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Hats off!
https://www.railpictures.net/photo/873677/
Cap’n, 15:57
On Friday the big four banks in Oz (which are smaller than one of your medium sized banks) were all champing at the bit for a rate cut in Feb. Cast iron, dyed in the wool certainty. Then last night rates shot up .16% on our 10yr bond and the currency dropped half a US cent.
See if any of them have the guts to admit they were wrong on Monday.
I still find it hilarious that anybody still thinks that CBs have any control over rates. A cunning central banker (a good central banker is, of course, an oxymoron) is able to follow market rates from in front, giving the impression that they are controlling the numbers. Jay has lost that one. Rates started rising after his first cut last year and never looked back.
News being quiet about this
California citizens apprehend a foreign man with a blow torch who said he has to do this and handed him to the police but media doesn’t want to talk about it.
Mel Gibson, Joe Rogan, ( recording) and Tyrus who grew up there. He’s not lying about the fire rules of southern California but vote for the woke morons BS.
Gibson, Joe Rogan, ( recording) and Tyrus who grew up in California. He’s not lying about the fire rules of southern California but vote for the woke morons BS.
This DEI training or what ever they call it is such a farce, it’s a bad joke. They are using color or pronouns to get people to cater to and make excuses for them. If they aren’t competent enough to do the job they’re applying that’s their problem not the ones who can. Just like these posers that get office by checking the boxes Tyrus mentions, they not only not qualified do their job they’re taking advantage of it. They don’t even seem to have a conscious. Without their pre written unless speeches they cannot function on a interpersonal level because they have no competence or thoughts worth anything of their own. Il
Newscum got caught lying when that mom wanted to know what he was going to do and showed his ignorance when he was on the phone to the president ” like senile Joe would know anyways’ to tell his phony ask what to do to pass the buck and lied about that to when she told him to put him on speaker then said he couldn’t get through. It must of been Joe’s nap time. Imagine these fools if this was A major terror attack burning the city down and killing the people, if it wasn’t already, they’d make it easy for them. They’d be the first ones getting out of town. What is it gonna take to wake these people up and stop voting for them? They actually think they can just find another lying demo who checked the boxes they were told to vote for because those are the right people lol lol lol so I don’t think they have learned. They are also responsible for causing this because they voted in and allowed it to happen without a conscious of their own probably thinking what they always think, it will never happen to them. So their just as guilty.
Looks like …
the 10-year is going up to 5% next week.
Monday could be interesting if a lot of selling starts Sunday night.
Hang onto your hats.
Good weekend all
Yup
Big problems when the insurance companies are stressed … if not done – big problems.
Credit will cease up and down she goes.
Lookout below.
Chuckle
On This Day In 1776 Thomas Paine Published His Influential Pamphlet “Common Sense”
Which argued for American independence from British rule.
Comment: I think EVERY country should argue for total independence. Every country should produce its own natural resources and its own consumer products, especially cars, the second most expensive consumer product. Only import what you can’t produce naturally.
Buygold
“Rates” I think you’re right. The gov’s inability to keep the long rates down is scaring the market!
The PM shares could sure be doing better … I haven’t said that before LOL
Captain Hook @ 14:11re your “a good attitude and exercise are key”
Right, because my life was labor intensive, and hearing all the baloney on slipped discs, bone on bone, sciatica I assumed my back was worn out. There was absolutely nothing wrong with my back.
And its not just backs that are affected by our own mental state. After my wife died, I was with her since high school, numerous other things were happening to me. That book is good for everything that bothers us.
The things about those fires
They were set intentionally. Think about the insurance companies that will go belly up, the banks that loaned money on the 10,000 structures that have burned so far. These fires will probably continue, it’s a terrorist attack on an epic scale. This could actually cause another banking crisis, because these banks and insurance companies are all intertwined. Imagine the derivatives on the MBS floating around on these mortgages.
They collapse the banks and set off the Great Reset that introduces the CBDC’s. Trump hasn’t even gotten into office and they’ll collapse the economy in the name of a “natural disaster.” Don’t forget the damage down here from the two hurricanes.
At a minimum, insurance will become unaffordable in other states, mortgages require insurance, lending stops. The collapse of the US is at hand.
Maybe this is the cracks we’re starting to see in the SM.
Mr.Copper @ 13:49
Exactly – a good attitude and exercise are key.
Backs are troublesome because you are always on your feet and the pain can be extreme – beyond what most people can handle.
Hence the drug industry.
Anywho – just do your best guys.
Cheers
FYI While We Muddle With Miners
I started buying tiny amounts of this FTAI, and every time it goes down, it goes back up. I bought 30 more shares on the 7th.
https://finviz.com/quote.ashx?t=FTAI&p=d
@Buygold re Back Pain
I had on and off sever back pain since I started heavy lifting working at 18 years old. My last back attack was after the 2008 financial collapse. It was putting my socks on and suddenly back pain that was so bad, it took my breath away, and I fell crossways across the bed. I could not even move for three hours to rotate to watch tv, and the pain lasted over a week.
Then I went to visit my friend Bello at his car lot, and I told him what happened. He also had problems. He told me he was watching late night tv and they had a Dr. Sarno on, he was saying it’s involved with our emotions. Things on our minds. During the show a phone call came in by Howard Stern, who said, this guy is right. Bello got the book, Mind Over Back Pain, and read it.
Then my wife got be the book, (small and quick to read) and after I read it I was convinced there was nothing structurally or materially wrong with my back. I was carrying heavy stuff in front of me etc no more back pain, gone.
Then in 2015 from 2008, 7 years my wife got cancer, and we were rushing to a Dr appointment, and I lifted something heavy before we left, and BINGO a back attack. I said to myself, this is bullshit, I walked around in the living room went out to the car in pain, and drove, and the pain went away before we got there.
The Dr was saying people get chiropractors, or various other treatments including surgery, and the pain goes away, from placebo but always comes back because they did not do the right thing.
On the LA fires …
… don’t let woke management types watch this … heads might explode.
Wow
Captain, Ipso
Captain – I go to the gym 5-6 days a week and lift, and also walk an hour and a half most days. I can no longer run, I’ve had 3 back surgeries and am awaiting a fourth. The jumps took their toll, but I’m still sporting a 30” waist. It takes a lot of effort though and diet. I’m 64, so hanging in there.
Ipso – I think it’s rates. I remember reading several articles that said the 10 year above 4.5% was death for the SM. Seems it took a little bit but it looks like the correction is here.
Couldn’t be more pleased with our little sector.?
Mr.Copper @ 12:15
Interesting theories. One thing we know for sure … this is going to be a wild year!
Cheers
@ipso facto re your “So what’s the deal with the SM? Interest rate jitters?”
I think its Trump making America first. The opposite of when he FIRST got elected, he gave the stock markets a multi-year boost that led to all time highs, expensive. Meanwhile, the real net US wealth was going DOWN while the markets kept rising.
So the opposite is, a gaining of real net US wealth, thanks to Trump, should drive down the markets, and drive down the USD and drive Gold a lot higher.
Indices: https://finviz.com/futures_charts.ashx?t=INDICES&p=d
Re The Global Leftist Traitor Dollar Is Near All Time Highs
The leftists are doing all they can, to get every last US Consumer dollar out of the USA and into all the other countries. They have been feeding off us since 1970. And before Trump policies start, to take it all back, they are running the traitor dollar up.
A high USD gives Americans a big fake discount on imports, and at the same time, the stronger, for everybody else dollar, puts a tariff on our exports. Every time we buy something made somewhere else, they get our money and we lose jobs and get their crap.
Gold would also be a lot higher with an 80 USD rather than a 110 USD.
US Traitor Dollar: https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d
Buygold @ 10:44
“I stay as hard as I am able with this beat up old body. ”
Same here.
I train two times a week with a two tour Vietnam Vet hand to hand instructor.
He is 71. I am a bit younger.
I can’t handle any more pain than that.
Don’t know how long I can keep it up but it’s fun.
He is amazing.
He is still hard.
Shows what is possible.
Cheers
Captain
I hear you on the shares. If they manage any kind of gains in this market it would be miraculous. The selling in the broads is pretty intense. I think NVDA will fall below your number, not sure when, but it’s coming. I’m wondering if the low hanging fruit might be some of these AI names?
Shares coming back with a vengeance.
I stay as hard as I am able with this beat up old body. ?
Buygold @ 9:52
Yes – I think it will take an all-out collapse in the broads to hold PMs back now.
The smart money can’t get enough of gold and silver here.
Of course, the shares could take a little longer.
Normally it takes the shares six months to bottom from the top in the broads – putting the target in May. (assuming the broads don’t rally again)
Only the shadow knows at this point, but there are a lot of people looking for stocks to rally again so the top could be in.
If NVDA finishes below $33 today it will be a weekly outside reversal.
Everything is crossed.
BTW – I didn’t know you were a seal. Good on you. Stay hard.
Maddog
Lol Good ? ? ?