How is President Trump doing? With a one being worst and a ten the best.
Total Voters: 36
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There’s lots of woke websites where they’d think you a horrible person for saying that! But the truth is the truth.
“Not end well” Odds are not good for a nonviolent outcome … perhaps it’s too late already. Multiple sovereign suicides assisted by globalist funding. Will Notre Dame be turned into a mosque?
Cheers
The RBA held its cash rate on Tuesday. Rates worldwide leapt Tuesday night here, TuesDay elsewhere, vindicating her decision. CBs don’t control rates, except maybe a bit at the short end. Cutting their rates as the market pushes real rates higher would make them look even more stupid.
I wonder if most people think that a bond is like a term deposit? It’s the opposite. With a TD the bank offers (dictates to) me a rate for a fixed period. It’s my choice whether to accept or not. Bonds are sold at auction, the interest rate is set by the me, the purchaser, i.e. the market. My current TD’s taken out only a month ago, are at 4.1% for 12 months. The RBA’s “cash” rate, whatever that really means, is and was 3.85%, so even my bank had to dictate a higher rate that the CB notionally stipulates. Cutting to 3.6%, the expected move by 100% of the experts and economists, would just have been suicide when the banks are already having to pay half a percent more in the market.
The northern countries were the hardworking innovators, the southern ones the subsistence nations, doing just enough to get by, fishing, farming, a few buildings, rest of the time on the beach or dealing with amorous females. Not that there is anything wrong with that, per se, a relaxed lifestyle is great – but don’t expect the trappings of mechanised and electrified economies for free.
The northern countries then started lending money to the southern countries to buy their stuff. We know where that ended up. Where is Italy’s industrial heart? In the north, where they do get snow and cold winters. Where is Spain’s manufacturing base? No snow. No base.
But the northern countries have imported millions of real southerners, from the ME and Africa. These people don’t know how to work, or even why they should. In the good old days a village might have its idiot, and they were tolerated and looked after as part of life, not their fault anyway. Now 10% of the village comprises of intentional idiots. This will not end well.
No doubt we’ve got a strong market in pm’s. $3300 has held like a champ but I’m always wary of these sideways moves that always seem to resolve down. I don’t like that we’re flirting with the 50 day, and the shares are acting weird. GDX was down on heavy volume yesterday, today it couldn’t even manage avg. volume. That’s not normal, almost like they tried to suck people in today before they pounce into the weekend. I really hope not, but we’ve seen this movie before.
FWIW I still see Gold as needing longer to correct……and so far the price correction is v small, which points longer term to a v strong mkt .
up sixteen percent on heavy volume, closed near the day’s high !!!
has a path through the army corps of engineers’ regulatory swamp been found?
is there light at the end of the tunnel? (muzzle flash?)
there’s a TRILLION DOLLARS worth (at least) of metal in that deposit. sooner or later, someone will dig it up. it’s primarily a copper deposit, but there’s lots of other goodies there. has anybody been following the copper price??
I cannot figure out why the magnitude of the smash in the shares yesterday.
Turned out to be a pretty good buying op for a lot of them though.
Would have liked to see HUI close above 420 and GLD back above the 50 dma, but the guys that pull the levers of power said nyet.
I think we could go either way from here, there’s definitely been a long pause in the action for gold. Silver better giddy up through $37 soon, or they’ll smash it back down.
I’m betting we head south tomorrow and Friday. I hope not but my gut says down.
… this guy is great … not afraid to point out how corrupt the commies in Ottawa are …
Gee I wonder if the King (Rothschild’s) will send the Red Coats (or US Army – because they run Trump and Co too) to quell the dissent.
Chuckle
I’ve been kinda sick for awhile but on antibiotics for pneumonia a couple days now to get the energy for more tests my doctor wants but not going to wait around. Feeling a little better today. Kinda Less coughing and pain it causes.
Don’t forget tarriffs either.
I looked up third eye today a few minutes ago who can follows it better without distractions. Good timing. He had a lot to say.
Although I could add as far as including adding housing in inflation data vs Europe who doesn’t Powell was part of that buying up mortgage backed securities and leaving zero interest loans for Wall street buying them up. Now using it to keep rates up and fixed it so affordable cost will never go down seems what they were up to. Here’s what third eye said. I’ll try to send a couple of his charts in a minute. If not I won’t lol
7-9-25 5:34am Powell is the worst FOMC Chair in USA history. He’s costing us all so much money. This narcissist won’t leave on his own. Plus he’s controlled by Elizabeth Warren. They both hate Trump and are holding rates high to F with Trump’s economy. THERE IS NO INCOMING INFLATION, that’s a ruse to justify high rates longer. Europe EXCLUDES COSTS OF SHELTER. If that were done in USA, the core inflation rate is 1.9% with rates at 4.5%. Europe had ten .25bps rate reductions. Their HICP (core minus shelter) is 1.9% with their rates at 2.5%. THE FED IS PURPOSELY 2 POINTS HIGHER TO KILL THE TRUMP ECONOMIC BOOM into the mid-term elections. The entire board should be fired for their left-leaning partisan stance on rates. The USA overnight rate, to be equal with Europe, should have already been at 2.5%. The Fed, if not partisan (they’re not), would have continued with seven rate cuts by now from Trump’s election. See how they work? Both Bitcoin and the S&P 500 index are carving large inverse right shoulders. They are waiting for Powell to crumble under pressure, or be outright fired for lying to the Senate regarding their $2.5B building upgrades. Sure, they’re so concerned about the little guy. They’re not.
re your “More important here. Would you put it past Powell to mess with the bonds here to mess things up with Trump? Not to mention the economy that he already showed he doesn’t give a rats tail about.”
I think the Fed is scared stiff to lower the rates, because Gold is on new highs with high rates. If he lowers the rates, Gold would make higher highs. Maybe he’s more focused more pro globally than domestically.
In a sense I think the fed is acting as the global central bank. After all, it was created in 1913 so the USA can finance global wars. We lost our independence on that day. But IMO they are losing since 9/11/01 which ended and reversed the world that lives as one.
Interesting theory. It reminds me of what Richard Burton the explorer had to say. He said that women in hot countries were more amorous than the men and in the cooler countries it was the men who were more amorous. I dunno!
Cheers
Things to do, I’m out for a bit.
Hot climates are difficult to manage.
The heat slows you down because you can’t freeze to death over a few minutes/hours can you.
The threat of keeping ahead of death in northern climates keeps you thinking. (The vast majority of important innovation has occurred in cooler climates.)
And then of course there is the greed on both sides of the border.
Cheers
Thanks for your view. Mexico is sure blessed with silver! A shame their society doesn’t work better … I guess it’s on account of all the gringos buying real estate there … 🙂
Cheers
Ya but it sure would help the price of silver … which is why it will never be allowed to get critical. (because the commies need cheap silver for their bombs, circuits, etc.)
It’s no mistake this fighting between the US and Mexico is front and center right now.
Not only do the commies need to resupply their munitions, but it’s also off season for tourism in Mexico.
You want to believe this will be on the down low as November rolls around.
Cheers
The speed at which markets are moving, is seemingly intensifying.
Take Oil for example:
Between this past Sunday and Monday, the Houthi rebels launched another assault on a bulk carrier named Magic Seas using small boats and bomb-laden drones……The goal would seemingly be to choke off this critical maritime chokepoint and escalate the price of Oil.
What headline comes out this morning: (from ZH)
“WTI Slides after Biggest Crude Build Since January.” (API actually reported that crude inventories rose 7.1 million barrels last week). I don’t believe any financial news that is being dissipated (just me).
I’ve alluded to this here before: IMHO, this is a major financial war between resource rich BLOC countries and debt laden Western economies that are trying to hang on for dear life…..
on a roll!
Red Sea Chokepoint Crisis: Houthis Release Dramatic Footage Of Cargo Ship Attack
LOL Don’t they work in the rice fields all day! 🙂
That robot runs just like a kid I used to know!
especially with their history of … can I say it … the “N” word … Nationalization.
re the future…where did they film that, I thought the Chinese all lived in shacks and the bicycle, was the most high tech item they had……I must have missed something. !!!!
The future is here.
Children in China play with their new Unitree robot. The new humanoid robot model by Unitree is now for sale to the public and is being seen all over China now.
Once they get close to the fiat spigot they flip every time.
The big money bribes (and fear of assassination?) do the job.
Look at Patel’s eyes.
Chuckle
