Do you think the US government will confiscate and revalue gold like they did in 1933?
Total Voters: 36
Loading ...Sooner or later, it’s coming. I wonder about March and deliveries/default etc. Everyone is watching and aware, that’s not usually the time. Whenever we go, I suspect it will be a surprise. I’m pretty sure they are in the midst of fixing March’s problems right now.
I’m really tired of this crap though.
Martin Armstrong has the war drums heating up again in April … but a bottom could come sooner … in March … if the bankers can’t swindle another selloff then too.
As with today they used the algos to trigger a minor liquidity event … that could blow over tomorrow … or a week from now … which is my thinking … reason being the open interest (OI) put call ratios for GDX and NUGT are still in extremely vulnerable positions … which could pose a problem going into expiry.
This, plus some index related weakness in the broads … could provide a negative liquidity environment.
And if this kind of betting persists through March … well … then Martin could be right.
EDIT – I forgot to say with earnings coming out now … where speculators are long PM stock index calls … this is the reason they may not cover these positions because they should be good.
That’s the problem … it’s always the gamblers looking to make big money quickly.
Cheers
Repeal the National Childhood Vaccine Injury Act: The Original Petition | ZeroHedge
As you, informed citizen, are likely aware, if you follow the machinations of the unholy marriage between state and pharmaceutical industry, Congress, in its infinite benevolence and wisdom, kindly granted in 1986 special protections to vaccine manufacturers not afforded before or since to literally any other industry: blanket legal immunity for damages caused to consumers.
The argument in favor of the special treatment, which has been oft-repeated up until the present day by the industry and its water carriers, was that holding vaccine manufacturers accountable for the death and devastation they wrought on their customers, whom some might call less charitable their victims, exposed them to such great legal risk that they would simply stop producing vaccines if that standard held and millions of children would die of smallpox… or whatever.
Related: Elizabeth Warren DESTROYED by X Community Notes Over Pharma Corruption
The “we would kill so many people with your concoctions we wouldn’t be able to stay in business if we had to pay their families” is a curious plea indeed.
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What’s more — as if, in effect, granting an industry carte blanche kill or maim whomever it pleases under the guise of sound Public Health™ policy weren’t sadistic enough — in order to gain access to public schools, worksites, and other resources necessary for participation on the society and economy, these products are often mandated.
In a finale affront to basic morality and common sense, the regulatory hurdles, such as they are, required in order to get these products to market in the first place are often rigged by the very same industry the regulators are meant to regulate — activity which constitutes a crime, namely fraud, that is almost never prosecuted.
Related: Moderna Withheld Data From FDA Regulators to Get Bivalent Booster Approved
The state-facilitated sadism is simply too great a burden for a people with any self-respect or self-preservation instincts to bear.
Ipso – I guess why not? They get away with it no questions asked.
maddog – I would have thought Iran too, war is bad for pm’s, but I’m not seeing any news. Maybe they just couldn’t hold the SM up any longer and decided to sell pm’s.
Captain – I think we’re holding the winning tickets with pm’s too. Hopefully it won’t be too long now before it unravels. Days like today make it seem like it will never happen.
I look away for a couple of hours and look what you let happen.
Shares we’re getting close to what they were at $115.
Make no mistake … you are going to see a lot of government buying over the next week or so … taking advantage of China being on holidays … getting ready for March … sending a message to the market … Texas doesn’t matter (MOPE – thank you Jim Sinclair).
And if you think this is something … just wait until long rates hit 20% … yikes.
PMs will be the only show in town in the not-too-distant future folks.
Make no mistake.
Cheers all
a rough couple of weeks for us in the PM arena with a lot of the Chinese players off on vacation….
Scum are playing the same games and following the playbook. Could be wrong, but I try to use these downdrafts as opportunities to add to a few PM shares…..
i-80 Gold Secures Financing Package of up to US$500M to Advance Development Plan; Involves Franco-Nevada
https://finance.yahoo.com/news/80-gold-secures-financing-package-121700119.html
Ridiculous action! Not even a little believable as a real market decline. Sheesh
Paper kings are destroying the sector again for no reason I can see. The bullshit just never ends.
Yes I think both of those items will eventually disappear.
The premiums once the metals are trading at reality-based levels.
And the taxes will go once states secede.
Both of these items are eventualities given the commies in DC have been fully exposed. (with Epstein)
First up in the West will be a breakup in the EU that will pave the way for the formerly United States.
A matter of economic necessity once petrol prices show people what is what as they skyrocket.
People will stay closer to home … the world will get much larger again … living standards will plummet.
People will be happier once acclimated.
Cheers
illuminatibot
@iluminatibot
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7h
American shows that snow outside his home is not melting like it normally does…
“So does somebody want to tell me what kind of snow melts like this? Look at it. It’s like rubbery. It’s crazy. Look at the film on top of the ice.”
Dollar is down. Just because they can I guess.
Good to see people here pretty confident that gold confiscation won’t happen this time around. Now we just need to get it up to $20K
celebration starts on the 17th. I believe they’re “out” for 2 weeks. My guess is that the scum are trying to anticipate their absence by shaking the tree already…..
Do you think the US government will confiscate and revalue gold like they did in 1933?
No (31%, 11 Votes)
Probably not (28%, 10 Votes)
I have no clue! (19%, 7 Votes)
Yes (11%, 4 Votes)
Probably (11%, 4 Votes)
Total Voters: 36
Naval
@naval
You can’t “seize the means of production” when the means of production are human ingenuity and hard work. All you can do is stamp them out.
The current problem with metals used as currency is premiums. It’s good if they can eliminate sales taxes on top of premiums. Premiums combined with volatility by institutions and uncertainty on future supply from shortages people are not going to use it on a daily basis to pay for things but hold as a hedge due to those reasons.
Yes I’m sure there are multiple reasons for going there. “oil” LOL it’s just another coincidence! 🙂
I’m with you. Ulterior motives? Keeping China from that oil?
We haven’t exactly gone around the world protecting Christians have we.
Surprisingly good day.
… and many more states will also be meeting the call … count on it.
We need to get these whack job central bankers and their billionaire minions out of our lives.
Spit
I take your point although we should watch out for “mission creep” like what happened in V_____m.
A decent day for the good guys today!
“advisors”
Sounds familiar … 
Captain – yes. Day turned out “better than expected” and most shares caught a little bid. I’m surprised.
Ipso – I’m normally not in favor of sending troops anywhere, but in the case of Nigeria, they have been slaughtering Christians by the thousands. We are still a Christian nation here, until the Democrats get back in and replace us with Muslims. If 200 troops will get them to stop, that’s worth it to me.