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

TEMPE, Ariz., Sept. 3, 2019 /PRNewswire/ — Economic activity in the manufacturing sector contracted in August, and the overall economy grew for the 124th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM^® Report On Business^®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management^® (ISM^®) Manufacturing Business Survey Committee:  . The New Orders Index registered 47.2 percent, a decrease of 3.6 percentage points from the July reading of 50.8 percent. The Production Index registered 49.5 percent, a 1.3-percentage point decrease compared to the July reading of 50.8 percent. The Employment Index registered 47.4 percent, a decrease of 4.3 percentage points from the July reading of 51.7 percent. The Supplier Deliveries Index registered 51.4 percent, a 1.9-percentage point decrease from the July reading of 53.3 percent. The Inventories Index registered 49.9 percent, an increase of 0.4 percentage point from the July reading of 49.5 percent. The Prices Index registered 46 percent, a 0.9-percentage point increase from the July reading of 45.1 percent.

“Comments from the panel reflect a notable decrease in business confidence. August saw the end of the PMI^®expansion that spanned 35 months, with steady expansion softening over the last four months. Demand contracted, with the New Orders Index contracting, the Customers’ Inventories Index recovering slightly from prior months and the Backlog of Orders Index contracting for the fourth straight month. The New Export Orders Index contracted strongly and experienced the biggest loss among the subindexes. Consumption (measured by the Production and Employment Indexes) contracted at higher levels, contributing the strongest negative numbers (a combined 5.6-percentage point decrease) to the PMI^®, driven by a lack of demand. Inputs — expressed as supplier deliveries, inventories and imports — were again lower in August, due to inventory tightening for the third straight month and continued slower supplier deliveries. This resulted in a combined 1.5-percentage point decline in the Supplier Deliveries and Inventories indexes. Imports and new export orders contracted to new lows. Overall, inputs indicate (1) supply chains are responding better and (2) companies are continuing to closely match inventories to new orders, a positive sign for future expansion. Prices contracted for the third consecutive month, indicating lower overall systemic demand.

https://www.prnewswire.com/news-releases/pmi-at-49-1-august-manufacturing-ism-report-on-business-300909470.html

I don’t really see the need for martial law at this time but it may happen eventually. Supposedly Democracies always end because of the lack of financial discipline by the government. The people vote for the politicians who promise the most “stuff” and the country eventually goes bankrupt. When it does it ushers in a period of dictatorship. I wouldn’t be too quick to hope for martial law because we may get a dictatorship along with it.

Cheers

In fact, gold may. have just made a new high…the everything bubble’s. alive and well??? As per Wolanchuk??

Silver’s. in the stratosphere=up 61-a new high for the day

This is getting INNERESTING!!

WTF-!!?? The DOW is suddenly down 326–Izzit. the. ISM. report-?? I don

t see. any mention of same on TEE VEE

could be on. the verge of extinction…the democrat voters don’t realize that if they vote in these commies, they will kill. the goose that lays the golden egg…there is only one solution=a season of martial law until. the nation regains its sanity.