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Ever wonder how much money would have flowed into gold and silver if it weren't for bitcoin?
Is it possible that bitcoin was created as part of the manipulation?
The other half must work for the government.Just 50%? Seems low.
I'm surprised 50% still have discretionary income to spend. The other 50% will be taxed heavily very soon. These wars aren't going to pay for themselves."Someone blew up an H bomb today, but it wasn't anybody I knew." Moody Blues
Stocks fell Wednesday as a pullback in shares of Google-parent Alphabet led the broader tech space lower.
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Tech stocks were largely under pressure following Alphabet's third-quarter results a day earlier. Alphabet shares tumbled more than 8% as its cloud business missed analysts' estimates, overshadowing its revenue growth and earnings beat. ...
The fed gov doesn't have a problem. People who pay taxes do. Ultimately it is them who will have to pay.Could be a problem...?
The gold market continues to trade near session lows, briefly dipping below $1975 this morning after the U.S. manufacturing sector saw much stronger than expected activity last month.
On Thursday, the Commerce Department said that U.S. durable goods orders rose by 4.7% or $13.2 billion in September, following August’s revised 0.1% decrease. The data was far stronger than expected as economists were looking for an increase of 1.7%.
This marks the most substantial monthly increase in durable goods orders since July 2020, and the overwhelming majority of the strength was concentrated in the transportation sector, they said.
Core durable goods, which exclude the volatile transportation sector, increased only 0.5%, the same as August’s revised increase of 0.5%. The core numbers were also stronger than expected, however, as economists were looking to see a 0.2% increase.
The gold market sold off following the data, which was released at the same time as advance Q3 GDP, which also surprised to the upside, and the precious metal is still trading near session lows. Spot gold last traded at $1,975.83 an ounce, down 0.21% on the session after hitting a low of $1,974.73 in the minutes following the release.
... Michael Gayed, a portfolio manager at Tidal Financial who offers trading strategies via the Lead Lag Report, and Michael Kramer, founder of Mott Capital Management. They posted a discussion on Wednesday that spoke of an “imminent market crash.”
“What we’re seeing in Treasurys should make a lot of people nervous. I’ve never seen anything like it, and I’ve been following this market since the mid-90s,” said Kramer, who recently discussed how the new bull market was already over.
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He said the surge in Treasury yields may be “near the end,” but there may be a bit to go. Kramer also told subscribers on Wednesday that the S&P 500 decline “doesn’t look complete yet,” and 4,115 can’t be ruled out.
One chart Kramer has been focused on for a while is shown here, and in follow-up comments he tells MarketWatch that he suspects, as he has for a while, that the S&P 500 has been in the grips of a long bear market rally, rather than the start of a new bull market:
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So after the crash in Treasurys, Gayed is on guard for Part 2, when “credit spreads blow out and stocks collapse.” Note, that widening credit spreads indicate looming defaults.
“If I’m right, the mother of all short squeezes is still set to come in Treasurys, and people suddenly realize too late they were tricked into a narrative around AI and a ‘bull market’ that in reality made them exit liquidity,” he wrote on Seeking Alpha.
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Liking Uraniums and the miners with a stop under yesterday's lows.
Don't worry, Ted Butler and David Morgan are putting their heads together, gonna write an article that will make you feel much better about silver very soonSomething still doesn't feel right in pm land aside from Gold.
If you own puts.Is this a good thing?
A good part of that is strong dollar related. Gold is trading at new all time highs in many non-USD currencies.... The world is burning and Gold still trades a hundo below the August 2020 top. ...
Same thing last go around during the '00's. The Dollar is the one we need to see break out decisively.A good part of that is strong dollar related. Gold is trading at new all time highs in many non-USD currencies.
$22.50 Silver looks important. We don't close a few days under there there is a shot short term. GDX needs to clear that $30.EXK new 52 week lows. Silver sucks.
Doom! ...
The rout in the bond market is signaling that investors are fed up with massive debt levels, according to James Lavish, Managing Partner at Bitcoin Opportunity Fund, who is warning of a potential systemic credit event, which would trigger another massive liquidity dump by the Federal Reserve.
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Once the next credit event hits the markets, gold and Bitcoin have "tremendous upside potential," according to Lavish.
"The credit event would be a situation where you have a high probability of contagion from counterparty risk between large banks or large institutions. It would force a market sell-off in virtually everything," Lavish said
The first thing that will happen is a drop in largely all assets, including gold and Bitcoin, which will be followed by a strong rally.
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Lancers, I share your sentiment. But let’s run the current situation through Occam’s Razor.A decent proxy for the silver miners just looks terrible to me. I see the chart and I see the support nearby but you have to wonder what is going to make these stocks rally and stay up. The world is burning and Gold still trades a hundo below the August 2020 top. Silver forget I think at this point it might be trading more like an industrial metal. Maybe we need to wait till next year for a good bottom I have no clue. At this point I would rather be on the sidelines and miss a rally than get my head handed to me buying in size here. So there's your buy signal.
Don't work either. The sentiment figures are based on what the so called experts think.
Markets could be closed, exchanges shut down, power out, ie... Just as much risk there as some temporary paper loses to me. However, I am losing time and some money on longer term call options. I am more than willing to pay that price.
I wish you luck but I can't place a bet on something with outsized odds like that.
I need to remember this.
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