Zero Hedge reports on the CPI (Consumer Price Index) data that was released this morning. While the consensus was for a 0.3% increase month over month, it came in at just 0.1%. Since this is the final CPI report of the year, the consensus for a year over year increase was 7.3% but came in at 7.1%. The slight cooling effect, according to the Z.H. article can be attributed to lower energy and used car prices.
It's true that gas prices have come down dramatically since the highs we saw this summer. Here in Canada, one liter of gas surpassed $2. I filled up on Saturday and the price had dropped to $1.33 per liter. I read somewhere this is being attributed to supply and demand. According to an article on ussanews.com, used car prices have fallen over 14% year over year and a whopping 10% in November alone.
According to Cos Automotive's Manheim Used Car Index, the year over year decline is the largest it's ever recorded. Yet, the index also points out that used car prices are still 58% higher since the start of the Covid 19 pandemic.
At the start of the pandemic here in Canada, a liter of gas was just under a dollar. While the price has come down significantly, it is still about 33% higher than what it was in the spring of 2020. While inflation has cooled down a bit, I am sorry to say it is still with us.
I watched Mike Maloney's latest video on Youtube titled 'Warning To The FED - Part 1' this morning and in it, he once again brings up graphs to prove we are headed in the wrong direction if the FED keeps raising rates. He also proves that the rate hikes since last spring are the most aggressive on record!
Maloney is a successful author and precious metals dealer and his Youtube channel has over 680,000 subscribers. When he speaks, people listen. I recommend watching his latest video. It's over 45 minutes long and jam packed with info so make sure you have a coffee ready for this video. You're going to need it. Maloney is warning the FED to be careful with raising interest rates as it could cause an implosion so severe that "it could send us back to the dark ages".
And right on cue, gold and silver reacted according. Here's silver's catapult this morning...
It's coming back down a bit for now. It's nice to see silver back in the $23 range. Now, the big question is 'what will the FED do after the end of the latest FOMC meeting tomorrow?'. Will they go for broke and raise by 75 basis points or do a so-called 'soft pivot' by raising 'only' 50 basis points. Or, will they shock and do something completely different than what everyone expects? We'll have to wait until tomorrow afternoon at 2 pm when Jerome Powell holds his scheduled press conference to find out.
I also follow Bix Weir's Youtube channel. The information he's digging up suggests the silver / gold manipulation is coming to an end and soon, possibly as little as three weeks from now. He also presents the facts. I suggest checking his latest video, 'Silver Alert! 3rd Quarter OCC Data Shows Bank of America Closing Massive Silver Lease'.
Clif High suggested in a recent video that something big was going down on December 13th to the 15th. This day has finally arrived and what's the big news of the day? The last CPI print of the year has been released... AND... Sam Bankman-Fried has been arrested in the Bahamas and is being processed for extradition to the U.S.A., and tomorrow, news from the FED. Things might get messy from here to the end of the week. As Mike Maloney recently stated, "Fasten your seat belts and brace for impact".
You've probably noticed Sam Bankman-Fried prefers to be called SBF. There's a reason for that. He didn't want his parents' names brought out into the open. When you follow the name trail and their connections, it all leads to the Democrats. The same goes for former Alameda Research CEO Caroline Ellison, the 12 year old look-a-like wannabe. Dig deeper into her family's connections and you get the same thing. SBF's arrest could bring down the Democ-rat run U.S. government.
Just speculating....
I recommend getting your hands on some precious metals. For most of us, I'm referring to silver. The chart above shows how cheap the spot price is but the retail markup has shot through the roof. Over at silvergoldbull.ca, the price of a random year Silver Maple one ounce coin, if paid by credit card is $42.94 CDN. That's almost $20 above the spot price (at time of writing). That strongly suggests demand is very high. When I bought some silver in 2014, the markup was just 79 cents to 99 cents per ounce.
I miss those days!
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