Should the US blockade be suspended before Iran's nuclear program is addressed?
Total Voters: 42
Loading ...Food for thought, 1980 $800/oz of Gold peak, Houses were $40,000 divided by $800/oz gold came out to 50 ounces of gold to buy a house.
A gold peak today peak today at $8,000/oz, times 50 ounces would be $400,000 for house a very low price of a house these days in my area.
There were really no ETFs back then for gold that I know of.
Food for thought, 1980 $50/oz silver, times 715 (number of ounces in a $1000 face value bag of junk silver coins) came out to $35,750 that same value of a house in my area back then bc Mtg rates were 18%.
A silver peak today at $600/oz, times 715 would be $429,000 for a $1000 face value silver bag. A very low price of a house these days in my area. There were really no ETFs back then for silver that I know of.
Death drift ( Maxwell House effect) must be written into the code of the algorithm….
$60 is definitely off the table.
Remains to be seen how big of a chunk they take out of everything in the last 90 minutes.
So far it’s about a 1/3rd of the gains across the board.
Looks like the scum isn’t going to let it go without a fight.
First chink in the armor of the day.
But lo and behold the QQQ’s have come all the way back from the dead.
+4
There using employees E cars to deliver packages. They still have the trucks out there too. I wonder if the boomers have something to do with it.
I saw a funny video where one black guy was walking around with a Ps5 playstatiom empty box saying he just bought it. He got robbed over and over and the thing is they’d come out of their gov payed homes to do it and walk back in like there was zero accountability. Lucky he didn’t get shot over it. While the thieves go to court the guy shouldnt tell them the box was empry and make the thief pay for it. Reparations for all the stuff they stole.
NSTRIKE
@NSTRIKE1231
🇺🇸❌🇮🇷 U.S. President Donald Trump has issued a severe direct warning to Tehran, threatening retaliatory strikes against key Iranian infrastructure if maritime commerce in the Strait of Hormuz is targeted.
Trump declared that any attack by Iran on ships passing through the strategic waterway—whether launched by missiles, drones, or other weaponry—will prompt the United States to target and destroy an Iranian bridge or power plant, including facilities in or around Tehran. The statement signals a drastic escalation in deterrence measures aimed at keeping vital global shipping lanes open amidst ongoing regional military tensions.
The direct policy threat highlights the increasing risk to critical energy and transportation networks as international focus remains on securing freedom of navigation in the Persian Gulf.
The trouble is no one is finding the big silver deposits like they used to. I imagine the bigger silver miners will be looking to add to their reserves with buy outs.
The Redheaded libertarian
@TRHLofficial
·
14h
“The world only makes sense if you force it to.”
I wonder if these companies getting depleted are going to be looking to buy up newer mines.
Lukas Ekwueme
@ekwufinance
In January, gold was by far the largest US export.
1. Nonmonetary gold: $10.4B
2. Pharmaceuticals: $8.0B
3. Crude oil: $7.5B
The US effectively narrowed its trade deficit by exporting gold.
Countries were basically saying:
– We like your oil.
– We like your pharmaceuticals.
But we’ll take your gold
Peter St Onge, Ph.D.
@profstonge
Nearly half of Canadian manufacturers are moving production to America.
Three-quarters are moving in the next 2 years.
It turns out “elbows up” means giving Trump all of Canada’s jobs.
Wall Street Mav
@WallStreetMav
·
8m
The largest silver producers on Earth cannot maintain their production levels. Their best silver mines are depleted.
Quote
🤠Weimar Paper Baron🤠
@BankerWeimar
·
1h
Many such cases, I kept sharing their guidance along with issues at KGHM, Hindustan zinc, codelco.
Fresnillo biggest #Silver producer on earth
i went back and checked. the uptrend started mid may. i edited my previous post to reflect this.
I haven’t watched Shanghai for awhile since they started dropping their premiums as silver fell. I think that’s a good sign.
Looks like the breach of $60 has triggered some short covering – as it should.
The PM market is acting surprisingly normal today so far. Really odd.
I want my $150 silver!🤣
is it just me, or has anyone else noticed that the shanghai silver premium (shanghai physical price over western spot futures) has been creeping up over
the last few months? …from just under 10% in mid may to just over 12% now
GDX gapped right above the 20 day, hopefully it can take a run at the 50 day about $4 higher.
Would be encouraging if we could close silver back above $60 on the week.
I always get so hopeful before they rip the rug right out from under me. 🙂
That some of the strength in the shares is in anticipation of earnings? NEM kicks off tomorrow after the close.
Course, that wouldn’t explain any metals strength.
Noticed we didn’t get the usual 9 am selloff today. That’s odd.
Visegrád 24
@visegrad24
Hamas was preparing a series of terrorist attacks in Europe to mark the anniversary of the October 7 attack on Israel
After arrests in Germany, Denmark, the UK, Austria, Greece, and Cyprus, investigators uncovered a widespread network.
Many members hold European citizenship, have large bank accounts, and links to organized crime.
Weapons caches were discovered, including 13 pistols, a Kalashnikov rifle, and over 900 rounds of ammunition. Preparations reportedly began as early as 2019.
During searches, video recordings were found containing confessions about preparing one of the attacks. Four Hamas members in Germany have already been sentenced.
Yike
yeah, not sure how you hold down a live chicken and eat it. I eat them after they’re dead and bled as well.😉
That is a weird passage from the Quran. I’ve never read it, so don’t know much about it.
Looks like GDX will tap the 20 ema today, we got stuffed there last time. Hopefully we can bust up through it this time.
Hopes and dreams.