How many are buying today?\u00a0 It’s hard because those who didn’t buy on the pullback are saying, I’ll wait for another dip….too big of a move today.\u00a0 For GDX, this is going to happen all the way back to 117….<\/p>\n
At that point, great cup and handle, expect a pull back between 100 and 110, and then another breakout.\u00a0 I’ve been looking for this for 6 months….this has been a long shitty spring and summer for investments, but feeling more confident as the Treasury Dept has admitted it will now QE it….and whatever they tell you….they are lying.\u00a0 They will buy more than they disclose…just like we found out in the GFC…that we loaned massive amounts of money to foreign banks as well as US banks…..they just waited to tell you way after the fact.<\/p>\n
Sure, it’s QE lite….my ass…..<\/p>\n
Under the accelerated buyback, Treasury, led by Secretary Scott Bessent, will target the 10- to 20-year and 20- to 30-year portion of the market, which has seen a buyers\u2019 strike since late June. The government will \u201cat least double\u201d the maximum size of its buyback operations, from $2 billion to \u201cat least\u201d $4 billion, according to an announcement from the department.<\/p>\n
What’s the debt we need to roll this year?\u00a0 11 trillion…..double the buyback to $4 billion.\u00a0 When someone is lying to your face, call bullshit.\u00a0 I’m calling bullshit.\u00a0 What’s 4 billion out of 11 trillion….that’s like a drop spilled from you 2 liter coke bottle.\u00a0 Bullshit.<\/p>\n
Sure, all the gold is at Ft. Know….my ass….<\/p>\n
It’s nice to be right once in awhile….<\/p>\n
Enjoying today, expect a pullback tomorrow of a third of this gain….just the way it goes.\u00a0 But I do hear this as the starter’s gun as the bullish period for gold and silver into year end.\u00a0 Enjoy the ride!!<\/p>\n","protected":false},"excerpt":{"rendered":"
How many are buying today?\u00a0 It’s hard because those who didn’t buy on the pullback are saying, I’ll wait for another dip….too big of a move today.\u00a0 For GDX, this is going to happen all the way back to 117…. … Continue reading