sorry to hear of the damage. We’ll be hunkering down tomorrow and Wednesday for Ian. Although it looks like it will hit landfall a little north of us tow Tampa.

I have no idea what’s coming and since I moved, I’m not prepped like I used to be. Left the Generator and our one year food supply. We ‘ll be OK though, my wife and I could stand to lose a few pounds. 🙂

It does look like interventions in the short end of the yield curve.

Oil blipped positive. This is going to be a good day for us, but we might need the SM to help which sucks

Hey All

Post hurricane Fiona is bad.     NO power for three days.  I live by the hospital so hope to be restored tmr or wed.

Thousands and thousands of trees down

Many people have shingles off to bare wood and we are into heavy rains today and tmr.  What a mess.  My best friend is looking at gutting four rooms in his house, in addition to the new roof.  At least he is insured.

I put steel shingle on 8 yrs ago, thank God

Cant work from home so taking a “vacation” day today and hoping office opens tmr

No gas No grocery stores open

Rural areas could be looking at 2-3 weeks off the grid

Thankfully well prepped with food, fuel, generator and a weeks worth of gasoline.

Peeking at the markets,  looks like something will blow up soon in currencies

Gold still near ATH in CDN dollars

Onward Pilgrims

Winedoc

but it looks like the GBP is up against the USD slightly now.

I like the way G & S are hanging in right now, especially with rates soaring and the USD up.

I’m calling a top in the USD. Too many folks betting on it going higher.

THIS….IS….IT!!!!!

BHP and RIO have to be one of my dumber calls….a mate threw a good chunk of change into ’em after I pointed them out……he has not called in a while !!!!!

Re Truss….she has made the right calls on tax, but made no effort to cull the state…which is out of control, or drop Net Zero…..unless the economy takes off, which by not really addressing Net Zero, it can’t…as loads of SME’s, the entertainment and hospitality industries are all going bust, due to crazy energy prices.

Though I have to wonder what is really going on, as no-one has run a sane budget for decades, all over the world…..why do the mkts suddenly worry about the UK ??????

Been watching BHP and RIO since you mentioned their dividends a while back.

They have been crushed, rightly so as I’ve got to think those divi’s are going to get cut back with the falling metal prices.

Rates screaming higher again…

I don’t think the rig is goosing the USD – at least intentionally. The strong dollar also hurts us, and things are way out of whack.

However, you may be right about derivatives blowing up somewhere. These derivatives are all likely tied together and if one or two big trades blows up, the rest will follow.

I think that is so great about Meloni winning big. It indicates to me that people are waking up to these lunatics and their climate/LGBTQ/education bullshit. Hopefully Italy exits the EU and that whole shitshow goes belly up.

Looks like Truss seems to get what is necessary to help her people and the economy with tax cuts and removing the roadblocks to more drilling to protect her country from shortages. We could only be so lucky with Biden, the RINO’s and the progressives pulled their heads out of their asses.

BTW – there is one currency strengthening against the USD – The Ruble

Soros and Co got a good kicking in Italy……..the only way that lot win now, is by bent votes….

Our main opposition party is having it’s annual conference, right now….they decided that going Green and Net Zero will be their main plank…..just as everyones bills are going parabolic…..!!!!!!!

SM futures on a one-way ticket down.

Funny, not much is up except gold and Bitcoin, and they aren’t exactly screaming higher.

I get this eerie feeling that we are in for one helluva October surprise courtesy of Soros and the Biden gang.

Have the Banksters built themselves some new Derivative, that has caused this non stop Dollar bid…..which is beginning to possibly compound……as every day the Dollar is bid up, almost non stop…..or is the Rig going crazy, with it’s dollar bids.

What is just as bad is that so far we hear nothing, from anyone in charge of this shiite show, no -one is even trying to calm the mkts , let alone proposeing any real solutions……Which suggests they have no idea, what to do….what a surprise….

The wheels may soon start to fall off, as the mkts are beginning to laugh in the CB’s faces….and that is when all credibility is lost.

https://www.zerohedge.com/markets/pound-flash-crashes-500-pips-record-low-amid-global-fx-carnage

The above explains why what the Japanese are doing, is driving dollar higher, via pushing 10 yr rates up.

Thanks, but wow. That’s like trying to bail water out of a sinking boat while the left here are putting in more holes by printing more causing more hikes. Did they tell them it’s transitory too?
I don’t know if it’s going to be all that transitory even if they stop hiking.
They might not want a repeat of cheap money like Wall Street getting cheap loans to buy up all the housing “ so people will own nothing” and keep it higher. If they had any sense although haven’t been showing any. Congress needs to come up with laws to stop them.

The thing is especially Europe is they’ve been getting a free ride on us way too long and have they been taking advantage shorting our dollar causing us inflation while there’s go up?!!! So the Fed doesn’t want to hurt other countries at the expense of ours?
They kicked the can down the road and with our spend thrift lunatic leaders, print more debt since interest is so low. Now it can not longer be ignored and will cause more damage to us and everyone to get it back down to their target. The real numbers don’t even reflect,

I’m guessing they created their own debt and don’t want to raise rates themselves.

I understood that the Japanese were selling treasuries to raise dollars and buying Yen to support their currency.

Looks like they got things under control with the Sterling, but there’s still a lot carnage. The Yuan is getting hit pretty good.

What if this turns out to be the spike up and mother of all reversals in the USD? The rest of the world sure needs the USD to take a breather.

The Sterling just went positive against the USD.

Silver snake
https://railpictures.net/photo/800794/

I don’t quite understand how selling the dollar buying the yen drives up the 10 yr yield “ guess they buy it with the yen” that drive up the dollar. Why they would do that? I never thought of a short Squeeze going on GLOBALLY with dollar speculating a top with shorts causing a squeeze panic. They knew a head of time Powell was going to be raising interest rates. Didn’t they connect the dots?

Yeah I caught it.
I have no doubt some of these events are being caused by weather manipulation that’s ruining the planet. Climate change. When the Haarp in Alaska was questioned years ago if they were responsible for the tornado that killed those school children they couldn’t deny it and allegedly and quickly sold it to someone else.
I don’t know how often they do their practice so don’t know if related. Quakes along the ring of fire tend to happen on land towards and in winter it seems so may be why they were having one but yes seems to have happened more than once.

Things are a changin’. Slowly at first, then all of a sudden

Pound Flash Crashes 500 pips To Record Low Amid Global FX Carnage As Things Start Breaking

96 Food Plants, Facilities Damaged or Destroyed Under Biden Presidency

Catherine Salgado

Jun 11

Are we facing a planned famine? According to a list published on Gateway Pundit, 96 US food plants or facilities have been damaged, destroyed, or impacted by allegedly “accidental” fires or other events from 2021 up to now—that is, during Joe Biden’s administration. Coincidence? With leftists prating of climate change, population reduction, and overpopulation? With all the evidence that the Covid-19 plandemic and the deadly vaccines were planned (and certainly continued) so as to ensure more deaths? As Bill Gates said in 2010, he hopes to reduce the world’s population by 10-15% (including through vaccines).

Europe’s unelected authoritarian ruler, Ursula von der Leyen, is not going to be happy: according to early exit polls out of Italy’s national election, the right-wing bloc of Giorgia Meloni – which the ultra-left wing press just can’t stop comparing to Mussolini – is set for a historic, if largely expected, victory and a clear majority (if, however, not a super-majority) which will propel Meloni to the top of the Italian government as the country’s next prime minister, ushering in a historic right-wing shift for a country that – like Sweden until two weeks ago – has traditionally been very left-wing.

https://www.zerohedge.com/economics/melonis-right-wing-alliance-wins-clear-majority-italian-elections

Europe could also liquidate gold to pay their utility bills and food. Running to US dollars. I won’t trust buying gold till they are buying it.
Until then the dollar is still a safe haven.
It’s fueling the immigrant crisis.
Think of it. Bunch of people rent a small apt each paying a small portion for the rent. With increasing pay for unskilled labor even if the save 1000 a month. They transfer to their bank say in Mexico at 20/1 that’s 20 K pesos. They’ll be rich in no time.
What are we getting with the increased interest rates? Nada .05??? At least on 1980s they increased the interest.
Until I see a reversal in the rates and dollar decline will I believe it, or until I see it unfold there.
Didn’t they start lowering interest a rates before the 08 crash that went into 2008 and housing bottomed years later.
So will they get tricked again when it gets reversed.
Probably to pull the digital currency they can dilute next and charge you for holding it.
I wonder if they have a short financials in Europe. I know they have a short Euro here. They’ll probably move to US and other markets.

And this is the picture.

IMO the ETF supposed silver inventory does not exist. If it does exist, why don’t these ETF’s permit periodic physical auditing of their silver supposed inventory?? Or for that matter, why don’t ANY ETF’s allow this?? IMO all these ETF’s are just empty bags of hot air, blown up to their bursting point….and when they pop it will be disclosed that they are empty….and that is when silver will hit ~$120 per ounce.  All IMO but WTHDIK?