Windy Point thunder
https://railpictures.net/photo/809702/

From a source I trust: @SVB_Financial depositors will get ~50% on Mon/Tues and the balance based on realized value over the next 3-6 months. If this proves true, I expect there will be bank runs beginning Monday am at a large number of non-SIB banks. No company will take even a…

— Bill Ackman (@BillAckman) March 11, 2023

You bet Buygold! We’ll do silver next. Silver got to $20 or so … who can believe it!

The whole artificial NWO financial system they started in 1913 is old and worn out, like a car with 250,000 miles on it. Always has problems and costly repairs needed and you have so much money invested in fixing it, you are married to it, it keeps running and don’t want to junk it.

But some day soon the engine will blow, start knocking, and smoke burning oil bad and be way too costly not worth fixing it. Then you need a new car. Or a Gold backed currency as a replacement. Thats what the bozo bankers are dealing with these days. Hopefully or I assume, they have a new AU system all hammered out but waiting for the last minute to wheel it out.

These latest various collapses could be considered blue smoke and a slight engine knock starting.

I’d feel funny if I weren’t wrong for another year. I’m saying above $2,300. 🙂

….shortly after moving to Canada many years ago, Justin Castro’s step-dad, Pierre Elliot Trudeau, came through BC on the train and  displayed that middle finger salute to all of us….so I always assumed it was his best happy greeting, as apparently that judge does too….and now quite often when I see our PM Justin Castro exposed to a crowd I see many or most of the crowd giving him that god given right too…along with yelling something to do with intercourse I think!

𝕋𝕠𝕠 𝔹𝕚𝕘 𝕋𝕠 𝔽𝕒𝕚𝕝.
Big Four banks (Bank of America, JPMorgan Chase, Citi and Wells Fargo) are drowning in net realized losses. pic.twitter.com/nIHqp1hHtj

— Fat Fingers™ (@longshortgamma) March 10, 2023

uh oh … 🙄 pic.twitter.com/p7MJyn1wTn

— Wall Street Silver (@WallStreetSilv) March 11, 2023

Vote in the Poll Vote in the Poll

biggest move I’ve seen pretty much ever. Money bullrushing into bonds is counterintuitive. Unless maybe there is some serious event risk out there. Why the rush to safety of bonds? Why was the USD weak?

Inquiring minds would like to know.

U are having a classic bank run, at almost the worst possible time, as tks to the huge rise in rates Banks are sitting on massive Bond/Note Losses…the last thing they want to do is to have to liquidate and of those portfolios and taker the losses on the chin…..that is what sent SVB over the cliff…..It had 175 Billion in deposits and a 2 Billion $ hit on a bond portfolio….. took it out .

The entire banking sector is sitting on monster losses, which if run to maturity, are just fine…but if people start asking for their money now, they have to liquidate at those monster losses and no-one has huge capital to absorb such hits….. This where the Fractional Reserve banking system, hits a brick wall.

Sunday night will have the scum out in full force…can they stop a genuine panic…..

Thinking maybe it’s time to give the 30 or so of us a chance at guru for the year.  Where will gold and silver end up at year end?

FYI, they posted the most recent missing report yesterday for 2/24/23. Not much to talk about.

CFTC Commitments of Traders Report – CMX (Futures Only)