Sunday, July 23, 2017

MILLENIALS GOBBLE UP TINY HOUSES!

You can't make this up. We have such a great economy now that our 30 year olds are now buying 500 square foot homes. Better yet, many of the 30 year olds are still living with their parents. They have 6 figure college tuition debt. They are postponing marriage. Many, that are marrying, are postponing children indefinitely. 

We have developed such a great recovery and economy that we have 80 thousand dollar pickups with 9 year loans. Can you imagine feeding me a "no inflation" bullshit sandwich with that 80K sticker price? Maybe you wanna take a bite out of that, but I smell something rotten there. 

The Bottom Line
The bottom line is that this massive secular bull market in gold and silver will be one for the history books before it is over, and no government or set of governments or central banks will be able to stop it.  The artificial paper price manipulation (that currently feels like it will never end) will fail just like it did for the London Gold Pool in the late 1960s.  And when it fails, the upside gains in gold and silver will be breathtaking. KWN


We May Have Already Seen The All-In Signal On Gold
It is likely that late 2015-early 2016 was the all-in gold signal. It was then that the Chinese got religion concerning their markets. KWN


I know, I know, don't be such a doomer. It's all good. Its a recovery. Get out there and take out that 9 year car loan. Buy your dream sardine can home. If you don't want to live in the sardine can, then grab up one of those McMansions that have supposedly snapped back to all time highs. Grab yourself another wad of debt with carrying costs that will drag you down for the rest of your life. Can you guess where your county government is going to go to fund their pensions and their salaries? They're gonna go for your property taxes! How else are they gonna pay those teachers their sweet salaries and pensions. Teachers used to be "underpaid". Guess what 9 months of work and a 50K salary ain't bad with a sweet retirement in this destroyed economy.





 You know....GET ENGAGED! Be a part of the Buttfox world. Go for it. The Plantation owner's have your back. You're not just a "debt slave". You're a WINNER? You're living the dream! Don't EVER FORGET, you live in a CONsumer economy. You are part of the GREATEST generation. You make your country great by buying SHIT! Like your tiny house. Like your 80K pickup. Like the great President George W. Bush said. Get out there and SHOP! Buy shit! Your country needs you!

Gold and silver and miners should take a breather this week with options expiry.

41 comments:

  1. as i stated last week the intermediate cycle bottom may have been set in PMs. IF true then we may see a very quiet consolidation period as we grind higher quietly (so far so good). beware IF true then just as you take your profits, it will run away from you. ALL of this can play out over weeks with you NOT capturing majority of the move. Its the jesse livermore advice.......sit tight.

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  2. Look! A house made of toothpicks that'll burn in 3 minutes if you start a grease fire!

    The next 3 or 4 generations are so screwed.

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  3. carefully read if you wanna see where we are in PMs

    http://kingworldnews.com/this-will-signal-the-major-breakout-for-the-gold-market/

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  4. It is not just the Millies that are looking to downsize their home. Oldsters who have no family at home (and no mate) see no need for a McMansion with the related cost of heating/cooling/taxes/cleaning/etc. I personally have migrated from a much larger house in the 90s to a 2 bedroom cottage and have space I rarely enter..... Amazing the reduction in housing costs.

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    1. NO SHIT.....thats for sure Inlet....lotsa retirees living on the road now out of motor homes etc......getting rid of the carrying costs of bigger homes with empty nester syndrome.....things are changing dramatically for housing future prices.....demographics will collapse the prices

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  5. Seeing that already in my area- large homes, now dated in their construction and mechanicals not selling, while new, smaller and updated homes are scooped up. Really wonder what will happen to these McMansions.

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    Replies
    1. down down down......taxes upkeep unbearable

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  6. lol- They're still at it. Pre-open stop run and the followup bump in the silver futures this am is textbook. Be right, commit and sit tight is truly the only way to stay in this trade. You have to take the bite...

    https://featheredangels.files.wordpress.com/2014/08/1185607_200437533463041_647414619_n.jpg?w=584&h=441

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    1. Yup lol....we can cry all we want but from December 2015 all I can say is thanks boyz.....ya made me well again and even with this shakeout I am up triple off my 2015 lows......thats pretty good so why cry? Sitting tight through the 2016 run up with only marginal trading of my position was the right thing to do.....getting beat down late in the year was bearable after the big run up......SIT TIGHT! Let them come to you.

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  7. was musing this morning how bad things are with the ponzi......they cannot even ALLOW a 10% engineered correction or the DERIVATIVE UNWIND spirals the entire fraud into the toilet fast........LOL ....they are indeed stuck in this catch 22 monster they have created as the underlying real economy just gradually sinks in their manufactured malinvestment quicksand

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  8. There's one coming to us- Arizona Mining still pushing up for that dbl off the June low, lol...

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  9. stay patient and stay long......trade only marginally on your core and don't leverage up. we are at an inflection point in maximum pain......they can take it up very soon and inflict pain on the sideline money or they can kick the final bitter clingers off the tree with one more flush..........the flush could actually be this week with the OPEX

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    1. BTW Trump is not in charge......even when he fires Sessions this week, there is not going to be anything done to stop what's coming.......What's coming is baked in the cake and the piper will be paid

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    2. Hmmmmm He's trying to be and it's scaring the chit out of them and NO he's not going to fire Sessions, Trump is doing so to give him cover to do what's necessary....

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  10. https://i.redd.it/jcr9ptpy7zbz.png

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  11. Au futures peeking over that 1259 line...

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    Replies
    1. heaven forbid we get a 1267 print this week

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  12. Sentiment on PMs is worse now than it was in December 2015.........hehehehhehee.........the weak leaves are now gone. enjoy this year

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  13. Looks like a few thngs to enjoy...

    Adam Gingrich on Periscope just now said a possibility of the 7/27 is:
    He knows for a fact that a Grand Jury has been appointed for the Intel community leaks and the verdicts are in.

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    1. https://imgur.com/a/F7Xuz

      https://twitter.com/RogerJStoneJr/status/869396310734114816

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    2. I DOUBLE your HOLY CHIT with a HOLY FOCHING CHIT,,,,, if it's accurate of course..... Wow, just FOCHING WOW if it is.

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  14. BOOM!!!!!!! OOOOH the KARMA! it BURNS...

    https://twitter.com/wikileaks/status/864994472492453888/photo/1

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    Replies
    1. penetrates every part of gov now..........good luck gettin' rid of these scumbags short of an all out war on them and identify them publicly then put the spec ops on thme

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  15. They're all colluding, lol

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  16. Where's Butt and under $1k gold?

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    Replies
    1. CS/Butt are too embarrassed to show up

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  17. Gold
    1,261.30
    +11.90 (+0.95%)

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  18. be on alert......dollar is on the verge of a dramatic collapse if the FED does not prop it up.......by verge I mean during the next 30 days it can unwind

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  19. How can the FED prop up the dollar? Can they do a reverse QE?

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    1. MUTIPLE ways......as long as they have a majority of Europe and Asian Central Banks cooperating its simple.
      For example jawboning alone can have very positive consequences. "we're going to raise rates because the economy is so strong".......blah blah......."we see a third quarter GDP of 3%"....."we see 4 rate hikes next year".........all of this so far has been very effective......

      "other" Central banks have been buying our dollar eg BOJ for years now. SNB and IMF and on and on........Swaps can create another hidden intervention......this is not a small matter but in fact is absolutely critical to the past 10 years of manipulation........

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    2. The issue is WILL this scheme CONtinue???

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  20. PTB are going to try and engineer a 10% pullback in SnP during August/September........This will in effect stop rate hikes until at least December. If the pullback is disorderly then QE will begin by October. They tried to engineer a correction in 2015 but the Chinese monkey hammered it with their devaluations.......lets see who monkey hammers this correction

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  21. Looks like Stifler, the closet stacker spent some of those unlimited trading funds on some shiney this am, lol

    Uh-oh... http://www.zerohedge.com/news/2017-07-27/greece-arrests-russian-mastermind-behind-4-billion-bitcoin-laundering-scheme

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  22. Arizona about to see a golden cross, MACD looks like a bump & run. RIC >5% with a really good look to its chart. Judi must be in a corner furiously kindleing himself, lol, while mumma heats another hotpocket up for stifler.

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  23. Richmont Mines Inc. (RIC)


    8.60 +0.40 (+4.88%)
    At close: 4:02PM EDT

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  24. 1267 taken out......hehehehehehehehehehehee and on the weekly .....BWAAAAAAAAAAAAAAAAA

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  25. replay a RIC chart I posted 10 days ago

    https://stockcharts.com/h-sc/ui?s=RIC&p=D&yr=0&mn=9&dy=0&id=p15774764043&a=535109165&listNum=1

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