Not sure who it is but whoever, they’re doing a masterful job. Haven’t seen it this bad in quite a while. Today was ridiculous. Sickening.
Face it Armstrong is a crack pot sir
I’d rather listen to big bird and elmo for financial advice. Pure trash!
Copper Copper Who’s Got the Copper
Jack Prandelli
@jackprandelli
Copper needs $ 332bn of new mines.
Each one takes about 17 years to build.
Bloomberg new outlook sees a deficit starting in 2028 and widening to 20 million tonnes by 2050.
That’s about 44% of demand.
9 of the 10 transition metals it tracks now look covered. Copper is the odd one out.
Demand rises 61% to almost 46 million tonnes by 2050. Electric transport alone needs 11.4 million.
You can print money…. You can’t print a mine.
Then in Oil we see exact opposite……
ON SM open Oil drops fast and 1 hour later someone says that’s enough and buys it straight back up.
Who is stopping every rally after good first hour buying.
Note the good buying in first hour of SM open…which is then sold back down over the next 2.5 hrs…..the blue flags show the first hour of the SM…..
Anyone would think someone doeesn’t want AG to rally
Clear bull breakout, snuffed out way before any progress could be made,
Remember Bagdad Bob? That’s today’s MSM. Gunfire is the only thing that stops this.
As France Burns, Media Insists It’s ‘Mostly Peaceful’; Blames Right-Wing Influencers
Nice early turnaround
But it looks like we’re getting some of that “normal market action” now.
I think I’d rather just open down and stay down than have hope destroyed.
EVERY. SINGLE. TIME.
Deer79
It takes a special kind of fool to think the federal government will pay you back in gold after 50 years…..
Drones are insidious things
WarMonitor🇺🇦🇬🇧
@WarMonitor3
·
1h
Insane video of a cat alerting a Ukrainian FPV drone waiting in ambush to an incoming Russian military convoy.
Shifting East
Willem Middelkoop
@wmiddelkoop
·
9h
Broker comment on Gold:
‘Price Discovery Moving East: Valcambi, one of the world’s largest gold refiners, plans to establish its first refining operation outside Switzerland in Hong Kong, according to Bloomberg .. The announcement supports Hong Kong’s broader ambition to strengthen its position in the global gold market, with authorities also pursuing initiatives including a gold clearing system, a new bullion benchmark and yuan-denominated gold futures. Hong Kong now has over 30,000 tonnes of gold storage (LBMA’s total incl. ETFs is just 9kt with a rolling float of just 1.2kt), with 1Q27 planned as the official international launch of Hong Kong’s system (currently in pilot mode)’
GB helping the Saudis
Alex Wickham
@alexwickham
EXCLUSIVE: The UK’s Royal Air Force will fly defensive missions to protect Saudi Arabia from escalating Houthi attacks, according to British officials familiar with the matter
RAF Typhoon fighter jets will help defend Saudi cities and infrastructure against aerial attacks from the Iran-backed militant group, the people said. Andy Burnham has signed off on the decision
Britain will also provide an Atlas A400M transport aircraft with heavy lift capability to move kit around Saudi, as well as military advisers
The decision marks an extension of UK support for Saudi in the wake of Houthi attacks which have killed more than a dozen people in Riyadh. There have been multiple attacks on the kingdom in recent days
Buygold
Interesting Gold bond article. Makes a lot of sense.
Not going to watch this daily boot on our necks…..I’m out….
The paper guys came in and reversed oil back around $104
Rates down over 3 bips now and dollar down some more too.
No help for us, but worth noting.
Some more chatter
Shelton’s Gold Bonds: The Plumbing Behind a Gold Deal With China
BY VBL
Could Judy Shelton’s Gold Bonds Bring the US and China Together?
Oil up near $109 – yikes
Gasoline has come down $.30 a gallon in my area. Election shenanigans probably.
Same old this am. Dollar down a smidge as are rates. No help. Shares a little soft pre-market.
deer79 – wondering if we have to wait for a “no-cut” from the Fed next week before there’s any sign of life?
Looks like
We’re going to test the lows from the end of June and July…..@$4000). It’s been an 8 month correction and counting……
Something to watch out for
The Engineering of a Global Food Collapse
I watched the grocery store footage from southern Italy this week with a sick feeling in my gut. The shelves were stripped bare — not because of a nationwide shortage, but because truckers are protesting sky-high diesel prices and key distribution routes are blocked. In a country that’s one of Europe’s agricultural giants, stores are running out of basic foodstuffs. A localized trucker strike should not empty the bread aisle in a modern economy. But it did.
This looks like a temporary inconvenience in a distant country. That’s what the establishment media will tell you. But in my view, this is exactly how the opening act of a global food collapse begins — not with a bang, but with a trucker protest, a blocked highway, a few empty shelves. By the time the shelves stay empty, it will be too late to prepare. The warning shots are being fired right now, and almost nobody is listening.
Consider what happens when truckers cannot afford to drive. Diesel is not a minor input cost for food distribution; it is the lifeblood. When diesel goes above a certain price point, trucking companies lose money on every haul. They park their rigs. And when the rigs park, the food stops moving. The Italian trucker strike is not an isolated incident — it’s the first domino.
Maddog, and most of the “student” organisations will be receiving funding through a back door too.
It was good when we knew who our enemies were. Paris 1968, the rioters were genuine students, letting off steam for some reason in the good old-fashioned French way, in association with a general strike which again, in the good old-fashioned French way nobody took much notice of.
Even with Charlie Hebdo, we knew who the perpetrators were. European governments totally ignored the warning and encouraged more and more muslim migration, in spite of the warning of the UAE Foreign Minister.
All the Neville Roy’s of this world had to do was to tap into such unrest with dozens of infiltrated agents, making it such a many headed hydra that even if it didn’t spout two heads for every one cut off it is already probably impossible to contain. The troubles may die down, but the authorities, even Le Pen, will prove unable to root them out without enabling them to burst forth with renewed vigour.
Starting?
The Hormuz Letter
@HormuzLetter
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27s
BREAKING: The US has carried out strikes on Iran’s Konarak Naval Base on the southeastern coast, wounding two Iranian soldiers, per Al Jazeera.
It is the first US strike on Iran in nearly 7 weeks.
Iran will likely retaliate tonight.