AF2 USAF C-40B departs JBA west (still using the normally used by State Dept AC)
99-6143 USAFSOC C-32B departed Eglin AFB ne
02-4452 USAFSOC C-32B departed McGuire AFB, NJ to the en
Silver Soars, Gold Retraces Over 50% Of Last Week's Plunge As Dollar Dumps-lowest since June 2018
Last week was a tough one for gold and silver investors. Both metals saw significant corrections. This led some people to declare the gold bull market dead. But, as SchiffGold.com notes, historically, big corrections have been a normal feature of gold bull runs.
Last Tuesday, the price of gold dropped more than 5%, falling far below the $2,000 level. It was the worst single-day rout in seven years. Gold continued to fall in Asian trading Wednesday morning and briefly dropped below $1,900 before clawing back later in the session. Silver also had a precipitous fall, diving some 13%. In fact, we can look back at other big gold bull markets and see this phenomenon play out. In 1979, gold climbed over 274%, rising from just over $200 an ounce to over $800 an ounce. But during that year, there were 11 corrections of more than 3%. At one point in August of that year, gold plunged over 12%. Seven of those corrections were greater than the 5% drop we saw last Tuesday.
Silver saw an even bigger gain in 1979, rising 480% from just over $5 to $49 an ounce-See Hunt Brothers corner the Silver Market.
How the Hunt Brothers Cornered the Silver Market and Then Lost it All
https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/
Silver corrected a dozen times that year, falling more than 5% each time. The biggest selloff led to a 23% freefall in October. Silver also dropped 18% just before making its top. We saw a similar pattern of corrections in gold’s bull run between 2009 and 2011. In that time, gold gained 116.7% but corrected more than 3% 17 times. Eleven of those corrections were greater than 5%. That averages to roughly one big pullback every two months. The biggest drop was 10.6% in December 2009.
Meanwhile, silver dropped more than 5% 23 times during its bull run between 2009 and 2011 on its way to a 339.5% gain. But, we already seeing prices comeback strongly with Gold having retraced over 60% of last week's drop…And Silver soaring once again. This is happening as the dollar tumbles back to its lowest since June 2018 You’re going to see big selloffs during a bull market. We will likely see plenty more before the current gold bull runs its course. It’s important not to panic when metals sell off.
Gold and silver are not up because of COVID. Now, COVID is part of the reason, but it’s not the actual cause. You see, what happened is governments, and in particular central banks, they have responded to COVID by printing a lot of money. Governments are running big deficits and central banks are printing the money to monetize those deficits, especially the Federal Reserve. And so, it is the money printing. It is the inflation that central banks are creating in order to monetize government debt that is a response to COVID — that is helping to drive the gold price higher. So, it is not COVID itself that is bullish for gold. It is the government’s response. It is central bank and Federal Reserve policy in response to COVID that is very bullish for gold.”
The bottom line is the Fed isn’t about to normalize rates or end quantitative easing or shrink its balance sheet. And it is not going to worry about inflation. As long as the Fed persists in this extraordinary monetary policy, the momentum will stay with gold and silver.
https://www.zerohedge.com/political/silver-soars-gold-retraces-over-50-last-weeks-plunge-dollar-dumps
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
https://www.marketwatch.com/investing/index/dxy
U.S. equity markets rallied Monday morning, putting the S&P 500 on the verge of record territory.
The benchmark S&P 500 gained 0.32% the opening minutes of trading while the Dow Jones Industrial Average was up 53 points or 0.19% and the Nasdaq Composite was higher by 0.59%. The S&P needs to finish above 3,386.15 to close at a record high and eclipse 3,393.52 to set a new intraday peak. A record high may not be too far away after Goldman Sachs raised its yearend S&P 500 target by 20% to 3,600, citing stronger-than-expected U.S. growth helped by the firm’s belief at least one COVID-19 vaccine will be discovered by the end of the year. Looking at stocks, Apple Inc. continues its quest to become the first U.S. company to reach a $2 trillion valuation, needing to top $467.77 a share to achieve the level.
Barrick Gold Corp. surged after a regulatory filing out Friday evening showed Warren Buffett’s Berkshire Hathaway established a position of nearly 21 million shares, worth $563 million. Berkshire also sold large portions of its stakes in JPMorgan Chase & Co. and Wells Fargo & Co.
https://www.foxbusiness.com/markets/us-stocks-aug-17-2020
https://finance.yahoo.com/quote/%5EGSPC
VENUS92 USAF C-32A also sw out of JBA
SAM375 USAF G5 departed JBA sw with
AF2 USAF C-40B continues west
99-6143 USAFSOC C-32B landed at NAS Oceana, VA-not on cap
09-0015 USAF C-32A departing JBA to the nw while PAT009 US Army is back to JBA from a ground stop at Cleveland, Oh-Burke Lakefront Airport
not quite yet-clouds keeping temp down so far-soon as they go it will be swimming in yer own clothes.
hate it but doggo don't care.
already the nervous looks
have a good bake.
doggo shortly after nb begins
the Bay area thunder quite unique
spouse talked to fam members up there- they say it was just the light at first and no boomers.
then the boom booms came in as you would expect.