PtahX

I’d like to order some Stock Market Volatility with a side of Drum & Bass please 🍸😁

[Don Durrett - goldstockdata.com @DonDurrett]

Gold futures (paper) traders in New York tend to control the price. China has decided to limit paper trading.

Hmm. Why would they do that? Hint: they want physical gold supply/demand to set the price. 😉

[PtahX @ptahx]

@BritinLithuania @KarelMercx Good read, thank you for the post !

[JustDario @DarioCpx]

Physical silver continues to leave the Comex, day after day, no matter what. The fundamentals never changed, and if you even consider how strong the push for electrification to diversify from oil in the future will be, the long term prospects for silver are even brighter

[PtahX @ptahx]

@Crowded_Mkt_Rpt I think they want an excuse to run inflation for longer, regardless of who they get killed.

[PtahX @ptahx]

@Whyy_Guyy @GoldTelegraph_

[PtahX @ptahx]

@KobeissiLetter The CACO Trade?

[PtahX @ptahx]

@DemandZoneKing @KobeissiLetter We are hoping that the USA will invade and overthrow our corrupt Government and help us start utilizing our natural resources too.

[Cassandra Unchained @michaeljburry]

So the Fed is now buying Treasuries again. $40 billion of bills a month...@FTAlphaville covers it well. And with a sense of humor - Sure John LOL. And we have a "new" acronym to learn RMPs - Reserve Management Purchases. The last line of the article is notable.

“However, given the stubbornness of the recent repo market volatility, Alphaville would be surprised if the Fed doesn’t unveil a dose of “temporary open market operations” before then — just to make sure Christmas isn’t ruined by an end of year funding crunch shitshow.”

I would add that if the US Banking system can’t function without $3+ trillion in reserves/life support from the Fed, that is not a sign of strength but a sign of fragility.

It was $2.2 trillion pre-2023 banking crisis. The temporary BTFP support became load-bearing. In 2007 it was $45 Billion with a B. That reserve level might grow with the economy, but the economy sure isn’t doing that well.

So I’d say US Banks are getting weaker way too fast.

Seems that after every crisis now the Fed needs to expand its balance sheet permanently or guarantee a bank funding crisis. No wonder stocks are doing well.

On CNBC you’ll hear recommendations to buy bank stocks because they are so overcapitalized and the economy is improving, but I don’t. In general, for amounts over the $250K FDIC limit, I keep cash in Treasury Money Market Funds.

The practical limit of this might be full nationalization of the US bond market - the Fed owns all $40 trillion US debt. So party on, I guess.

Bonus if you caught this too - the US Treasury has been tilting its sales toward short-term Bills to avoid driving 10 year rates up. So the Fed's focus on buying Bills is awfully convenient.

The Fed and the US Treasury sittin' in a tree
K I S S...

RIP QT; long live ‘reserve management purchases’ https://t.co/QHAGHH2B4t via @FinancialTimes

[PtahX @ptahx]

@Tablesalt13 Ontario

[PtahX @ptahx]

@RosieRocks29 good riddance !

[PtahX @ptahx]

@TradeBanditLive Impressively artistic charts! 🪭

[DeepLens @LetTheLionsOut]

@strauss_matt Thank you, Matt.

Bills C-2, C-8, and C-9 are clear violations of the Charter and fail the Oakes test, in some cases (e.g., C-9), at every step.

These bills each represent a constitutional coup, sedition and treason (use of non-physical force to overthrow the constitution).

[Sefton Hanley @seftonhanley]

@RnaudBertrand W.M.D.

[𝐓𝐗𝐌𝐂 @TXMCtrades]

The core reason people say you should "never go full macro" is because diving into the hard data on this long term fiat debt cycle will only leave you feeling despondent and enraged by the self inflicted wounds of organized society. These emotions can easily tilt one into a permanent bearish stance on markets and risk taking when the optimal choice is to turn off your brain and long until the wheels literally come off the wagon in broad daylight, as they invariably always do. This is the juxtaposition of all market actors in a Fourth Turning. It's so incredibly fucking bearish that the only choice is to be bullish.

[Arun S. Chopra CFA CMT🧐 @FusionptCapital]

Gold watching Moody's get around to issuing a downgrade.

[Matt Strauss @strauss_matt]

You need to be very concerned about Bill C8.

It allows @melaniejoly to kick anyone off the internet with no trial, no warrant.

Worse, you won’t be allowed to say you’ve been kicked off.

This is the Emergency Measures Act on steroids, only permanent and secret.

[Not Jerome Powell @alifarhat79]

This is my quant

[PtahX @ptahx]

@Martyupnorth_2 nope

[hansolar @hansolar21]

South Korea literally streaming live perps trading like esports competitions 🤯

[JennyManyDots @jenstilmanydots]

NYT 1978 - must-read
#gold
For a time, the system worked smoothly. The only fly in the ointment was gold. As long as the dollar was as good as gold, people were willing to hold dollars. Currency speculators turned on the dollar with a vengeance.
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https://t.co/hc38Ozw7g7