Loading ...Facebook Loses Teen Sex Trafficking Case, Legal Defeat Puts Social Media Platforms in Crosshairs
Biden Calls on Afghans to ‘Decide Their Future’ as Withdrawal Nears End
As I remember what happened in South Vietnam when the commies took over I wouldn’t care to be a supporter of the Afghanistan gov when the Taliban moves into Kabul.
I hope for the best.
Question is what are they going about the sec to state.
Georgia Judge places protective order on lots of ballots identified by affidavits as containing counterfeit ballots. Sec of state secretly violates this order opens the boxes to remove and or replace counterfeit ballots. Secretary of State caught red handed tampering with evidence.
"Gee, we're buying all this physical silver but price never rallies."
Here's $1.50 in price smashes during Comex hours over just the past four days.
People buy physical.
Banks sell paper.
But price "discovered" through paper.
Works only until it doesn't.
That day is coming. pic.twitter.com/m4GDPeBNoq— TF Metals Report (@TFMetals) June 25, 2021
FWIW – Arizona audit is complete
If AZ. gets decertified and shows that Trump won, we will see an avalanche of audits in swing states.
We need the truth. We need honesty in our elections.
I remember watching FOX news and they called that state as soon as the polls closed. FOX was complicit.
Just hope the truth comes out.
COT by the numbers
The Commitment of Traders Report
Silver
*The large specs reduced their long positions by 14,750 contracts and reduced their shorts by 2,557 contracts.
*The commercials decreased their longs by 2,156 contracts and decreased their shorts by 15,478 contracts.
*The small specs decreased their longs by 2,257 contracts and reduced their shorts by 1,128 contracts.
Gold
*The large specs reduced their long positions by 20,794 contracts and increased their shorts by 5,028 contracts.
*The commercials reduced their longs by 493 contracts and decreased their shorts by 29,337 contracts.
*The small specs decreased their longs by 3,168 contracts and reduced their shorts by 146 contracts.
As predictable as calling for the sun to rise tomorrow. Let’s hear it for the bad guys.
COT Report – a little more exciting as of last Tuesday – pretty heavy volume
Funds getting flushed per the norm but a lot of short covering on the way down by the banks.
Just like Gary Gensler planned it.
-THIS IS REEEEEEEEEEEAL important and shows why u need no downside protection-STOCKS WILL NEVER CRASH AGAIN IN OUR LIFETIME! [snort!]
Dr. Bernanke was essentially telegraphing the Fed would not tolerate the consequences of weak securities markets – let alone a correction or bear market.
[no more downside for all financial assets–blue skies from now on]
https://www.youtube.com/watch?v=Djd1XfwDAQs
Credit Bubble Bulletin—Friday, June 25, 2021
Weekly Commentary: Mester on Financial Stability
The Fed had one last chance to rein in the Bubble. It announced its non-conventional policy “exit” plan in 2011, with the expectation of paring back some of its unprecedented balance sheet expansion. But instead of exiting, the Fed again doubled asset holdings over three years to $4.5 TN. And the policy evolution went beyond adding massive amounts of liquidity in a non-crisis environment. With essentially no fanfare, Bernanke sank deeper into activist policy quicksand in 2013: “If financial conditions were to tighten to the extent that they jeopardized the achievement of our inflation and employment objectives, then we would have to push back against that.”
Dr. Bernanke was essentially telegraphing the Fed would not tolerate the consequences of weak securities markets – let alone a correction or bear market. It was monumental. The Fed was no longer only backstopping the markets against crisis dynamics. Our central bank wanted loose financial conditions, and it was ready and willing to do whatever it takes to ensure inflating markets. Fed mandates could only be accomplished through robust securities markets. At that point, the Fed was managing financial conditions in name only. It orchestrated booming markets to accomplish its economic objectives.
It’s all been fairly predictable since then: escalating speculative excess, over-leveraging, Bubble Dynamics, and recurring market instability. And each bout of market turmoil ensured only more outlandish Fed market intervention: Powell’s “pivot,” the 2019 “insurance” stimulus in the face of booming stock markets and unemployment at multi-decade lows, and then the Monetary Fiasco unleashed in March 2020. The Fed’s balance sheet has about doubled in 15 months, while our central bank ventured into buying corporate bonds and ETFs. Importantly, it thoroughly convinced the marketplace that “whatever it takes” can be literally interpreted when it comes to sustaining Bubble markets. Manias were spawned in precarious “Terminal Phase Excess.”
Now what do they do? The Fed and global central bank community have inflated myriad historic Bubbles. They’ve irreparably distorted market prices and function. The upshot is momentous risk distortions throughout – with particular emphasis on unprecedented leveraged speculation, the derivatives complex and the ETF industry. The money market funds should be the least of the Fed’s concerns.
Dr. Bernanke was essentially telegraphing the Fed would not tolerate the consequences of weak securities markets – let alone a correction or bear market. It was monumental. The Fed was no longer only backstopping the markets against crisis dynamics. Our central bank wanted loose financial conditions, and it was ready and willing to do whatever it takes to ensure inflating markets. Fed mandates could only be accomplished through robust securities markets. At that point, the Fed was managing financial conditions in name only. It orchestrated booming markets to accomplish its economic objectives.
It’s all been fairly predictable since then: escalating speculative excess, over-leveraging, Bubble Dynamics, and recurring market instability. And each bout of market turmoil ensured only more outlandish Fed market intervention: Powell’s “pivot,” the 2019 “insurance” stimulus in the face of booming stock markets and unemployment at multi-decade lows, and then the Monetary Fiasco unleashed in March 2020. The Fed’s balance sheet has about doubled in 15 months, while our central bank ventured into buying corporate bonds and ETFs. Importantly, it thoroughly convinced the marketplace that “whatever it takes” can be literally interpreted when it comes to sustaining Bubble markets. Manias were spawned in precarious “Terminal Phase Excess.”
Now what do they do? The Fed and global central bank community have inflated myriad historic Bubbles. They’ve irreparably distorted market prices and function. The upshot is momentous risk distortions throughout – with particular emphasis on unprecedented leveraged speculation, the derivatives complex and the ETF industry. The money market funds should be the least of the Fed’s concerns.
More Immigration Bullshit …with Gun Control
CRIME
3 Dead, 3 Injured After Attack by “Knifeman” in Wurzburg, Germany
Members of public confront killer with sticks and chairs.
Video Screenshot
Mean while they want to eliminate Giuliani another patriot and use Trumps name as a excuse to make sure no outsider gets in office again.
There after Trump yes but not just Trump. Any patriot who doesn’t want to see their country run my anarchist and just plan scum. NY city has got to be the most corrupt city in the world. Run by anti American now anti white corrupt filled with criminals and derelicts dysfunctional activist of aforementioned scum who has turned their city into a rat infested hell hole people are fleeing from. Who would want to even live there.
There after Trump next and they are as corrupt as they can get. They might as well be a cancer within our country.
Rudy Giuliani’s law licence suspended over false election claims
Beyond everything else wasn’t this accidental?
Derek Chauvin Sentenced To 22.5 Years For Floyd Killing
https://www.zerohedge.com/political/watch-live-derek-chauvin-be-sentenced-killing-george-floyd
Big volume and a nice gain today on WGO.V
I don’t own it. Been looking at it.
Concerns After Italian 18-Year-Old Dies Following AstraZeneca Vaccination
Concerns after Italian 18-year-old dies following AstraZeneca vaccination
Buygold
Floyd isn’t a hero he’s a criminal who fell victim to another criminal. It’s just gonna have a opposite nauseous reaction. That’s their new idols. I guess the real ones ones of the past like MLK are canceled too.
We can thank the corrupt in some ways who know it was manslaughter and cover them up both black and white or other forms of corruption and violation of rights being ignored. It was a matter of time.
What did they do after the crash of 08? Send cops out to give tickets and put up road blocks to find something to ticket them for under the excuse of drunk driving when it was money hunting and at a time when people were struggling. Sack the city. They were even trying to get their DNA.
The lefties in government supporting this are still doing it while their putting up a statue. Nothings changed. They want change look at the people behind the scenes ordering it like sending swat teams to pick up protestors who happened to go to the capital to support Trump and make it look okay by calling them racist and insubordination instead of trespassing.
They just figure that white people handle things differently and won’t riot.
They’re leading them right into Marxism and they’re just following along.
A statue of George Floyd – really?
The cop shouldn’t have put his knee on his neck, especially with him handcuffed, but to build a statue for him as if he was a hero?
Give me a break.
Gold’s fear-driven selloff should be bought as per Sprott’s Grosskopf
Parts:
Last week’s surprisingly hawkish tone from the Federal Reserve may have driven the speculative hot money out of the market. Still, the CEO of one of the largest precious metals firms in the world said that gold’s long-term potential remains firmly intact.
“What we have seen is a lot of short-term money move out of the market,” he said. “The long-term picture for gold hasn’t changed at all; it just gets more and more compelling. We think these fear-driven dips should be bought.”
Government support and rising unemployment benefits are forcing companies to raise wages to attract workers. This, in turn, will lead to higher input costs, which will be passed on to consumers.
Grosskopf pointed to slowing growth in the housing sector as a sign of how fast the economy can cool down from the current pace. Even if the Federal Reserve does start to raise interest rates in two years, Grosskopf said that rising inflation will keep real rates in negative territory.
“Can gold prices move $250 to the upside in a few months? Sure, it can. We have seen that happen many times before,” he said. “When you look around, everything’s at a record. We are at peak equity markets, peak debt, the Fed’s balance sheet is at a record. that pendulum has absolutely swung as far as it possibly can. That is why the gold market is so compelling right now.”
Comment: To kill the boredom with PMs shop around the steel sector for a while, lots of green over there. MC
P.S. Ammo is like money, POWW OLN VSTO and SWBI Smith & Wesson to shoot it away at the range, are all flying 200% to 500% in a month. CORRECTION IN ONE YEAR, not one month. Put all 4 tickers on one chart.
Shares still stink
Metals aren’t exactly ripping higher but regardless the shares are doing pretty much nothing.
We all know when shares suck like they are now, metals are going nowhere.
HUI 270, was 600 in 2006.
No other index would do that with good underlying fundamentals.
As it should be … Thank God for honest judges
Judge blocks FBI from keeping cash, gold, and silver seized in Beverly Hills raid
This is one of the places I never put money … Thank Goodness
Bolivia Moves Closer To Gold Confiscation With Latest Law Blocking Bullion Sales/Exports
Some animals are more equal than others
UK MP Says “Important People” Shouldn’t Need To Quarantine Under COVID Rules