Loading ...yeah, it topped…silver is now up 17 cent…I though it might causa the way crude shot up off its low yesterday.
Yikes! Nightmare Headline in the Local Rag
Kapernick still being considered as Seahawks backup QB.
Unbelievable!
Can anyplace afford this?
Finland’s basic income trial falls flat
The Finnish government has decided not to expand a limited trial in paying people a basic income, which has drawn much international interest.
Currently 2,000 unemployed Finns are receiving a flat monthly payment of €560 (£490; $685) as basic income.
“The eagerness of the government is evaporating. They rejected extra funding [for it],” said Olli Kangas, one of the experiment’s designers.
Some see basic income as a way to get unemployed people into temporary jobs.
The argument is that, if paid universally, basic income would provide a guaranteed safety net. That would help to address insecurities associated with the “gig” economy, where workers do not have staff contracts.
Supporters say basic income would boost mobility in the labour market as people would still have an income between jobs.
Air Wallet ……..another reason to stay away from bitcoin
just like a gold stock purse…..empty
“On Monday, Guri published a new paper that applies the same exfiltration techniques to “cold wallets,” which are not stored on devices connected to the Internet. The most effective techniques take only seconds to siphon a 256-bit Bitcoin key from a wallet running on an infected computer, even though the computer isn’t connected to any network. Guri said the possibility of stealing keys that protect millions or billions of dollars is likely to take the covert exfiltration techniques out of the nation-state hacking realm they currently inhabit and possibly bring them into the mainstream.”
Hmmm…the $ rallied to 90.850 over nite and is now 90.630 down .75 or .220 off its high
no big deal so far…but something to watch…
ZH=Dollar’s Surprise-Driven Rally Could Consume Itself: Macro View
By Garfield Reynolds, macro commentators and a Markets Live blogger for Bloomberg.
Dollar’s Surprise-Driven Rally Could Consume Itself: Macro View
The astonishing thing about the recent rally in the greenback is how surprised so many have been by its strength at a time when the U.S. economy has been an oasis of resilience amid a desert of dismal global data. But the U.S. currency could soon face headwinds as expectations elsewhere shift and its very strength could spark a reversal with many drivers for dollar weakness still very much in play.
The dollar’s rally makes a world of sense if you look at relative economic surprise data. 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.
The euro and the yen account for more than half of all FX transactions, so it’s no wonder the greenback has been so perky of late, rising about 1 percent against the former this month and over 2 percent against the latter. In addition, both heavyweights tend to drag along major satellite currencies with them — the British pound, Swiss franc and Scandies for the euro, a bag of Asian currencies led by the Korean won for the yen.
Volcano Rising
The Lava lake in Halemaumau crater is rising slowly. Today it overflowed the vent hole at the bottom of the crater and is plainly visible from the observatory overlook.
Copper, looks like I have to post a sullen version of your Chevy Van from Slammy Johns…
Toronto Motive? Maybe a chemically induced Russian on leave from Syria?
Bank of America
BAC has got the mother of all sell signals going. a close below $28.50 may signal a long decline.
rno
Floridagold
Gee…I wonder.
Time to load the boat again for the next options expiry right?
And not only do we have COMEX to play with, but there’s also all those ETF’s as well.
Surely this won’t happen again next month.
So load the boat, back up the truck, to the moon.
No…really…the bankers don’t have those computers programmed to exploit stupid electronic precious metal speculators…really… to the moon…load the boat.
Chuckle
Crimex
The problem is that they can still slam the price at every OpEx – which means we’ve gotten nowhere.
I guess it’s tradable, Farmboy seemed to be able to do it. I don’t know.
Just as easy to say “sell every two or three day rally.” I don’t know that either, but being long for more than five minutes sucks.
Could This Be More Evidence Of Reversal Of The Communist Influence Of The USA??
I just stumbled on a movie called “Trumbo”.
“In 1947, Dalton Trumbo (Academy Award Nominee Bryan Cranston) was Hollywood’s top screenwriter until he and other artists were jailed and blacklisted for their political beliefs. TRUMBO (directed by Jay Roach) recounts how Dalton used words and wit to win two Academy Awards and expose the absurdity and injustice of the blacklist, which entangled everyone from gossip columnist Hedda Hopper (Helen Mirren) to John Wayne, Kirk Douglas and Otto Preminger. .”
Comment:
At the beginning of the movie was a statement, something about after WW II and the alliance with USSR, and many Americans joining the Communist party in the USA.
Now, we all know about Hollywood, but why would TPTB’s movie industry come up with a new “message movie” NOW??? Are the shadow communists afraid of the future, losing power and want to re-play how they were “discriminated” against and won?
Or, do they or some other group, think the past was a mistake, siding with the global communists propaganda and it went too far and has to be reversed? Their past creation of globalization (socialism, global) and the resulting crash of the US economy in 2008?
And what about all the neurotic people the left has caused, and all these nut job mass killings going on??
So the question is….Why was a message movie like this created? To secure and maintain their past media influence? Or are the new master plans going to re-program peoples brains against the past.
Try to imagine an anti left, pro right, gun loving, patriotic, conservative right, movie industry. 🙂 And no more manipulation of Gold Silver and currency exchange rates.
Re: Naked Shorts – Posted by Maddog @ 12:36 on April 23, 2018
I am not so much worried about naked shorts on the metals, when I’m holding physical, as in the long run the true price will assert itself – assuming I live that long. ?
What concerns me is the mining shares. If these shorts are not covered, and sometime in the future we find that our favorite miner actually has far more shares than indicated, that would just kill the share price. ☹️
Ipso
True. They have done very well.
Buygold
It sure does…watching Aussie/Dlr here and it is not being allowed to counter react barely a pip for last 3 days….that’s some power.
These mkts need some friends…like Oil has, that is bouncing nicely, where as the PM’s, just straight down.
Maddog
you know this stuff better than I do. Whatever they do it works like a charm
Kentucky
Wow that sounds like some bad management!
I don’t know a lot about them but I’m impressed that they’ve made some profits lately … even working under the extreme disadvantages of their location. That’s quite a feat!
Cheers
ECB Capitulates On Defusing Eurozone’s “$1 Trillion Ticking Time Bomb”
Noises from the Buba graveyard suggest the spinning has gone well beyond Warp speed.
Ipso
Caledonia has the same coo as Great Basin had. He never owned a share of stock in any company he is involved. He used PVC pipe in the mine in South Africa it broke and flooded the mine. They spent almost a billion dollars and got nothing for it. He has done OK with Caledonia but the main guy on the ground is from Zimbabwe and has been in charge of the mine for many years. I own some stock but do not like the sound of expanding with dilution to existing shareholders with the current COO. Why would you invest with anyone who at the first opportunity sells his options, dilutes equity and shows no confidence in what he is doing? It scares the shit out of me.
Buying the government interest of 16% would make sense giving controlling interest to Caledonia while funding the current expansion out of existing cash flow. Every $100 increase in the price of gold brings 50 cents per share to the bottom line.
Buygold
We could argue this one back and forth for ages and until someone ‘opens’ the scums books, we will never know. Fwiw I am in the camp they never cover shorts, to any serious degree, as the selling is just so constant and large, there is no way they can cover back, without massive rallies.
Same as I do not believe JPM have a physical long position. Yes on odd occasions u could cause a waterfall decline and buy into it, to cover shorts or even go long. with minimal price impact…but that only works very rarely….if there are more buyers then sellers, then prices rise etc over the long run.
I also think they hide the monster short in London Forwards, as there is no published OI for them and Lines of Credit are how the margins work, so the Fed would have with say JPM, effectively unlimited credit. What we see on Crimex OI is just what they want to show us.