Posted by treefrog
@ 23:11 on January 26, 2018
“…I’m thinking he is offering up a sweetheart deal with some serious conditions he knows the Democrats will never accept…. This way he can say, see I offered more than they asked for, but they refused the deal.
Hopefully Trump is playing Chess and Schumer…. Checkers…”
the way i see this (hopefully) playing out is…
trump plays for time, and congress can’t/won’t pass a law about the “daca dreamers” (which is a policy of obozo, and not a law). in the fullness of time, the supreme court confirms trump’s authority to enforce existing law by deporting the lot of them, and a republican majority passes wall funding, an end of chain migration, and kills the lottery – with the democratic minority weeping and wailing.
Posted by Buygold
@ 21:44 on January 26, 2018
A Brief (And Messy) History Of Modern Gold Standards
“As gold prices hit a new cycle high, Americans, by and large, are still reluctant about gold… They don’t quite ‘get it’…”
Posted by ipso facto
@ 19:26 on January 26, 2018
Ford files a patent for a driverless police car that can HIDE behind trees and buildings to catch speeding drivers
http://www.dailymail.co.uk/sciencetech/article-5315833/Ford-files-patent-make-autonomous-police-vehicle.html
Posted by Buygold
@ 18:27 on January 26, 2018
“A financial smash-up is really the only thing that will break the awful spell this country is in: the belief that everyday life can go on when nothing really adds up. It seems to me that the moment is close at hand. Treasury Secretary Mnuchin told the Davos crowd that the US has “a weak dollar” policy. Is that so? Just as his department is getting ready to borrow another $1.2 trillion to cover government operations in the year to come. I’m sure the world wants nothing more than to buy bucket-loads of sovereign bonds backed by a falling currency — at the same time that the Treasury’s partner-in-crime, the Federal Reserve, is getting ready to dump an additional $600 billion bonds on the market out of its over-stuffed balance sheet. I’d sooner try to sell snow-cones in a polar bomb-cyclone.”
The financial crash is not an option. Stocks going up are the only thing that will save pensions in the US. Forget about rising rates or a falling dollar, even if the dollar falls they will keep bonds in check to prevent a US gov’t stresser or default of any kind. Never going to happen – ever.
Lastly, there is nothing that will stop them from ever allowing gold to cast doubt on the financial system. That problem has been solved through complete manipulation of all markets. These aren’t Sinclair’s good ol’ days. This is the new reality.
The Fed will never dump $600 billion of bonds on the market, Kuntsler is wrong – as always.
Posted by commish
@ 18:15 on January 26, 2018
Gold 1349.30
Silver 17.38
USD Index 89.06
Posted by Richard640
@ 16:39 on January 26, 2018
Alas , things are connected and consequences await. It would be rich if a flash crash ripped the Dow, S & P, and the Nasdaq to shreds twenty minutes after the Golden Golem of Greatness finished schooling the weenies of Davos on the bigly wonderfulness of his year in office. In fact, it would be a crowning comic moment in human history. I can imagine Trump surrounded by the fawning Beta Boys of Banking as the news comes in. Poof! Suddenly, he is alone in the antechamber backstage, nothing left of his admirers but the lingering scent of aftershave. The world has changed. The dream is over. In the mirror he sees something that looks dimly like Herbert Hoover in a polka-dot clown suit, with funny orange wig….
A financial smash-up is really the only thing that will break the awful spell this country is in: the belief that everyday life can go on when nothing really adds up. It seems to me that the moment is close at hand. Treasury Secretary Mnuchin told the Davos crowd that the US has “a weak dollar” policy. Is that so? Just as his department is getting ready to borrow another $1.2 trillion to cover government operations in the year to come. I’m sure the world wants nothing more than to buy bucket-loads of sovereign bonds backed by a falling currency — at the same time that the Treasury’s partner-in-crime, the Federal Reserve, is getting ready to dump an additional $600 billion bonds on the market out of its over-stuffed balance sheet. I’d sooner try to sell snow-cones in a polar bomb-cyclone.
Happy Landings
Posted by eeos
@ 16:18 on January 26, 2018
I love it, I was just going to post not a bad week! Have a great weekend everyone!
Posted by Maddog
@ 16:05 on January 26, 2018
Not a bad idea, they just had to sit on $ 1350 today, could not have been more obvious, while ramming the SM to a new record.
Overall as u say, not a bad close at all…..
Cheers
Posted by Buygold
@ 16:05 on January 26, 2018
Posted by Buygold
@ 16:03 on January 26, 2018
Posted by Farmboy
@ 15:34 on January 26, 2018
as insurance against a bankster bop for Monday. Tues, Jan 29 is Futures Option Expiry . Will the banksters try to take us down as SOP? With the weakness in the dollar i have to tell ya I dont have much confidence in the puts, but….Da Boyz are persisent if nothing else. Have a great weekend, we had a pretty good week this week.
Posted by Maddog
@ 14:36 on January 26, 2018
Posted by goldielocks
@ 12:59 on January 26, 2018
We’ll take care my friend. Have your passport up to date. Your so familiar with the country language people you should do okay. Hope Columbia wakes up doesn’t let happen what happened to Venezuela with all that mismanagement.
Amazing how a few people can mess things up for so many like what’s going on in Sweden. I’m will miss the Bon Dia smiling faces of Aruba. Heck no I won’t till I can’t.
Posted by Richard640
@ 12:44 on January 26, 2018
I guess one could call that a bullish divergence…but with G&S ya never know…
Posted by Alex Valdor
@ 11:50 on January 26, 2018
Sometimes just one block makes the difference between a safe neighborhood and danger .
I can tell you that socialism is rampant , and often masks hidden Communism .
On the topic of Islamic influence in Venezuela , I can tell you that the airport in Panama is a major hub for flights between Central and South America , and the rest of the world . A couple of years ago I was waiting for a connection when a plane discharged a huge group of mullah types from somewhere in the ME . My thought was ‘ Here is the forefront of a major immigration wave .’ One of the principle tenets of Islam is to spread through immigration . There are two ways of paving the way to Islamic heaven :1. Jihad ( killing infidels ) and 2. Spearheading an immigration wave to spread the influence of Islam to new areas . South America must seem like heaven on earth to someone from the ME desert regions.
Coming from FL , where topsoil can be very shallow above former seabed sand , to see rich topsoil almost two feet deep on a hillside is just incredible . Add to that , a little rain , bracketed by sunshine virtually daily and there is lush vegetation that seems like a dream even to me , let alone someone from a desert region .
The drug cartel influences are widespread throughout the Americas , and I expect , globally. The devastation to civilization is immense , and growing .
We do what we can to remain unpolluted by this menace .
Thanks for your concern .
Posted by ipso facto
@ 11:15 on January 26, 2018
“How long do you think the equity indexes will levitate once the bond market implodes? What vaporizes with it is a lot of the collateral backing up the unprecedented margin (extra borrowed money) that this rickety tower of financial Babel is tottering on. A black hole is opening up in some sub-basement of a tower on Wall Street, and it will suck the remaining value from this asset-stripped nation into the vacuum of history like so much silage.”
Happy Landings
Posted by Buygold
@ 11:06 on January 26, 2018
Hope the Chinese and Russians fix this
Posted by Mr.Copper
@ 10:32 on January 26, 2018
On a one year chart Silver and Platinum are FLAT FLAT FLAT with palladium up 50%. maybe Silver will join platinum to catch up to reality.
http://finance.google.com/finance?q=pplt&ei=kkhrWqiSO5G_e43OkoAD
Posted by Maddog
@ 10:22 on January 26, 2018
Pleasure….I thought those comments very good news, as it’s pretty much the 1st time that view has been voiced and no doubt it was officially sanctioned, which means the Chinese are OK with it.
Posted by drb2
@ 10:07 on January 26, 2018
Thanks for posting. We can only hope his predictions of Russia & China’s intentions are correct.
Funny (sad?) to be looking to those countries for freedom from oppression. What a flip from my youth.
Posted by Maddog
@ 9:40 on January 26, 2018
He tends to get what he wants…witness Palladium at a premium to Plat and Au and Oil @ $ 66.
Hopefully he is preparing barge loads of Pollonium enmema’s to be inserted in the scum, where the sun don’t shine, with extreme force…
This might explain why Gold has been so strong recently !!!!
From GATA
Barisheff described the suppression of the gold price through derivatives trading in which virtually no metal ever changes hands.
He quoted the deputy chairman of Russia’s central bank, Sergey Shvetsov, as saying, “The major gold-producing nations are tired of an international gold price that is determined in a synthetic trading environment having little to do with the physical gold market.”
Barisheff added that he expects Asia to overthrow that system.
http://bmg-group.com/wp-content/uploads/2018/01/Macro-Trend-Changes-For-Gold-in-2018-and-Beyond-Empire-Club-2018.01.11.pdf
Posted by Buygold
@ 9:27 on January 26, 2018
“The GATA boys rightly make a big fuss of how the MSM etc will not touch the blatant Rigging in PM’s, ie the 1 % rule etc.
You’d think by now that someone would have noticed how every US No’s statistic is allways SM bullish…the odds are no longer quantifiable, on that occurring in the real world.
Yet never seen anyone touch it.”
Yeah, they don’t touch it for the very same reason the Federal Reserve System and Monetary system is never taught in school or that the real rich people are named Rothschild, Kuhn-Loeb, Harriman, Rockefeller, etc. or any other occult knowledge.
They are instructed never to comment or report by TPTB
As for the USD, it appears there is a coordinated effort going on, whether by the US govy or someone else to reduce its status
Posted by Maddog
@ 8:54 on January 26, 2018
The GATA boys rightly make a big fuss of how the MSM etc will not touch the blatant Rigging in PM’s, ie the 1 % rule etc.
You’d think by now that someone would have noticed how every US No’s statistic is allways SM bullish…the odds are no longer quantifiable, on that occurring in the real world.
Yet never seen anyone touch it.
Oh,Oh here comes sub 1350……Lloyd is running around the Davos graveyard with a metal detector…..
Re Dollar something bigger…Aden sisters are v Dollar bearish long term, as are others, which means big money is getting out….I reckon Lloyd told the Donald that the boys still had loads to dump, so calm the mkts, or even better rally the Dollar, to allow them to get out….yr talking years of dollar bullishness to dump.
Posted by Buygold
@ 8:52 on January 26, 2018
” I was not trying to talk down the Dollar”
USD drifts up a little, but barely. Not going to last IMHO – there is something bigger going on there.
Posted by Buygold
@ 8:38 on January 26, 2018
Q4 GDP misses – up 2.6% v. Est. 2.9%
Dec. Durable Goods beat up 2.9% v. Est. of up 0.7%
USD resumes it’s downward trajectory, SM resumes its upward trajectory
Yawn