I'm saying if we get one or two more closes above that line and we may NEVER see $1880 again.
The Lunatic Fringe - Market and Trade Chat
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I'm saying if we get one or two more closes above that line and we may NEVER see $1880 again.
Lancers32
Often Wrong Never In Doubt
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I know what you're saying.
Stakes raised for Powell speech Thursday with 10-year yield on cusp of 5%. Here's what he could say
Federal Reserve Chair Jerome Powell is set to deliver what could be a key policy address Thursday.
I didn't, truly.
I thought VC would ride this destruction-of-sex-appeal thingy, straight into bankruptcy.
Woketards appear to have no understanding of business, finance, or fiduciary responsibility.
I thought VC would ride this destruction-of-sex-appeal thingy, straight into bankruptcy.
Woketards appear to have no understanding of business, finance, or fiduciary responsibility.
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John Rubino
rubino.substack.com
Crash Alert: That "Spinning Out Of Control" Feeling
Random bad news keeps coming
rubino.substack.com
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Wow! Protests are interfering, is what I think I'm watching.
Lancers32
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Probably. I remember getting 5% in a passbook savings account. 12% for a mortgage in 1984 with the builder buying down the rate 2%. Cheap money is done. House of cards.
Yes
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Speech sounded like Goldilocks to me.
Lancers32
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JPow indicated they likely stay the course (no hikes) in November and wait for more info before deciding what to do in Dec. Their data has shown signs that long term inflation is reacting to the rate hikes they have done so far, but other data shows there is more work to do. Also, jPow says commercial real estate doesn't affect the TBTF banks, so that industry can be a sacrificial lamb to the inflation targeting altar. Oh - he also said that Tbill yields are beyond the Fed's control - the market is reacting to fiscal policy (federal spending/deficits).
Lancers32
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Still a lot of stoopid out there.
If I was offered such a choice in the centre of a town by a stranger, I would probably choose the cash.
Yeah he is filming the offer, so seeking publicity in some way but my thinking would be 'If it seems too good to be true, it probably is'
It might be a solid gold ounce but I dont happen to have an xrf scanner on me and that $20 looks like it would be accepted at a shop.
Are they as stupid as Mark Dice suggests ?
Yeah he is filming the offer, so seeking publicity in some way but my thinking would be 'If it seems too good to be true, it probably is'
It might be a solid gold ounce but I dont happen to have an xrf scanner on me and that $20 looks like it would be accepted at a shop.
Are they as stupid as Mark Dice suggests ?
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30-Year Treasury Yield Spikes past 5%, 30-year mortgage rates hit 8%, Mortgage Applications Plunge
Bond Bloodbath, Housing Market in Deep-Freeze, as delusions fade.
https://www.silverbearcafe.com/private/10.23/plunge.html
Cigarlover
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Solar companies getting pummeled in the overnight markets. Slowdown in EV's sales and now Europe basically admitting solar isn't going to work. More downside in the near term IMO.
It was just earlier this year that our brilliant gov spent 400 billion on solar via the inflation reduction act. WTF? Where the hell did that money go? Back to congress, the DNC and RNC?
It was just earlier this year that our brilliant gov spent 400 billion on solar via the inflation reduction act. WTF? Where the hell did that money go? Back to congress, the DNC and RNC?
Jodster
Fly on the Wall
This looks to be It guys. I hate to be that guy but it's go time IMO. I don't think we get a retest of the wedge as gold should be waay too strong. Probably get a bull flag retest at that MAJOR 190 resistance. Then break through that and retest and on to $2,900.
He draws this in more detail about 14 min mark here.
Lancers32
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Trying for a reverse jinx. I saw what you did there.
Lancers32
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His nuts still in a vice on that Silver short?
Yes his stop was the previous high so about $24.
Lancers32
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Only miners getting any traction are the South African Golds that I follow. GDX can't even take out $30. Something is up. Metals seem to be the safer bet but not much leverage outside of futures or options. Not seen this before.
I suppose it could be interpreted as either people think the world is going to burn and they want metal in hand vs. a claim to metal yet to be mined, or they think this gold rally is transient and miners are priced correctly.
Lancers32
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Ordinarily it wouldn't be so concerning but the miners got cleaned out on the last move down most were priced close to what they were when Gold was close to $1600 Silver well under $18. Some have rallied a bit but they don't seem to want to want to follow the metals higher. Might be smelling something worse than just a coming retracement in the metals themselves. I'm cautious.