Re The Everything Bagel, er Bubble, Too many Dollars Chasing Too Few Investments
Not enough dollars chasing too many mass produced consumer products though.
Stocks Bonds and Housing look vulnerable. Note, a sudden big jump in Bond interest rates today. Down on the Bond chart means prices are UP on the rates.
https://finviz.com/futures_charts.ashx?t=BONDS&p=d1
Take a gander at Copper, Platinum, and the stand out Palladium. Can be bought with PALL
https://finviz.com/futures_charts.ashx?t=METALS&p=d1
Goldi @ 15:02
The problem that I have with Silver is simply that there are no Central Bank holdings that we know of. However, enough Silver has come from production, all these years, that the price has held at these lowly levels. We have been fed a major line of BS by the promoters that Silver was bound to explode in price for so, so many years. While the supply of both major metals may indeed be very tight there has been ample enough coming to market, to hold prices down at these disgusting levels. At this point in time I’m not sure that there is an honest? PM newsletter/analyst left standing.
Richard
Ted Butler probably helped get a lot of people in silver. I’m sure a lot who got in at 5 or so who sold phyzz at 50 or so as some were buying over spot did good if the sold but the charting was in it would stop there. Now I’m not a promoter because I posted I traded it for gold a week before it topped and then went back down while most of you guys were calling for 100. The next is in the mid 70 s or I think plus or minus don’t remember as now 6 years and don’t think I can go back and chart it at this craziness. Can’t say absolute if it will be that level or reach higher but something to watch once in the higher 60s esp once in 70s when ever that will be, in our lifetime.
Richard640
Re Donny T….amazing what a 1st class idiot can do ……though funnily enough I have never heard of a Billionaire, who was a 1st class idiot.
This is all because of my boy Donny T.
North Korean leader Kim Jong Un greeted South Korean President Moon Jae-in on his arrival in Pyongyang Tuesday for their third summit this year, as the two countries look to establish peace on the Korean Peninsula.
The two leaders smiled and hugged at the foot of Moon’s plane at Sunan International Airport, amid crowds of cheering North Koreans waiving flowers and national flags, including those symbolizing a unified Korean peninsula.
I’d stay miles away from these companies. JMO
South Africa imposes tough conditions on Sibanye-Lonmin deal
South Africa imposes tough conditions on Sibanye-Lonmin deal
Eldorado asks Greece about $877m in compensation for permit delays
Canada’s Eldorado Gold (TSX:ELD)(NYSE:EGO) long-dragged issues in Greece, where the miner has been trying to advance two major gold projects for years, are about to grow as the company is asking the government for €750 million (about $877m) in compensation for damages.
The Vancouver-based firm said its application for payment is a non-judicial request, which does not initiate legal proceedings. However, it makes a clear statement about the financial impacts for the company arising from delays in the issuance of permits for the Skouries project, including damages for out of pocket costs and loss of profits.
“The application represents a good-faith attempt to resolve the matter with the Greek State,” President and CEO George Burns said in a statement. “We hope that this matter can be resolved in an amicable manner without needing to go down the route of arbitration.”
cont. http://www.mining.com/eldorado-asks-greece-877-million-compensation-permit-delays/
Secret Service should get involved here. It’s a crime to threaten the President with death.
Maxine Waters Calls For Supporters To “Knock Off” Trump
https://www.zerohedge.com/news/2018-09-18/maxine-waters-calls-supporters-knock-trump
Nice hit for Excellon
Excellon drills 2,781 g/t silver equivalent over 15.1 metres at Platosa and provides production update
https://ceo.ca/@newswire/excellon-drills-2781-gt-silver-equivalent-over-151
Floridagold @ 9:39 re: Barrick
That’s OK with me! I’ll never own them … or forget their collusion with the banks to suppress the price of gold!
This is a good presentation-not the usual doom porn…
US investors into the Chinese market, only to get crushed again:
But what makes Chinese stocks interesting is not the collapse of one bubble and then the collapse of the subsequent recovery, but the longer view that is now taking on Japanese proportions.
The Nikkei 225 Index hit an all-time high on December 29, 1989, of 38,957 intraday, after having surged six-fold over the decade. This was part of a general asset-price bubble, including real estate, at a time when the idea was touted in the US that Japanese companies and banks, with their special and superior way of being run, would take over, or at least buy, the world.
Bubbles are great fun on the way up. But when they implode, which they always do, they have a way of doing long-term damage.
By comparison, the US stock market is now in its third bubble since the 1990s – and this one is more magnificent than the prior ones, and it’s not just stocks but most other asset classes, and there is the hope that this Everything Bubble will go on forever, just like there was that kind of hope in China in 2015 and 2007, and in Japan in 1989.
R640 re:ted
who knows, if he keeps at it long enough, one of these times, he might even be right.
Ted’s at it again…Har! Har!
Why The Next Silver Rally Will Be LIKE NEVER BEFORE–9-18–Ted Butler
Unlike previous rallies in silver prices, which were crushed as they ran up against JP Morgan’s position, recent data reveals that for the first time ever, JP Morgan has established an unprecedented position to benefit from a long rally in silver. Widely followed and trusted silver analyst Ted Butler of ButlerResearch.com visits Reluctant Rreppers for the first time, to declare that the next inflection point in dilver price momentum will be violently different from all previous silver rallies. As momentum investors pile on, this time unhindered by J.P. Morgan, silver prices will be capable of rising as never before seen in modern history.
https://www.silver-phoenix500.com/article/why-next-silver-rally-will-be-never
Re $1200 Gold
The system is in a new trend. Strange unusual distorted values and weird things going on. One of these days Gold will act strange and have a weird distorted value above $2000. If not the entire global economy will have a strange and unusual massive deflation. My wife’s father was making $300/week before the depression, after the crash $50/week.