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I disagree. If you walk into a bank and get a Million dollar loan they create most of that from thin air. Whoever you go spend that money on, has received new cash that didn't exist yesterday.
Astonishingly, the reserve requirement was changed to 0%. So, yeah.
Most of it, that's the leverage it up part. Basically what I said...
Sadly, it is old news.
...
Potato...potaato It's money creation
Sadly, it is old news.
Reserve Requirements
The Federal Reserve Board of Governors in Washington DC.www.federalreserve.gov
Reserve Requirements
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.
Yes.Is that still in play? FFS. This is third world stuff!
Yes.
Looks like the starting gun just went off. Finally off to the races after 3.5 years?
Couldn't help yourself could ya?
Yes we get it. Please Sir can I have another beating? Please
Also didn't hurt that the two days were respective monthly and weekly closes. Charts are looking good. I'm sure we will continue to suffer beatdowns... until we don't.The encouraging thing about last week is that the price and volume came late in the week and the close is very near the 2100 level. Momentum is on the bulls side going into next week.
... I'm sure we will continue to suffer beatdowns... until we don't.
Agreed. I think there are a lot of bugs out there just waiting for the market to show signs of life - even a twitch will do it. For silver that will be when we get into the $26-30 zone. This will be a place where a lot of tired bag holders dump, looking for a place to get out in one piece. Once this sorts itself out, and silver clears $30, it should be game on.The beatdowns will continue until market sentiment improves.
Agreed. I think there are a lot of bugs out there just waiting for the market to show signs of life - even a twitch will do it. For silver that will be when we get into the $26-30 zone. This will be a place where a lot of tired bag holders dump, looking for a place to get out in one piece. Once this sorts itself out, and silver clears $30, it should be game on.
One of the saner gold friendly commentators...
Speaking of sane commentators. It's the Baloney Pony.
BRICS Will Devastate US Dollar & Economy – Bo Polny | Greg Hunter’s USAWatchdog
By Greg Hunter’s USAWatchdog.com (Saturday Night Post) Biblical cycle timing expert, geopolitical and financial analyst Bo Polny predicted last year to "expect the US dollar to go lower and gold, silver and Bitcoin to trend higher, much higher in 2024." What have we seen so far? Bitcoin and Gold...usawatchdog.com
Speaking of sane commentators. It's the Baloney Pony.
Hedgeye said:“We’re seeing a Global Industrial Economic Acceleration,” McCullough wrote to subscribers in Friday’s free Early Look. “There are breakouts everywhere.”