Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
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A major new study out of Harvard University has revealed the true extent of the mainstream media’s bias against Donald Trump.
Academics at the Shorenstein Center on Media, Politics and Public Policy analyzed coverage from Trump’s first 100 days in office across 10 major TV and print outlets.
It found that the tone of some outlets was negative in as many as 98% of reports, significantly more hostile than the first 100 days of the three previous administrations:”
Sorry for the slow response. I agree with you about Trump supporters and hope they are closely watching the slime like McCain, Schumer, Graham etc.
I do believe that those that voted for Trump seem to be a little more informed and are watching what’s happening in D.C. with absolute disgust.
Going to be interesting to see how everything plays out. If DEMS take the House and Senate in 2018 and Trump is still around, the drumbeat for impeachment will be deafening.
Yeah, I like Silverngold’s optimistic chart, a little further out than I was hoping for. 🙂
I think at this point I’m just hoping I’ll have something left to leave for my kids when I step off the planet. 🙂
Suspect you’re right, there’s you, me, Sprott, McEwen and a few others here still left holding our shares.
You’re right about the level of interest, it’s pretty much non-existent, way too many folks having been burned. Volume is anemic today.
Kinda looking forward to the COT Report for some silly reason. 🙂
Sure seems like the PM stock investors have been beaten so badly that they have departed en masse for greener pastures. Only the die hards (or fools?) are left.
Having said that I still think our time will come, hopefully while we are young enough to enjoy it. 🙂
“Most of us are still too sane to piss in our own cistern, but we allow others to do so and we reward them for it. We reward them so well, in fact, that those who piss in our cistern are wealthier than the rest of us. How do we submit? By not being radical enough. Or by not being thorough enough, which is the same thing.”
Wendell Berry
Oil up over 2%
Copper up almost 2%
VIX getting crushed
Pure algorithmic awesome!
USD at the lows of the day – PM’s must be screaming higher and at the highs – Oh wait…
G&S are resilient–seems like lots of long side interest out there…but withering selling squalls from the SLIME keep them at a stand off. Looks like today will be a big nothing–gotta see what Sun nite-Monday morn bring–Trumps trip this weekend may have some effect…
Mnuchin Says Trump Administration Never Intended to Restore Glass-Steagall Act
At a time of growing loss of confidence in the credibility of President Donald Trump, his Treasury Secretary, Steven Mnuchin, declared today that the Trump administration never had any intention of restoring the Glass-Steagall Act and separating the taxpayer-backstopped insured commercial banks from the high risk Wall Street investment banks.
Under intense questioning from Senator Elizabeth Warren at a Senate Banking hearing today, Mnuchin effectively said that his idea of supporting a 21st Century Glass-Steagall Act meant doing the opposite of what Glass-Steagall did: he would leave the commercial banks and investment banks under the same roof.
I like your optimism! 🙂
“In the minds of Democrats and many of Trump’s critics in the press, Trump is worthy of impeachment simply because he is Donald Trump. He is uncouth, unpredictable and he willfully refuses to follow the unwritten rules that dictate the way Washington works. He has violated “norms.” He has ticked off the permanent bureaucracy and the intelligence community. Trump is a living, breathing affront to all that is holy and decent in Washington orthodoxy.
“The trouble is, we just had an election about this, and Donald Trump won.”
From Canada’s Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.
The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. And while early-stage exploration budgets haven’t kept pace with spending at existing mines, prospecting hot spots are starting to pop up in traditional destinations Canada, Australia and Latin America.
In fifteen years I have read a million pages of commentaries, looked at seems like a million charts, and heard another million reasons on why gold does what it does. Here is my conclusion: Aint nobody knows. Except the puppet masters and they aint talking to the likes of me.
I am trying to make this trading as simple as I can. I have started building a core of mining stocks that I will use Floridagold’s 10/20 cross to guide me as to when or buy or sell. His simple rule seems to work, and fits my goals. No more riding PM stocks down into the Zool. Been there, done that. The stocks I hold represent about 25% of my total trading account value.
I keep 25% in cash at all times to be used for extra ordinary events. N Korea nukes Japan or similar event.
The remaing 50% I use a 3x leverage ETF to ‘make money’. And that is pretty simple trading strategy with a 50/50 proposition with each given day. Gold either goes up, or it goes down. After 15 years I can usually catch it doing one or the other, enough to make a few bucks at the end of the week/month.
So far this year, it seems to be working for me. Its all good, except the amount of time I have to spend nursing the trading account.
Will continue following the same ‘program’, making adjustments as needed. A lot of prayer and luck helps. 🙂
Now can you speed things up a little on that chart? Like maybe compress the next few years into the next few months. I’m kinda in a hurry. 🙂
Great looking chart, Thanks for posting it for us.
I last updated this chart last December and am confident, if the wheels don’t come off the $USD, the chart will prove accurate. It says the $USD will continue down to $65 while $Gold soars to $3600; then to $7000. All the Best from Silverngold.
I think there is a 10 minute lag
https://finance.yahoo.com/quote/%5EHUI?ltr=1
as for silver, it bounced back, earlier, 25 cents off its low–discouraging to see this action with the $ down 612 bps–but the “there is no manipulation” contingent always come up with a great excuse why gold isn’t rising–I heard one toay on another forum that” the $ doesn’t matter to gold: it’s the yen cross”
It looks like the Slime have decided that gold won’t print green today. The stock mkt is strong today–especially the Russell–so the “no confidence in Trump” scare seems to be over for now.
I sure can’t see pm shares running away to the upside. I think it’s OpEx for them today. Probably a smart move to buy JDST. I would think you could almost buy JDST at the open on virtually any day and do OK
If I had to bet GLD will close near 119. They love the round numbers on OpEx
Definitely not going to spend my whole day watching this crap.
the bad news is Silver gets kicked around like a rag doll so who knows? The miners have not shown much strength lately, my best guess is more likely we see some action on the down side with the GDX/GDXJ.
Just added some more JDST. If they start to run the dollar up, PM’s could take a swan dive. Ok, made my choice, lets see how it works out.
Indeed, let’s hope. I might actually say a prayer for him, something I haven’t done in ages. He needs some divine guidance like I thought he had in the campaign.
You look at this whole thing, he hired Rosenstein as his #2 at the DOJ. Rosenstein caves to Democrap swamp creature demands and hires Mueller. No investigation into Clinton, Obama, Susan Rice, Pedogate…not a peep.
Shares getting drip sold out of the gates, USD smashed, PM’s capped. Same stuff, different day.
that he is floating Leiberman’s name to the Media as a ‘misdirection’ of what he actually has in mind. Lets hope.
USD turning south again, wouldn’t have thought that was coming.
Silver pretty strong after a dismal day. Once again though Gold and shares not giving us the kind of gains we should be seeing considering the USD weakness. Maybe we’ll strengthen as the day goes on but we should at least be getting back yesterday’s losses.
FOX claiming Joe Lieberman the front runner for the FBI Director – the ultimate Neocon swamp creature.
You can’t be serious Mr. Trump….
