Addressing the market reaction to Powell’s prepared statement to Congress
After reading through Powell’s prepared statement to Congress it seems as though a July 25 bpts rate cut is a done deal. Chris Temple and I comment on the market’s reaction, which is much in line with what should be expected. We also look at the oil sector and what is driving crude to almost $60/barrel.
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Gold is looking Beautiful ! Up Up and ! https://www.youtube.com/watch?v=ja0EeLCraXI
MORONS……….Libra, Libor…..what a hoot……
Try about 56 Min. Mark……..for a funny of the day….
Maxie Waters, and these people do not have a CLUE….
NICE Move on GOLD today…………
Chris is certainly entitled to his opinion on silver but for investment purposes, I like what Michael Oliver said in an interview with Jesse Felder today.
Silver’s lack of movement relative to gold is not a surprise to every silver investor. The action has been pretty typical of past gold bull markets. Gold usually does lead and that makes sense. Making matters worse for silver this time is that it suffered a much more “bubbly” end than gold in 2011.
Silver will rise versus gold soon enough but a GSR of 30:1 or less could be 10-15 years away. Even a move to 60:1 could take longer than many think but that’s ok, the silver miners will spank the gold miners as it gets there.
The whip and buggy comparison is completely misguided but I’d bet John Kaiser and Brent Cook agree with it.
Dear All, Friends & Family,
I have been telling you ever since crypto currency entered into circulation that they were an experiment by the central banks looking towards a replacement for the US dollar as the sole reserve currency. It is also my reason for expecting that the second reset to take hold is in a very serious economic currency upheaval. The double transition will take place between June of 2019 and 2025. This is not positive to the US dollar nor terminal.
Silver: JP Morgan and no regulators. Answers all questions about silver. Put Jamie Dimon in jail and see what happens.
GARWF- I for one have bought 60K shares over these last number of weeks under $0.15, doubling my position.