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wonder then why he said the repo rate is 100 times lower than it is, which is wrong -0.04% or -4%? anyway glad to hear he is reliable and not another conspiracy theorist. all best
I have been listening to various broadcasters trying to get a consensus as to where the PMs are heading. I think David Brady (Irish) hit the nail on the head talking about risk/reward in that he sees the possibility of another 50 point drop in P O G but a possible 400 point increase whenever the trend is reversed which he thinks could be very soon.
Rob Kianz is one of the more knowledgeable American broadcasters; has a solid financial background including cyber security in the financial world. He did say -4% for the Repo mkt; that was the thrust of his podcast. Not so sure about his trip to Virginia where he was talking about increased security matters !!! Perhaps they are expecting trouble with the Trump mob.
Repo rates have only fallen to -0.05%. Rob Kianz appeared to say repo rates had gone to a gob smacking -4%, tho maybe this meant -0.04%? Then his report ended with a load of conspiracy stuff about defences being built in the Virginia capital to signal how dangerous the financial situation is. Who is he, reliable or another wako American conspiracy theorist? All best and thanks
Thanks so much for posting this but what does it mean for gold? So far it is going down as bond system becomes more problematic, if shares tank will we too, but faster, as a year ago?
And if shares tank will commodities like silver collapse as less industrial demand or rise with inflationary expectation?
Worth noting rising bonds have trounced inflationary expectation so far this year
Good payroll numbers. Shows economy properly starting to re-open. Should see even more splashing the cash and travel pick up significantly...how can inflation not shoot up now given oil/soft commodities/base metals ralling?! But all the while debt is still extremely high, ultimately capping how much interest rates can ultimately go up by. Pretty happy long the PM miners right now.
the problem is shareminator any alternative or critical thinking these days is considered to be a conspiracy before back in the day they just use to call you a witch and one would get burned to the steak. Time always unravels the truth eventually.
let's wait and see what happens with the nonfarm payrolls. Did you see the south Dakota governor trashing Fauci.. ?
Here is a good article for you guys.
https://www.midastouch-consulting.com/silver-chartbook-05032021-silver-dont-be-fooled
DN, I share your same feeling. It looks like the big 8 did not have enough silver to deliver.
UHM question, what we do ? Idea !!! let's do the same s..t we have done for the last umpteenth years, let's smash silver and gold so that those peasants will stop buying something that is worthless....
I thought I posted this message before, but then somehow disappeared, big brother is watching ???
DN I share your same feeling. Lots of people queing up to get their physical delivery.....UHM we do not have it say the big 8, what can we do ? Idea !!! why not something of the same s..t we have done for the last umpteenth years, let's smash gold and silver again so that those peasants will stop wanting to buy something that is worthless....
Shareminator looks like Bonkers was right again. Gold moved to 1690. Bonkers you are the chosen one. Looks like Gary Wagner has gone AWOL lol I think till the FED meeting we will see Gold around here to mid 1700s and silver no idea. I just get the feeling that the PM manipulating cult has used the bonds as their massive monkey hammer to break siversqueeze sentiment. Question is will it work ?
Surprisingly no movements at all in sp, despite a £1.9 trillions stimulus news.
Bonker, I wonder if you can dust off your crystal ball for us. This evening for a short period the 1696 61.8% fibonacci support for gold was breached for a short time and now we are just back up. As I am not a chartist I have two questions for you. 1) As the 1696 was breached for a short time and now are just above, does it mean the support can still be consider a functioning support ? 2) I f we breached this important support for good are there any other meaningful support below that we should consider ?
Having fun yet? :)
This next few weeks is going to be really something IMO :)
* the central theme of Powell, bond yields and unemployment
Reading that for lunch Dark Knight cheers
To follow on with the central theme of Powell, bond yields and
Jobless Claims and Powell to set the tone
The increasing unease about the path of interest rates will ensure a sharp focus on Federal Chairman Jerome Powell’s speech at 12:05 PM ET, his last scheduled appearance before the Fed’s top brass enters its usual pre-meeting quiet period.
None of the Federal Open Markets Committee’s most influential members have signalled any real concern about bond yields so far in their public comments, focusing rather on the underlying weakness in the labor market.
That is likely to be on show again at 8:30 AM ET, when the week’s jobless claims are released. Analysts expect a modest increase in initial claims to 750,000. U.S. durable goods orders data for February are out at the same time, while the Challenger Job Cuts survey for February is due an hour earlier.
Must read all, Jerome Powell speaking at 12pm EST.
https://www.zerohedge.com/markets/historic-repo-market-insanity-10y-treasury-trades-4-ahead-monster-short-squeeze