All my life I had times of back pain, I assumed was from heavy lifting. Then I read a small book Mind Over Back Pain by a Dr. Sarno. He said quite often people go to acupuncture, and other treatments including surgery. And the pain comes back because it was a placebo effect that made them feel better. But the pain comes back again.

After I read the book after 2008, no more back pain from 1965 at all. Until around 2017 we were rushing to a surgeon appointment re my wife’s cancer which was stressing me out.

I picked something up and I immediately got a back attack.  I told myself there is nothing structurally wrong with my back, i walked around the house a few minutes, It hurt, but I got in the car with pain and the pain was gone before we got there in about a half an hour.

P.S an older relative of mine went for surgery and the pain came back. I never told her about that book.

Sorry if I missed anybody.

Ipso – Ha! You know better than that. Here in the states we just make war and take the gold. 🙂 Actually, Trump said the other day that we had taken all of Iran’s stuff, he included oil and gold. Not sure what he meant by their gold.

Mr. Copper – I see. I guess whatever works. Course, we should actually be up across the board given the dollar and rates today, but we’re not.

deer79 – “Goldilocks” yeah, they should go to the food bank in Atlanta and tell that to the 250K families that are being fed each month.

Goldie – I don’t know about individual issues, but the QQQ’s has cut its losses in half and the DIA went positive.

Regardless, the best we’re going to do at this point is track the SM – only worse like we’ve been doing for the last 5 months.

I will say, if Bessent and treasury revalue gold, this was the biggest fleecing the gold market has ever seen. It also might get them killed ala JFK and silver.

I’m glad surgery freed you from the pain, that is no joke quite disabling even trying to sleep.

Even Taco Bell is announcing they’re not serving much of the ingredients in their tacos and burritos.

Cyclospron outbreak. Main thing it does is cause diarrhea and not mild. One girl said 4 times in a hour bad. That would lead to serious to life threatening dehydration especially in this heat so if you get it keep hydrated and get antibiotics. It can’t be killed by soaking fresh veg your not cooking in vinegar or baking soda. Some things you can but not this one.

Those water mats at parks that shoot up water kids play in and recycle water over again kids get the water in their mouth are getting it too.

https://www.delish.com/food-news/a71883968/cyclospora-outbreak-symptoms-produce-safety/?utm_source=google&utm_medium=cpc&utm_campaign=mgu_ga_del_md_pmx_prog_org_us_20604729589&gad_source=1&gad_campaignid=20595147834&gclid=Cj0KCQjw39zSBhDhARIsANammDv-368kDa2BBS8pD3A9bItWv64LZgYXyevy3O50U5DN3qwC8N1OY8UaAjduEALw_wcB

Not talking about the metals although the shorts don’t want to let go. They don’t want negative attention to the economy.

head & shoulders ??

look at the one day chart for silver.  very short term, inverted and a little asymetrical ?

…interesting times.

I think the only reason the SM is nearly holding on this long is because it’s a election year. Much money going into things needing government money or buying into things,  tax dependent money.

Looks like a lot of the SM is rolling over. Slowly and head and shoulders are forming everywhere.

It’s the one term expression that the financial media has been using for years now; “Goldilocks.”

The Feds Beige Book also came out.

Fed’s Beige Book: Economic activity increased at slight to moderate pace in 11 of 12 districts

As per ChatGPT

The main reason was a shift in interest-rate expectations.

• Softer inflation data (both CPI and PPI) led investors to believe the Federal Reserve is less likely to raise interest rates soon.
• Stocks rose because lower expected interest rates generally increase the value of future corporate earnings, especially for growth and technology stocks. Strong earnings from several large financial companies also helped sentiment.
• The U.S. dollar weakened because if the Fed is expected to keep rates lower, dollar-denominated investments become a little less attractive relative to other currencies.
• Treasury yields also fell, reinforcing the move into stocks and away from the dollar.

One interesting point is that Middle East tensions would normally support the dollar as a safe-haven currency, but on this day the market focused more on the inflation and interest-rate news than on the geopolitical risk.

but that’s a long shot!

Why did the SM turn higher and the dollar take a hit?

Thankfully, the technology has sparked significant public debate. Civil rights organizations and privacy advocates argue that the centralized sharing model creates a mass surveillance network that tracks the movements of everyday citizens without requiring a warrant. Due to these privacy concerns, some major law enforcement agencies, like the LAPD, have chosen to halt or suspend their use of Flock systems. 

https://gregreese.substack.com/p/flock-axon-israel-and-american-freedom?publication_id=706779&post_id=207037910&r=poko7&triedRedirect=true

Why would he say this now out of the blue and who is the intended audience?

Remember, I talked about what Judy Shelton said Trump would do with bonds in July of 2026.

This was said for someone else’s benefit, surely not the average American.

I feel that something is brewing below the surface that insinuates that there is a potential financial war percolating……

 

On July 7, Bloomberg publishes an article with the headline, “Gold’s Bull market Has Ended and Now All Eyes are on Bears.”

That same day, the People’s Bank of China reported its largest monthly gold purchase since 2023.

Then this past Monday night on Fox News, U.S. Treasury Secretary Scott Bessent had an interview with Jesse Waters, reiterating his assurances that every ounce of the nation’s bullion is “present and accounted for.”

Also, two large banks in China, are ceasing services that allow individual investors to trade Gold and Silver ( other retail options will still be available in the country).

Hmmmmmmmmmm…….

These guys are laughing all the way to the bank.

Bitcoin is flat though after being up 5% yesterday. Almost like real money.

that light inflation, lower rates, a weaker dollar, and now flat oil would cause pm’s and pm shares to selloff?

As I said earlier, the sun did rise this am, so that could be the problem.

A completely unwinnable investment.

edit: oops, sorry, I just noticed the QQQ’s were down. Tech is always a nail in the coffin

The Kobeissi Letter
@KobeissiLetter
·
11m
BREAKING: President Trump says Iran called him “a while ago” and they “want to make a deal.”

The US stock market extends its rally to a new high of the day.

The Hormuz Letter
@HormuzLetter
·
9h
BREAKING: Iran warns that in direct response to the US naval blockade on Iranian oil and gas exports, “other export routes for oil and gas which serve the interests of America and its allies” will also be closed, including the UAE Fujairah pipeline and Saudi East-West pipeline, per Tasnim.

Iran adds “oil and gas exports from the region: either for everyone or for no one.”

West Red Lake Gold Reports Strong Q2 Operating Progress with 73% Increase in Mined Ounces and 51% Higher Gold Production over Q1 at Madsen Mine

https://finance.yahoo.com/markets/commodities/articles/west-red-lake-gold-reports-083000342.html

Mark_IKN has a comment:

Mark
@Mark_IKN
Much better.

Grade still an issue, but throughput made up for it and running the mill at 842tpd over a full qtr will put a lot of minds at rest. If you don’t like
$WRLG.v
from here, either you’ve never looked at the stock or you need remedial math lessons.

Otavio (Tavi) Costa
@TaviCosta
·
15h
Copper refuses to confirm gold’s recent weakness.

That resilience speaks volumes.

I suspect gold is about to remind investors why this remains a well-established secular bull market.

Chart

Wall Street Mav
@WallStreetMav
·
14h
The company from India known as “IBM” had a huge negative day after issuing a Q2 warning on earnings.

The CEO from India has been firing all of the Americans as quickly as he can and shifted jobs to his family and friends in India. 140,000+ jobs now in India, compared to about 40,000 remaining in the USA.

It’s no surprise that the company is failing dramatically.

https://x.com/WallStreetMav/status/2077162099646566421

Sounds like some rough times! Glad to see you made it through! 🙂

It’s all about pre-positioning ( pushing the paper price of G&S down before an economic # comes out). The scum knew that the PPI number was going to be on the light side ( -0.3 vs. 0.0 expected), so when there’s a knee jerk reaction higher after the number, the gain is very small.

Part of the games they will always play….