Stocks continue their sharp decline that began yesterday. Interest rates are on the move higher, and the dollar is down again. Gold is up.
Most notably, rates on 2-year Treasuries have moved up 69% (!) since September from 1.254% to 2.116%.
Everyone knows what I’m rooting for. Let’s bankrupt the US government and be over with it already. I do feel bad for any generally conscientious person who lives off the government dole though. They’re going to be hammered hard.
Took a look at the futures this morning and the S&P, Nasdaq, and the Dow all spiked down together with the dollar index and bond futures. The long term treasury ETF (TLT) is down close to 1% in premarket. Gold is up close to 1%.
When stocks, bonds, and the dollar index are all down together with gold up, that’s a gold flag. The end game will see gold flag after gold flag for weeks at a time.
What is happening with cryptocurrencies now will happen with gold. If bitcoin can move from $1,000 to $20,000 in 8 months, gold can, too. Except with gold, I believe it won’t go back down after it spikes. Cryptocurrencies will all go to zero if they ever become a popular medium of exchange because government will blame a falling dollar on bitcoin and the rest, outlaw any business from accepting any digital coins and game over, but gold will keep going up.
This is just one gold flag. Let’s see if it maintains itself and if it repeats again tomorrow.
Once price inflation hits 3-5% by government indexes, I believe the final stages in dollar hegemony will begin.
Stocks down 1%. Bonds down 3%. Dollar down 2%. Gold up 1%.
A gold flag occurs when all assets are down except gold and other commodities. Once the fabric of the financial system starts to tear, we will start seeing this day after day after day.
We don’t know the details because “the conversations are private”, but the three biggest mafia gangs in the Eurozone – the European Commission, the European Central Bank, and the International Monetary (Government Bail Out) Fund, AKA the Troika, or Institutions, or Mobsters, or Former Student Council Presidents Suddenly In Charge Of A $#!+load Of Stolen Money, have given the Syriza Welfare Whiners a take it or leave it offer.
If Greece rejects it, a full bank run will begin, and the whole system will begin to buckle.
Yesterday we had another gold flag, by the way. Stocks down, dollar way down, bonds down, gold up.
Yesterday’s gold flag faded after the morning, but this one is holding.
Bonds down. Stocks down. Dollar down.
Gold up $21.
Something’s stirring in the pot.
These don’t happen often, maybe 3 or 4 times a year. Now they’re coming once a week. Another gold flag seems to be forming today. Stock futures are down .7%. Dollar is down .6%. Bonds are getting crushed another 1%.
And gold is up 1%.
Things are starting to fall into place. We almost have another gold flag today. We may yet if gold turns positive by the end of the day. It is barely down.
Stocks are way down. Bonds are down hard. Dollar is tanking.
Gold is even. But oil is up.
In any case, this will all get much worse come Tuesday May 12, when Greece has to repay €775M to the IMF, but probably does not have the money to do so. According to Zerohedge, there will be no deal by Monday, May 11. Here ZH isn’t just speculating, but quoting a source. So they’re probably right here.
Further evidence for no deal by Monday is that Tsipras and his Syriza socialist wacknutters just reversed a measure passed by the previous government to fire 15,000 useless bureaucrats. They will now be rehired, because putting human robots on the payroll of a European backed bailout is the moral thing to do, I guess.
I’m sure the IMF will be really happy about this. You have no money but you hire 15,000 people to do nothing but shuffle paper and screw up the economy. There’s no way Greece is getting any more money. Forget it.
We’re 6 days away from D-Day, finally, on Greece.
Hasta La Vista, Eurozone.
Stocks are down. Bonds are down. Dollar is down.
Gold is up. Second time in two weeks.
Will it happen again tomorrow?
A gold flag happens when stocks, bonds, and the dollar are all down, and gold is up. Today there is a gold flag.
Stocks are down.
Dollar is down big.
Bonds are down big.
Gold is up, barely, but gold stocks are up big.
When the whole thing starts to collapse, this is the pattern we will see, day after day after day.
The Jewish Libertarian 