That means on top of open borders they will let in 72 thousand and their chain migration under trained foreign nurses from Likely third world countries like Philippines where 2 yrs high school apparently counts for their 4 gr degree and Africa competing for American jobs. Rinse repeat and the American nurses jobs , community and patient pays the price to people who might just follow orders even if those orders are wrong or covering things up.
Yellen: ‘Catastrophic economic consequences’ if debt ceiling not raised by Oct. 18
parts: With payments due on U.S. Treasury securities (which the Treasury issues to finance the government), the Treasury resorted to its cash reserves and “extraordinary measures” to pay the bills. Once those emergency tools are exhausted, the Treasury says it will fail to make its payments, risking an outright default.
Yellen told the Senate Banking Committee that default could disrupt the market for U.S. Treasuries, seen as one of the most liquid markets in the world.
Yellen appeared in front of the Senate Banking Committee alongside Fed Chairman Jerome Powell, who agreed that a government default would be disastrous.
“The potential effects could be severe,” Powell said Tuesday
https://www.aol.com/finance/yellen-catastrophic-economic-consequences-debt-155634096.html
Maddog 10:01
Until people realize “ It can’t happen to me,” is just as apathetic this won’t stop.
It can take years before all the effects are discovered. The fact that they’re not being reported is not good for the future health of the nations being poisoned.At least half the people who are against or don’t trust vaccines were once pro vaccines until something happened.
That doesn’t even account for their personal freedoms or that we survived and thrived in groups not segregated from each other.
It seems to me we need to get together in groups with this and will set example for for others to do the same. They want to segregate, so be it but not one on one for them to gang up on and pick out.
When that one pregnant woman in Australia was arrested by what appeared to be Nazi tactics for wanting to gather with others to” peacefully”!protest the others should of gathered and turned around the example they were trying to make out of her by threats and intimidation and turned it around on them that it’s making their point of what their doing to people.
What they’re doing is collectively so bad heading from bad to worse that I hope a day of reckoning will come in that these people be just handed over to the crowds that they imprisoned.
But first here in America anyways, they get toilet duty for all the illegals at border first and no border patrol or police escort because they don’t believe in them. They are purposely trying to prevent them from doing their job. So let them take care of them.
@Buygold re your We should get a bounce here shortly, hopefully, anyway.
Agreed. Re three month charts. The USD looks like it at prior resistance, and AU and AG look like at prior support. 10 year Bond rate on a bounce for two months now. 1.13% to 1.53%. Maybe we will get a rotation soon. I bought some HL on that crash day, 9/17, still holding even at $5.64/sh. All kinds of strange things going on.
Mr. Copper
You’re right, speaking for myself I never watch Bloomberg or CNBC. FOX Business sometimes in the morning, but only because I’m looking for financial news.
The reaction with AEM & KL makes zero sense but that’s par for the course with pm shares.
We should get a bounce here shortly, hopefully, anyway.
D’oh!
DJIA down 533 Nasdaq down 378
AEM taking over KL and KL goes down? Oil, Nat gas, and Dollar up at the same time??
Evidently if the Dollar didn’t go up, create a head wind, nat gas and Oil would would probably be a LOT higher.
It Seems Like Absolutely None Of You Are Listening To The Debate on Bloomberg News
They need to raise the debt limit, and Janet Yellen claims if we don’t raise it, there will be a global financial calamity. But mother nature says if you DON’T stop raising the debt limit there WILL be a financial calamity.
So the obvious mentality must be….”If we don’t raise the debt limit, we WILL get a US dollar financial collapse soon after. So why rush it, and stop raising the debt limit” And bring on a calamity sooner rather than later?” “Let mother nature do what it wants later”. Or….
“Look We’ve been smoking three packs a day for the last 50 years, and nothing happened, so why quit now?”
Slowly but surely a few of the shares have gone green
was hoping to see a few more names turning the corner.
Doesn’t happen often but you never know…
At least they’re not counting on wind power
‘Unprecedented’ power cuts in China hits homes, factories
Power outages in northeastern China have plunged millions of homes into darkness, triggered factory shutdowns and threatened to disrupt the water supply in at least one province.
The Global Times tabloid on Tuesday said the “unexpected” and “unprecedented” electricity cuts in the provinces of Jilin, Liaoning and Heilongjiang were caused by power rationing during peak hours.
https://www.aljazeera.com/news/2021/9/28/chinas-northeast-suffers-power-crunch
Moriarty … this one sounds interesting. Rare earth metals
Defense Metals Has U3O8 and REOs
http://www.321gold.com/editorials/moriarty/moriarty092721.html
Buygold
Very little premium for KL. I’da thought they would have done better.
Lots of excitement on the home front today. Getting a new roof put on. All Hispanic crew. Showers threatening, fingers crossed.
Ipso Re: AEM and KL
I’d think that is a positive for AEM and might explain why they’ve been struggling lately while on the other hand, KL has been strong. Now that it appears the deal is done, AEM seems to be strengthening.
Maddog
Holding out hope that we get a bit of a comeback and that the USD and rates start to slide again.
Regardless, I still don’t think the Fed can allow rates to rise without blowing up the Gov’t debt.
That being said, maybe all this is intentional?
goldielocks
We have the same or more pressure all over Europe…Gates has clearly got everyone working for him….as he is obsessed with vaccinating everyone constantly.
They are about to start firing loads of Health workers, doctors , nurses and care workers, who refuse to be vaccinated, come this winter there will be chaos in health care, as yr talking maybe 15 % or more people being thrown out….that I think will be when the public say enough of this madness….we are very close already…..
Probe Metals continues to Expand Gold Mineralisation at the Monique Property, Val-d’Or East Project
https://finance.yahoo.com/news/probe-metals-continues-expand-gold-103000188.html
Heliostar Hits Multiple Channels up to 12.6 g/t Gold Equivalent over 5.0 Metres – Defines Significant Drill Target at Cumaro, Mexico
https://finance.yahoo.com/news/heliostar-hits-multiple-channels-12-103000369.html
Nighthawk Reports Initial Drill Results from Its Phase I 2021 Exploration Program at 24/27
https://finance.yahoo.com/news/nighthawk-reports-initial-drill-results-110100803.html
Sokoman Expands 75 Zone and Releases Additional Results from Eastern Trend, Moosehead Gold Project, Central Newfoundland
https://finance.yahoo.com/news/sokoman-expands-75-zone-releases-112700816.html
Aztec Reports Final Phase 2 RC Drill Results from Tombstone Project, Arizona; Including 2.44 gpt Gold and 66.56 gpt Silver (3.39 gpt AuEq) over 65.5 m with 16.80 gpt gold and 374.36 gpt silver (22.15 gpt AuEq) over 7.6 m
https://finance.yahoo.com/news/aztec-reports-final-phase-2-120000427.html
Metallis Intersects Long Sections of Mineralization in First Four Drill Holes at Kirkham Property
https://finance.yahoo.com/news/metallis-intersects-long-sections-mineralization-130000813.html
Benchmark Warrants Fully Exercised As 100,000 Metre Drill Program Will Lead to Resource Expansion and Preliminary Economic Assessment
https://finance.yahoo.com/news/benchmark-warrants-fully-exercised-100-131500494.html
Eldorado Gold Identifies New Mineralized Lenses at Ormaque; Multiple Styles of High-Grade Mineralization at Bonnefond; Kokarpinar Vein Extension Drilled at Efemcukuru
https://finance.yahoo.com/news/eldorado-gold-identifies-mineralized-lenses-210100092.html
Manitou Gold Intersects Visible Gold; Drills 3.3 g/t Au over 3.0m at Goudreau Project, Wawa, Ontario
https://finance.yahoo.com/news/manitou-gold-intersects-visible-gold-110000203.html
Morning Buygold
Re Never seen Gold.
That’s because ever since ’87 the Fed has realised they can play the mkts to their hearts content.
At first it was done at times of real crisis, like the first Gulf war…I watched as clients bought Oil on the Friday before. then on Sunday night after they went in, the Oil mkt opened up and then sold off all night…..and they were scratching their heads, as to why etc.
Then it also done whenever Greenspan spoke, which is why the old fraud/crook was thought to be a genius/seer etc as the mkts always did what he said….
Over time it has morphed into this 24/7 nightmare ….of non stop manipulation…..I too begin to despair..
Posted by “OilCaptain” on. ZH
yeah deer79
this will leave a mark – I should have seen this coming.
edit: and this beat down is because Powell is going to say to Congress today that inflation is going to last longer than he originally thought, so rates and dollar spike.
In the 20 years I’ve been doing this I’ve never seen gold act as inflation hedge like it did in the 70’s
Looks like
Another stellar day on tap for us……
Maya – thanks for all the train posts , and particularly today’s
It brought back a great memory of being invited by a classmate’s father to go fishing at the Deer Creek Reservoir , and bringing home delicious trout (while finishing my degree a few years before that photo was taken) .