Loading ...For the past 3 trading days we’ve had this ealy plunge in gold and the HUI and they both came back all the way…today I think they don’t
Twisting arms
Australia asks China to explain ‘economic coercion’ threat in coronavirus row
SYDNEY (Reuters) – Australia has asked the Chinese ambassador to explain his “threats of economic coercion” in response to Canberra’s push for an international inquiry into the source and spread of the coronavirus.
Australia’s call for a probe into the pandemic, which originated in the central Chinese city of Wuhan in December, has angered China, its largest trading partner, following a couple of years of diplomatic tension.
Cheng Jingye, Beijing’s ambassador to Australia, told a newspaper on Monday that Chinese consumers could boycott Australian beef, wine, tourism and universities in response.
R640
Bloomberg and CNBC may as well broadcast straight from the Eccles building…they haven’t got an independent bone in their bodies.
The one that drives me mad on Bloomberg is the guy with the bow tie…I was once told never trust anyone who wears a bow tie…
Doesn’t look like a turnaround Tuesday
drubbing is here in the metals, have to assume the shares will follow.
Damn
I heard on Bloomberg radio this morning that since the FED is the biggest buyer of u.s. treasuries
we can no longer call it a free market–in other words MMT is here, publically discussed and acknowledged and studiously ignored by market participants.
…so where does gold come into the picture what with this high confidence in the FED?
Thought I’d wake up to a drubbing
the way it looked last night anyway.
Appears a weaker USD and a rising SM might be helping a little. Not sure I’m crazy about the rising SM being a help though.
Shares don’t look great premarket, as usual we’ll see.
Maddog–I hear ya…same deal here…whne I was a kid, I remember the five of us
going to eat in the Steak N Shake restaurant–in 1948–the bill was $2.90 and when my dad left a 50 cent tip the waitress almost fainted…
FIRST IN SIGHT IT MUST BE RIGHT
R640
No Gold rally is such an integral part of the Rig….all those smug talking heads on the TV, telling us that the Fed has it all under control, so fill yr boots with FAANG trash and add some TSLA in for fun, would not look quite so smart, if Gold was blasting through 5 K…Meanwhile if a pub was open, u get no change from £ 10 for two drinks and forget having shorts…a large Gin is £ 12.00 …..No sir no inflation here…none at all.
Maddog–Gold is back under total control-at least for now–I know this song and dance routine is faliliar
to you…you know…the one where gold and silver are not allowed to print grenn even for 5 or 10 cents…hard to believe given that MMT is officially acknowledge and open;y discussed on all the media platforms…
6:55 am-excuse me, but could some please notify the traders on the Comex to bid gold green…at least one stinking dollar?
The June $ index is down a big .540
4:34 am-the June $ is under a 100 & down .197
This is the 3rd day the dollar has been down with no help to gold
Monetisation: Do not panic [so no need for gold? Japan’s been doing it since 1989 & still a viable economy]
VOSooSX CEPR Policy Portal
Monetisation: Do not panic
Olivier Blanchard, Jean Pisani-Ferry
Fred Bergsten Senior Fellow, Peterson Institute; Robert Solow Professor of Economics Emeritus, MIT22
April 2020
