Loading ...Goldi-as all of us know=there already IS withering inflation in everyday items-u
have to look know further can ones daily cup-O-java=2-3-4 bucks a cup–remember in the 40s when a cup and a sinker were one thin dime? I do…cause I seen my Dad order same…
Buygold–wow!! Nice pop in silver…that is a diagostic clue/Vesuvian tremor…we forget that gold at 1550-60 today didn’t require the trip down to 1350-1450 that all the anal-Lists said had to be visited first..
First try at $18 rejected with force by the scum
somehow though I suspect we’ll get another shot at it before this day is over.
What they don’t want is silver screaming higher out of the gates and pulling gold with it, that might imply that this 100 pt. DOW rally is in jeopardy… LOL 🙂
I’m looking for 235 HUI to finally fall today for the last time, course I’ve been looking for that for awhile now.
silverngold @ 19:12
We’ve got more posters in the poll now and it sure is a lot more than 10% lefty.
I don’t want to say bad things about your grandparents but what they did is appalling! I sure hope people don’t still physically abuse infants and “tie down their left hands” etc to try to force them to be right handed. It’s straight out of the Middle Ages!
Cheers
They popped the cork on silver
Nice, about time. Hopefully we can make our way back above $18.
Morning R640
You mention JNUG – the pm shares haven’t been buying any of the action in the metals lately, with a few exceptions mostly in some of the silver shares the rest of them have held up great.
London has done their job in keeping the metals down all night, now it’s up to the Crimex.
Richard 7:39
They don’t care about deficits as far as how they’re going to pay for it but how “ we’re” gonna pay for it. Price inflation and increasing taxes. Now Trump is talking about another tax cut to middle class. Is he dumping their printing press debt back on them? This might get interesting but hope there’s no price inflation again by the vultures helping the other vultures who printed it. Yikes
The Global DOW index is actually down-not by much…DAX up 205–FTSE up 120 etc-even smelly ole commie France up 65
could be an interesting day—The 10 yr note isn’t buying the euphoria in u.s. and european stocks
https://futures.tradingcharts.com/marketquotes/ZN.html
10 yr note
Miss Twiggy=”long popcorn”
We are now in the situation where “an unstoppable force meets an immovable object”. It is almost unimaginable to allow for the case where the FED stops printing and then the market corrects down heavily. Yet it is also hardly possible to assume that the FED will just keep printing without any adverse consequences for the next 20-50 years.
Long poopcorn.
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Certainly the Fed doesn’t want stock prices to go any higher. However the repo market has trapped them into a balance sheet expansion. We are entering a new paradigm.
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Trump convinced us all that the markets are doing great because of him. Is this article, in a way, calling Trump a liar and that the everything bubble was created by the Fed and not by Trump? Next thing I am going to hear is that this wealth effect created by the high stock market was due to the Fed injecting it either directly or indirectly with free money, and not because of our chosen one, Donald Trump, unbelievable!
And just a note, this is obvious sarcasm on my part. Of course the economy is doing great due to the Fed keeping treasury prices low with their purchases so that congress can maintain their trillion plus deficits that are injected into this economy, and giving low interest loans that can be injected into all the markets, which keep them propped. Not to mention what the Fed is doing in secret. But I can’t tell you what the Fed is doing in secret, well, because it is a secret. How fast can the Federal Reserve create new money? Well, it depends on how fast their fingers can move by pressing all them zero’s after entering the 1-9 digits.
Small uphill battle this am
although silver’s up a couple cents with gold down a couple bucks
Time for silver to play some catch up anyway
SM can never go down, definitely the lesson learned yesterday, saved from down 200 twice to starting up a 100 this am, pretty incredible.
Off topic – Trump is speaking at the pro-life march today which I think is great, he’s the first president to do it, but I have an uneasy feeling about it. I hope he’s well protected.
Miss Twiggy shares this ZH reader comment:
A simple belief takes hold.
I believe in free markets.
The next step.
Rising markets must indicate real wealth creation.
The next thing you know your economy is a ponzi scheme of inflated asset prices.
Do you remember the US did the same thing in the 1920s?
The use of neoclassical economics, and the belief in free markets, made them think that over-inflated asset prices represented real wealth accumulation.
“Everything is getting better and better look at the stock market” the 1920’s believer in free markets
1929 – Wakey, wakey time
The central bankers are trying to prop up a global ponzi scheme of inflated asset prices.
When this bubble bursts, we’re fucked.
Miss Twiggy notes:and so the Fed’s response function is to “veto” (Latin for “I forbid”) the market’s signal
And, this brings us full circle to the reality of the past decade: credit binges are always popular because while the benefits of leverage come today, the costs of bad debt come tomorrow. Improving a business or learning a skill requires dedication and hard work. Monetary “stimulus” offers a siren like promise of effortless prosperity yet ignores the reality that credit binges always sow the seeds of their future destruction.
If this sounds a tad abstract, consider September 15 last. On that day, the normally dull as dishwater overnight repo lending rate soared to an astonishing 10% annualized rate. A shocked Fed felt compelled to “do something,” which these days invariably means adding still further to the pool of loanable funds. The size of the add (via the Fed’s T-bill purchases and expansion of its repo facility) has been nearly a cool half-trillion, well over half of the total size of the Fed’s pre-crisis balance sheet. The Fed justified adding this tidal wave of liquidity notwithstanding its characterization that what happened was a mere “technical” glitch in the repo market. Technical, really? A practical take is that the market is talking to the best and brightest minds in central banking, and the Fed doesn’t like what it’s hearing: the repo market wants to clear at rates above the Fed’s IOER fiat rate, which, if allowed to do so, would likely invert the front-end of the yield curve. Inverting curves sounds a bit too much like ending a credit binge, leading to recession, and so the Fed’s response function is to “veto” (Latin for “I forbid”) the market’s signal. Now, who’s fooling whom?
And, so the Fed continues to continue to pretend the cycle need never end. But markets will be what they must be, and investors must face the consequences of the last decade’s credit binge…tomorrow.
Maya
Ps as far as left handed schools should also teach that and as I mentioned before be more left handed friendly. It’s just another form of diversity not geographical but in the brain. That’s a good thing not bad.
Maya
Yes their is Genes involved. Can’t remember exactly like D gene. But the difference is directional. Theres two and the other genes can’t remember which can go either way. That’s where you get the ambidextrous and left handed.
The connections to right and left especially pointing to dyslexia is a compensation to the brain using the visual side in right due to the problems in left side that connect the three different centers involved in speech and reading.
Not all people with dyslexia are smart as not all people who don’t have it are smart or not.
I started studying in back in the 70 s. Schools were failing kids and they didn’t understand dyslexia. They couldn’t understand why someone with high intelligence could have trouble reading less they were doing it on purpose. In other words they associated dyslexia with learning disabilities and so on to low IQ and were wrong. You can have a high IQ and dyslexia. Because of it children were over looked or even punished by schools.
Because of that many kids particularly boys could wind up in trouble.
Later one psychologist teacher said he believed that dyslexia was caused by mothers who smoked.
I disagreed with that too because many mothers didn’t smoke nor were exposed to it. Plus in our generation many people smoked but their kids didn’t get it. I don’t argue it is a neurotoxin and not good for the fetus circulation.
On Left-Handed Brains
I disagree with Goldielocks. Left-handedness is not a ‘learned’ behavior. It is genetically ingrained. When my mother was teaching me to print the alphabet before I started school, I was using either hand. I asked here which hand I should use. Mom told me to use which ever hand felt best and easiest to use. I settled on my left hand.
My lifelong friend and I studied consciousness and brains since high school. He became a REEG tech… brainwave technician. So we have read and shared a lot of research. Lefties have a larger nerve bundle connecting the two halves of the brain… “Inter-Cortical Communication” is vastly improved. Along with that goes more glial cells & synapses in the cortex.
So the result is that we are better able to fully utilize both halves of the brain, and score higher on IQ tests. Einstein was left-handed.
But we are also more prone to dyslexia… left-right symmetry mix-ups if we don’t learn to deal with that early in life. Dyslexic people are really smart…. if they learn to deal with that. All lefties have this to some extent. I do a few noncritical things right handed, but eating and writing are left hand.
I have an engineer friend who is the most perfectly ambidextrous person I have ever known. After an ID theft at his bank, he changed his check signature to a full-script signature… backwards. You had to hold it to a mirror to read the script of his name signature. Now here’s the killer…. He could do this backwards signature with EITHER HAND. They looked identical.
I did have to check his work, though. He was prone to wire a terminal strip with color codes in the wrong, reverse order. The old left-right symmetry error.
Alex – chopsticks
“Hashi” in Japanese. Having lived in Hawaii most of my adult life, I eat with chopsticks easily. Our group was gathered at an Inn around a boiling pot of Sukiyaki and some of us were ‘dipping’ in the pot before Mama-san served our bowls. We were a casual crowd, so she overlooked the lack of proper protocol. When she saw me bring a cube of soft tofu out of the boiling soup with left-handed chopsticks, she said something in Japanese to our company host. I inquired what she said, and he was rather embarassed, but translated that: “She says you are very good with the wrong hand!” I replied that was a ‘left-handed compliment’ and I was not offended.
I had a fellow next to me at a lunch counter sitting on stools who turned sideways and just stared at me as I ate with left handed chopsticks. I was careful to keep my left elbow close in so I did not invade his arm space, but he just sat there sideways and stared at me as I ate. I smiled at him and just kept eating. He looked like he had never seen anything so odd in his life, with jaw hanging slightly open.
Gold Oil and China virus
Spot gold, which tracks live trades in bullion, was down just 31 cents, at $1,557.42 by 3:15 PM ET (20:15 GMT).
“The world is reacting in a deflationary manner to the news of a spread of the pneumonia-like virus in China,” Zaner Metals said in a note. “The trade is justified in factoring in some slowing fears and that in turn has applied pressure to gold, silver and nearly every physical commodity.”
Goldman Sachs (NYSE:GS) said it anticipated the coronavirus could cause global oil demand to fall by 260,000 barrels per day on average, while crude itself could lose much as $3 per barrel.
The Zaner Metals note suggested that the impact could spread to other commodities as well, as China was the biggest buyer of raw materials.
“Increasing the potential deflationary impact of the new virus is the fact that the Chinese New Year celebrations start this coming weekend and that usually results in roughly 300 million people traveling inside China, and reducing that dramatically would remove a tremendous annual stimulus for the Chinese economy,” the analysts added.
Autocatalyst agent palladium rebounded from Wednesday’s drop to a new peak in futures though not on the spot price.
https://m.uk.investing.com/news/commodities-news/gold-caught-in-coronavirus-crosscurrent-2036139
Flintstones and Ambergris Caye 2008
Remember PortoFino? Mr. Cliff passed away next door and his beautiful home is for sale next to Portofino.
By the way I noticed that the roof looks like Stucco and it is bright white. I never saw a stucco roof before. The estate looks good.
The last day we were there I noticed the steel corregated storm doors that can be slid sideways over the doors and windows. That place was built to last. The price must be high as it has been for sale for a while.
Maya @ 1:27 and 1:31
Japan, no thanks.
Beautiful train pic.
SNG
Did you miss a 1 in WW1?
That’s terrible what happened to you. I heard of them tying hands so they couldn’t use them. The rest is terrible. I guess you can thank them for being able to remember that far back too. You were a tough little guy.
Mr Copper Who’s checking the fact checkers?
Guess who’s on top of the list owned by a liberal in Calif. Snopes
https://www.google.com/amp/s/www.jacksonville.com/article/20120928/NEWS/801246493%3ftemplate=ampart
aufever @ 12:02 re your “A Natural News investigation re Vaccines”
A friend sent me a link to a site like Snopes, that says we can’t trust what natural news says. Is anyone familiar with this link? Called Media Bias Fact Check?