Miner Major Breakout Gets Gold Metal 5/18/20

[Jimi]

So, they've apparently successfully publicly leveraged the private leverage that was previously leveraged against the massive public package of leverage from the last leveraged-leverage rescue.

I read that on "3,600 Seconds" last night, that Mr. Powell ("Do you mind if I call you 'an inter-generational bagman and an immoral piece-of-crap' as shorthand for 'Chairman'?") said we'll eventually pay the trillions in new loans that are being used to make whole the trillions in old loans, in a private-public swap that not even the devil would have entertained.

LIAR!

Lord knows (to borrow a phrase) what sort of "shithole country"  these abhorrent scum intend to leave.

They'll all just righteously jet off to their compounds.

[fxfox]

Awesome Jimi! 😎

 

 

[PullMyFinger]

Today's Sesame Street is brought to you by the letter W. So if we have essentially gone nowhere since April 29 on ES, why has this rangebound market felt so relentlessly up to me? Maybe it's buried under the big W?

[Jimi]

I'm so angry.

I've been telling my liberal Berkeley friends for about 5 years that we need massive Federalism. 

Deep, DC-authority obliterating states' rights. 

This makes them uncomfortable, because they think of "States' rights" as a bogeyman of racial injustice. And they want Giant DC to make Green Deals that solve all problems.

But DC is now just another winner-take-all POS casino game... passing incoherently from administration to administration.

There isn't any pretense of responsibly shepherding the Trésor. It's just another bank to heist.

And the thievery becomes ever-more shameless.

In 2008/09, Paulson and his effing ilk paraded the worst-case scenarios as the -most-likely case scenarios, and made Congress bailout any & all.

Powell doesn't even have to explain himself to anyone anymore.

Sure, he'll go on "60 Minutes" for the "panem" portion of bread & circus... but he doesn't even need to try to hide the game any longer.

Same goes for the POS Congress... when does anyone ever pretend any longer that spending in the public's name, and running up debt endlessly in the public's name, should be done with some measure of solemn fiduciary responsibility?

And then there's Trump... the single greatest/worst example in human history of a man failing upward.

Whatever... I increasingly want to be done with "the American experiment," because it's become nothing more than a transfer-scheme. Carve up the effing nation, and the rump can take the yahoos and the imbeciles.

Give me California and its hard-working immigrants and abundant human capital.

DC can go to hell.

[jp6]

2 hours ago, fxfox said:

What a beauty! And so bullish

 

Gold is near 2011 top while miners are big looser. Miners done well from 2001 till 2004 then Gold done very well,  expecting the same this time.

If you brought Gold in 2000 and Miners at the same time, Which one would have  Done well?l

GOLD is the clear winner..... Nobody likes easy money.

Trouble with Miners is they like burning other people cash,  Most investor have lost confidence in majority and good one will do very well.

 

[fxfox]

15 minutes ago, jp6 said:

Gold is near 2011 top while miners are big looser. Miners done well from 2001 till 2004 then Gold done very well,  expecting the same this time.

If you brought Gold in 2000 and Miners at the same time, Which one would have  Done well?l

GOLD is the clear winner..... Nobody likes easy money.

Trouble with Miners is they like burning other people cash,  Most investor have lost confidence in majority and good one will do very well.

 

I read your chart just the other way around: From 2001 to 2004 it was better to hold HUI than Gold. Then the ratio switched in favour of Gold. Since beginning of 2017 it is better to be long HUI instead of Gold. Since mid March it is better to be long HUI than holding Gold. You agree?

[jp6]

2 minutes ago, fxfox said:

I read your chart just the other way around: From 2001 to 2004 it was better to hold HUI than Gold. Then the ratio switched in favour of Gold. Since beginning of 2017 it is better to be long HUI instead of Gold. Since mid March it is better to be long HUI than holding Gold. You agree?

yes

Some Gold stocks will do well for awhile. IMHO

[DrStool]

44 minutes ago, Jimi said:

I'm so angry.

I've been telling my liberal Berkeley friends for about 5 years that we need massive Federalism. 

Deep, DC-authority obliterating states' rights. 

This makes them uncomfortable, because they think of "States' rights" as a bogeyman of racial injustice. And they want Giant DC to make Green Deals that solve all problems.

But DC is now just another winner-take-all POS casino game... passing incoherently from administration to administration.

There isn't any pretense of responsibly shepherding the Trésor. It's just another bank to heist.

And the thievery becomes ever-more shameless.

In 2008/09, Paulson and his effing ilk paraded the worst-case scenarios as the -most-likely case scenarios, and made Congress bailout any & all.

Powell doesn't even have to explain himself to anyone anymore.

Sure, he'll go on "60 Minutes" for the "panem" portion of bread & circus... but he doesn't even need to try to hide the game any longer.

Same goes for the POS Congress... when does anyone ever pretend any longer that spending in the public's name, and running up debt endlessly in the public's name, should be done with some measure of solemn fiduciary responsibility?

And then there's Trump... the single greatest/worst example in human history of a man failing upward.

Whatever... I increasingly want to be done with "the American experiment," because it's become nothing more than a transfer-scheme. Carve up the effing nation, and the rump can take the yahoos and the imbeciles.

Give me California and its hard-working immigrants and abundant human capital.

DC can go to hell.

Ironically, I may be trading lving under a Trump regime to something similar, but I have work to do in Poland. There are people to find. I have pretty much confirmed that I lost distant cousins to the Nazis in Warsaw, including some who died 1939-41, and possibly later in the Warsaw Ghetto uprising. There's history to be found.  I want to spend time there.

I also found several members of my family of different ages who died in 1899 in the village where they lived. Something happened there.  But what?  

Warsaw has some really nice neighborhoods in their Center City, Srodmiscie, and wow is it cheap relative to what we Americans expect to pay for a nice apartment in a big city.   

Ultimtately, I'll head back to the South of France for good.   

 

[Jimi]

Last summer, my wife & I finally found time to take our sons abroad for the first time in their lives.

I picked the destination: Nice, France.

Got a VRBO in the old town upstairs from the daily produce market.

10 days of wandering, exploring, riding buses & trains, eating, reading.

They loved it as much as I could have ever hoped.

As much as I did when my parents first took me in 1979.

The South of France is the best.

[DrStool]

4 hr bars

[DrStool]

2 minutes ago, Jimi said:

Last summer, my wife & I finally found time to take our sons abroad for the first time in their lives.

I picked the destination: Nice, France.

Got a VRBO in the old town upstairs from the daily produce market.

10 days of wandering, exploring, riding buses & trains, eating, reading.

They loved it as much as I could have ever hoped.

As much as I did when my parents first took me in 1979.

The South of France is the best.

Did you know that I was there for 3 months last winter? I had an apartment at the Port.  

[Jimi]

10 minutes ago, DrStool said:

I also found several members of my family of different ages who died in 1899 in the village where they lived. Something happened there.  But what?  

Dude, with that pattern, you know the inevitable answer.

Pogroms.

Quote

IN 1898 ANTI-JEWISH VIOLENCE swept across the western and central districts of Galicia, the Habsburg province acquired in the eighteenth-century Partitions of Poland and today divided between Poland and Ukraine. Bands of peasants broke into shops and taprooms administered by Jews on the outskirts of small villages, bashing in windows and knocking in doors with scythes, hatchets, canes, iron spikes, and rocks. They drank copious quantities of vodka and beer, shattered glasses and destroyed furniture, and ransacked chests of drawers. Attackers beat Jews with sticks and hit them with rocks. They assaulted mothers in front of cowering children. In towns like Kalwaria Zebrzydowska, Frysztak, and Stary Sącz, peasants joined artisans, shopkeepers, and members of town councils to break into and plunder Jewish-owned businesses. Some loaded their spoils—flour, vodka, clothes, kitchen utensils, mattresses, pillows—onto carts driven into town for this purpose.

A few attacks took place in late February, mid-March, and early April. From late May until the end of June when Galician Governor (Statthalter) Leon Count Piniński announced the institution of a state of emergency, anti-Jewish violence erupted in 408 communities (21 in eastern Galicia, the rest in the western and central districts of the province). Scores of Jews were injured. The gendarmes and the army killed at least eighteen people and wounded many others in their efforts to quell the violence.² By January 1899 prosecutors had charged 5,170 people, mostly Polish-speaking peasants, day laborers, miners, and railroad construction workers as well as city council members, village leaders, teachers, and shopkeepers; men in their late teens, but also fathers in their forties, village elders in their sixties and seventies, and women of all ages—with a variety of offenses. Galicia’s courts tried 3,816 people and sentenced 2,328 to prison terms lasting from a few days to three years.³ As attested by the Jewish historian Raphael Mahler in the Sefer Sandz, the post-Shoah Yizkor book of recollections of the life and death of the Jewish communities of the Nowy Sącz area, Galician Jews would remember this outbreak of violence and robbery as “The Plunder.”⁴

https://www.sup.org/books/extra/?id=25946&i=Introduction.html

 

[DrStool]

Did you go to VIllefranche, Eze, and Monaco? That €1.50 bus ride is spectacular.  I plan to make Nice my home. 

[DrStool]

2 minutes ago, Jimi said:

Dude, with that pattern, you know the inevitable answer.

Pogroms.

https://www.sup.org/books/extra/?id=25946&i=Introduction.html

 

My grandfather left in 1899. My grandmother came to the US in 1900.  

[Jimi]

1 minute ago, DrStool said:

Did you know that I was there for 3 months last winter? I had an apartment at the Port.  

I did - you had moved on by the time I was headed there, otherwise I would have looked you up.

With the tram being built directly to the port form the airport, that neighborhood is due for a renaissance. I'd buy something distressed there for the long-term in a heartbeat.

First morning, we walked to the port to buy fish from a monger just off the port. Fantastic fish.

There's an odd museum about 5 minutes walk from port on the road toward Villefranche/Monaco that has the first recorded example of human control of fire.