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The bottom line is gold stocks are already recovering. Their recent forced capitulations were extreme anomalies that aren’t sustainable. Cascading stop-loss selling battered gold-stock prices to exceedingly-low levels that are fundamentally absurd. The gold miners’ stocks must be bid much higher to reflect their underlying earnings in today’s gold-price environment. That portends an inevitable mean-reversion rally.
And it should overshoot dramatically as gold itself powers much higher. Gold suffered extreme selling in recent months from gold-futures speculators and GLD investors. The former will soon be forced to cover their still-near-record gold-futures shorts, while the latter will buy as gold rebounds and the stock markets weaken.
$38000 per second: U.S. borrows more money every two seconds than the total annual income of most Americans
With the Treasury Department announcing that the U.S. borrowed over $1.2 trillion for fiscal 2018, and interesting extrapolation can be made in just how large that number is. Because if you break down Washington’s insatiable need for debt into increments of minutes and seconds, the U.S. government is now borrowing at a rate of $38,000 per second, or more than the total income for average Americans every two ticks.
The latest data from the US Treasury Department shows America’s gross national debt ballooned by $1.2 trillion to a breathtaking $21.52 trillion on September 28, the last day of fiscal year 2018.
To sum it up: trillion dollar deficits to infinity, unfunded liabilities to infinity, massive financial overleverage, grossly inflated bubbles in nearly everything, signs of stagflation growing, huge inflation in much of the general economy, trade wars, political mayhem, military tensions, and God knows what else. Why the hell wouldn’t gold and silver be anticipating what’s coming? Any wonder that silver, the cartel’s kryptonite, is so crucial for them to contain? If silver flies to the moon gold will follow. That one simple sentence is more important than all of the gold analysis ever churned out from the chartists, technicians, pundits, and MSM combined. It’s all a load of crap without understanding that one basic truth.
Very thorough examination by Mrs Collins of all information, sorting out step by step rumors, opinions, speculations and accusations by some, from facts. Strongly critized the leaker of Fords letter she wanted to remain private. Pertinent information of the constitutional work of Judge Kavanaugh.
He’s smart and he’s a tripper. So the mainstream public has a hard time understanding his reality. He’s done more for our country than anybody else I can even think of concerning innovation. Who else was going to defeat the f****** u.s. Automotive cult. I think it’s hilarious he’s constantly shafting people. So people can hate on him but he doesn’t care anyways. He’s probably accomplish more than Henry Ford has. And yeah he puffd a joint on video and now people are all upset about that. Grow some balls Americans
Good point. Hard to trust any info these days. And this naked shorting business … that’s just an incredible scam. A company has to get to the point of paying dividends to knock that down.
train pics, I thought I could help too. Hope this one is close enough to home for you to give you a cheer for the Thanksgiving weekend. Have a good one. Equiz. p.s. no need to watch all the way to the caboose clearing past Kamloops L.
Re Tesla float….I wonder if that means anything any longer, they sure don’t police the PM shorts, so one can have no idea of the real size of the short.
I bet most PM stox are 20/30/50 times the float short…someone sells all day every day.
Ipso – I didn’t know we had met and were friends. 🙁 Your buddy living under a bridge because of his bad decisions is like me, except I own a cardboard box. 🙂
R640 – resilience, that’s sort of what we have – barely. Shares look like crap, pm’s drifting lower with the SM. Hard to even say we are bottoming at this point. COT’s have meant nothing over the past month.
I’d like to see what pm’s look like when rates rise and the USD falls at the same time, unfortunately it might look the same.
weeks ago to the bullish seasonals, what u get is not a rally but merely resilience…yes, resilience is what we have seen for over a month…it’s a Fata Morgana…a mirage in the burning desert…it gives hope to gold bulls but only delivers pee pee stains in their undies…so far at least…certainly no repeat of Dec 2015 thru May 2016….where CDE went from 1.56 to over $15…
yet PM shares are weak…which is a sick joke, either they crash with the SM or they do what they should …explode….not just sit there slipping away as the scum offer over, all bids…grrrrrrrrr.
“You are anarchists in the realm of thought. And you are mad cosmos-makers. Each of you dwells in a cosmos of his own making, created out of his own fancies and desires. You do not know the real world in which you live, and your thinking has no place in the real world except in so far as it is phenomena of mental aberration.”
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