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Vlad The Impaler

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Gold and Sivler to sky rocket. So I buy some silver. See the price dive. Gold going to the moon. It's more then 100 less then when I bought mine last year. These people in the videos need to STFU.
 

solarion

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The price of physical metal, particularly silver, is not diving. It's actually going up. The spot price keeps dropping, while premiums expand. Currently an ounce of physical silver is roughly spot + $5.30. Try not to be discouraged, it's banker paper derivatives that are being taken to the woodshed, not physical.
 

BarnacleBob

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Paid $36 out the door for 7 @ 2021 ASE's. We give ASE's for grandkids birthdays & Xmas... The younger grands call it their treasure. They really like receiving the ASE's. Its rather interesting that even at a very young age, they realize there is something different & special about these coins.
 

nowon

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Maybe reason for precious metals going up..
Screenshot_20210302-131109.png
 

solarion

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The fed can't allow interest rates to rise or the treasury won't be able to roll over the debt, so they'll attempt to manipulate yields while lying even more about how much price inflation there is in the economy. Meanwhile CONgress is yammering about sending out stimulus checks. The setup couldn't be much better for metals, which is why they keep hammering them on the crimex...while frantically taking delivery.
 

nowon

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Read that interest payments on the debt go up 400 B$ for each percentage increase, so absolutely they can't afford to let rates go up...the post ww2 period analogy
 

Joe King

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Read that interest payments on the debt go up 400 B$ for each percentage increase, so absolutely they can't afford to let rates go up...the post ww2 period analogy
What I think is gonna end up happening is that the time will eventually come where they won't be able to afford rates staying low either. It'll be, "rock, meet hard spot". Or as I like to call it, "damned if you do, damned if you don't". Lol
 

Uglytruth

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All the lies simply ad up to people going broke. SS being worth less because it does not keep up with real inflation. I always hated it when they say there is no inflation and gas has already went up 35% or $0.70 in most areas if not more. Groceries etc........ What stupid fuck cameup with a large box of cereal or whatever and the big box simply shrinks or has less in it. Money in savings earning zero and the spread to real inflation is a loss of wealth. It's force everyone into the bubble that they control with paper. Picking winners and losers. I shudder to even thing of going digital and what it will mean for our existence.
 

solarion

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Good morning NY paper metals rigging criminals. :rotf:

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0.40(-1.5%) cents wiped out in paper silver value in a bit over 5 mins. ROFLMAO

That 10y yield is getting a bit frothy again...better lob some more funny munny at that too...

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Gotta love "free" markets...

Hey, at least equities will do great today. Hmmm...

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I could swear the futures looked stellar just a few minutes ago...

Bitcoin is galloping skyward to the tune of 5.90%...in case anyone was wondering what an actual free market does in the face of blatant criminal market rigging. This despite their fake dollar index tacking on 0.27%.

Nothing to see here folks...move along.

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solarion

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^^ It's due to expectations of deluxe growth in the US economy bud. Definitely, absolutely, certainly NOT due to rising inflationary forces. J Powell told me personally that inflation is "soft". ...and cuddly...plus there's a whole lot of it...but he's going to continuously lie about that.

Seriously...if you can't trust a banker...
 

Uglytruth

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Here comes the hyperinflation designed to be used as a vehicle to seize everything.
I believe that is the plan. Inflation, taxed to death & no jobs......... Get your .gov job soon.
 

solarion

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Ohz Nohz! The dollar is "strong" vs Eurobuck garbage and Jap funny munny! I better double quick run out and sell all my metals for peanuts!

...wait, that doesn't make any sense. Who give a shit if fiat crap is dropping against each other. It has no legitimate correlation to commodity money in my hand. Nevermind.
 

Scorpio

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been watching the 10 yr vs the dollar,

the 10 yr kept with the rising yields while the dollar was muted in its response,
not crashing but not really going anywhere,

figured that had to resolve one way or the other,

it seems as though the 10 yr wants to hang on to those yields so the dollar now has been moving up,
and yes, that hasn't been good for metals,

this am it is setting new highs for the year, just under 92 and may move thru that

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Scorpio

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one thing unresolved is quite important,

crude is moving up big with a strong dollar,
where one would assume crude would be weakening,

so who is right there?

here is crude going nutz to the up, now breaking thru 60 and holding it on a test



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Uglytruth

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How many plates can they keep spinning at a time?

How much trade is being done in other currencies leaving the dollar to simply fade away?
As a bankrupt nation at what point will other countries simply demand assets or cut off the valueless fiat?
 

Scorpio

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that is kind of where I am heading with this,

if the dollar is strengthening, confirming move in bonds,

then all commods should be hit, lumber, corn, and yes metals

to be clear though, 850 lumber is a long ways from 450, just as 25 buck silver is a long ways from 16
 

solarion

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It'll be interesting to see if gold is taken down again. A pure inflation play, already down more than 18% from its fall of 2020 high. The guy in charge of the printing press goes from saying "inflation is soft" to claiming there'll be a spike in inflation...so naturally the dollar strengthens and gold sells off.

Powell's words were, of course, designed to cause the <price> inflation spike he has been trying to jawbone out of the market for months. He's trying to goose monetary velocity to get the economy moving. Obviously a dangerous game, because, once unleashed price inflation could be very difficult to contain with the fed's hands tied up with servicing $28t in debt. ...which is soon to be a few more trillion.

...ummm...okay, so we're clear...you want to go long white copper then?

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^^ Well that guy sure was an idiot. He was underwater by 40 cents(1.57%) in seconds when the completely transparent, properly functioning, well regulated "market" opened. Can't wait to see what the "free market" determines to be the proper price of 5000oz of paper silver next.

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Sounds like amazing news for equities...which are on sale after the past few days. Get some! Nevermind the rising dollar...you need you some TSLA shares.

...and screw that barbaric relic. It doesn't even pay interest! Not like super deluxe turbo awesome US government bonds/tbills. Hey, if you can't trust the government...who can you trust?

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solarion

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There it is! 92 on the funny munny index. Gold up, silver down, oil up(a lot), bitcoin flat, Euro down. 10y yield dropping like a stone.

Clear as mud.

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If only that overpriced silver crap would stop dragging gold down! I mean jeepers, that silver junk is already pushing half of its pricetag from 41 years ago. WTF man...you expect it to actually go up in value? Ever? Sure glad the heroes at the CFTC are getting after those nasty kids on reddit for heinously trying to rig the price of this junk higher...by buying bullion.

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Die white copper DIE! Nobody important at the crimex even likes you.

Edit: You heard it here first folks. Two hours before the market closes for the little people, gold closes below 1700. It's destiny.

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Dollar fading a bit, 10y yield fading a lot as the fed definitely doesn't dump paper on it, oil up 3.22% and investors apparently flooding RIGHT back into those whiz bang awesome equities...due to the super awesome economic outlook. Just look at them terrific job numbers! So naturally the metals are fading.
 
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nowon

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Some one is heavily shorting the yield curve, so that the tech bubble survives. If the yield curve rises despite the short, the re will be flight of easy money from the no yield tech stocks to the treasury and that will end the nasdaq.
 

madhu

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To summarize the 50 min video above, Derivative means fraud. Repo? Not enough liquidity in the repo market lead to the 2008 crisis. So now wisened up and 1.2 trillion in reserves was not enough to stop the2019 melt up in repo loans. Same problem 2021 with more and more reserves being printed with diminishing returns and the underlying problem is not solved. 10 yr Treasury, supposedly most liquid is being shorted. One more interesting tidbit that he says is that the collaterals are hypothecated and rehypothecated 2.3 times the original collateral. That means for a single true owner there are1-2 more owners who have claim on that collateral. Which one is the next bare stearn or Lehman brothers that is not going to have a hair when the music stops.
 

Scorpio

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10 yr has moved all the way up to over 1.5, and is at 1.56% now

in a very short period,

dollar and this moving up have hurt the metals for the time being

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solarion

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Imagine a world where the most indebted entity in history, quite literally pays its people to remain unproductive and jobless at home. While this creates tremendous price inflation, all of the indicators of said inflation are rigged by the same money printers that are paying people to slack off.

At least good old bitcoin and rhodium are allowed to warn of incoming price inflation...even if the traditional monetary metals and interest rates have been silenced.

Market mentality
Mar. 08, 2021 7:11 AM ETAER, AMZN, ARKK...15 Comments12 Likes

Over the weekend, the Senate passed a $1.9T coronavirus relief bill that contains $1,400 stimulus checks for many Americans, $300/week more in jobless benefits, as well as aid for state and local governments. The measure is expected to pass in the Democratic-held House on Tuesday. It would then be sent to President Biden's desk before a March 14 deadline to renew unemployment aid programs.

"With the Senate's passage, we expect growth momentum to accelerate and forecast global GDP growth will surge to a 7.5% annualized rate in the middle quarters of the year," JPMorgan wrote in a research note. "Every $1T of fiscal stimulus adds around $4-$5 to EPS, implying 6-7% upside for the remainder of the year."

Outlook: This time around, investors are getting worried about a sharp acceleration in inflation, with the 10-year Treasury yield rising another 5 bps overnight to 1.6%. Contrast that with a stock market where bulls were rooting for another big stimulus package during the push-and-pull negotiations at the end of the Trump administration. In fact, stock futures are pointing to another fall to start the week, particularly in the tech space, where high-growth valuations have been underpinned by low rates: Dow -0.3%; S&P 500 -0.8%; Nasdaq -1.9%

https://seekingalpha.com/market-news/wall-street-breakfast?utm_medium=email&utm_source=seeking_alpha

In fact overall commodity indices are screaming about incoming inflation.

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Even while the monetary metals stand mute.

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...but it's coming. The fed's little shell games and jawboning can slow it down, but the inflation is coming and after a relatively short lived spike in "new" low paying service sector jobs, unemployment will stubbornly remain at historically high levels. ...and why wouldn't it with fed gov paying people to not work. How does one describe extended periods of low growth, high inflation, and high unemployment? Stagflation is it?

Hmmm...seems like the fed will have to allow interest rates to rise to combat this problem. Except they cannot because the US has a mountain of ever growing debt to service. Again, it sounds like a perfect setup for commodity money. Just like the 1970's, except that the federal regime has no Volcker and the current fed chief lacks the ability to goose interest rates up to 16% when price inflation gets out of control.
 
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solarion

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The buck is really getting hammered compared to other fiat dogshit. Down .96(-1.038%) from its recent high of 92.5 just 3 days removed. Yield on the 10y is up @ 1.539% currently, but again, well off its recent highs of just three days prior when it topped out at 1.613%.

Obviously this is all great news for monetary metals...which are soaring! Hmmm...or rather getting beaten down slightly...for some unknown reason. On the other hand oil and bitcoin are up vs funny munny...as are the PGM metals...particularly palladium.

Amusing as both gold and silver were both appreciating vs the dollar in overnight trading...with silver pushing 26.50 at one point. Not pleased with that sequence of events, both metals were, as usual, hammered during the "access" changeover from London to NY, then hammered again at NY pre-market and regular open. Where they pretend to really hate precious metals...while furiously stacking them.

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Edit

...and the usual post power lunch smackdown...based on absolutely nothing other than indigestion.

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Bunch of crooked banksters wiping out stop losses and covering shorts at lower levels. Use these buying opportunities. They repeat the same pattern nearly every single day guys.

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The dollar has continued to crater, 10y paper yields are melting and about to turn negative for the day...yet the metals are also negative for the day. You can't even make this stuff up. Purely fictional markets.

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That's a loss of 1.08(-1.17% on the DXY in three days! Metals should be exploding higher...instead they're napping. Get em while they're cheap boiz, this sale on real money will not last.
 
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Scorpio

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while we all continue to watch dollar and metals, some moving bogeys in the background

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s.png
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solarion

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Sorry bacon & sausage lovers...

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Scorpio

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yep no,

dollar up large leading to metals getting the hammer along with the bond prices (rates up)

wasn't so long ago 10yr were at 0.5-6, and now a full percent higher
 

nowon

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Here's the 10yr yield with correlation graph to silver and gold price
Screenshot_20210312-025648.png
 

Scorpio

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more importantly,
I get the strong dollar part of this,

but really, how long can they allow rates to tic up before they cry enough already?

at 1.6, I wouldn't think it is too far in the future

of recent what do we have?
-gas prices way up
-interest rates rising rapidly
-yet another stimulus on the way
-housing up big nationwide

in addition to the already known price increases across the board we have all seen,

is the bond market telling them to knock it off on the spending and stimulus packages?
wherein if the .gov cannot stop themselves, the bond market will choke them off?

here is a German official interest rate history, still pegged at zero:

1.jpg
 

Scorpio

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Here are a few more:

US:
us.jpg


UK:

uk.jpg


Yes, and even Brazil

brazil.jpg
 

solarion

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Dollar value should be measured and charted vs a basket of vital goods & services, not vs a basket of other floating currencies. Dong so simply leads one to draw incorrect conclusions. This allows the regime tremendous room to manipulate perception.

Does anyone here believe the US dollar buys more gasoline this morning? How about beef? Electricity? Education? Housing? ...but the dollar index went up(IE the dollar buys more Euros and/or Yen), and that's used as an excuse to trash futures contracts. Just one scam amidst a sea of scams within the fake financialized economy. Real price discovery mechanisms are buried under layers of financial derivatives, until there's no connection to real supply and demand mechanics. This enriches bankers, speculators, and the government at the expense of producers.

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http://www.shadowstats.com/alternate_data/dollar-index-charts

National average gas price chart.

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National average home price chart.

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Average national food prices...according to the crooked government.

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Futures of food items.

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The best and biggest scams are always in plain sight.