Electronic devices have sure become an efficient purveyor of propaganda! Just look at all the people who believe what their TV tells them and never miss the nightly news. We’re all going to pay for that!
Quite a war going on between reality and what people are told by the MSM!
We still have a lot of the day left, we may still recover.
Great cartoon and so true. We’ve celebrated the advent of technology in society and most of it is beneficial. But then there’s those advancements that have been turned against us and are evil. Unfortunately TV and cell phones may be some of the most destructive things ever invented.
Was hoping we could turn things around but seems the dollar had other plans. We’re just not in the place yet where there’s enough demand to separate us from the other markets. A bit worrisome since the SM hasn’t corrected I guess.
Oguz Erkan
@oguzerkan
Ray Dalio: “The debt problem is followed by devaluation of the currency.”
Every country with a debt problem said they would grow their way out of debt.
They all ended up devaluing their currencies.
That would really be something if we can turn today around! 🙂
I’m wondering what good that will do if Iran is still shooting missiles and drones at tankers like they did the last time?
I’ve got some green from unlikely suspects. HL, AG, GFI.
Looks like Bessent is working on the bond market, 10 yr. now only down 1 bip and the dollar is heading toward flat.
I’m surprised the metals haven’t turned more though.
I guess I just don’t understand. If a market goes up for 29 days and gives half of it back in say, 8-10 days. It’s hard for me to see that being “good.”
If the market goes up for 29 days and gives 100% back regardless of time, I don’t understand why it’s even worth playing, whether it’s bullish or not.
I’m not disputing in any way what you’re saying or the methods, I imagine you’re spot on. Just my personal perspective.
We know how this slop usually goes, this is likely the 2nd of 3 big legs down, and then we’ll see. If we can turn back up here, then I think that would be pretty bullish. If we don’t, the selling will continue and be deeper and longer than we thought it possibly could be, it always is. Especially, God forbid, the SM actually has a correction.
At least right now, the shares are holding up a little better than I would have expected. Maybe the metals will come back some today.
BTW – GLD got above its 200 day, SLV never did. GDX has outperformed and got well above.
This is how the Sovereign Debt Crisis begins. There is no dramatic announcement from the White House admitting that the system has failed. Officials speak of liquidity, market functioning, resilience, and temporary operations while quietly expanding intervention behind the scenes. The Treasury has begun supporting the market for its own obligations because it cannot permit investors to price US government debt without supervision. Once government must protect its debt from the market, the question is no longer whether there is a problem. The question becomes how long they can conceal it.
A jobs number this Friday, and a long weekend. Same shenanigans from the manipulators.
Getting even closer to the end game….
Europeans Blindsided By Russian Finance Minister’s Presence At G20 In Asheville
have a little patience here….28 days up and so far only 6 days down and not even a 50 % retracment…..this is a 2nd wave dn and those can in theory retrace nearly 100 % and still be bullish.
That said why we track the SM and an increase in military activity in Iran is bearish, I will never understand.
You know how the left likes to undo deals after election changes in favor of their own pockets.
Commentary
YouTube·TODAY +1
CNBC +1
Crude Oil Prices Today | OilPrice.comHa! Taxes Cpi is rigged. Doesn’t include food fuel and taxes. Printing money is frankly counterfeiting. First about 18 minutes is trustworthiness of banks.Further on, between 1970 to 1980 the purchasing power of the dollar declined 75% Those of us around then realized what happened to the purchasing power of gold and silver particularly gold that wasn’t being cornered by the Hunts, although now by manufacturing.
Who should be panicking about rates? Turns out it’s anyone who holds gold and silver!
Rates up 4 bips, but might as well be up another 2%. PM’s getting creamed.
This will destroy the charts. Same old rules, there’s never an upside gap that won’t be filled in the pm market. $70 silver and $4600 were just too much for the metals to bear. Apparently $65 silver is too much for silver to bear. GDX all the way back to $80 looks probable.
One more time, pm’s save us from nothing. Crimex and shorts will have a field day today, especially with a weak SM.
Anyone would think that it is only the US that has a debt problem, wheras in fact rates are exploding everywhere else as US rates have yet to break higher …..they probably will , This is a glorious example of how the Globalists via their tame media manipulate the truth into lies and lies into the truth.
Wheras the US has yet to break out
The Hormuz Letter
@HormuzLetter
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3h
BREAKING: Iran has just struck an oil tanker with 3 anti-ship cruise missiles in the US-backed southern Omani corridor while completing an outbound transit in the Strait of Hormuz under US escort, per UKMTO.
The vessel is the Saudi VLCC oil tanker “SIDR.”
The Kobeissi Letter
@KobeissiLetter
BREAKING: The White House publishes the details of the US-Venezuela oil deal and announces that Venezuela has granted North American Blue Energy Partners 100-year concessions for 17 oil fields.
Details include:
1. The 17 fields contain ~65 billion barrels of proven oil reserves
2. The US government receives a 35% equity stake in NABEP’s parent company at “zero cost to taxpayers”
3. The US receives the right to purchase 20% of all current and future production at production cost
4. The US also receives the right of first refusal to purchase the remaining 80% of production
5. The US government receives veto power over board appointments, while a majority of NABEP’s board must be US citizens
6. NABEP plans to invest up to $100 billion into Venezuelan oil infrastructure to rapidly increase production
7. Venezuela is expected to receive ~$200 billion in royalty and tax payments over the first 25 years
The White House is calling this the “biggest oil deal in world history.”
Metals stabilized, shares firmed up toward the end. ETF’s held their 20’s.
Hopefully we get back on the horse.
How far can they push us, how far can war push oil prices or even expectations that will, affect miner production costs take us along with the Fed coming along with a dagger. As far as the Fed they’re going to lose either way. You can’t kick the can down the road forever. They raise interest rates the only real thing that bring things back down and eliminate debt??? would crash the economy and they know it.
Yeah apparently that was him. Easier to find him because not that many falsettos in rock music. I saw him recently but couldn’t remember the name. Part of surviving luckily being a nurse already a hospitals students without supervision in labor away from my doctor or hospital they promised after anyways they would was some memory loss I didn’t realize yet was remembering names less I hear it a lot. I could remember everything else even word by word just not the name. The right is brothers tried to get me on stage one time because they could hear me singing along with them. I was just singing softly but didn’t know there was a microphone around me they could hear. I decided long ago not to do anything that would make you famous but the snitches around me pointed me out to them. I didn’t want to mess up their concert by refusing. Anyways I found his name. He is probably a Brit like you said, it said he was Scottish. Now with all those Islamist invading I can see why he quiet now but may have been by now anyways. I had a long range even to high pitched but coming from a male never heard anything like that before and doing it so naturally. Yes definitely dance music. I was looking for sleep music, getting less that 2 hrs a day I was getting spacy. Even thinking about taking what ever pain pills the doctors offered me or assisted suicide. They don’t have PT out of hospital. Out of hospital migrants are forming false PT that’s only exercises not real physical therapy. These people are small and can’t lift nor want to. Not qualified for the jobs. They are part of the reason of my injuries in hospitals these same kind of people as a wound nurse would run and hide if they saw anyone that would need their assistance in anything physical. That includes codes. The blacks on the other hand were always ready and wouldn’t even let me do something’s alone even if I told them I could. So just a warning don’t wake any medical covered time on them for that.
