Loading ...Everything is exploding higher because he also said that “maybe he wouldn’t have to go that high”
He talked about maybe a pause after July.
Fed
Powell stated 75 and 50 to 75 next meeting. The higher bases point didn’t elect much confidence in the markets it appears.
Something just changed
I’m not sure what Powell said other than he has the markets back. He spent most of his speech talking about all the things in the economy that were slowing.
Rates fell hard. We rallied, now the shares need to do their thing.
Can’t seem to hold a bid
Powell speaks in 5 minutes…yikes…
Here comes the USD & Rates
shares have been telling us all morning that we were going to suck after the Fed’s open their pieholes.
Sure enough…
Bitcoin still getting punched in the face.
So Everybody Is Waiting For The Grand Poobah’s Decision At 2:00?
What a joke this great socialist global economy has turned into. The Fed is the central bank of a failing globalization scheme that is finally showing its true colors. Spreading disease like Covid and more poverty, budget trade deficits, lower living standards in the USA. And supply chain shortages.
I KNEW this was going to back happen when punching a time clock in 1975, and I never went to college. If I knew this way back in the day, why didn’t our leaders know it. Why did they let it happen?
Because the foreign countries like Japan, N. Korea, China, and big corporations Costco, Macy, Home depot, were on the receiving end, by infiltrating our Congress? “Oh globalization held down inflation” here artificially.
Right, held down inflation on domestic profits and domestic wages. Dragging every thing down. Then the Fed was afraid of deflation and striving for 2% inflation.
Now look at what these financial lunatics accomplished.
Ukraine to me is sounding like Vietnam II
We for some strange reason are giving them billions of dollars of equipment, and Russia is supporting the separatists. Is this nonsense going to drag on for 12 more years? Is the spoiled European Union contributing anything?? They never contributed to NATO until Trump made them.
Biden, imo is surrounded and influenced by a team of various activists.
We the people have actually been ruled by a bunch of activists. Some day I’ll make up a list. We live in the United States Of Activists. LOL And they are very annoying and stupid self centered in their own stupid self important little world. Getting their way for decades.
THAT is going to reverse some day. Addressing their wants and needs are simply not important compared to the prosperity and majority of the USA. They have created ENOUGH trouble damage and animosity.
Trump was a breath of fresh air, that woke up a lot of normal people. Even some of the abnormal ones.
NEM down, WPM just about to go negative
Yields, dollar falling but for how long?
PM shares aren’t buying it.
What is the ECB seeing that would cause an “emergency meeting”? and why would they need to “buy time”?
Markets Disappointed After ECB Concludes “Short On Detail” Emergency Meeting
“I see today’s statement as the bare minimum of what could be expected, but also the most realistic outcome,”
“The meeting, which comes less than a week after the rate-setting governing council’s last vote, raised investor expectations that the central bank is preparing to announce a policy instrument to stave-off another debt crisis in the region, which can only come in the form of more QE… which is ironic at a time when the ECB just announced it was phasing out all QE!”
Another Domino
Three Arrows Capital crypto hedge fund may be insolvent
June 14, 2022https://t.co/z4wtQX9LsO pic.twitter.com/BKmB1ebAw8
— web3 is going just great (@web3isgreat) June 15, 2022
Kinross completes sale of Russian assets
https://finance.yahoo.com/news/kinross-completes-sale-russian-assets-115900238.html
Aztec – Kootenay JV Reports Final Gold and Multi-Element Results from 2021-2022 RC Drill Program on Cervantes Property, Sonora
https://finance.yahoo.com/news/aztec-kootenay-jv-reports-final-113000660.html
Rupert Resources Announces Grant of Performance Share Units and Share Options
https://finance.yahoo.com/news/rupert-resources-announces-grant-performance-203600347.html
Independence Gold Intersects 26.70 Metres Grading 8.00 g/t Gold and 49.48 g/t Silver from the Ted-Mint Vein System at the 3Ts Project, BC
Nevada Silver Reports Multiple High-Priority Drill Targets Identified from Recent Geophysical Survey at The Belmont Silver Project, Nevada
https://ceo.ca/@accesswire/nevada-silver-reports-multiple-high-priority-drill
Green River Gold Corp. Airborne Survey Expands Magnetic Anomalies at the Quesnel Nickel/Magnesium/Talc Project to over 14 Linear Kilometers
https://ceo.ca/@newsfile/green-river-gold-corp-airborne-survey-expands-magnetic
Summa Silver Announces Up-Listing to OTCQX
https://ceo.ca/@newsfile/summa-silver-announces-up-listing-to-otcqx
Marathon Gold Reports First 2022 Drill Results from the Berry and Victory Deposits, Valentine Gold Project
https://ceo.ca/@nasdaq/marathon-gold-reports-first-2022-drill-results-from
Dynacor Reports Sales of US$19.5 Million (C$25.1 Million) for May 2022, a 24.2% Increase Compared to 2021
https://ceo.ca/@nasdaq/dynacor-reports-sales-of-us195-million-c251-million
Mantaro Precious Metals Corp. Completes First Four Drill Holes at Golden Hill Property and Intercepts Down Dip Extensions of Five Historically Mined Veins at La Escarcha
https://ceo.ca/@newswire/mantaro-precious-metals-corp-completes-first-four
Anik project: IAMGOLD intersects 2.82 g/t Au over 6.3 m, extension of the Nelligan deposit stratigraphic sequence confirmed over >7km
https://ceo.ca/@nasdaq/anik-project-iamgold-intersects-282-gt-au-over-63
SILVER MOUNTAIN RESOURCES INTERSECTS 2.25 m @ 793.56g/t AgEq WITHIN BROADER INTERVAL OF 10.40M @ 446.23g/t AgEq IN FIRST DRILL HOLE FROM UG DRILLING AT ITS RELIQUIAS MINE IN PERU
https://ceo.ca/@newswire/silver-mountain-resources-intersects-225-m-79356gt
Retail sales a big miss
down -.03% vs est. of +02%
That should be helpful to the cause. Bitcoin creeping back up only down $350 now. Bill Gates said it’s based on the “greater fool theory”
Hard to get too excited over this little bounce. Best bet is they drip sell us down to flat by the time the Fed comes out.
No idea why we are rallying
but I’m sure we’ll all take it. I expected this on Monday.
Hoping it holds up all day, but with the Fed hike coming I’m not sure how it does.
Let us pray….
Crypto Carnage
I always said that the crypto ‘exchanges’ were the weak point… subject to fraud. Anyone leaving their BTC on an exchange is stupid… there are no guarantees. But you have to have some ‘on deposit’ if you want to play the derivatives game they offer.
Fools and their cryptos are soon parted. A 17% come-on gets you a 100% loss.
This is got yo be one of the most stuff he ever put in his video at once.
Still a side tract with crypto but signs of the times. There unsecured so if this company owes people their crypto or what’s left of it could be held up in court for years.
About 36 minutes in he talks about the crypto carnage and what happened.
Peter Schiff has a lot to say.