Loading ...I wish you lived near by, and were friends, we would always have something to talk about.
I wish you and some others here were there asking questions too. Instead they get ??,,! about climate change.
I got as far as that and when at least someone brought up income and he said well housing prices are higher they have equity on that.Equity they can’t use and be subject to change!! This is so lame all they think about it their own money flows. What are people supposed to do fall in the trap of refinancing their house now stuck with a higher payment and higher taxes? Sell it? It was one of those let them eat cake moments. Well consumers buying less or something, no really?
I didn’t finish listening I left the house.
New Poll
Who will win the Super Bowl?
I am
right handed (74%, 31 Votes)
left handed (21%, 9 Votes)
ambidextrous (5%, 2 Votes)
not sure … Hey would you like to buy my Beanie Babies? (0%, 0 Votes)
Total Voters: 42
Appropriate timing from Mark O’Byrne at GoldCore…
Silver Prices Likely To Go “Exponential” – Guggenheim Co-Founder
*Silver prices are likely to go “exponential again” according to Guggenheim Partners co-founder Scott Minerd, in an interview with Bloomberg at Davos (see silver chart and interview below)
*Silver is “the number one conviction trade in 2020” Minerd, who is also the Guggenheim Global Chief Investment Officer (CIO) told Bloomberg whose conviction trade was greeted with surprise by Bloomberg’s Tom Keene and Jonathan Ferro
* Silver has more room to run and there is a “strong probability” that silver will go “exponential” again according to Minerd
*When you look at the relative values of silver and gold, silver is about 65% below its prior peak while gold is very close to its prior peak”
*Financial
U.S. Navy Confirms “Incident” Off Coast Of UAE As Oil Tanker Burns (not a tanker)
https://www.zerohedge.com/markets/us-navy-confirms-incident-coast-uae-oil-tanker-burns
The way I see this, is that so far they are holding the mkts, but they are 1 bad headline away from a panic.
They have a massively long SM and Algo’s that will pile onto any sell off, until someone pulls the plug….meanwhile we have no idea what will happen over the next few weeks, as all those millions of people could spread the virus….after 3 weeks and there is not much more bad news then it makes sense, to buy the SM…but now, that’s catching knifes with a blindfold on.
Maybe yesterday was a shakeout in silver and the shares?
Shares making a nice comeback. Silver of course a ways to go, but sure beats downside follow-thru.
I wish I was there asking questions. He said something like labor participation rate was very high, so that could put downward pressure on labor rates. Huh? The Suffolk County Police tax absorbers are unionized make $200,000 plus big benefits. Their pay keeps up with cost of living, NOT supply demand.
The non union tax PAYERS get far less than cost of living, and also not related to supply and demand. Their basic minimum pay is dictated by Congress. Crappy inadequate union representation.
And that stupid 2% inflation target??? Not one grown adult in that room has asked him what the HELL are you talking about? He never explained where he/they want to maintain 2% annually higher numbers. And fear of too far below 2%.
The ONLY thing I can think of is the 10 year bond yield interest rate is below 2%. So they are fighting to get or keep interest rates around 2%?? The inflation rate is supposed to track the cost of living % rate.
Are they targeting food and fuel? New cars? With 6 year loans? They CAN’T be talking about real estate prices or rental prices. They are way above 2% annually.
Said they aren’t changing anything.
They’re talking about there may be a roll for the Repo, how useful it will be. What???!! Now people bring up asking them about climate change. Do these people really know what they’re doing?? Financial system will use it to manipulate businesses?
Coronavirus Last heard they’re are 1239 in critical condition.
Just wasting billions of paper dollars…..utter madness.
G & S holding up all morning but now the pm shares are drifting lower as we approach the Fed announcement while the SM rises into it.
Typical
Guyana Goldstrike Signs US$9 Million Gold Forward Purchase Agreement
Pssssst…don’t mention trillion buck deficits yearly forever…or the trillions the FED creates to keep “paper” values elevated…
reversal–but the NY FED came in and stopped the unraveling….but that shows that the mkt is no longer a one way street…I say it rolls over hard betwixt now and the close on Friday and then we repeat=a big down monday or possibly a cras.
i just got in and out of some VXX calls–broke even but it cost me $310 comissions,,,I’m watching this mkt like a hawk all day and may jump back in–I think the FED meeting will be a non-event for the bulls with an eensy possibility of an aid to the bears…after Ooples’ earning last night the ones for the rest of the week are irrelevant…
Bonds are still the diagnostic clue for the day…
https://futures.tradingcharts.com/marketquotes/ZN.html
“pull down your pants I’ll explore you”…that’s what we sung as kids….snicker!
george soros’ son, robert is married to adam schiff’s sister melissa.
there hasn’t been any reassurance from any Western government……maybe they don’t want to look like fools.
so the scum sell hell out of PM’s….
