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Captain Hook @ 20:53 on April 30, 2020

Posted by Ororeef @ 23:39 on April 30, 2020  

Thats why we buy GOLD !

Richard640 @ 18:44

Posted by Captain Hook @ 20:53 on April 30, 2020  

If Fauci and the medical fascists continue to keep Trump buffaloed, a full blown police state is guaranteed by election day, complete with Bill Gates counting the votes and a heaping portion of extra gravy for him and his buddies.

That is not in the stock market yet, given with the pace of currency debasement being rolled out, many are wondering how prices will go down. The Fed, for example, is now bailing out municipalities to buy their continued cooperation.

Thing is though, the basic income that is supposed to be going to main street, it’s insufficient and slow, because the Fedsters know what would happen if it was generous, like the handouts provided to Wall Street, which are still somewhat self-sterilizing.

So ya, this could be some sort of larger wave down to test the March lows in stocks because the shorts have had enough (and the money printing is not enough considering the damage bureaucrats are perpetuating — see above); however the waves are suggestive more of the insanity (rising prices) should be expected after only moderate pullbacks. (for both stocks and PMs)

That is, for example, the HUI might pullback to test the 220 to 240 range, and then take another run at 280.

That is what the waves are saying, which must be respected.

And it makes sense because if Trump is now impotent (because he has been outwitted by Fauci et al), the money printing acceleration rates (as well as unsterilized universal basic income) will be on steroids if the crazy fascists take the election. (i.e. to counter the crash they create and maintain control.)

Cheers

Hawaii Virus Stats

Posted by Maya @ 20:28 on April 30, 2020  

Total cases: 618 (5 newly reported)
Hawai’i County: 73
Honolulu County: 399
Kaua’i County: 21
Maui County: 116*
Pending: 0
Residents diagnosed outside of Hawai‘i: 9
Required Hospitalization: 70†
Hawaii deaths: 16
Released from Isolation: 526
Cumulative totals as of 12:00pm, April 30, 2020

Three new cases on the Big Island, One on Maui,  one more resident diagnosed outside of Hawaii.

Captain=stock mkt futures from 6 pm–dow futures are down 286–the dow cloed down 288–s&p down 40 pts–closed down 28–looks

Posted by Richard640 @ 18:44 on April 30, 2020  

like the retest started today—do u think gold crashes with stocks?? …or by some miracle rallies after the jobs report?  i have gone from very positive on gold back to “it looks hopeless and friendless”—how bout you?

 
stnasdaq was down 25 today—futures are down 162

Hiring a Lawyer is like buying a Gold Fund

Posted by Ororeef @ 18:17 on April 30, 2020  

the FIRST QUESTION  you must ask is….Do you have any conflicts of INTEREST ? ..Their answer will be ..”we frequently represent both sides” YOU must run for the exit as fast as you can .They LIE…..!

Maddog @ 16:09 on April 30, 2020

Posted by Ororeef @ 18:08 on April 30, 2020  

Your assumptions about Scotia Funds were a conflict of interests…Just like Vanguard .they dont want investors moving into Gold when they make 99 % of Their income on S&P stocks …They sabotage the RESOURCE FUND to protect their interests ,not yours.

“Boys will be Boys”,is not acceptable but Joes not included…He’s just a pervert that sniffs childrens hair and his finger he sticks in staffers when he corners them…

Posted by Ororeef @ 17:52 on April 30, 2020  

‘Joe Biden Is Joe Biden’: Nancy Pelosi Snaps at Reporter for Tara Reade Question

House Speaker Nancy Pelosi

2:44

House Speaker Nancy Pelosi (D-CA) defended former Vice President Joe Biden Thursday during her weekly press conference, snapping at a reporter who challenged her reluctance to believe his sexual assault accuser Tara Reade.

A woman at the press conference asked Pelosi about how differently she was treating Biden compared to then-Supreme Court Justice nominee Brett Kavanaugh when he faced uncorroborated allegations of sexual assault in 2018.

“I don’t need a lecture or a speech,” Pelosi responded defiantly. “I have complete respect for the whole MeToo movement.”

“There is a lot of excitement around the idea that women will be heard and listened to,” she added. “There is also due process and the fact that Joe Biden is Joe Biden.

Mr Copper

Posted by goldielocks @ 17:50 on April 30, 2020  

They want their cake and eat it too. Sell out the states plus for votes and get Fed money from the rest of the US tax payers. Best to get rid of them instead.

Just to be Fair in Comparisons Relative to other GOLD Funds VGPMX is LAST…

Posted by Ororeef @ 17:04 on April 30, 2020  

all-funds-vgpmx

Performance :Thats Vanguard down near MUX ,next to last…..inexcusable for a Fund….

Posted by Ororeef @ 16:55 on April 30, 2020  

vanguard-near-mux

Ill make an exception to my Gold Fund comments

Posted by Ororeef @ 16:44 on April 30, 2020  

Do not buy Vanguard Gold Fund,they intentionally buy bad Gold stocks because the make their REAL money on the S&P  holdings and they dont want to compete with themselves ,and they dont want their customers switching out of their money makers .. I was there way back (1990’s),and I left when I realized what they were doing ..I left just in time ,I almost missed the big move in Gold because of them …

@Captain Hook re your 15:45 the markets will likely continue to surprise

Posted by Mr.Copper @ 16:40 on April 30, 2020  

This Copper chart exposes the bankers loss of control. They maintained Copper prices at $1/lb, plus or minus .50 cents, from 1974 until 2004, 30 years. Adjusted for 30 years inflation it was a clear down trend. Most all metals charts look the same.

So the next time you hear them on TV say, Copper goes up and down with the economy? Maybe they are right, because the US economy has been in an invisible decline since the 1970s.

We HAD to have a negative real GNP, er GDP, (they took away national) because there was no real growth in prosperity. Just twice as many workers to pay the same bills, all fake.

“Honey look, our house is worth $500k and we only paid $40k.” but there is no real profit honey. $40k and $500k both have about the same purchasing power.

NOTE: The Loss Of Banker Control after 2004 and expect more surprises as you suggested.

https://www.mrci.com/pdf/hg.pdf  Copper chart.

By the way, Gold is up 871% from 1974, $175 per oz to $1,700 per oz = 871%

A common $45,000 house in 1974, plus 871% = $436,950, and that’s about what they are today.

However, Gold no interest payments, no property taxes, no insurance or maintenance costs on the gold. Add that up, and Gold far out performed real estate.

https://www.mrci.com/pdf/gc.pdf   Gold chart.

Why not buy a GOLD FUND ?

Posted by Ororeef @ 16:37 on April 30, 2020  

They do all the research for the best companies that are at or near production .They all own Royalties because Royalties do their research before they lend 500 million “UP FRONT “to open a mine .So buy Funds for diversity ,buy what Royalties finance for the best stocks . The Power of money….

Its finally happening !

Posted by Ororeef @ 16:26 on April 30, 2020  

Dr’s offices are empty,endless calls to make your “Next appointment”  overcharging Medicare ,Drugs Prices skyrocketing while Drug retailers trying to “lock in ” your drug purchases by making you to join a CLUB ,to get a discount on a overpriced drug ,Supermarkets Drug counters become clubs just to keep you coming back hoping you will buy something else if they force you to go to the store for your drugs …ITS over for the Med monopoly   they just dont advertise it, but the signs are there…Their cannibalizing themselves . The small drug store has NO chance ,just like the small Gold miner …its all about Finance  !   thats why the Royalty companies are the only way to go..  the small miners do all the work,The mine Financiers will rule the business  and control prices…

Captain Hook

Posted by Maddog @ 16:09 on April 30, 2020  

We could I’m sure argue this one forever…but I would argue that even though some specs are long PM’s in dervatives, in the big picture no-one is long PM’s. specs or pro’s.

Scotia would not be closeing down it’s metal division, if metal was flying out the door, especially with their mark ups ….I was in a PM fund that is closing, due to it’s size collapsing, again if the demand was there, the fund would be growing etc.

Any move into PM’s, by the rest of the world will overwhelm current games…fractions of what is in the SM dwarf the PM mkt.

absolutely no bounce…hui & xau on the dead lows of the day–gold 6 bucks off the low-silver 26 cent off the low..

Posted by Richard640 @ 16:09 on April 30, 2020  

The whole Entertainment industry is going to hell

Posted by Ororeef @ 16:05 on April 30, 2020  

No more Concerts,no more song and a Dance ,no more Movies,  How is Streisand going to maintain her lifestyle ?  “Poor Billionaires”   ..? thats a new problem ..only in America !

Overstuffed fat Pigs billionairs dont want you peons asking questions ,and questioning their edicts..you get what you deserve electing them,they promised you something for nothing .live with it !

Posted by Ororeef @ 15:46 on April 30, 2020  

Illinois Gov. Pritzker: It’s ‘Inappropriate’ to Ask if My Wife Dodged My Stay-at-Home Order

Illinois Gov. J.B. Pritzker responds to a question after announcing that three more people have died in the state from from Covid-19 virus, two Illinois residents and one woman visiting from Florida, during a news conference Thursday, March 19, 2020, in Chicago. (AP Photo/Charles Rex Arbogast)
Charles Rex Arbogast/AP Photo
3:58

Illinois Gov. J.B. Pritzker (D) on Wednesday said it is “inappropriate” to question his wife’s whereabouts in response to reports that his billionaire spouse, M.K. Pritzker, left town, effectively dodging the state’s stringent stay-at-home orders by purportedly fleeing to their $12.1 million equestrian estate in South Florida.

Pritzker recently extended the state’s stay-at-home order until May 30 as he continues to promote the “All-in Illinois” initiative, encouraging residents by letting them know that “we’re all in this together.” However, according to a report from the Patch, the state’s first lady is not “all in,” as she reportedly fled to the family’s multimillion-dollar equestrian estate in South Florida as millions of Illinoisans find themselves unable to return to work as a result of her husband’s orders.

Pritzker refused to address his wife’s whereabouts during Wednesday’s press briefing, calling it “inappropriate” and stating that it is “reprehensible” that the Patch reporter originally covered the story.

“Where’s the first lady? Is she accompanied by a state security detail has she engaged a non-essential travel? What is your response to people who say the state home order and non-essential travel bans aren’t being abided by your family?” he was asked.

“I believe there’s a report from Illinois Rising Action that says that she recently traveled to Florida,” the woman added.

“Well first of all, I want to say that in politics it used to be that we kept our families out of it,” Pritzker said, contending that his “official duties” have nothing to do with his family.

“You know my official duties have nothing to do with my family, so I’m just not going to answer that question. It’s inappropriate and I find it reprehensible, honestly, that that that reporter wrote a story about it,” he added:

Despite Pritzker’s assertion that his wife should remain out of the spotlight, she has been involved in public political efforts in recent weeks, teaming up with Chicago Mayor Lori Lightfoot (D) and Chicago first lady Amy Eshleman to raise money for the Arts for Illinois Relief Fund “to provide financial assistance to the city’s creative scene and cultural organizations impacted by the coronavirus pandemic,” according to the Chicago Sun Times.

“Art has always been of incredible importance to me and to my family,” Pritzker said at the time, praising his wife’s role in the relief effort:

But of course so many of the usual ways of enjoying art together have had to be put on pause, and tragically, our creative communities have felt the financial hardship. [When] M.K., who has always put others front of mind in any hardship, told me that she had an idea to support art and artists in the fight against COVID-19, I was really excited to see what she would come up with. Honestly, she’s blown me away.

Additionally, the first lady reportedly has an office in the Illinois Capitol and the James R. Thompson Center, as well as a taxpayer-funded staffer, who makes an estimated $90,000 per year.

“What’s inappropriate is the Pritzker family’s track record of abiding by the rules only when it suits them,” Kayleen Carlson, executive director of Illinois Rising Action told Breitbart News in an exclusive statement.

“The First Lady has a taxpayer-funded staffer and two taxpayer-funded offices – so her whereabouts are not off limits,” Carlson added.

While Pritzker faces legal challenges over the extension of Illinois’ stay-at-home order, Florida — where his wife is purportedly residing — is slowly reopening.

Gov. Ron DeSantis (R) on Wednesday announced that the bulk of the state — minus southern counties hit hardest by the coronavirus like Miami-Dade, Broward, and Palm Beach — will enter the first stage of reopening on Monday, allowing restaurants to offer outside seating services and retail stores to operate in a limited capacity.

.

Maddog @ 15:29

Posted by Captain Hook @ 15:45 on April 30, 2020  

As long as the specs are long PMs and short stocks in the derivatives (which feed the machines) — and the Feds are printing copious amounts of currency — the markets will likely continue to surprise.

I mean silver at $15 is a friggin joke…but who the hell needs PMs when stocks are on a tear.

Cheers

Captain Hook

Posted by Maddog @ 15:29 on April 30, 2020  

Soon it could well be that there is nowhere else to go, than PM’s.

Bonds are looking ominous here, yes it may only be a correction, but it could last months, or be the start of a major long term move higher in rates, lot of talk the SM has done 5 up and will correct..maybe smell the lows…the Dollar again lots of talk it is toppy….but as R640 says do u really want to buy Euro’s etc…

Pm’s are soon gonna be the last man standing and the PM stox are still in the bargain basement.

Then it will the scum versus the world….

Cheers.

Well can’t say Murph was wrong

Posted by Buygold @ 15:01 on April 30, 2020  

He got a big move, just not the one he was looking for.

I’d like to think that the scum is selling to give themselves a chance to cover but we know they probably don’t even have to cover or take losses.

That being said, what do we have tomorrow, a jobs report? Better than expected? Nah

Truth is there’s no good economic news that will come out for months to come.
The scum can play their games and it pisses me off to no end, but we are winning.

Maybe I’m an optimistic idiot, JMHO.

I’m with Maddog

Posted by eeos @ 14:08 on April 30, 2020  

Sinclair is a tool. He loves to obfuscate and we have no idea what motivates him

goldielocks @ 10:11I Think We Should Sell California To Mexico, Bon Apatite, And Wall It Off Too. Eh? :)

Posted by Mr.Copper @ 14:03 on April 30, 2020  

And the tri state north east area? Sell it to Europe, and Florida? Sell it to Cuba. 🙂

Maddog @ 13:24

Posted by Captain Hook @ 13:57 on April 30, 2020  

I was telling R640 earlier in the week I was worried about Murph yapping like that cuz every time he does if you don’t fade him you get creamed.

Now if da boyz put a ‘good number’ out tomorrow…whatever the f that means to the nutbars in NY…they can really smash PMs on a weekly basis.

I hope I am wrong, because it’s too predictable, but you know the script.

Not that it matters cuz paper silver is f’d with the rig in SLV I was alluding to in my previous post.

PM’s are going nowhere on a sustainable basis until the rig in SLV is dealt with…and that looks a ways off yet.

Again…I hope something positive happens in the physical market(s) sooner rather than later.

The paper/digital bullion markets are 10 times the size of the physical bullion markets.

So if people would just swing a bit more into physical it would not take much to destabilize the larger cube.

Cheers

Gold Is Set to Crash? No Way!

Posted by Richard640 @ 13:45 on April 30, 2020  
[even a stopped clock is right once a day]
  BY    0   4

The mainstream is a fickle place.

On the one hand, we had Bank of America raising its 18-month price projection for gold to $3,000. On the other hand, some people argue the price of gold could crash later in the year.

Goldis up over 13% on the year, but the yellow metal has seen some price pressure over the last couple of days as various government agencies have started to move toward reopening the economy.

An article published by CCNoffers three reasons gold could “crash to earth” in the coming months – none of them particularly compelling.

  1. A coronavirus vaccine.
  2. A quick economic recovery
  3. Deflation and a soaring dollar

The first two reasons both embrace the mainstream narrative that the economy was great before the pandemic and that it will quickly go back to “normal” as soon as governments open things back up again. But there is no normal to go back to. The economy wasn’t normal before the pandemic.

Coronavirus was merely the pin that popped the economic bubble. Everybody is still fixated on the pin, but getting rid of it doesn’t stop the air from coming out of the bubble. A coronavirus vaccine would ease the pandemic, but it wouldn’t do anything to address the malinvestments and debt that were already rampant in the economy before coronavirus reared its ugly head.

And it will take months for the impacts of all of this Fed money-printing to work its way through the economy. In a nutshell, deflation is not the worry here. And the dollar isn’t likely to soar. In fact, Peter said people will likely start dumping dollars.

Nobody can hold dollars. Nobody can hold any bonds denominated in dollars. This is now like a game of musical chairs where nobody wants to get caught with dollars when the music stops playing.”

And when that happens, what will they buy?

Gold.

What else are they going to do? I mean, what are they going to use as an asset? They’re not going to just swap dollars for euros or swap dollars for yen. They’re going to just buy gold.”

https://schiffgold.com/commentaries/gold-is-set-to-crash-no-way/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.