Rick is back and sharing his thoughts on the set up in gold
I’m happy to report that Rick Ackerman is back! We look at the gold chart on a short term basis and discuss a couple trades Rick is making. I will be chatting with Rick on a weekly basis so stay tuned next week for more technicals from Rick.
Ricks picks
Welkom bake rick . GOLD is the MAN !
Thanks, James. We’ll be ready when bullion takes off.
Look What They Just Did While Eyes Are On Impeachment- House Reauthorized PATRIOT ACT
Yes, markedtofuture, as I reported this the other day, it was buried in a continuing resolution, but only extended for 3 months.
Or have they passed a new bill extending it properly?
China (and the world economy) at the end of the road
Tuomas Malinen – GNS Economics
https://gnseconomics.com/en_US/2019/11/20/china-and-the-world-economy-at-the-end-of-the-road/
I wonder if Frau Merkel can actually save DB…..I suspect there is not enough money available, since Germany is in the EU. (and not independent monetarily like the UK.)
DB HAS been at the US Repo window and is one of the biggest banks sucking out dollars.
I dislike that INTENSELY, because I suspect the “collateral” deposited by DB is in reality much less than cash obtained and I see the US eventually being cheated.
China lowered its internal interest rate, so it is following MMT, which attempts to theorize that carrying cost of debt is more significant than the amount of debt.
That is, of course, only true until monetization used to lower interest rates and carrying cost destroys the currency. (But kicking the can down the road is easier than remembering Zimbabwe and its ilk.)
McCalvany:
https://mcalvanyweeklycommentary.com/
Interesting:
UN on rights to privacy:
https://news.un.org/en/sites/news.un.org.en/files/audio/2019/11/15nov2019-podcast-uncomplicated-privacy.mp3
MYSTERIOUS VOTE AFTER IMPEACHMENT ON HUNTER BIDEN ROLE IN BURISMA
https://www.youtube.com/watch?time_continue=152&v=ytMYdtLz8cA
Nothing mysterious.
Shifty Schiff just held a vote NOT to subpoena Hunter Biden.
It was held when many Republicans were not present, so the Democrats were guaranteed a win.
The other votes were to deny Republican access to documentation.
I warned folks in this forum that this tactic would be used by the Democrats, to avoid the recorded votes of Democrat Representatives running in 2020 from states that Trump won in 2016.
(So that their voting along partisan lines could not be publicized against them.)
A similar tactic will probably be used to impeach Trump after these hearings are over.
I expect gold to really take off a short period of time (weeks) after we reach the Minsky Moment.
https://en.wikipedia.org/wiki/Minsky_moment
Just as in 2008 we are heading to this moment, with the marked difference that this time we (the US) will not have enough money to throw at the problem, to pull us out.