Does the Fed and the Biden administration have a handle on the inflation problem? Why or why not?

That’s the easiest question of all. NO!

The administration has cut pipelines like they did with XL Pipeline and then they wonder why oil producers are not producing as much? It’s crazy how the administration doesn’t recognize cause and effect. You cut leases for oil and gas, you reduce transport (pipelines) and you wonder why our prices spike? I wonder how these people even tie their shoes.

https://www.zerohedge.com/markets/crypto-could-become-true-competitor-us-dollar-jon-najarian

Wow man that is awesome. Congrats !

Judge Blocks Biden’s Nationwide Vax Mandate For Federal Contractors

https://www.zerohedge.com/covid-19/judge-blocks-bidens-nationwide-vax-mandate-federal-contractors

Its Pearl Harbor day  and I was married dec 7    64 years ago   !

Gavin Newsom. Wikipedia

Governor of California in hiding after he develops facial paralysis from booster jab

The Governor of California Gavin Newsom has been in hiding for over two weeks after he developed either Bell’s Palsy or Guillain-Barre syndrome from his booster shot.

Shares do seem connected to the SM at the moment.

Not a bad day, the PF was up 1.3% after yesterday’s 1% gain.

for a bump up in the metals and shares going into the close – course we could stay overdue for awhile.

But what a crappy ride. Not like a postage stamp steady climb.

FYI Smith & Wesson dropped 30% Friday with a disappointing news report. It pays a div 1.77% ex div date 12/15, p/e of 3 already 12% above Fridays crazy low.

I wonder if the masters of the financial universe are using various covid and omicron news updates versus rate hikes for brake tapping the stock market indices. Even just fed news about possible rate hikes throws a chair in front of the monster.

You guys remember when the masters of the financial universe kept throwing chairs constantly in front of the gold and sill bull run 1970 to 1980? Very timid rates went from like %5 to 21% always behind the curve, before that brake tapping finally kicked in.

“What are we stupid? We can get an 18% CD or 16.8% on a thirty-year US bond with no call back provision.” The whole system was very scary back then. They got lucky.

No clue why but looks good.

yeah, looks like oil was a good buy in the $60’s.

everything is up today even pm’s for some reason.

Shares acting the same and being tamed. We get these little bursts higher and then drip selling.

Is this the beginning of the end or do we creep higher from here?

Rates and USD appear to be coming back in.

HONG KONG, Dec 6 (Reuters) – China Evergrande Group (3333.HK) has set up a risk management committee as the cash-strapped property developer inches closer to a debt restructuring that has loomed for months over global markets and the world’s second-largest economy.

The real estate giant, which is grappling with over $300 billion in liabilities and is at risk of becoming China’s biggest ever default, said on Monday that the committee included officials from state entities and would play an important role in “mitigating and eliminating the future risks” of the group.

https://www.reuters.com/world/china/china-evergrande-shares-set-fall-71-after-it-says-no-guarantee-it-can-meet-2021-12-06/

Oil is flying again, cud easily see the recent Hi’s before perhaps another sell off, that wud complete an A-B-C correction……Before we make a monster run to take out all time Hi’s…inflation is gonna explode.

Bouncing back a bit today. Hopefully the tax loss selling in that thing is over for the year.

Let’s get that HUI to run back up toward 260 and see what happens.

Glad to see the metals off the lows.

Nasdaq is screaming higher. Outperforming for the first time in awhile.

Big Pharma and Wall St.

Could go to $1740, and then $1720 if we don’t hold here at $1760.
All aboard..

Yikes.

Gold Mountain Updates Mineral Resource Estimate at the Elk Gold Property

https://finance.yahoo.com/news/gold-mountain-updates-mineral-estimate-080500919.html

Banyan Gold Reports Aurex Hill Zone Diamond Drill Results, Aurmac Property, Yukon

Link

Azimut and Mont Royal Discover a Highly Prospective Nickel-Copper Ultramafic Intrusion at Wapatik

https://finance.yahoo.com/news/azimut-mont-royal-discover-highly-113000701.html

GoGold Announces Initial Mineral Resource Estimate at Los Ricos North

Link

Ascot Receives Mines Act Permit for the Premier Gold Project and Provides Project Development Update

https://finance.yahoo.com/news/ascot-receives-mines-act-permit-120000041.html

Harte Gold Announces Execution of Subscription Agreement and Loan Agreement and Makes Application Under Companies’ Creditors Arrangement Act

https://finance.yahoo.com/news/harte-gold-announces-execution-subscription-123000020.html

Melkior Provides White Lake Update

https://www.thenewswire.com/press-releases/1AJ6Fr0ZY-melkior-provides-white-lake-update.html

Yamana Gold Receives Permit at Jacobina, Initiating Ramp Up of Phase 2 Expansion, Expects Fourth Quarter Company Wide Production to Exceed 270,000 GEO With Costs Tracking to Be the Lowest of the Year

https://finance.yahoo.com/news/yamana-gold-receives-permit-jacobina-220300867.html

Nevada King Drilling Extends Gold Mineralization 200m South, Strike Length Now Exceeds 1km at Atlanta Gold Mine

https://ceo.ca/@newswire/nevada-king-drilling-extends-gold-mineralization-200m

Silver Range Resources Ltd. Provides Corporate Update

https://ceo.ca/@accesswire/silver-range-resources-ltd-provides-corporate-update

Plato Gold Initiates Time and Frequency Domain EM Survey on Marriott Site

https://ceo.ca/@nasdaq/plato-gold-initiates-time-and-frequency-domain-em-survey

Galway Metals Adrian and GMZ Gaps Return 5.8 g/t Au over 55.5m, and 8.1 g/t Au over 17.5m

https://ceo.ca/@accesswire/galway-metals-adrian-and-gmz-gaps-return-58-gt-au

Minera Alamos Announces Santana Mine Operations Update

https://ceo.ca/@newsfile/minera-alamos-announces-santana-mine-operations-update

Silver Sands Resources Updates Phase III Drilling Progress at the Virginia Silver Project

https://ceo.ca/@newsfile/silver-sands-resources-updates-phase-iii-drilling-progress

Bitcoin creeping back up.

Rates on the long end aren’t rising this am, USD flat.

Early on, it looks like another rally day, as long as silver can hold some ground.

Ecuador’s Constitutional Court ruling (from IKN654)

Set the wayback machine to 1965
https://railpictures.net/photo/777900/