LBMA And Bank Of England Smoke & Mirrors, Plus Silver Liftoff

Here is a look at the LBMA and Bank of England smoke & mirrors, plus silver liftoff.

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Ohio Pension Fund Buys Gold with John Rubino

from Kerry Lutz's Financial Survival Network

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John Rubino returns… This week the CDC admitted that the virus is not as dangerous as we’ve been lead to believe, and Warren Buffett admitted that he’s totally confused by negative interest rates. The Ohio police and firefighter pension fund decided to allocate 5% to gold. Is this the start of pension funds moving to gold? Mall giant Simon is busy buying up busted retailers, illustrating how deeply the pandemic has reshaped the retail sector. Is the robo-apocalypse getting closer? A.I. piloted plane beats top gun pilot in dogfight. All this, and more with John Rubino.

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Zoom is Zooming, and So Are Gold and Silver with Nick Santiago (Ep #109)

from Daily Market Wisdom with Nick Santiago

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:

1. Zoom video Communications (ZM) is soaring today after earnings. This move in zoom is lifting the cloud software stocks this morning. So the tech heavy NASDAQ Composite is trading higher again. This index is now up about 32% this year. It’s in a parabolic move.

2. Beware of September and October. While the trend is up you’ve got to be ready for turbulent times. Be alert and on guard. March is also known for crashes and bottoms in the in the market. Pivotal months historically, looking back at the historic.

3. Going into Labor Day we usually see low volume and this is the time where the masters of the universe take their vacations. It’s rare that it does happen. Election is just around the corner.

4. Gold and silver they keep moving up. Gold futures are flat and silver is up. Making great chart formation, staying in the pattern. Central Bankers have virtually insured that it’s going higher.

For more info, go to InTheMoneyStocks.com.

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Daily Digest 9/1 – Our ‘Surge Capacity’ Is Depleted, The Classroom And COVID

Economy

Your ‘Surge Capacity’ Is Depleted — It’s Why You Feel Awful (Ed J.)

In those early months, I, along with most of the rest of the country, was using “surge capacity” to operate, as Ann Masten, PhD, a psychologist and professor of child development at the University of Minnesota, calls it. Surge capacity is a collection of adaptive systems — mental and physical — that humans draw on for short-term survival in acutely stressful situations, such as natural disasters. But natural disasters occur over a short period, even if recovery is long. Pandemics are different — the disaster itself stretches out indefinitely.

“The pandemic has demonstrated both what we can do with surge capacity and the limits of surge capacity,” says Masten. When it’s depleted, it has to be renewed. But what happens when you struggle to renew it because the emergency phase has now become chronic?

Why studying Chinese is in decline (tmn)

When Mr Johnson was declaring his Sinophilia, well-to-do parents saw Mandarin as a good investment in their children’s future. In 2015 Hatching Dragons (pictured), Britain’s first bilingual English-Mandarin nursery, opened its doors to 32 little linguists; it has since taught over 500 children, for around £1,881 a month per child. But Cennydd John, the nursery’s chief executive, laments that there is “almost no option” for children to continue their bilingual education once they leave at the age of five. Fewer than 3% of primary schools in England offer Mandarin.

As Guns Get Drawn at Protest Sites, Demonstrators Fear a Volatile New Phase (jdargis)

“For a lot of these folks, the attention is the endgame,” said the official, who said the same appeared true of many hard-line leftist antifa demonstrators. “If you really sat down and said, ‘What are the policy objectives you’d like to see?’ They wouldn’t want that because there’s so much that comes with this, like having your voice heard in these settings and validating you to other followers.”

Build state capacity by building charter cities (tmn)

To take a simple example, we can compare the efficiency of two governments building a road. All else equal, the government which was able to build the road more quickly would be said to have higher state capacity. Advocates of state capacity suggest that competence in building a road is correlated to other competencies in governance. A government that is good at building a road tends to also be good at building a bridge or even administering a vaccine. Thus, we can talk about state capacity as a singular thing, rather than state’s simply having discrete skills at certain tasks. Having this thing, state capacity, allows for the provision of public goods as well as fair and efficient dispute resolution. Indeed, it is one of the foundations of a successful society.

The Conscience of Silicon Valley (tmn)

He diagnosed me right away. “Well, so this is a delicate topic, and it’s often been difficult to talk about, but there’s some kinds of people who particularly get Twitter addictions and they’re often journalists—”

I laughed sadly. “And people who are addicted to Twitter are like all addicts—on the one hand miserable, and on the other hand very defensive about it and unwilling to blame Twitter.” (Shortly after this conversation, I quit Twitter for about three weeks. It was soothing. Actually, it was life-changing. As of this writing, for reasons I don’t understand—but also do, all too well, because of Lanier—I’m back on the platform. Please kill me.)

The classroom and COVID: Teachers say they want to be ‘treated as though we’re real people’ (jdargis)

Many teachers feel trapped. The tension in Arizona and around the nation is dredging up a conversation on teaching contracts that in a typical year ensure educators don’t renege too close to the start of the school year — thus leaving the district scrambling to find a replacement — by imposing fines, or threatening a temporary suspension or revocation of a teaching license.

But, as special education teacher Karen Oliver stressed when she spoke at the August school board meeting, this isn’t a typical year.

1 in 3 Black Americans knows someone who died of Covid-19. These stories capture the toll taken by the disease. (tmn)

For many Black Americans, the impacts of the pandemic are compounded. Many have one or more family members who have died of the disease on top of neighbors, friends, friends of friends, or others in their communities. Facebook feeds are full of posts announcing another death, another virtual funeral, another remembrance page.

“Every time you look up, there is another RIP post, or a friend seeking prayers for their loved one who is battling this cruel virus,” said Desha Hargrove of Detroit, who lost her husband to Covid-19 in March. “I am simply devastated at how this virus has mainly impacted our communities.”

Large U.S. covid-19 vaccine trials are halfway enrolled, but lag on participant diversity (tmn)

Creating vaccine trials that, at minimum, mirror the racial and ethnic breakdown of the American population, which is about one-third total Black, Hispanic and Native American, has been a major focus — a necessity to make sure any vaccine works for everyone and is broadly accepted. Current enrollment numbers lag even that target.

COVID‐19, cilia, and smell (000)

The mucociliary escalator removes inhaled pathogenic particles and functions as the first line of protection mechanism against viral infection in the human airway. Thus, future investigation into the virus–cilium interface will help further the battle against COVID‐19.

SARS-CoV-2 Coronavirus and patents (000)

In human beings, coronaviruses cause respiratory conditions, including Severe Acute Respiratory Syndrome, caused by the SARS-CoV virus, which hit several countries between November 2002 and July 2003; and Middle East Respiratory Syndrome, caused by the MERS-CoV virus, responsible for the virulent 2012 outbreak.

To date, only 7 strains of human coronaviruses are known. The last of them, the recently discovered in Wuhan (SARS-CoV-2), has turned out to belong to the Betacoronavirus genus, with a nucleotide sequence showing approximately 80% identity with the SARS-CoV virus sequence. The disease caused by this virus has been officially named COVID-19.

American Clinical Research Needs to Step Up Its Game Against Covid-19 (tmn)

Americans and American biomedical researchers have often prided themselves on conducting the best clinical research in the world. Yet with over six million Covid-19 cases and almost 183,00 deaths, the United States has produced little pathbreaking clinical research on treatments to reduce cases, hospitalizations and deaths. Even one of the most important U.S. studies to date, which showed that the antiviral drug remdesivir could reduce the time Covid-19 patients spent in the hospital to 11 days from about 15, had too few patients to demonstrate a statistically significant reduction in mortality.

Gold & Silver

Click to read the PM Daily Market Commentary

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Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

The post Daily Digest 9/1 – Our ‘Surge Capacity’ Is Depleted, The Classroom And COVID appeared first on Peak Prosperity.

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The Governors Must Be Crazy with Joe Messina

from Kerry Lutz's Financial Survival Network

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Noted radio show host Joe Messina joined us for a convention review. The RNC appears to have hit a home run, while the DNC fouled out. The RNC cast America in a positive light, where as the DNC was a scene out of Cat On A Hot Tin Roof.

Is it time to start shooting violent looters and rioters? White Antifa and BLM rioters are burning down black businesses. Makes sense right? Did you say there’s rioting going on? I’m shocked.

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Even the Mainstream Is Getting Bearish on the Dollar

Peter Schiff has been warning about a dollar collapse for years. Now we’re starting to see some mainstream bearishness on the greenback. The dollar hit a more than 2-year low on Monday and closed out August with its fourth straight monthly loss. It was the worst August in five years for the dollar and the […]

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Silver Charts 18% Gain in August

Silver wrapped up a strong August pushing above the key resistance level of $28 an ounce on Monday. While gold charted a slight dip of about 0.4% last month, silver was up just over 18%. On Tuesday morning (Sept. 1) the white metal was knocking on the door of $29 an ounce. The falling dollar […]

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Another Day, Another All-Time Record

This is how insane things have become.

The post Another Day, Another All-Time Record appeared first on King World News.

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CHECKMATE FOR GOLD & SILVER BEARS? Look At What Is Happening With Gold, Silver, US Dollar And Stocks

As we get ready to kickoff trading in the month of September, look at what is happening with gold, silver, US dollar and stocks.

The post CHECKMATE FOR GOLD & SILVER BEARS? Look At What Is Happening With Gold, Silver, US Dollar And Stocks appeared first on King World News.

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Split Mania Has Arrived with Nick Santiago (Ep #108)

from Daily Market Wisdom with Nick Santiago

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:

1. Apple (AAPL) and & TSLA (TSLA) both split this morning. Remember, a split does not really change anything. The market cap is still the same. It should be noted that both of these stocks ran up into the split so they could be due for a pullback of some sort very soon. Stocks are clearly overbought. When will Tesla be put into the S&P 500? That’s the question. Short sellers have lost at least $25 billion in Tesla. Musk is the master of the news flow.

2. This is the final trading week before the Labor Day holiday. So volume trends are expected to be very light. Barring any major geopolitical events, I don’t look for much upside or downside this week. Just a quiet week overall.

3. Mixed tape today. Indexes down except NASDAQ which is 50 points. JV squad is on duty. The A Team is watching closely on their phones.

4. Gold and Silver: gold is down on the future. Silver futures up half a buck. Volume has been up in the sector while the broader market is down. New speculators are being attracted. Silver is stronger on the charts than gold. Once silver breaks $30 we go to $35.25 and $50 is getting closer. A lot of work to do. Again, it broke out from a low, very bullish. Above its 20 day moving average. Gold is just below its 20 day moving average.

For more info, go to InTheMoneyStocks.com.

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Daily Digest 8/31 – Charting The Market’s Descent Into Insanity, How Extremes Become More Extreme

Economy

Bank of England is considering negative interest rates – it doesn’t need to yet (000)

Major central banks around the world have used QE, including the US Federal Reserve and the European Central Bank, as an effective way to boost liquidity and confidence in markets, while allowing financial institutions to rebalance their portfolios. It has helped central banks to prevent deflation – a negative spiral of falling prices, increasing debt burdens and insolvencies.

Justice Dept. Never Fully Examined Trump’s Ties to Russia, Ex-Officials Say (tmn)

A bipartisan report by the Republican-led Senate Intelligence Committee released this month came the closest to an examination of the president’s links to Russia. Senators depicted extensive ties between Trump associates and Russia, identified a close associate of a former Trump campaign chairman as a Russian intelligence officer and outlined how allegations about Mr. Trump’s encounters with women during trips to Moscow could be used to compromise him. But the senators acknowledged they lacked access to the full picture, particularly any insight into Mr. Trump’s finances.

“This Might Be The Weirdest Market I’ve Ever Seen” – Charting The Market’s Descent Into Insanity (CleanEnergyFan)

In other words, we have become a reflexive market of derivatives, where option flow dictates the action of underlying securities. We first noted the flood of option activity in July when we showed a Goldman chart which observed a “historic inversion”: for the first time ever, the average daily value of options traded exceeded shares with July single stock options volumes tracking 114% of shares volumes. This trend has only accelerated since.

Between Crypto, Libra, Stablecoins, And Digital Dollars, Congress Introduced 35 ‘Blockchain’ Bills (Sparky1)

Meanwhile, China seemed to accelerate its vision and ongoing projects toward developing its own central bank digital currency. As Covid-19 sparked not only a pandemic but an economic crisis, the notion of helping people with relief in the form of stimulus checks became popular. With Congress still stinging from the impression in 2008-2009 during the Global Financial Crisis that taxpayer money was used to bail out the very same large financial institutions who caused the crisis, the direction in early 2020 culminated in the CARES Act, which created a taxpayer rebate check of $1,200 for all Americans.

Police reforms face defeat as California Democrats block George Floyd-inspired bills (tmn)

This crucial bill by Steve Bradford, D-Gardena, would allow California to decertify police officers who break the law or engage in serious misconduct. Forty-five states already have the power to do this, but not “progressive” California, where dangerous or criminal officers can simply take their badge and gun and move to another police force. “Criminal Cops,” an investigation conducted by a consortium of California media outlets including McClatchy, highlighted the problem last year.

Bradford blasted fellow lawmakers who hesitated to support his bill despite their public expressions of support for police reform during George Floyd protests.

‘Three little pigs’: Musk’s Neuralink puts computer chips in animal brains (Sparky1)

Musk did not provide a timeline for those treatments, appearing to retreat from earlier statements that human trials would begin by the end of this year. Neuralink’s first clinical trials with a small number of human patients would be aimed at treating paralysis or paraplegia, the company’s head surgeon Dr. Matthew MacDougall said.

Rob Kirby: The End Of The Central Bank Has Come (pinecarr)

Central Bank System Should Change Now

Stephen Miller’s Dystopian America (000)

Language is a tool for shaping minds, and Mr. Miller knows how to weaponize it. It’s why he draws from books like Mr. Raspail’s to shape rhetoric. It’s why, in 2015, he asked writers at Breitbart to produce an article about the parallels between the book and real life that painted the book as prophetic. It’s also why he inserts vivid, gory descriptions of crimes ostensibly committed by migrants into Mr. Trump’s speeches.

Portland Shooting Amplifies Tensions in Presidential Race (tmn)

Mr. Trump on Sunday morning posted or reposted a barrage of tweets about the clashes in Portland, with many of them assailing the city’s Democratic mayor, Ted Wheeler. The president retweeted a video showing his supporters shooting paintballs and using pepper spray on crowds in Portland before the fatal shooting. Mr. Trump wrote that “the big backlash going on in Portland cannot be unexpected,” a remarkable instance of a president seeming to support confrontation rather than calming a volatile situation.

Forecasting Intellingence: After The Conventions (James W.)

According to this pollster, Lee Carter, who ran focus group polling throughout the two conventions, independent/swing voters connected with the Republicans in a way they didn’t with the Democrats. See here and here.

In particular, the Republican attempt to soften Trump’s image worked well with independent voters, along with GOP messaging on the economy and crime. I expect the Republicans to continue to hammer the Democrats on the perception that they are weak on law and order, lack patriotism and are a risk to a post-Covid recovery in the economy.

Leonard Cohen’s estate slams Republicans’ use of ‘Hallelujah’ as bid to politicize (Sparky1)

Cohen’s estate said in a statement that it was “surprised and dismayed” the song had been used, saying it had specifically denied the RNC’s request to do so.

It said it was exploring legal options and called the RNC’s decision a “rather brazen attempt to politicize and exploit in such an egregious manner ‘Hallelujah’, one of the most important songs in the Cohen song catalogue.”

How Extremes Become More Extreme, Triggering Collapse (CleanEnergyFan)

Feedback loops are one such dynamic. Somewhat counter-intuitively, when feedback arises to moderate the intensity of a trend, that’s negative feedback. When feedback intensifies the trend, it’s positive feedback.

Why is this counter-intuitive? If a bad trend is moderated by negative feedback, that’s good (positive). If a bad trend gathers momentum due to positive feedback, that’s bad (negative).

Glen Greenwald: Is the US Social Fabric Unraveling? (yogmonster)

This week on System Update, host Glenn Greenwald examines the crumbling of the US social fabric. Glenn explores the rise in so-called Deaths of Despair, and examines the symptoms of deep unhappiness across in America – from suicide to drug overdoses – and how this long-term trend has acutely intensified with the Covid pandemic.

New Trump pandemic adviser pushes controversial ‘herd immunity’ strategy, worrying public health officials (tmn)

Sweden’s handling of the pandemic has been heavily criticized by public health officials and infectious-disease experts as reckless — the country has among the highest infection and death rates in the world. It also hasn’t escaped the deep economic problems resulting from the pandemic.

But Sweden’s approach has gained support among some conservatives who argue that social distancing restrictions are crushing the economy and infringing on people’s liberties.

Boeing testing new sanitation technology on SC-made plane (000)

“What we’re trying to do really is provide that confidence to the flying public that it is safe to fly on our airplanes,” technical leader for Boeing’s ecoDemonstrator program Doug Christensen said. “We look at the critical, high-value technologies that need to be demonstrated on airplanes and that’s what we are lining up for the next round of testing.”

Boeing is also testing an anti-microbial coating which is sprayed on surfaces to kill bacteria.

Hair Loss an Unexpected COVID Misery for Many (Jan U.)

The American Academy of Dermatology says hair loss can be caused by genetics, age, hormonal imbalances, other health conditions, medication and, of course, stress. Experts say the type most COVID-19 patients are having is called telogen effluvium, a temporary form caused by a physical or emotional stress, high fever, illness or weight loss of more than 20 pounds — symptoms common with the virus. Telogen effluvium involves shedding all over the head — not just on the crown like male pattern baldness — and it’s far more than the 50 to 100 hairs people typically lose daily.

Statins Linked to Reduced Mortality in COVID-19 (Heather)

Treatment with statins was associated with a reduced risk of a severe or fatal course of COVID-19 by 30%, a meta-analysis of four published studies has shown.

A second Trump term would mean severe and irreversible changes in the climate (MS)

Hitting the 1.5° target would require the world to reduce its greenhouse gas emissions 50 percent by 2030 and to net zero by 2050. Doing so would require industrial mobilization beginning immediately. Even hitting 2° would be desperately difficult at this point. There is no longer any time for delay; this is the last decade in which it is still possible.

We know that the US doing its part to reach net zero by 2050 would not be enough, in itself, to limit global temperature rise. By the same token, we know it is wildly unlikely that the rest of the world will be able to organize to meet that goal without US leadership. And in the face of active US undermining and opposition, it will be all but impossible.

Brazil’s Pantanal, world’s largest wetland, burns from above and below (Sparky1)

Firefighters across Brazil are battling raging towers of flames from the Amazon rainforest to the Cerrado savannah, but the fires beneath their feet are a particular challenge in the Pantanal. The only way to combat an underground fires is to dig a trench around it, said state firefighter Lieutenant Isaac Wihby.

“But how do you do that if you have a line of fire that’s 20 kilometers long? It’s not viable,” he said.

Gold & Silver

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Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

The post Daily Digest 8/31 – Charting The Market’s Descent Into Insanity, How Extremes Become More Extreme appeared first on Peak Prosperity.

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Warren Buffett’s Latest Move, Euphoric Land, Plus Gold & Silver

Here is a look at Warren Buffett's latest move, Euphoric Land, plus gold and silver.

The post Warren Buffett’s Latest Move, Euphoric Land, Plus Gold & Silver appeared first on King World News.

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Which Countries Own the Most Gold?

Which countries have the biggest gold reserves? Central banks globally have been increasing gold holdings over the last few years. Central bank demand came in at 650.3 tons last year. That was the second-highest level of annual purchases for 50 years, just slightly below the 2018 net purchases of 656.2 tons. According to the World Gold Council, […]

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Peter Schiff: The Fed Moves the Inflation Goalposts

The Fed has moved the inflation goalposts. The central bank will no longer focus on keeping a lid on inflation. In his podcast, Peter Schiff said this policy will simply speed up the destruction of the dollar and the economy. Jerome Powell announced the new policy during his speech in Jackson Hole last Thursday. In […]

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Man Who Predicted The Global Collapse Just Warned We Are Headed For A 2nd Collapse That Will Be Even More Terrifying

Today the man who predicted the global collapse and has become legendary for his predictions on QE and historic moves in currencies and metals warned we are now headed for a 2nd collapse that will be even more terrifying.

The post Man Who Predicted The Global Collapse Just Warned We Are Headed For A 2nd Collapse That Will Be Even More Terrifying appeared first on King World News.

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