Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...Well … Happy Birthday to your Mother … and have fun in Belize! 🙂
PS I hope I get to 99!
Stock market is tanking and KC wheat puts in outside key reversal up against bearish fundamentals.
Ipso, my mother’s 99th birthday is Friday and I will be going to Belize sometime after that. Maybe in the middle of May.
rno
Sounds like it touched 3% and they are using that as an excuse for the drop today. Last summer the week of July 4th 2016 the rate was 1.4%. Now its double near 3%.
There was absolutely no reason for the Bond rate to go up until Trump started campaigning. With all that optimistic news. And or the Fed manually drove it up so as to have some “rate ammo” to drop in the next recession. The falling Dow may be predicting that recession.
I don’t care what they say. I don’t believe anything they say. The so called bull market and economic recovery from 2009 has finally ended imo in mid 2016, then suddenly Trump an company in panic mode, cheerleading, kicked in the after burner, and gave it more spin or humph to late January.
The party is over. My guess is a recession soon and another real estate dive.
Yup Jan was when the mkt stumbled badly alright, what I see now is the leaders being taken apart again, but so far a lot of the money has stayed in the mkt, hence no really big sustained falls.
But tdy is a bit more ominous, as I don’t see where the money is going, as most stocks are down. but Bonds are not seeing inflows, quite the reverse…PM stox maybe some….but they are being sat on as usual…for the moment.
Facebook Shares Sink On Report Cyber Criminals Are Hawking Stolen Identities On Its Platform
https://www.zerohedge.com/news/2018-04-24/cybercriminals-are-using-facebook-hawk-stolen-identities
Re Silver
It could be diff between the Crimex close and Spot close making the diff…I think there is 5 1/2 hrs diff in time, depending when the spot rates is taken.
I’m not surprised though. That big hit in late Jan to me was a vary bad signal. We’ve seen that same type of action on gold mining stocks on highs. Remember? They used to say up like a stairway and down like the elevator. Its THEIR turn now.
[what a pompous ass!]
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Unfortunately you’re right. At least the Seahawks and the socialist Seattle politicians are separate entities.
Say it ain’t so Pete! 
I was just about to comment that the SM sure has a weak side to it now….E-wave says we are nearing the end of the run from the 2009 Lo’s and the action is starting to confirm that.
Plus the Rig is blowing a few gaskets tdy, sure the Dollar is bid and PM’s quite…but Bonds (rates) are way up/futures down, that should not be happening in scumworld.
but pm’s are well under control
Personally I think Kapernick is a Seattle kind of guy. Probably fit in well with the team and the public.?
Hey redneck how’s your Belize ventures going. You been visiting down there lately?
Up 50+ earlier and now fading into the minus. Entire stock market looking some kind of bad.
rno
Dow down 400
Canada’s Centerra Gold (TSX:CG) has rejected an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (LON:CGH), received last month, but which the London-listed miner made public on Tuesday.
Responding to media speculation, Chaarat confirmed its offer to Centerra to buy Kyrgyzstan’s largest gold mine, and though it did not disclosed the sum, said the deal would also involve Kyrgyz state firm Kyrgyzaltyn.
The miner, which is developing the Chaarat project in Kyrgyzstan, wanted to grab Kumtor as part of a deal that would have given it ownership of the mine common equity, as well as management and operation of the mine. The Central Asian nation, in turn, would have owned the preferred equity and be entitled to 50% of the economic benefits of the gold mine.
cont. http://www.mining.com/centerra-rejects-unsolicited-offer-kumtor-gold-mine-kyrgyzstan/
https://finance.yahoo.com/quote/CAT?p=CAT
The greater question for precious metals enthusiasts revolves around the possibility of the metals being sucked downward into a liquidity squeeze as in 2008 to which I respond ”not a chance”. In 2008, gold mining stocks and silver and gold bullion were over-owned and overbought after a five-year vertical ascent. The hedge funds had levered up on gold and silver with massive net long positions that had to be reversed once the subprime bubble was pricked. Here in 2018, as seen in the recent COT report, the Large Speculators in silver are actually net short which is an historical anomaly and the first ever of its occurrence. Gold at 163,000 net longs held by the same is a relative modest number when matched off against the 185,000 Commercial short position. In 2008 at or near the peak, those number were north of 300,000. I therefore am going to assume that an equity market drawdown will not impact gold to any great degree and interestingly, I think it might actually cause a spike in silver as the offsetting trade that will reduce exposure for the Large Specs will be net purchases of silver (to remove their shorts). (Forgive the pun.)
would be those who could reconcile Israel and Iran.
Hi Rich, re part:
“While U.S. figures have continued to exceed expectations since the end of February, those for Europe and Japan have crashed to multi-year lows.”
Easily explained. The dollar has been dropping for over a year, that helps us and hurts them. So maybe the pain is getting too extreme, for them, and they are raising the Dollar to lower the Euro?
The cheaper currency is the punch bowl for countries.