Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
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Loading ...Lots of hooks, silver, the pm shares, etc.
The manipulators are working hard to keep people out of this market in the U.S. for sure.
You mentioned CDE back in 2016, I think silver was up around $18-19 back then too.
Maybe our hands should be sweaty today, they aren’t letting gold up above $1420
the ADP number was wrong and fridays will be 140K to 170K which is no great shakes but would serve as a pretext to smash gold….I gotta learn–still– not to micro-manage my. trade….lol…but silver is a worry…but it is also one of the many “hooks” that have kept traders out of this move…not much movement in the dollar or t-notes…yesterday morning held no clue of how the. day and evening would unfold…so. we’ll do another 10 point inspection around 4pm…
No need for sweaty palms today methinks.
Now the talk is going to shift that the Fed SHOULD cut 50 bps in July and if they don’t it will disappoint the SM – JMHO
Mark Zandi – the super bull said that the Fed might already be behind the curve and the unemployment rate probably will rise from 3.6 to 3.7%
If the scum weren’t sitting on the price with those long positions they bought we’d be up easily $20-$30 bucks.
regime come back where gold either goes down or doesn’t respond to all news
on FOX news==ADP result could boost chances of a july rate cut
OK…the dice have rolled…now we’ll see…
ADP – 102K weak, weak, weak
Banksters were setting themselves up so they could cover some shorts in gold.
We should see a weaker USD and rates and stronger pm’s but you all know how that goes….
a weak ADP number…then a pop in. gold…used. to. get easily. reversed…we’llget our test soon
144K jobs expected
number=102K–on the low side–a disappointment
The specs are all long out the kazoo so you won’t see any short covering there.
If PM’s continue higher it will be as a result of speculative buying.
$1385 is the number to watch on the downside. If breached the specs will puke their positions.
Cheers
doesn’t seem like the bond market is worry about a big jobs report, seems like it’s worried about something else.
Could be a wild ride for us today.
in front of the ADT Report
either those numbers have been leaked and are stronger than expected or we’ll see another bout of short covering after release.
Looks like London or someone got the gold market under control in the overnights but still not enough to reverse the move higher so that’s a little surprising to me.
Would surely think these shares are going to wake up in a big way at some point, just don’t know what that point is. In 2016 HUI got up near 300 with gold $70 lower.
One other thing, is gold a once in a 20 year market? 1980, 2000, 2020?
In 2015 gold was about 1085—it went to about 1353 in june 2016—but pm stocks and etfs had a huge rally…with this rally it seems like pm stocks are lagging badly—one example is my CDE that went from 1.56 to over $15-now it has gone from 2.80 to 4.40…PM stocks need to get going…
that DUST is getting very cheap and weekly calls are reasonable…I doubt I’d used them but will be taking a look
At 9:15 we have the ADP report which could be a mkt mover…but I don’t thinl jobs or trade are the main drivers of gold currently…I think it. has to do with zero bound rates, permanent yearly U.S. trillion buck deficits and, generally, the WORLD-WIDE DEBT BOMB in all its categories–in other words, it’s finally RECOGNITION TIME…
BOOYAH!!
The Lowest Since 2008
Peter Boockvar: “Bloomberg news posted a story that said “ECB policy makers aren’t yet read to rush into additional monetary stimulus at this month’s meeting, preferring instead to wait for more data on the economy, according to euro area central bank officials familiar with the matter.” This is not much of a surprise as the market was expecting a move in September instead and why the euro is barely higher. Not that any of this matters because to think that moving the deposit rate from -.40% to -.50% is somehow going to have any benefits is bizarre and it instead will further hurt the banks. This comes a day after the Euro area May unemployment rate fell to 7.5% from 7.6%, the lowest since April 2008 and just two tenths away from matching the pre crisis low.”
The Fallout Will Be Catastrophic
Peter Schiff: “The current economic “expansion,” now the longest on record, is merely an illusion created by the monetary magicians at the Fed. Behind the smoke and mirrors lies the greatest bubble in U.S. history. When it bursts the economic & political fallout will be equally catastrophic.”…
Call me cautious but be careful as it heads to the next target. It will be a cross roads target. It it can hold and go to 1700 next or will fall back down rinse and repeat.
