OCT 10//BIG RAID IN GOLD AND SILVER TODAY//GOLD DOWN $10.00 TO $1497.90//SILVER DOWN 22 CENTS TO $17.56//QUEUE JUMPING FOR BOTH GOLD AND SILVER AT THE COMEX..STRANGE!! DESPITE THE LOSS IN PRICE A HUGE 1.443 MILLION OZ ADDITION TO THE SLV…//ALL COMEX DATA COMPLETE//ALL MORNING, AFTERNOON AND EVENING DATA COMPLETE//MAJOR STORIES PROVIDED FOR YOU TONIGHT//
Jesse: A Banquet of Consequences
... Stocks dove and the precious metals overnight as the Chinese press cast gloom on the rosy predictions coming out of the White House with regard to the China-US trade talks. And stocks recovered their losses and posted new gains as the White House issued some rosy forecasts about the meeting between Trumpolini and the Chinese Vice-Premier tomorrow. And so the Dollar and the metals sold off, the metals having an assist from the big shorts on the Comex who sold gleefully into the market, driving the price lower.
For some time now Wall Street and the professional class have been thriving. And they believe they continue to do so, if they are able to maintain for themselves an inexhaustible supply of lies and easy money. But all is not happiness among the financiers, despite the big drop in the VIX today, and the continuing faith that Desperate Donnie will do whatever it takes to prop the markets in order to uplift his flagging interests and prospects. The Street and their assorted enablers and sycophants are becoming increasingly edgy, with fears that their easy money good times may be over, if Elizabeth Warren comes to change things. And do not underestimate what they may do in order to sustain their exorbitant privileges... https://jessescrossroadscafe.blogspot.com/2019/10
No one can say with any certainty where the hundreds of billions of dollars that the Federal Reserve has been pumping into Wall Street since September 17 are actually ending up. The Fed is not releasing the names of which of its primary dealers (securities firms) are taking the lion’s share of the loans nor does anyone know if those borrowers are making further loans with the money (which is a core purpose of a central bank’s lender of last resort function) or simply plugging a whole in their own leaky boat. Astonishingly, Congress has yet to call a hearing to ask these critical questions.
Let’s say, hypothetically, that there is a bank with a large, interconnected footprint on Wall Street that’s in trouble and on top of that there’s a big hedge fund taking on water and listing on its side. The New York Fed (one of the 12 regional banks in the Federal Reserve system) in that situation might be expected to call all of the big lenders on Wall Street to a secret meeting at its offices and “suggest” (much like a consigliere makes a “suggestion”) that they bail out these entities for the good of the markets and financial system... https://wallstreetonparade.com/2019/10/where-are-the-hundreds-of-billions-in-loans-from-the-fed-actually-going-on-wall-street/
Now The Stock Market Wants Just ONE THING! And THIS IS IT.. By Gregory Mannarino
Here’s How the New U.S.-China Trade Talks May End
First and foremost, if we are to approach the trade war from a mere surface examination, there is really no incentive for China to capitulate to Trump’s demands. There is only one year left until the 2020 elections, and while BOTH economies are certainly seeing a downward plunge, China is hardly crippled by tariffs on exports to the U.S. China can simply bide its time, waiting to see how the U.S. election unfolds. The more unstable the U.S. economy is in 2020, the less likely it will be that Trump will win a second term. Trump has tied himself so completely to the performance of the economy and stock markets that whatever happens, he now owns the end result.
The U.S. only accounts for 18% of total Chinese exports, which is not a small amount to be sure, but nowhere near enough leverage to push China into long-term concessions. China has already begun replacing U.S. agricultural products by turning to alternative markets in countries like Brazil and Mexico. The meme six months ago among trade war cheerleaders was that “the Chinese people would be starving within months without U.S. soy and pork”, and the Chinese government would “have a revolution on its hands.” I hope these people now see how ridiculous this assertion is. The U.S. is not the only game in town, there are plenty of other agricultural markets in the world. China is the largest exporter/importer in the world and the largest manufacturing hub. With such infrastructure and a cheap labor force, the nation is much more economically durable than many analysts give them credit for. The issue of China’s debt creation is often brought up as evidence that their economy is on the verge of collapse. I would point out, though, that China’s debt bonanza was actually planned. In fact, China’s inclusion in the IMF’s Special Drawing Rights basket in 2016 REQUIRED them to circulate vast amounts of debt instruments in order to increase the liquidity of their markets and their currency... http://www.alt-market.com/index.php/articles/3958-heres-how-the-new-us-china-trade-talks-may-end
Giuliani associates who aided Ukraine investigation arrested on campaign finance charges
... Federal authorities arrested Florida businessmen Lev Parnas and Igor Fruman, alleging that they violated campaign finance laws in order to funnel money to numerous Republican committees, including a $325,000 contribution in May 2018 to a pro-Trump super PAC called America First Action... https://thehill.com/homenews/administration/465168-giuliani-associates-who-aided-ukraine-investigation-arrested-on
Ukrainian to US prosecutors: Why don't you want our evidence on Democrats?
Ukrainian law enforcement officials believe they have evidence of wrongdoing by American Democrats and their allies in Kiev, ranging from 2016 election interference to obstructing criminal probes. But, they say, they’ve been thwarted in trying to get the Trump Justice Department to act... https://thehill.com/opinion/white-house/437719-ukrainian-to-us-prosecutors-why-dont-you-want-our-evidence-on-democrats
Ronan Farrow Strikes Again: A New Book Targets NBC News and How Harvey Weinstein May Have Leveraged Matt Lauer
This week America's longest war in Afghanistan turned eighteen, and so did its youngest solder. To mark the occasion, ABC News profiled the US occupation's newest American member: "Pvt. Hunter Nines is about to join a war nearly as old as he is," the report said.
Selling soles: $3k for a pair of Nike ‘Jesus Shoes’ with holy water was meant to be satire, but they were all snapped up