Loading ...Real estate may have barely kept up with inflation but wages sure haven’t. The average family just doesn’t make enough to pay the current mortgage rates on a $600,000 dollar house.
The inflation spiral destroys societies. We’ll see if it destroys ours.
I haven’t checked that CNN story…but even if not true, as u say the whole story is riddled with so many glaring inconsistancies , that one has to believe the worst.
Great close for Gold…..those shares have to start beleiving soon.
AEM beats by $.16 – $1.07 vs. .$91 est. – Stock up a little 1/2% AH
KGC in-line $.14 vs. est. of $.14 Stock down 1.2% AH
Moral of the story so far, you better beat!
At another site yesterday, there was a discussion of minimum wages.
I recalled that my first real job paid $1.25 per hour.
We had silver as money then.
Today, that silver equivalent would be over $30. per hour.
Also, here’s a well spoken review of America today.
That could be because too many people just using cash. In reality, houses barely keep up with inflation because on average everything costs 20 times more. So all those old $40,000 houses should be $800,000. Plus many young people get the money from their parents.
It’s a tangled web we weave.
Chuckle
They are selling the SM down here in the last hour. DOW has lost 300 pts. in the last 10 minutes or so. QQQ’s about the same.
PM shares a little softer, but not the metals. Gold is is getting closer to the last high, where we’ll no doubt hear screaming of a double top!!! 🙂
Strong close for us if it holds for the last 25 minutes. Getting stronger as the SM comes raging back. Still no major volume though.
Wonder how big a deal this escalation of the war with Israel and now Hezbollah is to our prices?
They didn’t cut and I don’t know what Powell said but it sounds like he guaranteed a cut in September, so the SM is going ballistic and that makes it OK for pm’s to go up to a lesser extent, but still decent.
I’m always skeptical anymore about everything pm and standard operating procedure is for them to take us down tomorrow and certainly on Friday with a rigged jobs report.
We will see. Hopefully we’ll keep going. The dollar is weakening into the close.
I didn’t know that about CNN. Is there really any doubt this was a demon/government/Globalist hit? Same people that rig our pm’s.
It’s manufactured, it was an assassination attempt by these very same people. They were 💯 sure it would be successful and the news cycle would immediately go from Trump’s death to “who will replace him” and chaos in the party. Much easier to sweep under the rug.
Now they are trying the same old tactics, covering up everything, that he was a left wing tranny, communist who was paid by BlackRock, trained and/or aided by someone in the government, and was provided encrypted overseas accounts.
We can no longer allow these people to run our government. Period. They need to be removed, no matter what it takes.
I have my doubts we’ll ever get the truth but the evidence is so overwhelming that this was allowed to happen – including new video evidence – that I don’t see how they don’t get to the bottom of it. Trump sure as hell should if he gets in. I just don’t see how they can let him in.
I’m with u on Trump……he has still to be elected, so cannot go whole hog yet…..what he does once in the Oval Office , is another thing….plus one doesn’t know what may be exposed about the Blob/Dems, before the election…eg that asassination….
I read ystdy that CNN has not covered any Trump Rally since 2016…when a few of it’s very few viewers accused it of helping Trump win in 2016, by covering his Rallies……but they were at the Butler Rally !!!!!!
I part with you on Trump. He may toe the line with Israel, but not much else. He can’t unilaterally get rid of the Fed, it was a Constitutional Amendment. It will take two-thirds of the Senate and states.
If by “assassinated for real” you believe it was faked, I’d like to know why and how. A guy died and others were injured.
We’ll know just how far he’s willing to go when we see the cabinet members, but so far Vance is solid.
I’d hope Trump has learned and his number two makes it more difficult to kill him. If he gets in, I think he will go after people, how far up the food chain is anyone’s guess. Problem is still going to be getting him in office. We live in Venezuela right now.
This little rally is easily manageable if the Fed is hawkish. They’ll dump us below $2400 in a nanosecond. Dollar coming back.
I just sold my AGQ and the miner I bought in May for a profit of $1,674, and my gain loss ratio is now 86%.
No, I don’t think things will change until the rich joo families are put in their place.
That could happen if there is a wide spectrum hyperinflation event.
They know that but it appears they may have lost control.
Everything is crossed.
Cheers
Oh yes – I also think the Fed babbles hawkish today too – that was the point of putting out all the BS strong numbers recently.
Do you think a Trump election will change everything?
I suspect the Fed will speak a little hawkish today because there is no improvement in lower prices of inflation hedges like stocks and real estate and Gold and Silver too.
Like I said – until they end the free money machine (Fed) – nothing will change.
Cheers
I’m thinking it may be negative and I should sell some miner I bought in May with 8% profit on it. Plus maybe I should sell the silver AGQ with $358 profit I bought two days ago.
Who knows, USA might be considered an independent nation again, like Iran Cuba and North Korea etc. We will be a rogue nation, not cooperating with global influences. It sounds good to me.
Nice days work.
Does look like NVDA is rolling over as are the QQQ’s – albeit slowly
If Trump is allowed to win – he will tow the line as well or be assassinated for real.
If he doesn’t end the Fed, it’s all Kabuki Theater.
Let’s see how long the opposition in Venezuela remains alive.
The commies are ruthless.
Cheers
Seems to me a lot of the juniors have cashed up recently. If they haven’t they better do so. Tight money is a real problem if you have to borrow and sell shares to stay in business!
Cheers
“earnings” That’s our last best hope for the PM shares. Doesn’t seem like if they’re making good profits that they could continue to “wallow!” So let’s see some outstanding profits!
I would suspect if Trump wins the global media would call Trump a commie and put sanctions on the USA because thats what they always do when someone gets elected that they don’t like.
