NYC Journal

[Calzone]

Jack hammers and heavy equipment in my hood.

Looks like I might have to pitch a bitch to get my dead-end repaved. The previous Con Ed contractor used my dead end as a staging area for heavy equipment, of course this caused mucho wear and tare on an already old street that needed repaveing.

The workers started early and are working late. The noise is mucho loud.

Gold lost some momentum today after setting a new Intra-Day high.

Cal

 

[Calzone]

A crisp night in the Hudson Valley.

It is calm with no flood of medical appointments.

Noisy though with the repave during the day.

Cal

 

[Calzone]

An expected FED rate cut is acknowledging that the economy is slowing, the 22K new jobs number is showing an economic contraction, yet the markets are making new higher highs…

The French government has failed, and Europe’s second largest economy has a glum outlook.

Seems like bad news does not effect the U.S. markets anymore. They say shipments from China are down 30%, then the gold futures today approach breaching $3.7K.

Bubble?

When will the trap-door open?

Cal

 

[Calzone]

Gold has a new Intra-Day high of $3709.70.

The uncertainty of FED independence is speeding up gold’s move to $4K in 2025, and $5K gold in 2026.

Did you know that equity markets hate uncertainty, but there is so much bad news and bad possibilities that it seems people and even professionals have become immune.

It will be mucho rude when people either realize or wake up. Eventually this bubble will pop.

Cal