVPART. https://www.zerohedge.com/economics/ramp-capital-everything-broken
The 1930s? Try the 1330s!!!
Or maybe there’s something you don’t understand about “owning nothing“… just like a Medieval serf??
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Yes. This isn’t just another bear market. This one is leveraged on an astronomical amount of debt and built on a fiat currency standard. There is no coming back. Over the cliff we go.
This just goes to show how far behind the curve the Federal Reserve is with regards to taming inflation with their policies and “available tools”. In fact, as pointed out by Simon Ree, once inflation goes above 5%, it has never come back down without the Fed Funds Rate exceeding the CPI.
The problem is the current inflation rate is 8.58% and the effective Federal Funds rate is only 1.58%. A 7% delta leaves a lot of room for the Fed to continue hiking until it starts seeing inflation roll over. Their goal would then be to slow down the magnitude or frequency of hikes (and to get further off of zero in preparation for the next easing cycle) while inflation rolls over so as to encourage the so-called soft-landing.