Loading ...I think the Turn in the Dollar and Rates will drag PM’s along with it, until short covering fires a serious rally….as of now, PM’s are still being shorted, hence the poor action in the shares.
Another reason not to vote for the Democrats!
CDC’s Child Vaccine Move Puts Dem Candidates On The Hot Seat
The CDC just made the closing weeks of 2022 campaigns a lot more volatile for some shaky Democrat candidates, especially for incumbent, pro-mandate Democrat governors like JB Pritzker, Kathy Hochul, and Gretchen Whitmer.
Why?
Well, the Centers for Disease Control and Prevention just delivered a stark rebuke to America’s parents. In a unanimous decision, its Committee on Immunization Practices voted to add COVID-19 vaccines to the regular immunization schedule for all children, starting at the age of 6 months old.
Clearly, American parents do not concur, as a mere 3.5% of parents have injected their babies and toddlers, aged 6 months to 5 years old. For school age children, a recent Kaiser Family Foundation study shows that only one-third of children aged 5-11 have received at least one shot.
https://www.zerohedge.com/political/cdcs-child-vaccine-move-puts-dem-candidates-hot-seat
Buygold
Yeah let’s have a nuclear war instead of a negotiated settlement! Most of the lawmakers have their heads up their asshol*s!
PS The number of state pensioners in CA who receive over a $100K yearly is humongous!
Maya, goldie re: pomegranate
Thanks for the info.
Ipso – Ha! They have zero conviction
“Progressive” Democrats Formally Retract Call For Diplomacy As Ukraine War Hawks Steamroll Dissent
Fellow Dems “furious” over the letter…
Yeah Ipso, me too
I agree, it’s absolutely stunning that they can’t identify with everyday people. Most of them are mentally ill idealogues I guess.
Can only hope that this is a red tsunami. We have got to reduce the size of Gov’t. there are just too many gov’t employees and unions voting for their own interests.
I don’t trust Kevin McCarthy, but he is saying the right things. Yesterday he said getting rid of the 87K new IRS agents was priority one among other things. He better perform.
Buygold @ 13:46
I’m so sad about AOC! LOL The Democrats don’t realize that the main concerns people have are feeding their kids and keeping a roof over their heads.
Maddog
A point of contention between our founder and I … Bless his Soul. 
PM shares not a huge gain but not bad today …
Maddog – I see
So, you meant a turn for everything but pm’s. 🙂
Saw a guy on FOX business talking about things that do poorly as rates rise, he mentioned selling gold and gold miners. He was in his 30’s. I’m in my 60’s and still haven’t learned that yet.
Looks like a major turn for Bitcoin too. Up 5%
Wuff Wuff Roger that, I regret not buying those tankers early October
I’ve been watching the Dow SnP rally. Instinct and Kentucky windage, it may peter out, then we switch to QID and TZA short ETFs, with s/t play money. I know, we all hate ETFs. But what the hell. LOL. I made some money on TZA as the indices dropped, and put it into long Silver AGQ etf.
Another thing that might jump up if the general market drops are SOXS and TECS shorts on tech and chips rally going on. But we have to keep in mind, the Fed may be turning tail, and start that QE thing again. I don’t feel sorry for those democrats running the Fed, they are as dumb as a stump.
Mr.Copper
Nice call…Nat Gas is plus 15 % last two days..!!!!!
Buygold
I should have been more specific…not just a Major Turn in PM’s…but in Dollar and Rates, as well…PM’s likely to be dragged along initially, then hopefully short covering will kick in..as of now, they are still happily shorting every rally.
“Nat Gas Bottom Today” I Texted to My Trader Friend Friday.
BOIL up 20% UNG up 15% three trading days. For short term plays, extreme lows are a no brainer really. Extreme highs too, look out. June 2021 all of our PMs were on the moon.
https://finviz.com/quote.ashx?t=BOIL&ty=c&ta=1&p=d&tas=0
https://finviz.com/quote.ashx?t=UNG&ty=c&ta=1&p=d
https://stockcharts.com/freecharts/perf.php?BOIL,UNG,UNL,GAZ&n=219&O=011000
Waiting for these tankers to take a drop.
https://stockcharts.com/freecharts/perf.php?TNK,INSW,TRMD,ASC&n=78&O=011000
Ipso
I have to think that change in the hearts of those Dem politicians has to do with AOC getting shouted down at her local town hall. They really gave her a ration.
Maddog – this doesn’t seem like a major turn to me. We’re barely up and just because the SM is up.
Believe me there’s nothing more that I’d like to see, but this sucks considering rates down 15 bips and the USD down a full 1%
Couple hours left so maybe we get a bump, but if the SM pulls back it’s all over IMHO
Mr Copper
One our Sunday papers, did a hatchet job last weekend on Faceplant….Seems TickTok is eating their lunch and meanwhile instead of trying to answer that threat Fuckerberg is obsessing with creating the Metaverse, despite the fact that no-one else gives a damn.
Faceplant also has huge problem, in that the youth, think it is for their parents/grandparents….plus a good chunk of the whole world wud love to see Berg fail.
Ipsofacto
Understood…..although yr Founder never seemed to care and it is partly in his memory, that such a fine idea, should not be forgotten.
Cheers
Have any of you seen a Facebook chart lately?? Down 64% Geez
A Lot of Big Smart Millionaire Bulk Money was plowed into that thing, and by the masses. Can you imagine how much as they laddered up, buying on highs, on it while it was climbing? Many buying the dips too??
https://finviz.com/quote.ashx?t=META&ty=c&ta=1&p=w
I don’t know about you guys, but my PMs collection bottomed out on Sept 26 and up 12% today.
Massive US Dollar Shortage Driving Global Instability,
“You have to understand what the Fed says in public is not what it says in private. You look at some of the academic studies, the literature, they know they have no idea what they’re doing. But their job requires them to tell the public that they do.”
Jeff Snider is co-host of the Eurodollar University podcast and Head of Global Research at Atlas Financial Advisors. In this interview, we discuss the crazy possibility that nobody knows what money is, and as a result, nobody knows how to run or fix the economy. Central banks and governments are essentially engaged in a high-risk game of pretend.
– – – –
Every year around 800 million containers (categorised as Twenty-foot Equivalent Units, TEUs) are handled by ports every year. This represents around 80% of official global trade. Harvard has produced an incredible visualization of total global trade. They have populated the globe with the origin of exports of every type of product. Each tiny dot represents $100 million of exports. The globe is covered in a mass of tiny dots.
This complex, interconnected and shadowy web of global trade, where final products, intermediate inputs and raw materials are exchanged on a massive scale, represents about 50-60% of global GDP. The rest is made up of all kinds of activities, business investment, personal consumption and government expenditure.
The IMF predicts that the combined GDP of the world economies will exceed $100 trillion by the end of 2022. However, this is dwarfed by global wealth, which is estimated to be over $1,500 trillion. To put these numbers into context, US debt is currently estimated to be over $31 trillion, whilst global debt is reckoned to be over $300 trillion. Global finance, which helps manage and fuel global trade and debt, is expected to be valued at $25 trillion this year.
These are obvious gigantic numbers. Yet, these figures aren’t the thing that should give you pause for thought. What should stop you in your tracks is that nobody really understands the workings of this complex system, let alone is in control of the resultant global economy.
Most of the global trade is conducted in Eurodollars, which is money generated outside of any control of the US or the nexus of other countries’ Central Banking/Government institutional structures. Eurodollars are not understood by the major actors involved in oversight or management roles affecting global economics. That is why nobody knows how to fix the issues with the global economy. It’s because nobody knows what money actually is.
Comment:
I assume you all know, the high Dopy/Dollar makes imports a LOT cheaper, good for resellers, and very bad for the US prosperity, as we all witnessed after 1971 gold backing removed.
On the opposite side of that, non US foreign countries have to pay a LOT more for imports. So they won’t be buying much from us. And possibly start cranking up their OWN production to glean lower costs by making there own.
On top of all that the USD and Chinese Yuan are very pegged. So to me it looks like the USA and China were A, and everybody else was B, and the whole ball of intermingled CRAP is getting sick. Hopefully it will die soon. I’m optimistic for the future if it happens.
The father of our country left instruction sheets behind, “Avoid Foreign Entanglements” Same as on your block. Each family and house is independent and self reliant.
Maddog
I’m paranoid about threatening public officials here on the site … even if we think that would be justice for some of them. 
As far as PureGold goes. That was a kick in the yarbles!
Ipsofacto
Re Pure Gold
They need the scum to be swinging from Lamposts…..
A driblet of sanity or all politics? Voters don’t like to contemplate nuclear annihilation.
30 House Dems Urge Dramatic Shift In Biden’s Ukraine Policy: ‘Get Serious About Diplomacy Or Risk Nuclear Miscalculation’
scum really leaning on PM shares
Desperate to make this move look false….but with Rates so over bought and the Dollar turning…this looks a major turn
A sad story. They need a white knight!
Pure Gold places Ontario mine on care and maintenance due to cash constraints, stock crashes
Pure Gold places Ontario mine on care and maintenance due to cash constraints, stock crashes
Morning Buygold
Considering I was hoping at the start of the day that we wouldn’t be down too much, our market looks pretty good!
Like you say … maybe we get some more steam as the day goes on …