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Looking for suggestions on where to buy a roll of silver eagles
Any suggestions on cheapest would be appreciated. Been awhile since I bought some. Might be time again.
Hey treefrog
Kitco shows gold up $5.30 and silver up $.11
Hopefully we’re in good shape for a short week despite the jobs report on Friday.
Trump may have to do some heavy lifting on the Tweet front with China, otherwise the SM could be in trouble.
somewhere,
…there’s a market up and running. netdania was showing silver down a few cents, but now , it’s up a dime.
R6 – always a great question
“will the new buyers have the staying power to keep gold prices rising or, in the heat of battle, with. the CBs/PPTs-round. the world–will they fall by the wayside?”
I suppose it depends who the “new buyers” are right? If little guys, they’ll get crushed and get out. Big guys may or may not get spooked so easily.
One thing seems sure, there is strength at certain levels underneath the gold price as Maddog has mentioned several times, and something is going on with silver, at least someone has an urge to buy for now.
I’m guessing that the bet is U.S. rates are going negative in the next couple of years. Trump thinks the USD is too strong to compete, the Fed thinks it’s too strong to maintain their phony inflation mandate of 2%. JMHO.
I don’t know how the FED and the PPT coraled the be all and end all rationale. for. owning gold into the narrow pen
of the tariff/trade war conversation…but. they. have…the sudden. new interest in gold by. the. fund/hedge guys. has to do with. the. trap of endless CB money printing-trillion buck budget deficits, irrepayable debt of all kinds–and over valued dtock mkts…the question is. will the new buyers have the staying power to keep gold prices rising or, in the heat of battle, with. the CBs/PPTs-round. the world–will they fall by the wayside?
8:40 am–World markets are still wearing their “what me worry?” T-shirts…
Maybe. it’s better this way to go. into tomorrows open with a smiley face, run. up the flagpole 100-150 DOW pts and then do a slow rollover and end the day dpwn 400+ and +$25 on gold…saaaaaaay! I like that. scenario!
Interview with Wayne Jett , author of ‘The Fruits of Graft’ yesterday
At USAWatchdog.com . Read at least the summary , and if intrigued then watch the video . Gold is one topic discussed .
Silver is 24 cents off. its high–gold is. $11 off…so we wait for Tuesday morning…Asia is flat
It. looks like stock. markets. are whistling past the graveyard, bravely. trying to. ignore, like. a. fart in an elevator, the bad news…dismissing it as “old news”…”already discounted”…we’ll get a better picture Monday night…but. tonights action. does. not bode well.
dorian
you gotta remember, this is florida, and florida traffic rules prevail. just because dorian has his blinker on, that does not definitely mean he’s going to turn.
More CBB
The problem: circumstances don’t obviously dictate that the Fed should be intervening. The unemployment rate is 3.7%, near a 50-year low. Stock prices are within 3% of all-time highs, while all varieties of bonds are priced at unprecedented lofty levels. And after declining to near zero in March, the Atlanta Fed’s GDP Now Forecast has current growth maintaining a reasonable late-cycle 2% pace.
Credit Bubble Bulletin=“The Fed’s job is to stay out of politics”
The notion that the Federal Reserve would not respond to declining stock prices – under any circumstance – has become heresy. There was no outrage when the Greenspan Fed manipulated the yield curve and adopted an asymmetrical policy approach to underpin the securities markets. Where was the outrage when Bill Dudley (while at Goldman Sachs) and others specifically called for the Fed to adopt policies to spur mortgage Credit expansion for the purpose of systemic reflation after the collapse of the “tech” Bubble? There was even minimal debate when the Bernanke Fed employed unprecedented post-mortgage finance Bubble Credit allocation and reflationary measures. And it was as if I was the only analyst that had an issue when Bernanke later stated the Fed would “push back” against a tightening of financial conditions, essentially signaling the Federal Reserve would not tolerate a market correction.
I am again reminded of the late Dr. Richebacher’s important insight that asset inflation is the most dangerous type of inflation, certainly riskier than consumer price inflation. There is (was) general agreement that more than a modest increase in consumer prices is undesirable and would provoke tightening measures from responsible central bankers. But with rising asset prices almost universally viewed constructively (while confirming the soundness of policies), there is no constituency motivated to rise up and demand measures to contain inflating asset prices and Bubbles.
It is now a consensus view that the Federal Reserve (and global central bankers) should backstop financial markets to promote economic growth and wealth creation. The Fed, market participants and most pundits prefer to ignore that such a doctrine places the central bankers at the epicenter of Credit, resource and wealth allocation. Such a position ensures the Fed now wades chest deep in the political muck. It’s been a slippery slope I’ve been chronicling now for over 20 years.
The Fed’s market-centric and interventionist approach has essentially supported incumbent Presidents and Washington politicians. From this perspective, it is clearly “establishment” and susceptible to “deep state” innuendo. This regime is today challenged by President Trump, with his penchant for tariffs, confrontation, and scathing attacks on the Fed and its Chairman. The President is essentially blackmailing the Fed: Play ball or you’ll be blamed, ridiculed and targeted, with clear risk of losing your jobs along with the institution’s coveted independence.
http://creditbubblebulletin.blogspot.com/2019/08/weekly-commentary-dudley-sticks-his.html
Wow – that’s horrible
the Bahamas are such a beautiful place.
God help the folks in Northern Florida should it hit landfall there. I know we have some Oasis members from the area.
Crazy stuff.
Gold up $12-was up $15–DOW futs. gapped down on. the open 220 pts–
The NY. FED trading desk immediately bought futures-DOW. now down 142–no need to. guess…it’s a nice start but we’ll get. the “verdict” Tuesday morning…
Goldi–gusts to 220 mph–that’s a shredder!
Updated at 3:39 p.m. ET
Hurricane Dorian strengthened into a catastrophic Category 5 storm on Sunday, reaching the Bahamas as “the strongest hurricane in modern records” to ever hit the archipelago, according to the National Hurricane Center.
With sustained winds of 185 mph, the slow-moving storm is expected to bring a prolonged period of “catastrophic winds” and storm surge to the Abaco Islands.
Treefrog Hurricane
Praying for the people of the Bahamas.
Surges already carried people away.
Saw pictures of boasts overtures in the water.
Here are rows of home videos coming out. Much damage and flooding.
https://www.businessinsider.com/hurricane-dorian-hit-the-bahamas-photos-videos-2019-9
This is a good’n
https://www.zerohedge.com/news/2019-09-01/breaking-down-bullbear-argument
3) The Myth Of Cash On The Sidelines
Despite 8-years of a bull market advance, one of the prevailing myths that seeming will not die is that of “cash on the sidelines.” To wit:
“Underpinning gains in both stocks and bonds is $5 trillion of capital that is sitting on the sidelines and serving as a reservoir for buying on weakness. This excess cash acts as a backstop for financial assets, both bonds and equities, because any correction is quickly reversed by investors deploying their excess cash to buy the dip,” Nikolaos Panigirtzoglou, the managing director of global market strategy at JPMorgan, wrote in a client note.
Stop it.
This is the age-old excuse why the current “bull market” rally is set to continue into the indefinite future. The ongoing belief is that at any moment investors are suddenly going to empty bank accounts and pour it into the markets. However, the reality is if they haven’t done it by now after 3-consecutive rounds of Q.E. in the U.S., a 300% advance in the markets, and ongoing global Q.E., exactly what will that catalyst be?
Clifford Asness previously touched on this issue as well.
“There are no sidelines. Those saying this seem to envision a seller of stocks moving her money to cash and awaiting a chance to return. But they always ignore that this seller sold to somebody, who presumably moved a precisely equal amount of cash off the sidelines.”
Every transaction in the market requires both a buyer and a seller with the only differentiating factor being at what PRICE the transaction occurs. Since this is required for there to be equilibrium in the markets, there can be no “sidelines.”
Furthermore, despite this very salient point, a look at the stock-to-cash ratios also suggest there is very little available buying power for investors current.
https://www.zerohedge.com/news/2019-09-01/breaking-down-bullbear-argument
The end is nigh, brother, the end is nigh!
World markets are like a pie crust stretched across the roof of a volcano!
Fu Manchu is about to pull the lever to the trap door!
Warbucks signals the trusty Punjab to cut the cords of the rope bridge!
Grease the skids! Happy tobogganing!
R6 – ZH & Doom porn
Yep and ZH has been pretty much wrong as rain for almost ten years running.
Eventually they’ll be right, because even a broken clock is right…..you know the rest.
I’ve been pondering gold and these every 20 year moves. 1979-80, 1999-2000, 2019-20?
5 bagger in gold from here would be huge.
