Not sure exactly what silver is good for where that’s concerned at all on the spectrum.

ZH has an article that Russia is saying they can weather $25-30 oil for 10 yrs. That’s good because oil is probably going there for awhile.

Ten Yr. @ .45% – Fed will be cutting another 1/2% shortly.

This time around, I’m waiting it out for the big rally in pm’s because it’s coming right? right????

Mawson Drills 7.2 Metres @ 21.7 g/t Gold Including 2 Metres @ 52.7 g/t Gold in a 120 Metre Step-Out Hole

https://finance.yahoo.com/news/mawson-drills-7-2-metres-100000997.html

Great Panther Announces Its Inaugural Mineral Reserve & Mineral Resource Estimate for the Tucano Mine, Updated Mineral Resource Estimate at Guanajuato Mine Complex, and Update on Topia Mine Operations

https://finance.yahoo.com/news/great-panther-announces-inaugural-mineral-103000218.html

Otis Options Oakley Project to Centerra Gold

https://finance.yahoo.com/news/otis-options-oakley-project-centerra-123010999.html

Gold up a big $3.50——silver DOWN 44 cents

B’WAAAAAAAAAAAAA-HA-HA-HA B’WAAAAAAAAAAAAA-HA-HA-HA

Coronavirus, the young doctor in China who initially exposed it to the public for concern people weren’t being warned got it himself and died.
Anyone can die of any flu so know the signs to see a doctor.
The double risk to those with lung issues is many are on some kinda steroids including other conditions. That doubles their risk of being susceptible to infections as well as getting pneumonia.
Hospitals should be preparing for a course of treatment and isolation. Long term care should have serious inservice training of infection control. The nurses aids especially and they come in close contact and are undertrained and understaffed so moving from person to person at a fast pace.
It’s still someone’s mother, father, grandpa, grandma, aunt or uncle and these kids care about that too.
Anyone at risk shouldn’t really go out now in areas affected that includes any visitors less absolutely sure they haven’t been exposed. If they have a regular check up with they’re doctor and don’t need tests maybe hold off or go with masks and wash their hands a lot and try not to touch anything.
Still people aren’t paying attention to their feet and what they can carry into their house that includes things like E Coli and in hospitals super infections as well. If a virus drop on the ground. Young children lower to the ground and touch anything then their face are always at risk. School age kids can spread it quickly in class then bring it home.
What the older might have in common is their immune systems are lower allowing for opportunitist infections. So supplements might help.
People should have things on hand do if they get the milder form they don’t have to go out to the store.
I hope they get this bird flu one they got now under control because it’s a bad one that will kill anyone. It’s easily passed from Bird to humans but not as easily passed from human to human less more exposure but these things can mutate.

The prophetic words of “Another”.

Like Aguila, I could care less about the bonfire on Wall St.  I love my antibiotic physical.

Elderly man who was visiting Washington state didn’t feel well, flew home to Hawaii, and went to bed for a couple days at home before calling ambulance.  Now critically ill, tested positive,  and in isolation ward at Kaiser Honolulu.  Officials now tracking his movements and trying to find out which airline he took here.

So far no person-to-person spread found in Hawaii… give it time.

🙂

The warning was the way that $ 1700 was not allowed to ass and then the classic scum slow grind lower, non stop….

Here we have a classic ‘end of the world’ event and the scum just sell endless paper…..with no where to hide apart from Bonds they may yet increase the panic.

Everything is looking good from my little cubbyhole.  At least I got to go skating today and have all my fingers and toes mostly.  Been skating every other day for a while now.  Don’ care ’bout no stock market but it is fun to watch it burn.  ‘Course as soon as you think you know what is going on the big gong rings and you realize you know nothing.  I’m definitely used to that~!

That reminds me – if you get lost in the woods again then just find a possum and follow it.  You will quickly get to the middle of a road.

The Rio Grande Zephyr, fueled and ready to go
https://railpictures.net/photo/723057/

[I didn’t think a V recovery was possible but if this article is correct, there could be quite a violent recovery from a panic drop into the a$15-$25 range-maybe not to 60-80 buck oil but just to 40-50 buck oil would suffice to make XOP calls a big winner]

“Historic” oil price war sends crude into downwards spiral—March 8th 6:31pm

But the end-game here is not low oil prices, but rather forcing Russia back to the negotiating table. The question is how long – if at all – that will take. “We would stress that it is not in any OPEC+ nations’ interest to have sustained oil prices below US$50, and hence we see this solely as a strategic move from the Saudis,” RBC says.

Put spread traders are set to almost 10x their bets. WTI June $34/$29 put spreads, which traded almost 13,000 times on March 4th for $2.9M, are now worth $26.5M. In early trading, more than 200 May $15 puts traded.

“What makes this price war especially dangerous and historic is it breaks out simultaneously with a massive demand shock… from the coronavirus. “We have not seen that toxic combination since the early 1930s when [Texas’] monster Black Giant field started up in the teeth of the Depression, sending crude oil prices down to pennies on the barrel,” Robert McNally, president of Rapidan Energy Group, a Washington, D.C.-based energy-market consulting firm, said.

https://seekingalpha.com/news/3549585-historic-oil-price-war-sends-crude-downwards-spiral

Silver is inexplicable.

We’ll see what the morning brings.

Even though EUR/USD just jumped from 1.14 to 1.15 in minutes. and Dlr/Yen fell from 103.70 to 101.50 !!!!!!

As someone just puked up more carry trade losses.

Clearly the scum are going down with the ship.

Maybe this is the big one Elizabeth. Red Fox.

Not unfathomable. Could happen I guess. Gold will get stronger but they have their boots on silver.

The SM and oil are toast for awhile. JMHO

I agree,  we should be up $100 and screaming.

Feels different this time,  at least from other times  🙂

CDN dollar crashing with oil

See what morning brings

Winedoc

PS:  Silver Motorcycle Parts still cheap ….. Go figure

It dropped nearly 20 % in ’87, that is over 5000 pts tdy……it concentrated the mind at the time….

To equal 87 it would take ~ 5k.

Everything’s crossed.

Cheers

Hoping the mystery seller @ $1700 is overwhelmed by the morning.

Can you imagine the panic if a black Monday type of event took place in the SM?

It’s down 979 pts. now, how many pts. would that be in todays SM?

that at Davos that guy Mr. Prince rang the bell when he said the boom bust cycle is over…besides all the other bells ringing like the magazine covers…the bull/bear/sentiment indicators

https://futures.tradingcharts.com/marketquotes/ZB.html

we all know JPM is the big Solver short/seller….What if they knew the Fed was gonna keep a lid on Gold, so decided that they could make even more money by shorting Silver, knowing that the Fed was there in Gold….and what if when the virus struck Dimon realised that the game had changed radically and they were ***ed, which caused him to have heart attack.

THIS IS A 1947 6-FLIPPER D. GOTTLIEB–my Dad bought it for me in 1954–he paid $15…I was 11 yrs old and thrilled!

******************************************

take a 50% position right now in some may or june XOP calls