tyb
Market Report….and the POTUS spoke..and it was guuuud
FUCK YEA!!!!…Eat that
also remember that as quickly as this was up it can be turned the other way..and often does.
POMO,POMO,POMO-did I say POMO? and the market said yeeaaa ok I'm over it on a friday afternoon closing with a strong finish and a big bunch of volume too, at the highs of the day after POTUS' announcement.
Volumes up over daily averages again-no surprise there but not over yesterday's totals.
Treasury markets have been stable all day. The POMO's (indirectly) made sure of this. The US mint has suspended the sales of Silver Eagles-because they don't have the blanks for striking-they have done this several times over the years and it usually portends an inability to secure the blnaks. Of courseit makes total sense that the spot price of silver was down large today-see cap# . Frens this is how a paper-market gets exposed..it has to be destroyed in it's paper form so that the raw or hard asset can be freed from the shackles of a FIAT-based unsound system. Volumes are off the chart in all metals and prices smashed-especailly Silver-see cap#4. Get you some-been saying this for almost 2 years and metals are the ONLY thing this pepe has ever advocated to buy.
Gold -53.80 -3.42%
Silver -1.20 -7.60%
Take advantage of this. It will probably continue to drop ( it's PAPER!!) but don't give a shit about the price. See US Mint suspending Eagle sales…this is speaking to you!!!
The dollar has advanced the most since 2008 with the dollar index is up 3.4% on the week and the highest level in 3 years-no coincidence with that at all…nothing to see here-see cap#3 In afternoon trading, the dollar gained 2.9% against the yen to 107.66 JPY (BoJ gonna have an issue soon) and further note: this siginals the scramble for US dollars by the Banking system specifically the issues of Corporate debt.
Also about $7B of municipal debt was suspended today…see here
Municipal Bond Issuers Halt Billions of Sales in Market Rout
https://www.bloomberg.com//news/articles/2020-03-13/municipal-bond-issuers-halt-billions-of-sales-in-market-rout?
POMO's or Permanent Open Market Operations were announced and a total of six were conducted. They were all over-subscribed-meaning the participants all showed up to the desk with much moar than the FRBNY was willing accept. The worst example was the 4.5-7 year soak up which was 3.35x oversubscribed. So sorry Jamie and Co. you'll just have to bring those in on monday and the next day..and the next day etc. These will continue until they don't….moar fuel to saddle the FRBNY with. Incidentally this is the control structure of the entire financial system…the FRBNY, NOT the Federal Reserve Board located in DC. This is a facade for the actual rulers of this system-they reside in New York. If you don't believe that then why do ALL of the market operations eminate from muh FRBNY.
you can follow along here
https://www.newyorkfed.org/markets/pomo/operations
Rates will be substantially lower as announced by the FOMC on March 18th. The bond market has spoken..they set rates.
The bottom line is that whatever the Fed is doing to inject much needed dollar liquidity, is not working.
Another VERY LARGE overt QE is just around the corner as inter-bank lending is now reaching critical mass rate-wise because all this done in the last 24 hours has not changed that..see higher dollar. Howya feeling about now Mr Dalio?? Faggot.
The pound also plunged 2% against the dollar to $1.2302. With that news out the talking heads at CNBullShit jaw-boned another W-style (cough Cheney…ahem) stimulus program-yes we need moar money printed so people can go buy a 4th flat-screen TV…retards. The pickle on the top of that shit sandwich was this quote "lowering interest rates would do absolutely nothingto address the core cause of the current economic turmoil"-Andrew Freris, CEO of Ecognosis Advisory. What a fuggen douche.
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
https://www.marketwatch.com/investing/bond/tmubmusd10y
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
https://www.marketwatch.com/investing/index/dxy
I can't say. The Fed will be announcing big cuts and traditionally speaking this is a scenario that is sold off shortly after. Predictions, in public, are not something I want to do. We are in uncharted territory.
ty for that other comment too. appreciate it. you have a great weekend anon. This is so grade A entertainment.
>The Glass-Steagall Act is occurring. Derivatives and Corporate Lending will tank unless supported by the Fed. The Market will reflect production of goods in USA
the mkt report