Not that they’ve been the greatest of helps to him, but it’ll only make things more difficult.
For some unknown reason
PM’s have turned up in the overnight session. No idea why they’d do that with the CPI coming out at 0830 EST. Seems clear rates are going past 5%, whether today or next week, especially with a new leg up in oil.
Maybe they’re up tonight so they can demoralize us when they reverse them in a few hours!🤣😇
Feels like the world is whistling through the graveyard. 🫣
ferret – that $5k is conditional, he knows he’ll never have to pay out.
Maddog 14:54
It’s typical this so called elite which reflects a total failure in the elitist education system unless its the criminal parasite and the mess they burdened the country with getting worse and worse till they take every last dime and sovereign birthright from them if they can, to turn around and call them and the ones calling them out and stopping them far right or extremist. At the level of which they are destroying their country one could say that’s about as extreme as you can get and has evolved to take extreme measures to stop the monster they created, which is them,
Until I realised it is only 9/10 over there,
I thought he had made 9/11 April fools day.
Who’s advising him, he needs some new help.
The Kobeissi Letter
@KobeissiLetter
·
2h
BREAKING: President Trump says he does not need Congressional approval to issue $5,000 “dividends” to all US adults if Republics win the midterms.
Even the Bee gets how stupid this idea is.
He’s obviously thinking the Reps are going to lose, if he is trying to buy the mid-terms. Bessent is piddling around with $6bn to try to bring rates under control and Trump is spending $1.35tn. No wonder we’re a gnat’s whisker off 5% on the 10s.
If the mid-terms are only $1.35tn, how much for a presidential election?
shaking the tree pretty hard
Ho hum……
Check Out The Heating Oil, All Time High Price
Hopefully the Oils will start dropping, but with winter coming may drive them even higher. Then it will be like the late 70s early 80s era when everybody was using kerosine heaters and wood burning stoves. Also many people moved to the sunbelt states I remember.
Buygold
Why Euro…..2 reasons…Maybe they didn’t hike enough….2nd more scary…..a hike just drives another nail into the Euro’s coffin, the joint is so ‘effed that they should be cutting, not raising and are therefore too stupid to realise it ……eg VW are looking at cutting 10 % plus of staff and they raise rates 2 days later…just what you need.
Re Climbing Interest Rates.
Bond prices moving down are signs saying that Rates are climbing.
Goldie
Yeah, it appears the only thing that matters to pm’s are rates. As for the SM, that pig has been on the ropes for so long it is well past due for it to tumble, but if they lose that, whatever confidence that’s left in the economy is toast.
I spoke a little soon, looks like the PM sector has taken a turn for the worse. Same as its always been.
Buygold
Evidently Iran is doing a lot of work at Pickaxe Mtn. Seems rather foolish since it’s sure to invite attack. Maybe it’s a red herring?
I don’t sell much. I try to sell a bit at extremes but other than that I’m in it for the long haul.
I wouldn’t mind a comeback today, my PF is getting beaten silly. 
Anything new on NAK?
Getting back toward that $1.20 – $1:30 level. Seems like that’s a decent buy point.
Maddog
Or maybe even not go together since silver is also industrial. Like Gold could have a failed head and shoulders and silver could follow through then recover since it said that silver seems to do better post midterm election while gold during. Past performance doesn’t necessarily represent present and have to figure what else is going on.
Like if there’s elections in Russia in September it can make one wonder if this peace talk is genuine or just political. It’s like you need a degree in this stuff lol
Buygold
What else? If the head and shoulders follow through it could erase all the gains it made in August. Question is with the elections ahead, war, which seems to be the big distraction of inflation , the bond market there’s two other options not just coming from the US that people will move their money. The equities or PMs. Even equities is uncertain because AI and that technology leading the market and it’s over valued and over bought that is even uncertain. Will the past pre mid term election years not necessarily reflect on this year.
I’m not sure what’s going on in Europe but unlike the US where we have one deficit each country has their own credit rating. Something like that Have to ask Armstrong.
Ipso – timely article
All of a sudden Iran will be found to be developing nukes, even after we’ve destroyed their underground facilities.
I suspect soon we’ll be asked to believe that they managed to smuggle one onto US soil.
Other than silver, this is not a horrible day. Do you buy em’, sell em’, or hold em’?
Going to have a visit soon …
World Source News
@Worldsource24
·
26m
BREAKING: The International Atomic Energy Agency (IAEA) has announced that it has detected activity at the Iranian nuclear facility in Jabal al-As (Pickaxe mountain).
Big hit for Talon Metals and the SP is reflecting it
Drill Hole 25TK0562A Returns 46.43 Meters Grading 13.37% Ni, 16.54% Cu, 0.10% Co, 7.85 g/t Pd, 14.49 g/t Pt, and 8.56 g/t Au (27.39% NiEq or 54.78% CuEq)
So when do the Pakistani’s come in? Not sure of the accuracy of this report.
MintPress News
@MintPressNews
🚨BREAKING: Yemen’s Armed Forces Are Reportedly On The Verge Of Capturing The West Coast
Saudi-backed forces are reportedly fleeing on a massive scale as Al-Khawkha & Mokha are anticipated to be taken over by Ansarallah government forces soon.
If achieved, that would mean in less than a week the coastal cities & ports vital to controlling Bab Al-Mandab will have all been captured. A major breakthrough.
ECB hikes
So then, why does the Euro drop when they hike?
The dollar always spikes when the Fed raises.
Another day, another waterfall. What else is new?
As Goldilocks says small H&S top in AG and AU
Which means we probably need a small C wave down to complete a 2nd wave correction…..and will be the next great buying opportunity…it could of course fail as the mkt is so very bullish and be very short lived.