Loading ...Dollar is pausing because ” this isn’t a game IMO” with the consequences anyways due to inflation.. just saying. Apparently there’s betting going on about the Fed not only lowering interest rates but even bigger than people are expecting. I’m going to LAMO if there is no rate change.
Reason for the dollar down today
The dollar dumped a bit yesterday, looks like the “JOLTS” job offerings missed by a country mile this am – by over 400K.
Couldn’t figure out what the deal was with the dollar all of a sudden, rates fell too by another 8 bips.
Oil closed at $69.25, first time under $70 in a while. Regardless of what they say, this world is awash in oil. If Trump wins, our production will force prices much lower.
Jobs report on Friday. Always a fun time. 🙂
FWIW…
TF Metals Report features Jim Willie.
Interesting overview of it all.
https://www.tfmetalsreport.com/podcast/12820/jackass-cometh
Giving us the SM treatment
easy for them to tie us to the SM regardless of the dollar. There’s absolutely no buying (or selling) coming in. So weird to me. Really thought we’d see an uptick this week. Just a trickle. No volume in the QQQ’s either.
It’s like the markets are on autopilot, not even real.
Maddog – re: Tusk. It’s a shame that we have these elites that are just pure evil. It’s also a shame that they have enough control of people in governments willing to carry out their plans. What if everyone just said “no”? Not going to war, not doing your regulations, etc., etc. Almost as if there’s a spell over the masses.
Maddog
LOL I hope so! I hope he has nightmares about being buried in an underground room with devils visiting and stabbing him with pitchforks. There is no hell painful enough for him!
ipso facto
Re RFK Jr
I bet he is the last thing Fauci thinks about at night and the first, when he wakes up…..
They put chains on the big three
NEM, GOLD, AEM. GFI not helping either.
They look to keep the HUI pinned. Actually the shares in general aren’t saying much about direction.
Still no volume.
Dollar taking a header
Wondering if that little counter-trend rally has about run its course.
My gut says this Yen unwind has a ways to go.
Scum going to have to keep the pressure up on pm’s for awhile I think.
RFKjr
The CDC recommends THREE Pfizer Covid shots for babies by age 9 months. These shots are unsafe and ineffective, especially over the long term. And babies are at near-zero risk from Covid. So whose benefit is the CDC serving here?
Re SM
With China unable to get off the floor and yr election looming,……the SM is very vulnerable here….as many will want to take some off the table in front of the election, after making so much on the AI run……
Logic and history says PM shares should benefit …but the Algo’s are so well trained to follow the SM…we may suffer as well…..
Buygold
Re Poland the new PM Tusk is a 1000 % globalist, and EU lover….why they elected him I have no idea…but he will cause no end of trouble…that said with France and Germany moving right fast and Melonia in Italy….sanity may well emerge…..
Buygold @ 9:23
I totally agree! The whole Ukraine war is a pointless travesty. Corruption and arms maker profits are the only reason I can see for it continuing. The psychopaths in charge don’t care how much death and misery they cause.
“Poland” I don’t really understand some of their moves. Death wish?
Morning Ipso
What’s up with Poland? Outside of the US & UK, they seem to be the most hostile country toward Russia. The only sane country over there is Hungary.
Can’t believe anyone even cares about this war except the elites and money-grubbing politicians. Complete sadness and insanity. All these lives are worth nothing to these people.
Single biggest attack on gathering of cadets since war began…
Another step towards nuclear annihilation
Poland Says It Has ‘Duty’ To Shoot Down Russian Missiles, NATO Leadership Warns Against
Look better than we did in the overnights
With silver actually flipping positive and holding the $28 area. Gold down a couple bucks but was down $18 at one point last night.
Shares down a little premarket on a hangover from yesterday, and still weaker with the SM.
Oil has come all the way back to positive, was below $70 at $69.30 at one point. Bitcoin still down 1.8%
Everything hinges on whether the SM can come back. Another miracle today, or do stocks continue to get flushed? Yen up slightly against the dollar.
Dollar starting to slip a little. We might have a chance for some gains today. “Feels” like they’re going to bring the SM back.
AbraSilver Completes Environmental Impact Assessment (EIA) for Diablillos Project
https://ceo.ca/@thenewswire/abrasilver-completes-environmental-impact-assessment
North Peak’s Hole #22 Intersects Good Width and Grade Next to Historic Chicago Mine, 56.4 g/t Au over 1.5m (5ft) within 23.1 g/t Au over 6.1m (20ft) included in 7.0 g/t Au over 27.4m (90ft) from Surface; Hole #21 Returns 1.49 g/t Au over 53.4m (175ft) from Surface
https://ceo.ca/@newsfile/north-peaks-hole-22-intersects-good-width-and-grade
NEVADA KING ANNOUNCES COMMENCEMENT OF GEOPHYSICAL SURVEYS AT ATLANTA
https://ceo.ca/@newswire/nevada-king-announces-commencement-of-geophysical-surveys
OUTCROP SILVER’S EXPANDED 2024 EXPLORATION FOOTPRINT LEADS TO MULTIPLE NEW TARGETS AT SANTA ANA
https://ceo.ca/@newswire/outcrop-silvers-expanded-2024-exploration-footprint
Sixty North Gold Mining Reports Initial Assays Return High-Grade Gold Values up to 62.6 gpt from the A-Zone and DD-Zone
https://ceo.ca/@newsfile/sixty-north-gold-mining-reports-initial-assays-return
Goliath Resources To Raise $7,366,750 By Way Of Non-Brokered Charity Flow Through Financing at $1.975 And Strategic Singapore Based Global Commodity Group Buying An Additional 1,600,000 Shares Increasing Ownership To 3.6%
https://ceo.ca/@globenewswire/goliath-resources-to-raise-7366750-by-way-of-non-brokered
Lake Victoria Gold Announces Submission of Final Documentation for 10-Year Renewal and Transfer of Imwelo Mining License
https://ceo.ca/@newsfile/lake-victoria-gold-announces-submission-of-final-documentation
Gold79 Announces Merger with Bullet Exploration Creating a Stronger Southwest U.S. Gold Explorer
https://ceo.ca/@newsfile/gold79-announces-merger-with-bullet-exploration-creating
American Pacific Reports Results from First Drill Holes at Madison: Including 38.25 Metres of 1.28% Copper and 1.22 g/t Gold and 32.71 Metres of 3.15 g/t Gold
https://ceo.ca/@newsfile/american-pacific-reports-results-from-first-drill-holes
Aya Gold & Silver Reports Zgounder At-Depth High-Grade Drill Results
https://ceo.ca/@globenewswire/aya-gold-silver-reports-zgounder-at-depth-high-grade
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt
https://ceo.ca/@globenewswire/mawson-finland-limited-expands-known-mineralized-zones
Eloro Announces Restart of Definition Diamond Drilling on the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Southwestern Bolivia
https://ceo.ca/@globenewswire/eloro-announces-restart-of-definition-diamond-drilling
Bunker Hill Provides Corporate Update
https://ceo.ca/@globenewswire/bunker-hill-provides-corporate-update-48f4f
Alamos Gold Expands High-Grade Mineralization at Puerto Del Aire and Defines Multiple New High-Grade Zones at Cerro Pelon Supporting Significant Upside Potential within the PDA Project
https://ceo.ca/@globenewswire/alamos-gold-expands-high-grade-mineralization-at-puerto
Meridian Reports Further Broad Shallow Zones of Mineralization at Cabaçal Including CD-535 – 21.6m @ 3.1g/t AuEq / 2.1% CuEq from 85m
https://ceo.ca/@accesswire/meridian-reports-further-broad-shallow-zones-of-mineralization
Headwater Gold Acquires Two Additional 100% Owned Epithermal Vein Projects in Northern Nevada
https://ceo.ca/@thenewswire/headwater-gold-acquires-two-additional-100-owned-epithermal
Bravo Extends T5 Copper-Gold Mineralization Over ~200m of Strike
https://ceo.ca/@newswire/bravo-extends-t5-copper-gold-mineralization-over-200m
Arras Minerals Commences Drilling at Elemes Project and Provides Exploration Activities Update from Kazakhstan Projects
https://ceo.ca/@accesswire/arras-minerals-commences-drilling-at-elemes-project
Foran Announces Assay Results from Tesla Expansion Drilling and Newly Identified Gold Zone
https://ceo.ca/@newswire/foran-announces-assay-results-from-tesla-expansion
P2 Gold Announces Upsizing and Closing of First Tranche of Financing, Debt Settlement and Option Grant
https://ceo.ca/@newswire/p2-gold-announces-upsizing-and-closing-of-first-tranche
Blackrock Silver Announces Positive Preliminary Economic Assessment for Its Tonopah West Project in Nevada; 8.6 Million Annual Production at AISC $11.96 AgEq Per Ounce; After-Tax IRR 39%
https://ceo.ca/@newsfile/blackrock-silver-announces-positive-preliminary-economic
West Red Lake Gold Provides Madsen Mine Restart Activities Update
https://ceo.ca/@globenewswire/west-red-lake-gold-provides-madsen-mine-restart-activities
Visible Gold in Three Drill Holes – Sampling and Shipping Update
https://ceo.ca/@thenewswire/visible-gold-in-three-drill-holes-sampling-and-shipping-9f5cd
Sienna Almost Doubles Acreage of Stonesthrow Gold Project in Saskatchewan Bordering Ramp Metals Inc
https://ceo.ca/@newsfile/sienna-almost-doubles-acreage-of-stonesthrow-gold-project
Centamin PLC Announces Doropo Gold Project Definitive Feasibility Study
https://ceo.ca/@accesswire/centamin-plc-announces-doropo-gold-project-definitive
Electrum Discovery Corp. Announces Expanded Copper Gold Target Area and Commencement of Trenching at Timok East
https://ceo.ca/@thenewswire/electrum-discovery-corp-announces-expanded-copper
Osisko Mining Obtains Interim Order for Plan of Arrangement; Update on Special Meeting for Gold Fields Transaction
https://ceo.ca/@globenewswire/osisko-mining-obtains-interim-order-for-plan-of-arrangement
Golden Horse Minerals Continues Regional Consolidation Strategy at Southern Cross Ahead of Proposed ASX Listing
https://ceo.ca/@newsfile/golden-horse-minerals-continues-regional-consolidation
NevGold Announces First Tranche Closing of Convertible Securities Financing of up to C$8 Million
https://ceo.ca/@globenewswire/nevgold-announces-first-tranche-closing-of-convertible
Argonaut Gold Announces Mandatory Redemption of Convertible Debentures
https://ceo.ca/@newswire/argonaut-gold-announces-mandatory-redemption-of-convertible
Austral Gold Provides Operational Update
https://ceo.ca/@newsfile/austral-gold-provides-operational-update-013b8
Austral Gold Reports a Delay in Filing 2024 HY Report
https://ceo.ca/@newsfile/austral-gold-reports-a-delay-in-filing-2024-hy-report
Orestone Options Copper Gold Porphyry Systems in Argentina
https://ceo.ca/@newsfile/orestone-options-copper-gold-porphyry-systems-in-argentina
Elevation Gold Announces Sale of Hercules Property
https://ceo.ca/@newswire/elevation-gold-announces-sale-of-hercules-property
Yukon Metals Announces Positive Results of up to 14.1 g/t gold and 4,260 ppm copper from Surface Rock Chip and Soils Sampling up to 0.99 g/t gold at its Birch Property
https://ceo.ca/@globenewswire/yukon-metals-announces-positive-results-of-up-to-141
G2 Expands New Gold Zones at OKO – 57.5m @ 4.3 g/t Au, 38.2m @ 3.4 g/t Au & 69.5m @ 1.9 g/t Au
https://ceo.ca/@globenewswire/g2-expands-new-gold-zones-at-oko-575m-43-gt
TONOGOLD Enters into a Definitive Share Purchase Agreement to Acquire Jag Minerals Pty Ltd
https://ceo.ca/@accesswire/tonogold-enters-into-a-definitive-share-purchase-agreement
DFR Gold Inc. Announces Exploration and Financing
https://ceo.ca/@newswire/dfr-gold-inc-announces-exploration-and-financing
EDM Signs Letter of Intent to Sell a Portion of Its Planned Annual Silver Production to Silver Crown Royalties
https://ceo.ca/@newsfile/edm-signs-letter-of-intent-to-sell-a-portion-of-its
Cerro de Pasco Resources Announces Sale of its Santander Mine
https://ceo.ca/@globenewswire/cerro-de-pasco-resources-announces-sale-of-its-santander
Independence Gold Intersects 11.00 Metres of 6.14 g/t Gold and 59.64 g/t Silver in the Ted-Mint Vein System at the 3Ts Project, BC
https://ceo.ca/@newsfile/independence-gold-intersects-1100-metres-of-614-gt
Decade Has Initiated Work at Del Norte
https://ceo.ca/@newsfile/decade-has-initiated-work-at-del-norte
VIZSLA COPPER EXPANDS DEERHORN GOLD-COPPER DEPOSIT WITH AN INTERSECTION OF 1.16 G/T AUEQ OVER 86.0M
https://ceo.ca/@newswire/vizsla-copper-expands-deerhorn-gold-copper-deposit
StrikePoint Acquires Hercules Gold Project in Nevada’s Walker Lane
https://ceo.ca/@newsfile/strikepoint-acquires-hercules-gold-project-in-nevadas
Revival Gold Restructures and Extends Beartrack Earn-In Terms
https://ceo.ca/@globenewswire/revival-gold-restructures-and-extends-beartrack-earn-in
No more free interest in Japan’s housing
Suggestions of more increases in the future. Prepare for a rocky landing and Tech stock troubles. Might explain Buffets move to cash.
Turmoil from the yen carry trade unwind could continue anew, according to SocGen
Analysts pointed to Japan’s central bank, which looks ready to keep raising interest rates.
A further unwinding of the yen carry trade could dent enthusiasm for US tech shares, SocGen said.
The stock market’s chaotic yen carry trade unwind that fueled the worst sell-off in two years in August may not be over, according to Societe Generale.
The European bank pointed to the likelihood that Japan’s central bank would continue to raise interest rates, a development that rocked markets in early August.
Investors panicked after the Japanese central bank issued a surprise rate hike in late July. The move sparked an unwind of the yen carry-trade, a popular strategy in which investors borrowed money at ultra-low rates in Japan to deploy in other assets, like US stocks.
The effects of that sell-off have subsided, with the major US indexes more than recovering their losses over the past month. But more turbulence could lay ahead as rates in Japan look poised to “normalize” after decades of deflation, according to SocGen global strategist Albert Edwards.
Japan’s economy is also flashing promising signs that another rate increase is in order. Wage growth in Japan just surpassed wage growth in the US for the first time in over two decades, Edwards noted,,, more
https://ca.finance.yahoo.com/news/stock-market-chaos-sparked-yen-011315026.html
Buygold
From what I heard they raised interest a tiny bit and the carry trade give mes with no interest had a meltdown and I think it reversed which stoped the panic. Question is would they do it again, I checked the Vix, it did move today. Powell also spoke about a likely recession coming today, I posted it. Michael Pento was right when asked if they spoke of lowering interest rates if the market would go up but he said it will probably go down. It would signal troubling times but thinks lowering rates is wrong as far as bringing back inflation to the likes we never seen and I agree, we already have inflation people are struggling with what do they want a recession and inflation, stagflation but worse with these lunatics in office. That once he gets started he’ll probably keep going. At some point with inflation out of control even raising interest rates won’t help. No body’s gonna believe he can fix things anymore. What ever is happening with rates well be the last to know so watching the Vix will help. I didn’t check them all but some food related or agriculture stocks moved up too. I didn’t check ammo lol but should.
Hey Goldie
Yeah, a Yen carry break might be a big deal. Markets are down around the world, a sea of red tonight. Interesting that Asia is taking the biggest hit with Taiwan and Japan down over 4% each.
Oil is under $70, Bitcoin down another 2+%. Gold faring better, down $9.
Almost looks like the plug is being pulled worldwide.
If the elites are in trouble, no doubt they’ll attempt to take down the world financial system. Problem, reaction, solution. Every time.
The only thing I see still standing is US bonds.
Buygold 19:55
Thanks for that. Remember this early August the sudden drop in the market. That was because of a increase in interest of a tiny bit affecting borrowing cheaper yen to buy stocks with the carry trade. So if that’s what’s going on and why it’s going up it’s significant. Stock market ideas they get so they don’t have to trade with their own money like margin can screw it up for everyone royally if it turns against them fast. Keep a eye on the Vix.