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I would think so but ya never know how the rig will play it. I do know the funds always lose.

Things are heating up but I’m not sure if that’s in a good way…

Trade Wars are Bad, and Nobody Wins

Yesterday’s announcement by President Trump of imminent tariffs on steel and aluminum imports was taken poorly by global stock markets. Perhaps in an attempt to convince investors this was an incorrect response, early this morning he tweeted that “trade wars are good, and easy to win.” He is wrong, and beyond the simple fact of his wrongness, a trade war is probably more dangerous for investors at this time than at any other time in recent history given the implications it would have for inflation, monetary policy, and economic growth. The only positive from the tariffs is that it is a windfall profit increase for U.S. producers of steel and aluminum, which is at least positive for them. It is unlikely to cause any material increase in U.S. capacity to produce steel and aluminum and therefore unlikely to lead to many additional jobs even in those sectors. The negatives are much more significant. I believe these tariffs on their own will push inflation higher, and higher inflation is a threat to the valuations of more or less all financial assets today. But the greater threat is that this escalates into an actual trade war. A trade war would increase prices on a much broader array of goods and services, while simultaneously depressing aggregate global demand. This pushes us in the direction of not just inflation but stagflation, where both valuations and corporate cash flow would be under pressure. While there are scenarios that would be worse for financial markets—the proverbial asteroid on a collision path with Earth comes to mind—a trade war has the potential to be very bad for both the global economy and investor portfolios.

As I wrote about last December, a significant inflation problem might well be the worst thing that could happen to a balanced portfolio, leading to losses on the order of 40%. A global trade war would be exactly the kind of economic event that could foreseeably lead to losses of that magnitude.

Trade Wars are Bad

As a general rule, when you add “war” to your description of an event, it’s a pretty strong suggestion that it is unlikely to be either good or easy. Wars are sometimes well intentioned (the war on drugs), occasionally necessary (World War II), but seldom good and more or less never easy to win. Even if you do “win” easily, the longer term implications are often more problematic than you thought (the second Iraq War). There is still some time for this particular war to be averted. But while it is our general contention that equity markets tend to overreact to political and economic events, this is not one of those times.

https://www.zerohedge.com/news/2018-03-03/trump-threatens-europe-we-will-apply-retaliatory-tax-their-cars

Open interest way down and commercial short positions in silver are way down too …

Time for a silver rally?

http://snalaska.com/cot/current/charts/SI.png

Didn’t realize that the funds actually have more short positions than longs

63,023     64,531

Don’t think I’ve ever seen that before – an explosive rally in silver would wipe a lot of those guys out

Re: Evidently the agenda went too far. Did you hear Wilber Ross this AM? He said it was good to rebuild Europe and Japan after the war, but its still going on, they neglected to put a time limit on it. Now they are scrambling like crazy to build us back up zero to 60 in 5 seconds.

I truly feel sorry for most Americans. I read letters to the editor all the time. Zero intelligence, no incite, no common sense, nothing. They just repeat what they know or got from TPTB media.

That last paragraph sounds just like many career politicians. They’re probably getting stressed having to keep up payments on all the things they obtained getting paid to sell us out because that’s all they know.. cuz it never stopped. That’s why now. Trump has put a damper on their payouts. If he holds out for eight years maybe we’ll see them going bankrupt. Maybe they’ll have to sell off some of their loot. They Dems holding out for the midterms hoping they can get majority. Hope people are on their toes and get out and vote like they did during the Presidentsl elections or they’re gonna blow it for everyone.
Same goes in these other countries ” because” they got used to being on the dole. Now they expect it and worse in some cases, want it too for themselves.
Before Trump the only thing they knew was TPTB media for most part except independent media they don’t like.
FOR INSTANCE was watching Bloomberg this morning and heard one of the talking heads lying about Trump. It was about trade someone asked him a question about Teump and trade. He responded by saying he thinks he’s not sure what he’ll do. He made mention of the Daca then backed off. As we know it wasn’t Trump who backed off it was the Demos who backed off because they wouldn’t negotiate reform with it. Again they’re probably trying to hold on the next election but they never had any intention on helping them just use them for their platform. They could of Did it when Obama was in office. Anyways people watch that world wide and they’re lying to them.

In a bid to break the log jam, Afghan President Ghani has reached out to Taliban for ‘unconditional talks’ to end years of fighting, but the insurgent group is holding back for now

http://www.atimes.com/article/president-ghani-offers-unconditional-peace-talks-taliban/

Thanks Maya.

I guess my clandestine communications will have to go by the usual … pigeon. 🙂

Yup all tks to the Rig……How much longer can it support the whole world.

Then it crashed for three years back to 8,000. That 11,000 Dow high in 2000 coincided with Gold’s low under $300/oz. Gold averaged 17% APY 2001 until 2013.

So now that recent 26,000 Dow may be coinciding with Golds recent low price. However better yet, Gold bottomed in late 2015, and Dow was at 18,000, and the Dow probably should have dropped right then, but momentum and the Trump effect put the Dow in the graveyard in the sky above 18,000. There was two years of resistance at 18,000

That Dow might drop for three years again.

Gold: https://www.mrci.com/pdf/gc.pdf

Dow:  https://www.mrci.com/pdf/dji.pdf

Didn’t ya know – trade wars are good for stocks!

Bad for the dollar, but bad for pm’s and pm shares too!

Just gotta laugh

another comedy show for pm’s and shares

I guess after awhile ya just get numb to it.

Silver looks buyable, gold not so much

http://www.cftc.gov/dea/futures/deacmxlf.htm

Yeah, that does not surprise me.  I’ve heard ‘allegations’ before.  It is also known that the USG has set up ‘honeypot’ servers on the TOR network to attract and enable scanning of the traffic.

Some also think that the TOR network may be an advantageous ‘undercover’ way for some agencies to accomplish clandestine communications.

It’s not entirely secure, but it’s still better than the ‘open’ web.

They say the most pure American car is the Ford. Few weeks ago for a goof I strolled thru a big Kia showroom. Each window sticker stated the percent amount of parts in the model.

The best American cars imo were all the 1950s cars. Thick high quality steel, simple good running motors, very durable and not prone to rust. many still in use in Cuba.

As the 1960s progressed, US cars had to be “cheapened up” trying to compete with imports. You know, the bad drives out the good. If an imported car is twice as good, its supposed to cost twice as much. Not the same or less.

Its too late now anyway. The country is totally polluted with alien made things. many years ago on Gold Eagle some CIA guy reported to me, and agreed with me, that he knew for sure, the agenda way back was to equalize the worlds wealth, and the USA was the fat cat. To be shared for the worlds greater good.

Evidently the agenda went too far. Did you hear Wilber Ross this AM? He said it was good to rebuild Europe and Japan after the war, but its still going on, they neglected to put a time limit on it. Now they are scrambling like crazy to build us back up zero to 60 in 5 seconds.

I truly feel sorry for most Americans. I read letters to the editor all the time. Zero intelligence, no incite, no common sense, nothing. They just repeat what they know or got from TPTB media.

“Ochoa” I hadn’t heard a word of it?

I’m getting killed on Klondex too. I think they made about 3 bad moves in a row. Might be OK to buy now.

But your predictable.lol They just won’t tell you what car they drive.
Besides most American cars are no longer made in America and may have Mr Ford rolling over in his grave. We already had a discussion about that. But THEN before foreign made cars there were arguments on who made the best cars.

I haven’t seen much about it just 1 post that it happened.  I figured he might be  left behind because of the $$$$ that went north for production instead of el galo silver.

I hope MAC isn’t going after Klondex ………I’m already -50% from summer entry into kldx

Hey, nice to see you. Ya know what I was going to do to make people post? I was going bash all the people that drive imported cars, and helped ruin the US economy. After that? They sit down and start posting at me. 🙂

Seems not too mny are in tdy.

What’s fair’s fair! Lets just hope it doesn’t escalate into some kind of Tit for Tat disaster.

with tariffs imposed on our goods–but if we stand up and reciprocate, all the NWO vermin cry bloody murder.