I thought about buying some pre 65 rolls but their sold out or holding back don’t know but none to buy. So I bought a few other things then I found I had to call my bank cuz they’re putting limits on how much you can spend to 5k. So had to call the bank to approve it. That is one of the reasons I’m not going to stop buying when it gets harder and harder to buy anything on a bank card.

And do they think Trump or the Republicans stopped caring about the mid terms or being blamed for a long drawn out war and the stock market selling off?

If they don’t then we really have a problem.

Three Reasons Gold Just Collapsed & Why This Isn’t 1982!

H/T TO BULL THEORY FOR CHART

It was the worst week for gold in 43 years. A stunning 10.5% collapse that took the price from over $5,000/oz to just under $4,500/oz in five trading days. You have to go all the way back to 1982 to find a weekly drop of this magnitude. But what makes this crash so historically unusual; and so profoundly bullish, is not its size, but its context.

Every major gold crash in modern history has been driven by a clear and present fundamental threat;

• In 1982, it was the Federal Reserve hiking interest rates close to 20% to crush inflation.
• In 2013, it was the Fed signaling the end of quantitative easing.
• In 2022, it was the most aggressive rate hike cycle in four-plus decades.

In each case, the narrative made sense. The macro-environment was hostile to gold, and the price reacted accordingly.

This time is different. The backdrop for this crash is not bearish; it is wildly bullish. A hot war is raging in the Middle East. Oil refineries are burning. The U.S. has deployed three carrier strike groups to the region. Inflation is rising.

These are the very conditions in which gold is supposed to thrive.

And yet, it just posted its worst performance since the peak of the Volcker era. This is not a fundamental story. It is a mechanical one. And that is the key to understanding what comes next.

Let’s Dig Into The Following:

• A Historic Anomaly: Gold just posted its worst weekly drop in 43 years, a 10.5% decline to $4,490/oz, despite a fundamentally bullish geopolitical and inflationary backdrop.
• Mechanical, Not Fundamental: This was not a crisis of confidence in gold. It was a mechanical liquidation driven by three simultaneous forces: 1- a surging U.S. dollar, 2- forced selling from commodity funds covering oil margin calls, and 3- a Chicago Mercantile Exchange margin hike that flushed out leveraged players.
• The 1982 Precedent: The last time gold had a week this bad was in 1982. In the 12 months that followed that crash, gold rallied 50%.

Climbing the wall
https://www.railpictures.net/photo/894947/

Warfare

The new war machines remind me of what I heard about Viagra. Once they have it they get eager to go try it out on someone. I hope not less they have to but that’s not how it really goes.

Kratos: Building the High-Tech Future of Air Combat

Kratos Defense & Security Solutions (NASDAQ: KTOS) is carving out a niche as a high-tech innovator focused on the next generation of unmanned combat aircraft. The company is a market disruptor with a portfolio of high-performance, attritable jets, including the XQ-58A Valkyrie. These systems are designed to fly as “loyal wingmen” alongside manned fighter jets, acting as force multipliers by scouting, deploying weapons, and drawing enemy fire at a fraction of the cost of traditional aircraft. This strategy addresses the Pentagon’s need to generate mass against near-peer adversaries without breaking the budget.

That guy knows a lot and speaks very well, he’s Asian Guy but for real … I think!

I love it when a prognosticator goes out on a limb with an imminent prediction: you get quick validation of their acumen.

Gotta hope he’s wrong about escalation. Pray for an offramp for the war … some sanity.

No ground troops Trump!

Simon also pointed out that Bitcoin went up  because people leaving  due to war that country would of had their gold confiscated so they sold it for a few dollars under spot and bought bitcoin in self custody and get their money out of the country.

In the US you can give a relative when your still alive 19k  a year. Married 38k a yr without them having to fill out a gift tax. Further when it comes to gold or silver if they they just got it they don’t have any capital gains.

Ps I remember how you prepared. Maybe add a garden to that property.

I’m having my other daughter come over after work today she doesn’t know why. She and her husband are thinking about moving to a more rural area. I’m going to talk to her about that and then give her something. To follow the yellow and silver brick road right out of town.

The video was interesting but he works in colleges not involved in real time following the money the real reasons like Simon knows. Like Venezuela, they just went in, no one hurt. Turns out Russia, China Iran already knew about it. The US knew they weren’t going to interfere and there were insiders in Venezuela. That American was getting weak financially .m their own doing,. So war and what Trump changed the name to department of war. That to understand the war now to look back at the Iran contra. Did they say it was about oil then? That BP was taking 80 percent of their oil until they nationalized it? All of a sudden  there’s a conflict and who set it up. It gets more shocking on where the money travels like all the way to drugs run by the CIA somewhere else. That it’s making this country worse not better and how it’s contributing to the dedollarization and what the Brics are doing.   That our military weapons made depends on materials from Russia and China. That’s not to mention what would happen if China cut us off of all supplies. It gets more detailed than that. This war was by design but not because they are worried about nukes.

I posted a short clip with this guy a couple of days ago. Can’t wait to watch. I think he’s got it figured out.

When it happens they won’t be able to get gold fast enough.

Murphy: “If The Dollar Starts Sinking, It’s Gonna Be Fast”

I was wondering what happened to you. What a disaster and all the islands. I’m glad your house survived.

Red Horse
https://www.railpictures.net/photo/894923/

I get knocked offline for a week and come back to this?  Storm damage, 111 power poles downed on Big Island.  Glad I don’t trade.  You guys did a lousy job of keeping the price up while I was gone.  🙂

Perhaps the most intering and informative video you’ll ever watch

I looked for a answer I may have got it.

For those war savvy you might be able to follow this better than me. But what I did understand is what he said about gold.

That gold going flat or down while oil is up. The insiders know this war is not going on forever, other wise gold would be going up with oil in sinc.

With things building up in ME. The only thing that can take the metals down now like this anyways is the economy. It’s effecting more than metals like a black hole sucking in all our money pretty much globally.

Just in case the speculators are wrong about the duration what are they doing? Trying to get people to lock themselves into duration bonds. Not that having some aren’t bad to own vs zero interest banks but if the market suddenly bottomed or came roaring back will they have cash on hand or will it be tied up?

Lol

I guess those Belgians will just have to buy a lot more!

LoL

I wouldn’t worry too much about those rising rates. They’ve got a machine, a magic paper machine to bring down those rates … and it works too, for a while.

Really a bad time for those rising rates with all the Fed paper to be renewed. I guess those Belgians will just have to buy a lot more!

Cheers

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