Well well
can’t complain really- gold usd finished on weekly- higher than last - aud gold price higher than last - good margin expansion for local producers Although you wouldn’t know it as most got smashed in the last few days of the trading month - probably found out that Canada sold it gold years ago and went loonie on the sell button
usd starting to fall - strongest best economy in world cratered far far far far worse than Europe - but strange really considering all the money that has been handed out and lockdowns that weren’t as harsh during the same period
fed balance sheet expands a tiny bit - money supply continues as usual - main moves were institutions selling the ever lower returning treasuries and fed buying them up
suddenly people are realising what real rates are and that in ussa they are negative
lower rates good for the s and p 5
they reported good results this week and with rates basically negative in real terms there shot up again to nearly 30 pe- fair enough not like investors get a return for holding cash in USA -
trump promoting bean companies and playing golf and crying he isn’t as popular as the fauci - meantime virus kills his citizens - crazy
policy of the week had to be trumpmyster telling housewife’s in the suburbs that low cost housing won’t be a problem in their area Anymore and that crime will fall —— no one sure what’s happening to these people - but apparently the biggest criminals live in these places -
excluding Bernie Maddoff or epistein that lives in suburbs that trump
Lived in —- In fact Epstein wife has been arrested for grooming young chics etc etc and as usual trump stunned the world in one of his daily virus rants when asked about her—— wished her well - wished her well about 4 times - so if you lost your job and angry protesting in streets and smashing a statue your going to face 10 years in prison and the feds are being sent into states to sort it out - get arrested and charged as co conspirator for sex trafficking alongside some other guy who was convicted - potus- I wish her well
meantime Europe getting in with it - their results whilst severe were so far ahead of USA it isn’t funny
Talk of a new bill For handouts ongoing - seemingly increasing in value all week - 1.5-2 trillion was last report i read - the heals act or is it ? the print all of Canada this week act? - ( Canada is a pissy economy I found out this week on this very channel)
Anyhooooooo gold up a bit - stocks up more- well the 5 or so that make up the market over there seemingly
Oh and it appears the “ actors” hacking twitter - Chinese or Russians - turned out to be a 17 year old white guy in the suburbs
let aug trading begin - the two calls of collpase underway and double topping this month -
on top of the couple the month before-
and the preceding months and years all the way back to 2004- haven't happens yet
see how it goes
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