Long Position on Silver and Gold?

John Maynard Keynes was a charlatan. The government's embrace of Keynesianism is the basis for all of its wrong-headed thinking regarding the economy and the governments role in the economy.

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If Keynes hadn’t come along, statists looking for plausible-sounding rationales from the economics profession would have invented him. To the extent there is any analytic rigor within economics, Keynes makes no contribution to it. His economics are politics with more than enough abstruse drivel to con the gullible. From Llewellyn H. Rockwell at lewrockwell.com:

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https://straightlinelogic.com/2016/0...h-rockwell-jr/

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Murray minced no words, referring to Keynesianism as “the most successful and pernicious hoax in the history of economic thought.” “All of the Keynesian thinking,” he added, “is a tissue of distortions, fallacies, and drastically unrealistic assumptions.”

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I just noticed that both WTI and Brent are almost up to $50 a barrel.

WTI and Brent haven't been able to hold the $50 handle for too long, kinda like the DOW can't hold the 18K handle for a sustained period of time.

Gold and silver each had a 2.5% jump last Friday after the very dismal US jobs report came out, apparently the administration just cannot maintain the lie that the economy is doing great when it so obviously is not. That's not to say some individual economies are doing poorly, some individuals are doing fine but the country overall isn't doing well.

The Dow shouldn't be anywhere near $18K. Based on the way Obama has fscked the economy, it shouldn't be at $12K. Wall Street has been way overvalued for years.

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Originally Posted by Aloha_Shooter

The Dow shouldn't be anywhere near $18K. Based on the way Obama has fscked the economy, it shouldn't be at $12K. Wall Street has been way overvalued for years.

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Same people reporting the economy, also reported Clinton has the nomination wrapped up. Prior to CA going to the polls. Like they did in Bush v Gore calling the FL election before it's time. Says (to me) the fix has been in for some time.

I'm just waiting for it to meet a correction so I can jump in on XIV again... :D

WTI and Brent are both over the $50 handle this morning.

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Originally Posted by Aloha_Shooter

The Dow shouldn't be anywhere near $18K. Based on the way Obama has fscked the economy, it shouldn't be at $12K. Wall Street has been way overvalued for years.

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It wouldn't be if TARP and QE hadn't occurred, if it wasn't for that artificial money pumping it might not even be over 10K even now.

Since we're on the topic, what do banking and insurance have to do with industrials? The DOW we're talking about is the DOW 30 Industrials which used to include companies that made durable goods like US Steel.

Oil hit $50 and is going higher, anyone notice any increased activity in the Weld County oil patch.

Gold and silver jumped up too.

Well, oil did just get to $50, maybe it takes a little while to ramp up production or maybe there is still an over-supply and they're waiting for that to dissipate.

Some light reading.

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Stock up on baked beans and lemonade, bitchez.

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http://bastionofliberty.blogspot.com...th-o-tron.html