Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...One day bars 3 month views:
https://finviz.com/futures_charts.ashx?t=METALS&p=d1
I think we’re all in gear now that the Fed has made his splash. We’ve seen this so many times, a relief rally. This rally hopefully will go on for at least a month or two, hell its been a two month leg down.
One month bars 5 year views:
G and S catching a bid this evening.
I would post a chart but I usually just make a mess of that. LOL
MG
Excellent macro charts from Tavi. @TaviCosta
1. Fed is being forced to buy more Treasuries. pic.twitter.com/FuixkP9ef5
— Lawrence Lepard, "fix the money, fix the world" (@LawrenceLepard) March 17, 2021
Amazing to see all of the PM’s acted the same way ( Gold as well). Topped out and then dribbled slowly down in the last hour or so.
Gold should have been up at least $100 today…..
Meanwhile the termites/Redditts are eating away at the Silver shorts foundations….. 24/7.
I’m a bit surprised by the action in pm’s. Hopefully it lasts more than just today.
Inflation coming, rates staying low until they don’t?
Will they get us tomorrow instead?
“Prices for hot-rolled coil U.S. steel continued to soar in recent weeks, hitting a one-year high, amid strong manufacturing activity data in China and the U.S in October. Steel traded at USD 711 per metric ton on 6 November, which was up 12.7% from the same day in the prior month. Moreover, the price was 20.9% higher on a year-to-date basis and was up 44.5% from the same day in 2019.”
Note Hot rolled is crap compared tp cold rolled. Must have been at least 30-35 years ago fabricator sheet metal shops were paying .20 cents a pound DELIVERED!!! That’s $400/ton. If minimum wage lowly steel keeps going up, it will push up all other better metals re pecking order. Anything priced that far back should be 15 to 20 X more today. So .20 cents/lb should be $3/lb today, or $6,000/ton. Copper, Nickel, Stainless etc should fly off the charts.
Basically I think during Trump they realize for national security its not good to import from other countries.
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Steel (USA) | 461.14 | 519.95 | 619.92 | 828.46 | 603.52 |
Look what they have been doing. The Entitlements look like chump change. today, not a word about this.
Remember the old Oil news?? Consumption would out strip production, and it would be the end of the world. They even had a book.
“Twilight in the Desert reveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. He uncovers a story about Saudi Arabia’s troubled oil industry, not to mention its political and societal instability, It’s a story that is provocative and disturbing, based on undeniable facts, ” Ha Ha Ha 🙂
Note the future is always a surprise to the masses and the Media.
Can you guys remember any other nonsense Media predictions from long ago? Lets make a collection and mail it to the Media.
Yep and inflation will continue to get worse …
Seems to be a shortage of patriots running our country and a surplus of corrupt self servers.
No change by the Fed says they are very confident, the Rig will continue to work…..that’s a very big call.
Oh yeah and all those recent NEM buyers are sitting pretty…..running the Fed, beats insider dealing every time, just ask GS.
When the Perth Mint says it may take a year to get the bars for an allocated Silver account, u know it’s damn tight….Sprott has said he is going to issue upto another 3 billion shares of PSLV….u can bet he will heavily publicise any delays, he finds in getting the Silver….
Neil Dutta at Renaissance Macro sums up today’s nothingburger from The Fed:
“Passive easing continues. GDP has been revised up. Inflation has been revised up. Unemployment revised down. Despite all this, the median dot still at zero through 2023 though a few more see a hike. Chair Powell probably has time to help these folks understand the new policy framework.”
They get those margins up towards 100% and people might as well take delivery. That would sure put the screws to the riggers!
The margins on Comex silver are now 40%. Historically margins are approximately 10%. The premium on phiz is now $6.00 which is over double from a year ago. Somebody definitely does not want silver to go up the least bit.
Palladium is on fire again. Phiz is hard to find at any price. Rhodium is still in the stratosphere.
rno
And maybe the best performers during the August led decline should be sold? Or maybe with the dogs waking up, the good ones will do even better.
Looks like Powell is in between a rock and a hard place but they have been for awhile. I don’t think he’ll say the economy is doing better under the circumstances but he could and the market will take it as they will raise interest rates. If they see inflated yields they’ll see future inflation then bonds could sell.
Someone pointed out a channel chart of the Dow which hit the top and next day yesterday Dow was red. I don’t know what will be perceived of the little stimulus checks.
The majority of people except for a few banks that paid people ahead will get their gov checks today to stimulate the economy. Most I know are gonna be paying bills or house fix it things.
Leading the charge?
WTF is that about?
AGI looks good too.
You bet! I’m looking forward to that time when the true price of silver is realized and SLV is found out to be the fraud it is!
It’ll probably happen quickly when it starts … over the course of a few days. EFF crimex!
Re Perth mint….tks for that.
I think this is the way it is gonna play out, the Reddit crowd are gonna keep eating up all the silver around, we will hear nothing from the MSM etc, it will be all anecdotal like this…..
plus how the hell is SLV sourcing Tonnes o/n, when the Perth mint is taking a year to deliver size…the discrepancies are gonna become so vast, they can’t be hidden.
as they have already written the press release for the Fed……just asking, as isn’t that how it works these days…or is it JPM’s turn this time.
Must be some Powell dovish rumors?