I don’t think they can do it if the metals keep strengthening. Silver has been quietly rallying.
Morning maddog
I sure hope so. This has been the M.O. of the Demons for three straight administration. This and enriching themselves through public office.
If the PPI doesn’t sink us this am, I’ll be chasing…
edit: Retail Sales miss, PPI misses buy a lot, NY Fed manufacturing survey = -24.6. Rest in peace. These are good enough to keep our rally in tact. Surprise, not helping the SM. Bitcoin is soaring
Buygold
Re SVB……maybe we are seeing the beginning of the end of the scum…..Useing taxpayers dollars to bail out a Dem bank, will not play well…..people will soon start lifting the hood on such operations….
Dam just broke
Gold popped for $10 in the last couple of minutes, busting right thru $1920
Silver now up 1.4%
A beautiful thing… 🙂
Goldielocks
We don’t day trade such stox….but as Redneckokkie2 says it has a picture perfect Cup and Handle…..with Volume confirmation….plus it needs a good rally to bring the Divi down, to sane levels…..
Credit Suisse, Rates
Looks like Credit Suisse will be the first Euro bank and likely the next earthquake.
Just saw the 10 yr. down 15 bips! The 2 yr is down 20 bips! Nice tailwind for us, we’ll need it today. OTOH, the USD is up almost 1%, following the bid in bonds. Let’s hope rates win out.
PPI coming out in an hour. It should move markets.
Oil now giving up the goose, down almost 2%, testing the $70 mark.
Here is the COT Report from Feb. 28th, still 3 weeks behind. A little more action in this report.
CFTC Commitments of Traders Report – CMX (Futures Only)
Finding out more about SVB
Apparently, in addition to making stupid investments, it appears that they were home to a vast network of Democratic donors. They also contributed millions to BLM and affiliated groups. That means they have been a source of funding for Antifa. It takes a lot of money to organize groups like that with paid agitators.
Democrats have been waging war against the American people and taxing us for the priviledge to do it!
SM continues to fall – down 500 pts., Europe is ugly across the board. When I got up DOW futures were down 300, now down 540 and falling. Commodities are mixed, copper is down almost 3%
Gotta think there’s more rot beneath the surface and the SM is reflecting it. If this is a crash, and we can maintain or gain a bit during the day, we’re in good shape.
0625 EST – Let the games begin
I actually slept better last night for the first time in a while.
So, we’re up a little this morning. Impressive considering the USD is up .40% and the SM futures are ugly and falling.
PM shares dipping with the SM in the premarket, although nothing too scary. Haven’t see rates but I imagine they are up a little as well.
Looks like a pretty good setup to me.
Gold Train
Six big streamliners, all in a row
https://railpictures.net/photo/809851/
Alleged peek at Ft. Knox
No worries… the gold is all there. Or… is it tungsten?