Those who don’t take a risk in life end up working for those who do ..
Bull Markets are born on pessimism, grow on skepticism,mature on optimism DIE ON EUPHORIA
#ECB hiking rate yesterday shows an institution which completely lacks understanding of the Dynamics of the Economy. And also do not study history!
Inflation is a LATE-PHASE phenomenon. It is NOT to be reacted (in the late-phase) on, as the Slow-down in the Economy is already slowing inflation.
You hike when the Economy is strengthening. Not when weakening!
Observe the chart below!
The GDP growth is already close to ZERO in the Euro-zone - and trend is down. Consumer is under considerable pressure.
And yet.... ECB hikes rates - just like in 2008 - at the exact same levels - and with the same trend in GDP and Sentiment like in 2008 (and in 2001).
You cannot make this up! This is going to haunt the ECB in the coming years.
So,
so you think you can tell
Heaven from Hell,
blue skies from pain
Can you tell a green field
from a cold steel rail?
A smile from a veil?
Do you think you can tell?
Did they get you to trade
your heroes for ghosts?
Hot ashes for trees?
Hot air for a cool breeze?
Cold comfort for change?
Did you exchange
A walk-on part in the war
for a lead role in a cage?
How I wish,
how I wish you were here
We're just two lost souls
swimming in a fishbowl,
year after year
Running over the same old ground
What have we found?
The same old fears
Wish you were here
The rumor says a major bank collapsed on a silver margin call at 2:47 AM December 28.
I cannot verify that.
What I can verify is more interesting.
JPMorgan filed an 8K on December 27 disclosing 4.875 billion dollars in unrealized silver losses. They flipped from 200 million ounces short to 750 million ounces long physical. The largest position reversal in the history of the silver market happened in the last 30 days and nobody on financial television said a word.
The rumor claims 34 billion in emergency Fed repos. Official data shows routine operations under 7 billion. Either the data is lagged or the rumor is wrong.
But here is what nobody is asking.
Why did JPMorgan suddenly need to own three quarters of a billion ounces of physical silver after spending 15 years on the short side. What did they see coming that made them eat a 5 billion dollar loss just to get positioned the other way.
The collapse story might be fiction.
The position flip is filed with the SEC.
One of those facts will matter more in 90 days than the other.
Stop chasing the rumor. Start asking why the smartest bank in commodities just switched sides at the worst possible price and seems fine with it.
https://t.co/VZD2WlF6Ux
🚨 IT'S OVER: Banks Tap Fed for $17 BILLION as Silver Shorts Implode 🚨
While everyone watched silver rip to $79, the real “smoking gun” hit the plumbing: $17B tapped from the NY Fed repo window the Friday after Christmas, an emergency cash grab that screams margin stress + liquidity panic. Add record COMEX delivery demand (63M oz) and you’ve got the setup: paper shorts running out of ammo while physical buyers take the metal. The suppression machine is cracking.
Every autumn, a huge golden cross appears in the forests of County Donegal, Ireland.
3000 Japanese larch trees were planted among pine trees, creating a cross pattern when the larch trees turn yellow.
NEW: China officially opens the world’s tallest bridge, completing the project in under 4 years.
The bridge features a restaurant at the top, a whopping 2600 ft above the river.
The bridge not only cuts a 2-hour drive to 2 minutes, but also features as a theme park with a glass skywalk, a high-speed glass elevator, and a waterfall off the edge of the bridge.
Visitors can also bungee jump off of it.
The Huajiang Grand Canyon Bridge is 2050 feet above the river and spans 4600 feet over the river.
Insane.