by Chris Vermeulen of The Technical Traders As precious metals traders have waited out this extended sideways/downward price contraction in price over the past 14+ months, a very broad Pennant/Flag price formation is nearing an APEX level which suggests Gold may begin a new rally phase over the next 60+ days. Support near $1675 is a critical price … Read more
by moneymetals Bank Depositors Face IRS Audit Risk on Top of Inflation Risks Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. A big week for precious metals markets as inflation pressures push consumer prices to painful new heights. On Thursday, the U.S. Labor Department reported … Read more
by Mac Slavo of SHTFplan According to Kraft Heinz CEO Miguel Patricio, the company is going to be “raising prices, where necessary, around the world.” Patricio says the general public should get used to higher prices for food. His comments follow a spike in government-induced energy and raw material prices alongside supply chain issues around the globe prompting … Read more
by laflammaster https://www.newyorkfed.org/survey/empire/empiresurvey_overview.html#tabs-1 Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead. April 2002 is the first report, although survey data date back to July … Read more
via jimtreacher: So we’re back to this being a legitimate form of protest now? Huh. Ellie Silverman, WaPo: Climate protesters attempted to occupy the Department of the Interior on Thursday, with dozens holding a sit-in inside as those remaining outside clashed with the police who were blocking the entrance. Protesters and security personnel were injured as … Read more
You want the nunchucks. You got the nunchucks. pic.twitter.com/fu4MlJEUN1 — Mark Brnovich (@GeneralBrnovich) October 15, 2021 Brnovich: We’ve gotten a lot of calls, a lot of emails, but there’s one thing people definitely want to see. They wanna see more chucks. So, people, you want more chucks, I got more chucks. Rogers: With all due respect … Read more
by confoundedinterest17 Wake up. Time to buy? This is a time even unlike the disastrous housing bubble of the 2000s that led to the financial crisis and Great Recession. Even during the housing bubble years, we still had positive REAL mortgage rates: Bankrate 30Y Fixed rate – CPI YoY. But today we have even FASTER REAL home price growth … Read more
by Wayne Allyn Root The NFL has betrayed us again, with the God-awful firing and public lynching of Las Vegas Raiders Coach Jon Gruden. But why should the way the NFL treated Gruden surprise anyone? Afterall, the NFL is always wrong about everything. Actually, it’s clear the NFL’s whole goal in life is to throw … Read more
Patrick Karim with Patrick V. on Silver Bullion TV We are joined on Metal Money by Patrick Karim, veteran chart trader and founder of Badcharts.com, as we review the point and figure chart for silver and understand how Fibonacci Circles could point to gold’s trajectory to a record high of $6,200 before 2027. FULL SHOW NOTES AND LINKS HERE
by a__square__peg Source: https://fred.stlouisfed.org/series/CURRCIR Total global wealth is estimated to be about $420T in 2021 source. This gives M0 supply of about ~1.5% to wealth ratio, based on about $6.6T of currency in circulation. Hal Finney’s estimate of $10m per coin was calculated incorrectly based on the market cap of a currency being equated to the total wealth … Read more
Institutionalized investors allegedly sending $100 million dollars to Tether, facing four legal cases against them, with the executives under criminal investigation for bank fraud, to buy Tether, to buy Bitcoin. Instead of just buying Bitcoin with US dollars. pic.twitter.com/X7RYb7rNZl — Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) October 15, 2021
In the ongoing speedrun to turn everything into a non-fungible token, savvy traders and entrepreneurs have recently taken a few steps to squeeze more investment opportunities out of their JPEGs. Case in point: it’s now a thing to take out a loan and offer up an NFT as collateral. Take NFTFi, a peer-to-peer lending platform … Read more
United Wholesale Mortgage’s announcement comes only about six weeks after it said it would begin offering a crypto payment option via a pilot program. United Wholesale Mortgage, the second-largest mortgage lender in the U.S., has stopped accepting cryptocurrency for home loans, the company said on Thursday. https://www.coindesk.com/business/2021/10/14/second-biggest-mortgage-provider-in-us-stops-accepting-crypto-payments/
Never trust the Media Party. https://t.co/MFW81baHvQ — Ezra Levant 🍁🚛 (@ezralevant) October 15, 2021 What else do they lie about every day? Yet people so willingly consume it without question. That’s why this sub exists and thrives. h/t _NoSoup4You
by laflammaster Sauce: https://www.federalreserve.gov/pubs/feds/2006/200628/200628pap.pdf
The restaurant chain, which was officially founded in 1983, introduced a new uniform for its staff this week, including a small pair of shorts Hooters waitresses and bartenders have been left up in arms over the uniform change, with many taking to social media to show off the ‘wild’ new design Prior to the uniform … Read more
by laflammaster All I had to do is take a look at the H8 data. End of Q3-2021, the banks seem to have sold off their unrealized gains to the tune of $7.9T. Of which, $3.7T were for MBS/Treasury related unrealized gains. Link for those interested in poking around: https://www.federalreserve.gov/releases/h8/current/default.htm
Raise your hand if you’re not surprised that they’re putting guns on robot dogs now. We’re living in a scripted reality. #robotics #killerrobots #MachineLearning https://t.co/BVBP2K8vEG pic.twitter.com/erqw5mrgkp — Velina Tchakarova (@vtchakarova) October 15, 2021 h/t LoneStarRising
Andrew McCabe, the disgraced Russiagate FBI agent who lied four times to the DOJ and FBI, will receive his full pension more than three years after he was fired by the Justice Department, according to the New York Times. Under the terms of a settlement stemming from a lawsuit McCable filed in 2019 over his … Read more
