Making Light Of The Major Drivers In Gold and Gold Stocks
Craig Hemke kicks off today with a look at the major drivers in the gold market currently. We discuss the back and forth in trade and recent comments from Powell at the Fed. There is also an example of what seems like good news for a gold Company that is being sold.
Not in the Main Stream Media:
https://en.interfax.com.ua/news/press-conference/617936.html
Off Topic:
Anomalous Repos:
https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000
Looks like 3 banks have liquidity problems.
FOR EDUCATIONAL PURPOSES;
https://www.frbdiscountwindow.org/pages/general-information/the-discount-window
Ponder this…….
I know the Federal Reserve was created by the Federal Reserve Act of 1913,
But where in the 1913 Act or the US Constitution is it that the “Discount Window” is legal or constitutional?
i KNOW THE FOMC CLAIMS the discount window is legal:
https://www.federalreserve.gov/monetarypolicy/fomc.htm
But is it ?
Since, in practice, the Fed acts as bail-out of last resort for ALL banks operating in the US, REGARDLESS of solvency. That was never intended in the 1913 ACT.
By not requiring “Mark to Market” is not the Fed violating the 1913 Act?
Nike influencing NBA’s handling of China: Jason Whitlock
https://www.foxbusiness.com/sports/nike-influencing-nbas-handling-of-china-jason-whitlock
You are right CFS about the possible lawlessness of the Fed. We are in serious need of a total audit of the Fed, the ESF, Treasury and determine the depth and scope of the criminality. It most likely lead all over DC and most of the world’s financial systems. Probably need many new prisons.
Nice and early today !
I believe the corn and soybean harvest this year is vastly over-estimated.
(About 25-30% over-estimated)
Given the Chinese are intelligent and well-informed, you may expect them to buy SOON, before prices rise significantly. I could be wrong, but I would not be surprised if there is actually insufficient supply of soybeans to satisfy world demand this year.
I expect Trump to announce Chinese purchase of Pork, Corn and Soy products next week.
The Chinese will never agree to intellectual property rights REAL enforcement, even though they may give some mealy mouth lip service to imply they agree.