those power-to-be people just push those buttons and make things happen, the %#$%$#

LIKE DUH………

The Chinese are buying lots of gold here when they come on holiday said the girl at the mall today. I purchased a small amount today.

Hmmm… in whose favor does this ‘terror’ go to…in order to organize…
Mr Temple…??? Mr Moriarty…??

got this email from Dr Weiss today:

Dear Robert,

Irving Weiss in his early 20s and his son, Martin Weiss, now 69.
In 1928, when my father first went to work on Wall Street, he warned his clients about a new and dangerous scourge about to strike the U.S. economy and financial markets — deflation.
Today, I’m warning you again.
The similarities between then and now are striking: Massive, devastating declines in the price of commodities like copper, foods, grains and energy. Booming stock prices. And a gaping disconnect between the two that seemed to defy all logic.
But it’s the big differences between now and then that have me worried the most — especially when it comes to the role the U.S. government plays in the economy.
Compare key facts about then and now, and you’ll see what I mean …
Federal debt: When my father first warned of deflation’s potential impact in 1928, the total debt of the U.S. government was just $17.6 billion. Today, it’s over $18.6 trillion — over one thousand times more.
Federal spending: Back then, the federal budget was less than $3 billion. In 2015, it’s $3.7 trillion — also more than one thousand times more.
Even taking into consideration the huge growth in the U.S. economy over the past nine decades, the size of government today is far, far larger:
Federal debt: In 1928, the national debt was less than 17% of GDP. Today, it’s over 100%.
Federal spending: In 1928, the government spent less than 3% of GDP. Today, it spends over 21%.

And even these shocking comparisons grossly understate how the government has grown:
Federal debt: When my father was a young man, Social Security, Medicare and veterans’ benefits didn’t exist. There were virtually no entitlements. So the federal government’s financial obligations were limited almost entirely to the funded federal debt. In contrast, today Washington is drowning in $127 trillion of unfunded liabilities, according to Forbes.
Add those to the government’s debt load, and suddenly it’s 807% of GDP. In other words, the true federal debt balloon is over eight times larger than the entire U.S. economy.
Federal spending: Robert Higgs, Senior Fellow in Political Economy for the Independent Institute, demonstrates how government spending makes up a far bigger chunk of the economy than official calculations seem to indicate.
Using data from the Federal Reserve Bank of St. Louis and the Bureau of Economic Analysis for the five years through 2014, he calculates that all types of federal government spending represented 35.8% of GDP.
Further, if you compare it to a more relevant measure of the economy (personal consumption outlays), the government is responsible for a whopping 52.2% of the economy. Plus …
“Even this,” he writes, “fails to indicate how great the government’s presence in our lives really is, however, because governments at every level impose a vast number of legal and regulatory requirements that must be met out of the people’s own resources.”
Wayne Crews, Vice President for Policy at the Competitive Enterprise Institute, estimates that compliance with regulations costs Americans $1.863 trillion in 2013, or another 13% of GDP. Add this to the heap, and you can see how expenditures by or for the government are now close to two-thirds of the entire U.S economy.

All this leads to two unmistakable consequences:
Consequence #1. Uncle Sam as master puppeteer. The U.S. government now has such a supersized stake in the economy and so much to lose if things go sour, political leaders of all stripes have virtually outlawed failure of any kind, prompting them to manipulate markets like never before.
For many years, their list of taboo events that “must never happen” included (1) another Great Depression, (b) big financial failures and (3) national bank runs.
Now, on top of these, the Fed is attempting to counter (1) sharp stock market declines, (2) low inflation, (3) international market turbulence and (4) even normal, cyclical declines in the economy.
But for Uncle Sam, it’s like quicksand. The more he struggles, the deeper he’s stuck.
Consequence #2. Out-of-control corporate debt. During the Great Recession, in order to save the government from bankruptcy, the Federal Reserve felt it had no choice but to buy up the majority of government bonds offered for sale, while driving interest rates to nearly zero. This, in turn, opened the floodgates to corporate debt bubbles that are even larger than the federal debt bubble.
Totally Unprecedented Convergence of Circumstances
We have never seen anything like this before in U.S. history.

Sure, we’ve had other periods when the U.S. government was up to its eyeballs in debt —during the American Revolutionary War when Benjamin Franklin borrowed money from the French … and again during World War II, when the U.S. government issued billions in war bonds.
And yes, we’ve also seen periods of deflation — particularly the commodity deflation in the late 1920s and the financial asset deflation that followed.
But what we’ve never seen — until now — is the convergence of huge government debts AND the real threat of deflation at the same time.
This is absolutely critical for a number of related reasons:
First, deflation makes it far harder for all borrowers, including the government, to pay off debts. They earn less income. They collect less in taxes. And as the value of each dollar owed goes up, the real burden of their debts looms larger and larger.

Second, deflation can drive the economy into a vicious cycle of cutbacks. People learn to expect lower prices ahead. So they become far less willing to spend money at today’s higher prices. And the less they buy, the more prices go down.
Third, nearly everything falls — corporate profits, personal income, and government tax revenues from both.
Connect the dots and you’ll see how, suddenly and without warning, the government is squeezed in a massive vice.
And you’ll see how deflation could directly threaten the great bubble of government debt that has accumulated over the decades.
This head-on collision between deflation and debt is the grave danger we will face in the years ahead. And it’s the one economic certainty that most of today’s political leaders (and candidates) fail to grasp.
Don’t fall into that same trap. Stay alert to the collision of deflation and debt. Understand how it can impact not only your investment portfolio, but nearly every asset you own, and nearly every kind of income that you count on.
Stand by for more instructions. Then take action accordingly.
Good luck and God bless!
Martin

If as Gary suggests, the PTB are holding things up this morning………one thing for sure is that they had all weekend to plan their moves.

For Rick, everything can be explained with market behavior. His vigilance level is set 0. Why do I have to listen to this since he will change his idea as fast as market and justify why it should crash when stock is nose diving?

I giggled a little bit when Gary says this terror attack was different because it was coordinated. 911 was forgotten in that statement.

There have been many attacks that have been coordinated.

Heck, when these attacks are analysed they end up being false flags, in other words, entirely coordinated.

Cory, no defined target? Ask the U.S. government, Saudi or Qatar who they are paying, the payroll departments should be able to give a defined target list.

Big Al, you said: “the markets preview the future”. And I say: “the markets make the future.” You have to ask your self: What is more impacting? 150 died in Paris, or trillions of dollars collapse?

Anyone seen the latest installment of Ian Fleming’s James Bond ” Spectre ” also
known as ” Special Executive for Counter-Terrorism Revenge and Extortion ” The story line got the concept right , however did not identify the real enemy ! Very entertaining ! Art does often imitate Life, or prophetically expresses the truth . The lines are likely much more distorted today than when Fleming, a former British S.A.S Officer created 007. God Help Us !

How can Corey ask with a straight face why gold hasn’t continued lower??? It has been pummeled down a ridiculous number of days ina row! Does he really think prices move in a straight line, up or down?

Also, way way too much emphasis is placed on a single day’s action by the hosts. Again, nothing moves up or down in a straight line. Can’t believe this has to be reiterated.

We will find out in December what is up. I do expect the Fed to raise rates just to make the Peter Schiffs of the world look like idiots. They will buy whatever they need to buy to keep this rickety, corrupt system propped up. All but the biggest miners headed to bankruptcy and the commodity complex is headed 50% lower at least. Stock market to the moon.

guess the ‘powers to be were busy in 2005 too? Three bombs went off at the same time in the London subway followed by a fourth on a triple decker bus, resulting in the death of 52 people and more than 700 injuries. The event took place before U.S. market open and while U.S. stocks initially gapped lower, they spent the rest of the session rallying to end higher by nearly +1%.

The market has been supported by the central banks to make up for what happened in France as they can’t have the market fall and oil fall any further below 40. I had mentioned on Friday that oil is about to rally as xop was positive with oil down. I regret selling one of my oil positions too early today. Oil has been rallying during the night and attacked at 8 am every day for a number of days now.

The market has broken out above 2040 and should head to 2060 near the 200 day this week.

For those of us who stayed out of debt and saved money, deflation is our just desert — if we actually have deflation. But, everyone I look I see prices rising still.

You could not find anyone bullish on oil last week and the majority just got proven wrong. Now they are scrambling to cover.

At least my S&P mutual fund is doing well today.

The correction is over in stocks. Time to mortgage the trailer and go all in. The Dow transports will not be allowed to go any lower.

According to Kitco:
“DJIA 17,483.01 +237.77”

COT’s for last week came out today. A large move out of the short position for both gold and silver but more for gold. Commercial contracts for gold went net long about 25,000 contracts while for silver about 10,000 contracts. This is encouraging from the standpoint of the bottom for the PMs sometime in December. Gold will see a new intraweek low in gold in December as talked about awhile back.

Well, Doc Id like to ask you if you & yr technicals are ever not correct… does it ever not pan out the way you predict here….
thank you