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Summer Has Ended Early – Here Are Key Events Over The Next Month To Watch

Cory
August 21, 2017

Marc Chandler, Head of Global Currency Strategy at Brown Brothers Harriman joins me to look ahead to the key events over the next month that will move markets. We discuss the Jackson Hole meeting, US jobs data, ECB and BOJ meetings, and finally the debt ceiling issue by the end of September. It will be a busy month as investors will be reacting to these ongoing stories.

Be sure to click here and visit Marc’s website. I visit his site everyday to get an overview of what’s going on.

Click download link to listen on this device: Download Show

Discussion
162 Comments
    Aug 21, 2017 21:06 AM

    @Goldfinger – “Global Zinc inventories are now at 11 days consumption as zinc price reaches highest level in a decade. “

    Aug 21, 2017 21:11 AM

    @HHorseman – “$GDXJ: …. Really got my attention now”

    https://invst.ly/4vg6h

      Aug 21, 2017 21:58 PM

      Charts of the Day: Some Interesting Patterns in Gold and Silver

      The Hedgeless Horseman – August 21, 2017

      http://www.thehedgelesshorseman.com/gold/charts-day-interesting-patterns-gold-silver/

        Aug 21, 2017 21:04 PM

        funny comment from one of the mod’s over at ceo.ca:

        @Vaughan – “please sweet baby Krishna make it to .25c or below. I will remortgage my house for $IPT. ”

        ___________________________________________

        I’d agree with that sentiment and Impact Silver continues to offer a great opportunity at present prices to get positioned.

        Most of the Silver thunder today was over to Dolly Varden again though on their continued drilling success:

        ____________________________________________________________________

        (DV) (DOLLF) Dolly Varden Intercepts 13.22 Metres Grading 772 g/t Silver-Equivalent, Including 2.60 Metres Grading 2,555 g/t, in the Dolly Varden Deposit Area of the Golden Triangle, Northwestern British Columbia
        by @newswire on August 21, 2017

        https://ceo.ca/@newswire/dolly-varden-intercepts-1322-metres-grading-772-gt

      Aug 21, 2017 21:00 PM

      Jeffrey Gundlach @TruthGundlach :

      “GDX pushing higher after breakout from 6 month pennant. Now up to near looong term downtrend. Break above that & it’s “Katie bar the door”!

    Aug 21, 2017 21:14 AM

    Gold’s Rally Against Oil Is Just Beginning
    By Dani Burger and Guido Riolo – August 21, 2017,

    https://www.bloomberg.com/news/articles/2017-08-21/this-chart-suggests-gold-s-rally-against-oil-is-just-beginning

      Aug 21, 2017 21:43 AM

      Might be a reason Mnenchin moving to look at the GOLD in FT KNOX…..audit the FED

        Aug 21, 2017 21:44 AM

        Need to keep the BASE happy……..

    Aug 21, 2017 21:46 AM

    What is the Background of BROWN BROTHERS…….concerning gold and the Presidents…

      Aug 21, 2017 21:06 PM

      Bitcoin to $6000……..hungry little giant……..

    Aug 21, 2017 21:18 PM

    Steven Mnuchin, Mitch McConnell to visit Fort Knox’s gold stash

    Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell are headed to Fort Knox to see its gold hoard first hand.

    Mnuchin announced Monday, while appearing with McConnell at a Chamber of Commerce event in Louisville, Ky., that he would tour the bullion depository so that he could personally attest that the roughly $200 billion worth of gold there is part of the government’s assets.

    http://www.washingtonexaminer.com/steven-mnuchin-mitch-mcconnell-to-visit-fort-knoxs-gold-stash/article/2632134

    Aug 21, 2017 21:54 PM

    Peter Schiff sinks fool socialist young jerk Cenk Uygur regarding high taxes and prosperity.

    https://www.youtube.com/watch?v=l-2zurVFtk8

      Aug 22, 2017 22:59 AM

      HOW about NO TAX……..

        Aug 22, 2017 22:00 AM

        Peter’s dad had some great articles on Tax and the IRS scam

    Aug 21, 2017 21:20 PM

    McConnell Vows to Raise U.S. Debt Ceiling Zero Chance’ Swamp Will Vote Against

    LOUISVILLE, Ky. (AP) — Senate Majority Leader Mitch McConnell says there is “zero chance” Congress will allow the country to default on its debts by voting to not increase the borrowing limit.
    McConnell’s comments came Monday during a joint appearance in his home state of Kentucky with U.S. Treasury Secretary Steven Mnuchin. It was one of McConnell’s first public appearances since President Donald Trump publicly criticized him for failing to pass a repeal and replacement of former President Barack Obama’s health care law.

    McConnell did not mention Trump in his remarks, and he did not take questions from reporters after the event. But in response to a question about where he gets his news, McConnell said he reads a variety of sources, including The New York Times.

    “My view is most news is not fake,” McConnell said, which appeared to be a subtle rebuke of one of Trump’s favorite phrases. “I try not to fall in love with any particular source.”

    http://www.breitbart.com/big-government/2017/08/21/mitch-mcconnell-zero-chance-vote-freeze-debt-limit/

    Aug 21, 2017 21:24 PM

    Poll: Mitch McConnell’s Kentucky Approval Rating Plummets to 18 Percent

    The approval rating of Senate Majority Leader Mitch McConnell (R-KY) has plummeted to just 18 percent, a survey from Public Policy Polling has found.
    The poll, which surveyed 645 Kentucky voters, found that just 18 percent of respondents approved of McConnell’s current performance, compared to 74 percent who disapproved. Seven percent of people said they were not sure.

    McConnell, who is the longest-serving U.S. Senator in Kentucky history, having represented the state since 1984, was recently criticized by President Trump for failing to pass the healthcare reform bill through the Senate.

    “Can you believe that Mitch McConnell who has screamed Repeal & Replace for 7 years, couldn’t get it done,” Trump wrote on Twitter earlier this month. “Mitch, get back to work and put Repeal & Replace, Tax Reform & Cuts and a great Infrastructure Bill on my desk for signing.”

    http://www.breitbart.com/big-government/2017/08/21/poll-mitch-mcconnells-kentucky-approval-rating-plummets-to-18-percent/

    Aug 21, 2017 21:26 PM

    Gun-Controlled Chicago: at Least 63 Shot, Eight Killed over Weekend

    At least 63 individuals were shot and eight were killed over the weekend in gun-controlled Chicago.
    According to the Chicago Tribune, over half the shootings occurred within “13 hours from Saturday to early Sunday.” This was followed by the shooting of 16 people during the day on Sunday, and three of the victims were shot on the same street—South Austin.

    The weekend violence brings gun-controlled Chicago’s homicides to 451 for the year, which is only 16 homicides short of where Chicago was this time last year. Chicago ended 2016 with nearly 800 homicides and roughly 4,400 total shooting victims.

    The weekend violence also makes August 18-20 second only to the Fourth of July weekend for bloodshed and mayhem this year. Breitbart News reported more than 100 people were shot over the Fourth of July weekend and the Chicago Sun-Times reported that 36 of those victims “[were] shot across the city in an 8-hour span of violence between 8 p.m. Tuesday and 4 a.m. Wednesday.” Six of the victims shot during that eight-hour span lost their lives.

    http://www.breitbart.com/big-government/2017/08/21/gun-controlled-chicago-least-63-shot-eight-killed-weekend/

    Aug 21, 2017 21:14 PM

    Majors vs Juniors – What Is Riskier? – Adrian Day Explains

    by @TomWallace (Junior Insider) on August 21, 2017

    https://ceo.ca/@tomwallace/majors-vs-juniors-what-is-riskier-adrian-day-explains

    GH
    Aug 21, 2017 21:19 PM
    Aug 21, 2017 21:29 PM

    Zinc Explorers 3 week continued strength as of 8/18/2017
    Argonaut Gold
    Trevali Mining
    Callinex Mines
    Mines De La Vallee
    Constantine Metals
    In Zinc
    GPM Metals

      Aug 21, 2017 21:55 PM

      What about:
      Tinka Resources
      Vendetta Mining
      Canada Zinc Metals
      Fireweed Zinc
      Pine Point Mining
      Heron Resources
      Zinc One
      Foran Mining
      Arizona Mining
      Galway Metals
      Great Bear Resources
      Ironbark Zinc
      Boliden AB
      Macphersons Resources
      Karmin Exploration
      Red River Resources
      GTA Resources
      Golden Rim Resources
      Alara Resources
      Kooetnay Zinc
      Metalicity Ltd
      Chieftan Metals
      Bunker Hill Mining
      Bowmore Exploration
      Hannan Metals
      Imperial Metals
      Overland Resources
      Orosur Mining
      Consolidated Zinc
      Encounter Resources
      Terramin Australia
      PNX Metals
      Rathdowney Resources
      Palamina Corp
      Puma Exploration
      Peel Mining
      Savant Explorations
      Slam Exploration
      Telson Resources
      Thunderstruck Resources
      Solitario Exploration
      Yorbeau Resources
      Venturex Resources
      Star Mountain Resources
      Taranis Resources
      Pasinex
      or about a few dozen other Zinc companies? 😉

        Aug 21, 2017 21:38 PM

        Shad:
        The ones I posted have had higher highs at the close on Friday of that week for three consecutive weeks.
        I have Argonaut on my Zinc Co’s over 1.00 list,I don’t know why and you are correct that they don’t have any Zinc exposure.
        Also USA.TO should be on the list.
        Thanks for the list I’ll check which ones I don’t have yet.Quite possibly some could have gained one week,went down the next and not made the list.
        These are not necessarily the best zinc stocks but they are showing strength.
        Also there could be some Silver stocks with Zinc exposure as well not on the list. Zinc Co’s.
        Abitibi Royalties
        Hud Bay Minerals
        Lundin Mining
        Imperial Meatals
        Ivanhoe
        Nevsun
        Arizona Mining
        Trevali
        EMX Royalty Corp
        Capstone Mining
        Lara Expl.
        Tinka
        Strategic Metals
        Globex
        General Moly
        Nevada Zinc
        Altair Res.
        Callinex
        Trigon Metals
        Mines De La Vallee
        Canada Zinc Metals
        Orosur Mining
        Foran Mining
        Pine Point Mining
        Hannan Metals
        East Africa Metals
        Salazar Resources
        Ascendant Resources
        Fireweed Zinc
        Nautilus Minerals
        Aquilla Res
        Vendetta Mining
        Aldridge Minerals
        Canada Zinc Corp
        Constantine
        Eagle Plains
        Canasil
        Caribou Rose
        InZinc
        GPM Metals
        Avrupa
        Taranis Res.
        Candente Copper
        Heron Res
        Silver Bull Res.
        Pacific Ridge
        Northern Shield
        Golden Goliath
        Fancamp
        Slam Expl
        Frontline Gold
        ExGen Res
        Pine Point Mining
        Thunderstruck Res
        Karmin Expl
        Excellsior Mining
        Americas Silver Corp

          Aug 22, 2017 22:52 AM

          Nice further list. I have most of those on my Zinc list as well, and still have even more to post, but most of the more notable ones are covered on both our lists above. There are still some larger commodity miners and more Aussie stocks to list, but that is PLENTY for investors to start digesting.

          Cheers!

            Aug 22, 2017 22:16 AM

            Some of those on your list are more focused on Copper though….

      Aug 21, 2017 21:00 PM

      Also: Why was Argonaut Gold on that Zinc list?

      I’m a big fan, and shareholder of (AR) but I wouldn’t consider them a Zinc stock.

        Aug 21, 2017 21:02 PM

        $AR $ARNGF Argonaut Gold Inc.
        Q2 2017 Results Conference Call – August 11, 2017

        #Gold #Producer #CorporatePresentation

        http://www.argonautgold.com/_resources/presentations/Q2-2017-Conference-Call-Final.pdf

        Aug 21, 2017 21:40 PM

        Just as a note AR.TO is showing three week continued strength.

          Aug 22, 2017 22:31 AM

          I have a feeling AR will continue until it is 3 years of continued strength.

          Argonaut is a solid mid-tier gold producer that could still easily be a 5-bagger from here, just to get back to previous highs, (when its assets and costs were not nearly as robust as they are today).

    Aug 21, 2017 21:00 PM

    Here’s some Silver. 4 month new high.
    Silver Grail Resources
    America’s Silver Corp
    BayHorse Silver
    Maya Gold and Silver

      Aug 22, 2017 22:29 AM

      NIce. Yes I’ve been digging the move in Bayhorse Silver lately.

        Aug 22, 2017 22:04 AM

        I watched a video a while back on BayHorse on You Tube. I was impressed with the President Graeme O’Neils commitment to keeping the float down.

          Aug 22, 2017 22:51 AM

          They are also using an Ore Sorting machine (and just proved how effective it was in a test batch of ore processed) to upgrade their ore and make it “Direct Shipping” grade. This keeps the costs down and allows them move down the cut-off grade of their resource because the grade is compounded upward by discarding 80% of the waste material at site.

      Aug 22, 2017 22:17 AM

      Silver grail has been moving due to the success at Tueton/Tudor and IDM as of late.

        Aug 22, 2017 22:26 AM

        The grail will be traveling with the Tueton Knight…… keep an eye on these silver plays, I have it from a good source………… 🙂

          Aug 22, 2017 22:49 AM

          Very chivalrous of you….

      Aug 22, 2017 22:29 AM

      Of course Americas Silver is destined for great things….

    Aug 21, 2017 21:18 PM

    Saw an advertisement on the web for Salt,I believe it was Salt Technology. They will lend you money and use your crypto as collateral. Couldn’t find the ad again or I would post it.
    None the less,an interesting advancement for the Crypto’s.

    CFS
    Aug 21, 2017 21:46 PM

    Saltlending.com

    CFS
    Aug 21, 2017 21:52 PM
    Aug 21, 2017 21:13 PM

    Thanks for the link CFS:
    Just finished World Without Cancer. Thanks again.Funny how almost everybody in my family has died of cancer and I’ve never heard of Vitamin B-17. You might have just saved my life.

      Aug 22, 2017 22:27 AM

      Im interested to know more John. Was this a doco about vitamin b17? Ive heard briefly of some benefits of this vitamin.

        Aug 22, 2017 22:51 AM

        Oz :
        This was a comprehensive read of the Political and Financial interests of the Medical Industry in the United States, those who control it, and why.

          Aug 22, 2017 22:05 PM

          I see. Thanks. Might have to look further into it.

      GH
      Aug 22, 2017 22:46 AM

      JohnK,

      Ty Bollinger has produced a series called ‘The Truth About Cancer’ and there is another one called ‘The Quest for the Cure’. These have aired online for free in the past, and I imagine they will again.

      My brief view on cancer prevention/cure: 1) gut health and good nutrition; 2) detox (remove toxins from food/environment and implement detox regimens periodically); 3) exercise, good sleep, positive mental/emotional state.

      Cannabis is very good medicine against some cancers. Again, a documentary was recently aired called ‘The Sacred Plant’.

        GH
        Aug 22, 2017 22:31 AM
          b
          Aug 22, 2017 22:00 AM

          Cant be true, only dopes smoke dope.

            GH
            Aug 22, 2017 22:30 AM

            Smoking probably IS the worst way to do it… they’ve got oils, tinctures, vaporizers, sublingual sprays…;-).

            In the plus column, a UCLA study trying to link smoking cannabis to lung cancer found the opposite–no connection.

            https://thetruthaboutcancer.com/does-smoking-marijuana-cause-lung-cancer-video/

            THC is more therapeutic for some things, CBD for others. THC is what makes people dopey. CBD apparently isn’t psychotropic.

            Then there’s juicing the raw stuff to get THCA–also no dopiness associated, but with powerful health benefits. Apparently with heat and drying the THCA begins to convert to THC, so the leaves or bud need to be fresh. The interview I saw (MS patient in remission) said it requires 50-100 leaves a day, or 1/2 ounce of bud. That’s a lot of cannabis–to get the benefits of juicing, one would need to grow one’s own.

        Aug 22, 2017 22:59 AM

        Appreciate the info G.H:
        The KE Report and the contributors are the best.
        Cheers my friend.

          GH
          Aug 22, 2017 22:48 PM

          My pleasure. Cheers 🙂

    Aug 22, 2017 22:45 AM

    I don’t hear many discussing Aura Minerals (ORA) in Brazil much lately, but they are a distressed producer in Brazil (like Jaguar – JAG), that I’ve been accumulating this year into their lack of visibility and unnoticed turn-around in process.

    Looks like it is starting to get noticed….

    Aura Minerals Announces Q2 2017 Financial and Operating Results

    08/15/2017

    http://www.auraminerals.com/Investors/News-Events/News-Releases/News-Release-Details/2017/-Aura-Minerals-Announces-Q2-2017-Financial-and-Operating-Results/default.aspx

      Aug 22, 2017 22:56 AM

      The words of a Movie maker……GOLDMAN SAKER……….the last line in the story says it all.

        Aug 22, 2017 22:56 AM

        CALL FOR AN AUDIT>>>>>DUMMY>>>>>>

          Aug 22, 2017 22:03 AM

          This so called VISIT……will never satisfy a gold bug….take some picture and have an assayer acid test random bars, with an audit of every bar in the joint.

          CFS
          Aug 22, 2017 22:01 AM

          I’m from the Government and I’m here to control you?
          http://bgr.com/2017/08/18/brain-hack-science-limb-control/

            CFS
            Aug 22, 2017 22:06 AM

            No kidding:

            For Sale: Hats. Special tin-foil lining.

    Aug 22, 2017 22:07 AM

    Trump………more troops…….following the path of ROME………joker is taking WRONG advice from BUSH’S GEN. HADLEY…..

    Aug 22, 2017 22:09 AM

    Denison Reports 3.7% eU3O8 Over 3.9 Metres From Initial Follow Up Drilling at New High-Grade Basement Uranium Discovery at Waterbury Lake

    by @marketwired on August 22, 2017

    https://ceo.ca/@marketwired/denison-reports-37-eu3o8-over-39-metres-from-initial

    Aug 22, 2017 22:57 AM

    http://www.stockhouse.com/news/press-releases/2017/08/22/amarc-and-hudbay-partner-to-advance-the-joy-copper-gold-porphyry-projectMan. I need to stay on top of things better. Used to watch the hunter Dickinson group of holdings as they seem to always make money in the end with their deals if you time things right. Forgot to keep an eye on Amarc that had great properties but no money. Now they have a second joint venture with hudbay.
    http://www.stockhouse.com/news/press-releases/2017/08/22/amarc-and-hudbay-partner-to-advance-the-joy-copper-gold-porphyry-project

    CFS
    Aug 22, 2017 22:26 AM

    Klondike gold trading halted?

      Aug 22, 2017 22:45 AM

      They messed up and put out a paid pump yesterday with information that apparently hadn’t been released to the market yet, and so they got halted, so they could place a retraction statement.

      __________________________________

      ‘The Company wishes to retract the quote in the article of “It makes the 20 million ounces that have been collected on the surface of the seem like gold dust. A mere flash in the pan.” This is an egregious statement with no technical merit, is misleading and a violation of TMX Venture Exchange Policy 3.3, 8.2 and is wholly and fully retracted.

      The Company wishes to retract the quote of “The verdict: Not only was Klondike’s property ‘good’, it was exceptional: It’s sitting on channel gravels that have given up 20 million ounces of placer gold (worth $25 billion USD today)”. This statement is unsupported and misleading, and disclosure of gross values of metal is a violation of NI 43-101, 2.3 – Restricted Disclosure. For clarity, the Company’s bedrock claims cover the areal extent of the Klondike placer ‘channel gravels’.’

    Aug 22, 2017 22:39 AM

    Hey ex I know you’re not into individual biotech plays but you may want to look at portage biotech. They hold 6.34M shares of a company called biohaven along with other subsidiaries. They are trading at least than 50% of what the biohaven holdings only are worth.

      Aug 22, 2017 22:43 AM

      I’ll take a look see, but yeah, I generally only trade the biotech ETFs because I have a hard time valuing proprietary information, trials, tech, medicine, etc….

      Wolfster – I absolutely appreciate the heads up though. Ever Upward!

        Aug 22, 2017 22:48 AM

        Looks like Theralase has good news out today as well, but I don’t own or follow the company very closely. Just saw it in passing….

        Aug 22, 2017 22:28 AM

        I don’t have a clue either but when I see something trading at .35 and just one of its assets is worth .75 I take notice. Especially when the person who pointed it out to me also pointed out gzz to me at .13

          Aug 22, 2017 22:13 AM

          Nice. Thanks again.

            Aug 22, 2017 22:37 AM

            No problem. Maybe you can figure out why it’s now worth .795 but trades where it does. I know there’s certain tax implications if they divest of biohaven but this is getting ridiculous

            Aug 22, 2017 22:09 PM

            I saw the information about their subsidiary Biohaven, but again that is where the valuation on these get a bit screwy and hard to determine. With miners I can estimate the reserves and metals prices in a deposit, or the projected ounces per year of production and remaining mine life to get a quick ballpark on a divested asset. With proprietary info, trials, approvals, etc… with pharmaceuticals it is much more challenging to figure out what they have tied up in Biohaven, or what they themselves have.

            Did Thom C. recommend it?

            Aug 22, 2017 22:41 PM

            No. It’s a friend who is in the investment field. Occasionally passes on a special buying opportunity

      Aug 22, 2017 22:24 AM

      nice Historical chart in the beginning portion of the article…….jmo

    BDC
    Aug 22, 2017 22:06 AM

    Very low risk JDST entry today – stop 57.99

    Aug 22, 2017 22:42 AM

    Inca One Gold Announces 109% Increase in Yoy Gold Production, Electrical Update and Changes to Board & Management

    August 22, 2017 – INCA ONE GOLD CORP. (IO) (INCAF)

    http://incaone.com/news/news_releases/index.php?content_id=199

    Aug 22, 2017 22:59 AM

    The commodity complex looks very weak to me. Sure Jackson Hole could turn everything on a dime, but I am not sure this time.

    FWIW, back in 2010, commodities started rallying a full month before QE2 was announced in Jackson Hole (probably GS and JPM frontrunning). Of course, commodities most notably silver, went on to spike bigtime into 2011.

    No rally before the news this time though. In a vacuum, the chart looks very weak to me and the June lows look almost certain to be taken out. Double bottom/reversal point? Maybe, but at that point, the 2016 lows will be spitting distance away. Now wouldn’t that be a nice little stop run?

    http://stockcharts.com/h-sc/ui?s=GCC&p=D&b=5&g=0&id=p63478216969&a=540682669&listNum=1

      Aug 22, 2017 22:09 AM

      We’re in a much different place in the cycle of all asset classes now than we were in 2010 (coming out of the 2006 & 2007 highs bullish period and followed by the 2008/2009 Financial Crisis).

      Apples and Oranges….

      Aug 22, 2017 22:17 AM

      Follow specific commodities instead of the basket. Many commodities are hitting new yearly highs as supply vs demand issues exist

        Aug 22, 2017 22:12 AM

        Bingo. Following a basket of commodities is a bad idea because Oil and Gold and Zinc and Copper and Corn and Coffee or Cocoa all have completely different drivers and are at totally different places.

          Aug 22, 2017 22:00 AM

          Copper finds new base level, volatility anticipated: Antofagasta
          London (Platts)–22 Aug 2017

          The copper market “is currently exhibiting unexpected strength, but it is unclear if this can be maintained although it does appear a new base price level has been established at $2.50-2.60/lb, [$5,512-5,732/mt]” Antofagasta plc said Tuesday.

          “The outlook in the mid to longer term continues to be favorable as demand is expected to grow at around 2% while supply growth remains constrained,” the UK-listed Chilean miner said in its half-year results statement.”

          “In the shorter term, “the market is moving to a tighter demand-supply position with a small deficit expected this year and next,” Antofagasta said.

          https://www.platts.com/latest-news/metals/london/copper-finds-new-base-level-volatility-anticipated-26791476?utm_campaign=plattsbulletinemailtemplate_dyncontent%20-%20new%20eg&utm_medium=email&utm_source=eloqua

          GH
          Aug 22, 2017 22:45 AM

          I largely agree, Excelsior, with the exception that I like to look at the indices for the very big picture–currencies vs bonds vs stock market vs commodities. I keep looking for a reversal of the stock market vs commodities but, while tantalizing, nothing definite yet to say that reversal is in yet.

          e.g.

          http://stockcharts.com/h-sc/ui?s=%24CRB%3A%24SPX&p=W&st=1980-01-13&en=today&id=p27924855680&a=492601791

            Aug 22, 2017 22:49 PM

            Yes, commodities did break down through that longer term trend-line off the bottoms, so it doesn’t look very rosy yet. I’m sure that Oil’s weakness coupled with Soft Commodities, Uranium, and Metals weakness has played a large part in that.

            However, commodities like Palladium, Zinc, Lead, Copper, and Cobalt have been on a tear for the last year or two, and Gold/Silver have been relatively flat compared to other commodities. I like looking at each sector in isolation for the most part.

        Aug 22, 2017 22:29 AM

        then and now……….

    Aug 22, 2017 22:23 AM
      Aug 22, 2017 22:47 AM

      GOP…..in deep doo doo

    b
    Aug 22, 2017 22:54 AM

    I dont see how they are Jerry.
    Standard procedure is the other head of the snake takes the lead for awhile.
    What ever it is will pass and at the right time the gop returns to prominence.

      Aug 22, 2017 22:54 AM

      Good point…..I forgot for a moment about the TWO HEADED SNAKE…..I was thinking there was a difference…….

    Aug 22, 2017 22:33 AM

    Sen Mc Connel’s comments that there is no chance Congress will fail to raise the debt ceiling along with new contracts for Boeing for new ICBM’s .Looks pretty much like business as usual to me.

      Aug 22, 2017 22:56 AM

      YEP

        Aug 22, 2017 22:58 AM

        That was kind of the jest of my earlier rant, concerning TRUMP and the deep state general Hadley……more war , more taxes, more poor citizens….ROME at it BEST

          Aug 22, 2017 22:58 AM

          it to it’s

            Aug 22, 2017 22:01 AM

            Snowman par three,rest looking for ball in tall grass.

            Aug 22, 2017 22:07 AM

            FOUR>>>>>> 🙂

          Aug 22, 2017 22:00 AM

          With all this war talk………silver should be sky high……..they need silver for bombs….

            b
            Aug 22, 2017 22:10 AM

            It is and will be business as usual until we are all dead…unless the Chinese and Russians figure out how to stop us.

            As for silver going up, like gold we dont know supply.

            Also, if it was considered essential to have it it would just be made illegal to own.
            What would anyone do with it when possessing it carried a 20 year sentence?

            Moe likely when tptb wants it, they will let the price rise enough that some people sell, when they have what they need down goes the price.

            Aug 22, 2017 22:16 AM

            Silver stinks………silver stealers.net …..Steve S…has it pegged….jmo for today, might change my mind tomorrow….but,as long as the cftc and sec are still jerking the chain, nothing is going to change.

            b
            Aug 22, 2017 22:35 AM

            Ya, Ive read that stuff, not from that site tho, so there are a few people telling the story.

            Ya gotta wonder just how much they have stored after so long collecting metals.
            Thats why we really cant know supply.

            The supply demand equation is pointless.

            b
            Aug 22, 2017 22:39 AM

            That equation is what so many PM pumpers use to promote themselves.
            And it totally irrelevant.

            Aug 22, 2017 22:27 AM

            One silver mine, in the top 10 , which I posted , has been producing since 1550….makes you wonder about the supply.

    Aug 22, 2017 22:03 AM

    CRYPTO Magic…….2000 % return……..in Hedge Fund
    http://www.zerohedge.com/news/2017-08-22/cryptocurrency-hedge-fund-returns-2129-ytd

    CFS
    Aug 22, 2017 22:04 AM

    The Internal Revenue Service is using bitcoin transaction tracing tools developed by startup Chainalysis, according to a new report.

    Documents obtained by Washington publication The Daily Beast show that the tax agency has been using the startup’s software since 2015.

    Additional data from the General Services Administration, which handles the US government’s logistics, indicates that the IRS has an active contract with Chainalysis that is valid through the beginning of September. To date, the IRS has paid Chainalysis more than $88,000.

    The IRS states in the documentation that it’s using the software to “trace the movement of money through the bitcoin economy,” going on to explain:

    “This is necessary to identify and obtain evidence on individuals using bitcoin to either launder money or conceal income as part of tax fraud or other Federal crimes.”

    While it’s no secret that US officials are interested in closer oversight of cryptocurrency activities – a group of influential senators pushed for this kind of policy shift in late May – the IRS contract is notable given the tax agency’s investigation of potential tax avoiders and its ongoing lawsuit against exchange startup Coinbase.

    As previously reported by CoinDesk, the IRS wants to obtain several years’ worth of data on customers of Coinbase.

      Aug 22, 2017 22:08 AM

      CFS: I’ve always found that owing the IRS is a good thing.

        Aug 22, 2017 22:11 AM

        You’re like Willy Nelson…….he wondered why the IRS would loan him $7million….. 🙂

      Aug 22, 2017 22:10 AM

      Chainalysis……is going to hack the IRS……..

      b
      Aug 22, 2017 22:22 AM

      J Rickards said a few times the irs was following the cryptos.
      reminded people to remember to pay tax on profits.

        Aug 22, 2017 22:30 AM

        They should just tax the Fed, since, they are 100% profit…..no cost , no overhead

      BDC
      Aug 22, 2017 22:22 AM

      Currency used as money is dependent upon confidence.
      Destroying confidence in crypto will destroy it.

      Aug 22, 2017 22:00 PM
        Aug 22, 2017 22:01 PM

        Young people need to think about this because……..Social Security is BROKEn

    Aug 22, 2017 22:37 AM
      BDC
      Aug 22, 2017 22:53 AM

      His investment has nothing to do with the truth of it.

      BDC
      Aug 22, 2017 22:15 PM

      It’s likely that cryptos will be discussed this week at Jackson Hole, even if only secretly behind closed doors only.