36 Comments
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Ol Hickory's avatar

So of course metals sell off when inflation is higher

“The market can stay irrational longer than you can stay solvent.”

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Jay Horton's avatar

Good one, Sir.

Later Jay

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Justin Wickham's avatar

You know that it is getting bad when their cooked numbers rise

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Henkel's avatar

Everything is a mockery revised lie scam ... nothing matters it’s all a Trump casino fraud freak show... let’s wait and be told what to do and believe next....Like tomorrow news will be spaghetti and meatball coin is skyrocketing on the news that Alien musk might buy chicken parm coin...

It’s America people the dumbest planet in the universe, I mean this possibility could happen it’s that insane...this is the country we live in today

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Robert R's avatar

Thank you Greg 😊

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Les Ranger's avatar

Government report vs Fairy Tale? One starts out “Once Upon a Time”

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Andy Buchanan's avatar

Trump is the Cheerleader marching the Band into a fucking Hurricane m8

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Vdvupur's avatar

STFU. Trump isn't even in office yet.

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BooBoo's avatar

Trump is not in office yet but he has made the rich and himself richer and richer and richer and you and I poorer and poorer and poorer...Fact

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Tom Freedom's avatar

How can precious metals sell off when inflation hits? It doesn’t make much sense.

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Alfred Lepori's avatar

I wish I held physical metals that can't be manipulated with paper. I expected higher inflation today but not for Gold and Gold Mining Stocks to bleed red. Logic tells me that I should hold my mining stocks, but it is a tough day to stomach.

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Vdvupur's avatar

Meanwhile, Social Security recipients are receiving the lowest COLA they've gotten in years, a measly 2.4%, because inflation has come down according to the Feds. Can you imagine? Food and fuel have doubled (100%), and insurances has increased anywhere from 15 - 30%, but the Government is only permitting old folks and disabled a 2.4% raise. Fuck America.

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BRYAN SKORE's avatar

iam shocked---not

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Daniel Archer's avatar

When are people gonna wake the heck up man? Is it going to be when we are paying 20 bucks for a lb of ground beef? Or will it be when we are on the digital leash telling us we bought enough meat this month. Oh I know when their favorite Starbucks location closes then they will raise hell.

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KayAnne Riley's avatar

I feel like Alice in Wonderland. The Fed is the Queen of Hearts and Donald Trump is the Mad Hatter. Elon musk is the caterpillar sitting on a mushroom smoking a hookah. We are WAY down the rabbit hole. How do we get out??🤷‍♀️

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Doug Berry's avatar

This is getting old fast

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Randy Best's avatar

No shock top those that follow this blog.

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Jur's avatar

Crapto itself can never be in a bubble, because digital stuff can't become a bubble. And newer, better, digital tech, will make old digital tech obsolete fast. Crypto is all about wants. Not needs.

If BTC is a $ debt derivative, can it crash? Yes or no? I mean, there is nothing physical to BTC. Let's say the $ dies (debt market implodes), what will happen to all the $ debt derivatives?

Question (hypothetical): If BTC (actually a stablecoin like Tether) is backed by US Treasuries and US Treasuries are the go to asset, safe haven, what will happen to BTC when US treasuries crash (in the case that BTC is a $ debt derivative and the debt market implodes)?

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Bob of the bald's avatar

Horse hockey. No one fights the fed.

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