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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    Signs, signs & signs???

    Walmart is abruptly closing 63 Sam's Club stores and laying off thousands of workers

    http://www.businessinsider.com/walmart-suddenly-closes-sams-club-stores-2018-1
     
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  2. Scorpio

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

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    Remember who is in charge of that outfit, and how she made some statements that were detrimental,
    chickens coming home

    --------

    On a more positive note, Gold and Silver picking up on the dollar weakness and showing some strength again this am.

    This happened earlier this week also, but by end of day, the gains were muted or turned into red days.
     
  3. Scorpio

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

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    dollar threatening to go to new lows for recent action

    1.png
     
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  4. Scorpio

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

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    gold and silver charts,

    you can see how gold reacted off those lows and maintains its strength, while silver not so much,

    silver needs to clear 18 in order to change the overall tone, and failed yet again below 17.40

    2.png

    3.png
     
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  5. BarnacleBob

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

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    Beijing (AFP) - China on Thursday denied a report that it may slow or cease its purchases of US Treasury bonds, which sent the dollar falling.

    Bloomberg News reported Wednesday that officials reviewing China's foreign-exchange holdings had recommended slowing or halting purchases of US Treasuries, citing people familiar with the matter.

    "We think this story could be quoting a mistaken source or it could also be a piece of fake news," the State Administration of Foreign Exchange said in a statement on its website.

    Beijing is the biggest holder of US debt and the news was seen by some as a veiled threat to US President Donald Trump following his tough talk on global trade and, in particular, what he sees as China's unfair practices.

    https://www.yahoo.com/news/china-denies-...nance.html
     
  6. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    Nice little uptick today :2 thumbs up:
     
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  7. Scorpio

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

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    FM,

    My bad, I had assumed you were further along in your studies than that,

    So I will have to spell it out, you believe the propaganda as written. Then you post up some world gold production figures to stand by it.

    One major problem is garbage in garbage out. You are assuming those values released to the world are accurate.

    That is kinda like believing the unemployment rate released here is accurate.

    doesn't matter, you want to believe the nonsense, go ahead,

    join sinclair and all the others that continue to trumpet nonsense
     
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  8. BarnacleBob

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

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    Scorp, we are edging up to that $17.40 overhead resistance area you noted. Hopefully we violate $17.40 to the up very strong next week, then maybe we see some real action in the PM sectors. Its time to say good bye to this bear.
     
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  9. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    Thanks for the reply Scorpio, ... I'm not locked into any position and am all ears. I want to check more into where the gold's going. Most into jewelry they claim , and most of that to India. Last time I was there, few years back, the culture did reflect the gold history that's portrayed by the media. But you're right, I can go into an upscale mall there and look at the shoppers, but that doesn't get you hard figures. Going to China next year, but again, I wouldn't have a clue as to how to measure country wide gold sales or mining production numbers.

    There's a ton of studies, but again, you're right, how do we know what is propaganda and what are actual numbers of real sales. One thing is certain, the improvements and the growth (including growth in the numbers of people in the middle class) has been outstanding in China (and India too). I've seen the changes, but in terms of where the gold is really ending up, we'll need the entire forum to help answer that question, if we even can.
     
    Last edited: Jan 12, 2018
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  10. Scorpio

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

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    agreed FM

    and I state the same thing about any phony statistics here or by companies here,

    they all have a agenda and actively promote them accordingly,

    well but google said.......... uh huh

    well but, apple said...........uh huh
     
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  11. Scorpio

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

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    again on the overnights, metals find strength and dollar weakens,

    now we see if they hold onto it thru the zero and US sessions tomorrow
     
  12. Scorpio

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

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    note the dollar threatening to break below 90 on the index

    US stock and bond markets closed today

    fyi
     
    Last edited: Jan 15, 2018 at 5:07 AM
  13. ErrosionOfAccord

    ErrosionOfAccord #1 Global Warmer Gold Chaser Site Supporter ++

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    this Was an oops, delete at will
     
  14. BarnacleBob

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

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    U.S. Dollar Index - 43 Year Historical Chart

    Interactive chart of historical data showing the broad price-adjusted U.S. dollar index published by the Federal Reserve. The index is adjusted for the aggregated home inflation rates of all included currencies. The price adjustment is especially important with our Asian and South American trading partners due to their significant inflation episodes of the 80s and 90s. The current dollar index as of December 2017 is 96.68.

    (Note: The long term trend since the 1980 high has been cyclically lower lows and lower highs)


    http://www.macrotrends.net/1329/us-dollar-index-historical-chart
     
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  15. Scorpio

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

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    and there you go,

    metals reversed all of the gains from Sun night thru the Holiday in anticipation of the US open

    now we see what happens during the trading day later on
     
  16. Scorpio

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

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  17. Scorpio

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

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    Government Motors announces a great 17, a greater 18, and a even greater projected 19

    raising earnings guidance,

    now for the kicker,

    they are taking a 'NON CASH' $7 BILLION adjustment in their docs due to the tax plan. Meaning, that $7B is going to vaporize, and shareholders won't see a penny of it
     
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  18. BarnacleBob

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

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    "The sharpest pencil is greater than the strongest mind" -- Dotson Harrison
     
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  19. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    "Lies - damn lies - and statistics," still there are some easy figures the simplest must understand, and the astutest cannot wriggle out of.’ Lord Courtney
     
  20. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Yep all crpytos are in the red today. China and South Korea are trying to ban bitcoin.
     
  21. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Looks like the DOW back off the 26,000 level after starting the trading day 280+ points. DOW 26,000 = resistance? Hmmm........................
     
  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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    they just announced a possible break up this spring,
     
  24. BarnacleBob

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

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  25. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    Trump pres.
    Dow at records.
    Dollar falling.
    Crypto's seem neutered / manipulated and getting bad press / fake news.
    Metals stillllllllllllllllllllllllllllllllllllllllllll stagnant.
    Record credit card debt.
    Jobs are for working poor.
    Tax changes are bringing raises & bonuses.
    Message seems clear, put your money in the manipulated by tptb stock market, next stop DOW 30,000 then 40,000 then 50,000.............
    NOTE Only the rich have extra money to put in the market. How soon to hyperinflation?
     
  26. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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    From BB's link:
    Chief Executive John Flannery has previously raised the idea of selling pieces of the largest U.S. industrial company, but went slightly further on Tuesday, saying GE is “looking aggressively” at a spin-off or other ways to maximize the value of GE’s power, aviation and healthcare units. and war machinery/equipment.

    OOOOOOh poor babies, they don't want to pay "their fair share", I guess we need another big war to save their sorry asses.
     
  27. BarnacleBob

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

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    AU & AG are looking very good about now when compared to cryptos !

    1 Bitcoin equals
    9746.28 US Dollar
     
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  28. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    China, Europe and the USA will walk these babies down. China will own the world, they will decide how fast we walk or how poorly we run. They invented paper money, they understand fully how to control it. The leaders in America have sold out to them. Manufacturing and honesty don't return to the USA. Don't expect MAGA. Hyperinflation will be for the non-reserve status currencies.
     
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  29. Scorpio

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

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    I disagree with that in toto,

    We made them and we can unmake them,

    They cease to exist without being able to extract from others,
     
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  30. BarnacleBob

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

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    Damn bears coming outta hybernation.... !!! What time is it? 55 days till next black swan would be my answer. Keeping an eye on HY credit to signal.
     
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  31. madhu

    madhu Silver Member Silver Miner

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    The mood in the work place is like that in the dirge. The first phase is denial. Hope the cryptos are artificially engineered to the stratosphere at least 20,000 before the denial turns into anger and rage at the work place. BTW the nurses are in glee because the stupid doctors have lost big time in cryptos.
    (. Nurses think the damn doctors are the slave drivers).

    BTW there are drug shortages under the radar. It's because the 340 b pharmacy program where the drug companies can charge a huge price and then they are allowed to kick back some profits to keep these rural hospitals afloat. Every hospital in America wanted in this program and scam the government.

    Finally no money left for nobody. Now you can work and keep your hospital open and the government states that they have overpaid you for the last few years and they will deduct the overpayments to future services. Suffice to say after 2018 elections there will be a steady rumble of hospitals in distress.

    A new breed of owners are popping up. They just buy the operations for Pennnys in the buyout or takeover behind closed doors. They don't want to touch the real estate. Too much money retrofitting for earthquakes. These buildings cannot be certified for the present city/ state codes.

    https://www.ruralhealthinfo.org/topics/pharmacy-and-prescription-drugs/news
     
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  32. BarnacleBob

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

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    Asset Class of Vintage Cars Drops More than during 2008/2009

    "According to the Hagerty Market Index, prices of vintage automobiles that sold at private sales and at auctions fell 3% from a month ago, are down 7% for the year, and are down 17% from the all-time high in August 2015. This 17% drop from the peak is worse than the 16% drop from peak-to-bottom during the Financial Crisis."

    https://wolfstreet.com/2018/01/16/classic-collectors-cars-drops-more-than-during-financial-crisis/
     
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  33. Scorpio

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

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    wonder how art is holding up then?

    vintage cars would be the upper middle crust, and the real players exist in the art markets?

    ????
     
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  34. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    Why buy a car that won't be allowed on the road with self driving, self thinking, transportation pods?
     
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  35. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    I hope I'm around when some dumb SOB try's to tell me I can't drive my truck. I'd probably be tagged as a terrorist.
     
  36. Scorpio

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

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    quite interesting,

    old companies, GM, IBM, AMEX, GE and more all announcing charges, stopping stock buybacks to build capital, etc, all since the tax law change.

    we also remember the stories of how GE paid a low amount of corporate tax relative to others consistently.

    seems as though there is a very direct undertow to this whole tax law thing as it cycles thru and hits companies books.

    I have not done the research to pinpoint it, but it is becoming crystal clear that they were playing the old tax laws one way, and the new changed their accounting massively
     
  37. Scorpio

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

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    gold struggling at resistance of 1340, and working back towards it again this am,

    while silver continues to have trouble sticking the landing on 17, flopping above and below the number
     
  38. BarnacleBob

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

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    IFRS: New standards – Are you ready?
    19 October 2017

    https://home.kpmg.com/xx/en/home/insights/2015/07/new-standards-are-you-ready-ifrs.html

    5 Steps To Prepare For The New Revenue Recognition Standards

    http://www.digitalistmag.com/financ...or-new-revenue-recognition-standards-05195410

    FIFO vs. LIFO accounting

    In essence, the primary reason for using LIFO is to defer the payment of income taxes in an inflationary environment, FIFO is used in a deflationary/disinflationary environment.

    https://www.accountingtools.com/articles/2017/5/13/fifo-vs-lifo-accounting
     
  39. Area51

    Area51 Silver Miner Seeker

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    I don't see China as being the new superpower anytime soon - - if ever.

    This is a country where the large majority still don't have electricity or running water. Very limited in terms of innovation. Their greatest strength is having a population that will work for pennies. If the Americans stop buying their plastic trinkets, what good is that cheap labour?
     
    Last edited: Jan 19, 2018 at 2:27 PM
  40. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    18% of their exports go to the USA, scorpio already posted a chart.
    Over the last 3 decades they have moved about 200 million people from abject poverty into the middle class and this trend continues.
    They have more bullet trains than the rest of the world and the stations make our subways and mass transit systems look like they're from a 1960's movie.
    They are mining gold at a break neck pace and have been doing so since 2008 and this was in the works for a long time before that - it takes a while to build a gold mine. They also promote savings for their people in gold and silver.
    They have a 90% monopoly on the rare earth metals and 99% monopoly on the processing of them.
    They have a plan for widespread use of electric cars which rivals anyone on the planet.
    They have a lot of people left in poverty aggressively seeking to move up the ladder and slowly those people are, while the American middle class is gutted.

    We can't stop buying their trinkets because we don't manufacture those trinkets here anymore, Trump has refused to keep his promise about restoring America's manufacturing base - the root issues to do that are not even on his radar anymore.

    They hold trillions of our currency and the derivative debt instruments. They are a creditor to the world while the rest of the world is in debt. They invented paper money thousands of years ago and know exactly how to negotiate from a position of power. Trump went over there and came back with nothing , nothing but his tail between his legs.
     

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