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The auto market is way out of whack. It needs a harsh correction before it gets healthy again. $.02
should I wait to buy "a new car!"The auto market is way out of whack. It needs a harsh correction before it gets healthy again. $.02
Well I was wrong. or they fooled me on Palladium. It's finally done it and is now below the price of Platinum. And not because Platinum has done anything. The car market is imploding.
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If miners are any gauge, it would be lower.
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This is by far the most baffling gold market ever. Never has gold been at the cusp of all time high while gold miners have sold off so strongly.
GDX is just a couple % away from being at the same sold-out area in October when gold was at $1810. This is unheard of.
This is by far the most baffling gold market ever. Never has gold been at the cusp of all time high while gold miners have sold off so strongly.
GDX is just a couple % away from being at the same sold-out area in October when gold was at $1810. This is unheard of.
I concur. But I would cost-average in. The Dem’s only have 9 months to engineer a False Flag/Black Swan event before the election.Closing in on buy points in the mining shares.
Expectations were for a big drop in the YoY consumer price index (from +3.4% to +2.9%) but instead it surprised to the upside (just as we warned) with a +3.1% YoY print for headline CPI (spoiling the sub-3% partiers). Consumer prices rose 0.3% MoM (more than the 0.2% exp) but the headline did decline from +3.4% to +3.1% YoY...
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I hadn't seen this anywhere else but potential huge news. Is Mexico going to war with the rigging cabal? ...
Mexican President Andrés Manuel López Obrador, known as AMLO, presented before parliament a series of constitutional reforms among which there is a proposal to modify Article 27 so that it prohibits open-pit mining.
In detail, his proposal calls for banning the granting of open-pit mining concessions and activities related to the exploration, exploitation, benefit or use of minerals, metals or metalloids using the open-pit method.
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The motion is expected to revive hostilities between the Mexican government and big industry players, as the country’s oldest and largest mines are open-pit operations. In total, Mexico hosts 264 mines that extract surface minerals, most of them located in Chihuahua, Zacatecas, Sonora and San Luis Potosí.
Top producers such as Grupo Mexico’s Buenavista del Cobre, Newmont Goldcorp’s Peñasquito, two of Fresnillo’s gold-silver units, and several other mines owned by Industrias Peñoles are open-pit operations.
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CPI Prints Hotter Than Expected In January As SuperCore Soared | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
It's looking more and more like a rate cut in May might be optimistic. The Fed might not cut at all this year...
Here is the report that the video cited:
More:
Mexican president proposes ban on open-pit mining
AMLO presented a constitutional reform that prohibits open-pit mining.www.mining.com
Sure they will... after taking down a few banks or breaking something else.
Exactly what I’m thinking. It always surprises me that “The Market” prices-in rate cuts and and other illogical speculations.They will be absorbed for pennies on the dollar (likely by JPM) and life will go on. Maybe they have to implement a BFTP 2.0 or something similar, but I think they will hold the line on rates from what they have been saying.
600 points is a big deal? That's so 1980's.
10 years ago...At some point I'm gonna put $10,000 on the credit card to get me some certificates and silver. You guys wanna let me know when to pull the trigger?
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