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Wisconsin Autumn
https://railpictures.net/photo/810251/

I saw Judy Shelton on Kudlow. I thought she mentioned DB had $80 Trillion in derivatives.

Course, my short term memory is not so good…

Interesting RSI on GLD got balanced out today with GDX and the HUI – all three have RSI’s at 64. Last couple days volume in most shares has been low. No clue what that means but up is good right?

We survived Tuesday’s drubbing and came back even stronger.

Will be interesting what rumors or even new banks that go belly up over the weekend.

The players aka banksters are still very active.

CFTC Commitments of Traders Report – CMX (Futures Only)

That table is for US banks,,,,DB had $ 49 Trillion of derivatives at end 2020…I can’t find a more up to date number and it is late here,,,,,,they are similar to GS and JPM…..

https://munknee.com/collapse-of-deutsche-bank-would-be-catastrophic-for-global-financial-system-heres-why/

“It’s Getting Real”: Unease Over Banking Sector Turmoil Spurs Huge Demand For Physical Precious Metals

Coin Heaven co-owner Gabe Wright saw precious metals demand rise to new heights during the pandemic, but nothing as spectacular as Silicon Valley Bank’s (SVB) collapse.

“It’s getting real,” Wright said, standing behind the glass showcase filled with various silver and gold bullion, coins, jewelry, and sterling in his busy Cottonwood, Arizona, shop on March 20.

“On a dime, it turned around—big time. It’s unprecedented,” he said. “We’ve seen the demand high, but not like this. Of course, SVB started this phase we’re in.”

https://www.zerohedge.com/commodities/its-getting-real-unease-over-banking-sector-turmoil-spurs-huge-demand-precious-metals

the shares closed up with the metals down?

Me either. Bullish!

Here is what we will be getting into today:

1. The Shadowy World of Derivative Debt: Why Credit Suisse’s Troubles Spell Disaster for US Banks.
2. Navigating the Tensions: The Fed’s Approach to Addressing Inflation while Protecting the Banking System.
3. Inflationary Pressures and the Looming Threat of a Hard Landing in the Global Financial System.

    

Let’s Dive In!

https://www.themacrolist.com/p/credit-suisses-39-trillion-derivative

scum showed up in the thinly traded after hours and dumped us back below $2K

Shares are trying to hold up but I don’t see how they can…

https://mobile.twitter.com/RadioGenova/status/1639187461577363456

Appeals Court Blocks Biden Order Forcing Federal Employees To Get COVID-19 Vaccine

https://www.zerohedge.com/covid-19/court-blocks-biden-order-forcing-federal-employees-get-covid-19-vaccine

Good straight in a week Meadows market.

https://www.usbanklocations.com/bank-rank/derivatives.html

The headline of the Week pic.twitter.com/uAL8QekFiN

— Willem Middelkoop (@wmiddelkoop) March 24, 2023

Some police stepped down in Paris and joined the people pic.twitter.com/ACGMA6pBZW

— karma (@karma44921039) March 23, 2023

“Can we hold a third day of follow thru?”

I sure hope so! We’ve got a lot of losses to make up.

makes me think gold might break free from $2K.

Looking good. The shares are less overbought than gold.

US Firms No Longer Safe In Mexico? Army Commandeers US-Owned Marine Terminal

We’ve heard many heartbreaking stories of American tourists venturing into Mexico only to be kidnapped or, worse, killed in crazy cartel drug war battles. It appears these days, no one is safe across the southern border, not even US-owned companies.

Bloomberg reported that Mexican marines and police officers seized US construction firm Vulcan Materials’ port terminal near Playa del Carmen in southern Mexico.

Footage from the seizure showed a long line of police and military units entering the property last Tuesday.

https://www.zerohedge.com/geopolitical/us-firms-no-longer-safe-mexico-army-commandeers-us-owned-marine-terminal

of the century, when it is trading with 4 noughts…..roll up, roll up.

Shares outperforming to start the first hour of trading. Even NEM leading for now.

Can we hold a third day of follow thru?

Where will silver end the year 2023?

Over $26 (71%, 25 Votes)
$24-$25 (14%, 5 Votes)
$21-$22 (6%, 2 Votes)
$25-$26 (6%, 2 Votes)
under $15 (3%, 1 Votes)
$15-$16 (0%, 0 Votes)
$16-$17 (0%, 0 Votes)
$17-18 (0%, 0 Votes)
$18-$19 (0%, 0 Votes)
$19-$20 (0%, 0 Votes)
$20-$21 (0%, 0 Votes)
$22-$23 (0%, 0 Votes)
$23-$24 (0%, 0 Votes)
Total Voters: 35

Re DB

There is no-one in Germany with what u would call serious stature….there is no Bundesbank head who can terrify mkts …..and anyway it is now subordinate to the ECB and the lovely Lagarde who can barely spell Central Bank.

Plus the ECB is not supposed to be able to print Bonds etc……this was not part of their plans when the Zero was built…….

Stoltz the Chancellor is a weak joke….and the whole government is a coalition cobbled together….not strong at all…..

ororeef – good story. There are so many people that pass through in our lives, we never know what their purpose is for being there.

maddog – doubt the markets are selling off for no reason. Europe down 2% across the board. Looks like we’re in a little battle for $2K in the spot market, $2020 in the futures.

UTILITIES stocks have been dropping like a ROCK ,especially Dominion Energy “D”,& Adams Resc “AE”

Paramount Gold Takes Another Stride Forward to Permitting Grassy Mountain

https://finance.yahoo.com/news/paramount-gold-takes-another-stride-110000973.html

Mexican Federal Economic Competition Commission Approves Pan American Silver’s Arrangement with Yamana and Agnico Eagle

https://finance.yahoo.com/news/mexican-federal-economic-competition-commission-110500418.html

CMC Metals Awards Drill Contract for its 2023 Exploration Programs

https://finance.yahoo.com/news/cmc-metals-awards-drill-contract-163500654.html

Ascot Reports 2022 Annual Results

https://finance.yahoo.com/news/ascot-reports-2022-annual-results-001500393.html

Metallica Metals Uncovers PGM and Lithium Potential at Sammy Ridgeline Project, Thunder Bay North District, Ontario

https://ceo.ca/@newsfile/metallica-metals-uncovers-pgm-and-lithium-potential

IMPACT Silver Announces 2022 Financial Results Including Positive Mine-Level Operating Earnings

https://ceo.ca/@newsfile/impact-silver-announces-2022-financial-results-including

Searchlight Resources Receives TSXV Approval for Purchase of the Bootleg Gold Property

https://ceo.ca/@accesswire/searchlight-resources-receives-tsxv-approval-for-purchase

Marathon Gold Announces 2022 Fourth Quarter and Year-End Results

https://ceo.ca/@globenewswire/marathon-gold-announces-2022-fourth-quarter-and-year-end

Golden Minerals Files Initial NI 43-101 Technical Report for Yoquivo

https://ceo.ca/@businesswire/golden-minerals-files-initial-ni-43-101-technical-report

WESTERN COPPER AND GOLD ANNOUNCES STRATEGIC INVESTMENT BY MITSUBISHI MATERIALS CORPORATION

https://ceo.ca/@newswire/western-copper-and-gold-announces-strategic-investment-99a77

Orefinders Plans to Update TSXV Listing Status to a Mining & Investment Issuer

https://ceo.ca/@newsfile/orefinders-plans-to-update-tsxv-listing-status-to-a

Atalaya Mining PLC Announces Filing of New Riotinto PEA Technical Report

https://ceo.ca/@accesswire/atalaya-mining-plc-announces-filing-of-new-riotinto

Caledonia Mining Corporation Plc: Proposed fundraise of approximately US$13 million (approximately £10.5 million)

https://ceo.ca/@globenewswire/caledonia-mining-corporation-plc-proposed-fundraise

Euro Sun Announces $1 Million Private Placement

https://ceo.ca/@globenewswire/euro-sun-announces-1-million-private-placement

Kiboko Gold completes 10,870 m of drilling over 68 holes at its Harricana Gold Project, located 55 km north of Val-d’Or, Québec

https://ceo.ca/@businesswire/kiboko-gold-completes-10870-m-of-drilling-over-68

Orezone Reports Fourth Quarter and Full Year 2022 Results

https://ceo.ca/@globenewswire/orezone-reports-fourth-quarter-and-full-year-2022-results

Goldshore Resources Announces Brokered Private Placement of up to $5 Million

https://ceo.ca/@globenewswire/goldshore-resources-announces-brokered-private-placement

Interesting to have Deutsche Bank tanking on a Friday. Should create a lot of fear today. Who’s going to want to take any big long positions going into the weekend. We know these failures get announced on Friday’s after the close or Sunday’s.

Nice to see us flat and holding the line.