Alison Airies, thanks for sharing

Featured

I have pinned this post to the top of my blog. It is to remind people of what many of our opponents want. Alison Aires wants a tyrannical government. They want summary execution for private possession of firearms.

This is why we have a Bill of Rights. This is why I created Boomershoot.

Continue reading

Gold Price Forecasts

We live in interesting times.

Gold is shining ‘bright like a diamond’ and could hit $3,000 says Citi (cnbc.com)

“We project $3,000/oz gold over the next 6-18m,” said Citi’s analysts led by Aakash Doshi, Citi’s North America head of commodities research. The financial gold “price floor” has also moved higher from around $1,000 to $2,000 per ounce, Citi said.

On Friday, Goldman Sachs referred to the gold market as an “unshakeable bull market” and revised upward its price target for the yellow metal from $2,300 per ounce to $2,700 by the end of the year.


BRICS: China Drives Gold Price Up By Buying Supply (watcher.guru)

BRICS founder China is currently driving up the price of Gold by swooping in to buy more supply of the precious metal. As the US dollar plummets, alternatives are growing more important within the global reserve. Thus, gold has experienced significant price growth recently, rising to record highs of 2,342.43. According to economists, the People’s Bank of China is leading the way, actively investing in the asset.


Why is Gold Ignoring Higher Rates and a Stronger Dollar? (msn.com)

Since Russia and China shook hands on a “no-limits” alliance in early 2022, many international transactions have circumvented the dollar. Saudi Arabia and other oil-producing countries have sold oil to China and India for non-dollar currencies.

Gold’s ascent with a strong dollar and high interest rates is a sign of the shift in global leadership in trade. Moreover, rising gold prices could be telling us that inflation is eroding all fiat currencies, including the U.S. dollar. The dollar index is a mirage as it only measures the U.S. currency against the euro, pound, yen, Canadian dollar, Swedish krona, and Swiss franc. Gold is telling us that all these currencies are losing value as inflation and a significant global financial shift are changing the worldwide economic landscape.

The trend is always your best friend in markets, and gold’s bullish trend is now twenty-five years old. High interest rates and a strong dollar have not stopped gold’s rally, which is a significant sign that the strength of the precious metal’s bullish price action will continue. Even the most aggressive bull markets rarely move in straight lines. With gold over the $2,400 level and the critical psychological support at around $2,000, a pullback to that support would not threaten gold’s long-term bullish trend. Moreover, the dramatic shifts could support a continuation of higher highs in 2024.


Central bank buying a driver of golds surge (bankingday.com)

The majority of purchases were made by central banks in emerging economies. The People’s Bank of China was the biggest buyer, with an increase of 225 tonnes in its reserves last year.

Other big buyers were central banks in Poland, Singapore, Libya, the Czech Republic, India, Iraq, Qatar and the Philippines.

The council has reported previously that the growth in central bank gold buying reflects a “rebalancing to a more preferred strategic level of gold holdings” amid concerns about increasing financial market risks and the persistence of high inflation.

A small number of the central banks it surveyed said they were pursuing “de-dollarisation” policies. The US dollar accounted for 51 per cent of central banks reserves at the end of 2022.

Central banks in emerging markets tend to be more pessimistic about the US dollar’s future as a reserve currency and more optimistic about gold.

When asked about gold’s future share of global reserves, 62 per cent of advanced economy respondents said it will remain unchanged over the next five years, while 68 per cent of central banks in emerging markets said gold’s share of global reserves will rise.

Gold Sales Go Mainstream

Quote of the Day

Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer.

In fact, sales are so brisk that analysts at Wells Fargo expect revenue “may now be running at” $100 million to $200 million a month, a rapid acceleration since bullion hit the warehouse club late in the summer of 2023.

Jeff Cox
April 9, 2024
Costco selling up to $200 million in gold bars a month, Wells Fargo estimates (cnbc.com)

I wonder if this has been a significant factor in the recent price of gold. At $2,300/oz that is something like 40k to 65K ounces a month.

Renaming Gun Confiscation

Quote of the Day

Every contribution we receive brings us one step closer to solutions shown to save lives —from community violence intervention and firearm relinquishment laws to safe storage and firearm purchaser licensing.

The Johns Hopkins Center for Gun Violence Solutions
Johns Hopkins Bloomberg School of Public Health
Via the email: Will you help celebrate and support the Center?
April 16, 2024

“Firearm relinquishment laws”? That’s the first time I have seen that phrase used for gun confiscation laws. It turns out it has been a thing for a while.

I still think it is just a fancy way of saying something they know would raise alarms if they spoke plainly. It is another deceptive tactic which demonstrates they know what they are doing is illegal. It should be considered as evidence at their trials.

Don’t ever let anyone get away with telling you no one wants to take your guns.

They Need Common Sense Knife Control

Quote of the Day

At least four people were wounded, including a bishop with a global online following, in a knife attack during a service at a church in a suburb of Sydney on Monday, police and witnesses said, triggering clashes between angry residents and police.

It was the second major stabbing attack in just three days after six people were killed in a knife attack at a beachside mall in the Bondi area.

Lewis Jackson, Stella Qiu and Scott Murdoch
April 15, 2024
Australia church stabbing: bishop wounded, 15-year-old arrested

This is Australia. They banned and/or heavily restricted all firearms. I guess they now need common sense knife control.

As telling as the above is about their culture, I find the following gives us even more insight into the bizzarro mindset they have:

A separate eyewitness video, verified by Reuters and taken in the aftermath of the incident, shows the man being pinned to the ground by several others, his face obscured. A voice speaks in Arabic and says: “If they didn’t insult my prophet, I wouldn’t have come here. If he didn’t involve himself in my religion, I would not have come here.”

Authorities disclosed no motive for the attack and have not identified the suspect.

I cannot find further words to comment on this.

The Last Laugh

Quote of the Day

Yeah, a bunch of incels stroking their guns. You must be so proud to be part of the circle jerk. Congrats.

We’ll have the last laugh watching you chuds cry when they’re banned.

Kiah Kane – American Patriot/Anti-Maga (@Mikiah_Kane)
Posted on X at 3:27 PM on Sat, May 27, 2023

It’s not only another Markley’s Law Monday, it is another science denier!

And as a special bonus, Mikiah expected to have the last laugh with banned guns, we get to have the last laugh with her suspended account:

image

Karma can be bitch.

Jaime and the Packrat Gene

Daughter Jaime frequently teases me about her being glad she didn’t inherit the packrat gene from me. It’s true that I keep a lot of stuff around that I haven’t used, especially books, since college or before. Barb also sometimes harasses (in a good natured way) about this. It could be environmental rather than a gene, but I know it is definitely something my family does. There are tools in my brother’s shop that belonged to our great-grandfather and haven’t been used since I can remember. As I have grand children those tools will be seen by original owner’s great-great-grandchildren.

In my brothers houses there other things too, canning jars, folding beds, and lots of books that belonged to my parents and grandparents. It’s just tough to throw so much of that stuff away. As my brother Doug and I say, almost in unison, “They MEAN something to me.

Around the barn and in the woods behind the house there are farm implements that haven’t been used in 50 years. I don’t think there is anything that belonged to my grandparents but there is stuff that my grandfather saw my father using.

Back to Jaime. Because this is my chance to get back at her for all those decades of her teasing me.

Jaime is a software developer for Microsoft and during COVID obtained permission to work from home “forever”. With the Antifa and BLM riots and others stuff going on she sold her condo in Bellevue, walking distance to the Microsoft main campus in Redmond and moved to Black Diamond about an hour south of her condo. In another few years she plans to move to Idaho. She bought five acres of land a couple years ago and will start building a house soon. It used to be farm land and without any attention the weeds are taking over. I told her I would help her get the weeds under control but she will have to take over. I told her we need to cultivate it about every two weeks all summer. The weed seeds will sprout, and then be easily killed by the cultivation before they very big. In the fall we will plant grass and in a couple of years the grass with dominate almost all the weeds.

But how to cultivate it? She needs a little tractor and a cultivator. We can get a rototiller for the first take at the ground this spring, but need something else to hit the weeds with every couple of weeks.

I couldn’t find or rent the type of cultivator that would be appropriate for the job. Talking to brother Doug about the problem I said, “I wish we had something like the old spring tooth I used to pull behind the D4 when I was in grade school.” Doug immediately told me, “It’s down in the woods, near the well. And that would be almost perfect.” We discussed it and as we remembered it, it probably was made of four, 4-foot sections. One of those sections could probably be pulled by a medium sized lawn tractor.

Today my brothers and I restored a two sections of that old spring tooth I spent hundreds of hours pulling behind the tractor when I was of grade school age.

Here are the pictures.

You can barely see it in the grass and brush, but brother Doug is attaching a chain and we pulled the four sections out with brother Gary’s pickup.

image

All four sections had some damage from a tree being fell on them by a logger a decade or so ago. We selected the best three, one to use for parts and the other two for restoration, and took them to the shop.

image

Some of the fittings for connecting the four sections together for a 16-foot implement had to be cut off with a cutting torch. The bolt were rusted solid. All the other repairs we had to do involved bolts which need less “persuasion” and we were able to reuse.

image

image

Here is the end result:

image

This is what is left of the section we used for parts.

image

I still need to attach a cable to it for a hitch. I cut the cable to the proper length and will get the clamps and stuff tomorrow. In two weeks Jaime will visit Idaho, we will attach the cable and after she admits having a packrat gene comes in handy sometimes, we will transport her spring tooth to her property.

Just One Question Asked by Dr. Lott

Quote of the Day

Can you name me one place in the world, any place in the world, that has either banned all guns or all handguns and seen murder or homicide rates go down? Or even stayed the same? Because I can’t find it.

Every single place in the world that has done that, we’ve seen increases.

And you’d think just out of randomness, once or twice a ban on all guns or all handguns would see just out of randomness see a decrease.

image

John R. Lott. Jr.
Crime Prevention Research Center
March 11, 2024
Debate on the Second Amendment at the University of Wisconsin, John Lott v Sanford Levinson
Was the Second Amendment a Mistake or a Success?”

Compare Dr. Lott’s words to my Just One Question.

I expected Dr. Lott to wipe the floor with Sandy Levinson. He didn’t. It wasn’t really a debate. At one point Levinson said (paraphrasing):

I do not think the government should ban guns.

If we accept John’s evidence, then I, as a liberal, would support the government subsidizing the purchase of guns to get them in the hands of those in need who don’t have the financial means to purchase quality guns.

Levinson assertions as to the 2nd Amendment being a mistake or out of date were of the nature of it should be state and/or city power to regulate guns as they see fit for their particular circumstances. And there are other parts of the constitution which give the gun owners adequate protection. And the 2nd Amendment is about overthrowing a tyrannical government and nothing to do with self protection against violent individuals.

I thought he made arguments that could be debated and respected by reasonable people. Dr. Lott made some excellent points that severely undermined Levison’s argument, but Levinson did not spend any time as a dust mop on the floor.

See also Debate, John Lott and Sanford Levison: Was the Second Amendment a Mistake? (jpfo.org)

Maybe We Should Listen To an Expert

Quote of the Day

The EVERYTHING BUBBLE, stocks, bonds, real estate SET to CRASH. US debt increasing by $1 trillion every 90 days. US BANKRUPT. Save your self. Please buy more real gold, silver, Bitcoin.

Robert Kiyosaki @theRealKiyosaki
Posted on X April 6, 2024

Kiyosaki appears to be well respected.

Some people even collect his quotes:

Image

Maybe we should listen to an expert rather than try and figure out complex things like on our own.

Gold Price Rally is a Complete Mystery

Quote of the Day

The rally is defying a lot of normal thinking, especially when it comes to still-elevated rates. I think the narrative is changing towards sticky inflation and perhaps a hard landing, spiced with a lot of geopolitical uncertainty and de-globalization driving central bank demand.

Ole Hansen
Head of commodity strategy at Saxo Bank AS
April 7, 2024
Gold price rally to record highs is a complete mystery | Fortune

I’m concerned it is not actually a mystery. I suspect it is a reality nearly everyone does not want to believe.

Types of Marxism

Quote of the Day

Economic Marxism wants to destroy your property.

Cultural Marxism wants to destroy your civilisation.

Environmental Marxism wants to destroy your species.

Progress!

Alice Smith (@TheAliceSmith)
Posted on X April 6, 2024

Alice Smith claims to be the great-great-great-granddaughter of Adam Smith.

It would be trivial to get multiple quotes of high quality each and every day from her X feed.

Forecasting a Downturn in Gold

Quote of the Day

Gold prices achieved new heights last week, closing at record levels, with central banks’ interest and geopolitical tensions as key factors. Yet, we’re advising traders to be cautious, as the current rally might not be as robust as it seems.

Last week, XAU/USD settled at $2330.160, up $97.04 or +4.35%.

The market appears ripe for a downturn, and those holding positions near the peak might face significant losses. Therefore, the short-term forecast leans towards a cautious bearish outlook for gold.

James Hyerczyk
April 6, 2024
Gold Prices Forecast: Was a Bull Trap Set on Friday? | FXEmpire

Perhaps. That was Saturday But gold closed at $2,358.09 on Tuesday. That is up another 1.2% in two days.

Predictions are tough. Especially those predictions about the future.

Frequent Errors in Overmentalization Related to Lower Levels of Oxytocin Receptors

Interesting. VERY interesting:

Lower levels of oxytocin receptors are associated with more frequent errors in overmentalization — a tendency to erroneously attribute complex mental states to others — among patients with borderline personality disorder, according to new research published in the journal Acta Psychiatrica Scandinavica. This discovery sheds new light on the relationship between the oxytocin system and the cognitive processes underpinning social interaction in borderline personality disorder.

Borderline personality disorder is a condition marked by intense emotional turbulence and impulsive actions. Patients often struggle with a profound fear of abandonment and find it challenging to maintain stable and satisfying relationships.

I’m high level amateur on BPD. The stories I can tell which illustrate the symptoms described …

America Has Been Cleaved

Quote of the Day

America has been cleaved into two separate and antithetical ideologies — two opposing worldviews — with the communists and radical takers of the country supporting a dark vision of tyranny and the conservatives and independent producers supporting the light of truth and a vision of freedom and liberty. They are both hanging in the balance and waiting for gravity or some monumental event to throw the lever that moves them to act and take the country by storm, with the Democrats willing to use every illegal means imaginable.

Justin Smith
April 6, 2024
America Is Hurtling Toward a Full Blown Hot Civil War – The Burning Platform

I’m not convinced “the conservatives” support “the light of truth and a vision of freedom and liberty” but I do regard them as the lesser of the two evils.

Prepare appropriately.

They Can’t be Reasoned With

Quote of the Day

Do you know what triggers me? Children being shot to death in school. What triggered you? Is it when your PP doesn’t get hard?

Marielee W @meirlyme
Posted on X, May 24, 2023

It’s not only another Markley’s Law Monday, it is another science denier!

She is triggered by children being shot to death in school but she apparently doesn’t know or accept the most effective means of defending against those sort of events.

People who resort to demonstrating Markley’s Law are people with mental problems. They cannot be reasoned with.

“Changes in Methodology” for Inflation Numbers

Quote of the Day

In the past few months, political strategists have marveled at the fact that the economy under Biden was growing (at 3.2pc in the fourth quarter of 2024) but polling on Biden’s performance on the economy was dismal.

A recent paper led by former treasury of the secretary Larry Summers has helped clear up the discrepancy. Summers and his co-authors show that if we adjust American inflation data to consider changes in methodology that have taken place over the past few decades, we see inflation not peaking at 9pc, as the official data indicates, but rather at 18pc. The paper also suggests that inflation measured in line with historical norms would have been 8pc at the end of 2023, not the 3pc shown in the official statistics.

Philip Pilkington
April 5, 2024
The US Fed may kill the Biden presidency (msn.com)

As I suspected, the price of gold is a better measure of inflation than official government numbers.

Prepare appropriately.

$1 Trillion in Debt Every 100 Days

Quote of the Day

Currently, the US national debt stands at an unprecedented $34 trillion, fueled by extensive spending and escalating debt-servicing costs. Bank of America’s estimates, indicating that the US is accumulating an additional $1 trillion in debt every 100 days, underscore the urgency of the situation.

Rahul Kumar
April 5, 2024
Wharton Professor Warns Swelling US Debt Could Trigger Market Crisis by Next Year (msn.com)

On April 1st one ounce of Gold would buy an all time high of $2,264. On April 2nd it reached another all time high of $2,268. Yesterday it closed at the all time high of $2,341.49.

Prepare appropriately.

Easier to Blame the Guns?

Quote of the Day

Guns have always been a part of American culture, but mass shootings have not. Nor has divorce, social media addiction, SSRIs, or nihilism in general.

Violence is the symptom of a much deeper problem in this country.

It’s just easier for the left to blame the guns than the culture that they’ve created.

MIA @_Mama_Mia10
Posted on X May 6, 2023

I’m just certain it goes beyond a simple easy to blame issue. I believe a significant portion of those people who want to ban private gun ownership are that mindset because they have a utopian vision of a defenseless population they can control. The others who go alone with that mindset of gun banning but don’t see the tyranny they are enabling are useful idiots.