Loading ...Many , many folks are tapped out financially .
I live in a retirement community . I’ve seen a lot of neighbors sell and leave , because what they once thought would give them a comfortable retirement just cannot keep up with inflation – particularly medical costs . A neighbor has been hospitalized a couple of times this year . His co-pays are forcing him to consider moving from his small , but comfortable home to a one room studio in a 20 ? floor building downtown .
Mr. Copper – I agree
Mr Copper 18:18
People are making those wages now if it’s any skilled labor. Some women dominated skilled jobs might still be lower depending where they work and skill level of the job.
When women started working they were getting taken advantage of because the excuse was it’s a second job and not the wage earner. What did that have to do with it, they’re not working for free.
Then came wage equality. Women trying to bring it up now is a joke, hello.. it’s like please they have no idea. They weren’t either around then or weren’t working. Maybe the slackers they want the same wages as those who do more or better skilled. I remember one of my supervisors told me don’t tell anyone you got a raise cuz they’ll want one too even when not doing the same amount of work.
Jobs that didn’t require a education or training over time didn’t pay well though then and actually pay better now than they did then.
As far as the middle class though these get squeezed enough. They get no breaks especially on the lower end of the scale.
Wages have to stop chasing the rising taxes and over billing by businesses and deal with the over billing on private and gov. sector. It’s a disaster waiting to happen. They use it to push socialism too.
Someone I know read PGE and the power outs was that they have downgraded their system so much to take in all that renewable stuff like wind and solar and they don’t have enough electricity, so they’re cutting off the electricity so you won’t find out they don’t have enough electricity!
They’re also charging more because of the fire they started in Paradise.
The rest of the fires who knows. That’s another story including nut cases , one who traveled from another state and terrorism speculation.
Buygold
Not sure about Shares finding a bottom yet, but some silvers are way stronger than the rest of the PM’s.
Sorry to keep pounding the table
but given the beat down in the metals today, am I the only one that thinks the shares held up OK and are trying to bottom?
Ipso – re: EXK yeah pretty ugly with AISC above $21, surprised the stock isn’t below $1. I don’t own it anymore, are they hedging?
goldielocks @ 16:18 re Shortage Of Tax Revenue Coming in, and Democrats Want To “tax the rich”
Decades ago there was no shortage of tax revenue. The USA had a MASSIVE high wage middle class, that paid all the taxes. TPTB were dumb as a stump to under report cost of living inflation, and allow wages and buying power to melt. That in turn allowed tax receipts from, twice as many tax PAYERS, to melt.
The whole domestic economy was not allowed to adjust properly and naturally after 1970. So the Gov’ts own “wages” also melted and now we have a $22 trillion deficit. With twice as many workers after the woman’s lib movement started. Remember? Only one high wage high tax bread winner was needed, to support the gov’t and the household.
Then it turned into two bread winners needed and STILL not enough income buying power and tax receipts to support Gov’t and retail. This is real simple crap. I don’t understand why I’m the only one, talking like this and its not on TV.
If they didn’t lie about the CPI, and mandated constant gradual yearly adjustment higher with the standard wage, it would be at least $30-$40/hr and they would not have these problems of today. Unfortunately they are STUCK and can’t raise the standard wage abruptly to that level. If they did millions of jobs would disappear. Many businesses were “born” around, affordable wages.
A guy I knew used to have a sales and service business of Fire Trucks. Nassau Fire Apparatus it was called. They sold fire trucks to towns and villages. He told me, selling ONE fire truck gleaned enough profit to buy a house at that time. Before 1970 key date. As time went on, they needed to sell TEN fire trucks for the same one house profit.
Some day the bozos will figure this all out but it won’t do any good. They will have to fix the roof after it starts raining. So what I’m trying to say is, rather than tax the so called rich, they need to create and tax a huge middle class.
It would be survival of the fittest most profitable millions of small businesses that could afford to pay what needs to be paid. The low profit small business owners would have to shut down and just get a good job instead. They’d probably be better off too. No more responsibility.
Demons in “skin bags” these Demoncrats
https://www.naturalnews.com/2019-11-08-many-democrats-are-no-longer-human-demonic-obsession.html
Some of these videos here take a while to get loaded up.Wait a bit. Worth the wait. Great article to send to your old Democrat “friends”.
Alex Valdor @ 15:51 re Your “The consumer ends up paying a higher price”
That’s what they say on TV. That was true years ago, but to me, these days, the consumers won’t or can’t pay more. Everything is on sale often to get lookers in. Many retailers have closed up. Even the Pizza place I used to go to. The owner complained. His rent goes up, the ingredients costs go up ,but he can’t raise prices or the customers go somewhere else.
Mr Copper
Lol yep and guessing why outsourcing slave laborer Romney hates Trump.
Not only that but they copy their ideas once they get there. They had a real deal though. Now heir Warren talking about confiscation of their tangible assets. Lol That would definitely drive them off.
Should laugh though as she wouldn’t stop there which is crazy enough. Like I said I figured out one word to sum them politically and their follower up. Nihilist.
Elizabeth Warren says Government should be Allowed to Confiscate Citizens Property.
Mr. Copper
That is like corporate taxes – it is the consumer who ends up paying a higher price for the product , but it is hidden
News Correction, China Doesn’t Pay The Tariffs, Importers Do, Right???
“China” does not produce anything. “China” is not a factory. It’s a country. Corporations from the USA are harbored and producing over there. Then Macys, Costco, Target, etc import and have to pay. (Abraham and Straus, Sterns, JC Penny used to:)
$GOLD weekly
My long standing weekly roadmap is perfectly on track in its original form. Looks like we will have this ICL within 4-5 days now and for the next ICH I am looking for 1700-1800. pic.twitter.com/8Yytsybw9c— Graddhy – Commodities TA+Cycles (@graddhybpc) November 8, 2019
Buygold
re: stocks with earnings. EXK was a big disappointment. AISC of $21.53. That’s no way to make money!
Well
Out of AG @ $9.84 for a small scalp – still in SAND.
Once Crimex took over the selling returned in earnest.
Will try to pick off some of the companies with good earnings, but so tough to do when the metals are showing no signs of life.
Really thought this might be our year….unfortunately the years are passing by faster and faster these days
Going Going
Sears To Close A Third Of Its Remaining Stores As Iconic Retailer Fades Away
Captain
Agree about Sprott, he can really move a stock. He blew up KL.
Anyhoo, I’ll give it another try at $.38
Bought some AG this am @ $9.67 and SAND @$6.57. We’ll see how it goes. Probably out by the end of the day.
Buygold @ 9:47
It’s got a gap at .38 CAD to fill.
And that’s about what it’s worth everything known at this point.
Sprott is a master promoter however, so it might not make it back down to that level (I think it will.)
I am waiting too.
Glad you made some money.
Cheers
Yep – Time for a bounce
The shares have been quite telling yesterday afternoon and this morning.
Nothing spectacular, just a little bit of stabilization.
Hopefully gold turns higher, not sure if silver will be able to reverse, if so that would be pretty nice.
Ping Pong
Trump is now saying that he has not yet agreed to roll back tariffs.
via bubblevision
New Poll New Poll
Vote Vote
Captain
Yeah, haven’t bought anything yet. As you know I don’t buy options or ETF’s – just shares. I think the shares are about done going down for the day but we’ll see how bad they’re going to beat the metals.
I did buy some of your Wallbridge at $.30 and sold @ $.42 – Thank you.
Might try again under $.40 I don’t know.
Buygold @ 8:44
Good luck.
You will need it.
Hey Capt.
Yeah, there are still a lot of positions yet to be cleared out on the long side for sure. Shorts will pick their spots slowly as always.
This is the deepest they’ve been able to sell things off so far, so it does look like $1400 could be on the way. I would just be looking for a 1-2 day bounce, probably a weak one and pick up some beaten up shares for a flip. I kind of like AG, RGLD, KL and SAND in here, but have to see a little stability in the metals.
Buygold @ 7:43
Based on the overnight ETF open interest put / call ratios the shares will lead lower today.
Gold might stabilize (only briefly if the GLD call buyers return) soon though.
The hedge funds may be buying the dip in the futures (we’ll find out today). If they are gold could fall below $1400.
Be careful. The gamblers are gone wild. Until they are gone or changed (they are always on the wrong side of the trade in time), PM’s are going down…just like I’ve been saying for the past 7 years or so.
But go ahead…buy some GDX calls and see how that works out. (just kidding – I know you are ‘woke’)
Chuckle