Well the need to send some of that ice to the west. Heard we broke the heat record made in 1945 by one point. So fact is we’ve had these heat waves before. Just like we’ve had doughts before. Hope people taking care of their pets and take them inside and if not inside lots of shade more than one pan of water at a time and maybe a mister. That pavement can cook eggs. In Calif now it’s legal to break a window to get a pet out of a hot car from the brainless go shopping leaving them inside the car. Mothers asking what can then temp be on kids. The heat, keep them out. Wonder how many will wind up in WR. More learning what heat exhaustion is now before gets to heat stroke.
Warning
Red Alert: Senators Grassley and Feinstein’s Plot to Take Everything You Own-This Is a Real Threat
In the act, Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017. a citizen cannot possess cash or cryptocurrencies without reporting, in writing, to their local bank. Also included in the list of prohibited list is includes prepaid mobile phones, electronic currencies and even retail gift vouchers. Failure to comply does not only result in a stiff fine and 10 years in prison, it also involves the confiscation of all of your personal assets under Civilian Asset Forfeiture. In other words, if you store cash of engage in the business of cryptocurrencies, you are being labeled as a terrorist.
Read it in its entirety:
Anyone else in a heat wave?
106F here expected to get hotter this week. Heard Arizona had temps expected to reach near 120 few days ago.
Heating up
Saudis Foil Iranian Terror Attack On Major Offshore Oil Field
The situation in the Middle East is furiously escalating with each passing day.
While today’s news of Israeli financial support for Syrian insurgents came out of left field, our earlier assessment following the report of “turmoiling” Syrian rebels in the aftermath of the Qatar crisis still stands, namely that “the next major regional conflict appears set to be between Saudi Arabia and Iran. All it needs is a catalyst.”
That catalyst nearly presented itself overnight, when the Saudi information ministry said the Saudi Royal Navy allegedly foiled an attempted terrorist attack on a major offshore oilfield in the Persian Gulf on June 16, when it captured three members of Iran’s Revolutionary Guard Corps from a boat as it approached the kingdom’s offshore Marjan oilfield. The Saudi Center for International Communications added that the boat carried explosives, and the Iranians aboard “intended to carry out terrorist act in Saudi territorial waters.”
cont. http://www.zerohedge.com/news/2017-06-19/saudis-foil-iranian-terror-attack-major-offshore-oilfield
No clue – maybe R640 knows
See no real reason pm’s or shares are going to to move higher from here.
Gotta love em!
Another great video to open a few more eyes
Plus it ends with George Carlin and the American Dream. Tells you why they call it that.
@Treefrog re something’s goosing the dollar.
I remember during Clinton, Greenspan, Robert Rubin, Larry Summers, and Roger Altman administration, 1992 to 2000, they raised the dollar so high from 80 to 120, that Silver was like $4.75, Gold I think under $300, Oil under $18 in, heating oil I think was .46 cents.
After little George Bush got in, “they” were forced to add tariffs on imported steel and lumber, to avoid more bankruptcies. Then after 2001 they started dropping the dollar from 120 to 80 to inverse prices higher so businesses could survive without the tariffs that were then dropped. Later on they had the dollar down to 72, in 2008.
Then came the big crash in ’08 and back up went the dollar, probably to help Europe Japan et al. As long as the US public is fooled enough, and thinks the US economy is doing ok, the foreigners will help themselves to “another strong dollar serving” of US consumer dollars. Or rather spoon feed us more of their exports.
At least phiz silver looks good here
that’s a serious positive. Something to be thankful for. Glad gold hasn’t been flushed with silver, and just creamed. I suppose anything is possible. Commodities in general look horrible, all while tech stocks are killing it. Tech stocks are so powerful, they are affecting commodities. There’s a tangential relationship here. It’s study material
something’s goosing the dollar.
if it keeps strengthening, the metals will keep singing the blues.
FYI
GDX down a penny—NUGT up 8 cents—GG down a cent with gold down 9.60 and silver down 18 cents—that tells me gold is well supported and sponsored—and those supporters wil soon overwhelm the govenment and the big banks that are repressing the price.
Oh gee look the stock market is levitating again
#goldbugsarescrewed, #commoditiesaretoast, #summerislong
Ipsofacto Re China’s problems
You’re exactly right. They have financial problems. But ask yourself why? I don’t know if you remember any of my posts from way way back, but I do. And after the US consumer threw up his guts after during the 2008 melt down?
I told everybody, even local friends and relatives, that China has finally peaked, China is or was in 2008, exactly where the USA was in 1980, finished, and it’s OVER for them simply because the US consumer was finished. Even retail middle men, finished or contracting. No more ways or methods to get borrowed money into consumers pockets.
Note all the frantic gov’t financial news…..”Geez we have no unemployment, and wages are not going up” “What’s wrong” If they don’t admit what’s wrong, or KNOW whats or acknowledge whats wrong, they can’t solve the problem. Millions still on food stamps.
Ipso
yeah, he’s been obstructed at every turn by the D.C. establishment, Repubs and Dems. Unfortunately, he invited some swamp creatures into his cabinet as well and hasn’t cleaned house in areas of his control like the DOJ. Every Obama appointee should have been relieved of duty on day one.
I really don’t get it. maybe Mr.Copper is right and he was just a well chosen plant to feed discord throughout the country so people wouldn’t notice what the swamp was doing behind the scenes.
I’m honestly not convinced he’ll make it another year without being impeached or forced to resign.
Funny how the stock market is immune to any negative news, really no matter what it is.
Mr. Copper
“Any and all countries with financial problems, very likely have all their consumer products made in foreign lands.”
China has massive economic problems, so being a manufacturing power does not necessarily protect a country from other bad economic decisions.
ipso facto @ 11:16 Trump Just Another Well Chosen Front Man
I love Trump, but I knew right away when he said “China did this or China did that” that something was terribly wrong. “China” did not do anything. They also were “chosen” for development of their consumers, and were used as a vendor sanctuary.
Any and all countries with financial problems, very likely have all their consumer products made in foreign lands. The consumers are imo SUCKERS to big business plans and agendas every time they buy something foreign made.
Re Down Gold and Green Miners
I’m wondering if the people riding the Dow and SnP tickers, are flush with big profits, and starting to nibble into wants a lot cheaper, and great potential. “What the hell do they have to lose?” 🙂 They’d be investing the house’s money.
On top of that, the futures players and bullion buyers watching PM shares going green might start going long or adding to those positions. I think we’re still digesting all the Trump hoopla, or all the cheer leading for the US economy.
I also think the UN, and or the Fed Res and all anti non- USA countries are keeping their currencies lower for self protection, inverting our Dopey Dollar higher, thinking we are the fat pigs on the planet and to hell with the USA.
They simply want all USA consumers to keep on buying their products, while they have a “loaf under each arm”. If the Americans had a leader that promoted a boycott of imported products, we would prosper here after the rotation.
Thank about the prosperity of the ’50s and ’60s, and why is was that way. New cars every 3 years, some paid cash, no 6 year loans or leases. Two week vacations every year. The “see the USA in your Chevrolet”
No medical insurance needed. Dr. came to the house. For $5. One income households. Next time you are stopped at a traffic light, look around yourself. You will think you live in a foreign land. All those people around you only care about themselves. Totally unpatriotic. Why do you the think the President, and all the others in the convoys are driving Suburbans’, Escalades’ and Tahoes’ etc.
Those CMC and Chevys are like a big proud American flag. The President and his crew would look like a bunch of idiots representing the USA, using Honda Pilots, Lexus or BMW SUVs or Nisson Pathfinders etc.
Buygold
“Yeah, the only thing Trump has proven is how little power the President actually has when up against the Deep State.”
You can say that again! He’s obstructed from doing just about anything, and the Republicans are as often as not the obstructers. This is a rocky road we are headed down.
Hey Ipso
Yeah, the only thing Trump has proven is how little power the President actually has when up against the Deep State.
I naively believed he’d be able to come through on some of his promises and the big one being getting out of the useless wars and focusing here instead.
Neocon controlled deep state holds all the cards, if they want war they’ll create it. Sad.
Gold and silver look like crap, if the shares manage to finish flat, it’s a minor victory.
Buygold
Yeah seems like the shares would like to go higher … if not for the Cretin Death Grip on gold.
Doesn’t appear the Russians liked us shooting down the Syrian plane. Just wait until a coalition plane gets shot down. I voted for Trump partly to avoid all this increased war risk. I AM disappointed!
Hey Ipso
Few of the juniors trying to hold their own, MUX, GPL, AXU to name a few.
Getting zero help from the metals though.
GLD @ 102 12/7/15 >>> GLD Correction Low Today @ 119 >>> Still 16% Higher
Same time frame SPY on highs up 22%. Dia on highs up 26%.
They are on highs and we are on lows, and they really aren’t much better. Performance wise than gold.