Posted by Ororeef
@ 11:22 on July 9, 2019
Twenty-five years before President Donald Trump took office promising to roll back trade deals, H. Ross Perot told a national audience that the “giant sucking sound” voters heard was American jobs flowing to Mexico.
Perot, who died on July 9, at 89 after a 5-month battle with leukemia, was a billionaire businessman who sprang to fame as an independent presidential candidate in 1992, when he won 19% of the popular vote. That still stands as the best showing for a third-party candidate since Teddy Roosevelt in 1912. Perot launched his campaign on Feb. 29, 1992, when he told CNN interviewer Larry King that he’d run for president if supporters got him on the ballot in all 50 states. They did.
Perot used charts, graphs and 30-minute infomercials to expound on his two pet topics: opposition to the North American Free Trade Agreement, which was about to go into effect, and the national debt, which was mushrooming even back then. “The debt is like a crazy aunt we keep down in the basement,” Perot said during the campaign. “All the neighbors know she’s there, but nobody wants to talk about her.” He spent $72 million of his own money – $129 million today — financing his campaign, and his bluntness, Texas twang and folksy weirdness won him a cult following. Dana Carvey portrayed him on “Saturday Night Live.”
Posted by dbbaba2
@ 11:22 on July 9, 2019
Posted by Buygold
@ 11:14 on July 9, 2019
I remember he said during his campaign that NAFTA would destroy our manufacturing base and we’d hear a “giant sucking sound” which would be US jobs.
I also remember hearing that the Bush family and their connects to the alphabet agencies – namely the CIA made threats to him and his family prior to the election.
He was a patriot and not one of the reptiles that were currently running our government. I’m old and fear for my kids and their kids.
What kind of country will we have left them?
Posted by Richard640
@ 11:07 on July 9, 2019
HUH-!!
YI-PEEEEEEEEEEEEEE-!
Posted by Alex Valdor
@ 10:59 on July 9, 2019
Fought leukemia for 5 months .
Posted by Richard640
@ 10:59 on July 9, 2019
Posted by Buygold
@ 10:35 on July 9, 2019
The shares are still holding up pretty well, in the recent past we’d see the shares crushed on “no moves” like this in G & S.
Agree with you though about “no movement”! Seriously, it is amazing how they can keep these metals locked down within pennies for hours on end. Nothing else really like it in any market. They’ve been doing this for years though and it’s nothing new. Whether it’s computer programs or algo’s, I don’t know, but it’s definitely auto-pilot of some sort.
GLD has been held within a $.20 range for over an hour now. SLV within a $.05 range. Simply amazing.
Posted by Alex Valdor
@ 10:30 on July 9, 2019
Back in the 60’s , while in college , I had an idea for crowd control using beamed sound and actually developed a ‘speaker’ that could focus sound within a small circle of a couple of feet in diameter at a distance of about 200 feet .
At the time , the military in (France ?) had determined that sub-audible sound between 5 and 10 Hz could create nausea in humans . It is quite possible that the intense low frequency rumblings of an earthquake is lethal to bees ( and other insects too , in that case ). I believe I read somewhere that dogs can somehow sense an impending earthquake and become agitated .
Posted by Richard640
@ 10:12 on July 9, 2019
Have they cooled on gold. already?
Buy-gold==agreed on DB–also didn’t they create a “bad Bank” and park all the garbage there? How the hell do they do that?
Posted by Richard640
@ 10:04 on July 9, 2019
it is very disconcerting to see G&S back to the pre-rally type of trading where. gold and silver get locked into tight ranges….yesterday silver spent 2 or 3 hours moving one cent up…then down…yes, at least this is all happeneing at. a new high level…but this type of trading could be a precursor to moving back down thru the supprt levels to under 1300 again…
yesterday. was an extremely. negative day….not in the amount of the loss but in the pattern as the day unfolded…in the afternoon, gold manged to go green by 90 cents and looked like it was on its way to a positive close…that lasted all of about a minute before gold was pushed down to a 6 dollar loss…that is an example of pre-rally trading—I am on guard…
Sunday nite gold opened down and by morning was up 8 bucks—that is the type of very. bullish action one would expect to see—gold should have been good to go for the day…but no…it was all reversed and THAT. was extremely bearish…p.s.—silver has been unchanged since I started watching at. 9:30—hasn’t traded a penny above or below—how is that possible?
Posted by Buygold
@ 9:58 on July 9, 2019
Looks like I had my days squirrelled up with Powell speaking tomorrow. Thought it was today. I guess to be optimistic, they want to hit the pm’s prior to his speech, but my optimism tends to have fantasy overtones. 🙁
Silver isn’t all that “resilient” today as noted. Really tough to fight a stronger USD and rising rates. Rising rates are puzzling with the SM down a little but at least they are working against the SM as they should??
JMHO but I don’t see DB being a “world shaking event” just because it’s been so telegraphed and they’ve had a plan, even though it’s probably a joke. The difference is that Lehman was a surprise – DB is not.
Anyhoo, I’m hoping our rally decides to take hold again but no doubt we’re looking sort of like we did before we had that spate of volatility you mentioned earlier.
Posted by ipso facto
@ 9:46 on July 9, 2019
Posted by ipso facto
@ 9:40 on July 9, 2019
(Bees dying from earthquake)
That IS a strange thing. I can’t think of why the earth shaking would kill bees? I’ve never heard of this before.
Posted by ipso facto
@ 9:32 on July 9, 2019
Swiped from IKN.
Posted by Captain Hook
@ 8:07 on July 9, 2019
It would be nice to get past the Kabuki Theater tomorrow without Powell uttering what the algos interpret as ‘hawkish’ and then proceed to trash the metals.
And then in a another rinse repeat exercise, magically they will trot out some other Fed governor waxing dovish to save stocks and trigger a short squeeze, leaving the metals to enjoy the ride down with no shorts to exploit.
This is a perfect set-up for those assholes to do it again tomorrow.
Silver is just hanging on to $15 by its finger nails.
Hope I’m wrong.
Cheers
Posted by Richard640
@ 8:06 on July 9, 2019
Does silvers resilience lately augur** anything bullish for gold…or could it merely. be a. “hook” to keep bulls in the gume?
*************************************************************
**1 : an official diviner of ancient Rome. 2 : one held to foretell events by omens. augur. verb. augured; auguring; augurs.
Posted by Richard640
@ 7:50 on July 9, 2019
might. even get gold moving up again…but people have thought it would collapse for years and it hasn’t…but that doesn’t mean it won’t, either.
Posted by Richard640
@ 7:44 on July 9, 2019
Posted by Captain Hook
@ 7:43 on July 9, 2019
I don’t know about that but at least they are finally starting to feel the pain we have had to endure.
https://www.zerohedge.com/news/2019-07-09/scene-outside-deutsche-bank-offices-evokes-lehman-collapse
Let’s hope there’s much more to come up the food chain.
Cheers
Posted by Richard640
@ 7:42 on July 9, 2019
This week, Federal Reserve Chairman Jerome Powell will be delivering his semi-annual Monetary Policy Report to Congress on Wednesday and Thursday, and the Federal Open Market Committee (FOMC) will also release its June meeting minutes on Wednesday.
Powell’s testimony will carry extra weight and will be even more closely watched, as market watchers look for clues on the central bank’s monetary policy path going forward. In addition, the Fed’s meeting minutes will provide insight into the views of FOMC members.
Some economists now argue that a rate cut is off of the table in July.
The fed fund futures are currently implying no chance of a 50 basis point cut in July, though a 25 basis point cut is still being priced in.
Posted by Richard640
@ 7:39 on July 9, 2019
THE NUMBER WAS A FUGAZY-!!——–[Donny Brasco]
[Fake, false. … “That’s a fugazi” (About a jewel, from “Donnie Brasco”) … A word that means ‘fake‘ in Italian slang]
David. Rosenberg
‘ll share a well kept secret. The aggregate-hours worked index for all of Q2 slowed to a mere 0.6% SAAR from 1.8% in Q1. This is the weakest quarter since…Q4 of 2009!
Posted by Buygold
@ 7:39 on July 9, 2019
Market is betting neutral talk at best – dovish, not so much.
USD and rates are a bit stronger, tough for us to rally into this unless the market is wrong.
Fed meeting not until July 30-31st – long ways away.
Posted by Richard640
@ 7:31 on July 9, 2019
Posted by Maya
@ 2:23 on July 9, 2019
The Milwaukee Road lives… in Minneapolis
https://railpictures.net/photo/700887/
Posted by goldielocks
@ 1:02 on July 9, 2019
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