Loading ...Don’t forget Lil Abner … Classics all! 🙂
Who’s got a fork? If this crisis takes down Erdogan I’m OK with it.
Why Turkey Is Doomed In Two Charts
https://www.zerohedge.com/news/2018-08-10/why-turkey-doomed-two-charts
IPSO – hadn’t seen that one , so thanks !
Lisa and Ramirez are two of my current favorites – they really get it .
One from my youth was Al Capp , and the ‘Dogpatch Ham’ – the ham that grew back every bite taken from it . A play on the never ending welfare game , and Colonel Jubillation T.Cornpone leading from the back of the troops … into defeat .
Richard640
Is that a Golden Oasis on the horizon or just a mirage? Certainly hoping for the former! I don’t think I could handle another 7 down years.
What was that in the bible about 7 “lean” years …
R640
I knew you were tongue in cheek, but didn’t realize you were comparing yourself to “wrong way Polny”
One thing helping the metals a bit I think is that money is pouring into bonds –Â 10 yr. down to 2.88%.
I think you’ll have a win on those calls.
Yesterday PAAS was my winner
Today it is PVG .
Something is turning , I hope .
Buygold–Whoa, stop the presses! Gold up and holding 2.50
[Buygold–my previous post was done kinda tongue in cheek–a la Bo Poiny–I figured if he can make a lunatic call, why can’t I? But the gold action so far will definitely surprise and fool the majority–and fiction may become fact-finally, will there be contagion with Turkey getting the ball rolling like the assassinition of Duke Ferdinand started WW-One did?]
9:38 am–I hate chasing a trade–and I have no way of knowing where this is going…maybe gold will be down $20 this PM…but golds’ performance, as I write, is historic and amazing–up 2.60 with the $ UP .800-I must be in…sauve qui peut
Filled–Buy to Open–100JNUG Aug 17 2018 12.0 Cal—lLimit–0.12–
I expect Sunday nite Monday morn to be wild!
winedoc @ 6:04
Only the hard core left now.
Happy Trails!
macroman3 @ 0:15
If you wanted Netanyahu on the list you should have suggested him. I asked for candidates several times.
Not sure what not voting in the poll has to do with being a Libertarian?
R640
Well, if gold has an up Monday it will be the first time in many moons.
I don’t expect gold to print green today either, even it hangs around here all day, they’ll make sure it goes red in the last hour.
Can you imagine a 1000 pt. down day in the DOW?
It would probably take them a couple hours to bring it all the way back. 🙂
Buygold-u r right–it’s amazing that gold is so resilient…but I doubt that it will print green today and hold a gain BUTT!
COME SUNDAY NIGHT, the $ will be down and gold up–Monday will be a big UP day for gold as the DOW plunges 1000 pts in the 1st hour of trading…another idea or “hook” is that gold will initially crash with stocks if another 2008 crash occurs.
R640
USD definitely soaring again. I still don’t believe gold and the USD can go up together but it is surprising that gold isn’t getting crushed here.
Silver…well it’s silver
The “hook” to keep gold bulls out of the market=”gold can’t go up if the $ is going up”
gold up 1.10–8 bucks off its low and the $ UP .553
Turkey troubles=But what about gold?…”as the DXY spiked to YTD highs amid a broad flight to safety with the USD bid seen across all pairs. The scramble for safety”
Commenting on the statement, Bloomberg macro analyst Stephen Kirkland said that it signals he’s sticking to a nationalist message and is uninclined to deliver the hard measures Turkish assets need, which according to some analysts such as ADM’s Marc Ostwald include a 500 bps rate hike and an IMF bailout. As a result, option markets are now pricing in a one-in-five chance of USD/TRY reaching 7 per dollar in a month, from about 1% probability yesterday.
For the Turkey watchers, here is today’s key sequence of events, all times London:
- 12.00BST: President Erdogan to speak
- 12.30BST: Finance Minister Albayrak announces new economic model
- 14.30BST: President Erdogan to speak again
And as fears of contagion mounted, the EURUSD tumbled to the lowest level in a year, running stops as it broke below the barrier level of 1.15…
… as the DXY spiked to YTD highs amid a broad flight to safety with the USD bid seen across all pairs. The scramble for safety meant that both USTs and bunds rallied however in a more contained manner and the 10Y bund yields were lower by ~3.5bps.
Coffee Time
Gather Round, Â those that still hang out here
Morning Friends
Winedoc
ipso, sorry don’t vote as a Libertarian, however, had you put Netanyahu on the ballot, possibly….
The trash you put on there was third string, except for the second string clintons. Most of them were minions doing the devil’s duty. Perhaps a dead and alive version of the socio/physcho- paths encouraging Humanity’s Paradox?
Russian Gold Train
500 miles north of Moscow, in the middle of nowhere,
this is your connection to the outside world.
http://www.railpictures.net/photo/666803/
redneckokie1 @ 18:09
Yeah, it has a shutoff valve, and I normally do that. But I picked this up (well used) at a swap meet some months ago. It test ran OK for quite some time back then, and the generator electrical was in good shape, so I picked it up cheap and put it in the shed with the best intentions for ‘later’.  So when the hurricane comes, I think about testing out the genny and it dies.  Inspected the gas and it was cloudy! So the gas line got disconnected and tank drained and flushed with new gas to get the crap out. It was ugly. And it will start and fire with the first pull, then dies of starvation again.  So I will let the dealer service take care of it.
So what do you do with dirty gas? I find it makes a great weed killer along the jungle fence line. 🙂