2020 Collapse

Gold jumped 59 $ today.

It would be nice to buy platinum as 600-700 $ now, but which crazy dealer would be "fair enough" to sell at a "normal price"?
 
JohnnyBravo300 said:
Trump just signed a bill to take over anything they want and to invoke full blown socialism here in the usa.
Like they havent done enough damage already. This is alot like bush jr and his patriot act. Same type thing, maybe a patriot act II.
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NO HE HAS NOT! please you anti Trumper leftists nut jobs are really grabbing at straws here
 
TreasureHunter said:
Gold jumped 59 $ today.

It would be nice to buy platinum as 600-700 $ now, but which crazy dealer would be "fair enough" to sell at a "normal price"?
Click to expand...

If you plan to hold long term until fuel cell demand appears, a 10% premium don’t matter. I might get another 100g bar for fun, but my focus is now on mining stocks.
 
Trump is to blame for all of this. "Mr No Gains" has inflated a fake bubble by printing trillions and now its popped.
His leftist socialist policies have failed like the rest before him.

Socialism never works.
 
All no gains had to do was be honest and he couldn't even do that.
Fed puppets arent allowed to be honest. They work for the fed, not the people.
Now he will live with this massive failure and the biggest crash in history on his pathetic watch. Hope selling out was worth it for him haha.
Maybe next time the neocon hero will do better but I wouldnt count on it. Everyone saw this coming a mile away!
 
JohnnyBravo300 said:
Trump just signed a bill to take over anything they want and to invoke full blown socialism here in the usa.
Like they havent done enough damage already. This is alot like bush jr and his patriot act. Same type thing, maybe a patriot act II.
Click to expand...
The element of national control within Fascism, Corporate Fascism or titles such as "National Socialist Democratic Party" may be a future problem....
 
Take that 3.283 million number with a grain of salt. It's going to get revised upwards.

...
The difference in new jobless claims reflects a number of factors, the most of important of which is the ability to handle a flood of applications. New York state’s system was overwhelmed last week and many people were unable to file. State officials have indicated the number of people who wanted to file claims was actually much higher.

Similarly in California, the state’s governor said some 1 million new claims were filed from March 13 to March 25. Officially, the state “only” reported a 186,000 increase last week.
...
Click to expand...

https://www.marketwatch.com/story/n...-other-states-2020-03-26?mod=newsviewer_click
 
^
I'm reading conflicting figures. I'll research and wait a few days to hear the big voices: Schiff, Roubini, Jickards, Faber...
 
Complete insanity seems to have now gripped the financial markets ( or maybe the plunge protection team now has unlimited funds ).
I was expecting a 2000 points down day on the Dow last night on those horrendous jobless claims in the US.
Instead I see that the Dow 30 finished up 1351 points.
Unbloody believable!
 
hardyakkagold said:
... or maybe the plunge protection team now has unlimited funds ...
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Fed balance sheet went from 4.7T last week to 5.3T (reported today, data through yesterday). Will be very interesting to see where it is Thursday next week (when they publish the next weekly report).
 
pmbug said:
Fed balance sheet went from 4.7T last week to 5.3T (reported today, data through yesterday). Will be very interesting to see where it is Thursday next week (when they publish the next weekly report).
Click to expand...

There is only one way I can see it going.

I read that Mnuchin has been quoted as saying that the jobless numbers are not relevant now!

Maybe they are not relevant to the greedy SOB investment bankers like himself, but they damn relevant to all the people
who's livelihoods are being destroyed.
 
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