Trump has petitioned the supreme court to fire Powell. This sites kinda annoying with popups but has the detail and reasons.
Maddog @ 21:49
That sounds like just the thing!
Of course we know what’s actually gonna happen to those guys …. nothing, nothing at all.
Cheers
ipso facto
If the Fed does do a bail out of Basis traders, then close down all the trading houses involved and take all their assets …and take all the individual assets ….. leave them at the side of the road, in just their under clothes and nothing more.
Once again the taxpayer will pay for the speculations of the banks
Fed Preps $2T Bailout as Hedge Fund Trade Implodes
ITM Trading’s Taylor Kenney breaks down how hedge funds like Citadel and Millennium—leveraged up to 10:1—are being forced to unwind risky trades that once seemed safe. But as volatility spikes and liquidity vanishes, Treasuries are being dumped en masse, sending yields soaring and swap spreads collapsing.
The Fed now faces a brutal choice:
Print $2 trillion to bail out Wall Street
Or risk a complete breakdown in the Treasury market, the backbone of global finance
https://www.zerohedge.com/news/2025-04-09/fed-preps-2t-bailout-hedge-fund-trade-implodes
Buygold @ 17:19
I don’t think Jim Sinclair ever really benefited from his mine. This is just my impression … I think a new regime came in and messed up his arrangements.
Maddog 15:40
Swiss banks are still more protected than people think when it comes to hiding dark money like UBS.
Maddog, Ipso
I do remember Sinclair talking about the Swiss currency years ago, but I sorta left it there. Pretty tough to trust any banks in the EU or U.S. Probably banks anywhere because they all seem tied together. I used to read about banks in Panama and other countries as tax havens, but if the US wants your money they’ll squeeze hard enough to get it.
Seems we could and maybe even should go higher tomorrow, we’re not overbought yet. The only thing in our way is the Friday games they love to play at Crimex. Shares have room as well. I’m not sure we’ve seen a turnaround like this in the HUI since 2000-02’. I still don’t think the momentum players have really jumped in yet.
Buygold and Maddog
I remember back in the 80s run up. The Swiss Franc was almost as good as physical. The Swiss were very tight with the money supply and although the Franc wasn’t actually backed by gold they had a lot of gold in the treasury. Too bad they changed their policies later.
Those were the days of Harry Browne and Howard Ruff … South African mining stocks were big in the market.
Well should we look forward to Day 3?
Buygold
Swiss and Gold….absolutely classic moves, from way back…of course now we have Crapto instead…..But I admit when I saw the Swissy going like this, with Gold it made me very nervous, if this is all fake….Plus now there is no such thing as a safe Swiss bank, they are all full of derivatives and wannabe gunslinger traders…… as a foreigner it is nigh on impossible to open an account, unless yr talking serious money…really serious and there is no such thing as Swiss secrecy any more…..You’d probably be better off buying Norwegian Krona , they are so rich they put heating under the pavements , so the snow doesn’t need shovelling and no ice forms….and when their Oil fund had so much money, they didn’t need to have an income tax …so they held a vote to ask if people wanted to scrap it…they voted to keep it, as paying tax made them feel like good citizens….
But I still think the Gold move is a revaluation play, hence only Gold is really moving up ….
FWIW
I’m seeing the asks starting to get kicked up on some of the midgets. Volume hasn’t really come in yet, and the bites are slow, but I’d think there’ll be some volume action soon that will drive these things up very quickly. I noticed this with a few names a couple of weeks ago, but they went straight back to their breakout points when silver got hit.
maddog – that’s interesting. They are panicking into the Swiss and gold at the same time. I wonder if that’s a normal phenomenon?
HUI, GDX hit 52-week highs today
Amazing turn around from just 5 days ago.
Looked at those CPI numbers
They have completely stopped inflation at least as measured by the CPI. Unbelievable.
It does explain some of the downward move in the dollar. There is an anomaly in the bond market today, the only rates on the curve that are higher are the 10 yr.’s
They’re taking the mid-day run us here. So far, the dips have been bought. Assuming this continues, we have been waiting a lot of years for it, and for the most part, the real moves in the shares haven’t even started.
Seems like everything depends on what silver does.
Have y’all noticed that the last couple of days gold has broken the 2% up rule that has been in place for the last 25 years?
If you are trying to GET the flu, you will have a 27% better chance of GETTING the flu if you get your flu shot.
13 minutes of proof this is fact!
Look what they did to Wisconsin
Pulled their diversion BS and their BS fase narratives on Elon who is under the direction of the president and not even A politician and they focus on that BS instead of Maga Trump and this country! They do it again at the mid terms and 28 and better be awake. Oh well Trump’s back in and I don’t want to get my lazy arse back up and vote in one of his team, he can do it all. The government is not set up that way, Trump needs his team. People better get their priorities straight or they’ll have no one to blame but themselves. They’re already starting to screw up.
Steve Bannon
I watched this the other day. The false narratives, the lies, manipulations and Mid Terms!
People can’t get lazy including the Republican politicians about the mid terms of the Democrats get back in. It will be more BS impeachment on Trump and throwing patriots in jail that took them down and took their country back as they should be in jail but will try to throw them in jail instead and they’re predictable, it’s no joke.
Deer
Trouble selling bonds I meant. I’m not really up to this right now just know it.
Deer
The bankers would be better off buying it instead of hammering it less they want to buy it for less. The tarriff war could and probably is going to result in the Fed having trouble buying bonds then they’ll have to buy them and can hit up the banks to buy toxic debt. Least they can hedge with gold and silver. On that video of the coin shop there was a investment banker in there who was even asked to work for the Rothchilds and didn’t want his face shown. I would have been interested in what he had to say but came the meaningless interruptions but he did say he thought what was going on was the death of the Fed.All speculation but the question I would ask is replaced by what?
deer79 @ 12:24
When Michael Saylor is forced to puke up his bitcon you might feel better.
Chuckle
Feels like…..
a financial WAR is being waged…..
BRICS are agressively buying Gold (and subliminally threaten to de-dollarize) and the scum bankers respond to them by saying, we’ll hammer Silver and the mining shares all day long…..
As far as “break-outs” in this industry; we all know what those have been worth…….
I’m glad I told my grandson to hold back yesterday. After his first two days of buying and selling in the green by himself he asked me if he should buy it back or another he was looking at. I told him maybe hold back till today as they might pull back. Told him a bunch of stuff including stop losses but consolidated the focus to news and the meaning on buying the rumor sell the news. I thought my occasional day trading days were over. I’m not up to it this time.
Buygold
Re Bessent
When he was talking to Tucker, he told everyone that his father bankrupted the family, who had been very well off…so as he said, he went from a life of luxury, to nothing and having nothing…he then said he had been lucky enough to making a fortune himself…..so as he said ‘I know what it is like to have nothing….and that is why we are determined to make life better for the lowest quartile ‘…..
You won’t do that by pandering to the Wall st crowd.
Chart of the Day
HUI breaks out against bitcon in five-wave affair.
Hui (GDX leading) up in five wave affair off December low (major cycle low that will last many years).
Once top is hit in next few days – short-term top lasting one to two months (worst case) incoming.
Bank on it.
Mornin all