Loading ...War Coming, More Die “Unexpectedly,” Record Inflation, Drought Disaster
COT Report
still in the right direction but all the price action happened Wed., Thurs. so who knows what happened on those days. The funds continue rake in the bucks.
Maddog 13:39
I know it’s very strange.
The S&P spy broke through technical resistance 3800 for shorter term position plays and the market all acting like it’s having a recovery but it’s not out of the woods yet.
I mentioned coal too earlier. Im surprised you missed that one when Europe is having to fire up their coal plants right now. lol
They want zero carbon but this cut in gas is showing they were doing nothing about it except moving money around but yet demanding other country’s do that resulted in a catastrophic decline in their economy and farming with green fertilizer that didn’t work that was totally unnecessary. They don’t know know how it works and what their doing.
A ex Fed came out here saying the current Fed was talking about social justice and climate change instead of paying attention to the scope of their duty’s. Where did they get their degrees. .. but then that whole administration is a disaster. There getting a taste of their own social justice. What ever there supposed to do there doing the opposite.
Ipso
Yep I agree.
goldielocks
Manchin is more of a Republican than many actual Republicans!
Mr.Copper
Tks for those Coal Co’s…boy did we miss a move there….that Consol one is up near 17 times from the lows…
I looked at a weekly chart and see it moved off a great bowl base…..the type silver has had. but is never ‘allowed’ to move off….that action is what a free mkt looks like. Grrrrr
Look At The High Volume Bar On The Short Interest US Dollar Chart
Could that be a washout bottom capitulation? And up it goes as Dopey drops from here? How else can we explain that volume? Just an error on the chart? We all know the dollar is crazy high lately. Often we see crazy highs leading to crazy lows. Maybe soon crazy lows lead back to crazy highs. USD is way out of line. It should have started dropping a month ago.
goldielocks
Re short interest in PM stox……that makes no sense, as the selling is relentless, day in day out…plus we rarely see any covering. Most buyers are diehards …cold dead hands holders…..so they never sell.
I’d suggest that it ain’t reported and no-one complains/looks into it…which is par for the course in these mkts.
The Green Machine Is Played Out, Check Out Coal
The FANG stocks are played out too. Coal may be the new game going into the future. The global community entering de-globalization, is poor, and coal is a good way for all to save money, the cheapest way out. The costs on society fighting climate change, have taken their toll.
https://finviz.com/quote.ashx?t=HNRG&ty=c&ta=1&p=w
@goldilocks
Right on all that. On the positive side, it’s always darkest, before the dawn. Like you said, the nonsense is being felt and noticed by more people, and the establishment is constantly getting increasingly bad publicity. Thank you the summer 2008 crash, and thank you Donald Trump.
Richard 11:16
Pretty much so. That’s what I though too. Like what’s he doing lol
Mr Cooper
Understood. Nevertheless people just have a way of figuring things out if their eyes are open.
Even the younger ones with no party affiliate and too busy to notice usually can’t miss what the left are doing to our economy or our schools the crime and our freedoms are saying that whole party needs to go. Except a few like Manchin.
@ goldielocks re 23:24 re my 21:50 Inflation Calculations To Gain Perspective
Hi, I never suggested they have to make adjustments suddenly, I’m just pointing out distortions or differences or changes that happened over time since the 1970s. Basically the USA went from a trade and budget surplus to a trade and budget deficit. ($32 trillion?) Also pointing out the net deflation adjusted for inflation, in entry level labor costs.
Ipso
Good for Manchin, one of the last in the demo party with any intellect and integrity amongst a bunch of morons that just can’t reach far enough in our pockets.
Meanwhile Joe is heading for Saudi oil because he wants to protect the consumers to bring the gas prices down because of the war in Ukraine right?
He promised his party he’d shut the oil down, why don’t he own it? I guess his voters didn’t think that through.
Hurray for Joe Manchin
Manchin Shuts Down Latest Plans For New Tax Hikes, Climate Spending
Sen. Joe Manchin (D-WV) has once again derailed the Biden agenda, telling Democratic leaders on Thursday that he won’t support new spending on new tax hikes or spending on climate measures, in what Bloomberg describes as a “potentially fatal blow” to Democrats’ ambitious economic agenda.
https://www.zerohedge.com/political/manchin-shuts-down-latest-plans-new-tax-hikes-climate-spending
Ipso
I did and was fine. That was almost 2 hrs of being stuck there. Moving one car length at a time then stopping again. I had a two bedroom time share up and they’d even set up fishing trips and other things there if I wanted to get away. I could go anytime for a small fee.
goldielocks
If you have power steering I don’t think you want to turn off your engine even if going slowly …
Ipso
I did that before coming down from Tahoe. Difference was there was a landslide and traffic was at a complete stop on only moving a car space at a time and got tired of turning the engine on and off. It is a hard pull even then and have to move slow in neutral.
That kinda ruined his day. Huh
Those bMWs are costly to fix anyways.
I checked with my daughters bike abd found a recall on the breaks that she never got the message. Her phone broke too so had to walk quite a distance to get help. I wouldn’t of known about it because she couldn’t call anybody but the police called me saying I was a nearest relative and asked if I knew where she was when they found the bike.
Good thing I found out when I let her borrow my phone til she got another that day she had a heck of a time typing on it so Im not alone.
Costs rising everywhere
Cost of expansion at Rio Tinto’s Oyu Tolgoi rises again
Rio Tinto (ASX, LON, NYSE: RIO) flagged on Friday a cost increase of $300 million for the ongoing expansion of its massive Oyu Tolgoi copper-gold mine in Mongolia.
The world’s second largest miner said the cost and schedule reforecast, completed in June, now pegs the total project cost estimate at $7.06 billion, almost $1.8 billion higher than its original estimate in 2015.
SIGN UP FOR THE COPPER DIGEST
The company blamed the rise on skilled labour supply constraints caused by covid-19 and noted the new estimate, under review by Oyu Tolgoi’s board, assumes there are no further disruptions.
Richard
I saw that before. I wonder why he did that add. It’s no like he needs the money.
silverngold
He almost was a contender! 
HUI down already
just 4 minutes in.
Still can’t hold even a small gain.