ratio steadily dropping, approaching 80.  a good mid-long term sign for a precious metals bull.

Gold, silver and platinum up sharply. Treasury bonds up. Stocks off sharply. Paper is on the reset path. Gold stocks are going opposite the broad market.

The USDX is about unchanged for the day. Gold/silver ratio going back to traditional relationship.

Volatility may get very intense very soon. All we need now is an early freeze in the corn belt to send grain skyrocketing. The planting this year was very late so an early freeze would wipe out huge amounts of corn and beans.

rno

After a while that may be true. Lower rates might be able to breath life back into the debt monster once again.

But first they/we must pay the price for the hollowing out of the economy (by exporting manufacturing to China replaced by financialization). Then throw in ‘diminishing returns on debt’ and all that and like Sinclair and his ilk postulate, a reset will be in order, or increasing chaos will rule.

Of course for most, a reset will be chaos, given it would be over quick.

Anywho — it’s all good for PM’s at this point — with the only question being candor.

And apparently that will be controlled by how fast the trapped powers that be continue to take rates negative.

Again, nice to see the shoe on the other foot for a change.

The Keynesian control freaks are caught in an embroil of their own devise.

Cheers

LOTS!

Burkina Faso: Islamic State and al-Qaeda’s New Sanctuary

Burkina Faso: Islamic State and al-Qaeda’s New Sanctuary

Tks hadn’t thought of that…..they have tonnes out there..some say damn near all of it has been leased out…@ 16 K tonnes…

But what is true, is that the deeper rates go negative, the more attractive it will be Borrow PM’s as u say…in fact it would become a self feeding frenzy, as the higher the price, the lower the rate, the more Gold u get back…..it could kill negative rates and thus disarm the CB’s…….Oh Dear…that is truly shocking.

Tks for the info.

LOL Lot’s of maturity and sense there!

Re Boris loses majority……you’d think the party that got the defector would be happy….but not in the crazed sick world of westminster …oh no !!!!!

The chair of the Liberal Democrat LGBT wing has resigned from the party following Phillip Lee’s defection to them. “I thought we had a soul and principles.”

Chair of LGBT Lib Dems Quits Party Over Phillip Lee

235 and climbing…

According to Alasdair Macleod , with the global debt profile going increasingly into the negative, the bullion banks (the bankers) can no longer lease gold out, removing that rather large source of artificial supply. Add that to the inverse of this equation, where it will pay in the future to borrow money to buy real things the more rates go negative, and you have yourself the bankers worst nightmare — inflicted upon themselves the more they send rates negative in an attempt to save the present system.

So the only question now is how much they have out in legacy gold/bond carry trade/short gold they must cover at some point.

I’m hoping it’s a lot.

Cheers

Silver up 4% ???

Unbelievable. HUI tried to breach 235 again. Hoping it blasts through this time.

In Stunning Twist, UK PM BoJo Loses Parliamentary Majority

In a stunning turn of events, PM Boris Johnson has lost the Tory’s majority in the House of Commons after Bracknell MP Dr. Philip Lee, an anti-Brexit conservative, decided to defect to the Liberal Democrats, according to Bloomberg.

https://www.zerohedge.com/news/2019-09-03/stunning-twist-uk-pm-bojo-loses-parliamentary-majority

Silver may drag it all higher…..some people are gonna find out that shorting that beast, is a recipe for disaster.

Thanks for that.

What a twisted world we live in.

It’s getting very complicated…yes they are on the same page,…but Boris want the Tory party/him to run the show, if he lets Farage in then the Tories might even become a minority in a coalition government with Farage….plus we have yet to have an election…..

We should all be able to trust Boris…but he comes with loads of baggage attached…all of it rubbish.

USD has given up more than half its early gains on that bad PMI news. Bonds are rallying hard and rates be falling.

If the USD rolls over we could have a $30 up day.

So much for my “gut feelings” – glad they’re always wrong.

That’s not so good!

If Brexit is stalled out I imagine there will be a lot of pissed off people in GB!

I thought Boris and Farage were basically on the same page. Shows what I know.

PS From where I sit with limited knowledge it seems like the EU is trying to load up GB with so many financial penalties, exit taxes etc that they leave GB with no option but a no deal Brexit.

“Benevolent Monarch”

Sounds risky!

“Philosopher Kings” 🙂

Re Brexit

If Boris did a deal with Farage, then the rebellion would fold, pdq….as a joint party would walk any election…but he won’t, so risks Brexit and the country !!!!

Best of luck!

I recommend some medicinal coping devices before the day is out.

Glad to hear you’re going to miss the brunt of the storm!

but. humane. mass deportations…I speak spanish and like the. latino culture and people…those. that are here illegally and respectable. and established could stay–but all the recent arrivals ==especially the unacompanied youth and crimminals would be rounded. up and sent back with a c-note for transportation back to their “Bohios”.  and villages..

Brexit showdown: MPs bid to block Johnson leaving EU with no deal

British lawmakers will on Tuesday try to stop Boris Johnson from pursuing what they cast as a calamitous no-deal Brexit, a challenge a senior government source said would prompt the prime minister to call for a snap election on Oct. 14.

snip

An alliance of opposition lawmakers and rebels in Johnson’s Conservative Party will use parliament’s first day back from its summer break to launch their attempt to block a no-deal exit. They are confident of victory.

https://www.reuters.com/article/uk-britain-eu/brexit-showdown-mps-bid-to-block-johnson-leaving-eu-with-no-deal-idUSKCN1VN259