Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
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Loading ...I think the stock market will gap down Monday. I expect the foreign markets to be down significantly before the US opens. Trump announced higher tariffs after the close so unless he backtracks over the weekend, look for pm up and sm down on Monday.
rno
No joke from an Ex- Goldman guy IMHO, and no doubt enriching a CIA invented company like Facecrap and their front man Zuckerberg who probably can’t spell his own name,
They will IMHO, have to figure out how to either revalue or get rid of the pesky metal called gold which has been money for over 5000 years.
Gold soars 29.10 Ends week at 1526.60
1) Tiny tranquility candles above/ under a gap can hide volatility.
Full body candles cannot hide volatility.
2) Benoit Mandelbrot chaos prof : Volatility days are defined as days
with +/- 3% change.
They tend to cluster together. They appear in a downtrend and rallies.
THEY DON’T PREDICT TREND
They predict chaos and a major change.
3) Spx : after six month of tranquility, Aug 5th was a 3.8% day // Ndx was a 4.5% day.
4) US 10Y : Aug 1st & Aug 5th both were 5.9% days.
5) German : 10Y Aug 13 & 14 are very volatile days in vertical max.
6) Stay out of their way.
and suggest. a “black Moday” crash–I don’t thin it likely and don’t wish for it…
I had a $12K net gain today on my AUY calls…yawn…just. another day at. the office…
The New Yorker in 1961 on the war crimes trial of Adolph Eichmann, the Nazi operative responsible for organising the transportation of millions of Jews and others to various concentration camps in support of the Nazi’s Final Solution.
Arendt found Eichmann an ordinary, rather bland, bureaucrat, who in her words, was ‘neither perverted nor sadistic’, but ‘terrifyingly normal’. He acted without any motive other than to diligently advance his career in the Nazi bureaucracy. Eichmann was not an amoral monster, she concluded in her study of the case, Eichmann in Jerusalem: A Report on the Banality of Evil(1963). Instead, he performed evil deeds without evil intentions, a fact connected to his ‘thoughtlessness’, a disengagement from the reality of his evil acts. Eichmann ‘never realised what he was doing’ due to an ‘inability… to think from the standpoint of somebody else’. Lacking this particular cognitive ability, he ‘commit[ted] crimes under circumstances that made it well-nigh impossible for him to know or to feel that he [was] doing wrong’.
https://aeon.co/ideas/what-did-hannah-arendt-really-mean-by-the-banality-of-evil
Does it matter? or are they doing it for their mining clients? If so, I’d like to know which miners and make sure I don’t own any of them.
Saying Fed is already behind the curve. .25% cut won’t be enough, better do .50% or the SM gets crushed.
Siegel is nervous about the SM unless the Fed gets their shit together.
He is the biggest bull on the planet, if he’s nervous, this market is going a lot lower IMHO. PM’s a lot higher until the Fed cuts to zero.
That game of “scrabble/scramble” is really, really, good.
Thanks!
…gains pretty well. HUI easing back a little. day traders getting off of the bus ahead of the weekend??
treefrog -nice way to end the week eh? 🙂
ororeef – you mean she’s still alive? I’m sure there’s a lot of vested interest in seeing her make it past the 2020 elections.
…pulls a raid in the next few minutes, we will have a close at/near the high. a nice set-up for monday morning. 🙂
Supreme Court Justice Ruth Bader Ginsburg speaks with NPR in July.
Shuran Huang/NPR
Updated 2:37 p.m. ET
Justice Ruth Bader Ginsburg has just completed three weeks of radiation treatment at Memorial Sloan Kettering Cancer Center in New York, the U.S. Supreme Court disclosed Friday.
The radiation therapy, conducted on an outpatient basis, began Aug. 5, shortly after a localized cancerous tumor was discovered on Ginsburg’s pancreas. The treatment included the insertion of a stent in Ginsburg’s bile duct, according to a statement issued by the court.
HUI setting new highs for the move.
Dollar goes down to 85 ! real fast !
This is one of the cleverest
E-mails I’ve received in a while.
Someone out there
Must be “deadly” at Scrabble.
Wait till you see the last one!
It’s going to be hard to top because
It fits to a “T”
PRESBYTERIAN :
When you rearrange the letters:
BEST IN PRAYER
ASTRONOMER :
When you rearrange the letters:
MOON STARER
DESPERATION :
When you rearrange the letters:
A ROPE ENDS IT
THE EYES :
When you rearrange the letters:
THEY SEE
GEORGE BUSH:
When you rearrange the letters:
HE BUGS GORE
THE MORSE CODE :
When you rearrange the letters:
HERE COME DOTS
DORMITORY :
When you rearrange the letters:
DIRTY ROOM
SLOT MACHINES:
When you rearrange the letters:
CASH LOST IN ME
ELECTION RESULTS :
When you rearrange the letters:
LIES – LET’S RECOUNT
SNOOZE ALARMS :
When you rearrange the letters:
ALAS! NO MORE Z’S
A DECIMAL POINT :
When you rearrange the letters:
I’M A DOT IN PLACE
THE EARTHQUAKES :
When you rearrange the letters:
THAT QUEER SHAKE
ELEVEN PLUS TWO :
When you rearrange the letters:
TWELVE PLUS ONE
AND FINALLY….
FOR THE GRAND FINALE :
PRESIDENT BARACK OBAMA
When you rearrange the letters:
An Arab Backed Imposter
Bet your friends haven’t seen this one!
here come the calls for a recession.
Oil down 3% – Nice to have one of the few investments that is working for a change, other than bonds.
I guess Powell should have been a lot more dovish. Imagine if Trump somehow weakens the USD, no idea how he’d do it but…
there was. crash. talk all over Tee. Vee and the internet but Zilch this year…we can never be sure. but this “innocuous” looking down day could be initiating. such an event…and my long held contention that gold would not crash. with stocks is confirmed by todays. action…last year I put on out of the money. December puts on BAC [went to 6.60 in Oct. 2008] and WFC [went to 12.10. by Nov 1st. 2008]…and I may do that. this. year–just as an insurance policy…I hope we don’t crash cause I don’t want Lizzy. Warren as president
…looks like it may be coming back for the afternoon shift.
🙂
as a good bet against the stock market with a breakout last month from a “six year base”
Not a peep from the other traders…
Since you’re a chart guy, it looks like the HUI can get back to the 2016 highs of around 290 without much problem other than the relentless manipulation of NEM.
The shares are doing pretty well today but still underperforming the metals. They should be on the cusp of a serious explosion if the metals keep moving higher.
….got gold and silver back under control.
Wake me up when silver gets over $17.50.
We should have new highs already with what’s happening.
Trump is turning into a real nut-bar with this tariff crap.
Shades of Smoot Hawley.
Here comes the crash.
Chuckle
That would also cause some folks to exchange ‘safe haven US $’ for gold , dropping demand on petrodollars , which in a perverse way , makes US exports cheaper , making our President happier than Powell’s inaction does .
i can see how that would trigger a pop.
