What is driving the markets these days?
Chris Temple joins us today with comments on the broad markets both domestically and internationally. We are all in agreement that the central banks will continue to do what they can to keep markets propped up.
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That increase for cancer med wasnt the only one, there was a massive increase in a “life saving” tuberculosis drug as well.
I cant see the people wanting any change in banking, I also find no surprise the pope doesnt mention any change.
For anyone following it, the only opposition to central banks recently has come from Russia, and we all know they are the evil bad guys.
Maybe the brics bank or aiib, or dropping the American dollar is a step to changing banking, not sure I would take that bet tho.
Absolutely never will happen once we are cashless I would think.
bb, the BOE punted as well with regard to raising rates as the UK and USA are the only two suggesting rate hikes….cashless society is in the making
http://www.zerohedge.com/news/2015-09-18/bank-england-economist-calls-cash-ban-urges-negative-rates
Ya, I see it JJ. Bird actually made an excellent argument that we are going cashless awhile back.
I mention that cash and Liberty are related to people on occasion and there are groups like “Freedom Force International” that work to educate and save cash, but mostly nobody cares.
Funny guy that Bird. Maybe one day he will return!
AHHH hahahahahahhaha!!! 🙂 Gee, I hope so! 😉
Cute, but no Mathew, you don’t want Bird back…..you really, really don’t.
Because he will kick your ass!
Everyone knows we get the government we deserve and all it takes is for “good” people to do nothing.
Those guys had a way of stating the obvious didnt they?
Any political party today can promise anything to get votes and once in charge there is NO ACCOUNTABILITY so who cares who runs , we are guilty until proven innocent but politicians are innocent until proven guilty and if guilty the punishment by law does not apply…..hey Gator boy that’s caveman sh!t
Got to agree with you Al….Chris is brilliant. He knows a lot about a lot and its always a great interview. Not to pick on him alone though….all the guys are great.
GDX and GDXJ closed down today and it is dead quiet around here….kind of funny too because they look to be near term bottoms in play
Yes, I was just thinking how quiet it is and the relation to the falling price of the gold miners.
We have finally run out of bulls, Bob.
Its happening on a few other sites I read too. Sentiment is about as low as it can get with even long time gold guys having thrown in the towel. It all just came down to price and opportunity.
There is neither of each.
With the true bottom not yet in sight and some people still holding miners they bought at the peak that are now in the discount bin, the mood is pretty sour. It’s nothing that a little rally won’t cure but lately even that does not get them enthusiastic.
Maybe this is the exhaustion phase when even the bulls become so wary that there is not enough real buying power left to drive gold up so its only short covering that can get the metals moving again.
We actually know this to be true so we should probably welcome capitulation as it is such a good indicator that the end is near. But once stung; twice shy. Many of those bulls of the past will never return (depending on how badly they lost) so it will be a new crowd that carries gold back up next time.
The biggest intervention by far these past many years Chris has been Central bank currency devaluation, the PBOC has forced the BOJ to increase its QE this Oct and that will goose the US equities as it did last Oct which can be clearly seen on the charts, S&P500/YEN/GOLD