A buck eleven for the Euro …. Wow.

its like there all making BOTTOMS  again ,,getting ready to move up …

I guess that’s how they’ll try to keep the HUI down today if they’re going to do it.

We’ll see.

that indicates a BIG BOTTOM ,a throwing in the towel type of signal ..! for what ever thats worth..

Europe Is Dying On A Cross Of Gold

Gold is calling out the insanity of the global economy. But really it’s all about the euro at this point… And what’s important here is that this is not an anti-dollar trade. It is an anti-euro one

are we really going to bust above $16.50 and never look back?

I’m not used to such positive action…yikes

Yes, the old Huntington Beach stomping grounds. I haven’t been downtown in several years but they certainly revamped and built on every available square inch.

I’m guessing that fighting the crowds and looking and/or paying for the high price of parking down there was exhausting for you.

I don’t miss that lifestyle, it’s simply unsustainable. In fact, I think the whole state is pretty much unsustainable. I’m sure you seen the videos of homeless by Angel stadium in Orange County.

$16.50 in the rear view mirror.

–

$16.60…

DB is the defacto exemplar of the Western financial institution walking dead zombie state … and is a glimpse of the future for the rest the so called ‘pillars’.

Got Gold?

Looking good this am Billy Ray – USD and rates cooperating a little bit.

Metals have already recovered yesterday’s losses – whipsaw city for the shorts.

Deutsche Bank Tumbles As Trading Revenues Plummet

If one ever needed evidence that such a thing as bank karma exists, look no further than Deutsche Bank, which after manipulating and rigging every market it traded in, violating virtually every regulation and anti-money laundering rule in existence, and quietly witnessing the bizarre, unexplained suicide by more than one senior official, has been caught in a downward spiral of spectacular collapse which culminated recently with the biggest corporate restructuring and mass layoff announced by a major bank. And then there are the earnings.

On Wednesday, the bank that is set to layoff over 20% of its workforce, reported a dramatic decline in trading revenue resulting in a far bigger than expected €3.16 billion net loss, a far cry from the €361MM profit a year ago. While the revenue of €6.2 billion was in line with the preliminary release from July 7, the bank warned that 2019 group revenue would be lower than 2018, blaming lower interest rates on increasing pressure on revenue after trading slump deepened in the second quarter, adding urgency to Chief Executive Officer Christian Sewing’s overhaul plans.

Why A 100bps ECB Rate Cut Would Crush European Banks

were there to be a rate cut of 100bp (to -1.4%), four out of the 32 Euro banks we cover would be loss making (DBK, CBK, BMPS and BOP) and further four would be close to break-even (BAMI, EMII, UBI and BKIA), all else equal.

Huntington pier, this place is so built hardly any free space, even the swamp areas. There even building something on the beach.

The new attraction at Disney is Star Wars. Pretty cool at night. I hope the pics don’t come out side ways.

http://futures.tradingcharts.com/marketquotes/SI_.html

both got a nice pop at about 20:30 New York time – right after the Hong Kong market opened.  somebody in Asia’s buying…

silver jumped a dime, gold three bucks.

“Curiouser and curiouser,” said Alice…

Just yesterday morning…

Big Boy flies high above the Kettle River
in the Minnesota northwoods
https://railpictures.net/photo/704323/

“I have no real price objective for gold or silver, other than “higher”. Which is to say, the bet is that we’re witnessing a structural change taking place for the first time in years, in which precious metals outperform (general) equities… and trade much higher than where they are trading at present. May it be so!” — Carter Worth, Cornerstone Macro

Ouzo for all….

Robert Burgess?Verified account @BobOnMarkets 
It finally happened: Greece 10-year sovereign bond yields have dipped slightly below 10-year U.S. Treasury yields. They were lower by 0.006 percentage point this morning

Washington (CNN)President Donald Trump and bipartisan congressional leaders clinched a sweeping two-year budget agreement that would produce hundreds of billions in new spending and take the threat of a fiscal crisis off of Washington’s plate for more than two years.

Opinion: Who’s ready for decades of low or negative U.S. interest rates?

July 23, 2019 11:45 a.m. ET

The Federal Reserve believes low interest rates will solve America’s inequality problem

We used to worry about dovish Democrats taking over the Fed and cutting interest rates and bringing back the inflation of the ’70s. Now the Republicans are doing it! A Democratic administration would behave no differently. Sobering thought — we are in for decades of ultra-loose monetary policy.

For the fourth time in nine months, the International Monetary Fund has cut its global economic forecast.

Which was off the charts great. I think it was around 21 vs. estimates of 6 or even 3.

How the hell can they even calculate any of that stuff?

HUI looks decent but they are selling the small caps into the close. MUX leading the charge to the downside. Was hoping it wouldn’t break $1.85 but McEwen is their whipping boy.

This is a tough spot. We’re holding up well considering how strong the USD, Treasury rates and the Stock market are today.

Maybe R6 is onto something with the GDP coming out Friday?

The Fed desperately needs a weak data point so they can cut into it.

To me, it looks like the rest of the world is trying to destroy the US economy by inflating the USD. But what the hell do I know??

in days gone by they would have smashed it back already, now life is not so easy.

My guess is we have some serious buying going on and it could well be from China…the latest demo in Hong Kong turned very nasty…..rumours that ‘someone’ paid Triad thugs to beat up demonstrators.

If your Chinese. life under Xi ain’t looking too clever, a few ounces under the bed/in the garden, makes a lot of sense, with the future so bleak.

1 oz each = over 40 K tonnes, 4 Oz = 160 K …all the Gold that has ever been mined, according to James Turk.

making a little afternoon comeback.  some of the shares catching some updraft…

If it’s high it still does not raise incomes and tax receipts, or living standards. And if they include retail SALES of imports? Its even more stupidity. More sales higher GDP means more trade deficit.

As far as I’m concerned the REAL GDP has been negative since 1975. Negative growth in wages and living standards. Maybe GDP is simply reflecting global business to business profits. They have been avoiding US labor and US taxes since 1975 imo of course.