pullback in G&S we have seen. a zillion times before…they. are just shaking the tree….the. trannies &. the. russell. are.  down and that’s the diagnostic clue that this pop in stocks will roll over…

[I’m. having. fun…probably making an ass out of myself. again…I. can’t. see. into. the future…who the F knows?]

I’ve been a luddy-duddy for a lot of years and it’s a hard habit to break! 🙂

So I see the USD has reversed course and is now down, but rates are ticking back towards flat on the day.

Another big hit coming as I type…Rates must be moving up again

Snatching defeat from the jaws of victory…

THe explosive gap up open. of the HUI today–see for yourself

https://finance.yahoo.com/quote/%5EHUI?ltr=1

https://www.gowebcasting.com/conferences/2019/09/11/precious-metals-summit/day/2

BUY THE. RUMOR SELL THE NEWS

Looks pretty innocuous. so far, doesn’t it?…they are selling. stocks on the news-here and in. Europe–aaaaaah! But it isn’t–as I. write. the. u.s.  stock market is. starting its crash. sequence…

The.  dreaded loss of confidence. in Central Banks is finally. under way bigly….

“It’s” all starting-like. a snowball starting to roll down. hill from the top of the Matterhorn…

Don’t be a luddy-duddy…if u r. still in. doubt, just. repeat the Mantra:

Draghi Goes All Out: ECB Cuts Rates, Restarts Open-Ended QE, Changes Forward Guidance, Eases TLTRO, Introduces Tiering

https://www.zerohedge.com/markets/draghi-goes-all-out-ecb-cuts-rates-restarts-open-ended-qe-changes-forward-guidance-eases

Hoping we can stave this off, especially in silver.

If not gold, if not the shares, then silver.

Can’t have all three going through the roof at the same time.

Nevertheless, we’re in that sweet spot again where we are going up with the USD.

Trump is going to be raging at the Fed if they don’t cut a 1/2 pt. next week, especially given the USD strength.

Trannies going the other way today=down 37 Skeptics will say gold is having an o.s. bounce but this is an historic bottom today

Gets more negative – cuts from – 0.4 to -0.5%

Stocks, pm’s seem to like the news.

Does that put more pressure on Powell to cut more?

Thought we’d wake up to a spanking on the nice trade gestures by China-US but low and behold we’re building on yesterday’s gains’ and trying to push away from $1500 and $18 – Go Figure.

I guess rates decided to take a pause from their recent tear, dollar too.

Onward pilgrims.

Short inspection train
https://railpictures.net/photo/707921/

Monday, January 28 2019

By GCRU Gold News on Monday, January 28 2019, 01:29

• Bitcoin

The metals this morning, Wednesday, Sept. 11, 2019

I am showing only silver, although the pattern is similar for gold. Silver is more volatile and therefore displays price changes better. Last night and this morning, the Chinese returned to the metals on the buy side. You can see this last night (red line) with a surge of ten cents upon the opening of the SGE at 9:30 pm, although silver firmed all day yesterday. The buying continued into this morning (green line) and we now wait for the market to eliminate any gap up by opening at $18.10. From there on, it’s up to that whale who has been buying silver or other idiots who are still hanging on to the wrong end of that huge Open Interest in COMEX silver to cover their exposure.

Silver may be above its cost of production by a dollar or so, but it is still dirt cheap at barely above half what it was priced at 39 years ago when it sold for $34 in dollars twelve to fifteen times worth more. To put the inflation adjustment back in for today’s tiny dollars, the price of silver needs to be at least $400 per ounce just to equal the average price for 1980. So this ‘rally’ in silver prices does not impress. In fact, it is a cruel joke. The reason silver is still down here under $20 is because COMEX and London are selling infinite volumes of paper silver to drown any advance in paper silver. Last Friday, COMEX sold a BILLION ounces of paper silver to quash the silver market. They did this to block an immanent breach of $21 in the spot market that might have initiated a buying frenzy in paper silver on COMEX.

All of this selling is designed to block the real breakout for silver that resides above $21. I watched a video yesterday with Chris Marcus in which $800 silver was quoted as a price goal for silver. That did not overly impress me either. A day’s average wage in 1900 was a tenth ounce of silver for an American. An average day’s wage today is $250. To reach that 1900 valuation for silver, simple arithmetic requires a present price of $2500 per ounce. Even if you back calculate inflation to 1970, the price of silver must rise 50 fold from it’s 1970 level. Since the price of silver was about $1.80 U.S. in 1970, that implies a present value of $90 but realize that the 1970 price had been fixed by the Treasury department using sales from the strategic stockpiles. These were exhausted by 2006. Essentially, silver has had its price imposed by Anglo-American interests for all of the 20th century. One has to wonder why.

Harvey Organ believes if silver blows up to its real fair value, it will take down the entire financial system, starting with the big banks who are mega short silver. Given the efforts being exerted to suppress the silver market, I have to wonder if Harvey’s conclusion may be valid. The effort to suppress silver is far greater than the effort to suppress gold. Just look at the silver open interest on COMEX compared to world stockpiles. COMEX alone has shorted more silver than exists in all world stockpiles and that’s just the open interest, not the total volume of selling. So, there is something really wrong with the Western centric financial system, and it seems to be related to silver. As a general rule, all of the world’s derivative silver markets sell the total above ground stockpiles of silver EVERY DAY. So, what is it about silver that requires a blitzkrieg of selling every day to keep its price suppressed? Rhody

Fed Still Working Against President Trump – John Williams

By Greg HunterOn September 11, 2019

Economist John Williams says the Fed is still not in President Trump’s corner when it comes to the economy.

Williams says the real numbers say the economy is getting worse and not better. Williams thinks “The Fed is going to feel pressure to cut interest rates .5%” and not .25% that Fed Head Jay Powell has been indicating. Williams also thinks the Fed is going to feel pressure to start a “new round of QE.” Why? Williams says, “First of all, the economy is that weak. I am seeing it in the numbers, and I am sure they (Fed) are too. . . . The headline numbers that you hear are bloated, and they know it. . . . Construction spending is a lot weaker than reported. . . . So, we know the GDP is overstated. . . . They just reduced payroll employment . . . They overestimated payroll growth by 501,000. This eliminates 20% of the employment growth you have seen in the last year. . . . This also will be reflected in the GDP, and it will continue to get weaker. The Fed should be recognizing they have some bad numbers here. I think you are going to see retail sales numbers weaken. They will be out later this week, and also industrial manufacturing numbers will be weaker. They will be out next week. This is all before the FOMC (Federal Open Market Committee) meeting. The economy is weak enough that they’ve got to do something that will stimulate the economy by cutting more than a quarter point. There is a fair shot they go a half point (cut) and if not, they will be easing again soon. As things turn more negative, they are going to have to turn back to quantitative easing (money printing).”

Contrary to mainstream media propaganda, the tanking economy is clearly the Fed’s fault. Williams points out, “When the Fed started tightening quarter after quarter, which started in 2017, and at that point, the interest rate was 1.5% for targeted Fed Funds. When we finished 2018 in December, they were up to 2.5%. The underlying interest rate there had been doubled in a year. That’s not gradual and non-disruptive to the economy. It’s very rapid and turned out to be very disruptive. . . . When they (Fed) said they were going to raise rates another couple of times in 2019, which is when the market crashed, that was around Christmas time, and then all of a sudden, they start backing off.”

In closing, Williams says, “The Fed is not just working against the President. It is working against the interests of the American people. What the Fed was doing was in the best interest of the banking system, and the banks own the Federal Reserve. There’s a conflict of interest right there. . . . . I think you are going to see that the downturn here is pretty bad. It’s not just a little softening in the economy.”

Join Greg Hunter as he goes One-on-On with economist John Williams, the founder of ShadowStats.com.

Remembering 9/11 and the criminal neocons who engineered it to destroy evidence of deep state criminality and the theft of trillions of dollars

https://www.naturalnews.com/2019-09-11-remembering-911-and-the-criminal-neocons.html

Trump Delays Increase In China Tariffs Until October 15; Futures Surge

“we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.”

Anyone attempting to pick a re-entry for silver is merely GUESSING so my GUESS is $17.50 then $15.50. The “triple L” (Late Long Liquidation) gang are now in serious trouble

As a PM permabull, I have made the transformation this evening from bearish to neutral on the precious metals…RSI numbers in the 30’s and 40’s for the gold and gold miner ETF’s. Not a buyer just yet but looking to begin nibbling if (and only if) we get more weakness…

Justices Sonia Sotomayor and Ruth Bader Ginsburg dissented. Even though they know their scamming the system for economic reasons. Never mind if they may be descendent s of the same disasters or worse but will let it happen here.

https://finance.yahoo.com/quote/SLV/options?p=SLV&date=1571356800

U.S. Supreme Court backs Trump on asylum crackdown

(Reuters) – The U.S. Supreme Court on Wednesday granted a request by President Donald Trump’s administration to fully enforce a new rule that would curtail asylum applications by immigrants at the U.S.-Mexico border, a key element of his hardline immigration policies.

The court said the rule, which requires most immigrants who want asylum to first seek safe haven in a third country through which they traveled on their way to the United States, could go into effect as litigation challenging its legality continues.

Liberal Justices Sonia Sotomayor and Ruth Bader Ginsburg dissented.

https://www.reuters.com/article/us-usa-court-asylum/u-s-supreme-court-backs-trump-on-asylum-crackdown-idUSKCN1VW2U4

https://www.dallasnews.com/business/2019/09/11/t-boone-pickens-larger-than-life-energy-tycoon-and-osu-diehard-dies-at-91/

Kind of like everyone knows the stock market is a scam yet no one will ever talk about it. And now the Epstein situation. Just too many powerful people that could get hurt?