Loading ...Always loved Murph and his crew. The only group of guys that could bitch louder than me about where gold and silver SHOULD BE. James Turk is sooo right! Gold should be at $3300 and yet….
We have to deal with reality and “what is”
Murph and his bunch of merry men – throw in Sinclair too – never deal with what is reality.
Comment:
I am no longer the only one (for decades now) claiming we have a communist media. Someone from a communist country finally confirmed it. I made posts about it years ago. Implying, if the USA is allies with communists China, and communist USSR, then the USA must also be partly communist, and the communists must be partially capitalist.
If you mix muddy water with clear water, what do you get? Water that’s less muddy. If you merge third world countries like MS 13 El Salvador with the USA first world country, what do you get? One second world nation? 🙂
http://www.cbsnews.com/news/russia-sergey-lavrov-slams-american-media-over-trump-intel-reports/
A Monster Eating the Nation
We’ve had some server problems this past week that made it hard for some readers to get on the comment log. It was not a hack. Today, it was a server cache issue. Sorry for the inconvenience.
Is there any question now that the Deep State is preparing to expel President Donald Trump from the body politic like a necrotic organ? The Golden Golem of Greatness has floundered pretty badly on the job, it’s true, but his mighty adversaries in the highly politicized federal agencies want him to fail spectacularly, and fast, and they have a lot of help from the NY Times / WashPo / CNN axis of hysteria, as well as such slippery swamp creatures as Lindsey Graham.
There are more problematic layers in this matter than in a Moldavian wedding cake. America has been functionally ungovernable for quite a while, well before Trump arrived on the scene. His predecessor managed to misdirect the nation’s attention from the cumulative dysfunction with sheer charm and supernatural placidity — NoDrama Obama. But there were a few important things he could have accomplished as chief exec, such as directing his attorney general to prosecute Wall Street crime (or fire the attorney general and replace him with someone willing to do the job). He could have broken up the giant TBTF banks. He could have aggressively sponsored legislation to overcome the Citizens United SOTUS decision (unlimited corporate money in politics) by redefining corporate “citizenship.” Stuff like that. But he let it slide, and the nation slid with him down a greasy chute of political collapse.
cont. http://kunstler.com/clusterfuck-nation/monster-eating-nation/
French researchers have found a way to save Windows files encrypted by the WannaCry virus, racing against a deadline as the ransomware threatens to start locking up victims’ computers first infected a week ago.
WannaCry, which started to sweep round the globe last Friday and has infected more than 300,000 computers in 150 nations, threatens to lock out victims who have not paid a sum of $300 to $600 (£230 to £460) within one week of infection.
A loose-knit team of security researchers scattered across the globe have revealed they have collaborated to develop a workaround to unlock the encryption key for files hit in the global attack, which several independent security researchers have confirmed.
*How bad is it today? John Embry remarked on a Basquiat painting bought in 1984 for $19,000 just sold for $111 million. While silver, which sold for $50 in 1980, can’t get over $17. More appropriately: not allowed to get over $17.
*The dichotomy between bitcoin and the gold price action is both breathtaking and very revealing. Bitcoin has caught up to other asset prices which have been soaring and is now leading the pack. Gold and silver can’t get out of their own way thanks to The Gold Cartel. The contrast between the precious metals and everything else is causing more and more veterans in our sector to quit and has bullish sentiment as low as it has ever been.
*The growing disparity between the precious metals prices and other assets clearly reveals the extent of The Gold Cartel’s market suppression/manipulation. In terms of numbers, James Turk made note just how egregious it all is by pointing out that if gold had just kept up with inflation in the U.S., it would be $3300 an once today.
*In silver the egregiousness of the situation is best pointed out by its astoundingly high open interest, as covered of late. James Mc’s stark comparison to lumber is mind blowing.
*How bad is it today? The DOG has soared right back close to its all-time high, competing with bitcoin for flying the bullish flag honors for the day … while gold is down $2 with the dollar down .60.
The Commitment of Traders Report
Silver
*The large specs increased their long positions by 5,160 contracts, but increased their shorts by 15,811 contracts.
*The commercials increased their longs by 7,212 contracts and reduced their shorts by 4,720 contracts.
*The small specs decreased their longs by 706 contracts and increased their shorts by 575 contracts.
Gold
*The large specs reduced their long positions by 14,583 contracts and increased their shorts by 8,699 contracts.
*The commercials increased their longs by 8,759 contracts and reduced their shorts by 12,804 contracts.
*The small specs increased their longs by 12 contracts and reduced their shorts by 1,707 contracts.
No surprises, but constructive theoretically.
It might take the millennia patriots to move on Gov and Clean house with the now yuppie grandma and grandpa dregs of society. I don’t expect most will consider themselves conservative due to the hypocrisy and the way babyboomers treat them. Then we got a establishment full of yuppies trying all they can to indoctrinate or harass them. They’re watching all this insanity.
Today I heard someone on a financial channel saying part of the problem with reform is certain republicans want cut backs in what they call entitlement programs like SS and Medicare. Then practically in the same breath saying they are using funds paid into medicare to help pay for the Obama care program, just unbelievable. They have no ability to be trusted with other people’s mondy or know what they are doing. Spend their rent money now then evict them later. We need to put them on the same programs and see how fast they get it fixed. With their inability to look down the road even then they’d probably still spend it then try to raise taxes.
Safe journey Mr President.
Now the rest of you, its the weekend. Lets Party !! 🙂 🙂 🙂
I think the gender neutral people should watch. They will see that there is two species. One is man and the other is women. If you get my drift.
Enjoy your weekend Farmboy.
Got me all revved up for the shuffle board game this weekend. 🙂
Ipso – yeah, mine too. I hold all of those as well except FSM. At least I’m glad to hold the same ones as you because I’m pretty sure you do a lot more research than I do. 🙂 I actually hold GPL and AG too.
Mr. Copper – I actually see signs of a recession dead ahead and the only thing keeping real estate and some business expansion going is low rates. They cannot raise rates, I also believe you will start seeing lower prices in R.E. – a lot up for sale in my neighborhood. As you say, the fantasy is always much greater than the reality. Trump won’t be allowed to cut taxes, or build the wall or create jobs. They and half of the Republicrats are Communist Swamp Creatures – modern day Bolshevicks-they prefer war and death to honest growth.
eeos – did you really use the word “tool” in the same paragraph with that crying little bitch Anthony Wiener? Shame on you dude. 🙂
I think people really went in there and inspected what was going on came to their own conclusions. Huma Abedin’s relationship with this tool Weiner and her being Hillary’s girlfriend hurt them. It was a big mistake to have married him, she paid for it. It’s one of those situations where politicians try to use each other for Mutual political gain.
I see little signs of the beginning of a new recession. Its not obvious yet, but it will soon, probably starting late summer, early fall, with falling real estate prices. If they take away the r/e tax deductions?
I see many new listings of houses popping up for sale, before early spring, and within two to three weeks, they get nervous and lower the high asking prices.
We already heard about the 7,000 retail stores ready to shut down. Many lay-offs. Plus, cutting back funds for the EPA and similar money wasting agencies will have layoffs. The ugly head of reality will reveal itself. The fantasy going on is always better than the reality.
Cover baby cover! 🙂
“Shares” Yeah I’m holding EXK, MUX, FSM, KLDX, SAND and AXU all down today. My total PF is down a little. Sheesh
On the COT Report, I thought the silver action was pretty stunning. Looks to me like the shorts are going to get their asses handed to them.
As far as the shares go, it’s just one big kick in the scruds after another…
Former New York congressman Anthony Weiner has tearfully pleaded guilty to sending obscene material to a minor.
The charge stems from sexually charged text messages he exchanged with a 15-year-old girl last year.
Weiner, 52, stepped down from his congressional seat in 2011 over a sex scandal and was again exposed during his 2013 bid for New York mayor.
He must register as a sex offender and faces a possible prison term.
Weiner’s estranged wife Huma Abedin filed for divorce from him on Friday, according to New York media.
He entered his plea earlier in the day at a Manhattan court and was released on bail, pending sentencing on 8 September.
As part of his plea agreement, federal prosecutors said they would consider a term between 21-27 months “fair and appropriate”.
Weiner cried in court as he said: “I have a sickness, but I don’t have an excuse.”
He acknowledged it was “morally wrong” and unlawful to have knowingly sent obscene messages between January and March last year to a North Carolina girl whom he knew to be 15 years old.
R640 – I can’t even begin to speculate why the stock market goes up almost every day. If it’s because they expect Trump’s policies to be implemented then I think a lot of folks are taking a huge risk because Trump will be lucky to get much if anything done IMHO.
Ipso – here it comes….and it’s a good one! 🙂
Jesse yesterday
“Stock options expiration tomorrow, and a precious metals option expiration on the Comex next week.”
got too many Goldman guys on the Payroll .Lieberman is just a political concession to them and the most dangerous as FBI is a powerful political place to be ,you collect dirt on everybody ..Comey tried to do what Hoover did ,but he wasent as clever and got fired. The FBI needs a neutral ,if thats possible . The only way you can get that is to give them an AWFUL choice to start with ,let then REJECT him ,then they will settle for a neutral . You have to give them a terrible choice to start with ..someone like David Duke ! Get them all riled up ! then they will settle ! I learned that trick from my Dads ex partner Bernie (salesman supreme) ..He would show a buyer twelve beautiful samples of tennis dresses and then say throw that DOG in with them so the buyers have something to compare them to. (Woman buyers) Invariable they would say give me 2000 dozen of each .,,,but leave that one out ! Trumps a good salesman I hope he ‘s familiar with Bernie’s trick ! It might take Trump the next election before he can consolidate power ,the swamp is deep and murky .He wont cave in ..thats how he got rich….BTW Bernie was a Rascal ,,married 7 times and spent every one of thems money faster then they could say jackrabbitt .He was always one step ahead of them .The first wife’s money would be spent on the next girlfriend ,then the girlfriend thought he so wonderful Ill marry him !..Then he would rinse & Repeat 7 times .It works !
The King! Ya gotta love the King! 
The forex market is not in agreement what with the $ index down 770bps. Hard to see a waterfall decline in gold…yet there is no upside and lite volume–was there an op-ex yesterday? Today?
“Kinda looking forward to the COT Report for some silly reason.”
Yeah me too. The sooner the gold specs cough up their long positions and even go short then the sooner gold will run. The way the PM shares moves is a mystery. Not an original thought but at some point JPM, GS and the other gold shorts may go heavy into the mining shares to help hedge their shorts. I’d sure like to see that!