One stimulant for higher rates was AI investment. New demand for trillions of dollars of debt will always push up rates unless the money is created, and that’s what happened. AI debt was considered better, safer, than government debt which is backed by nothing; at least trillions of dollars of data centres must be worth, well, at least a few hundred billions of dollars. So now that the AI debt story is beginning to crack (because the bubble never really got inflated) the full backing of the US govt. starts to look more solid than several square miles of buildings designed to hold zettabytes of ones and nothings. However, don’t expect the drop in UST yields to be long term, because long term nothing has changed. The govt. still has an insatiable demand for new debt.

One of the little ferrets has lost half his stake in a listed company running off the back of Firmus. Best lesson ever, hopefully. Don’t invest in anything that you don’t understand. And DYODD. The writing has been on the wall for months about AI debt.

Two Emirati Ships Sink In Hormuz In Under 24 Hours As IRGC Claims 5-6 Vessels Targeted Nightly

I’m now watching the June lows for gold, July for silver …..will they hold or not.

Meanwhile the really big problem we have is the way the Algo’s are linking PM’s to Rates, in a negative fashion…..which may work for now, but in the long run is flatout insane….Rates can’t seriously rise, or all western governments go bust, so printing has to be the only answer, in a normal world both case are PM bullish…ie rates up everyone bust, super PM bullish……print PM Bullish…..However we have the Algo’s

Plus the only other answer to the debt is revalue PM’s…..

Plus I also think we have a monster globalist trade on, to ‘eff Trump…..why else did the rates come back like they did for no reason….yet none of the other mkts took back the losses….

PS the car situation in Europe is flat out insane…the industry is a monster employer , not just the major Co’s but all the ancillary Co’s, Volkswagen is Lower Saxony, the Sate it is based in…it is now beyond obvious people will not buy EV’s in the numbers to keep any car Co’ solvent, worse they cause them vast losses and now massive layoffs….yet the crazed EU and most politicians will not back down ……..

What I see happening in the next few years, is a total collapse of the EU, as the likes of the AfD and Le Pen get elected, they all see who and what the problem is…the EU…….This is a major reason the lunatics are trying to trigger WW III , in order to let them cancel elections….again this should be monster bullish for PM’s….perhaps another reason the selling is so vicious in PM’s

Who knows? They can do whatever they want with it.

Rates have reversed hard down to 5.18%, weighing on the dollar a little. We get nothing. Silver goes down with tech.

I’ve watched the same thing over and over again for so long that everything for pm’s is meaningless.

Rainbows and unicorns.

Snap back rally when you start to see headlines like this from ZH???

Silver Bloodbath: The Floor Is Disappearing

Brussels apparently believes it can dictate what an industry produces without accepting responsibility when the economics cease to work. Renault is now warning that European production could fall by approximately 300,000 vehicles unless there is greater flexibility around the 2030 emissions requirements. Volkswagen describes the mass market business as under “enormous pressure.” BMW’s global deliveries fell 6.4% in the third quarter, with China down by a quarter. Competition is fierce, customers have choices, and these companies cannot finance a transformation indefinitely by producing vehicles at inadequate margins…

As long as energy prices are a factor that’s not short term which might affect consumer prices next the market could start pricing in pressure on the Fed to raise interest rates. Just preaching to the choir. Maybe increased conflict with Iran and or Houthis might be held back as much as possible before mid terms but if that happens it will line up with what Armstrong said about things heating up after and where the PMs come in but could be anytime even if it doesn’t look like it now. Guess we’ll see. Hope most businesses plan not to be reliant on bank loans and able to be flexible with prices if needed to stay in business despite with what these idiots on the left are always coming up with to drive jobs out of the country.

Aren’t we oversold already? I’m wondering what the RSI’s look like on some of this stuff. I think my portfolio is down like 15% in the last 3 days.

Nothing quite like pm shares – silver too for that matter. Garbage.

https://www.dailymail.com/news/article-16208775/Civil-servant-government-jobs-virtual-meetings-camera-off.html

Tempted to make a few short term trades.

I don’t know how Cory Booker who he’s running against got elected.

Clearly illustrate what exactly  the Working Group on Financial Markets will manipulate to prevent the dike of financial markets from collapsing…..

Buy as many Treasuries as needed, support the DJIA, and continue to deep 6 the metals ( to perhaps counter-balance the inflation numbers).

We got overbought on the upside, and we’ll probably get oversold on the downside. But again, what do I know ( clearly not much because I keep nibbling on the PM shares, like an idiot).

it got as high as 5.31%. I suspect some serious intervention is taking place. The CPI numbers were mostly in-line with expectations, yes ex-food was 0.3% vs. 0.2% m/m and y/y 3.7% vs. 3.6% estimates.

Doesn’t seem like enough to create such chaos for pm’s but…..we get to do this all over again tomorrow with the PPI’s.

Hopefully, the SM is just beginning its descent while we are near the end of ours, ala 2001, but who can say? So much damage done in the sector over the last 6 months, will they really come back into the shares? I suppose they will, if the metals reverse course, and a lot of money will be made by someone.

OTOH, we might just wake up tomorrow and find that Europe has lobbed some nukes toward Russia after a false flag from Zelensky. EU leaders are desperate. Then none of this will matter. Pretty dumb move by France on the Russian tanker.

The general public has no clue about gold and silver, nor are they invested in miners. It has served them well not to be.

What they may not realize though is that their pensions are full of US treasuries by mandate, and that could be problematic, especially for gov’t. employees.

Physical gold might be a good hold, physical silver is a money trap. Down 6%. Better off holding fertilizer, it’s the same sh*t.

Cant remember what brought the subject up when I was a kid asking him about WW11. It had to do with weapons and was over in the Philippines at that time. He said the locals wanted them to give them weapons so they could fight too. When asked if they did and explained why he didn’t in that situation. He said in so many words you really don’t know who your enemies are. They could use those weapons against you.

Well there you go. Zelenski and Brussels maybe half the EU is not our friends.

Bessent, Shelton, China, Gold & Inflation – Bill Holter

I think Zelenski is also working against Trump as far as diesel prices purposely striking Russian refineries. Armstrong mentioned something about these prices and Zelenski in the video I posted a few days ago where I commented it was worth watching as far as causing prices to rise. That all fuel from refineries aren’t created equal giving Canada as a example. And now I see the EU countries jumping in attacking a Russian ship. They don’t want peace. They know the Dems will do the opposite of Trump as far as war and Ukraine. Trump needs to dump NATO and dump them.

Though most will not pay any attention to PM’s, I think they are being included to complete the picture, for institutional investors, ie PM’s won’t help the debt, so dump the debt,, raising rates will kill the SM, dump the SM and Oil is the war is failing and the prices will cause inflation, dump the debt etc.

CNBC and Co do the rest.

I think you’re “spot on” about this whole thing being orchestrated to get the Dems to have a majority in both houses ( but I do realize that it was Trump’s decision to start this war).

We were in Portugal. It was Booming! Tourists everywhere! We sat on the rooftop bar in Porto and I could see 24 cranes on the horizon. And we were told that it would be more quiet in October. More Europeans eating and spending, but still quite a few Americans. And I noticed the price of gasoline is around $10 gallon (2.20 euros/litre).

Hycroft Mining Drills New Best Hole Ever

Vortex Returns 19.6 meters at 30.49 g/t Gold and 1,726.72 g/t Silver
Highest Gold Grades in Hycroft’s History

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2800-nasdaq/hymc/212800-hycroft-drills-new-best-hole-ever.html

I think you’re right. Fuel prices are really hurting the GOP. I’m not so sure about metals prices. Although we know they are suppressed as a matter of course I don’t know how often Joe Sixpack thinks about the price of gold and silver. Most are woefully ignorant about them.

If I’ms right that the Mkts are being played to make the GoP/Trump look bad and Gold/silver are being sat on as part of that scam, then the relationship between Copper and Silver, shown on yr chart shows it clearly…..

BRICS News

@BRICSinfo
JUST IN: 🇺🇦 Former Ukrainian officer goes on trial for the Nord Stream pipeline sabotage.

Welcome back …..was that you setting off all those riots……it’s much quieter this week????