Exactly right! The cretins are like an orchestra conductor…….
Strange Coincidence re Gold Price
Gold dropped from above $1950 to below $1850 in only two weeks before the Hamas Israeli war. And suddenly after the war started gold is back above $1950.
If the war started with gold above $1950? Forgot about it. Gold would be above $2100 easy today. Some people say “Nothing is a coincidence “.
https://finviz.com/futures_charts.ashx?t=METALS&p=d
Rates on the 10 yr have slowly turned south
now down 2 bips. Dollar up a little but still close to flat. Should bode well for us.
SM futures still down between .25-.50% nothing big.
Oil still up a couple bucks sitting at $89
Would love to see another $50-60 up day. SLV is approaching the $21.50 level again, whether it can break through it and keep going is anyone’s guess. The scum still has a lot of shorts in both metals, so while they are cleaning the Hedge Fund and CTA’s clocks in this squeeze, they still have a lot to cover themselves, that is assuming they ever have to cover their short positions.
GLD and SLV blowing through their 200 and 50 dma’s respectively this am. We’ll see if the scum tries to bring them back below. RSI’s 60 and 55, so plenty of room to run.
Didn’t realize the DOW has been in rally mode for the last couple weeks while the QQQ is diverging and looking to roll over.
Get some popcorn, the God’s of all thing financial will let us know where we’re headed shortly.
PM’s and oil on the move tonight
Dollar flat, but 10 yr up 3 bips. SM futures down a little but nothing to write home about.
Seems maybe commodities are predicting a much wider war, as if inflation isn’t bad enough now. Seems craziness is the order of the day.
Apparently, a hospital in Gaza was hit and killed 500 people, Palestinians say from IDF air attacks. Israel saying it was a failed rocket attack. Propaganda wars going full throttle. Regardless, we’ll never get the truth from weatern media about anything, just the perception they want us to have.
The Arab region blames Israel AND the US now.
Somehow, I think the days of cheap oil have ended. We better start drilling here pretty quick.
Debt monetization
This video I got via email but could find it on YouTube.
To put a label on it these socialists are actually destroying socialism with globalism. Instead of putting dollars back into their own economy they’re being conned into giving it away to claimed globalist to give them our dollars instead. I guess these socialists aren’t too smart. It’s a con game.
It has a plethora of word for word reasons on how government causing inflation will occur and how monetizing debt for dollars isn’t just the Fed and crowding out public sector and inflation causing public debt and geopolitical debt due to energy needs. Multi things going on that could financially destroy a economy and lead to hyper inflation for at least the public sector as well as government debt threatening its domestic obligations to our economy like social security and medical because of it
Ipso 19:19
I guess some people especially if they only watch propaganda news had to figure out what’s a priority. Keeping cool in summer, warm in winter, not having to pay a arm and leg to keep the power on or see their farming getting up rooted and making things worse what the real threat is.
Instead of working on ways to deal with and prepare for climate changes by producing more of all resources including oil and natural gas, shading by building shade, insulation, or putting up trees and another ways to keep things cooler in summer and warmer in winter especially in inter city’s and instead of taking them away they make it worse thinking their smart and they will be forced to have to get with unreliable non developed over priced products they’ll profit from. They had to experience it first instead.
All electric alone which would then go up to astronomical costs can you imagine what would happen if the only resource is alternative energy including transportation and only electric failed?
How many would still be alive 3 months later, 6 months later, a year later? Ultimate depopulation not to mention country’s that still have power could easily over take this country with war or just wait it out till they starved, cooked and froze to death.
A foot in the door
Meat-Giant Tyson Foods Reveals New Insect Plant In 2025
Tyson Foods Inc. is buying a stake in insect-protein company Protix BV. The two companies will collaborate to establish a manufacturing facility in the US to produce bug-based meal and oil, typically used in fish feed and dog food.
https://www.zerohedge.com/markets/meat-giant-tyson-foods-reveals-new-insect-plant-2025
Buygold @ 18:21
It’s a horrible situation, been building for years. As long as nukes aren’t used then we’ll be OK.
No US troops should be sent … oops we already sent some …
We may find out if Iran has nuclear weapons yet …
goldielocks @ 18:19
Re: Klaus … I’m glad people are finally waking up to what a destructive maniac he is! I’m surprised it hasn’t happened earlier.
Arab leaders refuse to meet Biden.
As Air Farce 1 is wheels up enroute to Israel. Helluva time to fly into a war zone. All it takes is one shoulder mount SAM and… Hello President Kammy.
Bloomberg
Biden to ask for $100 Billion supplemental bill for Ukraine, Israel.
What was the total cost of the fires in Maui? A couple billion?
Ipso – agree 100%
There is no other conclusion. They want to destroy our country. I really don’t understand it. Is it about personal gain? Where do they think they’ll go with their riches? What have they been promised?
I really don’t have any doubt this thing in the middle east will eventually turn into a world war. How does a divided country fight a war on several fronts?
Agree, some of the smaller names didn’t do as well. The shares I own are silvers. They did OK, especially considering that the metals didn’t exactly skyrocket. I’d think that’s a good sign for the future, at least I hope it is.
Ipso
Kaus is trouble but might also be used as a excuse for all the mismanagement and corruption going on too. Did he make some deal to support Hamas to attack Israel citizens or did they do it? Although might be convenient to him could another mentally Ill weak regime who wants to destroy us from within using a fellow demented Biden.
The guy is insane. Some guys in white coats should come by pick him up sitting on this high horse chair and put Napoleon to a psych hospital for the rest of his life.
On top of globalism and becoming king with his 5 minute city’s he also wants to have power over everyone’s personal life. That you will have to get permission from them on what you can or can’t do or become. I assume that’s including politicians like their pets Trudeau or Biden.
People are now rallying up against him even in Germany.
Buygold
Yeah not a bad day for the good guys although the bigger issues did better than the small ones.
All the things going on with the US, all the decisions being made by our leadership … sure seems a deliberate attempt to destroy our country. The WEF wants CHAOS so they and their friends can step in and implement their destructive agenda. It’s hard to look at it any other way.
Ipso
So far, we’ve added $1.5 Trillion in the first 11 months. I don’t really see how they’ll be able to hold the bond market together without QE. Who will want to hold our junk?
I think I saw an article from the IMF talking about how dangerously out of control our fiscal house is for a country with a reserve currency. This won’t end well.
I’ll say this, besides pm’s, the SM loves a falling dollar as well. The USD has come back to positive and the DOW has reversed. 10 yr. now up 13 bips. These are big daily/weekly moves.
Stunned how well the shares are holding up today. Pretty impressive.
Buygold
“Has the Fed lost control?”
Doncha know Yellen has said we could afford two wars at once no problem! We’re the greatest!
How many trillions are we adding to the deficit this year?
Buygold @ 11:47
Some guys have all the luck! ![]()
HUI 225-230
proving to be some pretty stout resistance, maybe even up to 235. I’d think though, that if that dam breaks, we’ll be off to the races to 250-260.
Love the action in the dollar, now falling with the 10 yr. up 11 bips. maybe our pm’s and the dollar are sniffing out trouble in the bond market and the potential for QE around the corner.
Has the Fed lost control?
Ipso – LOL
I think I could do that job too. 🙂
Was kind of hoping we’d hold the first hour gains
Looks to be in doubt but there’s a lot of time left.
Dollar came all the way back to flat.
“preemptive” If the Iranians say they’ll strike first, are the Israeli’s going to wait for them …
BREAKING: Iran Foreign Minister warns preemptive actions by the resistance front against Israel could be expected in the coming hours – State TV pic.twitter.com/cr7S5wzVy7
— Insider Paper (@TheInsiderPaper) October 16, 2023
Peachy
2500 US marines?! https://t.co/uNmupjNg5f
— Willem Middelkoop (@wmiddelkoop) October 16, 2023
LOL
Do a job you love and you will never work a day in your life.
— Wall Street Silver (@WallStreetSilv) October 17, 2023



