Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
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Loading ...and see where it. goes…there’s no expiration…I think GUSH double bottomed yesterday-I bought some calls on it a month ago when it was 5.50…There. is real scope with this
Todays. rally looks. weakish…with the bond bid. getting stronger, I think stocks could reverse…we shall see…silver’s now up 13 and the HUI is green=+.61
GUSH’s 4th split took place on May 01, 2017. This was a 2 for 1 split, meaning for each share of GUSH owned pre-split, the shareholder now owned 2 shares. For example, a 50 share position pre-split, became a 100 share position following the split.
Totally agree, no doubt a forced bounce but the bond market doesn’t buy it.
Did you sell your GUSH yet or are you looking for a little bigger bounce? You might get it as oil is pretty strong – a move to $4 before the split?
Santelli was just on CNBS discussing Dudley and his “implying” that the Fed should use monetary policy to remove Trump, i.e. cause a recession. These guys are all so corrupt it makes me want to puke. The problem for Dudley/Powell is that the Bond market has now taken control of Fed policy.
Good to see some of the large cap pm shares follow the SM higher – i.e. NEM, GOLD
nor is the. DAX, which. is still red to the tune of -33 pts…unless there’s a big turn in stocks, it looks like gold will be red all day…so much for my. 50 buck up day…
It’s last split was in 2017…in 2018 it was. $41…stocks and etfs for the energy sector have fully. discounted and more the end of the world for their sector…time at. least. for an o.s. bounce
That’s a lot of GUSH. Someone might call you a gusher! 🙂
Good luck with that, it has to bounce at some point right?
Haven’t turned rates just yet but they are definitely working on it.
A few months ago gold would’ve been hit for $20 on a day like today. Now gold fights back.
No clue why the SM turned, was it Trump’s happy talk on the trade talks with China?
Amazing that anyone other than algo’s would believe a single headline on China.
Filled Buy 18800 GUSH Limit 2.79 — — 14:40:44 08/27/19
As stocks tumbled into the red, Trump tweeted how well things are going with China…“So interesting to read and see all of the free and interesting advice I am getting on China, from people who have tried to handle it before and failed miserably – In fact, they got taken to the cleaners. We are doing very well with China. This has never happened to them before!”But the market is no longer buying it…
Mortgage Defaults Rise First Time Since Financial Crisis
https://www.zerohedge.com/news/2019-08-27/mortgage-defaults-rise-first-time-financial-crisis
first rattle out of the box, hui up two bucks/one percent.
Precious metals hedging: Just say no
Your humble scribe enjoyed an interesting conversation on the subject of hedging yesterday, on the back of this news out of Argonaut Gold (AR.to) yesterday:
TORONTO , Aug. 26, 2019 /CNW/ – Argonaut Gold Inc. (the “Company”, “Argonaut” or “Argonaut Gold”) (AR.TO) announces the Company has entered into a series of zero-cost collar option contracts, which were approved by the Board of Directors. The contracts cover a total of 145,500 ounces of gold through mid-2022. The floor price of the monthly gold collars has been set at $1,450 /oz with the ceiling price of the collars ranging from $1,630 /oz in the fourth quarter (“Q4”) of 2019 to $1,760 /oz for the first half (“H1”) of 2022.
It continues, with a head honcho who doth protest too much methinks as Prez/CEO Dougherty informed us of the corporate strategy and philosophy behind the decision to put on those “costless” collars (in speech marks because as we have noted previously, they are far from that) and bizarrely trying to compare the hedge with the whole of AR.to’s resource base. The bottom line is that AR.to has hedged between 35% and 40% of its expected 2020 and 2021 production, plus a couple of smaller hedges in 4q19 and 1h22, at a baseline price of U$1,450/oz with the top end of the costless collars between 1630 and 1760 (prices their CFO hopes will not get broken during the hedge program). They’ve done this to ensure getting at least U$1,450/oz for their gold ounces and in that way guarantee its old and high cash cost mine El Castillo remains profitable.
may have been the 1st shot over the. bow…
D.E.W. from space? Paradise fire? Santa Rosa Fire? To name a couple! What do you think?
But they are. a. force. to. be reckoned. with…I. think they are unaware or ignoring the fact that a cosmic-like “black. hole”. of. unpayable. debt. and its deflation. is sucking in all wealth into. a singularity…it may. be too late to escape this fatal attraction…so we can expext more of the same failed policies of lower rates and money printing….scientists have not discovered what’s on. the. other side. of. black holes [in space]….but hyper-inflation is on. the. other side. of this financial black hole…
9:32–Oopsy-daisey…the. DOW just opened down a c-note…sauve qui peut!
Thanks for filling in. MM is AWOL or on vacation I’m not sure which.
If the upside is the opposite of the downside then we are going to be a bunch of happy campers!
“East Raton” Great place name. I live in East Mouse LOL.
I hear you. Wake us up when we get to $50 and $2K gold.
Just been beaten down for so long, if feels good to see us have a string of days not getting the crap kicked out of us.
Hell, they just came in and took away our buck gain in gold at the Crimex open.
Oh ya silver’s up a few pennies, and gold is up a whole buck.
What the hell am I going to do with all that money?
Chuckle
Yeah, the dollar is becoming irrelevant these days, rates dictate action in pm’s.
As you say, silver is a beast.
spaceplane is doing? I’d love to hear what people think.
Silver is just on a rip the last few days, about darn time
Did you see the bankers had their agents at the CME hike margin rates on silver 15% yesterday? This with silver still only at $18ish.
This is a sign of desperation. It means despite their fraudulent stock reports they have little physical. It means some day enough contracts will stand for delivery and and go unfilled. With Russian demand likely to surge with the removal of the VAT tax on PM purchases last week, the timing of which was no accident, London has a new problem that will affect their ability to help the crooks at Comex moving forward.
It’s just a matter of time for all this to play out. The CME will continue to raise margins on their shitty paper but at some they will get caught.
So I believe Rickards now when he says gold is going to 10k because you can see it playing out right before your eyes.
The bastards are growing increasingly desperate by the day.
Cheers
that would have. been enough of a pretext to keep gold in suspended animation for the day….
Now. gold is. at. the overnight high and silver almost there too…bonds green, lower rates–DOW now down 25….I like this. better than gold opening up 20 and down by morning…the. fact that gold and especially. silver have day after day gains is historic….well, we got a TURN going…a slow one…FUngers crossed! [gold up 3.00 now just set a new overnite high-gee! Could Vishnu see his way clear to permit. gold to have. a 50 buck day???]
