Friday, September 20, 2024

Gold up 26% . . . in 2024

Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East.

Spot gold was up 0.7% at $2,605.50 per ounce, while U.S. gold futures rose 0.6% to $2,630.30. Silver gained 0.5% to $30.93.

Bullion’s latest rally got a fillip after the Federal Reserve initiated an aggressive easing cycle on Wednesday with a half-percentage-point reduction, adding to the appeal for gold, which pays no interest.

Prices of the safe-haven asset have climbed 26% in 2024, its biggest annual rise since 2010 . . .. 
 
More

$SPX is up 19.82%.

CNBC fact-checks Joe Biden, now that it doesn't matter

 But the article name-checks Donald Trump five times because he's an opponent of Fed decisions.

There's a whole movement out there that wants to End the Fed, composed of Republicans, Democrats, and libertarians, which CNBC is loathe to mention.

Many of them argue that the US 2-year Treasury Note should be the benchmark for the Federal Funds Effective Rate, not the whim of the Fed Chair and the Federal Open Market Committee, who are un-elected, well-connected, and VERY WELL PAID elites who watch out primarily for the interests of the banksters.

For example, despite the disastrous Zero Interest Rate Policy post-Great Recession, DGS2 resisted it and outran DFF throughout the period under Obama and Trump, and anticipated the recent inflationary outburst by starting to rise in the spring of 2021, a full year before the Fed moved to "combat inflation" by raising the funds rate in the spring of 2022. 

Similarly DGS2 also started to fall in November of 2023 despite no change to Fed policy, anticipating the recent decline of inflation rates by almost a year.

The role of the US Treasury Secretary, AS MUCH A CREATURE of the Executive as the Fed Chair, is also huge for interest rates because the Secretary decides how to divvy up the debt securities for auction by duration.

Biden's Treasury Secretary Janet Yellen has been in the news for driving up the issuance in T-bills to 22% when 15% has been customary, which has contributed to longer rates falling and stocks rising, just in time for the election.

But the costs of this have been dramatic, financing deficit spending at the highest rates and driving interest payments on the debt to the third spot in the budget, behind only Social Security and Medicare.




Thursday, September 19, 2024

The value of US Treasury securities held by foreigners made another new record high in July 2024

 $8.3385 trillion, but the lunatics on X are saying "everybody's selling".

Grand total net value was up nearly $128 billion compared to June, and nearly $740 billion year over year.


I'm going to have to get a neck brace to prevent the whiplash: PA shifts back to Dem, Harris winning Electoral College 276-262

 


Kamala Harris says the young people she once called stupid are brilliant now

 



Kamala Harris' interview with the National Association of Black Journalists left the moderators with such joy after she boogied-on out of there

 


Kamala Harris is hiding from the press

 The Harris-Walz media strategy: Hide from the press :

Bottom line: Some of Harris' worst moments as vice president have come during interviews when she made flip or unclear comments about key policies.

 


 

Stocks and gold soar, long end UST yields RISE, federal judge orders student loan forgiveness plan to remain blocked, house prices set record in August and sales drop

And . . .



Nancy Pelosi's open primary for Kamala Harris lasted from 1:54pm to 2:13pm on Sunday, July 21, 2024

 



Nancy Pelosi channels her inner Nick Fuentes

 


Nick Fuentes: It's a trap!

Room temperature IQ:



Wednesday, September 18, 2024

One foreign country responsible for most of the threats called in to Springfield, OH, says Governor DeWine


 


Iran tries to help Democrats beat Trump by sending them information hacked from his campaign, says FBI

 Like who believes the FBI anymore?

How do we know it wasn't the FBI hacking the info and sending it to Dems?



The Teamsters Union will endorse no one for president this year because the membership is in revolt and supports Donald J. Trump lol

 


Hanoi Jane has deployed to Ann Arbor to get out the vote for Comrade Kamala

 


 Watch.

Gold has other opinions about inflation

 Gold jumps to record high after U.S. Fed delivers 50 bps rate cut

Gold prices rose to an all-time high on Wednesday after the U.S. Federal Reserve cut interest rates by 50 basis points, sending the dollar lower.

Spot gold was up 0.9% at $2,592.39 per ounce. U.S. gold futures settled 0.2% higher at $2,598.60.

 

Well, that's the end of the inflation "fight"

 Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

 


World News Tonight With David Muir experiences 12% drop in viewership after failing to fact-check Kamala Harris during debate with Trump September 10th

 Muir and co-moderator Linsey Davis fact-checked former President Donald Trump five times without ever correcting Vice President Kamala Harris.

More.

Tuesday, September 17, 2024

Israeli ingenuity finds way to make Hezbollah pagers explode simultaneously in south Lebanon and Syria, injuring thousands of terrorist fighters, including the Iranian ambassador lol


 

 Well, why does the Iranian ambassador to Lebanon have a Hezbollah pager in the first place?

I mean, they aren't working, you know, TOGETHER, are they?

Pagers used by hundreds of members of the militant group Hezbollah exploded near simultaneously in Lebanon and Syria on Tuesday, killing at least nine people – including an 8-year-old girl -- and wounding several thousand, officials said. They blamed Israel in what appeared to be a sophisticated, remote attack.

Among those wounded was Iran’s ambassador to Lebanon. ... The pagers that exploded had been newly acquired by Hezbollah after the group’s leader ordered members to stop using cell phones, warning they could be tracked by Israeli intelligence. A Hezbollah official told The Associated Press the pagers were a new brand the group had not used before.

At about 3:30 p.m. local time on Tuesday, pagers started heating up and then exploding in the pockets and hands of those carrying them -- particularly in a southern Beirut suburb and the Beqaa region of eastern Lebanon where Hezbollah has a strong presence, and in Damascus, where several Hezbollah members were wounded, Lebanese security officials and a Hezbollah official said. The Hezbollah official spoke on condition of anonymity because he was not authorized to talk to the press. ... AP photographers at area hospitals said the emergency rooms were overloaded with patients. Some had missing hands or chunks blown out of their legs near the pocket area.

More.

A fabulous success for Israel.

A bad day for Democrat appeasers of Iran, but I repeat myself.

Lots of dickless, ball-less Hezbollah, too.

Hillary has jumped on the bandwagon of the enemies of free speech, who are mostly much younger, to make herself more relevant and sell her FOURTH memoir lol

She's a total grifter, just like the rest of them.