The Fed report was not what it seemed... The FED is to reduce the helicopter stimulus money by 1 Trillion dollars over the next 30 months.. The problem is that the FED has over 4.5 Trillion in stimulus debt. So, in reality,, the FED will be simply reducing it's stimulus debt from 4.5 Trillion down to 3.5 Trillion over the next 30 months ... That is only about a 22 percent reduction in stimulus debt, (helicopter money), over the next 2 1//2 years. The Elephant in the room is that the Fed is not going to do away with the stimulus program... but simply reduce it by about 22 percent ,, leaving about 78 percent of the stimulus in place. And, the FED continued to say that this was fairly locked in and if adjustment were to be made, (like more needed stimulus) the FED would do this with managing short term interest rates... Translation, if the economy stalls,,, expect Lower interest rates....That is the way I see it....
Bill didn't listen. We warned him. We told him bitcoin would pass gold and it did in March. Now it is more than triple gold. He should've listened but he didn't. Instead he stubbornly held on to his shares of AUY which have gone nowhere. Oy! Vay! We Win! The Cabal Always Wins!
I have zero idea what Y-hoo is doing anymore. To log in and post requires the Pope's blessings, my guess. This place is a wasteland, just like the paper markets are. At any rate....Here's the scoop you's.
"They" kicked the physical in the past few days. That's good. The masses are into paper, you know the zillion of greenhorns lulled into a complacency. Dow billion. Pick your #'s. However, "Houston, we have a problem. What goes up, must come down. They been printing "debt", look at your $1 bill and all the rest of its denominations, it's a debt instrument. Now the Fed is "proposing" to unwind the debt THEY are holding. They didn't let the market decide on % rates, the Fed "front-run" and bought the paper instead. The Fed has zero chance to get out of this. And this started with Greenspan. So, now the FED is gonna liquidate the paper? Go ahead, be my guest! Dow 9000 is still expensive. All the instruments of paper type assets are t-paper for my my bunghole! Bevis and Butthead are steering this Titanic. You cannot print gold. You can print paper though. And print they did. The corruption that's in the paper markets will not be known after the crash that's coming. I saw 2008 coming 3 years before it happened. My route was different that others took, but you know, all roads lead to Rome. It doesn't matter how you get there, so long that you arrive. And what did the Fed do in 2008 forwards? The printing presses were running into overtime. Those debts must be paid. Who will pay them? You.
At any rate a chart is worth all the fundamental "reasons" one can argue about. Like, "things are different now, get with the program, what have you. Ohh yeah they sure are different. Short term % rates should be screaming at 10%+++ where the major indices are printing. But they are not, are they. Look at over a 100 year history regarding market levels and short-term rates. Never, I mean never in history are rates where they are as write this. We have been in DEFLATIONARY depression. Everyone will pay the piper when the paper markets plunge. However I think the PM will assert its role as "legal tender". Can't print AU. The miners that mine the stuff will go on a tear. We are fast approaching the "calling card" moment. The insanity of the paper markets is coming to an end. 1 more thing. The public is always wrong. And where's the public speculating? A kamikazee mission.
Good luck, and good trade. eom).
What are they showing the body on Y-Hoo> Yahoo has turned into a POS. Anyway if anyone is reading, you can read can you?
YAMANA is headed for $12 or so. Reversal pattern is complete. The PM physical is looking great.
Let's see if anyone is out there. These forums have been decimated from the old days. Too many pencil pushers that get bonuses for wrecking a great place to exchange views, whatever they may be.
Mark this post in regards AUY. Have gold, will travel. eom).
The gold rally fails yet again.... taking Yamana with it x2
bitcoin up 11 % today....ethereum 16% and litecoin 12%. I guess the empire is struggling a bit today.
If we are to go off the RSI then you could argue that a pull back next day or so could occur on AUY before rallying up. google awe-som_sto-cks - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
Hey the dollar is on a big down turn,, employment new jobs 150,000 which would have been highly criticized during the previous administration as being a horrible recovery or recession level. Interest rates are going up as countries are switching to a gold backed Yuan currency. Venezuela is now only selling it's oil in terms of Yuan gold backed. No more US dollar oil being offered to the world from Venezuela. Same for Russia, and I heard true for Mexico too And the FED wants to liquidate it's balance sheet which will raise interest rates more and kick the US economy in the teeth. And Trump just upset the world at the UN... and I'm not anti Trump.. but he sure has a way of ticking off the world. So gold is going up, imo. AUY is about to turn a profit, also jmho. This stock is at least a 5 dollar stock right now... even though is sells for 2.77. jmho
Korean rockets keep flying and the market loves it............. lol
Yamana.....a total investment failure.
Another article calling a bubble when bitcoin "blew" past 1 billion market cap. With a market cap over 66 billion today that is 66 times the value of the 2013 bitcoin. The moral of the story is be careful about calling bubble. Probably smarter to be part of the fun. Otherwise be happy for the people making money or sit at home wishing for a crash.
The Bitcoin Bubble and the Future of Currency – felix salmon – Medium
A few days ago, the value of all the bitcoins in the world blew past $1 billion for the first time ever. That’s an impressive achievement, for a purely virtual currency backed by no central bank or…
China Moves on New World Order: Will Buy Oil With Gold-Backed Currency—Bypassing US Petrodollar
Any ideas as to why auy is being slaughtered?
And there goes gold 1300....... the mini gold rally ended fast and hard. Taking yamana with it.
You think the North Korea threat is over? Not chance, we will be flying again soon.