Complacency can breed arrogance. “The Market can never er go downs now”, “Don’t fight it”, “I don’t see us reversing anytime soon”…. etc., What better indicator do you want? A dump is coming. Be ready

Complacency can breed arrogance.@DiMartinoBooth @paranoidbull "I think that there’s a lot of complacency on what liquidity can accomplish when it comes to fixing solvency-related and asset valuation-related excesses.”https://t.co/8HvDN7B4Xb — Markets-like people-should be free-TQN-👑 (@TechQn) June 3, 2020 https://twitter.com/asymmetricalpha/status/1268198373854785541 2020: -US & Iran on the brink of a war-Virus outbreak-Recession starts-Oil prices go negative-40M people unemployed-Fed … Read more

Democrat mayors during coronavirus:

Democrat mayors during #coronavirus: -You can’t open your business-You can’t go to church-You can’t buy a gun Democrat mayors during riots: -Won’t protect your business -Won’t protect your church-And of course, still don’t want you to have a gun — Rep. Jim Jordan (@Jim_Jordan) June 3, 2020 CNN is the propaganda wing of antifa. Democrats … Read more

Gold intervention by BIS held steady in March and April as study hints it’s done for Fed

The BIS long has acted on behalf of the Federal Reserve and has done so via swaps and crucially has been prepared to take on credit risk. This invites… by Robert Lambourne via the Gold Anti-Trust Action Committee (GATA) By Robert Lambourne Tuesday, June 2, 2020 According to its recently published March and April statements of account — https://www.bis.org/banking/balsheet/statofacc200331.pdf … Read more

Light Raid On Gold & Silver…Have Some Of Our Major Traders Left London?

Trading volume is EXTREMELY low… by Harvey Organ of Harvey Organ Blog JUNE 2// A LITTLE RAID ON EXTREMELY LIGHT VOLUME (HAS SOME OF OUR MAJOR TRADERS LEFT FOR LONDON?)//GOLD DOWN $11.20 TO $1726.40//SILVER DOWN 31 CENTS TO $17.95//CLOSE TO 150 TONNES OF GOLD STANDING AT THE GOLD COMEX//2.0 MILLION SILVER OZ STANDING AS WELL//CORONAVIRUS UPDATES//TED BUTLER…IMPORTANT PIECE///UPDATES … Read more

Bear Markets Unfold When Social Mood Turns Decidedly Negative

We are living in the early stages of failed central planning. Bear markets unfold when social mood turns decidedly negative. Past episodes of currency destruction have been sponsored by academic elite. Thanks for listening to this week’s McAlvany Commentary. The objective of McAlvany Weekly Commentary is to provide investors with valuable monetary, economic, geopolitical and … Read more

Why The Recovery Will Fall Short of Forecasts

by Michael Lebowitz and Jack Scott Why The Recovery Will Fall Short of Forecasts Market pundits seem to have strong opinions about how fast or slow the economic recovery will be once it starts. Such clairvoyance is stunning given the uncertainty of the current GDP forecast, which is already two-thirds in the books. If the … Read more

The US Stock Market is more overvalued than in any other time in history according to the Buffett Indicator.

by Empire_Building101 The Ratio of the Market Capitalization or the entire stock market to GDP tells us that publicly traded companies are valued at 43.6% more than the value of all goods and services in the US. Current market valuation statshttps://t.co/HNEEWCw5SD pic.twitter.com/HBIyQxIloM — M/1_LP (@MI_Investments) June 3, 2020 Just to put things into perspective. US stocks … Read more

Sovereign Defaults Unfolding

by Martin Armstrong In the Gulf, states are facing bankruptcy. Oman can hardly even pay his electricity bill. The IMF has been now lobbying to defer emerging-market debt for one year. We have been able to confirm from behind the curtain that more than 100 nations have asked the IMF for help. The sheer stupidity of this coronavirus lockdown … Read more

Savage. Police officers faked kneeling to draw rioters in close and get them to kneel before hitting them with tear gas (allegedly).

Savage. Police officers faked kneeling to draw rioters in close and get them to kneel before hitting them with tear gas (allegedly). https://t.co/7cA4BGjfIR — Ian Miles Cheong (@ianmiles) June 3, 2020 Savage. Police officers faked kneeling to draw rioters in close and get them to kneel before hitting them with tear gas (allegedly). https://t.co/7cA4BGjfIR — … Read more

For those of you who still think the stock market has anything whatsoever to do with the economy.

For those of you who still think the stock market has anything whatsoever to do with the economy. 🤯👇 https://t.co/OYVijuRSAy — George Gammon (@GeorgeGammon) June 3, 2020 With Q1 earnings season ending, scorecard doesn’t look great … % of S&P 500 members beating profit estimates as measured by @bloomberg at lowest since 2012 pic.twitter.com/gb8YVU9bCD — … Read more