1. Same story, different day...........year ie more of the same fiat floods the world
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  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
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Ramblings

Discussion in 'Topical Discussions (In Depth)' started by Scorpio, Feb 5, 2014.



  1. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    Living in a very rural area has necessitated many online purchases for finished goods. The nearest consumer oriented town to us results in a 70+ mile round trip...

    I gotta give kudos to the USPS, UPS & Fed-Ex & their employees these days... Highly organized, fast & efficient delivery services has been my experience. I personally think Bezos is scamming the share holders with his so called proprietary "delivery" system (growth). It may prove successful, but only on a very limited scale in very populus big city areas only. AMZ would only be duplicating efficient services that already exist.
     
    andial and Scorpio like this.
  2. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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  3. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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  4. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    If'n folks can just dig 2,500 tons of gold outta the ground every year, why do people expect it to continue to be worth anything? Seems to me it is a losing proposition if we ain't burning/using that much per year.
     
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  5. solarion

    solarion Gold Member Gold Chaser

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    Cuz:
    [​IMG]
    ..and most of those 7.4 Billion people believe that gold has a limited supply and will eventually run out. Still I think your point has validity. I mean, not much gold is really consumed or deployed in such a way as to make it difficult to re-purpose later. It's one reason I prefer silver at this time.
     
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  6. ErrosionOfAccord

    ErrosionOfAccord #1 Global Warmer Gold Chaser Site Supporter ++

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    ^^^ I still think we are living above our means energy wise and the population will necessarily stabilize before 2100.
     
  7. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    Mehhhhhh every passing asteroid is full of the stuff. They'll be harvesting it for $3.00 lb. :belly laugh:
     
  8. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    So much for the dollar losing anything,

    The thing has been on the move since the open last evening, and now is up over 100 tics and over 103 again.
     
  9. solarion

    solarion Gold Member Gold Chaser

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    ...and Bitcoin is $1030.

    Doesn't give a rat's rear about alleged dollar strength.
     
  10. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    yep, saw that also, totally killin' it

    interesting enough though, crude is paying no attention to the dollar move while natty is getting killed on it.
     
  11. Weatherman

    Weatherman In GIM since 2006 Gold Chaser Site Supporter

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    Woo Hoo! The little (Silver Streak) train that could.

    Silver Streak.jpg
     
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  12. solarion

    solarion Gold Member Gold Chaser

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    That's a nice move for silver in the face of a jump in the buck. Gold is lagging far behind, is there any specific news that anyone has seen to account for this oddity?

    I've been theorizing for some while that silver would pickup now that Bitcoin has really been moving, so hopefully this is the start of something significant.

    Looks like treasuries are selling off today.
     
  13. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    big reversal in crude and now following natty down,

    metals going totally against the dollar strength,

    doorstops are rising today to draw in more suckers............
     
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  14. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    @ Scorp.... Like I was saying, was looking for 3 consequitive rising days in VXX before buying... Also said I thought it could hit $20 maybe even less. Today a big reversal occurred in VXX, dropping from high $25's to below $23.00.... Which speaks to the hidden games that both FF & you have spoken of that occur in the VXX.

    sc.png
     
  15. ErrosionOfAccord

    ErrosionOfAccord #1 Global Warmer Gold Chaser Site Supporter ++

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    platinumdude and Scorpio like this.
  16. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    BB and I have been looking into this future for quite some time now,

    RT is flat 'on it'..........they have it goin' on

    What we have been imagining is what to do with humans??? It really is a interesting question. The marginalization of the human labor component, in full competition with a machine or machines.
     
  17. ErrosionOfAccord

    ErrosionOfAccord #1 Global Warmer Gold Chaser Site Supporter ++

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    Now would be a good time to be trained in industrial electricity and robot logic IMHO. If I didn't do a 16 hour day that would be my focus. Might become my focus despite the hours and long commute.
     
  18. platinumdude

    platinumdude Gold Chaser Platinum Bling

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  19. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    But tonight PMs stay on a row. Gold 1170.70+7.60, Silver 16.52 +0.12, and palladium is beat back rhodium. And bitcoin is smoking, 1,129.47.
     
  20. ErrosionOfAccord

    ErrosionOfAccord #1 Global Warmer Gold Chaser Site Supporter ++

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    I think I'd look at it as they can mine low grade bodies longer before cost overruns. Will it make marginal bodies mineable? Tires, fuel, parts and labor are generally the highest cost, not necessarily in that order.
     
  21. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Possible Challenges To Traders Today
    – Challenger Job Cuts is out at 7:30 AM EST. This is major.

    – ADP Non-Farm Employment Change is out at 8:15 AM. This is major.

    – Unemployment Claims are out at 8:30 AM EST. This is major.

    – Final Services PMI is out at 9:45 AM EST. This is not major.

    – ISM Non-Manufacturing PMI is out at 10 AM EST. This is major.

    – Natural Gas Storage is out at 10:30 AM EST. This is major.

    – Crude Oil Inventories are out at 11 AM EST. This is major.
     
  22. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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  23. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Possible Challenges To Traders Today

    – Average Hourly Earnings is out at 8:30 AM EST. This is major.
    – Non-Farm Employment Change is out at 8:30 AM. This is major.
    – Unemployment Rate is out at 8:30 AM EST. This is major.
    – Trade Balance is out at 8:30 AM EST. This is not major.
    – Factory Orders m/m is out at 10 AM EST. This is major.
    – FOMC Member Evans Speaks at 12:15 PM EST. This is major.
     
  24. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    U.S. adds 156,000 jobs as wages rise in December
    By Jeffry Bartash
    Published: Jan 6, 2017 8:54 a.m. ET




    Worker pay increases in 2016 at fastest pace in seven years

    [​IMG]
     
  25. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Possible Challenges To Traders Today
    –Labor Market Conditions Index is out at 10 AM. This is not major.

    – Consumer Credit m/m is out at 3 PM EST. This is major.
     
  26. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Looks like gold wants to break $1200. Maybe this will be the year of the big break out.
     
  27. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    yep, you got it this am plat,

    USD continues to fall, now this am under 101. Strong correction in play in that market

    1.png
     
  28. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Possible Challenges To Traders Today
    –Unemployment Claims are out at 8:30 AM. This is major.

    –FOMC Member Evans Speaks at 8:30 AM EST. This is major.

    – FOMC Member Harker Speaks at 8:30 AM EST. This is major.

    – Import Prices m/m are out at 8:30 AM EST. This is major.

    – Natural Gas Storage is out at 10:30 AM EST. This is major.

    – 30-y Bond Auction starts at 1 PM EST

    – Federal Budget Balance is out at 2 PM EST. This is not major.

    – Fed Chair Yellen Speaks at 7 PM EST. This is major.
     
  29. JayDubya

    JayDubya Platinum Bling Platinum Bling

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    PIMCO sees possibility of China floating yuan in 2017

    [​IMG]
    Chinese 100 yuan banknotes are seen in this picture illustration taken in Beijing July 11, 2013. REUTERS/Jason Lee/File Photo

    LONDON Asset management giant PIMCO said on Thursday it thought there was a chance China could freely float its currency, the yuan, this year.

    The firm's head of Asian portfolios, Luke Spajic, said in a note Beijing was finding it impossible achieve three goals simultaneously: a stable or fixed foreign exchange rate, free capital movement and an independent monetary policy.

    Combining tighter financial conditions with this policy trilemma therefore means the yuan would probably remain an "escape valve".

    "Over the year, our base case is for the yuan to decline against the U.S. dollar by a mid- to high-single-digit percentage," Spajic said.

    "However, we also think the possibility that the PBOC will allow the yuan to float freely, or at least widen its trading band, has increased."

    (Reporting by Marc Jones, editing by Nigel Stephenson)
     
  30. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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  31. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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  32. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Seriously Cool!

    FRIDAY THE 13TH

    Send in the Freddie
     
  33. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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  34. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Possible Challenges To Traders Today
    – Core Retail Sales is out at 8:30 AM. This is major.

    – Retail Sales is out at 8:30 AM EST. This is major.

    – PPI is out at 8:30 AM EST. This is major.

    – Core PPI is out at 8:30 AM EST. This is major.

    – FOMC Member Harker Speaks at 9:30 AM EST. This is major.

    –Prelim UoM Consumer Sentiment is out at 10 AM. This is major.

    – Prelim UoM Inflation Expectations is out at 10 AM. This is major.

    –Business Inventories is out at 10 AM EST. This is not major.
     
  35. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    andial likes this.
  36. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    _93570438_mediaitem93570437.jpg
    Lady Liberty to be black woman on new US $100 coin


    The US Mint and Treasury will for the first time issue a commemorative coin depicting Lady Liberty as a black woman.

    The coin commemorates the Mint's 225th anniversary and shows Liberty with a crown of stars and a toga-like dress.

    The 24-carat coin will weigh 28g (1oz) and have a face value of $100 (£80).

    The US Mint says it plans to issue further coins depicting Liberty as women from ethnic minorities, such as Asian, Hispanic or Indian Americans.

    Rhett Jeppson, the Mint's principal deputy director, told the New York Times newspaper that part of the intention was to "have a conversation about liberty - and we certainly have started that conversation". total of 100,000 of the Gold coins will be created, along with 100,000 silver reproductions of the image, called medals, that will sell for about $50, the newspaper reported.

    A total of 100,000 of the Gold coins will be created, along with 100,000 silver reproductions of the image, called medals, that will sell for about $50, the newspaper reported.

    The coins will go on sale on 6 April.

    Coins bearing new designs will be issued every two years, the Mint said in a statement.

    http://www.bbc.com/news/world-us-canada-38622886

    Commemorating the Ferengi's global success of managing the African slave trade for 300 years!
     
  37. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    that is one ugly fookin' coin

    I wouldn't buy one with your money
     
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  38. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    Yep, the 1792 date represents the year of the first "coinage act" by Congress.

    Coinage Acts

    https://en.m.wikipedia.org/wiki/Coinage_Act_of_1792

    My assessment of the history of the Acts & more importantly the question of WHY specie coinage of substance was always scarce. Could it be that the Anglo-European money power was constantly draining the American bi-metallic coinage standard creating scarcity of circulation in the American economy? A.K.A. taking profits from the newly organized (by constitution) corporate trading company titled United States of America. "WE THE PEOPLE"then set up de facto corpora political investment sub-division estates. Organized like common stocks ([e]state bonds]) & prefered stocks (U.S. T-bonds & notes). By this means there are various levels of extraction, municiple & county bonds came later.... Bonds are just short for bond-age, "He who owes is a SLAVE to the lender."

    Looking at the Acts since 1913, the Fed has been an abject failure to the average majority of U.S. economy participants & a boom for a small minority. Judge grom the Feds past performance, one can only conclude that this institution IS NOT a failure, or it would have been replaced or reorganized long ago... one can only conclude that the institution is fulfilling its ACTUAL role as designed. This reminds me of the sage wisdom of Frederick Bastiat...

    "When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." --Frederick Bastiat, THE LAW

    Coinage Act of 1965

    https://en.m.wikipedia.org/wiki/Coinage_Act_of_1965
     
  39. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    big moves this am with gold up 20 and silver up 30, while crude is up 74

    the dollar continues to correct, and has tipped under 101 now to 100.82.

    is the rush to the dollar now over, or is it taking a temp break in the action?
     
  40. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Possible Challenges To Traders Today
    –Empire State Manufacturing Index is out at 8:30 AM. This is major.

    –FOMC Member Dudley Speaks at 8:45 AM EST. This is major.

    –FOMC Member Brainard Speaks at 10 AM EST. This is major.

    –Treasury Sec Lew Speaks at 10 AM EST. This is major.
     

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