Loading ...Close to the top, I traded about half of my PSLV shares, for PHYS.
My timing may be a little off, but I’ve just finished switching back.
Now’s the time!
Buygold
Re yen
It looks like the Japanese are surreptitiously devalueing the Yen….but every now and again they have tap it back up, but the trade gets crowded, so loads of stops go, hence the sudden crashes….TA says it could fall miles…..as it has a monster Saucer base.
Re Starlink…that AI is shockingly good…give ’em a call and play around with it…..I am still in shock 2 days later…you would never know you were not talking to a v smart human !!!!!
If we get a AI crash …hoover up SpaceX.
and here u can see the massive base……that projects way down for the Yen and vast profits for any Japanese Bugs
Keep an eye on this as it smells of a major bubble blowing, in AI, tks to TRS’
here is an explanation of a TRS……which are great, until they blow up and then tks to secrecy and leverage, you have no idea what shiite yr counterparty is and if you’ll ever get paid, or lose it all….it would appear that the AI bubble is rammed with TRS’….
https://corporatefinanceinstitute.com/resources/derivatives/total-return-swap-trs/
and now we have this a first taste of problems…..though the South Koreans appear well advanced in blowing their AI bubble up
‘Situational Bewareness’: Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up
Looking at the Dork running the show, maybe he should have had his teeth fixed, before pissing away $ 20 billion..!!!!!
Re The Move In Yen
In my view all commodities are priced in Dollars, so when the Dopey/Dollar drops all the other currencies generally go up, inverse.
One Day Bars:
https://finviz.com/futures_charts?t=CURRENCIES&p=d
One Week Bars shows the USD got above normal for 7 weeks above 100, so maybe it will start dropping for a while now.
https://finviz.com/futures_charts?t=CURRENCIES&p=w
Ipso, Maddog
Ipso – so sad what the EU is doing to its people. All intentional. It’s hard for me to understand that kind of evil, although I don’t doubt it’s coming here after the completion of the data centers. Why is it that we outnumber the elites by millions and yet allow them to do stuff like this to us?
maddog – I’m guessing you’ve noticed the move in the Yen today – crazy. What’s your take on it?
That is slick about what Starlink has done. It also might be dangerous. Seems like if they get rid of all the books, after a few generations they’ll be able to completely rewrite history. Although I guess in many ways they already have.
@ goldielocks re 5:47
I agree you are right, thats why I only put up $1943, if it drops 10% its only $200. However its up again by 58% so now my total is $3224 a $1306 gain. Now I have to decide whether to cash out or double the shares from 40 to 80.
Crazy lows sometimes lead to crazy highs and vice versa.
ipsofacto
Re Books….that is a tragedy…..one is surprised to see anyone could be that callous, or stupid.
That said I have just ordered a Starlink web system and as in most companies the first contact is an AI machine…except this is like nothing you have ever spoken to, it is another entity to chat to, you can interrupt, change the conversation mid sentence and it behaves just like a human, giving answers immediately, with not the slightest hesitation, it welcomes you as a valued client and ends the conversation perfectly.
It is shockingly good…..yes AI may be a bubble but life will never be the same again……and what a slick Co Starlink is.
AI destroying rare books … what could go wrong!
Hedgie
@HedgieMarkets
🦔AI companies are bulk-buying rare books, scanning them through high-speed machines that cut the spines off, and shredding the originals. A service called ISBNdb facilitates orders of up to a million books and keeps buyers anonymous. Pre-2022 books are premium because they’re free of AI-generated text. A federal judge ruled the practice is fair use because eliminating the original means only one copy exists at a time. Anthropic hired the former head of Google Books partnerships to obtain “all the books in the world.”
My Take
This got to me. A bookseller told 404 Media that rare books with almost no surviving copies are being fed into this pipeline. Books that survived wars, fires, and centuries of handling are being shredded so an AI can learn to write a better marketing email.
ISBNdb’s website literally says “‘AI company destroys two million books’ is not a headline that generates sympathy,” and they still built an entire business around making it happen quietly. They offer NDAs as a feature. They coach clients to call it “digital preservation.”
AG misses on revenues
Well, no sh*t. If you estimate revenues at $75 an ounce and you don’t adjust them down with the metal price, then yeah, they’re going to effing miss. That’s why the stock has been crushed. But they sell it today anyway with silver up and the dollar getting spanked.
What a country.
That’s an incredible statistic! Pity the poor people in the EU.
“Energy bills now exceed rent payments by 23% across twelve member states,”
https://www.zerohedge.com/geopolitical/end-freedom-last-breath-dying-continent
A few earnings reports. Miners are money makers …
KGC
https://finance.yahoo.com/markets/stocks/articles/kinross-gold-kgc-q2-earnings-222511102.html
Endeavor Mining
https://finance.yahoo.com/markets/stocks/articles/endeavour-reports-strong-h1-2026-060000227.html
Aris Mining Corp
https://finance.yahoo.com/markets/commodities/articles/aris-mining-corp-aris-q2-050448470.html
Endeavour Silver
https://finance.yahoo.com/markets/stocks/articles/endeavour-silver-exk-matches-q2-003503522.html
Alamos Gold
Look at those QQQ’s go
yesterday’s losses wiped out by the open. So good.
PM’s can barely get out of their own way.
Somewhat predictable so far
At least at the open we’re going to get a post Fed meeting rally in the SM, which is usually the norm. Whether they can hold it might be another question.
Looks like the pm sector will be allowed to participate unless things go south.
The dollar is continuing down from yesterday, and now down almost 1% since the announcement. Course pm’s aren’t getting nearly the bounce they should be.
Another day.
Canada is doing something about the copper theft surge
Adding aggravating factors to the ones caught because they are threatening telecommunications.
https://ca.news.yahoo.com/copper-wire-theft-surged-78-142942350.html
Mr Copper 15;43
I don’t like giving advice so what I would do is get the heck out while your ahead less you know of any plans they have for making money. It only went up because it did a reverse split limiting shares thats all. Unless something happen they are going to make money the general pattern of these reverse splits it that they go back down.
