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These folks are in for a rude awakening if they think Trump can't change this school yard leveraged agreement. Actually I think Trump will light the damn thing on fire and then ask the Senate if they care to even take a vote
Another one of Obamas pretend legacy's that Trump will unwind through executive action.
The Chinese don't even care about this stupid crap
Yea my dad is down in your parts I believe and he said the same thing lots of rain
Correlations suggest a freely traded market and that is not what we have today. Pricing mechanisms have been beaten down in a number of asset classes and others are grossly inflated to due decades of funny money strategically injected into the economy.
Historical monetary patterns are imo the better guideline to reference. This 100 year timeout from reality will be just that once everything is said and done
Yea man I hear ya but what do you think average joe that knows nothing is thinking?
Everything is going on sale gobble gobble my friend
Equity markets are experiencing deflation which is the medicine. However this works against the Fed and they need to inflate the markets even further.
A little more medicine will be followed by another round of diseased infested QE by the Fed which will hyper-inflate equities further erode the dollar and send gold silver etc into the stratosphere.
The smart money will be out of traditional equity positions and in energy select commodities and PM Miners
My opinion
The 4-Front Assault on the Dollar
http://dailyreckoning.com/4-front-assault-dollar/
"Gold, yuan and SDRs all have one thing in common — they are alternatives to the dollar. As momentum toward these alternatives grows, the role of dollars as a reserve currency could diminish quite quickly — like sterling’s role between 1914–1944.
The result for dollar holders will be exactly the same as the result for sterling holders: inflation and lost wealth. New political and financial arrangements, and new forms of energy, will no doubt emerge over time.
The key to wealth preservation is to move out of the declining form of money — dollars — and into the rising forms of money — gold and SDRs — sooner, rather than later."
The 4-Front Assault on the Dollar
http://dailyreckoning.com/4-front-assault-dollar/
"Gold, yuan and SDRs all have one thing in common — they are alternatives to the dollar. As momentum toward these alternatives grows, the role of dollars as a reserve currency could diminish quite quickly — like sterling’s role between 1914–1944.
The result for dollar holders will be exactly the same as the result for sterling holders: inflation and lost wealth. New political and financial arrangements, and new forms of energy, will no doubt emerge over time.
The key to wealth preservation is to move out of the declining form of money — dollars — and into the rising forms of money — gold and SDRs — sooner, rather than later."
Almost 50% for the year and not something I'd be laughing about
Yea it's pretty weak and more dollars put on the back of tax payers. I don't like the TSA but they do have a right to a defense and that will paid by you and I
We crossed that threshold long ago
"liar liar pants on fire crooked as can be" lol that's great
It's going to turn the Internet into the Wild West essentially a hackers paradise. Any attempt to control the speech in the west will be followed by an onslaught of intrusions the likes these political hacks have yet to see.
This is all very arrogant and stupid imo
Paper silver is being traded as a risk asset or commodity imo. This will change once the underlying pricing mechanism evolves and is free to run. The Chinese have some influence on the spot price and this influence should continue to increase over time.
Just my opinion
I agree China is going to be the long term control in this monetary experiment. Adding the RMB to the SDR basket in an effort to internationalize the Yuan is a strong move by the Chinese but it will take time. I don't see any major tectonic shifts happening short of the proverbial black swan looming on the horizon
Nice post gdl and I agree the last push will be an earnings correction followed by another round of QE of sorts. This should hyper inflate equities and make room for the final showcase showdown.
You guys have one of the best boards in Ihub imo. I check in several times a day because there's always something to pick up especially those kind enough to post their trades. Good t/a and fundamentals with some intelligent discussion which seems to be lacking these days...nice work everyone.
GLTA
If you trade DUST as a hedge against a long GDX/GDXJ position and factor in the equity markets like SPY the odds of you netting out positive will improve.
Yea the Sweden thing must have hit grandmas radar
Mark Cuban seems to think so but I think he has reason to be worried. His fortune was made on consumer credit and consumption: Professional sport franchises tech savvy mobile apps and Shark Tank funded projects that require more consumption . All will take a hard hits once the funny money is turned off
Cuban imo will be forgotten if he doesn't know how to do anything else. I'm sure he has lots of investments but a billionaire he may not when this is all over
Shocker
Put them on trial convict them and stick them in a maximum security prison with no protections. Pedophiles don't do well in prison and that will be the end of that.
Justice is served
Good stuff
QX very different than PS
Your not kidding the people coming out of college today are really something else. The ones I look for are the ones that know they don't know anything but are willing to learn
The ones today think they know everything and question what they should learn next. Some have 2 post grad degrees and are just plain difficult to talk with.
I can see why a great many are unemployable
Yep that pretty much sums it up
Seasonal cycles are thought in Bschool and yes to your point they are highly followed
I think so but I am going to back and read about it again. It's not quite the steal trap I thought it once was
That's one way to look at it but rather it's the monetary system itself that changes. They average about 45 years before its augmented or tweaked and reserve currencies have historically changed every 75 years if I remember correctly
I think the strong equity market competes with the mining index. But to answer your question imo no the miners have yet to begin their move upward.
Gold is the monetary delta for currency and or fiat depending on which part of history one looks at. Big moves will be made when the derivative deviates to far from underlying pricing mechanism.
Talk to someone across the pond they understand the history of currency vs money better than Americans.
Not necessarily if Trump raises private equity through the issuance of bonds backed by ..... ? The US imo could soften this landing some. It would require a complete recapitalization of the currency and an accounting of the US sovereign gold bullion holdings.
Then again it could backfire if there's not enough gold...therefore plan B would be needed. The US has a lot of iron ore but produces very little steel because we're idiots and rather have the Chinese do it for us. Between oil natural gas coal and steel there's enough there imo to work with. Bilateral trade agreements can be written and transacted in gold of sorts and this wouldn't take long to do with a strong President. Once foreign countries see that the US is actually lifting regulation and mobilizing its manufacturing engine trust me they will show up with bells on to get in on the business. Globalization will be gone within a blink of an eye
But it's gotta be Trump to even have a shot at any of this
I think she's screwed and with no place to hide from indictment.
I think it will be a gradual transfer of liquidity. No need to shake up the markets if it can be avoided
There's a lot of leverage in the paper gold market and as a result the miners on the index were forced to lower their production costs. Also Impairment charges against the miners balance sheets are reversing as the price of gold heads up setting them up for explosive earnings.
ATF another hack agency that needs to go bye bye.
It's faith and the guidelines are set forth in the bible(s). Some choose to follow some don't some want proof some some don't. I don't necessarily agree with MT on this particular point but that's why it my faith and nobody else's.
I don't judge it takes way too much effort and work
I will pass thank you
Empire
Mark Twain was a smart egg and to your point I guess people are a bit stubborn. Myself personally I embrace every aspect of being wrong. It's not easy but it's an opportunity to learn something I didnt know before.
I agree but it's harder to dupe people once they know they have been duped. It's like losing the element of surprise in combat you don't just get it back.
I have a buddy that spent time in a think tank and according to him it's a lot of strategy that is never executed. He said "despite what people think they are often a waste of time and money." The Defense Contractors do the real work and our clumsy government takes the credit during the elections.