Loading ...Short covering in GLD and SLV at the close
They brought GLD positive in the last 7 minutes from down a buck. SLV came from $.50 down to down $.20.
HL was spanked for 4%, AG – 2% and USAS -3% Otherwise, I’d have some gains today.
If we can pull off a good day tomorrow on a weak report, we might’ve found our bottom. Emphasis on “might”.
The fall of the Cabal
Last Night, the U.S Government Will Never Get to Tell Doctors What They Can Say Anymore
In Kory v. Bonta, a federal judge just barred California’s Attorney General and its medical boards from coming after me and my colleagues for the expert opinions we share with patients.
As of Last Night, the U.S Government Will Never Get to Tell Doctors What They Can Say AnymoreIn Kory v. Bonta, a federal judge just barred California’s Attorney General and its medical boards from coming after me and my colleagues for the expert opinions we share with patients.
What California Attorney General Rob Bonta, whose ass we just kicked in court, probably looks like today. Last night I received a call from my amazing lawyer, Rick Jaffe, who also represented Dr. Stanislaw Burzynski back in the day during the FDA’s decades-long persecution of him, which I wrote about previously. Anyway, he called me with some big news: a federal judge had just signed an order that, four years ago, I thought I would never get. In the case Kory v. Bastard, err, I mean Bonta, senior United States District Judge William B. Shubb granted our renewed motion for a preliminary injunction and ordered not only California’s Attorney General but also the Medical Board of California and the Osteopathic Medical Board, as well as ANYONE acting on their behalf, to stop investigating us, stop prosecuting us, stop harassing us. Most importantly, stop threatening our licenses over any professional opinions we might share with our own patients about Covid-19, the “vaccines,” ivermectin, anything. The order names me and my two colleagues, Dr. Le Trinh Hoang and Dr. Brian Tyson. Let me remind you what this fight was about, because it represents one of the most glaring absurdities perpetrated during the Covid clown show. In 2022, California passed AB 2098, a law that made it professional misconduct for a physician to give a patient Covid advice that departed from the government’s position. Let me repeat that. In the supposed United States of America (which I started to call the United States of Pharma early on in Covid), American physicians in that state, where I was licensed at the time, would have been literally forced to spew state propaganda in our patients’ ears or we would have lost our licenses. Not for fraud. Not for malpractice. No, it would have been for having a different medical opinion from that of our “beloved,” “un-captured” (yeah, right) government health agencies led by Saint Fauci (who, in a beautiful twist of fate, is in a contempt hearing today). The penalty would have been our licenses, which is to say our careers, our livelihoods, and our ability to care for the people who came to us precisely because we would tell them the truth as we saw it. The state took the most personal conversation in medicine, the one between a doctor and a frightened patient, and tried to put its own words in our mouths, with our licenses held as collateral to make sure we complied. We sued. And, incredibly to me at the time, we initially lost. In April 2024, this very same judge initially denied our motion, based on the theory that when a doctor speaks to a patient, that speech is really just “conduct,” and conduct the state is free to regulate. Yup. Under that logic, the most important speech a physician ever delivers, the counsel we give at the bedside, carries less First Amendment protection than a billboard. So we said $%#! that and kept going. Finally, the ground shifted, and it shifted at the Supreme Court. But it wasn’t easy because our appeal was denied by Justice Kagan and then a petition for certiorari was met with… ten months of silence. That is because they were considering a similar case, that of Chiles v. Salazar, which was finally decided this past March. There, the Court provided what I like to call “correction and direction” to Judge Shubb by holding that a professional’s speech to a client is still speech, protected by the First Amendment, and not some lesser category of “conduct” that the government can freely script. That decision pulled the foundation out from under the ruling against us. So we went back to the same courtroom and asked again. This time the answer was yes. To learn of all the shenanigans pulled by the Medical Board and the state of California, as well as all the barriers that Attorney Rick Jaffe had to overcome, please read his post about the case, titled “The Doctor Will Speak To You Now.” It is excellent. |
Odd day
Some of the shares are kind of holding up. Others, mostly silvers, not so much.
Dollar up, SM down, metals down. Seems like the shares should be getting hit harder.
Just a hunch, but if the shares close OK, we might have a solid day after the jobs report tomorrow. This might be the first time in 6 months where the shares have not been smashed with the SM. Not giving back too much in the metals either. First day in a while I can remember not giving all the gains back after a rally. Hope we’re seeing a real change here.
Good earnings
Only don’t matter if you’re a Gold or Silver company……..friggin unbelievable
Groy
GOLD ROYALTY REPORTS RECORD SIX-MONTH RESULTS WITH CONTINUED STRONG CASH FLOW AND EARNINGS GROWTH
Nice early turn
Hoping to see this but hoping even harder that we build on it.
It’s amazing how bad they beat these shares at the open.
I think this is a fantasy
The Hormuz Letter
@HormuzLetter
·
11h
BREAKING: Iran’s announced 7% toll on all commercial ships passing through the Strait of Hormuz, would generate Iran $385 million daily net or more than $100 billion yearly net at pre-war traffic.
The majority of crude oil volume moves on a Very Large Crude Carrier (VLCC), and at 2 million barrels max capacity the 7% toll would generate Iran ~$11 million for a single oil tanker.
A toll has almost no cost of goods, so ~97% is pure profit. Comparing it to net income, a 7% Hormuz toll would make the Strait about as profitable as Alphabet ($132B in 2025), Nvidia ($120B FY2026), Apple + Microsoft (both just crossed $100B), and Saudi Aramco ($105B), while representing ~15-20x Suez Canal’s all-time peak revenue from its toll.
For Iran itself, this would exceed a third of Iran’s GDP, without pumping a barrel.
They like gold
The Kobeissi Letter
@KobeissiLetter
Chinese investors are rotating back into gold:
China’s gold-backed ETFs have recorded 14 consecutive daily inflows ending Monday, the longest streak since March.
Over this period, these funds have attracted +$1.2 billion.
The largest single-day inflow during this streak totaled +$370 million.
Before this rebound, China’s gold-backed ETFs recorded outflows in 38 of 44 trading sessions.
This comes as elevated volatility in China’s stock market has renewed interest in alternative assets, particularly among institutional investors.
Chinese investors are increasingly bullish on gold.
Another test
QQQ’s are in early trouble, the dollar is up slightly, rates up 2 bips and oil up over a buck.
As always, the test is whether we can ignore these other markets.
Deer79 – interesting perspective about the whales and gold. No doubt these currencies are collapsing against anything tangible. I’ve wondered if that’s why the SM has continued higher. Not strong stocks, just a dollar that’s worth less. Unfortunately, we bought gold for that very reason and have never seen its fruits. Another ZH article said gold was headed to $7k. I hate seeing these bullish articles, it always seem like the scum works against them.
Let’s see if yesterday meant anything or if it was just a one off.
On a bigger perspective….
Interesting ZH article this morning written by Matthew Piepenburg ( Von Greyerz Gold).
Here’s a snippet from the conclusion of the article:
The bond market is indeed everything, and what it is telling you far more honestly than the American Fed or Japanese BoJ is that your fiat money is consistently losing absolute purchasing power in plain sight.
This explains why a deliberate fire-sale in precious metals was unleashed early in 2026 to allow the whales to accumulate real money (gold) while the masses stare at their tech positions (and losses).
Easy to see
that the scum’s playbook this morning, is to sit on Silver all day long, until the buyers pull back……
Tried and true so many times before.
Off topic
If you or your wives know anyone taking these weight loss medications.
A plethora of serious side effects. A billion.dollsr law suit against Ozempic.
A certain amount of these side effects are caused by starvation, not getting enough calories due to appetite suppression and losing weight too quickly. They have to take enough calories and Protein daily while avoiding empty calories with no nutritional or protein benefit like potato chips. If not a low calorie higher nutrient and protein shake will help prevent the body from breaking down muscle mass. The Doctor should be regularly assessing for possible risks. Don’t ask what happened to the sentences. I don’t know.
Back and forth
The bulls trying to hold onto their mojo with the dollar, rates and oil all flat.
SM is mixed. DOW up, Nasdaq down. Neither by much.
Gold up $28, silver flat, no doubt being restrained by the 50 dma right in front of it. The powers that be don’t want it to break.
PM shares surprisingly resilient in the premarket.
Lots of work to do, but a sliver of hope.
Dave Hunter
To watch for the late stages of melt up top then a bust worse than before a period of deflation setting up the next melt up.
Poll result
Very different opinions found in the poll
Speaks well for people here who can keep polite
Well done – just what the world needs
Sng 19:45
That story was AI fabricated. She might have some interesting real ones of other situations though.
Ipso – Ha!
True, just not as much. 🙂
silverngold
A mixed bag for a mixed presidency.
gold leading silver? (percentagewise)
gold’s daily percentage gains are leading silver’s. that doesn’t usually happen.
Seems like they’re forgetting the elephant in the room. A certain blockade of all Iran’s ships.
Iran-Oman Hormuz Route ‘Agreed To’ As Iran Warns Against US ‘Interference’
Poll Results …. No consensus here
How is President Trump doing in this term?
Terrible (27%, 12 Votes)
Very Poorly (18%, 8 Votes)
Excellent (13%, 6 Votes)
Very Good (13%, 6 Votes)
Good (13%, 6 Votes)
Poorly (9%, 4 Votes)
Average (7%, 3 Votes)
Total Voters: 45