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V likely that we do get a good SM gain today, as mkts will and are responding to CB’s etc……but if this thing gets worse then the reactions are likely to be less and less fast, as this type of event is something that will prick the CB bubble and lay waste to their supremacy.
U could not devise a more perfect way of wrecking CB control and that’s what I find scary, as it had to happen, the mkt Gods have had enough.
Real mkts will come back.
Maddog-7:46am=If I am reading this right, the 30 yr was up 2 full handles [incredible, eh?] and is now 25 bps off the high
which makes me think we can’t rule out the stock market could stilll end the day with a decent gain…
Maddog–7:28am in NY–looks like u’re right…It needs to be understood that this world-wide sell-off and historic rally in bonds
is not because of the virus–the virus was just the pin….the crash is the consequence of all the accumulated financial outrages discussed on this forum and on ZH for the past 11 yrs….viewed from that standpoint, a number of scenarios could take place=
most likely, we get yet another outrage and the FED/CBBs of the world print more and precipitate yet another V-shaped recovery and years more of upwards and onwards…less likely we get a 6-12 month bear then up we go again…least likely a total collapse and the dark ages return: a grinding depression…
Nevermind – Here they come
regardless of what the Fed does or doesn’t do. $1600 is the cap today.
Silver will be lucky to be flat.
Same old pattern
Far East and Europe react, to more printing/rate cuts etc by CB’s see BoJ etc. by buying PM’s….US wakes up and says no way, is that allowed and down they go.
Note how Dollar is reacting to rate cuts, but PM’s have to be put back in their box.
Anyone besides me surprised pm’s are up this am?
I realize silver is up a mere pittance compared to the buck loss on Friday but I kind of figured once they broke with the SM they would stay broke. Course, the Crimex hasn’t opened yet.
Ten Yr. @ 1.04% – Unreal
@eeos @ 1515
Remember it is all to easy to get caught up in group panic. In the last few years all of the news has been more panicky and urgent. Here today gone in 72 hours. Just think how cheap face masks will be 6 months from now. I hope I don’t get the flu for sure and wish I could be healthy until my last day but there is a bunch of hype going on. Group think group fear. Yes something different is happening but watch out for group think fear syndrome. GTFS haha