Thanks for the update on DV.  I hold a small amount, like 300 to keep a eye on it and thought about giving it up a few times.

https://6ix.com/news/dolly-varden-silver-announces-filing-213000223

So can you tell us who that junior gold developer is?

Blizzard? Let’s go Skiing!!
https://www.railpictures.net/photo/892931/

Here’s something to think about in the future if you still have your gold and silver. This is by 2032 although guestimates can say sooner but if you keep going it seems even with unknown slow times, consolidations, it’s not gonna get any cheaper.

Silver prices in 2032 are projected to range from roughly $120 to over $400 per ounce, driven by structural supply deficits, industrial demand (especially in solar/EVs), and increased investment, according to analysts. While some forecasts suggest a more moderate rise to around $128, others predict a potential surge to $400-$430 per ounce. 

Key 2032 Silver Price Forecasts & Drivers:

• High-End Scenarios ($400+): Some analysts predict a rise to $400–$430 per ounce, based on a 45-year technical breakout and severe, long-term supply deficits.
• Moderate Forecasts ($120+): Other projections place the silver price in the $120–$129 range for 2032.
• Market Drivers: The long-term bullish outlook is supported by growing industrial demand, particularly in the renewable energy sector, and concerns about rising prices for industrial processes. 

Disclaimer: These are projections and not financial advice.

Gold Miners Are Blowing Wall Street Away, Margins Are Exploding, & This Tier-1 Asset With 40M Ounces Is The Ultimate Leverage Play On The Rising Gold Price!

The gold mining earnings tidal wave has begun. While the broader market frets about a deflationary impulse, extended stock valuations, and a cracking labor market, the gold mining sector is quietly putting on a clinic, blowing Wall Street estimates out of the water, while maintaining very low valuations and gushing cash.

The combination of soaring gold prices and costs that are rising at a much slower pace is creating an explosion in profitability and free cash flow for the gold miners.

Agnico Eagle Mines ($AEM), one of the best gold mining companies in the world, just gave us a preview of what’s to come, beating on every single metric; EPS, revenue, cash flow, and EBITDA.

They posted a staggering 73.5% operating margin, raised their dividend by 12.5%, and are actively buying back stock. This isn’t a one-off event; it’s a sector-wide repricing.

The miners are gushing cash, and the market has not yet woken up to the sheer scale of this earnings power. But as this trend becomes undeniable, the smart money will look for the most leveraged ways to play the coming gold super-cycle. They always have and this time will be different.

And there is one asset, a 40-million-ounce behemoth in the safest jurisdiction on earth, that offers incredibly explosive leverage to the gold bull that I will detail for you below. Here is what you need to know;

• MINERS ARE CRUSHING IT: Gold miners are reporting blowout earnings, with giants like Agnico Eagle ($AEM) beating on every metric and posting massive 73.5% operating margins.
• MARGIN EXPANSION TIDAL WAVE: With realized gold prices hitting over $4,100/oz in Q4 2025 and Q1 2026 prices trending even higher ($4340-~$5,000), miners are seeing profits explode as cost increases (~12%) are dwarfed by the soaring gold price.
• A HUGE LEVERAGE PLAY: Below I go into great detail about a pure-play gold project in an amazing jurisdiction, and that is one of the largest and highest-grade undeveloped gold deposits on the planet. It is a must read through for the serious gold mining investor.
• BILLIONAIRE BACKED: This gold mining stock is tightly held by the “smartest money” in the resource world, including multiple billionaires and investment firms that I will list below. All of them recognize the project’s generational potential.
• TIER-1 JURISDICTION: This project is located on private land in one of the largest gold-producing states in the U.S., insulating it from the geopolitical risk plaguing other major projects.
• EXPLOSIVE UPSIDE: The project’s NPV is incredibly leveraged to the gold price. At today’s gold prices near $5,000, the value is astronomical.

A gold miners earnings tidal wave is getting ready to crash ashore as early reporting gold miners like AEM are blowing Wall Street away. Margins are exploding, & this one tier-1 asset that I detail below, with 40M ounces, is the ultimate leverage play on this generational bull cycle!

Let’s Dig Into The Following:

1. The earnings tidal wave has arrived and the disconnect between the price of gold and the valuation of the companies that mine it has been a source of frustration for years for many investors. But that is about to change as the new reality inflection point is here. Why as this new reality sets in, the market will begin to search for the best way to gain exposure to the rising gold price and while the senior producers like AEM are fantastic companies, the truly life-changing returns will come from the developers who own world-class assets in safe jurisdictions!
2. There is no better example of this than the wonderfully setup gold mining company I go into detail below on, as the smartest money in the mining investing world has piled into it. This is not a company for short-term traders. It is a tightly-held, pure-play vehicle for a single, world-altering asset in an amazing jurisdiction. The shareholder list is a who’s who of mining billionaires and investment firms. Why when many of the most successful contrarian billionaire investors and investment firms of the past 50 years have come to the same conclusion and concentrated a significant portion of their wealth into this specific junior gold developer, it is a signal that cannot and should not be ignored by any of us!
3. So what is it that has these billionaires so excited? This project is, in a word, a monster. It is one of the largest and highest-grade undeveloped open-pit gold deposits in the world. The sheer scale is difficult to comprehend. To put it in perspective, a 1-million-ounce-per-year producer would be one of the largest gold mines on the planet. Why this project is engineered to be a true Tier-1 asset, and a significant cornerstone of the global gold supply for decades to come!
4. And if you believe gold prices are going higher, which I do, this junior gold developer is one of the ultimate leverage plays to a higher gold price. The stock has been consolidating in a range since October 2025, building a massive base and sits below its 52 week high. When gold breaks out above its current cycle high of ~$5,600, this gold mining stock is poised to break out with incredible force. Why with gold currently trading around ~$5,000/oz, the undiscounted value of the gold in the ground is astronomical, and the NPV is multiples of what is stated in the technical reports. This stock is the rocket ship that all of these large institutional investors have strapped themselves to and is a must review for every single one of us!

AOC Falls Apart on the World Stage When Asked a Simple Foreign Policy Question at Munich Security Conference (VIDEO)

I took it with a pinch of salt…it is Bloomberg after all.

I will check with a local dealer next week and see if they are swamped.

I wonder if all that scrap silver being sold is enough to get supply back in-line with where it should be?

I had a buddy who I convinced to buy years ago around $12. He sold his 4K oz. right at the top – got $107 per oz.

Articles like that make me wonder if I’m going to regret not joining him.

It’s not the US dollar Chinas worried about, it’s theirs.

In the art section. About a minute.

“Everyone’s Grandma Is Selling the Silver Chandelier, Forks, Knives” as Scrap Volumes Overwhelm Refiners

even the Ag shares

Love the PM price action today. So far though volumes not confirming price move.

As my old guru (Tom O’Brien) used to say “there is less customers in the store but they keep raising prices!”

We will see. Hope volumes pick up. Could be holiday related…

Dog

I’m surprised by the strength in the large caps. NEM is on fire. Maybe the AEM numbers are helping the sector.

NEM price target was upgraded from $97 to $123 by BNP Paribas today. They maintained their neutral rating. Kind of a backhanded upgrade, since it’s at $124.50 today. Neutral rating?? Really?

One thing I know for sure is that whatever I think is going to happen probably won’t. 🙂

Naval
@naval
·
23h
People who don’t organize into tribes get wiped out by people who do.

I can help you more than this moron. This guy has ZERO credibility. Negative credibility. You might as well shake a magic 8 ball for answers. The guy is RETARDED!

It’s not what is happening right now … next week is the worry.

Not only are the holidays a worry … but after that … it should be recognized the Chinese government has to clean up their corrupt retail market … not to mention they are blocking retail trade in order to stabilize prices … they like the cheap silver too.

Bitcon has a counter rally in the works that will last weeks … possibly more than a month … so the algos will constantly try to rally stocks … you are seeing that today … but they don’t let them run because that would bring a bid back into PMs.

Ultimately the bitcon rally will be over and it will be heading to 25K into the spring … myself … that’s the move one needs to be aware of because everything else will follow. … so it looks like Marty might be right … at least right now.

I would be careful thinking March is going to be puppy dogs and fairy tales for PMs … as the bankers are not going down without a fight … where they have a tendency to pull a bunch of a commodity out of their butt when needed.

They know the retail trade is positioned for a good March.

Such setups rarely turn out as planned because they are master manipulators with all the necessary tools … with the exception of the metals ultimately … because they can’t print them.

That’s why they will need to bring war back into the picture by April … because they will need to print … and commodities will react … as deflation signals in stocks (after the bitcon rally fizzles) trigger rapidly increasing currency(s) debasement on tap.

Mornin all

But boy are they protecting 5000 in au

https://finance.yahoo.com/news/agnico-eagle-reports-fourth-quarter-220000106.html

Be nice if they took an early weekend.

edit: ahh, there they are. So reliable.

Inflation ran cooler than expected. 2.4% vs. 2.5% expectations. The monthly numbers were also better.

I find that interesting given that the PPI exploded. Must be some of that Biden administration numbers rigging operation is still there.

$3.6 TRILLION Wiped Out in 90 Minutes as Market Shifts From Debasement to Deflation, A.I. Unemployment Fears Rise, the Fed is Trapped & Their Inevitable Response!

The cracks are turning into a chasm. What began as a liquidity crisis is now threatening to morph into a full-blown debt deflation tsunami.

In a brutal 90-minute window today, over $3.6 TRILLION was wiped from global markets in a violent, cross-asset liquidation. This wasn’t a contained sell-off; it was a panic.

Gold, silver, stocks, and crypto were all taken to the woodshed in a correlated collapse that could be signaling a terrifying new phase.

The market may be beginning to price in a catastrophic possibility: that the deflationary impulse, now supercharged by rising fears of mass A.I.-driven unemployment, will overwhelm the Fed’s ability to print.

If gold, the U.S. dollar, and Treasury prices begin to rally together, it will be the definitive signal that the debasement trade is over, and a debt deflationary winter has begun.

But history is clear: every deflationary crisis is ultimately met with an inflationary response. The Fed has a pain threshold, and when they are forced to act, the monetary tsunami will be unprecedented.

Here is what you need to know;

• You need to know that a debt deflation tsunami may have been unleashed today as a brutal market crash wiped out $3.6T in 90 minutes, signaling a potential shift from a currency debasement trade to a catastrophic debt deflation spiral.
• You need to know there was cross-asset carnage as gold plunged 3.76% ($1.34T erased), silver dumped 8.5% ($400B erased), the Nasdaq dropped 1.6% ($600B erased), and crypto fell 3% ($70B erased).
• You need to know there is a new fear catalyst: A.I. will trigger mass unemployment, consumer delinquencies, and widespread business failures accelerating the deflationary impulse.
• You need to know the key indicator has shifted and if gold, the U.S. Dollar, and Treasury prices start rallying together, it’s the signal that the flight to safety is on and the debt deflation phase has begun.
• You need to know the labor market is cracking and the crisis is rooted in real-world data; the worst January for layoffs since 2009, a collapsing tech/SaaS sector, and an imploding crypto complex.
• You need to know the Fed is trapped and has a pain threshold, but this deflationary wave may be too powerful to fight with conventional tools. Their inevitable response will have to be larger than anything seen before.
• And you need to know this violent correction is shaking out weak hands before the Fed is forced to act. The deeper the pain, the more explosive the eventual monetary response will be.

Today’s debt deflation tsunami wiped $3.6T out in 90 Minutes as the market may be shifting from debasement to deflation, A.I. unemployment fears rise, the Fed is trapped & their inevitable response will be to print!

Let’s Dig Into The Following:

1. Today, the market has just sent its most violent warning shot yet. In a brutal 90-minute period, a cross-asset liquidation event vaporized over $3.6 trillion in value. The speed and breadth of the collapse were breathtaking. Why this is the hallmark of a brewing deflationary crisis, where the value of debt rises as asset prices fall, creating a vicious downward spiral and this needs to be closely watched!
2. For the past several years, the dominant trade has been the debasement trade; betting that the Fed would print money to inflate away the mountain of debt, leading to higher asset prices and a weaker dollar. Gold, silver, Bitcoin, and stocks all rallied together as investors positioned for currency debasement. Why this latest crash today signals a potential, terrifying shift in the market’s thinking, and the new fear may in fact be debt deflation!
3. This market panic is not happening in a vacuum. It is the financial manifestation of real-world economic decay. U.S. employers announced 108,435 job cuts in January, a staggering 118% increase from a year ago and the worst January for layoffs since the depths of the Great Financial Crisis in 2009. As we’ve been documenting, the labor market and real economy may in fact be cracking. Why this could very well be the start of the deflationary spiral the Fed is so terrified of, and the data suggests we are near the precipice of it!
4. And this brings us to the Federal Reserve. How much pain will they tolerate before they pivot and ride to the rescue? The Fed always talks a tough game on inflation, but their true mandate is to protect the banking system and prevent a catastrophic market collapse. They have a pain threshold, and the market seems determined to find it. But history is clear: every time the market has a seizure, every time a liquidity crisis hits, the Fed’s response is the same: open the monetary spigots. And every time, the first assets to benefit are gold and silver. Why they are the canaries in the coal mine and the assets that sniff out currency debasement before anyone or anything else!

Why we got absolutely obliterated yesterday and are getting back nearly half this am? Maybe this is just to suck some longs in so they can do it all over again today? We’ll only get back a third of the losses in the shares – at best.

Ipso – I guess ya never know. The dollar system is fine with me if gold goes to $25K and silver $300 and it doesn’t lose too much purchasing power. LOL 🙂