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Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month and a giant acceleration from a year ago, outplacement firm Challenger, Gray & Christmas reported Thursday.
Planned layoffs totaled 89,703 for the period, an increase of 15% from February. Year to date, job cuts have soared to 270,416, an increase of 396% from the same period a year ago.
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The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in February.
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Are we at "Return to normal"?
They are leaning on it pretty hard. Dollar down a fair bit and yet you can feel the push to get gold back under $2000.Man they really pumped Bitcoin the last two days. I really don't know what to think of that market. But, I believe it was done to take some of the steam out of this Gold/Silver rally. We shall see.
Cryptos are a different beast from the commodity markets. While it's possible that central banks (esp. the Fed) are having their proxies (PPT) intervene in the crypto markets, I am not so sure that is what is happening. I expect the Fed and their proxies are pursuing the Operation Choke Point 2.0 agenda. Cryptos seem to be more or less correlated with the S&P right now.
I have tulips in the back yard already...Bitcoin is 100% under the powers that be control. I trust that less than the FRN.
I have tulips in the back yard already...
Don't need any more.
Bitcoin is due for another halving event next year. The Bitcoin network has it roughly every 4 years. Bitcoin has seen a bull run every time it has happened.
Bitcoin Halving, Explained
The last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024. But what is the halving, how does it affect the price, and what does it mean for miners and the cryptocurrency’s long-term prospects?www.coindesk.com
And how many other crypto's have having's as well? That can't be unique to Bitcoin.
Enjoy... we will keep the light on for ya.On holidaze... I was on holidaze when 2008 got serious, so you know ---> I got form.
Paranoid? Me?
Nope.
Flat but red for the ASX Gold Tribe on the open here...
Correction here could be quite healthy for longer term appreciation?
It usually doesn't take long for Wall Street's "hot takes" to come flooding in after the CPI report, and today was no exception. Below we have collected some of the fastest reactions to the headline CPI miss, although as always, these mini narratives are entirely contingent on what prices end up doing, so if markets reverse their early gains, don't be surprised if the authors pull a 180 degree flipflop.
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Gold Daily - So far it has been a break and a retest of the break resistance line which is now support. Resisance @ ~2040 looks firm, todays candle isn't great! This has the look of a chart that will slide sideways for a while before people are convinced it's a legit 2K +. The key thing is that support needs to hold @ 2K ish. Fear of big round numbers is kicking in. JMO, My 2c, take with salt etc, etc, etc....
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I suspect most markets are going to trade more or less sideways until the Fed makes their next move either raising or pausing rates.
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