We are seeing huge price increases at Costco and other markets. Of course the government doesn't track food prices on the CPI. (???) This is the best indication, we think, that the dollar is TOAST.
The big booga boo is the housing price deflation, which is worth about a half percent, as I view Zillow. Margins for homebuilders were represented last week by KBH which sold off bunches. Still, some profit is better than none, lower prices mean stagnant waged joesixpac's might have a shot at a mortgage, especially with the ten year yield under pressure as the world chases to safe haven. The Swiss decoupling from the EURO has to amount to bank terrorism at its worst, no transparency, not only no warning, the exact opposite position was taken DAYS before. Four percent sell off was mitigated last week only by Friday's DCB, and the cat bounced merrily. This week with housing prices deflating, more folks can't sell, opening the door to more inventory, which of course, makes housing even worse in future. Silver and gold are triumphant, as madness helps specie, witness the blast forward late last week including Friday the 16th.
GLTA. We're going to need it.
Jan 20 10:00 AM NAHB Housing Market Index Jan - NA NA 57 -
Jan 21 7:00 AM MBA Mortgage Index 01/17 - NA NA NA -
Jan 21 8:30 AM Housing Starts Dec - NA NA 1028K -
Jan 21 8:30 AM Building Permits Dec - NA NA 1035K -
Jan 22 8:30 AM Initial Claims 01/17 - NA NA 316K -
Jan 22 8:30 AM Continuing Claims 01/10 - NA NA 2424K -
Jan 22 9:00 AM FHFA Housing Price Index Nov - NA NA 0.6% -
Jan 22 10:30 AM Natural Gas Inventories 01/17 - NA NA -236 bcf -
Jan 22 11:00 AM Crude Inventories 01/17 - NA NA 5.389M -
Jan 23 10:00 AM Existing Home Sales Dec - NA NA 4.93K -
Jan 23 10:00 AM Leading Indicators Dec - NA NA 0.6% -
my back with a ruler, I noticed a missed a few spots. He did also. So, a falling Euro is gonna be GOOD for US exports? Whas up with that?
If you own SLW or any silver / gold miners you should also buy physical silver.
There is very little physical silver for sale. (About 10 Billion worth) a drop in the world economic bucket.
Buy sone silver, help your own cause.
It looks like PMs are going up with the price of eggs this morning. The main stream press is coming up with every conceivable reason that eggs are now north of $2.50 per dozen. For example, all of a sudden people have developed an insatiable appetite for eggs. (And all of a sudden the gold bugs are exchanging their worthless dollars for PMs.) Be careful this isn’t just another head fake.
yup, thought this would happen early last year so I bulked up on these miners was too early...finally it happens. Taking money from TSLA too.
We must bear in mind that a faltering global economy, the one many of us have been forecasting, would be displaying the very same symptoms that we see now. My question is: Are we at the precipice?
What I have against the Swizz has nothing to do with their change of heart guarding the Euro.
As I said, they ran "out of stupidity and aren't going to play a fool's game anymore". It was a smart move, for them.
Well the right answers don't always lead to the right conclusions either, there is still some rationale in the marketplace. Right about cringing CPI, right about the unemployment embracing all those departing XMAS hires, but wrong that it would lead to a silver selloff--for once the winners did not get sold with the losers, and silver claimed a plus 3/4%. This evening AH silver continues to ascend, and the Russell continues to get Rustled another 3/4%. The general market is being busted to corporal punishment, for those who are getting bitsch slapped by oil, and now the Swiss who've made Swiss cheese of the euro--it's getting ugly out there.
But not for silver and gold so far. Sometimes, as Chief Dan George of "Little Big Man" fame said, the magic works.
And sometimes it doesn't.
Talkin abuut helpin out yur friendly banksters, they just put 1/2 of 1% into the pockets of every Swizz Bankster.
Now, the wealthy on this message board are gonna hafta pay another $5m per each Billion have have socked away.
Didn't even take as long as I thought.
One sided trades rarely satisfy the Oigi board.
Leave it to the punks in Swizzerlund. They blinked.
I always liked Yodels.
4 years ago they were determined to put a cap on their francensteins.
They bought Euros. And more and more and more.
And finally somebody said enough.
Did they run out of money? Nope.
They ran out of stupidity and aren't going to play a fool's game anymore.