1. Same story, different day...........year ie more of the same fiat floods the world
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Discussion in 'Topical Discussions (In Depth)' started by Scorpio, Feb 5, 2014.



  1. the_shootist

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

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    NeverTrumpsters...Unrealistic expectations begets intense disappointment!

    We haven't got Hillary, that's good enough for me!
     
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  2. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    That is exactly what the Obama supporters said about the Bush clan.
    That is exactly what the Bush supporters said about the Dims and Gore.
    That is exactly what the Bill Clinton supporters said about the Bush clan and the Repukes.

    When Trump is gone we will have people saying the same thing about the conman Trump.

    Reagan ran on a platform which was 90% based on the debt going out of control, at the time hitting 1 trillion for the first time in the nation's history. He said he would fix that, 10 years later the debt hit 4 trillion - a 4 fold increase.

    Americans are living on the fumes of a once great nation and those fumes are soon running out. Every year the nation delivers 300 million dollars to its creditors by way of our debt's interest payments alone - that does not include the trade imbalance or paying down principal.

    Continuing the American decline may be good enough for you, but it's not for me nor for my children.
     
  3. the_shootist

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

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    Politicians have been selling out the American people for decades yet you think one president, Trump or no Trump, can fix all that in a single year with just about every establishment politician in DC against him. Sometime I wonder what you people smoke to get THAT high!

    I'm getting pretty fed up with this anti American sentiment. If you hate your president then stop posting your complaints on the internet and get the fuck out!. Nobody cares about your feelings!
     
  4. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    You get the fuck out - people and sheeple like YOU are the problem. First you tell us we're wrong, then you tell us it can't be done, then you tell us to shut up, take it the way it is and be a patriot or get out.

    And those are not my feelings, those are facts I posted - not feelings. Figure out the difference!

    The first step to fixing a problem is to admit you have a problem and to identify it correctly. My post stands as facts, not feelings and when people like you understand the difference then maybe there will be hope for our nation.
     
  5. the_shootist

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

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    Whine to your heart's content. Nobody cares! Trump is the POTUS, like it or not!
     
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  6. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    First they tell us we're wrong, then they tell us it can't be done, then they tell us to shut up, take it the way it is and be a patriot or get out.

    Then when it's clear that they are actually the problem, they tell you to go ahead and "don't shut up, nobody's listening anyway."

    Hahaha - thanks for the laugh! ... Have a great rest of your day and a great 2018!
     
  7. the_shootist

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

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    You too, God Bless!
     
  8. Cigarlover

    Cigarlover Gold Member Gold Chaser

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    I wouldn't worry to much. My children will inherit real dollars not some phone paper stuff. Those 300 million we pay the interest with are the same paper dollars that have never been real money.
     
  9. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    We don't have a manufacturing base to compete. Real assets are being sold to offshore places. The Chinese invented paper money, you don't just walk away from the table and you don't stand up and draw your guns. BTW, where do we rank now in terms of the quality of our education system? A lot higher than we will in the future.

    Believe me, I wish you were right, but you're not. One way or another, the children will pay.

    Your children will likely be better protected than most, but surrounded by poverty and stuck in a dishonest system looking to steal from you will not be easy for them to navigate and even if they can, for how long will their savings and employment income last them? There's a lot of flux in the answers to those questions and we're not currently in control of the most significant factors which will impact them.

    You can go 100% self sufficient and completely off the grid, like Bush's Paraguay ranch, but if you're small time, you may find this also will fail you in the end.
     
    Last edited: Jan 19, 2018
  10. Scorpio

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

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    don't ruin this thread, take it somewhere else and duke it out
     
    Last edited: Jan 20, 2018
  11. Scorpio

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

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    for gold, you can see where it ran into overhead resistance and was overbought,
    but still looking strong and not giving up easily on the recent gains,
    dips seem to be bought

    1.png
     
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  12. Scorpio

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

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    for silver, has cleared and holding above the 200 dma, but is more choppy than gold

    again, that is right around that 17 handle, and back into that range from Oct and Nov

    still needs to clear that 1740-45 area to have any real strength,

    2.png
     
  13. Scorpio

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

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    Dollar broke below 90, and continuing to sink, leading to good action in metals

    Watch commods in '18 period, oil is leading the pack for now

    Gold and silver clearing near term resistance this am,

    Gold closing in on 1350 while Silver is up 28

    Gold has an old recent high around 1360 to clear the winds

    Silver needs to get above 1740 to clear its recent range action
     
  14. Scorpio

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

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    dollar chart showing new lows for the move

    1.png
     
  15. BarnacleBob

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

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    Silva sitting at $17.39.... maybe we can start launching silva rockets again soon!
     
  16. Scorpio

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

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    here you can see that move by gold to test the old highs, having since pulled back from it,
    needs follow thru energy to set in motion more buying and clear that point in space

    1.png
     
  17. Scorpio

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

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    silver had a more dramatic move, but the end result is far more muted,

    still hanging on that longer range, and nowhere near those old highs seen on the chart,

    much more work to do in silver as it is about 4% behind gold at this point,

    or in other words, would take another 4% move to get to those old highs around 1825

    it is as though gold is dragging it along, kicking and screaming all the way, like a frustrated little toddler

    1.png
     
  18. Scorpio

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

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    just a fyi, the dollar was holding around flat and metals were the same,

    then the dollar started another descent and that is lending strength to metals,
     
  19. Scorpio

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

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    EOD, dollar catches a snap rally and metals react negatively, reversing their gains
     
  20. itsamess

    itsamess Silver Member Silver Miner

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    Dollar rallies off a 3-year low in sudden reversal after Trump says it will get 'stronger and stronger'

    The dollar reversed its losses and went positive Thursday, after President Donald Trump said the greenback will strengthen because of the growing U.S. economy and that his Treasury secretary's comments favoring a weak dollar were taken out of context.

    Trump commented Thursday, in an interview with CNBC, after the dollar declined about 2 percent in two days to a three-year low. It began to fall sharply after Treasury Secretary Steven Mnuchin said a weak dollar is positive for trade in remarks at the World Economic Forum Wednesday.

    Mnuchin attempted to clarify his remarks Thursday, but the currency market continued to react to Mnuchin's comments as though he was veering away from the dollar policy that's been in place since the 1990s.

    "I think they were taken out of context, cause I read his exact statement and I'll tell you where I stand, which ultimately is very important," Trump said in the interview witih CNBC. "No. 1 I don't like talking about it because frankly nobody should be talking about it. It should be what it is, it should also be based on the strength of the country - we are doing so well. Our country is becoming so economically strong again and strong in other ways too, by the way that the dollar is going to get stronger and stronger and ultimately I want to see a strong dollar."
     
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  21. BarnacleBob

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

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  22. Scorpio

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

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    over the years, we have seen many instances of the politicians trying to talk their currencies one way or another,

    japan, china, zero and more

    all ended up eventually caving to market pressures as the dominant trend continued to assert itself,
    at times, it ended up costing them a lot of fiat before they capitulated
     
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  23. Scorpio

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

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    Here you can see long term rates price moving down, and rates moving up

    first up is prices moving down on the long bonds


    1.png


    next up, you can see rates moving up, which should hit the housing industry and affordability, right when there is a lack of new supply


    int rates.jpg
     
  24. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I guess the Plunge Protection Team (PPT) decided to not come to work today..............

    DOW: Down 341 points

    Nasdaq: Down 60 points

    S&P 500: Down 27 points
     
  25. Scorpio

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

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    yep,

    meanwhile at the sand mine here, a whole mountain of sand is gone, shipped out
     
  26. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Everything is currently down ATM:

    cryptos: down big double digits across the board with bitcoin currently down 17% to $7830

    DOW, S&P & Nasdaq futures: down at the moment

    Gold and silver: currently down


    NOTE: "official" gov't jobs report comes out today at 8:30 AM EST
     
  27. BarnacleBob

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

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  28. Scorpio

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

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    Here is an update after the carnage yesterday,

    SP 500 takes a massive dump in one session,

    spx.png

    remember how we spoke to the oddity of stocks and bonds both moving to the up?
    The abnormality of it?
    Well, here we get to also see the flip side of it, everything paper tossed as the mad scramble was on to generate liquidity

    Bonds get the snot knocked out of them also,

    usb.png

    Finally, we have gold,
    One of the supposed reasons to hold gold was to provide a safety net in times of crisis right?
    Well, not so much,
    Gold gets slaughtered, and putting in a massive double top that will now be a bitch to overcome


    gold.png
     
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  29. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    DOW futures down 131 points

    S&P Futures down 7.25 points

    Nasdaq futures down 2 points

    Another potential day for more losses in the stock market.
     
  30. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    tptb throwing a tantrum because of the state of the union, memo release, jobs numbers, etc...... Proving markets are rigged and they are in total control.
     
  31. Uncle

    Uncle Gold Member Gold Chaser

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    DOW was down 665.75 on Friday. Now where have we seen that number before?

    Golden Regards
    Uncle
     
  32. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    Is that a world wide message to all sleeper cells?
    Yea pretty close to 666......... but when down is at 25K it was the same as a 333 point drop at 12.5K......... but in your head the fear of a big drop scares us.
     
  33. BarnacleBob

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

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  34. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    The DOW down currently 551 points as I type this post.
     
  35. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    The DOW is now down 838 points as I type this post. About 30-minutes left in the trading day, it might be ending up dropping 1000-points today
     
  36. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    DOW is now down 1068 points as I type this with 7 minutes left in the trading day.
     
  37. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    The DOW finished the day down 1175.21 (down 4.6%). On a points-basis (not a % basis), it is the largest down day ever for the DOW. The DOW was down as much as 1600 points at its low point today. The S&P 500 is down 4.1%. YIKES!!!!

    It's interesting to me that we are 10 years from the 2008 financial crisis so I wonder if 2018 will be like 2008??? Hmmmmmm..............

    Just rambling................
     
    Last edited: Feb 5, 2018
  38. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Dow futures: -590.00 / -2.46%
     
  39. Scorpio

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

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    charts of the carnage:

    2.5.18

    dow 2.5.18.png

    spx 2.5.28.png

    nasdaq 2.5.18.png
     
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  40. Scorpio

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

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    for reference, a weekly chart,
    basically showing even after this, it isn't that big a deal

    spx week 2.5.18.png
     
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