Loading ...I’m sorry but you ideas of a 50 dollar mug or 60k did you say Toyota doesnt make any sense unless wages went up with it. As it is the system is set to give with one hand, take with the other. Rising wages means rising prices and taxes. If that isn’t bad enough stumbling block for getting ahead putting the cart before the apple would be worse. It would create rising crime, black markets, further divide of rich and poor, business to close as people tighten their belts and barter systems. We have inflation already with rising prices rising taxes in some areas but mostly expanding gov inflation of tax dependent income. More people will need gov assistance. The more problems they cause to society the more things will go wrong which they will just make more laws and hire more people to inforce them expanding gov even more till it can no longer be supported, it can’t now. In Russia that’s what happened more or less before so they are no stranger to it. The wrong thing can grow in messed up societies from Corruption to gangs. There are people behind the curtain seem to swing too far to the left or right in anything they do. All we can do is see it and prepare as best as we can and not bail on those who stood up against it once the adversity starts.
THE STRONG DOLLAR RESTS ON PILLARS OF SAND
Recent dollar strength has been a surprise to many but a strong dollar was also a key component of the Asian currency crises of 1997-98. These contributed to sharply lower oil prices, which in turn helped to trigger the 1998 Russian debt default, European bond spread de-convergence and spectacular blowup of hedge-fund Long Term Capital Management (LTCM). It is worth recalling that, when LTCM failed, the dollar abruptly gave up a full year of gains. While history rhymes rather than repeats, I suspect something comparable is likely in 2015, although with US total economy debt much higher, the potential for a sharp decline in the dollar is that much greater. Read more
Incredible action-ya gotta love it-I toldja I think we’re in for a
run with gold up, say, 22 outa 25 days-tacking on 200-300 bucks-something is different–and if we do have this run, total disbelief will accompany it all the way up
Well just shows that even congress is subject to dictatorship
John just retained speaker and has banished anyone who has different views. There are so many Americans out there good people who are trusting the gov to to the right thing are being let down and we have corruption and intimidation from within, even destroying their own party’s.
Republicans Lay Seeds to Destroy Their Own Party – John Boehner’s Revenge
1-6–Armstrong on gold
The “pop” in gold has been more of a base building consolidation. This of course warns that what will not rally strongly when the cycle turns up, goes down harder when the cycle turns back down. We achieved NO Yearly Sell Signals in gold so from a long-term perspective all is still well. Nevertheless, key resistance remains at the 1250 level and only a weekly closing back above that area will relieve the selling pressure. So the uptrend in gold is barely visible, and that is a major concern for the downside.
When BIG BANG starts to unfold, as people begin to become frightened about the future, that is when things begin to pop. It does not matter what YOU think about ANYTHING. This is what the goldbugs do not comprehend. TheONLY thing that matters is what does the majority BELIEVE. Once the general perception shifts, then and ONLY then will the flight to assets infiltrate the majority and that will create the panic both up in assets and down in debt. This is why I have stated it really does not matter if there is gold in Fort Knox or not. It is always the perception. People who are biased will believe that because that is what they WANT to believe since NOBODY can prove it either way.
1-7–ARMSTRONG
REPLY: Yes this is the real problem. There is no freedom of speech when it comes to analysis. The big houses are worthless for analysis because it must be politically correct. Not being allowed to say Greece will be forced to leave the Euroland, which is basic economic analysis is outrageous. The big firms will not allow their analysts to even utter such words for fear they will piss-off Brussels. That will of course not prevent Greece from leaving or the Euro from collapsing.
The Euro is Dead. Normally you would say long-live the dollar. But that too will have its day soon. For now, the dollar will rise and create such vertigo, we need this move to create the economic chaos the other side of 2015.75.
Good Morning Maya
I grew up with a Rock Island spur rail in my backyard as a kid, but I never saw any engines go by that looked like that. Guess it dates me, but very cool photo. What’s in store today folks?
An odd, non-linear world by Tim Price
“The start of the New Year is traditionally a time for issuing financial forecasts. But there seems little point in doing so given the impact of widespread financial repression on the price mechanism itself. Are prices real, or fake ? The cornerstone of the market structure is the price of money itself – the interest rate. But interest rates aren’t being set by a free market. Policy rates are being kept artificially low by central banks, while the term structure of interest rates has been hopelessly distorted by monetary policy conducted by those same central banks. Inasmuch as ‘real’ investors are participating in the bond market at all, those institutional investors have no personal skin in the game – they are economic agents with no real accountability for their actions. Other institutional players can be confidently assumed simply to be chasing price momentum – they likely have no ‘view’ on valuation, per se. The world’s bond markets have become a giant Potemkin village – nobody actually lives there.” Read more
Huge bounce back in PM stocks-but the opening drop was waaaaay out of
proportion to the 7 buck loss in gold futs–with gold the manipulation always causes out-sized losses and limited gains
The first pebble of the landslide
The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming
Tyler Durden’s pictureSubmitted by Tyler Durden on 01/07/2015 10:03 -0500
“There are too many ugly balance sheets,” warns one energy industry analyst, adding simply that “the group is not positioned for this downturn.” While the mainstream media continues to chant the happy-clappy side of lower oil prices, spewing various ‘statistics’ about how the down-side of low oil prices is ‘contained’ and the huge colossal massive tax cut means ‘everything is awesome’ for America, the data – and now actions – do not bear this out. Macro data has done nothing but disappoint and now, we have the first casualty of the shale oil leverage debacle as WSJ reports, on Sunday, a private company that drills in Texas, WBH Energy LP, and its partners, filed for bankruptcy protection, saying a lender refused to advance more money. There are many more to come…
goldielocks @ 23:18
re part:
“They are also having a hard time buying anything in any other country because of the currency instability which also hurts businesses.”
Comment:
That’s pretty much true. Imports would cost a lot more with a lower Ruble. (good) And yes, some retail and import businesses would lay people off. (traitors)
I would love to see a lower dollar create a $50 imported screw driver, $50 coffee mug, $50 can opener, a $10,000 TV set, and a $90,000 Toyota. Many manufacturing businesses would open up all over the USA.
So what if the traitor US retailors and importers get laid off. They can get a job in a factory, or exporting business instead, and be use full, contribute some THING to the countries needs.
Layoffs would happen in other countries like the lay offs in the USA after ’75 with the stronger US dollar. Why do you think TPTB lowered our US dollar from 120 back to 85 after 2001? To HELP us stay alive a little longer.
Morning Maddog
Gotta figure if we lose $1210 we’ll probably lose $1200 too.
Lots of land mines the next few days starting today with the Fed minutes – ADP already showed fantastic job growth – then of course Friday we have the dreaded jobs report.
Probably all boils down to whether the SM can hold its’ gains.
On the plus side, silver is holding up well so far.
It’s on account of the healthy economy doncha know
Nervous Investors Flee to Treasurys
Yield on 10-Year U.S. Government Note Drops Below 2%
By
Min Zeng and
Nick Timiraos
Yields on government bonds in the U.S., Germany and Japan plunged Tuesday as anxiety over global growth intensified and investors sought havens from widening financial-market turmoil.
http://www.wsj.com/articles/u-s-government-bonds-continue-to-strengthen-1420552119
Gunmen Hunted After 12 Killed At Paris Magazine
Twelve people have been shot dead at the headquarters of the French satirical magazine Charlie Hebdo in Paris, say police.
Three masked gunmen stormed the offices of the controversial publication, which has previously been attacked over its portrayal of the Prophet Mohammed.
They were armed with Kalashnikov rifles and are also believed to have had a rocket-propelled grenade.
more http://news.sky.com/story/1403662/gunmen-hunted-after-12-killed-at-paris-magazine
Good morning Oasis
Lake Shore Gold Reports Record Production of 185,600 Ounces in 2014, Company Repays $45 Million of Debt and Increases Cash and Bullion to Approximately $60 Million
http://finance.yahoo.com/news/lake-shore-gold-reports-record-110000886.html
Rubicon’s Infill Drilling Program Confirms Continuity and Grade of the F2 Deposit and Continues to Encounter High-Grade Mineralization in Sparsely Drilled Areas
http://finance.yahoo.com/news/rubicons-infill-drilling-program-confirms-110000579.html
Argonaut Gold Announces Full Year 2014 Gold Production of 136,706 Gold Equivalent Ounces; Record Quarterly Production of 44,312 Gold Equivalent Ounces
http://finance.yahoo.com/news/argonaut-gold-announces-full-2014-123000979.html
Gold Train
Playing ‘Chicken’ with trains? The Rock Island Line and the
Santa Fe at Joliet crossing.
http://www.railpictures.net/photo/512387
Sod Grexit it was all about Boehner
Now he is safely back as Speaker, it’s the same old routine.
SM calling Dow… plus 100..on what ????/
Au under pressure all night, how long before we lose 1200 ????
Oil flat on it’s arse,
Rates no-where despite the SM going bonkers
Dollar well bid…..as usual.
These aren’t mkts, the’re a charade.
