Loading ...The Beat Goes On…
Wow, after last night, I thought I would be on mm4, so my social experiment panned out…No one reads my blah except the dude next to me @NSA
commish, that Betsy Rockefellar borders on SnG/Clif High wuwu.
No connection to the Jooz tho for BG and R640 to discuss…
Gunning for mm5
Farmboy @ 10:44 “The Kings are running”
Wow! Flashback! I immediately thought of the song “King Mackerel And The Blues Are Running” — the Coastal Cohorts– from my days in North Carolina. No, I never got out to the beach at the right time, but people talked about it every year when it happened. Great fun. Good luck!
Buygold, Up 128% In A Year. Think Its Too Late To Join The Rush?
Maybe Equisetum knows more about this since Canada is world’s Number 2 Producer. ??
Good little assault
USD down but who cares, hit it anyway…
Always pure comedy
Although there is little chatting about natgas on this forum, I cant help but be
encouraged by the plans to get on with the North Montney Mainline Project ahead of the schedule earlier projected.
James Kunstler this week–excellent!
Full Speed Ahead for Murphy’s Law
You might not know it, given all the ambient noise of the moment, but beyond the torments of news and propaganda there is still something called the nation. It’s more than just a political compact. Until not long ago it was also a culture, an agreed-upon set of values, practices, and customs that amounted to an identity: I’m an American. If you canvassed the crowd in Yankee Stadium one summer afternoon in 1947, I imagine each person would answer that way rather than saying I’m a wounded war veteran, I’m a WASP, I’m an oppressed housewife, I’m a negro, I’m Italian, I’m a Jew, I’m a union member, I’m a communist, I’m queer, I’m a rape victim….
These days, the hardships of history are shattering the nation and our response politically has been to take refuge in a matrix of rackets. Most of these rackets are economic, because it’s the essence of racketeering to extract the greatest benefit possible from the object of your racket at the least cost to the racketeer. In plain English, it’s an organized way of getting something for nothing. The identity politics of our time is another form of racketeering — extracting current maximum benefits on claims of mistreatment, often bygone, specious, or only imagined.
And so one of the truly existential questions of the moment is whether we’ll continue to be a nation, even geographically, and a lot of sentient observers aren’t too sure. Apparently we’re not too sure we even want to be. This is why the campaign slogan of Hillary Clinton, “Stronger Together,” rang so false when the Democratic Party worked so diligently in 2016 to construct separate identity fortifications and then declared culture war on the dwindling majority outside the ramparts. And you’re surprised that Donald Trump won the election?
Trump won by making promises that he’ll never be able to keep under the current circumstances. The main promise was to restore the standard of living enjoyed in bygone decades by former industrial workers and clerks. His promise was based on a misunderstanding of history: the notion that the industrial organization of daily life was a permanent part of the human condition. You could detect by the early 21st century that this was not so anymore. That was exactly why we tried to replace it with an economy of rackets. When there’s nothing left, a lot of people are going to try to get something for nothing, because there’s nothing else to do.
Hence, the financialization of the economy. In the 1950s, finance made up about five percent of the economy. It’s mission then was pretty simple and straightforward: to manage the accumulated wealth of the nation (capital) and then allocate it to those who proposed to generate greater wealth via new productive activities, mostly industrial, ad infinitum. It turned out that ad infinitum doesn’t work in a world of finite resources — but the ride had been so intoxicating that we couldn’t bring ourselves to believe it, and still can’t.
With industry expiring, or moving elsewhere (also temporarily), we inflated finance to nearly 40 percent of the economy. The new financialization was, in effect, setting a matrix of rackets in motion. What had worked as capital management before was allowed to mutate into various forms of swindling and fraud — such as the bundling of dishonestly acquired mortgages into giant bonds and then selling them to pension funds desperate for “yield,” or the orgy of merger and acquisition in health care that turned hospitals into cash registers, or the revenue streams on derivative “plays” that amounted to bets with no possibility of ever being paid off, or the three-card-monte games of interest rate arbitrage played by central banks and their “primary dealer” concubines.
Some of what I’ve listed above may be incomprehensible to the blog reader, and that is because these rackets were crafted to be opaque and recondite. The rackets continue without regulation or prosecution because there is an unstated appreciation in government, and in the corporate board rooms, that it’s all we’ve got left. What remains of the accustomed standard of living in America is supported by wishing and fakery and all that is now coming to a climax as we steam full speed ahead into Murphy’s law: if something can go wrong, it will.
When all of America comes to realize that President Trump doesn’t know what he’s doing, it will make last November’s national nervous breakdown look like a momentary case of the vapors. What can go wrong awaits in markets, banks, currencies, and the immense dark pools of counterparty obligations that amount to black holes where notions of value are sucked out of the universe. There is so much that can go wrong. And then it will. And then maybe that will prompt us back to consider being a nation again.
Farmboy @ 15:58
Pretty sure Rockefeller went the other way! 
Nat Gas? Looks like it wants to go up.
It definitely hit the buy zone area and bounced, also in late 2015 early ’16 like Gold.
Nat gas charts:
FYI GDX
Its about 9% higher than March 9th and its 84% higher than the $12.40 low 1/19/16 and $22.90 now, that’s 84% higher.
Maya
” My problem is that there is never enough ‘now’ for all the things I want/need to do.”
Think what a blessing it is to have tomorrow to look forward to for completion of what was begun today.
Pretty decent close
I’m sitting with some dry powder and a little worried we might get one of those big rallies out of the blue.
Tried to fish some GPL, EXK, SLW and MUX but to no avail….
Maya @ 15:58 LOL !
Did you get the autographed copy of the book? ‘Everything You Need To Know To Survive Noodling by RNO”
will GDX seller let 23.00 go ????
Clear the mkt wants to go higher, only the scum would try to stop it, any other seller would wait for better prices.
Answer….no way…scum landed all over GDX into the close and ominously all over GDXJ as well.
Rockerfeller At The Gate
Can hear St. Peter, ” Hey Boss, you aint gonna believe who just got here and is trying to come in !”
Farmboy @ 15:50
Obviously you’re not an instinctive noodler. RNO would tell you that when you feel the bite, it’s time to shove your hand in deeper! 🙂
Farmboy @ 15:34
Roger that Farmboy. I’m sticking to my original views. Gold bottomed in late Dec 2015, then had a nice run, until the Brexit and Trump hoopla threw us off stride, to a higher low in late Dec 2016. This recent dip has gone on way too long, like 11 or 12 trading days.
Thankfully, Yellin got dovish 4 trading days ago because Oil was dropping. In only 4 trading days golds price recouped 9 of those down days. A very good sign to me. I think we’ll be good for a while now. Weeks? Months?
Maya @ 15:38 And Another Thing,
those salt water fish often come equipped with a lot more number of sharp teeth than the fresh water variety. Something I was reminded of, once again, as I just automatically reached down to retrieve my hook from the fish jaw. Werent nothing but a flesh wound, I still have all ten of my counting fingers. I am pretty sure the missing part of one finger will grow back. 🙂
And while I await these PM markets to resolve which direction they want to take, I will try and resolve in my own mind if the fish are getting faster reflexes, or are mine slowing down. Seems like there was a huge gap between noticing a fish was chewing on my finger and I had the thought I might want to put some distance between my finger and his mouth. That is probably covered under the Laws of Retirement someplace.
goldielocks @ 13:05 -Rockefeller dies at 101
About damn time. Yeah, may he burn in hell.
http://www.zerohedge.com/news/2017-03-20/david-rockefeller-former-head-chase-manhattan-dies-101
Maya, Like It !
“Maya @ 15:34 on March 20, 2017
“Time is an invention of man to keep everything from happening all at once.”
Farmboy
Well the coffee replicator failed, so I made you some hearty soup. You can chum the water with it, too!
Now those ocean fish are a lot bigger than those inland lakes and stream ‘freshies’ you are accustomed to. Hope you have a big enough bamboo…
