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Are you sick because we aren't arguing about summin interesting, or you just happen to be sick and the arguing will be good medicine to help you get better?I'm SICK!
Will you guys start arguing about summin interesting?
Are you sick because we aren't arguing about summin interesting, or you just happen to be sick and the arguing will be good medicine to help you get better?
(You know, in medicine the history gives you 90% of the needed info)
It seems like half the people I know are sick or fighting something. Flu and Strep seem to be the biggest villains. Some poor people have both!I'm plain sick and I need the distraction! LOL {cough} LOL {cough}....
Gawd it is dragging on!
{sigh}
It seems like half the people I know are sick or fighting something. Flu and Strep seem to be the biggest villains. Some poor people have both!
None with COVID...
I had to google what that was:Not testing +ve for COVID.
Who knows?
I once read that Grand Solar Minimum brought more disease... it seems to be happening!
Hey Z, It fargin amazes me, too. This g-d thing has been dragging forever. But in a way, it is like wishing you were older sooner. Be careful what you wish for, and all that...I'm plain sick and I need the distraction! LOL {cough} LOL {cough}....
Gawd it is dragging on!
{sigh}
I doubt many people in the US will play ball.
Merchants will be mandated to take the currency of the nation, taxes will be paid in it, companies will be forced to pay in it... etc, etc, etc.
Barter is ALWAYS an option.
Gold prices are modestly higher in midday U.S. trading Wednesday and saw the gains come following the release of prepared text of a highly anticipated speech from Federal Reserve Chairman Jerome Powell. Markets are deeming his remarks as leaning slightly more dovish than expected. February gold was last up $8.50 at $1,772.10 and March silver was up $0.644 at $22.08.
It was a very busy day for U.S. economic data, with the highlight being the speech by Powell this afternoon at the Brookings Institution. In his prepared remarks, Powell said the U.S. central bank could slow the pace of tightening as soon as the December meeting. However, he said the Fed will need to hold policy at restrictive levels “for some time.” Powell added that inflation remains far too high and that future rate hikes are warranted. ...
...
The U.S. likely added 200,000 new jobs in November, compared to 261,000 in the prior month, according to a poll of economists by The Wall Street Journal.
An increase of that size would be the smallest since the end of 2020, but it would still to be too much for the Fed.
Chairman Jerome Powell suggested in a speech on Wednesday the economy only needs to add around 100,000 new jobs a month to soak up all the new workers entering the labor force.
By that measure, the current pace of hiring is far too strong. It’s adding upward pressure on wages and contributing to persistently high inflation.
...
They already are. Direct deposit, cc's, paying bills online, etc.
See Zed's post above, then look at my first post. Now look at where people live and how they live. They will use whatever medium of exchange the gov deems is official and simply go about their daily lives. And anyone who doesn't go along will become a pariah and won't fare too well.
*Don't want to derail the thread. If anyone wants to talk about this in a different local, I'm in.
Another important level for Silver this week. I just glanced at my wall and decided to update this Weekly Silver chart. Realized that I screwed it up a bit on the dip (went to intraday peak instead of closing peaks). Need to close the week above $22.02 and I think we will.
View attachment 2978
I updated my retirement slow-trade system for the month of November over here:
Monthly Retirement Slow-Trade system
The GIM2 crowd may be tired of hearing about my Monthly Retirement Slow-Trade system. But since we are on a new (to us) platform, I will explain it a little. It is designed to accommodate the limitations of certain retirement accounts. For example my retirement accounts have restrictions...www.pmbug.com
...
Thursday, the ISM said its manufacturing PMI fell to 49.0 % last month, missing expectations and down from October’s reading of 50.2%. Economists expected a reading closer to the neutral level at 49.7%.
...
The report noted that activity in the manufacturing sector is now at its lowest point since May 2020, when the economy was severely disrupted due COVID-19 lockdowns.
...
The components of the report showed broad-based weakness within the manufacturing sector. The New Orders Index fell deeper into contract territory to 47.2%, down from October’s reading of 49.2%. At the same time, the Production Index dropped to 51.5%, down from the previous reading at 52.3%.
...
Yes miners definitely did not follow the metals prices up this afternoon. Thought about taking profits myself but decided to see what tomorrow brings.I see a bunch of people taking profits in the gold/silver miners today, but I think this rally still has some legs to it.
I see a bunch of people taking profits in the gold/silver miners today, but I think this rally still has some legs to it.
I see a bunch of people taking profits in the gold/silver miners today, but I think this rally still has some legs to it.
The broader stock market might be about to hit the wall if the Eurodollar U guys are on it. That would be a drag.
@Zed love your posts with the graphs and comments, but sometimes it's hard to read the fine print to see what data the chart is representing (ie. S&P 500, gold, etc.). If you wouldn't mind adding a short note for that, it would be very helpful for folks like me to fully appreciate what you are sharing.
I alternate between phone and computer. I'm also getting older and need readers (glasses) to read small print. On the phone, I can actually zoom in to read details. On the computer, it's more difficult.... You must be on a phone!
Sam Bankman-Fried is the Alec Baldwin of the Bitcoin world...Fugging hell, showing old Madoff how to get away clean.
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