tyb
R50338 US Army Dash 8 with a few circles over the George Washington Nat. Forest then north to Bridgewater, VA for it's semi-regular floral pattern over Bridgewater Air Park-Home of Dynamic Aviation: https://www.dynamicaviation.com/ and now back to Manassas Airport, VA
SAM135 US Army G5 departing St. Louis Downtown Airport ne after an overnight and on descent to Ft. Wayne, IN-this AC did several fly overs at Bill and Hillbags Airport Little Rock, AR on 0721
WING28 US Army C-560 east from Topeka, KS-Forbes Field after ground stop-origin McGuire AFB, NJ
R01052 US Army C-560 departing Kalamazoo-Battle Creek Int'l Airport, MI east after a ground stop-origin Bloomington, IN-Monroe County Airport
GTMO842 US Navy Beech Huron departed NAS Jax se
MAGMA89 nw over Louisiana after departing Homestead ARB, FL after a ground stop-origin of San Juan, PR
nothing of note on scope, militarily speaking
GORDO14 USAF E-4B Nightwatch out of JBA after a ground stop-inbound from Offutt AFB, Omaha NE after flying down to Texarkana, TX then east to JBA
Gold prices zoom into record books, set sights on further gains
Gold prices rallied to record highs on Thursday as the U.S. dollar sank to its lowest level in nearly two years.
this is the prime driver of this advance in metals-several other factors, of course, but this cannot be ignored.
Futures traded at the COMEX for the front-month July contract surged $25 to $1,889.10, edging out its previous high of $1,888.70 set on August 22, 2011. Ed Moy, chief strategist at gold retailer Valaurum and head of the U.S. Mint from 2006 to 2011, told FOX Business that gold’s recent surge has some similarities to the last time the precious metal reached a new peak – in the aftermath of the 2008 financial crisis.
This time around, as during the crisis, the government has “put together record fiscal and monetary stimulus” Moy said, pointing to Congress injecting $2.2 trillion, the Federal Reserve printing $2.2 trillion and extending another $5 trillion through loans to banks.
By comparison, during the financial crisis, there was a total of $1.2 trillion of fiscal stimulus and about $4 trillion worth of money-printing over a five-year period.
Moy called the scale of the COVID-19 stimulus “staggering” compared with 2008, and said all of that money sloshing around in the system has people worried about the possibility of inflation. He predicted gold prices would continue to rise until a COVID-19 vaccine is discovered and several treatments prove effective.
Schiff, meanwhile, warned the U.S. faces a “very serious reckoning” in the not-too-distant future as foreigners dump Treasurys and corporate bonds and begin the process of “de-dollarizing.”
He believes the result will be a “tremendous upward pressure on domestic inflation,” leaving the Fed in a bind.
At that point, Shiff said the central bank will have to decide between saving the dollar by selling Treasurys or buying more bonds and letting the dollar spiral lower. The former would cause interest rates to rise and take the stock market down and “crush the real-estate market” and economy while the latter would result in a “currency crisis and hyperinflation like in Argentina or Zimbabwe,” he said.
Schiff said one thing is for certain, though: Whichever path the Fed chooses, “gold goes much higher.”
https://www.foxbusiness.com/markets/gold-prices-zoom-into-record-books-set-sights-on-further-gains
https://www.marketwatch.com/investing/future/gold
https://www.marketwatch.com/investing/index/dxy
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
wasn't on the ground long at Ft. Worth-started at Victorville, CA earlier.
kek
These three AC are converging on JBA
SAM055 5:5 USAF G5 inbound to JBA from Edinburgh, Scotland-Int'l Airport
This AC left JBA on 721 and headed ne to Belfast for a gs then on to Edinburgh
VENUS67 USAF G5 departed Chicago-Midway Airport and right behind
R01052 US Army C-560 that departed Kalamazoo, MI just prior