ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 05 07:53

France: Protestors Rise Up In Their Millions Against Ruling Class

French protestors are rising up in their millions against a ruling class determined to take away their rights. There is anarchy on the streets of France as the mainstream media continues to suppress the scale of events.

Jul 05 07:48

France forces through labour bill amid new protests

France's controversial new labour laws look set to be pushed through parliament today without a vote, as demonstrators get ready to protest once again.

Jul 05 07:43

Is it Time for a New Deal Federal Jobs Program?

Bernie Sanders advisors Bill Black and Stephanie Kelton tell Paul Jay that the public-private partnership model is a disaster, and increased infrastructure spending combined with austerity would throw the economy into a recession

Jul 05 07:43

Gold, Platinum, and Silver Speak To Us!

Jul 05 07:05

Nobel laureate GMO promoter presided over firm that lost billions

The letter from over 100 Nobel laureates attacking Greenpeace for opposing GMOs in general and GMO golden rice in particular has become mired in a new scandal.

Last week the publicity stunt was shown to have links to Monsanto. Representatives of NGOs – including Greenpeace, the subject of the laureates’ attack – who tried to attend the press conference about the letter were astonished to find their way blocked by none other than Jay Byrne, Monsanto’s notorious former communications director and president of the PR company V-Fluence, which is known to work for Monsanto. He is on record as having identified Greenpeace as a target for attack as far back as 2010.

Knowledgeable critics also denounced the letter on the grounds that most of the signatories had no expertise in relevant fields such as toxicology, agriculture, or risk assessment.

Jul 05 06:42

Markets sing the post-holiday blues as the ‘Brelief’ rally fades

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Key market gauges
S&P ESU6, -0.51% and Dow futures YMU6, -0.48% show those gauges on track to open in the red, after they scored their biggest weekly gains of 2016 last week.

Europe SXXP, -1.68% is also falling, building on yesterday’s declines, though the U.K.’s FTSE 100 UKX, +0.24% has turned positive. Asia closed mostly down, though Chinese stocks SHCOMP, +0.60% bucked the negative trend as President Xi Jinping called for state-owned enterprise reform.

Oil CLQ6, -3.25% has been slumping, with blame going to supply worries and downbeat views from a couple of banks. The Brexit-battered pound GBPUSD, -1.6706% fell to a fresh 31-year low, but it bounced back a bit as the Bank of England’s Mark Carney spoke. The ICE U.S. Dollar Index DXY, +0.17% is little changed after a choppy morning. Gold GCQ6, +0.88% and silver SIU6, +1.52% are both higher, after silver touched a two-year high on Monday. Government bond yields are sinking to record lows.

Jul 05 06:30

Brexit Puts The Squeeze On Central Banks

Brexit puts squeeze on central banks to fix financial jitters
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On Tuesday, the central bank in its Financial Stability Report took steps to shore up the U.K. economy, cutting the countercyclical buffer for banks to 0% from 0.5%. The move should allow banks to lend an extra £150 billion ($199 billion) to U.K. businesses and households to keep the economy flush with credit, the bank said.

U.K. seen sliding into recession
Carney also warned, however, that the first Brexit risks “have begun to crystallize.” Concerns over the future of the U.K. economy post-Brexit have been a key topic since the referendum was announced in February. Since the ballot in June, GDP forecasts for the country have been consistently slashed.
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Investors may get a hint of what’s coming when ECB President Mario Draghi speaks in Frankfurt on Wednesday at 9 a.m. Central European Time, or 3 a.m. Eastern Time.

Jul 04 15:47

GOLD to Hit ALL time High Within Months

Jul 04 12:58

Dr Paul Craig Roberts: BREXIT, WHAT NEXT ?

Hopefully, a result of the Brexit will be the breakup of the European Union and NATO

Britain’s exit from the European Union (EU) could probably prevent the United States from launching World War III, says Dr. P C Roberts.

Jul 04 12:44

George Soros Goes to War on China Economy

Jul 04 12:42

Keiser Report: Debt Balance Sheet

Jul 04 12:27

ALL WARS ARE BANKERS' WARS!

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits." -- Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain

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Jul 04 11:17

Arizona Republican Suggests “Sterilizing Women As A Condition For Receiving Food Stamps”

The far-right former lawmaker who helped push Arizona’s “papers please” immigration law has resigned as a top official with the state GOP after making comments about sterilizing poor women. The state Democratic Party recently highlighted comments made by Russell Pearce, a former state senator, on his radio show. Discussing the state’s public assistance programs, Pearce declared: “You put me in charge of Medicaid, the first thing I’d do is get Norplant, birth-control implants, or tubal ligations…Then we’ll test recipients for drugs and alcohol, and if you want to [reproduce] or use drugs or alcohol, then get a job.”

Jul 04 10:33

Something Huge Is Coming From Japan

Jul 04 10:13

Why Buy Bonds When You Can Buy Gold?

Jul 04 09:51

Britain's FTSE Index Hits 10-Mo High Despite Brexit Hysteria

London’s FTSE 100 rose for a fourth straight session on Friday to reach its highest level since last summer, recovering from the initial negative impact caused by the UK’s vote to leave the EU in a referendum last week.

Jul 04 08:59

GREENSPAN TELEGRAPHS GOLD CONFISCATION

Alan Greenspan recently threw up his hands and proclaimed: America should return to a Gold Standard.

Former Federal Reserve Chairman Alan Greenspan was just a guest on Bloomberg news and recommended that the U.S. return to a gold standard! He then said, “if people call me a gold bug, they should ask themselves why do central banks own gold now?!”

I believe this a warning message for those owning gold: The banksters are going to call-in their gold.

Jul 04 07:43

ALERT! Silver Bull Is Raging!

Jul 04 06:56

London Stock Exchange set to merge with Germany's Deutsch Boerse - despite Brexit

THE London Stock Exchange (LSE) is set to merge with its German equivalent Deutsche Boerse to create a European exchange giant - despite concerns over how the pairing would work post-Brexit.

Jul 04 06:50

EU demands Britain pays £12 BILLION into Brussels budget despite Brexit vote

BRITAIN will pay £12 billion into Brussels coffers next year even though the public has voted to leave the European Union (EU).

The UK’s bill for membership of the Euro club will go towards bankrolling a Brussels border and coast guard, a new Agency for Asylum and the groundwork for an EU army.

The eye-watering figure has been revealed in a new draft budget released by the EU Commission and equates to a staggering £230million a week.

Jul 04 06:16

CON GAME COLLAPSING, SILVER SOARING

Jul 04 05:57

UK to slash corporation tax to cushion hit from Brexit

Britain has announced plans to cut corporation tax to less than 15 percent in an attempt to cushion the shock of the country's decision to leave the European Union, raising the prospect of competitive tax cuts across the bloc.

Finance minister George Osborne told the Financial Times he wanted to build a "super competitive economy" with low business taxes and a global focus.

The new rate, which was announced without a target date, compares with Osborne's previous target to cut corporation tax to 17 percent by 2020 from 20 percent now. It compares with an average of 25 percent among most developed economies

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Jul 03 17:41

Sweden’s Largest Gold and Silver Dealer’s Bank Accounts Closed, Shut Out of Banking System!

With European capital scrambling into gold following BREXIT, the cartel just played their hand.

The plan this time is NOT door-to-door confiscation, but simply to SHUT DOWN the best gold and silver dealers the moment the public begins to wake up…

Jul 03 17:28

World queues up to win trade deals with Britain after Brexit: US clamouring for a deal while talks are set to begin with Australia, South Korea and India

In the wake of Brexit, nations outside Europe are eyeing opportunities to increase trade with Britain for the first time in decades.

Jul 03 17:27

How Machines Destroy and Create Jobs

Jul 03 16:50

The global monetary system is collapsing…

Jul 03 16:31

The Decline of Coal in Three Charts

Jul 03 15:28

My Evolving Disenchantment With Capitalism

Like many undergraduate students who came from a working class background I went through a stage wherein I adopted many of the values espoused by my “left” leaning professors. I have to admit I was also profoundly influenced by a book titled Sweden: the Middle Way by Marquis Childs that was touted to be the way of the future by many leading intellectuals in the academic world.

Jul 03 11:00

US' Largest Private Coal Miner To Layoff 80% Of Staff Due To "Obama's Ongoing Destruction"

Robert Murray, the controlling owner of Murray Energy - America's largest private coal miner - said the potential layoffs were "due to the ongoing destruction of the United States coal industry by President Barack Obama," adding that electing "friends of coal" like Mr. Trump were the only hope the industry has.

Jul 03 10:47

Chairman of Greece’s Jetoil Found Dead, Police Spokesman Says

Kyriakos Mamidakis, chairman of Greece’s Mamidoil-Jetoil Greek Petroleum SA that sought bankruptcy protection last week, was found dead at his home near Athens Sunday, a Greek police spokesman said.

Mamidakis was found with a gun next to his body in what appears to have been an act of suicide, the police spokesman said, requesting anonymity in line with policy. Calls to the company were unanswered.

Jul 03 10:12

BREXIT COINCIDES WITH INDIA'S AND PAKISTAN'S ENTRY INTO THE SCO

The fall of the Berlin Wall in 1989 laid down a US unipolar geo-strategy and toxic, financial globalization, that sowed monstrous inequality at the local/regional/global levels. This was harnessed by mass unemployment and suffocating austerity.

Half a century after dangerous period of deregulation under Thatcher and 27 years after the fall of the Berlin Wall, Brexit marks the start of a sorrowful route to de-globalization [1]. This involves geostrategic changes that emphasize the dynamic trend of multi-polarity.

Brexit shifts a geostrategic plate and this will have serious consequences for the new global order, now defined as having three poles, with the US, Russia and China occupying one each.

In the short and medium term, Brexit ranks of equal importance to the fall of the Berlin Wall.

Jul 03 10:02

EU Basics – Your Guide to the UK Referendum on EU Membership

"...the EU is the project to abandon all national sovereignty and borders within and melt away all European nations that don’t succeed in exiting in time, into a merged, joint new single country, with one central European government, centralised European monetary policy, centralised European fiscal policy, centralised European foreign policy, and centralised European regulation, including of financial markets and banking. This United States of Europe, an undemocratic leviathan that the European peoples never wanted, is the culmination of the much repeated mantra of "ever closer union“.

"...Big business and big banks, as well as central bankers and the IMF, constitute the financial elite that is behind this purposeful concentration of power – giving ever more power into the hands of ever fewer people. The undemocratic nature of EU institutions has reached such an extent that I have heard a recently retired member of the ECB governing council in private confessing that his biggest worry is the undemocratic nature and extent of the ECB’s powers, which have increasingly been abused for political ends. These facts have been drowned out by the constant drip of propaganda emanating from the powerful elites behind the creation of the United States of Europe.

Jul 03 09:27

ChristianMingle Forced to Service Gays, Shaken Down for $500k

ChristianMingle has been shaken down for close to $500,000 and forced to service gays -- both literally and figuratively.

Jul 03 08:49

Desperately Trying to Salvage Canada-EU Trade Pact after Brexit, EU Escalates Assault on Democracy

The European Commission, it seems, will never learn. Despite the existential crisis caused by Britain’s decision to leave the EU and the serious questions being raised about the EU’s gaping lack of democratic legitimacy, the European Commission just escalated its assault on European democracy. This week the Commission announced that it would ratify CETA, the controversial trade deal between Canada and the EU, as a unilateral EU agreement, not as a so-called mixed agreement. What that means is that the national parliaments of the 27 remaining EU member states will have no influence whatsoever over the approval process, even though (or more likely because) the trade agreement will have huge, sweeping effects on the society, governance, and economy of all the nations concerned. In other words, the EU’s democratic deficit, one of the decisive factors in Britain’s decision to sever the cord from Brussels, just got a whole lot bigger. Yet it was barely reported in the press.

Jul 03 08:02

Uh-oh! Company's coming. Get those Philly homeless out of sight.

It's uncomfortable to walk past. It's dirty. We wouldn't want Democrats coming to town to be confronted with the crisis of humanity on our streets.

But if we want these people to move somewhere else, we must first admit that for Philadelphia's homeless, somewhere else so often means somewhere else on the street.

If by some miracle the 50-some souls sleeping outside the Convention Center all raised their hands and said, "Yes, we will come inside," the truth is that we likely would have nowhere to send so many of them.

Jul 03 07:57

Lord Rothschild Demands Britain Stay In Europe

Rothschild, who chairs the RIT Capital Partners investment trust, refers to his family businesses which originated with five brothers setting up the “first truly international banking system,” operating from London, Paris, Vienna, Naples and Frankfurt at the end of the 18th century.

Webmaster's Commentary: 

Oh, so the world's greatest money-junkie demands Britain stay in the EU. He DEMANDS it, like he thinks he is the true ruler of the world!

Small point his Imperial Rothschildness should recall. The Templars set up the world's first international banking system in the 12th Century, and like that of the Rothschilds, it was based on debt. We know what happened to the Templars when rulers realized they could never pay their way out of debt. Maybe it is time for a repeat!

Jul 03 07:27

How bad are the bankers really? - Worse than you can imagine

Here's how big banks work today:

1. Steal with both hands
2. Pay back a small share of the profits in fines
3. JP Morgan has already given back $36 billion which means the profits from their fraudulent activities are many, many times that amount.

"They go from one crime to another. No one gets prosecuted."

"All you have to do it follow the money. Everyone has been paid off."

Jul 03 07:22

'Perfect Storm' of Anti-Russian Sanctions Punishes Italian Economy

The billion euros in contracts secured by Italian Prime Minister Matteo Renzi at the St. Petersburg International Economic Forum (SPIEF) two weeks ago is a paltry sum compared to the damage inflicted on Italy by the sanctions war between the EU and Russia.

Jul 03 07:03

Kuwait Plans to Sell as Much as $9.9 Billion in Dollar Bonds

> Kuwait also plans to raise up to 2 billion dinars locally
> Kuwait looking to plug budget deficit of 9.5 billion dinars

Kuwait plans to raise as much as $9.9 billion from international debt markets to help plug its budget deficit as lower oil price squeezes public finances.

The OPEC member also plans to borrow as much as 2 billion dinars ($6.6 billion) from the domestic market>>>

Jul 02 21:52

Trump better choice by far – Alan Sabrosky

An exclusive interview with Dr. Alan Sabrosky

Q. Does a US-inspired NATO-generated Cold War climate already exist?

A. Not yet, but it is heading that way. Watch for it to intensify under Clinton, and to ameliorate under Trump.

Jul 02 18:36

America Should Exit From NATO and the National Security State

snip: What did U.S. and NATO officials think — that people would simply remain where they were so that they could get blown to bits with the bombs that were being dropped on them, by the U.S. assassination program, or by the massive civil-war violence that came as a result of the U.S. and NATO regime-change operations?

People don’t ordinarily behave in that fashion. Most people prefer to live rather than die and will do anything they can to survive. That’s why those refugees fled to Europe— to escape the horrific consequences of interventionism by NATO and the U.S. national security state in the Middle East.

I wonder if deep down, those who are lamenting and groaning about the Brexit vote realize that: If there had been no U.S. invasion and occupation of Iraq, no regime change in Libya, no U.S. and NATO bombing and interventionism in Syria, there wouldn’t have been a massive refugee crisis in Europe and, almost certainly, a rejection of Brexit by a majority of British voters.

Jul 02 17:51

What do famous people think about Zionist Jews? (100 MINS)

A series which took the Internet by storm of people you will recognise from Politicians, Journalists, Authors, Actors, Musicians and many more speaking the truth about Zionism.

Jul 02 16:33

Fears new Brussels law that will 'crucify' UK ports may STILL apply post-Brexit

Industry chiefs fear a controversial new law will drive many of our maritime businesses to the wall, putting more than 300,000 jobs at risk nationwide.

The hotly contested Port Services Regulation has been described as the death knell for Britain’s shipping industry and was strongly opposed by business leaders.

Its implementation was viewed as such a powder keg issue in the UK that senior bureaucrats put back the announcement on its future until after the June 23 referendum.

But this week the all-powerful EU Commission revealed it will plough ahead with the regulation amid warnings the Brexit vote may not exempt British ports from its punitive measures.

A spokesman for the Department for Transport said it will be "for the next administration" to decide whether or not to block the new law.

Jul 02 16:26

Brexit Vote Brings a 10-1 Down Volume Day

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Jul 02 16:07

Biotechs Building Base?…Or Bursting Bubble?

Jul 02 15:16

Who Owns Your Body?

“When we give government the power to make medical decisions for us, we in essence accept that the state owns our bodies.”
? Ron Paul

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Jul 02 09:41

Central Banks Are the Problem

Jul 02 09:18

The First Amendment, BDS and Third-Party Candidates

I am still against choosing to be ruled but it's interesting that only third party candidates can support BDS

Jul 02 08:34

FLASHBACK - How To End TBTF? Do What Vietnam Does: Sentence Bankers To Death By Firing Squad

What is funniest, of course, is that there is a gloriously simple solution to all the world's TBTF problems, one that could be enacted in a HFT millisecond by pulling the trigger, so to speak.

The solution comes from none other than that historic US nemesis, Vietnam, where unscrupulous financiers don't just go to jail. Sometimes, they get death row.

Webmaster's Commentary: 

Use little tiny bullets! Repeat as needed.

Jul 02 07:36

If You Ever Thought Your Vote Counted, Try Homelessness

A whole lot of armchair politico-ing going on, but it’s still a million miles from justice

Daily, the job of a social worker is to inspire, to show the way, pave some sort of less bumpy path, enlighten, mentor, listen to, value, drive, serve, formulate, plan for, seek money with, engender kinship, provide case managing, and reflect upon the lives of some amazingly resilient survivors.

Jul 02 07:36

UK Should Keep Access To Common Market: Analyst

The United Kingdom should negotiate “the best possible deal” with the European Union to maintain its access to the common market to secure its financial investments, says a political commentator in London.

Jul 02 07:26

French unions reject government amendments to labour law reforms

Trade unions have strongly rejected the French government’s new amendments to controversial labor reforms, which have sparked months of nationwide violent protests across the European country.

Jul 02 06:37

Trump better choice by far – Alan Sabrosky

Cold War Climate to intensify under Clinton, and to ameliorate under Trump.

Q. As an American, Alan, how can you be enthusiastic about America’s choices of US Presidential candidates in 2016?

Jul 02 03:21

Markets Right Now: US stocks end strong week with tiny gains

The U.S. market ended the week up 3 percent Friday, its biggest weekly gain since November.

(*All the number crunching , and book cooking , and they could only budge the market 3% ?)

Jul 02 03:02

Brexit is just the beginning

Jul 01 15:47

12 Major Retailers Closing Stores Like Crazy

Jul 01 15:45

The global monetary system is collapsing

Jul 01 13:53

Homeless count up: Report shows Hawaii Island increased by 153

The Hawaii Point-In-Time Count, an annual survey of the state’s homeless population, was released Wednesday, and the results were a mixed bag of both encouraging and disconcerting numbers.

The homeless tally statewide increased from 7,620 to 7,921, a jump of 301 homeless individuals, or a total increase of 4 percent. That movement is moderate, however, when compared to leaps made in the previous two years. The homeless population rose by 583 individuals (9.2 percent) between 2013-14 and by 702 individuals (10.1 percent) between 2014-15.

Whether the inflated numbers can or should be spun as a positive simply because they’re expanding more gradually than before is open to discussion.

Jul 01 13:36

Keiser Report: Governments Hate Keynesianism

In this episode of the Keiser Report from New York City, Max and Stacy discuss student debt slaves and municipal debt burdens.

Jul 01 12:51

Apple Store Destroys Iconic NYC Computer Shop

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Jul 01 12:19

European Crisis Explodes: Italy Bank Bailout Aims to Avoid “Panic, Run On Deposits”

Italy Granted “Extraordinary ” €150BN Bank Bailout Program To Prevent “Panic, Run On Deposits”

by Tyler Durden

As we noted today, the rumors of an Italian bank bailout, which started on Monday morning, and were promptly shot down by Merkel the next day, got louder after a Reuters report that the Italian government is considering more creative ways to inject liquidity into Italy’s banks. However that was just an appetizer to a main course, which came later today when as the WSJ reported citing a spokeswoman for the European Union’s executive arm that the “European Commission has authorized Italy to use government guarantees to create a precautionary liquidity support program for their banks.”

How did this happen so quietly under the table and without Merkel’s blessing? WSJ says that the program was approved under the bloc’s “extraordinary crisis rules for state aid.”

And here we thought that Italy’s banks are actually doing so very well. Oh wait, no we didn’t.

Webmaster's Commentary: 

This financial contagion wil not stop with Italy.

With the pressures on Deutsche Bank right now, it is a question of when that financial institution is also on the skids. As reported yesterday at the wsj.com :

drops after German bank fails Fed stress test and IMF says it’s the riskiest lender in the world It’s a superlative Deutsche Bank AG could have done without. The International Monetary Fund called the German bank the riskiest financial institution in the world as a potential source of external shocks to the financial system. That labeling came right after a U.S. banking unit of Deutsche Bank was one of just two banks to fail the Federal Reserve’s “stress test,” an exercise measuring how 33 banks would fare in the event of another financial crisis. The IMF report helped send the bank’s stock Thursday to its lowest price in more than 30 years, as shares already were reeling from the U.K.’s vote to leave the European Union. Deutsche Bank, Germany’s biggest lender, is struggling to return to full-year profitability amid an overhaul to boost capital cushions and cut jobs and expenses. The potential financial and economic upheaval from the Brexit vote could further complicate the bank’s efforts to sell assets and stabilize its core businesses. Deutsche Bank shares closed down at €12.32, and are now down about 45% this year. Deutsche Bank and other banking shares had plummeted Friday and Monday in the aftermath of the U.K. referendum to leave the EU. The IMF said that “among the [globally systemically important banks], Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse.”

Jul 01 11:00

Ukrainian NGOs Lobbied US Congress for Anti-Russian Sanctions

Lifenews has succeeded to discover that behind the lobbying of anti-Russian sanctions and resolutions in the United States stood the non-profit organization "European Center of Modern Ukraine" (ECFMU). This NGO in 2014 transferred $120,000 to US lobbying firm Mercury for the promotion of a number of legislative acts in Congress.

In early 2014, the European Center of Modern Ukraine transferred $70,000 dollars to the account of Mercury. These funds, under the mediation of a specialist organization Max Sandlin, were aimed at lobbying for several resolutions of Congress, including a resolution "condemning the illegal Russian aggression in Ukraine" (S. Res. 378 - adopted by Senate), a resolution supporting the "territorial integrity of Ukraine and condemning Russian military aggression in Ukraine" (S. Res. 370 - was discussed in the Committee on International Relations), and a number of other acts of Congress, in the interests of post-revolutionary Ukraine.

Jul 01 10:22

Sanctions are evidence of the intellectual bankruptcy of Merkel’s Russia policy

Western sanctions against Russia have failed to achieve their goals. Yet Angela Merkel's continued reliance upon them suggests the absence of any sort of plan B.

Despite the fact that parliaments and leaders across the EU, including prominent politicians in her own country, oppose the policy, Merkel continues to insist anti-Russia sanctions be renewed. The fact that the German chancellor is so easily getting her way, without any tangible results, tells us much about how the EU works these days.

Jul 01 08:46

Silver Breaking Out – Soars Through $19!

When silver lagged behind gold’s big move following BREXIT, we cautioned that silver had more overhead resistance to work though, and the cartel would like to see silver remain below $18 prior to Wednesday’s options expiration.

Well, July silver options expiration has come and gone, and silver has been unleashed.

With tonight’s breakaway move (we have a last of $19.33), silver is now up nearly $4 (25%!) for the month of June!

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