Loading ...Re rates
Agreed,…..they can’t raise rates v much….I forget whet the level is…I think 4 %….at that rate rate it will take all the governments income from tax, just to pay the interest on the debt. !!!!!!
If it wasn’t for the airline trip from hell I could get a free trip to Florida by someone who is aware of airline I took to another one instead to bring her designer fur baby dog to Florida. Another Californian expat had enough but has family there.
Commish
Schwab ..having a old age temper tantrums again? Maybe he needs some meds. But if he insisted start with his and his friends and family’s car, and any private boats and jets they might have. Climate change and the greater good. Also let’s limit square foot of housing per household. Cant have someone like him powering, cooling and heating a oversized house using up all that energy just for himself. No pesticides or nitrogen fertilizer on his yard. In fact it’s a waist of water for one person. It’s wasteful. I’d say he should add more bugs to his menu instead of waisting a whole animal just for him but geo engineering is killing them off two so maybe Gates can make him some fake meat.
Stunning
despite the rally in the metals, NEM is down. Unreal.
No doubt the metals will fade into the close.
The Plan?
Many theories are out there regarding how the Dems are going to get Biden out of the WH, but this may be the most realistic yet.
commish
The made pitchforks for that pig Schwab……and Lamposts.
@ ipso facto The Macho 3/4 point higher, plus the Macho Dollar on Highs Gold Looks Macho Too
In fact if they didn’t raise rates and the dopey/dollar was back around 80, Gold would probably be over $2200 easy. I think odds favor we start getting up leg from down here.
@ ipso facto Agreed I understood the point, it just got me thinking. I gotta stop that. LOL
My thoughts of the 1970s to 1982 rates 5% to 21%? I looked back at it like a person (or economy) is getting strangled, the eyes are bulging, and the victim near death, and the strangler releases the grip (drops rates) at the last minute and poor slob comes back to life and happy.
In other words, with the economy, its to create a “relief rally”
Mr.Copper
The point of it is that Biden and his pals are changing the generally accepted definition of “Recession” so that we won’t be in a “recession” and they won’t look bad in the midterms.
PS The check engine light …. got to be a bunch of BS half the time!
ipso facto @ 10:38 Re We Already Had About Eight Recessions Or One Long Term Depression Since 1970
The over all US Economy and living standards. And fake Gross Domestic Product numbers.
Just like a stock chart, there are many up-legs in a down trend, like a ball going down the stairs. The Economy goes up and up and up on the way DOWN with little fake booms and busts but overall, the country has been in a downtrend since 1975.
The photo you posted with the Iceberg named recession, should be named, “The Reset” or “The Last Big One” Elizabeth, or the “Last Blow Off Bottom” or “The End” of the past nonsense. And the beginning of a new USA.
So we COULD say, the USA had 8 great recoveries during a long great depression of 1970 or 1975. Nobody thinks what I think, and nobody says what I say on Financial Media. My info is original, not copied from anywhere or anybody. I’m brutally practical. And realistic.
The entire USA has been robbed, embezzled, that why Trump started to make America great again. Its not been great. Unless you are a tax absorber, on the receiving end of taxpayers. Gov’t subsidies, support grants etc. Or part of the Climate Change economy. Solar panels wind mills etc. And the auto mechanics??
Mine told me “It was a genius that created the Check Engine Light”. I heard they kept it in the north east because new car dealer service departments needed work. Sales and Service absorb wealth. Manufacturing CREATES wealth. Merry Christmas China et al. But its time to be happy. Because its all going to change for the better after we hit bottom, not 50 more years away.
Fed day today
so they could throw open Fort Knox and admit all the Gold is gone and that the Fed is short 300,000 tonnes…….the Gold price wud still not be allowed an uptick……
Rates down, USD down
no help…
Now that’s what I like to hear!
Why chocolate could be just as good for the heart as high blood pressure medication
https://www.studyfinds.org/chocolate-cocoa-high-blood-pressure/
Galantas Gold Enters Into Loan Agreement
https://finance.yahoo.com/news/galantas-gold-enters-loan-agreement-213000577.html
Probe Metals intersects 4.4 g/t Au over 15.4 metres in Expansion Drilling at Monique, Val-d’Or East Project
https://finance.yahoo.com/news/probe-metals-intersects-4-4-103000245.html
Karora Resources Closes Acquisition of the Lakewood Gold Mill
https://finance.yahoo.com/news/karora-resources-closes-acquisition-lakewood-113600947.html
Mayfair Gold Drills 1.40 g/t Gold over 65.0m from Fenn-Gib Expansion Drill Program
https://finance.yahoo.com/news/mayfair-gold-drills-1-40-120000048.html
Eskay Mining Discovers More VMS Targets and Commences Drilling at Scarlet Ridge
https://finance.yahoo.com/news/eskay-mining-discovers-more-vms-120000848.html
Musk Metals Announces Drilling To Commence on Its 100% Owned “Elon” Lithium Project in Quebec, Canada
https://ceo.ca/@accesswire/musk-metals-announces-drilling-to-commence-on-its-100
Benchmark Delineates Multiple New Drill Targets Adjacent to the AGB Gold-Silver Deposit
https://ceo.ca/@newsfile/benchmark-delineates-multiple-new-drill-targets-adjacent
Arras Minerals Acquires Five New Mineral Exploration Licences Increasing Its Total Land Package in Northeastern Kazakhstan by 70%
https://ceo.ca/@globenewswire/arras-minerals-acquires-five-new-mineral-exploration
Austral Gold Reports Encouraging Results at Casposo
https://ceo.ca/@newsfile/austral-gold-reports-encouraging-results-at-casposo
Leocor Gold Identifies 12 Gold Targets on the Hodges Hill Property; Follow Up Work Underway
https://ceo.ca/@thenewswire/leocor-gold-identifies-12-gold-targets-on-the-hodges
Metallic Minerals Announces Start of Drilling at La Plata Silver-Gold-Copper Project in Southwest Colorado, USA, and Extends Warrant Expiry
https://ceo.ca/@accesswire/metallic-minerals-announces-start-of-drilling-at-la
Monarch Produces First Gold Bar From Its Beaufor Mine
https://ceo.ca/@globenewswire/monarch-produces-first-gold-bar-from-its-beaufor-mine
Alistair write elegantly making the case for gold–I’ve read his work for the past 34 yrs.–but it just doesn’t matter
After the initial rush, dollars and other currencies are then sold for real money, which is and always has been gold.
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The BIS scheme for suppressing gold prices will be unwound while global currency debasement accelerates. It looks like a double-whammy is about to undermine global fiat currency world credibility. For now, it is the dollar that reflects the upcoming storm, like the weird fall in sea levels ahead of a tsunami. The collapse in the yen, euro, and pound, together with an increasing list of minor currencies collapsing, is like an approaching tsunami, when the sea level initially drops.
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Even Saudi Arabia has shown interest in aligning with the BRICS group, which in turn is aligning with the Shanghai Cooperation Organisation, which has in its membership all the EAEU nations. Saudi Arabia is important, because it was the Kingdom’s agreement with President Nixon which created the petrodollar. So, Mohammed bin Salman who now rules the kingdom politically, appears to be turning his back on the Nixon agreement to only accept payment in dollars for oil. That is the death knell for the petrodollar.
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And then there are the balance sheet considerations in the financially centric banking system. Rising interest rates are collapsing the availability of bank credit for maintaining the bull market in stock and bond prices. Just as a long-term bull market on the back of an enduring decline in interest rates has driven the expansion of derivatives, the end of that bull market is bound to lead to a contraction. And as commercial bank treasurers prioritise balance sheet reductions, those having a high supervisory factor, such as precious metal and commodity derivatives will attract their attention.
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The same happened in the last bank credit crisis, when Lehman failed, and every other US bank was rescued by the Fed. There was an initial flight into the dollar which saw gold prices fall. The problem facing risk-averse Keynesian-educated investors is their accounting of profits and losses is in fiat currencies. They must sell risky investments for cash in their currencies of account. And internationally, that is predominantly dollars which is why the dollar is usually a safe haven in the initial stages of a systemic crisis.
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After the initial rush, dollars and other currencies are then sold for real money, which is and always has been gold.
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Yeah, no surprise
Silver has had a lot of ground to cover if the ratio ever gets back to reality.
…historically, silver is extremely underpriced compared to gold.