Money flowing into safe havens ahead of the Fed
Traders are getting ahead of the Fed meeting by putting money into safe havens. We are seeing gold pop by $10 and the 10 year yield looking to break below 2.1%. Chris Temple and I look at the weak retail sales and continued lower inflation data in a big picture sense. All of this is leading to a very flat yield curve that the Fed will have to address this afternoon.
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JPY STRONG TODAY, Au/Ag strong, yet the CABAL would not allow the miners any gain but a moderate loss @ the noon hour. Godless reprobates.
Or could it be the final take down of the miners for this spring & prior to the FEDs 2pm announcement. DA BOYZ will rip their own mothers faces off to maintain their control over societies.
I bought $200 face silver dimes y’day @ $1300/$100.
I bought all my silver coins @ 50 cents- $1 a gram, the majority being sterling 9.25.
After looking at it all I decided the best thing is onces, today, 31 grams is about $26 cdn
less than $1 per gram
If tshtf the way the blogs threaten, I just cant see too many people actually wanting coins of any kind, food and usable items, but in N.A. the vast majority of people feel PMs really have no value.
Maybe Im wrong and its to the moon any minute and people will line up at banks demanding silver instead of paper, but I doubt it.
nothing wrong with junk silver dimes, it will always have face value…… 🙂
all kidding aside…….not a bad time to buy dimes……jmo
I agree Jerry, nothing wrong with silver coins, I just figure the onces are a better way to go.
you might even luck out and find some full band mercury dimes…..
There are kind of ways to play this silver market……and from what I have seen, all the different ways make sense to the individual…..jmo
Gdx is dead at 23.06. I could have sold at 23.50 in the pre-market.
Associated Press – 5 minutes ago
PHILADELPHIA (AP) — An appeals court is upholding Philadelphia’s 1.5-cent-per-ounce tax on sweetened beverages, saying it doesn’t duplicate the state sales tax.
The Commonwealth Court’s 5-to-2 decision Wednesday backed a decision by a city judge in December.
The court majority says the beverage tax, imposed on distributors, doesn’t hit the same subject or people as the sales tax.
The two-judge dissent says the ordinance that allows the beverage tax duplicates the sales tax because it can only be imposed “in relation to the retail sale of sugar-sweetened beverages.”
If fully passed onto consumers, the tax is $1.44 on a six-pack of 16-ounce bottles.
City officials say the tax has brought in more than $25 million since taking effect in January but will likely fall short of projected revenues this year.
kitco list and my own list really dont seem too strong, down actually.
gold up miners down, kinda shows not too many people are interested in pm miners yet.
I watched a vid yesterday of a Rothchild saying he has moved to 8% phyzz tho, whats 8% of 500 trillion? hmmm, I think that might be every once on the planet, therefore I gotta call bs on that one.
Well, maybe the 170k tons exists I guess.
Don’t forget the Grand Canyon that Bix Weir talks about…….. 🙂
Yes, the G R A A N N D canyon, lol
I did forget that one.
Ah ya never know.
I guess Cramer has decided bitcoin is going to a million, Putin is looking into crypto tech for Russia.
Thats the thing with crypto, more can always be created.
Ethereum……the one to watch……goldman looking to start covering as I mentioned a couple of days ago….most do not like cryptos…..but, like tech stocks, most will chase, just as a momentum stock……jmo
etherium is bieng pumped on multiple blogs, im going to guess people believe it and etherium goes up.
Then the next one will and so on, until people get tired of them.
And they may not, people choose what is money and the melenials are totally into teck and smart phones.
Just like tech bubble bust…..crypto bubble bust will happen….because there is a lot are JUNK out there……………jmo
Ethereum……the one to watch
Saw that at zerohedge……this is really overreach………….
Were are the $4 Billion dumpers, that should be buying back in…….to the moon silver made a nice weekly cup and handle……. 🙂
A cup and handle??
Gotta be a good time to buy. lol
Really, is there ever a time when its not a good time to buy according to the blog world?
Gary S….talking about oil going up, dollar going up……gold going down, then up
Rate hike .25……reducing balance sheet……OK, now what………
steam out of gold……..silver holding…….
gold bumped it’s head on 1280……
Well, the SHOOTER in VA, was a democrat , that hated TRUMP, …
mentally disturbed like most of the party members……Maxine Waters, Pelosi, Bernie, Warren…….what a group.
WHERE IS KE POLITICS WHEN YOU NEED IT!? WE GOT PSYCHOS BUSTING CAPS ON CONGRESSMEN IN DC! SOMEBODY SNAG BIG AL!
GOLD formed a BATMAN design on the 24 hour chart……..first time in history. Call out BATOWL to save us………….. lol
Ah yes, the elusive batman pattern… we last saw one of those in gold vs commodities a couple years ago…
http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24GNX&p=D&yr=5&mn=0&dy=0&id=p35754195661&a=423117194
😉
🙂 plus 1
Gotta be someone that knows what a “batman” means.
Heck, a guy could make a name for himself being the first to get it right.
:)…….
Except for the gold or silver that you can hold in your hand it is all ultimately junk or worse. Without electricity, functional computers and internet these electronic and crypto currencies are useless and pretty unreal. Try proving their existence when the power goes out.
Thats true, but what is good when power goes out?
Better have a shoe box full of 5s, just to buy gas, except the pumps wont work.
Associated Press – 25 minutes ago
MEXICO CITY (AP) — A fire has broken out at a partially flooded refinery in southern Mexico.
The state-owned oil company Pemex reports there were no immediate reports of injuries.
Television footage shows a huge column of flames and thick black smoke pouring from one part of the refinery complex.
The company says the fire broke out Wednesday in what appeared to be a pumping plant.
The refinery’s operations had been suspended Tuesday because of heavy rains from former Tropical Storm Calvin.