Guest Post by Jesse
We set a few records this week in the financial markets, none of them particularly life-enhancing for any but a few. You know who you are.
Stocks were utterly hammered this week. Hammered.
This is a direct result of the bloated and over-inflated condition that US stocks had reached, thanks in large part to the Fed, the Administration, and the usual suspects in the financial class.
The metals were beaten down this week in a particularly vicious waterfall decline.
Yes, there was definitely liquidation selling for cash this week. But it would be naive at best to dismiss the adventuresome and opportunistic trading on the short side in the metals by that whacky gang of serial felons at the Banks.
So, is it all over?
If we can somehow manage to financialize the coronavirus, we can then no doubt provide the monetary means to manipulate it, control it, and bend it to our wills, as we do with most other things.
But alas, it has eluded our efforts so far.
So we hope for the best, but prepare for a range of eventualities, remaining skeptical in times of general deceit. And it goes without saying that you know who is large and in charge of deception.
Especially between now and the end of summer.
I am not going to hazard any predictions and forecast in particular, except to say that you will know a tree by the fruit it bears.
I did take a brief trip to the market this evening to pick something up. And now they have cleaned out the produce section. Seriously? A run on onions and bananas?
My son’s girlfriend and her family offered to put me up in China to weather the coronavirus. From what they have seen they are dealing with it, testing for it and controlling it, more effectively than we are. They were dead serious. You cannot make this stuff up.
Am I going? For sixteen hours in a flying petri dish? Home sweet, socially distanced but apparently sans oignons for now, home.
But I am concerned, very concerned that we are walking blindly into a buzzsaw of lies and organizational incompetency.
Take care of yourselves.
Need little, want less, love more. For those who abide in love abide in God, and God in them.
We few, we happy few, we band of brothers (and sisters).
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The gold silver ratio this morning was at 118/1.
Only 3 times in history has it been 100/1. 1941, 1990 and now.
All three were major crisis. War, savings and loan crisis, and today. Paper gold and silver has become detached from physical over the last week. It is 25% more for physical now. JP Morgan is covering their shorts and the slv/gld etf should revert to the mean of late. For silver spot to go from $17.50 to $12.50 following the market down makes zero sense unless it is being manipulated. A 30% decline is ridiculous. They are doing everything they can to keep the masses believing paper is currency. If everyone moved to silver gold coins it would not allow them the time they need to destroy us. We would destroy them.
These etf losses make zero sense. The institutions hate gold they think it is archaic But once the masses wake up soon and run on the banks they will see they cant take $300k out and will move it into PM etf’s. I am betting on this for some likely good paper PM gains in the next 2 months all while buying up what I can in physical now.
PM’s should never be correlated to the stock market. They have always been a safe haven from stocks until obammy got the plunge protection team and big banks into collusion to suppress it. They will soon find out the market is a beast and is so much bigger than them and the reversion to the mean will be very quick. Once neighbors get real fearful and word spreads real money is real they will have no choice but treasuries (at negative rates) or slv/gld….
check out this article–beginning on 3/26,the fed is lowering reserve requirements for banks to ZERO —
https://www.investmentwatchblog.com/no-reserve-requirement-the-fed-will-replace-fractional-reserve-banking-with-no-reserve-banking-and-0-interest-rates-thousands-of-banks-now-free-to-create-limitless-amounts-of-loans-without-any-reser/
the “market” is just a fucken farce.. wonder what Ricky would say…
https://www.youtube.com/watch?v=Wa5KlaVi–4
Last month an ounce of gold would have bought you 10 piglets.
Today the rate is 5:1
I still have a limited number of piglets available.
And what of the fresh maple syrup trade?
How much silver will fetch a quart of the magic liquid?
Do you have any unspoken for? Are you able to get it to a transport company for shipment without breaking quarantine?
Please advise.
We are Zimbabwe! We just haven’t been told yet. Before I log on here or answer email I scan headlines from all walks of life and all political and financial persuasions. Probably 4 or 5 dozen.
I ignore all the answers and look at the questions.
The prevailing question is “What are the authorities(Your Pick of authority) going to do about it(Your Pick of which It)”. My question is “Why do we keep asking the authorities to fix a problem they created with more of what they created?”
3 months ago the dollar was worth 2 cents of it’s original value. How many trillions have they printed since and plan to print in the next two months. Look for a ban on cash or a change in the color of the currency but not at par. Not even close.
No need to ask how Pm’s can be so cheap. If you are a semi regular here, you already know it’s impossible without extreme dishonesty which happens to be the only product the government produces. If you can take delivery of silver at 3 bucks over spot today, how are you going to lose money. A wheel barrow of fiat for a wheel barrow of silver is a good deal.
Now just convert that to covid-19. The biggest headline I spotted was “Assume everyone is infected”. The cure? Stop all movement so we don’t spread it to any one else! What anyone else?
“”If you can take delivery of silver at 3 bucks over spot today, how are you going to lose (dollars).”
weren’t people saying that a year ago? a month ago? last friday?
“What anyone else?”
(shrug) truck jackings. road blocks. rationing. mandatory (fill in the blank).
Gman. I thought you were taking a month off.
People were saying that a year ago and they haven’t lost a dime. It will still buy the same amount of bread it did last year. Would you rather have people leave their money in dollars that are valueless.
What ever your last comment is supposed to mean is a mystery. If we all have it why are we worried about giving it to anyone else. What do truck jackings have to do with that.
Amen brother.
I am not going to hazard any predictions and forecast in particular
except to say that you will know a tree by the fruit it bears.
it’s a shit apple