Loading ...I wonder what he means by this! It looks like he may be making a Masonic sign sitting in a chair. Something he’s about to bring forward. That he’s not suicidal, to pray for him and this one scares him.
Tariffs and the next status quo bitch session.
Tariffs on the news demos complaining they want status quo. Don’t upset the apple cart that might upset our competitors and adversarys.
Where has status quo left us beside growing costs and more jobs going over seas. Of course tariffs wouldn’t work for them if they kept ” taxing the rich” dropping the numbers of rich to 250k.
They then say well it could take 5 yrs for a company to come back. So what!?! If that isn’t self defeating thinking I don’t know what is considering places like China plan out as far as 100 yrs. Plus Trump is going the eliminate a lot of the middle man bureaucracy that drag things out and maybe wanting kickbacks. What are there prices going to be for their less quality sloppy seconds even in 5 years from now? They wouldn’t even be planning to move here if it wasn’t for tariffs and lower taxing from Trump to bring back jobs and future economic stability in forward thinking, especially the way things are going. That is if Congress is smart enough to do simple math instead of worrying about their next election. The left certainly isn’t.
Shares such a mixed bag
Definitely not the old days when you could throw a dart at miner and make money. The silver shares look so inviting, but the silver price is so unstable. They just sort of drift up and down going nowhere.
We’re definitely closing out April better than we did March. Hopefully we get May off to a good start. There’s nothing going against us other than maybe the SM.
Ipso
The problem is housing prices are already too high. When even Florida according to what Pinto is seeing watching housing prices falling and everyday he sees the houses cutting prices it’s freezing up. Less they can buy cash they don’t want to let go of their lower interest rates that’s true but that only helps sellers with equity who want to move pretty much.
The Fed though will only do what’s good for the Fed and the banks. Either way wages can’t support inflation or deflation and higher rates.
Powell doesn’t want to be the guy who puts us into another depression
Wall Street Mav
@WallStreetMav
·
23h
One-third of Americans’ net worth is in their house — 52 trillion.
That means every 1% drop in house prices knocks $520 billion out of Americans’ net worth. Jerome Powell needs to get off his rear and cut interest rates.
Quote
Peter St Onge, Ph.D.
@profstonge
·
Apr 29
Home sales drop to a 16 year low — the worst since the 2008 housing crisis.
Will house prices crash?
Buygold
“What if treasury were to make them irrelevant?”
Not happening anytime soon I think but that’s great that Doge is impacting our borrowing already!
A run of bad luck? cough cough …. not confirmed
After Large Explosion at Port of Bandar Abbas, Iran now seeing fires/explosions at multiple other sites
The rush for physical gold and silver remains hot
Bulls should like this report.
The rush for physical gold and silver remains hot
Support this guy.
Mornin all
Probably a decent day
if NEM turns higher, although the SM coming back can’t be hurting us.
Ipso
I’m wondering if the bond market is beginning to do that for them or anticipating the cut. Rates have come off .35 bips in the last couple weeks.
They have to be perplexed that the treasury doesn’t need to borrow as much as anticipated. What if treasury were to make them irrelevant?
Buygold @ 10:26 re: rate cut
I think it’s a toss up. Trump is putting the squeeze to Powell that’s for sure!
Ipso – yes
Very positive. The fact that the metals aren’t getting crushed with the dollar up is positive too.
The Fed meets next Wednesday, the writing is on the wall for them. They need to cut and they know it. Big question is will they?
There will be a lot of increasing calls for them to do it.
Isn’t there enough chaos in the world?
Polymarket now shows a 79% chance that India ?? will attack Pakistan ?? before June. Are you ready for this?
deer79
Me too! 🙂
Dang
Gold back above $3300? What a freaking beast. Can silver come all the way back?
aurum – drag out the rally monkey please. 🙂
Dog, deer
It will be interesting to see how the Chicago PMI’s and the PCE’s come out in the next hour. The employment numbers will be ugly, a lot having to do with government layoffs. For sure they know this. GDP went negative -0.3%. Not a surprise as treasury through government cuts has withheld $480 Billion out of the economy. The silver lining is inflation. The GDP PCE’s dropped by more than half.
All of this is exactly what needs to happen so that the Fed’s hand is forced to cut rates, and that $480 billion subsidizes massive tax cuts. On the docket so far: No taxes on tips, Social Security, overtime, and they are talking about bringing back the write-off for auto loans. Better if they eliminate taxes for people making under $150K.
If he’s able to pull this off without the neocons dragging us into more war, this economy will roar in a year from now.
Yep
Gold mining stocks remain one of the most undervalued sectors in the market. With a market cap of just $647 billion (less than 1/4 of Apple), the gold mining industry is poised for a revaluation.
Call me a cynic
But I believe the PPT, algorithms (however “they” coordinate the machinations of everything) already knew what today’s # was going to be (ergo, this morning’s smackdown), and they already know what Friday’s number will be……
Buygold
Copper cratering too.
Down almost 30 cents
Dog
ADP, GDP big misses
Dollar drifting down. Crimex playing defense?
Our biggest problem today will be a cratering SM.