Is the boat sinking

[mick silver]

Markets
Updated: 1:32:46pm ET


Dow -1.42%
17,365.80 / -249.37 (http://money.cnn.com/data/markets/dow)
Nasdaq -1.51%
5,024.93 / -76.87 (http://money.cnn.com/data/markets/nasdaq)
S&P -1.22%
2,078.41 / -25.77 (http://money.cnn.com/data/markets/sandp)






http://money.cnn.com/data/markets/

[mick silver]

Companies in the Dow Jones Industrial Average

Company
Price
Change
% Change
Volume
YTD
change


MMM (http://money.cnn.com/quote/quote.html?symb=MMM) 3M
148.36
-2.88
-1.90%
832,020
-9.76%


AXP (http://money.cnn.com/quote/quote.html?symb=AXP) American Express
81.27
+0.01
+0.01%
3,892,971
-12.67%


AAPL (http://money.cnn.com/quote/quote.html?symb=AAPL) Apple
114.21
-5.51
-4.60%
49,846,383
+3.44%


BA (http://money.cnn.com/quote/quote.html?symb=BA) Boeing
143.48
-2.38
-1.63%
1,421,026
+10.30%


CAT (http://money.cnn.com/quote/quote.html?symb=CAT) Caterpillar
77.38
-2.78
-3.47%
5,360,956
-15.35%


CVX (http://money.cnn.com/quote/quote.html?symb=CVX) Chevron
84.69
-1.20
-1.39%
5,204,775
-24.45%


CSCO (http://money.cnn.com/quote/quote.html?symb=CSCO) Cisco
27.94
-0.66
-2.29%
11,014,258
+0.38%


KO (http://money.cnn.com/quote/quote.html?symb=KO) Coca-Cola
41.45
-0.23
-0.55%
5,320,398
-1.76%


DIS (http://money.cnn.com/quote/quote.html?symb=DIS) Disney
109.33
-1.67
-1.50%
6,218,867
+15.84%


DD (http://money.cnn.com/quote/quote.html?symb=DD) E I du Pont de Nemours and Co
53.50
-0.89
-1.64%
2,517,720
-23.86%


XOM (http://money.cnn.com/quote/quote.html?symb=XOM) Exxon Mobil
76.62
-1.40
-1.79%
7,782,044
-17.08%


GE (http://money.cnn.com/quote/quote.html?symb=GE) General Electric
25.65
-0.59
-2.25%
14,444,830
+1.48%


GS (http://money.cnn.com/quote/quote.html?symb=GS) Goldman Sachs
201.41
-4.56
-2.21%
988,926
+3.81%


HD (http://money.cnn.com/quote/quote.html?symb=HD) Home Depot
117.38
-0.22
-0.19%
1,983,396
+11.98%


IBM (http://money.cnn.com/quote/quote.html?symb=IBM) IBM
154.96
-1.79
-1.14%
1,432,361
-3.36%


INTC (http://money.cnn.com/quote/quote.html?symb=INTC) Intel
29.01
-0.63
-2.13%
11,122,308
-20.16%


JNJ (http://money.cnn.com/quote/quote.html?symb=JNJ) Johnson & Johnson
98.79
-1.01
-1.01%
2,852,656
-5.46%


JPM (http://money.cnn.com/quote/quote.html?symb=JPM) JPMorgan Chase
67.94
-0.96
-1.39%
7,090,287
+8.52%


MCD (http://money.cnn.com/quote/quote.html?symb=MCD) McDonald's
98.50
-0.89
-0.90%
1,678,228
+5.20%


MRK (http://money.cnn.com/quote/quote.html?symb=MRK) Merck
57.61
-0.80
-1.37%
2,441,122
+1.50%


MSFT (http://money.cnn.com/quote/quote.html?symb=MSFT) Microsoft
46.03
-1.30
-2.75%
12,698,182
-0.90%


NKE (http://money.cnn.com/quote/quote.html?symb=NKE) Nike
114.20
-1.17
-1.01%
1,374,037
+18.88%


PFE (http://money.cnn.com/quote/quote.html?symb=PFE) Pfizer
35.05
-0.31
-0.88%
10,152,508
+12.52%


PG (http://money.cnn.com/quote/quote.html?symb=PG) Procter & Gamble
76.06
-0.32
-0.41%
3,538,580
-16.46%


TRV (http://money.cnn.com/quote/quote.html?symb=TRV) Travelers Companies Inc
105.60
-0.22
-0.21%
591,554
-0.24%


UTX (http://money.cnn.com/quote/quote.html?symb=UTX) United Technologies
98.12
-1.43
-1.44%
2,762,219
-14.60%


UNH (http://money.cnn.com/quote/quote.html?symb=UNH) UnitedHealth
121.61
-0.87
-0.71%
1,234,949
+20.41%


VZ (http://money.cnn.com/quote/quote.html?symb=VZ) Verizon
47.54
+0.31
+0.65%
9,478,976
+1.58%


V (http://money.cnn.com/quote/quote.html?symb=V) Visa
73.26
-1.12
-1.51%
2,869,564
+11.95%


WMT (http://money.cnn.com/quote/quote.html?symb=WMT) Wal-Mart
71.79
+0.31
+0.44%
3,656,637
-16.33%

[mick silver]

Energy
New York Mercantile
Last

Change
% Change
52-week price range
Last Update


Oil (Light Crude)
Sept. 2015 contract
$ / barrel
43.14

-1.82
-4.05%
42.41
Today|||
98.58


1:05pm ET


Heating Oil
Sept. 2015 contract
$ / gallon
1.55

-0.0436
-2.74%
1.52
Today|||
2.90


1:05pm ET


Natural Gas
Sept. 2015 contract
$ / million BTUs
2.82

-0.021
-0.74%
2.45
Today|||
4.54


1:05pm ET


Unleaded Gas
Sept. 2015 contract
$ / gallon
1.68

-0.0173
-1.02%
1.23
Today|||
2.78


1:05pm ET


s = Floor trades settled


Metals
New York Mercantile
Last

Change
% Change
52-week price range
Last Update


Gold
Dec. 2015 contract
$ / troy ounce
1,109.10

+5.00
+0.45%
1,072
Today|||
1,322


1:05pm ET


Silver
Sept. 2015 contract
$ / troy ounce
15.27

-0.022
-0.14%
14.12
Today|||
20.16


1:05pm ET


Platinum
Oct. 2015 contract
$ / troy ounce
991.50

+1.70
+0.17%
945.40
Today|||
1,482


1:05pm ET


Copper
Sept. 2015 contract
$ / pound
2.33

-0.068
-2.83%
2.31
Today|||
3.25


1:05pm ET


s = Floor trades settled


Agriculture
Chicago Board of Trade
Last

Change
% Change
52-week price range
Last Update


Corn
Dec. 2015 contract
¢ / bushel
389.75

-11.25
-2.81%
318.25
Today|||
454.25


1:25pm ET


Soybeans
Nov. 2015 contract
¢ / bushel
972.25

-22.25
-2.24%
904.00
Today|||
1,089


1:25pm ET


Wheat
Sept. 2015 contract
¢ / bushel
509.25

-16.25
-3.09%
460.75
Today|||
677.00


1:25pm ET


s = Floor trades settled


Meat & Livestock
Chicago Mercantile
Last

Change
% Change
52-week price range
Last Update


Lean Hogs
Oct. 2015 contract
¢ / pound
65.68

0.00
0.00%
57.85
Today|||
107.93


Jul 31


Live Cattle
Oct. 2015 contract
¢ / pound
149.28

-0.025
-0.02%
143.06
Today|||
172.45


1:24pm ET


Feeder Cattle
Aug. 2015 contract
¢ / pound
214.30

+0.05
+0.02%
193.00
Today|||
245.75


1:24pm ET


s = Floor trades settled


Consumer
New York Mercantile
Last

Change
% Change
52-week price range
Last Update


Cocoa
Dec. 2015 contract
$ / metric ton
3,116.00

+7.00
+0.23%
2,674
Today|||
3,400


Aug 10


Coffee
Sept. 2015 contract
¢ / pound
133.95

+0.45
+0.34%
120.25
Today|||
224.00


9:28am ET


Cotton
Dec. 2015 contract
¢ / pound
61.96

0.00
0.00%
57.22
Today|||
68.40


9:09am ET


Sugar #11
July 2016 contract
¢ / pound
12.75

+0.67
+5.55%
11.28
Today|||
17.68


Aug 10

[mick silver]

There's a firesale on raw materials like copper, aluminum, gold and oil, raising concerns about the health of the global economy. The CRB raw industrials spot price index is now at its lowest level since November 2009. The Bloomberg Commodities Index touched levels unseen since June 2002.





Just this week, crude oil prices retreated to $50 a barrel, while gold tumbled below $1,100 an ounce to five-year lows. (http://money.cnn.com/2015/07/20/investing/gold-price-slump/index.html?iid=EL)
And mining stocks like Newmont Mining (NEM (http://money.cnn.com/quote/quote.html?symb=NEM&source=story_quote_link)), Barrick Gold (ABX (http://money.cnn.com/quote/quote.html?symb=ABX&source=story_quote_link)) and Coeur Mining (CDE (http://money.cnn.com/quote/quote.html?symb=CDE&source=story_quote_link)) are down 20% to 25% this month alone.
What's going on?
"It's a yellow flag for the global economy. I don't think it's a heads up that we're headed for disaster, but I do think it tells us something," said David Kelly, chief global strategist at JPMorgan Funds.
Related: Gold prices plunge to five-year low (http://money.cnn.com/2015/07/20/investing/gold-price-slump/index.html?iid=EL)
Why are these commodities tanking? First, there simply isn't enough demand.
Soft global economic growth has hurt demand for some of the most closely-watched industrial metals like copper and iron ore, as well as oil.
While China is growing faster than many countries, it has slowed drastically in recent years. That's a critical factor, because China's previously-insatiable demand for natural resources made it the world's "swing consumer."
China's slowdown is playing a huge role in the demand picture. Growth in the first half of 2015 slowed to the weakest level since 2009 (http://money.cnn.com/2015/07/14/news/economy/china-gdp-second-quarter/index.html?iid=EL) -- and there's growing rumblings among investors that Beijing may be fudging the numbers (http://money.cnn.com/2015/07/15/news/economy/china-gdp-economic-statistics/index.html?iid=EL).
Many other emerging markets like Brazil and Russia are growing at a sluggish pace, too. So are developed economies like Europe and to a lesser extent the U.S. The International Monetary Fund recently downgraded its global growth forecast to 3.3%, the weakest pace since the financial crisis.
"We're not going into a global recession, but there isn't a lot of growth out there either," said Michael Block, chief strategist at Rhino Trading Partners.
Related: Is China cooking its books? (http://money.cnn.com/2015/07/15/news/economy/china-gdp-economic-statistics/index.html?iid=EL)
Supply glut, dollar strength: The poor demand is being exacerbated by too much supply. The commodities boom, fueled by China's explosive growth in previous years, caused energy and metals companies to ramp up production to levels that today's market just can't support. Look at how North American oil producers pumped so much oil out of the ground that now there is a huge supply glut.
And then there's the U.S. dollar. Because the American economy looks better than its peers and the Federal Reserve has stopped its stimulus program, the greenback has raced ahead of rival currencies like the euro and the yen.
That's bad news for commodities because most of them are priced in dollars. A stronger greenback depresses demand by making oil and other natural resources more expensive to buy in other currencies.
Related: $2 gas will be back after Iran nuclear deal (http://money.cnn.com/2015/07/14/news/economy/2-gas-iran-nuclear-deal/index.html?iid=EL)
Mining stocks tank: No wonder the S&P 500 energy and materials sectors are down this year 10% and 3%, respectively. And specific mining stocks like Newmont Mining (NEM (http://money.cnn.com/quote/quote.html?symb=NEM&source=story_quote_link)), Barrick Gold (ABX (http://money.cnn.com/quote/quote.html?symb=ABX&source=story_quote_link)) and Coeur Mining (CDE (http://money.cnn.com/quote/quote.html?symb=CDE&source=story_quote_link)) are down 20% to 25% this month.
"The whole commodities complex is under fire here," said Block.
The commodities rout is also creating big headaches for countries in Latin America (http://money.cnn.com/2015/05/19/news/economy/australia-no-recession-24-years-china-commodities/index.html?iid=EL) like Brazil that rely on natural resource exports to keep their economies going. The same is true for mining-centric Australia, which is trying to avoid its first recession in 24 years. (http://money.cnn.com/2015/05/19/news/economy/australia-no-recession-24-years-china-commodities/index.html?iid=EL)
Related: The next domino to fall: Latin America (http://money.cnn.com/2015/07/09/news/economy/warning-sign-latin-america-economy/index.html?iid=EL)
When will commodities bottom? At some point these prices will stop tanking. Eventually, enough production will get taken off line to balance the lack of demand, which should stabilize prices.
While no one knows exactly when that will happen though, Peter Boockvar thinks it's coming soon.
"This is the last throes of the commodity bear market," said Boockvar, chief market analyst at The Lindsey Group.
Will Janet Yellen delay rate hike? Until that happens, the commodities selloff may make Janet Yellen's job tougher. The Federal Reserve chief has signaled an interest rate is coming later this year (http://money.cnn.com/2015/07/15/investing/federal-reserve-janet-yellen-house-testimony/index.html?iid=EL), but lower commodity prices will only put inflation further behind the central bank's targets.
"If commodity prices are going to hell, that's going to hurt inflation. How does the Fed raise rates?" said Block.
Kelly disagrees, pointing out that U.S. inflation readings are looking better and jobs growth remains solid.
"I think it makes it more complicated, but it shouldn't change the Fed's decision -- if it's thinking clearly," said Kelly.
Related: Yellen still thinks Fed will raise rates this year (http://money.cnn.com/2015/07/15/investing/federal-reserve-janet-yellen-house-testimony/index.html?iid=EL)

[Cebu_4_2]

Will Janet Yellen delay rate hike? Until that happens, the commodities selloff may make Janet Yellen's job tougher. The Federal Reserve chief has signaled an interest rate is coming later this year (http://money.cnn.com/2015/07/15/investing/federal-reserve-janet-yellen-house-testimony/index.html?iid=EL), but lower commodity prices will only put inflation further behind the central bank's targets.
"If commodity prices are going to hell, that's going to hurt inflation. How does the Fed raise rates?" said Block.
Kelly disagrees, pointing out that U.S. inflation readings are looking better and jobs growth remains solid.
"I think it makes it more complicated, but it shouldn't change the Fed's decision -- if it's thinking clearly," said Kelly.
Related: Yellen still thinks Fed will raise rates this year (http://money.cnn.com/2015/07/15/investing/federal-reserve-janet-yellen-house-testimony/index.html?iid=EL)

Fuck the Fed

[Ponce]

Don't forget to remove your silver out of the boat before it sinks.......

V

[BrewTech]

Everything is sinking. Some entities just don't know it yet.

[ximmy]

Is the boat sinking
Yes! Yes it is...

[Horn]

That's just the part they put aside for quarterly bonus.

Move along nothing to see here.

[Shami-Amourae]

http://s4.postimg.org/wrnboagv0/1439107375234.jpg

[Shami-Amourae]

http://s13.postimg.org/o1vogfp9z/1439107406595.png



2. The Final Jubilee


>In Judaism and Christianity, the concept of the Jubilee is a special year of remission of sins and universal pardon. In the Biblical Book of Leviticus, a Jubilee year is mentioned to occur every fiftieth year, in which slaves and prisoners would be freed, debts would be forgiven and the mercies of God would be particularly manifest
>In the Holy Bible, Leviticus 25:8-13 states

>And thou shalt number seven sabbaths of years unto thee, seven times seven years; and the space of the seven sabbaths of years shall be unto thee forty and nine years. Then shalt thou cause the trumpet of the jubile to sound on the tenth day of the seventh month, in the day of atonement shall ye make the trumpet sound throughout all your land. And ye shall hallow the fiftieth year, and proclaim liberty throughout all the land unto all the inhabitants thereof: it shall be a jubile unto you; and ye shall return every man unto his possession, and ye shall return every man unto his family. A jubile shall that fiftieth year be unto you: ye shall not sow, neither reap that which groweth of itself in it, nor gather the grapes in it of thy vine undressed. For it is the jubile; it shall be holy unto you: ye shall eat the increase thereof out of the field. In the year of this jubile ye shall return every man unto his possession.

>In Judaism the Jubilee Year is currently not observed in modern times because it only applies when representatives of all twelve tribes have returned to Israel and a majority of the world's Jews live in the Land.


https://en.wikipedia.org/wiki/Jubilee_(Christianity)

(https://en.wikipedia.org/wiki/Jubilee_%28Christianity%29)

(Bibi calling on all Jew's to return to Israel.)


http://www.rt.com/news/232535-netanyahu-european-jews-israel/
(http://www.rt.com/news/232535-netanyahu-european-jews-israel/)
http://www.theguardian.com/world/201...gration-israel (http://www.theguardian.com/world/2015/feb/16/leaders-criticise-netanyahu-calls-jewish-mass-migration-israel)
http://www.telegraph.co.uk/news/worl...to-Israel.html (http://www.telegraph.co.uk/news/worldnews/big-question-kcl/11417634/How-should-Europes-Jews-respond-to-Netanyahu-call-for-mass-migration-to-Israel.html)
http://news.yahoo.com/netanyahu-urge...111012753.html (http://news.yahoo.com/netanyahu-urges-jews-move-israel-copenhagen-attacks-111012753.html)
http://www.foxnews.com/world/2015/02...dly-attack-in/ (http://www.foxnews.com/world/2015/02/15/israeli-leader-calls-for-massive-jewish-immigration-after-deadly-attack-in/)
http://www.dailymail.co.uk/news/arti...unded-you.html (http://www.dailymail.co.uk/news/article-2955293/French-PM-slams-Israel-s-call-Jews-leave-amid-fears-terror-attack-tells-France-wounded-you.html)
http://www.ynetnews.com/articles/0,7340,L-4626738,00.html

(http://www.ynetnews.com/articles/0,7340,L-4626738,00.html)

>After two shootings in Copenhagen, PM says cabinet to discuss $46 million plan to encourage Jewish immigration from Ukraine, France and Belgium; Bennett: European Jews should know Israel is their home.

The Final Jubilee
>The Final Jubilee Year is 2015-2016
>The final Jubilee will begin on the Day of Atonement in the fall of 2015. There will have been 40 complete Jubilee cycles following Christ’s death. Isn’t that interesting? There are so many 40’s in the Bible and 40 is a significant number to God. The 40 Jubilees after Christ’s death bring us to the end of probationary time. After the middle of 2016 there will be no more opportunities for people to repent and receive eternal life.


http://www.markbeast.com/70jubilees/jubileedates.htm