Loading ...I guess it’s because Trudeau is a would be dictator. I’m somewhat surprised that the Canadians haven’t been able to rein him in on some of his extremist policies.
How in the world has Schwab and co. been able to groom so many world leaders and get them into power!
I remember rates of 20 % very well..when Volcker raised it that high I bought 30 year ZERO coupon Bonds for $150.00 and after rates dropped I sold them for almost $1500.00 ..Im waiting ,but I doubt that will happen again… Those were GOOD days for me….!
I was down on Dolly Varden for several years and now they’ve come back and I’m doing well. A lot of junior stocks, once they go down the tubes, never come back. I have a selection of juniors which are now worth a few cents apiece.
“…this hawkishness is aberrative silliness that will soon give way to the usual QE and money on a plate for those who never have to worry about what’s on their plate…”
You got that right! They couldn’t force the WEF policies through if they didn’t have enough power.
I think Zelensky is already counting up how much he can skim off during the reconstruction.
They have every reason to slam us and they haven’t yet.
That has to be bullish right?
Brings back some memories. I remember when they raised rates from 5% to 21% prime rate 1970 to 1982? Millions of people sold everything they had to buy a 5 year CD at the bank. The smarter ones locked in 16% on 30 year gov’t bonds, with no call back provision. All new dead money that can’t be spent and cause more inflation or investment in gold and silver antiques collectibles etc etc.
I also remember Mexico had a 35% rate. And the consensus was, a high rate is the sign of a weak currency. Basically, that stunt they pulled, worked to soak up excess money supply.
The other part of the “raise rates stunt”, killed the value of the gold and silver investments. So all that excess money invested also evaporated into money heaven. Meanwhile after 1971 they created floating exchange rates. And currencies trading like wheat on the futures market.
Everything on futures is traded in US dollars. So when they push the dollar higher, all the others go lower and vice versa. Depending on who needs export help. USA or the rest of the countries. Two groups. USA and all other countries. In general.
I once made sarcastic posts about this, decade ago, implying that if the fake USD crashed against all other currencies (like the Ruble) Import prices would get so high, it would be a breath of fresh air for the US producers and the US economy.
It would be like a huge tariff on imports making them un-affordable for us, and make US products much cheaper. No more foreign competition. Plus our exports would be mathematically cheaper, big discounts for foreign nations to buy our stuff, and all THEIR producers can go bankrupt instead of the USA producers.
Plus other nations can start opening shopping malls, and import cheaper high quality products from the USA. Shut down THEIR wealth creating factories, and open up wealth absorbing sales and service of American products. Let them end up 40 years later with a $30 trillion national debt and growing poverty instead of us.
A crashing Ruble may be a breath of fresh air for Russia. Especially if they have everything they need there. And be independent, and divorce the global “commune.”
I am so tempted to chase Dolly right now, but every time I do that, I get my ass handed to me.
Something is going on with that stock, just have no clue what.
Picked up some GFI, AXU, FSM and yikes, some QID
Looking to get some of Goldie’s AG as well.
“…specifically, Zelensky seems ready to cede claims on Crimea and Donbas to Russia.”
It’s funny how everyone who attends Schwab’s leader school must have missed the class about Democracy, but no-one missed the one about Dictatorship.
?Tucker Carlson: Over the weekend, the president of Ukraine, Volodymyr Zelenskyy, banned OPL. Opposition Platform for Life is now prohibited from “all activity within Ukraine.” So, with a single command, Zelenskyy made it impossible for anybody to run against him for president. He did this not just to Opposition Platform for Life, but to ten other political parties that he believed were insufficiently loyal to him. They’re all illegal now.
No ads, no talk just the Blues 24/7…they also play live recordings from the Club, which are invariably amazing..
LOL!!! I guess we can’t be a winner every day … though would be nice.
Cheers
Silver Tiger Intersects 2,239.0 g/t AgEq over 9.2 meters within a Broader Interval of 19.0 meters Grading 1,101.2 g/t AgEq in the Sooy Vein Near Surface
Might be a day for some other pursuits.
The cats has already gone into hiding !!!!….he must have heard the swearing !!!!
Re Der Sinkmeister and the ‘balanced budget’……I often wonder how he did that…..did he sell all the Gold in Fort Knox…..that wud be right up his dodgy street.
When Germany demanded their Gold back, it took ages and all the Bars were brand new..the Buba never made a fuss….but they shud have been able to just load the bars onto a plane and have it all done in a few weeks…instead it took over a year.
At least we have a few shares up. Gold looking sickly. Might be a day for some other pursuits.
Dolly is bucking the trend this am up another $.03
The rest of our sector looks a little sick this am and I’m not sure if $1900 will hold again.
This is how I sort of expected pm’s to react yesterday with rates and the USD screaming higher. Really hope this isn’t a new trend down.
Goldman Now Sees Fed Hiking 50bps In May And June, A First Since 1994
https://www.zerohedge.com/markets/goldman-now-sees-fed-hiking-50bps-may-and-june-first-1994
Fingers crossed for DOLLF! 
Coeur Completes Sale of its La Preciosa Project
Eskay Mining Identifies Numerous New Precious Metal Rich VMS Targets in Preparation for its 2022 Drill Campaign
Ascot Reports 2021 Annual Results
Aztec – Kootenay JV Reports Continued Strong Drill Results from California Zone at Cervantes Project in Sonora, Mexico; Intersects 0.53 gpt Au over 138.3 m and 0.88 gpt Au over 54.7 m
Karora Resources Announces Inclusion in the GDX® (VanEck Gold Miners ETF)
VR intersects broad zones of silica-sulphide alteration in first pass drilling at Amsel
Commander Expands Quarry Gold Zone at Sabin Property, Ontario
https://ceo.ca/@newsfile/commander-expands-quarry-gold-zone-at-sabin-property
White Metal Intersects 1.5 m of 27.2 g/t Au in the A Zone and 1.5 m of 10.9 g/t Au in the D Zone, Phase 3 Drilling, Tower Mountain Gold Project, Ontario
https://ceo.ca/@newsfile/white-metal-intersects-15-m-of-272-gt-au-in-the
Ridgeline Minerals Completes Drone Magnetics Survey and Confirms High-Priority Drill Targets at Selena Project, Nevada
https://ceo.ca/@newsfile/ridgeline-minerals-completes-drone-magnetics-survey
Gold Terra Intersects 19.00 g/t Gold over 4.0 metres Including 73.9 g/t Gold over 1 metre on Mispickel Area as New High-Grade MP-Ryan Zone Extends, Yellowknife City Gold Project, NWT
https://ceo.ca/@accesswire/gold-terra-intersects-1900-gt-gold-over-40-metres
Radius Gold drilling update: new intersection of 17.8m @ 144 g/t silver and 0.92 g/t gold at El Cuervo Target, Amalia Project, Mexico
https://ceo.ca/@thenewswire/radius-gold-drilling-update-new-intersection-of-178m
Clarkie Gold Project Work & Update
https://ceo.ca/@nasdaq/clarkie-gold-project-work-update
TRU Precious Metals Announces 2022 Exploration Program for Golden Rose Project
https://ceo.ca/@newsfile/tru-precious-metals-announces-2022-exploration-program
Orea Drills 10.37 g/t Gold Over 9.2 Meters at the Maripa Gold Project in French Guiana
https://ceo.ca/@newswire/orea-drills-1037-gt-gold-over-92-meters-at-the-maripa