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The Bankers are boxed in. They can’t raise rates. Its just wishful thinking. Because of Brexit, the British pound fell like a rock, plus other countries tend to devalue their currencies which helps push the dollar higher.
The bullish dollar play and the bearish Pound play are both very over extended trends. Sooner or later, most likely sooner, this idiotic dollar bull market will reverse. Either naturally, or the Fed with Goldman Sachs will sell or short a million dollar contracts.
“China’s PBOC Buying This Gold Smash Western officials purposely waited for the Chinese to be on holiday before they began to smash the gold and silver prices. But China will be back buying on Sunday night and they will surely capitalize on this discount. However, even though the Chinese are on holiday, the Peoples Bank of China (PBOC) is not, and they are actively buying gold into this dip.“
YES! I was reading Trader Scott who feels that we are going to break down thru 2015 lows. He is an Elliot wave tech so that explains his problem. This reaction down is simply a very much due INT, cycle decline. It is a reaction to the huge advance seen this year. There is nothing wrong in here.
Does 2016 break the five year ‘losing’ streak ? Place your bets. With all the turmoil in the financial system, negative rates, THE Election in November, some measure of conflct with Russia over Syria, etc, etc, I think the answer is YES.
US Considering Air Strikes On Assad Regime After Top General Warns It Could Lead To War With Russia
Now that the gloves have come off in the faux diplomacy between Russia and the US, which yesterday culminated with Putin halting a Plutonium cleanup effort with the US, shortly before the US State Department announced it would end negotiations with Russia over Syria, the next step may be one which John Kerry warned last week is “back on the table”, namely the launch of military strikes on the Assad regime.
are shorting and SHOOTING themselves in the foot. Next week China will BUY some CHEAP GOLD & SILVER ASSETS as Stupid Americans that let the Banksters run their Country ! Concrete proof that Glass Steagall was the right thing to do ,some people never learn..stupid Americans . The corruption of 3 congress Critters set this plague loose BLILEY of Virginia ,Gramm of Texas ,Leach of parts unknown candidates for “Lamp Posts R US”
and a short length of Rope off a High Ladder. just a note that all three were “Conservatives” bribed by “Liberals “or they were the STUPIDEST ever to occupy Congress .
Gramm-Leach-Bliley Act – Title I: Facilitating Affiliation Among Banks, Securities Firms, and Insurance Companies – Subtitle A: Affiliations – Amends the Banking Act of 1933 (Glass-Steagall Act) to repeal prohibitions: (1) against affiliation of any Federal Reserve member bank with an entity engaged principally in securities activities (securities affiliate); and (2) against simultaneous service by any officer, director, or employee of a securities firm as an officer, director, or employee of any member bank (interlocking directorates).
(Sec. 103) Amends the Bank Holding Company Act of 1956 (BHCA) to permit a financial holding company (FHC) to engage in any activity or to acquire the shares of any company whose activities have been determined by the Board of Governors of the Federal Reserve System (the Board), after mandatory consultation with the Secretary of the Treasury (Secretary), to be either financial in nature, or incidental or complementary to financial activities without posing a substantial risk to the safety and soundness of depository institutions, or of the financial system generally. Prescribes consultation and coordination guidelines. Permits the Board and the Secretary to authorize financial subsidiaries of banks to engage in merchant banking.
Holding around $607. Chinese interests are the major movers now, and with them on holiday for a week I don’t expect Bitcoin to move much. Interesting though, the coindesk quote page has a browser-delay screen for security from a DDoS attack. Somebody is trying to screw with the online BTC exchanges. They are getting wise to the attacks now. It’s not as easy as the Gold market manipulations.
Wikileaks was a disappointment, for sure. But I sense Assange has a deeper reason for withholding information. Likely to protect a source, or someone, as he has stated in the past. I hope he resolves the situation, and dumps all the dirt he has on the witch… soon.
eeos is right… we should all be shorting… if only to stay alive. Short UP gold train, the ‘Portland Rose’ at Pocatello, ID http://www.railpictures.net/photo/585700/
Do I hear 50 down? Why not? Looks like we are in deeper crud they anyone could imagine. 100 down? OK getting a bit loopy. I have given up all hope in the PMs I guess. My PF will start reverting back to near crap again. Next big stop 1150 by BLSBS Friday. I hope I am wrong.
The only thing that will stop Hillarys wrath is we the people.
Found this article that hes set to release the 33K emails. Probably good he went public or Hillary and her weasels would of found away to have him snuffed. Since Obozo behind her because he wants to keep his destruction of the planet he calls legacy up the only thing that will make a difference is we the people getting out at voting her out of the picture. With Trump we have a better chance of her being cut off of any influence, classified information, or favors to foreign or banking power plays. Would be fun for the people to see what happens to her multi million dollar fund after that.
The people of today should see this. It shows how the 100 year old world invisible gov’t representatives or spokespersons just say what the people want, but do the opposite. They “yes” us to death and then they do as they please. Immigration got worse after 1995.
Don’t forget, no matter who you vote for, we always had the same pro global pro foreign, anti American gov’t since 1913. Now I have to wonder, is Trump just another one?? He never bashed the Dept. of labor that constantly under reported cost of living increases since 1975. It held back Soc Sec raises, and basic non-union private sector pay raises.
Gov’t sectors got big raises and benefits for life. But their pay comes from tax PAYERS.