A Special Editorial Commenting On The Surprise Fed Rate Cut Down To 0%
If you missed it the Fed cut rates today (Sunday) a full 1% down to 0-0.25%. This move really surprised me and seems to have amped up fears that were already at extreme levels. US future markets already went limit down tonight.
Chris Temple joins me for a special daily editorial sharing our thoughts on this surprise rate cut.
Click here to visit Chris’s website. It’s well worth your time especially with all the special reports he has been releasing during this market crises.
The full file is uploaded now. Sorry for the delay.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>YOU MOVE………
Finally…………O>>>>>>CORY IS BACK LIVE>>>>>>>>>>>>>>>>
Jerry….Bottom left
You did not see my secret move……..
Asleep at the switch…………………..
Zero Rate……Zero Sound…………….HELLO……Operator…..anyone there…..
Irish………….did you pay the electric bill…………..lol
NOOO…I thought you did….or was it AL’s turn this time , ever notice how ebo always keeps his hands in his pockets .
Ebo……..was suppose to turn on the switch………he must have thought we said…
Get the Witch……he has been after Witch Nancy lately…..he is all confused … lOL
Sorry, I was taking Joe Biden’s advice. I was listening to the record player.
Irish and I , have decided to dock your pay………Oh, wait , we are in zirp, so you owe us, Please forward your pay to Irish, ….for safe keeping…. 🙂
I gotta ask Uncle Joe for my allowance first. Maybe in the meantime Romney the Romulan will get my that $1,000 check.
A new infection OOTB ?
Same old crap……….virus….a go go…………
Kuwait a kweken recovery i hope no relapse ?
While we wait…………..some entertainment……….
Italy’s best……..
https://www.youtube.com/watch?v=4L_yCwFD6Jo
Jerry …You allready linked that , you forgetfull old fool.
Go to the next one………..those kids are from your neighborhood …….
These kids are good…….
https://www.youtube.com/watch?v=ZsNlcr4frs4
go to 2 min mark……
Jerry….Thats the magic of people.
Hope you enjoyed……..The big guy……is on the big stage now, I believe…..
There is a lot of good talent out there….beside Rap….
Jerry….I dont know why , but i just got a mental image of Big AL & his little blond Lady in the shower together , singing that song….S**T he’s going to send me to the KER prison for saying that.
Ha,……..Big Owl….would look good with those curls……lol
Vince Vaughn – Couples Retreat
“You’re too busy complaining about all your problems to enjoy all the beautiful little fishes…”
“We have a real problem here…” “It is not a problem it’s the circle of life…”
“The Circle of Life is circling our lives… right now” “Do not move, do not Panic” …..
“OK we just hold tight, we play it cool, we don’t make a move.“
“You said NOT to panic!!”
Haha priceless Ex!
Just a little levity in a stressful time for everyone.
Jerry…seen as how we are the only two on here do you fancy a game of noughts & crosses to pass the time…i will go first…top right corner…your go.
Your move next……….go to the top……
Jerry what was your move ? get a piece of paper & a pen mark my move & then yours.
X marks the spot……… 🙂 Did you go to the top of the page….
X ……..in the middle block………… 🙂
X……….lower left corner……… got ya……. 🙂
Sidney Powell | How to Fix Justice https://www.youtube.com/watch?v=LTV1Y_QuZOM
Sidney Powell Drops Major Truth in Speech (Hillary Is Going DOWN!)
Diss is A HI TEC Military Internet take over in a Green New World ! Poverty in a Internet IA Brainwash Drama No Real new world ! G5 is the Take Over !
Sidney Powell’s Creeps On A Mission website https://www.creepsonamission.com/
Well currently $Gold is going up since the #Fed cut the rates 100 points:
Gold currently up $28 to $1544
I want to see…….$1696………
I want my own island in the Mediterranean.
https://images.search.yahoo.com/yhs/search;_ylt=AwrEZ6p38m5eBEkAYQIPxQt.;_ylu=X3oDMTB0N2Noc21lBGNvbG8DYmYxBHBvcwMxBHZ0aWQDBHNlYwNwaXZz
Oops. Those islands went off the grid.
How about this link instead?
https://www.bing.com/images/search?q=mediterranean+islands&FORM=HDRSC2
Of those Islands, Rhodes is probably my favorite.
Hate to tell you, but Malta is shut down and locked up like a Swiss vault already.
Switzerland is close to shutting down too
(All schools and universities closed.)
Not safe anywhere. Reunion just got first confirmed case.
Not interested in the islands for coronavirus fears, as that will all pass in the next few month, but rather I just want to get away from most humans and like being mostly surrounded by nature to relax.
In that case Crete and Cyprus are probably least densely packed.
Sounds great. I could walk the Minoan mazes in Crete for a spell, dip my bread in fresh olive oil, and sip on a glass of wine, from some little terrace, watching the oceans tides roll in.
I thought I had prepared well for this kind of a market, but lately watching my investments has felt like this:
Come to Australia, were an island and not very densely populated. Many people are dense in the head mind you!
Haha! It is on my bucket list and I’ll get there eventually.
I’d love to get Powell in a poker game….he couldn’t bluff his way out of…..
Martial Law this coming Week ?
Certain cities in LockDown soon after.
The Coronavirus Is the Way to Martial Law and Total Control Over Populations
March 6, 2020 – by Gary D. Barnett
George Carlin – Germs, Immune System
Reminiscent of what quality guru used to say about big manufacturers in this country: “Just another sign of their desperation and incompetence.”
Rhodium made it through the carnage unscathed. $13,600.00, amazing.
Biden helped himself with the Debate tonight, but he will NEVER be elected. Don’t forget Ukraine.
Here in Aus, our common market, the ASX 200 just had its worse day in history. Down 9.7%. The Aussie $ is at 12 year lows. Weve already had a round of federally backed stimulus packages implemented nation wide with meetings in government to implement a second round of stimulus. Most states have initiated their own state wide stimulus packages. Interest rates are at .50%, their lowest on record and a further cut on Thursday is almost guaranteed. Our unmatched 30 year run without a recession is almost 100% certain to end. Peoples superannuation accounts (retirement funds) have been smashed due to the financial markets. Many work sectors are already feeling the affect from Coronavirus even before its gotten out of control (the numbers suggest thats not far away mind you). Supermarkets and hardware stores are being emptied at unprecedented levels. Historic strict border restrictions are in place. Compulsory isolation and large gathering bans in place with significant fines in place if broken.
Yep I think this could be the black swan many tipped to fly in sometime soon. How long it lasts is anyones guess???
UK will announce self-isolation for FOUR months for all citizens over 70.
Travel in Australia to be serious cut:
https://www.sbs.com.au/news/airlines-slash-schedules-jobs-and-pay
Update: Replace the word likely with imminent. $13.72 and sliding. Ouch!!! All the while the US, and many other countries for that matter, undergoing fresh money printing packages or slashing rates to historic lows, or even both.
Whether silver is considered money and valuable or not is not up for debate. Because what is apparent is that this particular metal has become so badly pummelled and out of favour that it is now given little thought as an alternative investment in troubling times. The masses have voted unanimously that it needs to be sold, and quickly!
Where golds sister metal ends up, who knows? I personally cant rule out the GFC era low of around $9. A few weeks ago I would not have thought that even possible. Then again I wouldnt have thought that it was possible for an entire country to close its borders a few weeks ago either.
Ultimately, the early stages of this fresh GFC are proving eerily similar to what happened in 2008 in regards to panic selling and margin calls. In a broader sense it is possible that this downturn we are witnessing could become prolonged as it is widely viewed that the Coronavirus issue is going to get worse before it gets better. Also with interest rates already being so low in many areas throughout the world for so long, these fresh cuts are doing little to improve investor sentiment as low rates are now treated as the norm rather than the exception. Todays market performances would also suggest the same view is applied to stimulus packages and money printing. This is worrisome to say the least.
Glad , I did not buy the other day……man $13…….now that looks cheap…..must be going to $11……..$17,000 Dow , does not look out of the question…….Negative rates…..Shut downs all over the place…….
You state on silver,….some great thoughts……..as you say….silver considered money , might have just changed…..sure getting trashed……..
Should be statement……….early morning here, have one eye open….sorry
Silver to fall below 2015 bear market low now seems likely. Wow!!! Well played JPM! JPM – Jail Precious Metals!
JPM…………with a little help from his friends…………..govt…buddies……
Maybe silver never was a monetary metal after all… Of course Im joking but one wouldnt think so looking at its price action of late.
And there she goes… New low in silver, and how!!!
GSR……………….I think this is History 115 to 1……..
silver $12.82……….
Platinum………back to the dark ages……
$641……..Platinum…………..crazy
Now GSR………..116……
Switch blades are out…………
Yep this is certainly one for the ages Jerry! When I said to wait for lower prices to purchase silver I certainly didnt anticipate such a decline so quickly. Looks like gold wants to join in as it falls through the 1500 handle. Cant think of whats up at the moment apart from maybe bonds… ahhh of course, toilet paper!!! The new currency of the world.
Yes,,,,,,,,Who would have thought………this is just unbelievable ……..
Well, not really , unbelievable……Retest of the lows , seem likely, on silver, not sure on Gold……I still think the masters of the world, still like gold…….Oil is taking a beating….Russia, China, Saudi,……..all like gold….Plenty of Oil, and renewable resources for power. Gold….Have to think, that the gold is not going to be given away.
Does not mean…….London players along with Little Brother Crimex, is not going to beat the heck out of both…..
Fast and Furious.
No grinding bottom like 20 years ago.
Silver $12.50…………..like JOKE……….
Sure as hell can not buy any at that price……….Try $15…
$12.13………..insane…………
IF, it goes into $11…….I am a buyer…………
Yes I would be buying too. Plenty of upside potential in the long term. Still a fair bit of downside potential in the short to mid term.
S11.78……..silver………
The $11 handle has been hit. This is truly an historic move in metals across the board. Ive only been in metals for 10, 11 years but I have never seen a price take down in silver like this in such a short space of time. I mean we are not even 8 hours into the trading day and it is down nearly 20%! This stinks with a capital S!!! Come on recovery! Wishful thinking perhaps???
Ditto……….on HISTORIC…………
Only time it might have been a little different, ….is in the 70’s
There’s no point in buying any precious…..you won’t get delivery before the system closes down.
No……..you will just have to drive down the street……to Winchester, Indiana…..
I will pick you up some……… I am 80 mins away….. 🙂
I will call my buddy Tony at the mint this morning…..
I told you guys last year………I would be more than glad to store your silver… 🙂
I think we just saw the lows………….in silver……..you have to go way back in 08 to see that price I think…
Can still do a direct purchase at the Perth mint… Last I checked anyways!
Some decry that too many Jews become FED chairmen; however, a Shetar based Jew would never have taken these actions.
Another FAKE JEW……..in the woodshed………..
In the near term, deaths will double every week.
I don’t see how politicians can do anything but close most everything,
and wait to see what’s left standing as the death rate eventually falls.
THE WORLD IS GOING TO BE IN LOCK DOWN SOON.
WE JUST DON”T KNOW IT.
POLITICIANS WILL HAVE TO BE SEEN DOING SOMETHING.
THEY JUST DON”T REALIZE THERE”S LITTLE THEY CAN DO.
I hope I don’t see Mad Max.
I thought you were taking a vacation……….No, citizens…….should just be careful, and take to the streets, and find Gates and have him cough up the vaccine……
Thats a grim outlook cfs, not that Im syaing your wrong.
Ahh all good everyone, silvers recovered. It now sits at a hefty $12.70
Last time silver was around these prices was 05 , and 2006…..looking at a chart.
I thought it was 08,…either way……long time ago…..
The rotation is pretty predictable.
The “SMART Money” always knows what to .
https://finviz.com/futures_charts.ashx?t=ZB&p=m1
What is happening here is DD, not Due Diligence but a Deflationary Depression. Even with all my planning I still see cracks. Toronto Real Estate is in double trouble bubble, a lot of people have been waiting for this moment but few who wanted to capitalize on it will be prepared. DT
Well, when you jump out too soon, ……you look like and idiot…….to some….
But, this turn down, ……is long in the making………Interest rates should never been about to get as low as they are………everyone would have been fine with 5%…
No, the greedy FRAUD FED, have kept this junk going , starting with GREEN WEENIE SPAN
Good Morning D.T.
You could also call it DEBT Depression.There was a price to be paid for the excessive money printing. I am not surprised at the speed at which events are transpiring.
Your comments about the “machines” and artificial intelligence are being exposed in real time for all to see.
I don’t like the looks of things this time. Although I am not a short seller, I can say I wasn’t caught off guard this time. The first time in over twenty years of doing this I wasn’t blind sided.
Bitcoin with a “4” handle. West Texas Crude with a “2” handle. Can you say MUTTON.
I am working on my cup and handle in gold……… 🙂
DOW Downer again………22oo, and sneaking a peak………
IMF says it’s ready to mobilize its $1 trillion lending capacity to fight coronavirus
https://www.cnbc.com/2020/03/16/imf-says-its-ready-to-mobilize-its-1-trillion-lending-capacity-to-fight-coronavirus.html
ZIRP UM…………….that there virasss
Good one Jerry.
The IMF is another entity that will print until they run out of ink.
ALL part of the same scum bucket……..
Hope he was able to get some toilet paper…looks like he just shat his pants.
https://s.marketwatch.com/public/resources/images/MW-IC307_Powell_ZQ_20200315230600.jpg
I think he is still using corn cobs……….Ya, know , Old school thinker….
Or, maybe , he likes the Sears Catalog pages……
When Greece couldn’t pay it’s IMF loans 3 or 4 years ago, the failure of the treatment became obvious to the point of humiliation and The IMF lapsed into silence. DT
Rhodium…….getting wacked……at…..$7000
Hi Jerry.
Could you post a link.
Trading Economics hasn’t updated as of yet.
Kitco……….JOHN………https://www.kitco.com/
Thanks Jerry.
I keep going back to 2007 when Rhodium and Uranium both made epic runs.
They say history doesn’t repeat but it rhymes. This time I bought lumber, worst case scenario I can build another house.
Heck, John……silver is going to take off, ….it is back to it’s old price back in o6,….
just before , it’s epic run to $49…….. 🙂
Lumber……..not sure about that one, …..There are plenty of house, coming on the market,…McMansion Phase 2……….I think
house to houses……..
I will add that air gun nails, screws and fasteners wouldn’t have been a bad investment 4 years ago either.
Tell me there is no inflation.
The trend is going to be the opposite. Smaller will be better. If Warren and Charlie have their way they will have everybody living in apartment buildings.
There has been a big demand, for nail guns… at the Democratic Nat.C……Understand Hilly and Billy,
are cornering the market, in case they get back in office……
Charlie and Warren…..are in their hidy holes with Gates……
Agenda 21, ………the entire govt. ….is on the scam list….
State, and Local……..in some cities……..this is not going away.
Most people have not made the connection with the Franklin Affair, Boys Town and Omaha Nebraska. Really Ugly.
People are so far behind, ….Most do not know what you are talking about…..
Boys Town Memorial Coin…..was on sale a couple of years ago…..Under the OBAMA Mad House…..
I had a good friend, now passed on, He was a German born in Omaha who moved to Central Minnesota and started a Mexican Restaurant and made a small fortune selling Margaritas. Go Figure.
Warren and Gates…….both had dad’s in the system……both connected….both scam artist….
Jimmy Buffit……………..lol
I have just started recently buying collectible currency. The 1914 $10 note on the back shows them harvesting hemp.Today I think they call it Marijuana.
I have been a serious collect of currency for years……..I have one that they pictured on one of the currency books………
I have been collect since 1976…….If, you need any help let me know….
A lot of may current stuff, is graded…….and a few one of three known…not bragging just like collecting and helping……
collector…..collecting……brain faster than this junk computer…..sorry
At one point I considered numismatics, but I never purchased. I’m kinda kicking myself now.
I did manage to get some Morgans at a really good price, not graded though.
What are some of your thoughts on the currency? I liked the “POT” harvest. In the words of Willie Nelson “Everything is going to POT.” I figured that would be a good starting point.
my…not may……you can see I get excited when someone likes currency collecting… 🙂
If, more people understood a little about collecting currency, they would get a history lesson on the role of Central Bank, and the fraud…..it is…
First, start with what you like………and find out as much about it , as you can…..
see…..Next, buy the best, condition , that you can afford, ……and find out how many still exist……….Remember….ever current currency……in circulation only last about 18 months…..
Do you have any books…………?
You might get connect to the Heritage Auction site……….tune in to some of the live auctions…….if, you have not done so.
Just getting started. No books. I just realized how stupid that sounds.
Currency is like a supply and demand………….you need to know how many still exist…
Only get a book that has….the number of made …
Do you know anything about STAR NOTES…..?
Lost Ball, Tall Weeds
Hey………..we are all learning……everyday………
Reason, I asked you about Star Notes……..many collects know nothing about star notes, in the Blanket Size,….some of this info…has been revealed in the last few years…
I talk to a lot of dealers, who do not know their arce from a hole in the ground, concerning currency….
The note that you collected…….is a Blanket Note,….named because of he size….
So, if you collect blanket notes,…..you will want to see if there are any star notes ,
which will be worth..more….like anywhere between 3x the value of a regular note in the same condition…..and MORE RARE,..more the value…..
Thanks for that Jerry. And I thought the harvest was cool.
You might like the EDUCATIONAL NOTES……Silver certificates….1896…
I’m on it.
Start with picking up a good picture book…..of the currencies……
It, is really helpful…………….JMO
This large size 1896 note is the first issue of the famous Educational Series.- considered the most artistically accomplished of all U S currency.
Listed No. 7 in 100 Greatest American Currency Notes.
Good/Very Good. $535.00
Every day that you learn something new must be considered a good day.
Who knew they had $2 notes in 1896?
thanks Jerry
John……….you are welcome………anytime you have a question, on currency, feel free to ask……I have been studying currencies since….1988? about….collecting started earlier, then I started studying and getting serious…
Is it time to sell all my oils, tobaccos, and drug stocks and put it all into JNUG?
LOOKIE< LOOKIE………….Zerohedge finally caught on……
https://www.zerohedge.com/commodities/silver-crash-11-handle-11-year-lows
Dow is in serious trouble …………….JMO
Both AXU and IPT have recovered from a dramatic decline this am. DT
IRA GETS IT.
New York manufacturing….in the toilet….told you he gets it.
Oh, look……….gold getting a bid………$1515….
NYA reversed at a big important fork support that spans over a decade:
https://stockcharts.com/h-sc/ui?s=%24NYA&p=M&yr=20&mn=11&dy=0&id=p10312264844&a=634927121&r=1584372766482&cmd=print
For the Economic EXPERTS out there>
HAVE YOU EVER HEARD IN ECONOMIC THEORY, WHEN SUPPLY GOES DOWN, THE PRICE DROPS THROUGH THE FLOOR ?
Go on just try to tell me precious metals are not being price manipulated.
(I know it partly because people are scared and have no immediate use for commodities.)
But deaths from Covid-19 WILL END EVENTUALLY. Then everything will inflate, because SUPPLY SYSTEM WILL BE BROKEN for a long time after the end of the Covid-19 tragedy is perceived.
Tell…………CFTC………public watchdog they should be….It, is really a dis service to the public,,,,,,,,,,,but, they are part of the CON…..
I hate to tell you this but gold and silver aren’t copper and lead so what you call supply going down doesn’t mean what you think it does.
The monetary metals always have vast supplies that can come to market instantly. This is a fact whether the metals are manipulated or not.
Good comment Mathew.
I think about that often with JPM’s hoard of Silver.
Good comments as usual ……
The precious metals prices are determined in the Futures Market, correct me if I’m wrong. There are a limited number of participants running the show. They also have the blessing of the CFTC. Time and time again we have seen this play out. At some point sanity will have to return. Hopefully before something more drastic happens.
Logical areas/place for Short term bounce..Confluence of the .318 plus the .618 retracements off of 2009 and 2015..Smack into long term trend line…imho
Anybody else been nibbling down here? Plenty of blood on the streets…
Yes, the S&P is at an important juncture:
https://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=8&mn=9&dy=0&id=p73350522379&a=413006120
Matthew there it is again..Two totally different systems seeing same….when the 240 minute is a buy in my system..i will look for the 30 minute to give me the next cycle up entry…that is my plan
Isn’t it wild? I’ve noticed this phenomenon for year with multiple systems/approaches.
SIL is now up around 14% while SLV is down around 11% and SIL:SLV tells me we probably gave a significant low in place:
https://stockcharts.com/h-sc/ui?s=SIL%3ASLV&p=W&yr=4&mn=5&dy=0&id=p22818087958&a=727622353
*for years, not “year”
Vertical moves almost always get fully retraced and now we’ve seen just that with the 2016 move. So the rise since last summer turned out to be the building of the firepower needed to complete the job.
The miners should now blow away the metals in a way that we haven’t seen in years and I don’t think we’ll have to wait long to see it.
https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=4&mn=6&dy=0&id=p05631276259&a=616892453
Wow that’s a pretty bold statement Mathew.
Do you believe that the mining stocks can rise in the face of a stagnant, declining over all market trend?
I’m thinking about the earnings releases that are yet to come for the other than the mining stocks.
Any thoughts?
I will admit that I piggy backed your call into BBB.
I have more BBB than ever and kept buying down to under 10 cents (Canadian, of course).
JAG was down 28% today, now it’s up 2.8%…
https://stockcharts.com/h-sc/ui?s=JAG.TO&p=W&yr=4&mn=2&dy=0&id=p87961922768&a=723327670
Yes, the miners can easily rise in the face of a stagnant, declining overall market trend. It’s crashing stocks that pose a problem.
In 2001, the HUI more than tripled while the S&P fell about 50%.
Thanks Mathew.
The day you took time to explain grade and price was a turning point for me. Thanks for your wisdom and charts.
That’s great John, you’re welcome.
GLD 1hr chart
https://stockcharts.com/h-sc/ui?s=GLD&p=60&yr=0&mn=2&dy=0&id=t2981650019c&a=726841905&r=1584376979679&cmd=print
Thanks to the collapse in oil, the real price of gold is much better than most think despite the large recent drop. So the miners should rebound very well even if gold is stuck in a range for awhile.
gold futures on monthly….Bullish structured TAS profile with support at 1439…That is my trade area based on daily and 240 entry signals
chart oops..
https://tos.mx/5eWEU9b
The support based on the monthly high closes of 2011 and 2012 will be a buck or two away from 1439 in April…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&yr=11&mn=11&dy=0&id=t7754795846c&a=712970417&r=1584378533663&cmd=print
Just back from Spring Break with my wife and kids. Glad I was at the beach and not watching the charts all week! I did manage to buy a little Metalla last Thursday near the low after selling a small short position I had in the general market. We live in interesting times. Being sent home from work today. Ohio is pretty much shut down. Its like being on a different planet compared to the beach!
Hi CORY…Something is wrong,,,no podcast.