Contradictory moves continue in the markets
Chris is with me for today’s market wrap and we discuss the snap back in safe haven assets after Yellen prepped the markets for a March rate hike. We also saw the US Dollar move down. These moves are not what you would expect but that’s what Chris and I try to sort out.
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Epstein endof day metals TA:
https://youtu.be/HshllbfrBAE?t=36
+1
Nothing makes sense because everything in the markets is rigged including elections.
waste of time listening to yellin
Pension funds……..bigger news……….71 unions running out of money…..zerohedge
Chris’s use of ‘skitzo’ is apt. This isn’t the first time it’s appropriate. Fed knows it’s behind the curve, by several years, so the next raise in a couple weeks is baked in. Market not caving today solidified that action. From here on it’s anybody’s guess. I think the bond market will do what it has to do and from here on the Fed will be a follower…………Chris’ thoughts are as good as anyone concerning OUR future. I appreciate the chance to listen to him daily! Thanks again Cory.
Chris and Cory do a great service to all listeners…………….jmho
+1 great wrap up.
(NXE) (NXGEF) NexGen’s Leigh Curyer: Eyes on Becoming Top Supplier of Uranium
“Leigh Curyer, CEO of NexGen Energy, talks about what the company has been up to and discusses its plans moving forward.”
This seemed worth posting as it gives you a quick snapshot of how commodities moved.
Things that piss you off…………..
TSA…….using more intimate pat downs.. zerohedge………come on……enough is enough ….
Flying is such a hassle now….. Agreed.
Manipulation and rigging is such a subjective topic now. The mere fact that people from all walks of life are discussing it suggests there is no doubt it exists, but to what extent? I personally believe it is rampant throughout the whole financial system but I cant prove it.
Where there is money, there is corruption. The markets no longer behave within laws of fundamentals and rationale. Just look at the dow jones. It is accelerating upwards on the premise that Trump is going to expand infrastructure in a profound way. And how is he going to fund all this… by accumulating more debt of course. This is perceived to be a sign of underlying strength within Americas economy… Yeh right!
Here in Aus, we have capital cities that on average are asking for 800,000-1,000,000 dollars for a house. And these are just standard houses for standard people on standard wages. Talk about delusions of grandeur.
Debt and financial hardship is the new norm throughout all of society, whether it is on an individual, state or whole nation level. Governments modus operandi proves this
The LBMA appears to be about to cease operations with respect to silver.
Note the takedown on Thursday occurred after the LBMA closed.
The CME/Reuters-Thomson which was providing the fixes each day are pulling its electronic platform., although they may offer an interim arrangement.
Here is the Reuters reference to LBMA benchmark ending:
http://www.reuters.com/article/us-silver-price-lbma-idUSKBN16A20G
That was actually a pretty balanced and well done interview on CNBC. Surprising.
They covered Gold & Silver, the US Dollar, Bitcoin, Rate Hikes, and Inflation all in a few minutes.
That is intriguing CFS. Will keep an eye on this
Paul Craig Roberts oi King World news:
http://kingworldnews.com/dr-paul-craig-roberts-3-4-17/
Are we soon going to see massive coordinated Democratic attacks on Gorsuch?
MIAMI (AP) — Not only is the Mexican government not building a wall; it’s spending $50 million to beef up its legal aid to migrants who fear deportation, a response to President Donald Trump’s crackdown on illegal immigration.
All 50 Mexican consulates in the U.S. on Friday launched legal assistance centers to form partnerships with nonprofit groups and tap lawyers to help those fearing Trump’s policies.
Clearly the US needs to stop aid payments to Mexico.
Rate Hikes ‘Meaningless;’ #Gold Has Already Bottomed
Mar 03, 2017 – #BMO #Video Interview
Guest(s): Pierre Lassonde Chairman, Franco-Nevada
“Mining magnate and chairman of Franco-Nevada Pierre Lassonde is confident in the mining sector for 2017, noting that gold prices bottomed over a year ago and should only move higher. Speaking with Kitco News at the BMO Metals & Mining Conference, Lassonde said expectations that gold prices will fall under pressure because of increased interest rates may be misplaced. ‘The rate hikes are meaningless,’ he says.”
Like I said………yellin watching is a waste of time………
Epstein end of day TA:
https://www.youtube.com/watch?v=HQ98brjgIlE