This is really huge. I cannot overstte how huge this is:
The Fed has been intervening in the Treasury market and they are still losing control of it.
This is not going unnoticed by myself, which means financial pros are paying even closer attention to it. If they lose faith in the ability of the the Fed to control this, it could turn into a rout.
The Fed knows that even better than we.
So this means my “QE clock” has become an egg timer.
@cmartenson does an egg timer mean 3 minutes? Is it going down today?
I suspect tonight when only the US markets are still open the plunge protection team will be called in briefly to push gold and silver, interest rates down and the dollar up a bit. That way we can go into the weekend seemingly worry-free again.
Anyone know why Chris says gold will be unaffordable while silver will remain affordable but unobtainable ? If it’s unobtainable how does that leave the price affordable? Supply and demand doesn’t apply to silver?
Just a guess here but silver is heavily used in industry, and miners are not keeping up with demand… so lets say silver goes from $30- $300 an ounce… technically still within reach of the common man… however industry “solar panel companies” electronics" will likely hoard it, stock pile it and not sell it… Gold on the other hand if it goes from $3000 an ounce to $30,000 an ounce since its not as widely used in industry might still be available but the common man usually doesn’t have $30,000 free lying around to buy it… now I could have that wrong and somebody more knowledgeable here can jump in and correct me… but i think thats the ~ general theme… One costs so much only the rich can buy it, and one is hoarded so much by corporate its not available to the man on the street… and only available by the semi load
I was wondering how that applies to the China tariffs seeing how they build all the panels.
It might. Always ominous coming into a weekend because this is when they announce big things like bank failures and other giant market moving events.
I think egg timer means things went VERY SHORT TERM… like hours-days.
Oops, I see Chris replied 
What HE said!
Just watching this and he’s saying recession is coming to US and QE is months away…
I think Louis work in (still might) China for long time… If that’s the case will recession pull down everything from these levels or melt up first like David Hunter predicting… Thoughts?
No, they do not. Not if we take prior price smashes for silver as our guide. It got clocked by ~-30% one night (was it in 2008?). I called right away to get more at this new low price. None could be found. The wait was 6 weeks, minimum.
That’s how manipulated ““markets”” work.
“This is the price, and no there’s none available”
LOL
If none is available the price should rise until some becomes dislodged from somewhere.
Thanks. Navigating through our criminal financial system feels like being a Jack Russell terrier on meth looking for an invisible squirrel.
Similar but occurred during COVID. 2020?
It’s crazy talk but silver being capped at $75-$125 might very well resemble a modern echo of Bretton Woods style monetary coordination. This would “perhaps” make silver the pressure valve of the system, allowed to rise but capped to avoid signaling uncontrolled fiat devaluation or triggering mass retail hoarding.
I am now seeing some “strange” shipping lanes from you know where to countries that can’t support the volume. 'Wonder where that product’s final destination will be? hmmmmmmmmmm
Whew! emergency pumps activated!
As you can see, the rescue was poured into bonds first, then stonks followed along a few minutes later.
I wonder how much this cost them?
How much of the unusual bond behavior is the loss of confidence in the USD and Treasuries coupled with the shift to ‘safe’ assets gold & bitcoin and the exit of BRICS nations from the USD party?
Is there anything Trump & team can really do? Are they not just a continuation of the problem of government control (aka manipulation) of the currency?
Many years ago Von Mises wrote that, “there is a downward trend in prices” – but he wrote that before the FED counterfeit operation began.
Isn’t the real answer …
“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.”
Freidrich Hayek
0.24 kw
This is just excellent and describes how I’m feeling on a daily basis.
