I saw a response ( to some article ) over the weekend from a young German saying that although he earns about twice the income of many in that country , buying a home is well beyond his reach . There was a lot of anger evident in that message , so maybe the ‘Peons’ are waking up over there .
Morning Alex
Definitely not holding my breath because just when you think peace has a chance, someone decides to throw a wrench in the works.
Our farmers here in the US could sure contribute a lot toward feeding a good portion of the world.
Imagine a world with free energy…
Gold just decided to wake up. Gold up, USD up – I like it.
Buygold
“What would the world do if peace broke out?”
I won’t hold my breath waiting for that to happen , but that event would usher in global prosperity in real terms , in my opinion . Swords into plowshares …
Hunger might even disappear .
Captain Hook – Looks that way
I was looking at some old ‘guru stuff’ from 4 years ago . They were predicting the ‘breakout’ that we are STILL waiting for .
Ipso
Interesting that Iran is talking. I think ZH had an article about Israel and Iran having some direct discussions regarding Syria. It was brief and sort of hush hush.
What would the world do if peace broke out?
Doesn’t look like they’re going to be able to bring the SM back today. VIX starting to gain a little steam again.
Libyan factions agree to December 10 elections at Paris talks
PARIS (Reuters) – Rival Libyan factions agreed on Tuesday on a declaration that would create a political framework to pave the way for U.N.-backed elections in December to end the country’s seven-year-old conflict.
Maybe this bleeding sore will be healed … though I’m not holding my breath.
Iran willing to push for ceasefire in Yemen talks with European powers
ANKARA/PARIS (Reuters) – Iran and European powers have made good progress in talks to end the conflict in Yemen as Tehran has shown itself willing to push for a ceasefire and ease the humanitarian crisis there, according to officials on both sides.
Morning Maddog
“The only way all this ends is a total blow up, as they are out of control and only have one play book….but what will be left.”
Sure seems that way. Not certain what would cause a blow up, but I suppose if the scum wants to get rid of Trump and his Republicrat congress, they better get to work on some sort of economic meltdown pretty soon.
I see Soros is out on ZH saying an implosion is imminent, one he no doubt sought to create.
In scumworld there is no crisis in the EU.
SM launching here, already 12 S&P pts off Low…what me worry…g’ed outta here.
Morning Buygold
PM shares just reflecting that PM metals are not ‘allowed’ to rally.
Had to nip out for a while after Gold had struggled up to 1304 or so…came back and see they took it right back to 1292, in some kamikaze smash….these mkts are losing all semblance of reality, as the Rig panics….
The only way all this ends is a total blow up, as they are out of control and only have one play book….but what will be left.
Shares don’t look too bad
We’re only 12 minutes in but they seem pretty firm – all things considered.
Will be interesting to see if the money masters bring the SM positive today.
The Global Financial Central Planners or Manipulators Are Losing Control and Running Out Of Luck
This copper chart for one exposes it. $1/lb plus or minus .50 cents. They had Copper 50 cents to $1.50/lb from 1972 until 2004. Three things.
Between Y2K, the dot com bust, and 9/11/01, the bozos were thrown totally off stride. Most commodity charts look the same.
USD strength just too tough to overcome
commodities getting smashed
Makes me wonder if this next crisis will be deflationary
Captain Hook
Sooner or later reality will take hold. Probably during the next meltdown. I knew long ago globalization was a mistake, and its finally getting obvious with all the populous movements. Add to that, the merging of all those Europeon countries financial systems and into one Euro I knew was another bad idea long term. And here we are, in the long term. (note my misspelling of European is on purpose)
Alex Valdor
I think it will be a lot more interesting when idiot speculators / hedgers figure out precious metal ETF calls (on GLD, SLV, GDX, GDXJ, NUGT, JUNG, ETC) are not a hedge against ‘financial market chaos’ — but guaranteed fraud.
Perhaps they will get a good lesson in this respect in coming days.
Then precious metals will be able to rise once they stop their idiot gambling behaviors because they won’t be exploited by the bankers machines.
We can only hope.
Cheers
It will be interesting to see NYMEX response this morning
Globex , Hong Kong , and London were all open during the spike .
Will NYMEX bring out the Gold sledgehammer ?
This one DIDN’T make it !
… turned away from the roadway , then at the last second , wheeled around and ran straight into the path of my vehicle . Cost this little gal (175 lbs ?) her life , and $5000 damage to my vehicle . This was all less than a week after Hurricane Matthew came to town . A week I’d prefer not to re-live .
Maya – USGS chronology sounds like the eruptions are finally slowing down
Thank goodness for that , if true – or is it wishful thinking on my part , and just a temporary lull ?
In any case , thank you for your on the scene updates , and for providing the link to the USGS multimedia chronology .
Gold Train
Whew! BEARly made it!
http://railpictures.net/photo/658967/