Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.
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Zombies do like Platinum ya' know ...
at least it's shiny and pretty to look at.
I have some eagles and the 2000 bimetal coin. I guess I technically lost and won with the bimetal.
Dow down 798
it did pip slightly over 800 down just before closing.
I wonder if it's going to trend all the way down in the 22,000s. I guess we'll see.
I did read that bond yields were inverting. Maybe that's bothering the squirrels.
I have an allergy Canadian Maples so I can't get no matter how well it tastes.
The 2 and 5 year bonds inverted yesterday.
If the Fed raises rates this month, the 2 and 10 yr may also invert or be close to it.
Normally the longer term debt gets a higher return. In this case now the 2 yr bond has a higher yield than a 5 yr bond. So why get the 5 yr?
If 2 goes over 10 then we have to think about long term debt and how it affect consumers.
This deals with lending money. In a totally watered down explanation, for an example, you deposit money into a bank at a small interest rate, they then loan that money out at longer term loans at a higher interest rate .. which varies by the Fed's policies. Of course banks deviate using their own formulations but when it inverts technically Long term money bring in less revenue than what they pay you for your short term money, so they lose money.
The Feds currently hold about $4 trillion in long term securities, which includes over $1.7 trillion in mortgages. Why would banks want a long term mortgage loan when they can make more on short term loans?
Think of when we got out of the recession .. banks didn't want to loan to anyone. I went so far as to offer a $5k cash collateral to get a $5k loan so I could open a biz acct at a certain bank. I was denied. There was no RISK, 0% as I was going to give $5k collateral for a $5k loan. Go figure, that's how tough it was back then.
But with short term treasuries yield being more than even S&P annual right now, short term treasuries are the way to go over the general stock market and mid term treasuries. If inversion of the 2/10yr, no ones gonna want long/mortgage backed securities. Of course, the Fed is holding and rolling over all the quantitative easing stuff which would help long term rates .... the Fed is the Fed's own enemy right now.
But Gold can be used to treat cancer. an interesting process
"One surprising approach comes out of research conducted at Rice University in Texas, along with the MD Anderson Cancer Center and other institutes. Oncologists are now injecting cancer patients with ultra-tiny, gold-wrapped spheres. The nanoparticles, each smaller than a red blood cell, accumulate in a tumor after slipping out of the bloodstream through little holes in the tumor’s rapidly growing vessels. Once there, the gold waits—until an oncologist blasts it with near-infrared light.
Despite gold’s shiny quality, the spheres are made to absorb rather than reflect certain wavelengths of light, a property used against the cancer cells. “We artificially contaminate the tumor,” says Sunil Krishnan of MD Anderson. The nanoparticles convert the light into heat, and as temperatures in the tumor climb above 104 degrees Fahrenheit, the cancer cells deform, shrivel and then disintegrate."
Jokingly ... I actually craved more gold for a while. Since my cancer surgery and removal I've craved very little PMs. I wonder if that was correlated or not ?
and when you poop out the nanoparticles .. can you keep them .. you'd have to use a extremely fine strainer
Having just finished treatment for lymphoma, that sounds more appealing than chemo agents, most of which trace their origins to mustard gas.
I was hoping all the latest breakthroughs in testing/development would magically be available before anything got worse. That didn't happen but I was lucky nonetheless.
Silver trending lower too
Crypto keeps crashing too.
I hope all those ppl that converted to Crypto 401ks got out.
Here's this morning
Here's the last 5 days.
I do have US strapped BEP currency in my SDB. But not enough to really matter in anyways. I don't trade Forex and gas prices are falling, bread is steady, milk is up (at least here a bit) so it all balances out. As long as you don't pay any variable interest rates, lease or rent anything (car, house) all should be kinda as it ever was.
Looks like 5/10/30 Bonds are in a leveraged Short Squeeze situation. Watching the live charts/streams.
I still think 22 something before I think about jumping back in, assuming the indicators don't arise before then. But I guess well see .. at this rate DOW 22 isn't that far off.
is in a horserace situation with Palladium
US Dollar Index
and some ETF flows - NO PMs.
Laugh, it's ok I'm used to it.
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