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Exclusive: The Shaykh Mazhar Air Base 48km southwest of Baghdad is under intense renovation by Iran’s Revolutionary Guards (IRGC) as their primary base for missile and armed drone attacks on Israel, DEBKAfile’s exclusive military and intelligence sources reveal. The base is 1,200km from northern and central Israel as the crow (or a missile) flies. Iranian Air Force fighter jets are to be brought in to provide Baghdad with air cover against Israel air strikes, such as those recently staged against Iran’s Iraqi arm, the Popular Mobilization Forces (PMU), the umbrella of Iraq’s Shiite militias.
Just who is in charge here
JP MORGAN or the FED ? and nobody addresses the problem that goes back to the 2008 -2009 collapse when all the Banks were rescued while companies like Lehman were allowed to fail ….The economy contracted but the number of BANKs didnt ….TOO many banks are unprofitable and only exist because they are allowed to Gamble with depositors money in the Stock Market.. There are too many Banks…They are NO LONGER “BANKS”,they dont make LOANS ,they dont pay interest to depositors ,who need them ?
A clearly clueless NY Fed president John Williams told the FT in an interview that the Fed was examining “why banks with excess cash failed to lend to the overnight money market, following a week that revealed cracks in the US’s financial plumbing.”
According to Reuters, “JPMorgan Chase has become so big that some rival banks and analysts say changes to its $2.7 trillion balance sheet were a factor in a spike last month in the U.S. “repo” market, which is crucial to many borrowers.”
As a reminder, just days after the record repo rate surge, a clearly clueless NY Fed president John Williams told the FT in an interview that the Fed was examining “why banks with excess cash failed to lend to the overnight money market, following a week that revealed cracks in the US’s financial plumbing.”
The answer: big changes JPMorgan made in its balance sheet “played a role in the spike in the repo market.”
Specifically, using public data, and conducting an analysis similar to the one we did last weekend tracking commercial bank cash levels, Reuters found that JPMorgan reduced the cash it has on deposit at the Federal Reserve, from which it might have lent, by $158 billion in the year through June, a 57% decline.
Coup
against Trump,now there trying to implicate Pense under the theory that because The Speaker is third in line for the Presidency ,they can get Trump & Pense out of the way they can regain Power without winning an Election …..Trump sez “Bullshit” ..They can issue ALL the Subpoenas they want …try and enforce them .Trump can ignore them and so can Pense and his Cabinet …Who’s going to enforce them…..?
Hey Ipso
Thesis sounds solid to me. Maybe we need a few more up days from the metals to confirm.
Hope when that happens we see a rip your face off rally in the shares and new highs in the HUI.
Portugeezer
We’re all praying for you. If you sell you property make it negotiable so the bank doesn’t get it. As long as it’s more than they’ll give you. And a memorial plaque in your name as the originator, maybe even negotiate a room for your wife rent free at a lower price of need for life including if it’s sold to someone else. Housing unstable right now. I too am losing weight, 20 pounds that got the doctor on alert. Much tests and a drum roll next week where we go from there but I’m okay for now. Just gotta force myself to consume more calories. Bla Bla
Ha
Someone on CNBC, a young Asian wayward opinion thinks if the market goes up its good for Trump but of the market tanks it’s not good for Trump. After all this impeachment talk based on lies you think he’d see he’s got that backwards. The market only went way up in 2016 because of Trump. The market going up near elections will only mean they will expect Trump will win. IMHO
Buygold
PM shares underperformed today but perhaps that is partly because people aren’t sure if the gold trend is up right now. If rising gold persists for a few days then we’ll see better buying … or so a birdie told me.
Was Dow wanting to go down for now supposed to be a surprise?
Dollar was reaching its target but didn’t quite make it. No time to wonder why although good for PMs so far.
The only thing apparent for now that seems to be holding PM’s up unless it’s lack of confidence with the gashing of teeth crazy left.
Wonder those supposedly on the right including media and gop once against Trump then for him are gonna stand pat or turn again especially if they have something to hide or lose like Romney who I hope has a better person come along and retire him and a few others before the right just doesn’t vote and let the Demos take it the same way as Obama got in.
RNO – pm stocks
past experience tells me one of two things is going to happen; either the SM will come roaring back in the next few days and gold will fall, or gold will start to fall with the SM.
There’s no reason for the shares to be diverging from the metals, this is the same bullshit we’ve been seeing for years.
Comex gold
Gold traded up to the 20 day moving average and backed off. Maybe tomorrow will tell us something.
$1,505 gold
was support on the way down last week. is it resistance now?
rno,
similar divergence on the inverse side of that trade – DUST
JNUG
JNUG doesn’t seem to be following Comex gold. It is still trading in the range of the low day. I wonder how much longer this divergence can go on. Maybe the stock market crash is affecting it.
rno
Maya @ 13:07
LOL Those rascals!
If you don’t trade much I guess they don’t make much.
PS I guess they make a few bucks loaning our shares out for shorting when they aren’t going full naked short.
ipso facto @ 9:48 – How do they make money?
Just like they always do… by front-running and skimming your trades!
Arch Crawford likes the gold ….
Arch sez tomorrow is a big astro day for major trouble, 28 mins in
GAPS
It is my experience that (in PMs anyway) that Gaps always get filled.
I have been worried about the (Daily) Gap ups in PMs that started this rally back in late May-June.
Perhaps those Gaps are going to be “Trumped” by filling the (Weekly) Gap down back in 2013?
any thoughts?
(sorry – I couldn’t get the picture to post larger)
All Major US Equity Indices Break Below Critical Technical Support
The S&P 500 is testing a crucial CTA “trigger” level at 2903, but more broadly, all the major US equity indices have broken down below key technical support levels…
•Nasdaq below 100DMA
•Dow below 100DMA
•S&P below 100DMA
•Russell 2000 below 200DMA
https://www.zerohedge.com/markets/all-major-us-equity-indices-break-below-critical-technical-support
Warming up for the war of Ezekiel 38 and 39. Get ready Israel=If that happens then it will be the end of Islam.
Just another fine day in the Middle East on the horizon………..stay tuned!
Huge Iranian Guards base rising near Baghdad for missile-drone attacks on Israel
Saw this at Ameritrade this morning. So how are they going to make money?
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So…did gold, without a lot of fanfare, quietly make. a good bottom. yesterday and has the new leg up to $2200 started?
As I said yesterday there are no. V bottoms in gold…they all start ragged and divergent…
the $ is. actually. green a. smidge…rates are lower…