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Shux, looks like the Chinese decided to join us for breakfast

Posted by Buygold @ 6:24 on September 5, 2024  

$2500 in the rear view mirror this morning. Silver up near 2%. This is unexpected. No big move in the dollar, although tilting downward. SM trying to bounce back some this morning without much success and is flat.

Bitcoin down 2% (huh?) Oil up a little but below $70. Rates flat. PM shares firm but not crazy up.

It’s very early and there’s a lot of eco data this morning at 0830 EST. Hard to see that having too much of an impact, but you never know.

We didn’t capitalize on the move down in the dollar yesterday, so maybe this is make-up action. Regardless, looks good to me for now.

Maddog

Posted by goldielocks @ 6:19 on September 5, 2024  

BTW Maybe the same for Nivida. Someone put out a statement that they were getting subpoenaed by the DOJ for antitrust issues. They were leading the tech stocks as far as I know. They wondered who would do that to them. Cost of doing business in the states with this administration. Something going on with Google too. It’s like someone is attacking the tech leaders.

Madog

Posted by goldielocks @ 6:01 on September 5, 2024  

Yes I’m aware of him and his micromanaging dictatorial ideations that were so out there that even the demos didn’t give him enough votes for him to run when he probably thought if Trump could run for president so could he and might now have a personal grudge against him imo. It looks like he sent out his flying monkeys for mischievous political monkey business.

I wonder who was behind Reuters?  Maybe they can sue them for a tort that interfered with their business putting out false statements that resulted in a financial damage.  They may not be able to prove they did that to influence the election and as they would say interfering with ” democracy” but that it caused them a financial loss.

goldielocks

Posted by Maddog @ 3:22 on September 5, 2024  

Re Bloomberg

Bloomberg himself is a hopeless globalist/Davos freak….and all the major news aggregators, like Reuters and AP are also captured……though what Reuters did to Oil this week is almost a new low, when they put out those false reports about Opec increasing production this year……

Ps

Posted by goldielocks @ 0:28 on September 5, 2024  

I don’t know if you noticed but there’s people wall street that are suddenly starting to politicize the SM, particularly Bloomberg News that’s not fooling me anyways with their little comments that are leftist leaning towards comrade Harris who’s about as economic as a post Turtle. Whom ever it benefits, China, India, oil countries,  it won’t be us. I don’t know if they can put any pressure on the Fed or not.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.