Yes you are right. But with all the money printing the effect on the markets is not present yet. All the straws will eventually break the camel’s back, but not yet. The markets don’t lie when the bankers are having their way (see my comments last week on the SPX/CRB Ratio). Christmas bonus season is coming and they will not let anything interrupt that (even with all the money printing manifesting this as a profound paradox).

That is to say with all the money printing, if it was not hoarded by the bankers and their buddies (think bonuses, corporate buy backs, etc.), commodities would be soaring — not the other way around.

I wouldn’t be surprised to see stocks back up by day’s end.

Cheers

Barring a five gamma event

u want a Gamma event, how about the collapse of Hong Kong…..it is happening as we watch. One of the Worlds major financial centres is falling apart. Tourism is over, the real estate mkt is overlooking a precipice, retail is in collapse and the banks are on a knife edge.

As far as the UK MSM is concerned it ain’t happening, which is always a giveaway, when “they” are crapping themselves.

Yes this will only delay things.

Barring a five gamma event, PM’s are not going anywhere substantially until these futures gambling idiots are purged from the market — if you can call it that in knowing the bankers will be back to piss on gold the next time it goes above $1500 again.

Hook

Stocks, Yuan, Bond Yields Tumble On “Pessimistic” Reports From China On Trade Deal

“Mood in Beijing about trade deal is pessimistic, government source tells me.”

http://charleshughsmith.blogspot.com

Ya with ETF options expired Friday, and the new options cycle having little effect on trade until we flip into the next month, the futures market will have a greater influence on trade.

So with all the gambling idiots long PM futures right now, you could indeed see quite a fall in a very short period of time, especially if the shares fall hard too (they will because the ETF put buyers were supporting them.)

Hope you heeded my warnings last week.

Hook

In the mid ’60’s when traveling across Canada I would take the railway, not by passenger car but by ‘riding the units’. i.e., the locomotives. This was done by boarding and occupying one of the rearmost units on rail-yard departure, a practice tolerated by CNR employees. (The Fireman would always check each unit and they would often offer water or sandwiches. Water jugs were also sometimes situated in some units, which was convenient).

One winter trip found me in Revelstoke, B.C., tossed off a train by the engineer when he discovered in one of his units awaiting departure from the station. I had been using the CNR exclusively prior to this and this was the first CPR track I had ridden, hitching the original ride from Calgary headed west. I later learned that the CPR did not tolerate unit riders.

I waited several hours for another train to depart and caught and occupied the last unit of a seven-unit train. High multiple unit trains were common in the Rockies then since they were only rated approximately 1500 HP, where modern engines can be rated 4000 HP or more.

The train rose toward Kicking Horse Pass (just as Maya’s photos depict). Kicking Horse Pass crosses the Continental Divide and is the highest point on the CPR railway: unbeknownst to me was what lay ahead. Spiral tunnels had been constructed on the rail-line that permitted a rise in elevation over a longer distance, thus reducing the grade through the pass. When we entered the first tunnel I immediately was struck by diesel engine exhaust from the leading six units, and though I don’t remember it, I soon succumbed to the contaminated atmosphere and passed out.

I regained consciousness some time late whilst crossing the Kicking Horse River, several miles from the tunnel egress and at the end of the Pass descent stage. Disoriented upon resuming consciousness, I thought I was crossing the North Thompson River near Kamloops, hours away from Kicking Horse Pass! It was only later when traveling through a town that I realized where I was. I also recall having a splitting headache, my first episode in breathing Carbon Monoxide. (Breathing Carbon Dioxide will give one the same headache: don’t ask).

Thanks for all the rail photos Maya: I never fail to enjoy them.

The Canadian climbs Kicking Horse Pass
https://railpictures.net/photo/711485/
https://railpictures.net/photo/711486/

I am very sorry if I offended anyone.

Especially you snowflake lunkheads. 🙂

I think you guys are being to hard on Kapernick – snowflakes could be offended by that!

https://youtu.be/si-vMj-FB88. Long,  about 2 hours but well presented by Beck.

Good Rant!! Thanks! This stuff needs to be exposed to the light of day!

Al Sharpton was paid more than $1M by his OWN charity in 2018 – but he says he’s worth it because he works six days a week

https://www.dailymail.co.uk/news/article-7694129/Al-Sharpton-paid-1M-charity-2018.html

I wish I could disagree but what you say is all true. Seattle is fast becoming just like SF with it’s socialist anti business agenda and homeless people overrunning the place. Olympia is pretty bad too … hundreds of tents in the forest areas and problems with litter, drug abuse and crime. It’s a problem without an easy solution.

But at least Kapernick ain’t our quarterback! 🙂

I wondered if that Seahawks offer to Kaepernick was a kind of “virtue signal” to the 12’s- the local fans.

Seattle is a regular Babylon with Amazon, Microsoft, Starbucks, Google, Facebook, all having a huge presence;

not forgetting Seattle’s socialist government.

All the local news carries are the shootings, traffic messes which occur several times a day,

and of course the sports – Soccer now in a frenzy over the MLS Cup, and the Seahawks, and lastly, the Mariners,

for those of us who identify with not having every day be perfect.

On a slow slide to becoming San Francisco North, everyone seems to be oblivious to the

shit and needles on the street, the random attacks on folks by crazed nut jobs who, when caught, are released,

only to re-offend and be arrested again, the total disregard of shoplifters who operate in plain sight.

Homeless encamped in tents everywhere you want to look, a market for broken down RVs rented as living space to the upper homeless class.

Giant piles of refuse and clothing surrounding these places.

Local police operate with one hand tied to their foot by their socialist controllers.

Rogue TV reporters, trying to discuss the above are denounced as “fake news”.

You might remember my postings here about my experiences with the R’s and being a Ron Paul Delegate to the Washington

State Republican Convention, and how they ran over us “Paulistas”.

The local Republicans still seem to be locked into a secret agenda coming from – who knows where it comes from.

Nothing but crickets about how to reclaim some kind of order and sanity.

Seems like so long ago that I had some hope of a better future, now, it’s looking pretty dark.

Sorry for ranting, I think it’s the approaching Holidays that stir my emotions.

Ya nobody has ever talked about that before.

Chuckle

If you only have 5 minutes , start at the 27 minute mark . It woke me up .
All of us , whether we have physical or G&S mining shares need to consider what he says , in the event of global fiat currency collapse .

He is a team morale ticking time bomb .

Yeah, I saw that on the news today. You’re right, he doesn’t want to play. He looked like he was out of shape.

He doesn’t need to play since Nike rewarded his behavior with endorsement money.

I feel like I’ve been in a time warp for the last 20 years and don’t recognize my country. The Seahawks are blessed that he didn’t take the deal, he’s a cancer.

Did you see what happened with Kapernick’s tryout? At the last minute he changed the venue so only a few teams saw him work out. If he was serious about playing he would have showed up where everyone thought he was gonna be … but NO he just wants the publicity. What a tool!

Kapernick the Plague! Works for me! 🙂

PS The Seahawks offered him a job some months ago as a back up QB. He thought that was beneath him so he turned it down. Personally I don’t think he’s good enough to be #2. The Seahawks dodged a bullet!

treefrog – see if that works

Ipso – 24 teams? 23 teams there because they don’t want to be accused of collusion. Kapernick is like the plague,

whatever it is, it isn’t coming through except as a micro-thumbnail