all Street Mav
@WallStreetMav
·
13h
The new radical leftist Prime Minister in Britain, Andy Burnham, has announced his plans to create a “Ministry of Truth” to control news media and eliminate news or opinions that the government disagrees with.
Straight out of “1984”
Mr Copper
Ps Keep a eye on gas and heating oil stocks to help offset costs this winter where you are. Hopefully El Nino will help make it milder. Maybe Chat can zero in on your state and city to get a general idea.
Re the Anti Trump Pro Global Democrat High Oil
I think Trump should tell everybody how he got “forced” into signing off on the Iran War before the mid term elections.
This reminds me of when JFK was elected. He was “forced” to go along with, and take the blame for the Bay of Pigs fiasco attack on Cuba. That attack was “forced” on Ike, the prior president. Who makes these decisions? A global CIA?
He should have insisted on waiting until after the mid term elections. Many years ago I worked with an older Polish man who was in the Polish military, he said the USA is an Israeli colony, and that is what what this situation looks like. And or the United States of Europe.
Mr Copper
That’s right! It will help foreign imports but not ours possibly affecting future economic data. Although we have the possible gas and diesel shortages and cost affecting transportation. No not Chat GPT don’t need it. I just key in a question and volia AI answered it. lol Sure is a time saver it can search data at warp speed.
Goldilocks Re stronger US Dollar
Re part
- Currency Pressure: A stronger U.S. dollar makes dollar-denominated commodities more expensive for international buyers, cooling demand.
I assume that info from ChatGPT? It sugar coats everything. Well it forgot to mention a strong dollar lowers the prices of imports and tends to override the tariffs. So maybe the foreign countries are still in power.
Buygold 6:16
Besides this oil also priced in dollars, or used to be.
- Hawkish Fed Signals: Recent commentary and economic data have reinforced expectations of further monetary tightening or additional rate hikes by the Federal Reserve.
- Elevated Yields: Treasury yields have climbed to multi-year highs as markets price in higher-for-longer interest rates.
- Currency Strength: Higher yields and strong economic indicators have driven the U.S. Dollar Index (DXY) to multi-month highs.
- Currency Pressure: A stronger U.S. dollar makes dollar-denominated commodities more expensive for international buyers, cooling demand.
Liquidation/Selling: Tighter financial conditions and shifting rate bets trigger profit-taking and speculative unwinding in metals. ,
- Upcoming economic data releases that could reverse this trend
Opportunity Cost: Gold and silver do not pay interest or dividends; when interest rates and bond yields rise, investors prefer yield-bearing instruments.
SNG is right…. it is all about rates
But the timing is I think because of the Mid Terms…..US rates are rising faster than European rates, which makes no sense, the chances of a debt crisis are way higher in Europe, where they are doing nothing about their debt problems…..
That said the MSM are concentrating on US problems and money is being pulled from US Treasuries, the rise in rates is now hitting the SM….all of which hurts PM’s as the Algo’s have Gold and the SM locked together ……
Until that link gets broken PM’s have a problem, as it looks like an engineered financial panic is being created for the US, to help the Dems in the mid terms.
If the IRGC were to fall, then all bets off….and they are in trouble, the people in Iran have got guns now…..watching Tousi Tv, you can hear serious gunfire…..though that is never reported on the MSM.
and we buckle…
After trying to go flat most of the night, London opened, the SM weakened further, oil jumped, and the dollar and rates moved up. 10 yr. now at 5.135% up 3 bips.
So what do they do with pm’s? Sell them down even harder than everything else of course! The same as it always is. No safety here.
Biodynamic farming
Good place to buy good food – there may be one near you.
Biodynamics is a holistic, ecological, and ethical approach to farming, gardening, food, and nutrition. Biodynamics is rooted in the work of philosopher and scientist Dr. Rudolf Steiner, whose 1924 lectures to farmers opened a new way to integrate scientific understanding with a recognition of spirit in nature.1 Biodynamics has continued to develop and evolve since the 1920s through the collaboration of many farmers and researchers. Around the world, biodynamics is alive in thousands of thriving gardens, farms, vineyards, ranches, and orchards. The principles and practices of biodynamics can be applied anywhere food is grown, with thoughtful adaptation to scale, landscape, climate, and culture.
hi Buygold
People are dropping out of insurance already. It’s like a domino effect, as the prices rise more drop out then the insurance companies lose customers and probably have to pay the un.onsured or under insured coverage because the other person didn’t have it then raise it more plus what Calif is doing.I told my daughter never let go of uninsured but many are because they can’t afford it then vehicles if something happens. She had it on her car but not her bike. Then her husband uses her car didn’t put back the gas and she had to go to school no time to get gas used her bike and get hit winds up on ICU. Again the other person has no insurance. Then they lose their licence. Now my daughters planning on getting another bike. Said there’s a front light that can move up and down or something so drivers can see them. Thing is both times she noticed when the cars moving towards her neither of them were watching the road, they were looking at A passenger in their car.
Armstrong said Yaho is a lose cannon and the neocons on.the inside have a lot to do with it. He said Iran is doing the same thing to us and Ukraine is doing Putin. They , don’t have to win just exist while they use up their resources or hoped would happen to Putin financially and hurt his election but difference is Putin didn’t start it Yahoo got Trump to start it so he gets a pass He hates Iran just like Europe and neocons hates Russia and want their resources. We shouldn’t of been dragged in either of them but politics are infiltrated. Any peace he tries to make will be sabotaged.. He can’t control Yahoo, no one can and per Iran they want a guarantee Isreal won’t attack them. Trump can’t speak for them. and guarantee that less they cut them off of our weapons. Does he really want peace or convinced Iran is a world threat and sponsor of terrorists. They better look in the mirror. Trump’s also trying to help Gaza but as long as Yahoo around that’s gonna be a problem too.
Out framers warned to nose out of world problems. Not to bring it home It’s contagious.
Goldie
Did you see the 10 yr. closed at 5.11%? I agree about stagflation, I think we’re in it now despite what the PMI’s say. Whatever is growing is in a very small segment of the economy. You talked about insurance, not long from now people will be dropping their insurance in favor of food. JMHO.
Also agree, there’s no peace coming. When Trump talks about annihilating Iran, he means it literally. The only way he does that is with nukes, or as you say, smaller scale nukes. I believe if he had the available missiles, drones, weaponry, he’d be lighting up Iran right now, but I think we’re about out.
15 bips is a big move in the bond market, if it continues, something is cracking. Makes me wonder about the recent bank stock weakness.
Buygold et all
This is the video. About 18:20 minutes in. Also that following money bomb testing in white sands in NM moneys passed to test like bunker busting to reach a undergrown network. That smaller scale nukes might be involved. This is not planning on peace. By Oct 5 th
Buygold
I have no clue either other than maybe someone’s liquidating and needs the cash. Armstrong in that video said we’re heading for stagflation next year maybe after first quarter and will be caused by cost push. As Michael Pento said stagflation is rocket fuel for gold.
In another video this morning Martin talking to someone else talked about another mountain in Iran named after digging tools that Netenyaho wants to blow up and he hopes Trump won’t get pulled into it. That it could happen as soon as early October.
ipso
English, that’s true and Al will probably around equal to that. That’s why I had to call back because not only trouble speaking although seemed to understand which is another problem with that but they don’t have the skills to negotiate are just programmed and they get paranoid. Told her I wanted a supervisor so put me on hold hoping I’d hang up then after about 15 minutes said no supervisors available and went back to trying to negotiate a take it of leave it so I left it with a good by called back asked for a supervisor and not get dragged into a waisted conversation then they get paranoid and got one so in that case I guess there were some around after all.
Have you ever been tempted to ask them let’s try talking in your language instead? See how that goes. I wonder if they realize with prices going up between the cars, how they build them to be more expensive to fix and insurance they’re playing along with the you will own nothing and be happy jerks. Their shooting themselves in the foot.
That was fun
Assuming that blew yesterday’s breakout to dust. Back to square one again with no clue what comes next. Hard to see any reason for us to turn higher, because pm’s don’t pay interest ya know. 🫣 Then again nobody wants the bonds that actually do pay interest. 😂
QQQ’s finished off the lows, still up 3% on the week, barely a scratch for them.
Maddog, 10:27, or it is the PMI figures, way above expectations?
A roaring economy = rate hikes and more inflation. There was nothing new in the Iranian speech, but the PMIs were out of left field.
and coincidentally here is Bill Holter on the Everything Bubble
Mr. Gold explains, “This bubble is like any other bubble in mankind’s history…”
” In the 1920s, credit was extremely easy. When credit tightened, it was the wealth effect in reverse. We saw this again in the early 1970s. We saw this again in the 1987 crash. Interest rates went from 7% to over 10% . . . and that bubble popped. We had the emerging market debt problem back in the early 1990s, Long Term Capital in 1998, the Dot Com bubble in 2000, the 2007-2008 Great Financial Crisis, and all you have to do is look at a chart of bond yields and you’ll see that each time yields spiked, those bubbles popped. Right now, interest rates are spiking, and this is the biggest bubble.
This is the everything bubble. Everything is in a bubble. The only things that are not in a bubble are gold and silver because they are real money.
I think gold and silver are reflecting the risk of the debt structure coming down.
From a global standpoint, countries are moving away from the dollar. They don’t want to be trapped in the dollar system. The dollar is the world reserve currency that is issued by an insolvent bankrupt entity.
Higher rates, that’s what is going to blow everything up, higher rates.”
Peachy
The Kobeissi Letter
@KobeissiLetter
The US 10Y Note Yield is now moving in a literal straight-line higher, up to 5.13%.
This is no longer an issue that we have months or years to address.
This is unsustainable.
goldielocks
I’d rather speak to a real person as well … as long as that person had a good command of the English language which doesn’t always happen.
Yep going to be multitudes laid off by AI. All the wealthy people are for it.
ipso
You know pretty soon not here but elsewhere if you have problems your going to be talking to AI. I can see that’s gonna be a lot of people losing jobs. Then they’re going to have a lot of angry customers cuz most know what it’s like trying to talk to a computer already.
I just got off the phone with my insurance company which is big state to state wide. It said I might be talking to AI. They suddenly brought cost 20 a month more with safe driving record and low milage now retired. Should be going down not up. Calif and cost of living and taxing in Calif the reason they stated along with higher coverage more than minimum which is nothing in Calif. I probably wouldn’t of known the reason if I was talking to AI. Got it lower after having to call back and getting a super visor.
Imagine all these employees from insurance taking calls from these big insurance companies probably multi thousands state to state eventually getting laid off and replaced with AI. Amazon is also all in on AI too and has it spamming pages already. Even email AI got in there reading emails and wants to write back for you. The loss of jobs could be serious. People can try to fight back and demand to talk to a real person.
Maddog
That’s great! I think logging in is the main problem although when goldielocks logged in recently it sounds like she had admin rights in the Dashboard. I don’t know what’s up with that.
Here’s the Contango replay…IMO well worth hearing what they’ve done and what is coming. IMO all SNG!
ipsofacto
Tks I have it…this looks like an old problem …I have had …sometimes when I log on there is a security page telling me to contact the hosts and answer a number puzzle by doing simple addition, when I do that I am in…without contacting any Host…..
Then it may happen again weeks later…we now have a dedicated team working on the problem…..who will contact me maybe in the next 24 hours,,,, or maybe longer !!!!!
When they deign to get in touch, I will pass this info on……what other probs do people have…or are they all Log On related