Nothing Really Matters, Anyone Can See

The US labor force is rapidly shrinking. Wage growth is non-existent. The vast majority of the American people have no savings and little hope for economic improvement. But none of that matters with the G-3 central banks in charge!

So today saw the latest installment of the BLSBS. If you check your "mainstream" sources, you;ll be led to believe that everything is great and getting even better!

But look under the hood and you see that this is all bullshit. The unemployment rate that Drudge blares on behalf of Trump is only at its "lowest since 2000" because October saw an astonishing 968,000 people leave the labor force. This leaves the total number of people NOT in the labor force at a record 95,385,000. Then, as ZH notes, "this took place as the number of employed Americans declined by 484,000, however since the unemployment rate denominator dropped more, it translated into an actual decline in the unemployment rate!"  Read all about it here: http://www.zerohedge.com/news/2017-11-03/people-not-labor-force-soar-record-954-million-968000-drop-out-one-month

Secondly, about this notion of "hiring bouncing back" and the "economy rebounds". Do you recall this very prescient chart from Morgan Stanley? Well, the two hurricanes messed up the math BUT, since this BLSBS is all about "catch up", let's take another look:

If this chart had continued to be accurate (no hurricanes), the combined total of "new jobs" for September and October would have been 345,000. And what was the actual total? September was revised today to +18,000 and this latest report had October at 261,000. That's a total of 279,000. Hmmmm. How about that for your "rebounding" economy and job market?!?

And the wage growth component was terrible, too, with wages FLAT month-over-month and coming in at a growth of just 2.4% year-over-year. This includes all of the high-end, top-salary types so can you imagine what the actual wage growth is for the vast majority of Americans who actually do all the living, working and dying? Try close to ZERO!

But, of course, here's the thing. When the G-3 central banks attempt to control everything, none of this matters at all. In typical G-3 fashion, the all-important USDJPY sank on the news, it immediately double-bottomed and then moved higher at 45 degrees until it was right back to where it was at 8:29 EDT.

And as I type, nothing has changed in the time since. The USDJPY has continued to creep higher and I have a last of 114.10. CDG had nearly hit $1280 but it's back to $1276 and CDS is now down 4¢ at $17.10.

So, in the end what happens? As per usual, average and everyday Americans continue to get squeezed as they work multiple jobs attempting to feed their families and pay their taxes. The filthy rich and Wall Street bankers line their pockets with ill gotten profits derived from the endless creation of fiat cash by the central bankers.

Oh, and don't forget that you're now repeatedly told about how "the Fed is tightening" and how this "makes the dollar stronger". Yes, the dollar appears stronger but that only because other fiat is weakening even faster. Don't believe me? Well check The Fed's own charts! M1 and M2 money supply are both at all-time highs!!

And here's a fun, little "anomaly" for you. Below is the same M2 money supply chart but I've added the price of Comex gold. The scales are off and this makes the chart a bit difficult to read. However, you can plainly see that, beginning in the fall of 2011, something changed. After tracking money supply growth pretty closely since 2002, there seems to be a bit of a disconnect. Gee, I wonder why and how?

But, whatever. It is what it is and as long as The Criminal Bankers remain in charge, not much is going to change.

To that end, look at what has happened to CDG and CDS while I've been typing! Though the USDJPY is still 114.10, suddenly prices are getting smashed lower. And why not? Again, when The Bankers control everything, they can pretty much do whatever they want.

So we'll have to see where we finish the day. It certainly appears that this onslaught has been designed to take out the 200-day MA on a closing basis. For today, that level is $1268.40 so watch it closely. 

TF

www.tfmetalsreport.com/subscribe

88 Comments

JackPutter's picture

So this may not be when you want to hear this

Buck up lil' campers.

When other things are showing you how it once might have been for the price of the metals.  The bankers have managed to reveal that their intentions are to have a replay of price action just like the last two years. 

Target date for purchasing physical is on Dec. 24th.  Knowing what the bankers desire is an advantage.  However getting the payoff to the advantage is becoming increasingly difficult.

The other things that I am alluding to have surprised many.  It will continue to do so.  The price action on those things are making me nervous, and all indicators of the rush to get in right now are nerve wracking.  But Gold and Silver?

HAH!!  A stabile storage of value that's within a range that is well known, until....until...until... inevitability happens.

So we have only two or three, uhm maybe more, scenarios at this point in time.  The price of the metals stay in the range.  They break lower or bottom the range.  They break higher with a controlled growth, OR

The enlightenment of the masses having their shortened-attention spans drawn to the issues surrounding the criminality of the management of our currencies and governance.

When it comes to money the adults know what their actually running from.  I consider the people around here to be adults.

To Turdites everywhere.  Some Days are better than others.

brolgaboy's picture

First Majestic smokeshow today

shorts on it like white on rice

Joseph Warren's picture

@H8Fiat re: why taxes ?

The petro-dollar (backed by force & threat of force) gives 'value' to the US dollar internationally. Nations who try to get around this are invaded. Income taxes (backed by force & threat of force) gives 'value' to the US dollar domestically. Those who don't pay them get invaded too.

Markedtofuture's picture

Hillary Bought DNC, Clinton’s Legal Trouble, Fed Head Change

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By Greg Hunter’s USAWatchdog.com (WNW 308 11.3.17)

Former head of the DNC (Democrat National Committee) Donna Brazile dropped some bombs on Hillary Clinton in her new book. Brazile says Hillary Clinton basically bought the DNC by loaning it $20 million in return for complete control of the organization. Brazile also charged Clinton rigged the 2016 Democrat primary to cheat Sanders out of the nomination. That means Clinton was the top person in both the Clinton Campaign and the DNC that paid Russian sources $12.6 million for the discredited and phony so-called “Trump Dossier.” This is same dossier that helped start the investigation into Donald Trump for Russian collusion, which has rendered zero evidence after more than a 15 months.

With this latest revelation, there is now even more talk of investigating the Clintons and what President Trump calls the “real Russian collusion story.” Meanwhile, Special Prosecutor Robert Mueller has indicted former Trump campaign chairman Paul Manafort for money laundering. This happened long before he worked for Donald Trump and his campaign. Still, no Trump Russian collusion, but there is actual Russian collusion with Secretary of State Hillary Clinton while in the Obama Administration. Clinton and others, including President Obama, allowed 20% of U.S. uranium production to end up in Russian hands. This while Robert Mueller was Director of the FBI, who oversaw a multiple year investigation that uncovered Russian spies involved in money laundering, bribes and extortion trying to get control of U.S. uranium production. Despite knowing this, the deal to sell 20% of U.S. uranium production to the Russians was signed off on by the Obama Administration, and nobody stopped it.

The Fed will have a new head come early next year. Jerome Powell will succeed Janet Yellen as Federal Reserve Chairman in 2018. Powell is considered a “dove,” which means the easy money policies that are driving record highs in the stock market will continue—for now. Gregory Mannarino of TradersChoice.net says, “The markets are now running the Fed, and not the other way around.”

Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.

streber's picture

Re the grocery cart theft in suburbia

Need #6 injector replaced on the combine so,
with a few minutes to spare I relate a theft which occurred a week ago in small town Iowa.

Lots of Mexicans in this town.
Imported over the years to work the large confinement buildings (hogs & chickens)...
=============

Having a rain day a week ago, my buds, family & I dined at the Mexican restaurant in town which seems mostly attended by gringos
There are a couple other tiendas in town but only customers inside are Mexicans.
Having in a previous life roamed Central America, I go in these other places just to look around and sometimes buy a Mex pastry. 
The tienda around the corner usually has some tough looking muchachos sitting around a table of empty beer bottles.

I parked my pickup across from the "restaurant" for an hour & a half (1930 - 2100).
Left it unlocked.
Later, when I got to the bunkhouse I realize my google chromebook has been stolen off the back seat.  It was covered with a coat, a bag of groceries & a bag of winter clothes I had purchased earlier at a thrift store.

Someone had opened the back door, slid their hand around, felt the computer & stole it.
Hmmm, I wonder who?

This would have never happened ten years ago.
Amerika has changed, just like Obama said it would.
Not placing all blame on O, but Amerika is not what it used to be and in a bad way.
O simply added accelerant. 

Another story about a second ring relative, little Natalie,  in LA who was hit and seriously injured in LA two weeks ago.  
The perp, looked Mex to witnesses, ran away.  
Was driving a stolen vehicle.
Natalie is first gen American from Guatemala.  Good family.  Parents here legally.
On a positive note, her brother got hired by L A County Sheriff.
Grossed over $100k his first year.

JQuest's picture

@ Noteriety You Assume Too Much...

"This forum is filled with losers (only by the moral definition). There are too many sheep to do anything about it. "

I'm a little old now but here are a few of my past endeavors...

1) Back in the late 80's early 90's I ran a BBS site (Bulletin Board Service) before the internet titled "The Citizen's Government Reform Forum" File sharing of the voting records of State Legislature and Congressional members over phone line modem connection (DSL).

2) Created and ran the first web site that tracked the Nebraska State Legislature's voting record and made it available to the public in semi-real time (1990's).

3) Vice Chairman of the largest government reform organization in Nebraska (90's)

4) Worked with other Reform organizations to remove for the first time in history a sitting Nebraska State Supreme Court Justice David Lanphier for supporting the release of 200 second degree felons. Within a week another Justice that supported the release resigned rather that run in the next election, so we got a two-fer!

5) My internet provider (back in the modem days) told me the Governor's staff called him and ask him to take down my web site which he didn't do, I've always counted this as a badge of honor, (the Governor was a Democrat).

6) Confronted the Governor in an open forum with 500+ property tax payers many retired on fixed incomes over the high rate of tax increases (triple the rate of inflation) and got a standing ovation from the audience on my exposing of the States runaway spending (Meeting was being aired live on Omaha local radio).

7) Helped a Nebraska Government Reform Organization Chairman buy his first computer and taught him how to use this newfangled thing called the internet. He's still running the org's web site to this day.

The driver to my involvement was that I never wanted my daughters to someday say Dad... How could you have stood by and done nothing and let this happen to us? To this day they all know I did what I could because I took them to the meetings and they help me put out the Justice recall yard signs all over town, yes they still remember to this day.

Note: I have 6 daughters and 11 Grand Kids..

==== > What Have U Been Doing Notoriety ?

canary's picture

Just got this offer in my e-mail

$1 for 2 Months offer Ends Soon!....Good things come to those who don't wait.

   Image result for the wall street journal images

When I was young, living in the communist-military junta, on Felix Dzerzhinsky street....I looked at the WSJ paper as something noble.

Edit..Of course, it wasn't available in popular kiosks there.

H8Fiat's picture

Re: Joseph Warren

Taxes were only an example.  Agree with all you posted.  Taxes are especially irritating to me as I believe they are needed to support gov functions that lead to improved living conditions.  Currently, IMO, my labor to pay taxes is wasted (kind of like buying PM's).  One of those living conditions is the rule of law universally applied.

What we have now is an out of control gov that rules by oppression and laws only apply to those not in the club.

H8

Joseph Warren's picture

1913

fed reserve and income taxes un-Constitutionally put into place.

This wasn't a random coincidence.

Mickey's picture

I have a small position in GBTC and HIVE

I'd love to see options on GBTC--

my new thinking -Things like GBTC in fiat portfolio -its nice as I can trade it fast.

And no mo crypto currency-just the physical gold and silver

GBTC will give off close to if not better than Bitcoin and HIVE even though low stock price will do well also, have to get more names

lakedweller2's picture

@Canary

Good point on the WSJ.  I subscribed in the late 60s.  I wouldn't even read a free one now.  

People are after truth and that's why we listen to Turd.  I guess in his free time he could write The Turdville Gazette and we could deliver it on our bicycles for food money after the tax bill collapses the ec.onomy.  Probably couldn't deliver in the gated communities but maybe could leave them with the gate guard, assuming we pay him a bribe and a cut of our delivery earnimgs.

ancientmoney's picture

Hope we don't have a "stormy" weekend...

ZeroHedge reported last week:  "According to The National Association for Amateur Radio (ARRL), elements of the US Department of Defense (DOD) will simulate a "communications interoperability" training exercise across the United States on November 04-06. The announcement released on October 24 has not been widely distributed to the media because the drill is simulating a total grid collapse and could spark public fear."

The article quotes the ARRL press release as saying "This exercise will begin with a national massive coronal mass ejection event which will impact the national power grid as well as all forms of traditional communication, including landline telephone, cell phone, satellite, and Internet connectivity."

Combined with Soros riots?

https://www.henrymakow.com/2017/11/is-the-storm.html

canary's picture

COT gold

canary's picture

COT silver

Angry Chef's picture

The Biggest Ponzi Scheme in Human History

https://www.theautomaticearth.com/2017/11/the-biggest-ponzi-in-human-history/

Take solace Turdville. We're right. Our timing isn't but we are. On another note I was speaking to my Indian friend today. I was pondering something I heard Harley Schlanger say in an interview with Rogue Money on " Hanging with Harley ". The Chinese Communist Party just had their big 5 year convention and Xi Jinping was quoted as saying that the goal of the Party was to make the Chinese people "happy". Harley went on to say that isn't that what America's Declaration of Independence was all about. Life, Liberty and the pursuit of Happiness. Now think about how the Chinese people were not allowed to buy Gold until 5 years ago. Now if I'm the head of the Communist Party in China and I want to make my people happy. How would I do that ? Perhaps a doubling or tripling of the Gold price ??? I can hear them now..." thank-you, thank-you, oh great leader. You are wonderful, oh great leader". Just by a significant move in the Gold price and millions of Chinese are going to have their standard of living raised overnight.

So hang in Turdville. This debt based ponzi fiat system is going to blow. And one day you'll be like millions of Chinese. Praising the ground of their fearless leader who had the wisdom to see reality for what it is and not the matrix that we've been enduring for so many years..

NW VIEW's picture

Stocks

We see that FFMGF and GPL are dancing around their 52 week lows while WY is around the 52 week high.  There seems to be a great need for lumber and little need for PM's.   

JackPutter's picture

You don't have to have your coin on an exchange to claim BCH

If you owned your Bitcoin before August 1st there are still ways for you to claim your BCH.  Look up videos on how to safely claim your BCH.  Remember that the address you need to send your BCH too, has to be compatible with BCH.  Most the times the claim can't be direct to an exchange, so its wallet>exchange.

No I don't want my Bitcoin on Coinbase for anything other than purchasing or selling.  I can't really trust them or G-Dax as their policies are are really dumb moves. 

Warning about the B2X forked coins is that if you send to somewhere they may give some sort of access to the Bitcoin that you already owned.  I'm not going to claim them or send them until I've learned more about this new alt-coin saying it's safe.

These new hard-forks may eventually function as the Con-Mans promise;  The mark (victem) will always be offered something for nothing. 

Good Luck

Ronnie 666's picture

Platinum COT favourable again

Again this week the Pt COT is good as banks go long and cut their shorts and specs go net short - this is happening every week, week after week the time is coming for a big move in Pt. Just my opinion.

https://www.tradingster.com/cot/legacy-futures/076651

Open interest is about 4 million oz. Probably 80% of annual production smiley

JQuest's picture

Tracy Beanz

Different !

TF Metals fan's picture

Thanks Canary!

Very clear overviews of the past weeks. But I feel we are going nowhere. All this price surpression and no improvements on the COT (nothing substantial). Are we heading for more concerns? Time will tell.

Bohemian's picture

@canary

RE: WSJ

"Edit..Of course, it wasn't available in popular kiosks there."

Good point, leaving the political aspect aside. ;-))) BTW, what would be the price of one WSJ issue in a kiosk -- let's say -- on the Prospect of Kalinina, currently the New Arbat in Moscow? Considering the average salaries at various communist countries and the prices in general, one WSJ issue would be more expensive than the rent of an apartment, per day. If I am not mistaken, the average prices per newspapers in the US, in 70's, were around 20-30 cents per issue.

matt_'s picture

Updated GDX weekly: spring is still coiled

Until it breaks below the lower blue line, it looks like a BUY to me.  We could see a turn very soon.  Of course, my prediction is based upon technical analysis only, and it ignores the possibility that gold may be smashed lower at any time for no reason at all.

waxybilldupp's picture

JQuest/Tracy Beanz ...

Doing any verification of this is well above my paygrade, but it seems we won't have to wait long to know if it is valid info or bullpoop.  WOW!

Covfefe (winter is coming)

Wizdum's picture

Taking your parents to dinner in 2017 (incl. Tip & Tax):

Taking your parents to dinner in 2017 (incl. Tip & Tax):

2.69389169311211 grams Gold
6.532066508313539 ounce troy Silver
0.01531178269518 Bitcoin
1.959736326385177 Litecoin
0.3589141216392587 Ethereum
110 USD
12547.42 Japanese Yen
110.08 Swiss Franc
94.77 Euro
84.12 British Pound
730.16 Chinese Yuan
1.974865350089767 Barrels WTI Crude Oil

lakedweller2's picture

@wizdum

I think I'll order a pizza.

canary's picture

@Bohemian...

How quickly I forgot...Buying WSJ (available in few hotels frequented by foreigners) would be out of my mind, getting me broke within days....There were selected places one could read them,  campus libraries for example.

And here is the funny part...The first WSJ I bought was in Istanbul, on Bosphorus ferry ...It was a hot sunny day, and I had just enough money to buy a lemonade or pepsi...(I was always broke)...but I spent them on Wall Street Journal...to study English. I quickly realized that it was like a black magic,completely over my head........Looking back... I should buy the Turkish lemonade instead.

Image result for bosphorus ferry images

Markedtofuture's picture

"Hopelessly Compromised": Judiciary Member Calls For Mueller's..

Resignation Over Uranium One Scandal

by Tyler Durden

Nov 3, 2017 5:40 PM

Earlier this morning House Judiciary Committee representative Matt Gaetz (R-FL) submitted a resolution calling for Robert Mueller to resign as special counsel overseeing the FBI investigation of possible collusion between the Trump campaign and the Russian government saying, among other things, that the former FBI director is "hopelessly compromised" as a result of his failed oversight of the controversial Uranium One transaction.  Here is an excerpt from a press release posted to Gaetz's website earlier today:

“Evidence has emerged that the FBI withheld information from Congress and from the American people about Russian corruption of American uranium companies. A confidential U.S. witness, working in the Russian nuclear industry, revealed that Russia had deeply compromised an American uranium trucking firm through bribery and financial kickbacks.

Although federal agents possessed this information in 2010, the Department of Justice continued investigating this “matter” for over four years. The FBI, led at the time by Robert Mueller, required the confidential witness to sign a non-disclosure agreement. When the witness attempted to contact Congress and federal courts about the bribery and corruption he saw, he was threatened with legal action. By silencing him, Obama’s Justice Department and Mueller’s FBI knowingly kept Congress in the dark about Russia’s significant and illegal involvement with American uranium companies.

These deeply troubling events took place when Mr. Mueller was the Director of the FBI. As such, his impartiality is hopelessly compromised. He must step down immediately,” Rep. Gaetz said in a statement.

Gaetz’s resolution currently has two cosponsors, both of whom are members of the House Freedom Caucus: Representatives Andy Biggs (R-AZ) and Louie Gohmert (R-TX).

http://www.zerohedge.com/news/2017-11-03/hopelessly-compromised-judiciary-member-calls-muellers-resignation-over-uranium-one-

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