tyb
>>6424871 lb
sorry for not replying, a bit busy with watching mkt stuff. If you stack silver you are in the best possible position, this just my opinion but that has been beaten down for a long time and in some cases, if not all, moar than gold-not in dollar amounts but firepower via the COMEX dumping of paper. Keep stacking!
Been doing that for a long time too.
Asian shares turn south after Trump vows tariff hike
bold and ()=additions
spreading now
SHANGHAI (Reuters) - Asian equities tumbled, oil prices plunged and the safe-haven yen strengthened early on Monday as trade negotiations between China and the United States deteriorated suddenly, reversing apparent progress made in recent months.
Japan still closed-but it's futures are down as well
U.S. President Donald Trump sharply escalated trade tensions between the world’s two largest economies with tweeted comments on Sunday that talks toward a trade deal with China were proceeding “too slowly”, and that he would raise tariffs on $200 billion of goods to 25 percent on Friday from 10 percent.
He also said he would target a further $325 billion of Chinese goods with 25 percent tariffs “shortly”.
The tweets upended the previously calm market mood that had benefited from signs of robust growth in China and the United States, and from comments from Trump and other senior U.S. officials that trade talks were going well.
“President Trump just killed the trade deal for a while and that has implications for Chinese and global growth, it also has implications for a number of assets,” Greg McKenna, strategist at McKenna Macro said in a morning note to clients.
(total bullshit here, POTUS did not kill this deal-the chinese were not going to agree to anything and since munchkin's was in charge of the negotiation's all we ever got was endless PR about it being close…and now it's not on as of right now)
In early Asian trade, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent.
Australian shares were 0.6 percent lower in early trade.
Japanese financial markets remain closed until Tuesday for a national holiday, but Nikkei 225 futures dropped 1.8 percent to 22,085.
E-Mini futures for the S&P 500 slid 1.7 percent after the U.S. payroll data had helped to lift Wall Street stocks on Friday.
In commodity markets, U.S. crude plunged 2.15 percent at $60.61 a barrel and Brent crude fell 1.78 percent to $69.59 per barrel.
With an imminent trade deal on hold, Treasury futures jumped 14 ticks.
Data from CME Group showed the market sees a nearly 58 percent chance of a Fed rate cut by the end of the year.
Cap #4
As investors flocked to the safe-haven yen, the dollar dropped 0.4 percent against the Japanese currency to 110.67.
But China’s offshore yuan plunged, weakening to 6.8108 per dollar, its weakest level since January 23.
The single currency was down 0.18 percent on the day at $1.1180. The dollar index, which tracks the greenback against a basket of six major rivals, was up at 97.574.
Spot gold jumped 0.4 percent to trade at $1,283.65 per ounce.
should be moar-thank you COMEX paper mgmt program
https://www.reuters.com/article/us-global-markets/asian-shares-turn-south-after-trump-vows-tariff-hike-idUSKCN1SC00F
https://www.dailyfx.com/crude-oil?ref=TopRates
https://www.barchart.com/futures/quotes/ZNM19/overview
China central bank says to cut reserve requirements for small and medium banks
BEIJING (Reuters) - China’s central bank said on Monday it will lower the reserve requirement ratio for small and medium-sized banks effective on May 15, marking the latest policy support measure by Beijing to support companies struggling amid an economic slowdown.
The People’s Bank of China said in a statement that the reduction will release about 280 billion yuan ($41.23 billion) in long-term funding, which will be used for loans to small and private companies.
($1 = 6.7908 Chinese yuan renminbi)
https://www.reuters.com/article/us-china-economy/china-central-bank-says-to-cut-reserve-requirements-for-small-and-medium-banks-idUSKCN1SC02D?il=0
So this is the printing that was warned about on thursday, it's not overt printing ala the FRB or PBOC normal action's but it has the same desired outcome, moar money thrown at poor market's.
in the worst way. Be last imo
FIAT currency has got to go everywhere-does not mean it will-can see europe still clingning to it's paper but I don't have any special insight as to how and when. All I know is that these mkts have run the course and the reaction's are them-the FRB and market participant(s) trying to keep this shit-pile together. When it does go, for us, it should be a currency against a basket of real hard assets like oil/gold/silver etc and tie them to a blockchain verification mechanism. Not bitcoin or any of those token's though-one or two of them may be ok but so many bad actor's in that space it's a stretch to see any of them as legitimate. The legitimacy will be in the blockchain tech though.
o7
did not make it, been in here for a long time. Since last may..I just appropriated it since ca anons were not very plentiful then-there were some but very few.