Posted by macroman3
@ 23:44 on March 21, 2018
What prevents US centric entities selling oil to the Chinese as much as possible and then taking the gold?
Seems to me a quick Charles de Gaulle raid a la US treasury and London gold pool collapse would destroy the Chinese contract swiftly.
The worldwide gold/oil ratio would have to expand enormously. If we are at 20:1 (1300/65) it would have to go to 50 or 75:1 so all that gold China acquired doesn’t vanish. What is the gold/oil ratio in Mother Earth like AU/AG 10:1, yet trading 80:1?
The ghosts of Nelson Bunker and Lamar whispered in my ear, “Expect the unexpected.”
Posted by goldielocks
@ 23:20 on March 21, 2018
Posted by ipso facto
@ 21:36 on March 21, 2018
China will begin trading its petroyuan futures contract next week (3/26)
Posted by ipso facto
@ 21:34 on March 21, 2018
This may help us. It seems lately when Tariffs have been talked about-implemented, it’s helped gold.
China Trade War Begins at 1230ET Tomorrow
https://www.zerohedge.com/news/2018-03-21/china-trade-war-begins-1230et-tomorrow
When we DO get some follow through then we’ll really know that the worm has turned.
Cheers have a cold one and enjoy your evening.
Posted by Buygold
@ 21:26 on March 21, 2018
Today was good, but the HUI is still under 175, Gold has resistance here, silver is still miles behind.
We’ve been seeing one day wonder’s forever. Follow thru would be a nice change of pace.
We’ll see what tomorrow brings. Days after Fed meeting rallies have not been kind to us.
Hope I’m wrong and this time is different…
Posted by ipso facto
@ 19:42 on March 21, 2018
… but today was good … right? 🙂
Posted by Buygold
@ 19:32 on March 21, 2018
It’s all about follow thru. We’ve had none for years.
This good day could all be erased by tomorrow.
Posted by Mr.Copper
@ 19:18 on March 21, 2018
The whole system is whacko. Very unstable. The manipulated man made fake economy is vulnerable until this country starts getting wealthy again. Its going to take a lot of years to get better. I don’t believe the fake “great economic news” in the media.
The system is in a “transition”. The experimental, 1913 to 2008 system ENDED in 2008. RIP. They are going hammers to hell stimulating during Trump, because the WHOLE eight years during Obama was too little too late, nickel and diming the natural reversal transition to restore the US consumer taxpayer middle class..
Look at the crazy whacko heating Oil charts.
https://finviz.com/futures_charts.ashx?t=ENERGY&p=d1
Similar thing with meats.
https://finviz.com/futures_charts.ashx?t=MEATS&p=d1
Posted by commish
@ 19:06 on March 21, 2018
Posted by ipso facto
@ 18:43 on March 21, 2018
because now we’re one rise closer to the rise that blows the house of cards economy into the pit.
Posted by Alex Valdor
@ 17:51 on March 21, 2018
Usually we in the PM sector are used to ‘stair step up, elevator down ‘.
Lately , I have been stair stepping down , followed by today when it was elevator up .
I won’t kid myself that this is a sea change , though .
But one day , we will be vindicated .
Posted by Ororeef
@ 17:45 on March 21, 2018
Furious at the reaction to reports he congratulated Russian President Vladimir Putin on his most recent electoral triumph during a hastily arranged Tuesday phone call, President Trump tweeted Wednesday afternoon (right in the middle of Fed Chairman Jerome Powell’s first post-meeting press conference) that the media is crazy for not lavishing him with praise for trying to repair the relationship between the two powers.
Trump also noted that “Obama called him also” and that “the Fake News Media is crazed because they wanted me to excoriate him. They are wrong! Getting along with Russia (and others) is a good thing not a bad thing…”
He added that “They can help us solve problems with North Korea, Syria, Ukraine, ISIS, Iran and even the coming Arms Race.”
Obama and Clinton “didn’t have the energy or chemistry” to get along with Putin, Trump added.
Posted by Ororeef
@ 17:29 on March 21, 2018
That is just about the Dumbest thing Iv ever heard of….We have to dumb down the economy so we can make it smart later…..that s what they are saying ..trying to control the US economy with interest rates ..It serves the FEDs purpose ,but nobody else ..thats why we have boom & BUST….end the FED until they stop this shit….”WE raise rates because we may have to lower them..”..what fucking morons.! Everything dosent evolve around the money changers UNLESS you let it…the greedy Bastards .!DO nothing ,GO home ! let market forces set rates a computer would at least be impartial ,instead of the Fed picking winners and losers.
The world was prosperious before 1913 when that egg head W.Wilson let the Banksters run the US economy with their interest rate scams that serve only the money changers.The whole fucking industrial revolution took place without the FED ..The whole STEEL,AUTO industry, the Railroads BOOMED without the FED….
They busted the economy in 2008 ,just like they did in 1933,only this time they bailed themselves out ,they didnt need to establish their Power grabbing banking business authority ..They didnt stop recessions like they claimed they could do in 1933 .They failed and all they did was make the DEBT 1000 times worse,so you cant fix a debt crisis with more debt….Raising rates make the next recession come faster and faster each time because the debt is Greater …..Its a mathematical certainty .! Stop raising rates,do nothing ! The DEBT is TOO high to raise rates…fucking morons! TAX the BANKS and pay down the DEBT.. Sell off Wells Fargo assets theyre crooks anyway, use the money to pay down the debt..everybody will be better off.
Posted by ipso facto
@ 17:12 on March 21, 2018
“I called President Putin of Russia to congratulate him on his election victory (in past, Obama called him also). The Fake News Media is crazed because they wanted me to excoriate him. They are wrong! Getting along with Russia (and others) is a good thing, not a bad thing…….”
https://www.zerohedge.com/news/2018-03-21/trump-obama-and-clinton-didnt-have-energy-or-chemistry-get-along-putin
If you post: “No Nuclear War” would Fecebook ban you?
Posted by ipso facto
@ 17:06 on March 21, 2018
Posted by ipso facto
@ 16:50 on March 21, 2018
That’s sad to hear and a train to nowhere. I much prefer the Scotland of my dreams or delusions.
Cheers
Posted by Ororeef
@ 16:18 on March 21, 2018
Posted by Maddog
@ 16:05 on March 21, 2018
Tdy was a good day for PM’s yet the scum have to sell it all off into the close, no way do they allow a Top tick close….they never rest.
Will tommorow be the start of taking it all back…unfortunately looking at their antics on the close, more than likely.
Still at least some v good action in PM’s and F***Book is on the way to the poor house.
Posted by treefrog
@ 15:31 on March 21, 2018
sadly, scotland is neck deep in nanny-state socialism.
i have relatives in southwest scotland (near castle douglas), and i visit occasionally. it is one of the most beautiful places on earth – especially in high summer. less happily it is hopelessly mired in collectivist hive-mind culture.
Posted by ipso facto
@ 15:07 on March 21, 2018
Posted by Maddog
@ 14:36 on March 21, 2018
No matter the chaos elsewhere the Gold 1 % seller is still there……and of course the SM buyer….
Posted by Mr.Copper
@ 14:18 on March 21, 2018
The Mr. Copper story. 🙂
Fed has been raising rates because they know economy is going to get weaker, and want to have some extra rate points to drop later as a headwind for the next recession.
Posted by ipso facto
@ 14:08 on March 21, 2018
Posted by ipso facto
@ 13:34 on March 21, 2018
“Laws such as this” Against deep fried Mars Bars?
I never knew Scotland was so screwed up. It’s a sad thing for the proud Scots. Sounds like a Lewis Carroll story co written by Cormac McCarthy.
PS You English are very generous. 🙂
Posted by Buygold
@ 13:27 on March 21, 2018
Just waiting for the slow drift back down to reality.
USD steadily picking up steam
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