parts:

“Those who follow shipping already know that the dry bulk segment has been caught up in a historic bear market for the past three years. This downturn is best seen through the lens of the Baltic Dry Index, a current indicator.”

“Introduced on January 4th, 1985, at 1000 points, this economic indicator had reached a record high of 11,793 on May 20th, 2008 and a record low of 290 on February 10th, 2016.”

https://seekingalpha.com/article/4052442-dry-bulk-shipping-talk-leading-indicators

Comment:

Think about it. The central planners get all the little people to save energy, while they all waste energy delivering toys and screwdrivers across oceans and continents, that can be made or produced where they are needed. Airlines and artificially cheap  tickets are another fuel wasting endeavor. Encouraging millions of people to fly to far away places cheaper than a bus ticket. No catalectic converters or mass air flow sensors on a jet plane wasting fuel. I’ll bet air travel is also in a contraction.

Pure comedy as usual.

Mr. Copper thinks there is some correlation with higher rates, but of course not the USD.

Whatever is bad for gold is the latest correlation. Always works that way, always will.

Today and last week was a complete joke, and will never end IMHO.

very good interview    BUT,  when the black swan takes off and flies—

and 300 million sheepel find out they do not have any money in the bank

what do you think is going to happen  (that’s just in the USA)?????????

Banksters continue the raid afterhours. Gold just pegged 1219. They have all day tomorrow to continue the beat down. After that, I think they have shot their wad and PM’s start a move up. Course, I have been wrong before. 🙂 At least it aint boring in the PM patch.

https://www.bloomberg.com/news/articles/2017-07-03/illinois-scrambles-to-enact-budget-as-junk-rating-threat-looms

French Police Foil Plot To Assassinate Macron

by Tyler Durden

Jul 3, 2017 1:33 PM

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Emmanuel Macron has been in office for barely two months, and already some are out for his blood. As CNN reports, a man has been charged with plotting to assassinate French President Emmanuel Macron on Bastille Day during a visit by US President Donald Trump. Investigators said the man planned to attack Macron on July 14, during a parade on the Champs-Élysées in Paris, where Trump is set to be a guest of honor.

News of the alleged plot surfaced a week after Macron invited Trump for the Bastille Day visit. That invitation was extended during a phone conversation between the two leaders about combating ISIS. The two leaders are also both expected to attend this weekend’s G-20 summit in Hamburg.

According to CNN, the plotter, who is now in police custody, is a 23-year-old “far-right nationalist who told police that he wanted to make a political statement by killing Macron.” The plotter also told police that he wanted to kill blacks, Arabs, Jews and homosexuals. In other words, a perfect scapegoat to extend the French emergency law just a little longer.

http://dailycaller.com/2017/07/03/obama-meets-with-south-korean-president-to-discuss-trump/

manifold absolute pressure sensor (MAP sensor)

mass (air) flow sensor (MAF)

oxygen sensor (or lambda sensor)

None of that crap is needed on car engines. Global warming and fuel saving is welfare jobs. God forbid the US makes its own consumer products

Wow!  gotta say – today was one serious ass whooping!!  never saw it coming.

I love this sector.

please, sir – may I have another on Wednesday.

I see tons of “pork barrel” and WPA type stuff all over the place. Imo the whole USA has been in an invisible stealth depression after 1975. Lots of fake jobs financed by gov’t borrowing and taxes.

I posted that video yesterday.

She lays it all out in a clear, concise manner.

https://www.youtube.com/watch?v=KrdWIb7FYiU

PRESIDENT TRUMP, “MAKING AMERICA GREAT AGAIN”, THE GOLD STANDARD AND A 230% INCREASE IN PHYSICAL GOLD BAR DELIVERIES – ALL CONNECTED?

http://averybgoodman.com/myblog/2017/03/04/president-trump-making-america-great-again-the-gold-standard-and-a-230-increase-in-physical-gold-bar-deliveries-all-connected/

Is BIT COIN a DERIVATIVE of GOLD  ? without – the store of VALUE feature ? Its been moving with gold ,up and down but its minus golds intrinsic store of value  !

Is it an perpetual OPTION on GOLD with NO value of its own  and No strike price ?    Enquiringly minds want to know !

many commodities are making lows.. coffee june 22,.cocoa june 22,sugar june 28,copper may 9,nickel june 1, nat Gas june 20 Heat OIL june 21,gasoline june 22,cotton june 23

and then theres the ROGERS commodity index RJI june 21…Rogers Agriculture index june 27  lows .

So it seams we are entering a bull phase for commodities and metals in the JUNE time period    as Financials are topping OUT  !   Just look at the  “permenantly high Plateau” for Financials & Banks !

then the LOW in 2009  plus 8 may be repeated in 2017   and the HIGH in 2011 plus 8 = 2019    …that s   OK with ME !

The yearly seasonal starts at JULY 4th makes this an ideal market time for a two year RUN   !

Now we need for Trump to get the message as most Gold bugs supported him ..he needs a REMINDER !

Bitcoin is Not Money ( and Neither is FIAT)

Here is why we cannot:  Bitcoin is a medium of transfer. It is not money yet. It will likely NEVER  be money.

While it shares one excellent characteristic with Gold right now, that being it is a borderless  currency, it will not sustain that quality as envious governments, banks, and corporations will demand it be reeled in. And as such, it will NEVER  be a substitute for Gold. And we are aware that the use of superlatives is ALWAYS a sign  that an argument is specious.  So be it.

Bitcoin shares with Gold for the moment the ability to unshackle people’s economic freedom, but it is ludicrous to think it could satisfy the other requirements needed to be called money let alone the other qualities that make gold the best example of the definition of “Money” itself.

1. Medium of exchange: Bitcoin satisfies this. It is used as a means to transfer your Rubles to Dollars without being “watched”. Not unlike how the USD is used to convert your chicken sales into a purchased cadillac. But different in the sense the Government is watching that trade and will not let you sell your chickens to that guy in Haiti even though he is offering a higher price. 
2. Unit of account: Bitcoin is too volatile, and not “commonly accepted” as a standard – although that may change as it evolves. just know that volatility undermines confidence in a currency (Zimbabwe, Reichmarks etc)
3. Store of value: Bitcoin does not hold its value over time. Yes it is growing in value, but that is precisely what we mean. It is also NOT a convenient way to store wealth. Just ask the guy expatriating Yuan to Australia to convert it to  USD and his Bitcoins drop 20% in 5 minutes. Stability is key. And Bitcoin has none of that.

FIAT is a horrible long term store of value. Bitcoin is a horrible short term store of value

Do a Sharpe vs Sortino ratio comparison on both BITCOIN and all FIAT to make our volatility point. We are sure the Sharpe ratio will show up as lower in both  Bitcoin and FIAT than their Sortino ratios. And the Sortino ratios will show most volatility in Bitcoin is to the upside, while all FIAT will show volatility to the downside.

The USD:  slowly sucking you dry.

?Sharpe Ratio says “Low Volatility!!” ; Sortino Ratio Replies: Yea but it is all to the downside Post Bretton Woods 

Bitcoin: All upside, unless of course you store your wealth in it today and are fine with it being +/- 20 % when  you go to buy lunch with  it.

http://www.zerohedge.com/news/2017-07-03/dear-bitcoin-wealth-preservers-youre-doing-it-w

those 30 year seasonal charts are probably the MOST reliable. Appreciate your posting them and keeping them front and center here at the Oasis.