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Four locos, nine cars. Santa Fe fine.
https://railpictures.net/photo/824464/

Yes, the $ will fall only because of the 2 & 5 ‘s specs driving the rates down – so it will be fast.

The sequencing and timing are very similar to the year 2000.

We got a sloppy bottom in PM’s in November, and by April the good mid-tier producers we up 400%.

I expect something like this to happen again.

Cheers mate

That’s a lot of shorts. You’re right, if the Fed goes full stop or pulls back, the specs are going to have a big problem. Usually in a down SM we’ll see bonds rally on the long end, so maybe that will continue. The should be bullish for pm’s, bearish USD.

Recession is here. People are broke, when the Nasdaq finally crumbles, they’ll get real broke.

I’m just afraid we’re seeing the same old, banks building massive pm shorts so that they don’t benefit no matter what happens.

Hopefully not.

Might think about Biden with a gun. If he managed not to shoot someone before the fight started when they yell shoot he might turn the wrong way.

If you think the PM COTS are something, take a gander at the 2 and 5 year Notes pictured here and here respectively.

Just wait until the Fed says something wrong and the specs have to cover.

I would think this is going to occur very soon considering both the 10 and 30 year bonds, pictured here and here respectively, have already started the process.

This suggests the yield curve should start steepening aggressively soon, which is a recession signal and friendly to PMs.

I don’t know if this comes from the Fed Meeting this week or a stock market crash, or both, but one thing is for sure, both gold and silver, pictured here and here respectively, have further to run on a COT related basis.

Anything goes wrong in Gaza over the weekend, and we could have an interesting open on Monday.

It’s important to note that the ES COT (Mini S&P) currently has a possible crash signature, pictured here, where the specs remain increasingly bullish as prices fall.

What could possibly go wrong?

Cheers

Steam helper up front of the first generation diesel
powers the El Capitan over Raton Pass
https://railpictures.net/photo/824435/

Yeah, the shares didn’t exactly blast off did they?

I don’t know, just felt good to see the beating stop for a day.

Hope it continues, the COT Report is concerning, 57K new gold shorts put on in two weeks. Course the funds are buying again. The banksters just never seem to get caught on the wrong side or get overwhelmed enough to be forced to cover.

I’m with you though, it can all come crashing down, I don’t even know the last time the SM had a 10% correction, Covid maybe? It needs to crash but somehow the Nasdaq eeked out a gain.

From TF Metals report,

an interview with Chris Martenson:

https://www.tfmetalsreport.com/podcast/12340/thursday-conversation-chris-martenson

WOW!

That’s one spectacular pic!

Thanks!

S.O.S.O.

I am with you , can’t wait for the rig to crash ,hard !

Whatever, this is about as big of a miracle in pm’s I’ve seen in a long, long time.

Sorry, it had to be war, but I’ll take it.

DOW getting hammered. Bitcoin down $500. Nasdaq giving up the gains.

Usually war is bullish for stocks.

COT is really ugly so, I dunno if this is sustainable. Would be nice if the banks had to cover for a change.

CFTC Commitments of Traders Report – CMX (Futures Only)

Israel Says “Ground Forces Expanding Operations Tonight” As Gaza Comms, Internet Cut

FRIDAY, OCT 27, 2023 – 12:40 PM
Update(1340ET): Over the last hour there have been widespread reports that communications to the Gaza have been externally cut, and minutes ago Israel’s military (IDF) spokesman has confirmed that ground forces are expanding their operations tonight, and simultaneously Gazans are being told to immediately evacuate the north and go to the south of the Strip. “Ground forces are expanding the ground activity this evening,” the IDF affirmed.

For the hell of it I bought some AGQ re Silver might also run up. Also its surprising that futures are up on a Friday. I remember futures players were always afraid to hold during a weekend. So what was it that started this breakout?

China Launches ‘Global A.I. Police’ To Monitor What Users Say Online

China Launches ‘Global A.I. Police’ To Monitor What Users Say Online

My feet are being nibbled by piranhas.

I think that’s a yes. We found the enemy and unfortunately it’s us.

No sustainable rallies for us, pretty much ever.

NEM at least not hurting the HUI for a change. At least for the moment.

Yes or No? pic.twitter.com/7OghDlrMeT

— Willem Middelkoop (@wmiddelkoop) October 27, 2023

rates are flat, but the SM is fading.

We know what that means, the shares must fade with it

Stellantis Makes $1.6 Billion Investment In Chinese EV Startup Leapmotor

While almost all other auto manufacturers, especially those from Japan, are mulling exits from China (where domestic brands are starting to dominate the EV market), Stellantis is doing the opposite and investing in an EV startup.

The U.S. based auto manufacturer who makes Jeep and Dodge brands said it would be investing 1.5 billion euros ($1.58 billion) into Chinese EV startup Leapmotor, CNBC reported this week.

Stellantis CEO Carlos Tavares said on Thursday morning: “Through this strategic investment, we can address a white space in our business model and benefit from Leapmotor’s competitiveness both in China and abroad.”

https://www.zerohedge.com/markets/stellantis-makes-16-billion-investment-chinese-ev-startup-leapmotor

I agree with that. Most of our leaders seem to be truly evil beings, compassion is missing from their personalities. We are cursed to live in “interesting times.”

Just as long as they don’t blow the whole place up!

I’d like to see Biden given a rifle and body armor and inserted into Gaza.

not sure if this one will get covered right away like it did the other day.

They’re trying to bounce the Nasdaq on a Friday, I guess so it appears all is well in the country and world.

Nothing is real anymore.

Eldorado Gold Reports Q3 2023 Financial and Operational Results

https://finance.yahoo.com/news/eldorado-gold-reports-q3-2023-210100187.html

Gold Resource Corporation Reports the Filing of a SK1300 Initial Assessment for the Back Forty Project

https://finance.yahoo.com/news/gold-corporation-reports-filing-sk1300-223100330.html

Comstock Inc. (LODE) Q3 Earnings Top Estimates

https://finance.yahoo.com/news/comstock-inc-lode-q3-earnings-225503350.html

KITTILA COURT DECISION ISSUED – KITTILA’S OPERATING PERMIT RESTORED TO 2 MILLION TONNES PER ANNUM; TOTAL 2023 GOLD PRODUCTION NOW EXPECTED TO BE NEAR UPPER END OF ANNUAL GUIDANCE RANGE

https://finance.yahoo.com/news/kittila-court-decision-issued-kittilas-110000518.html

Endurance Gold Closes Second Tranche and Provides Project Update

https://finance.yahoo.com/news/endurance-gold-closes-second-tranche-200200502.html

Troilus Files NI 43-101 Technical Report for the Troilus Project’s Updated Mineral Resource Estimate

https://finance.yahoo.com/news/troilus-files-ni-43-101-204400750.html

Benz Mining Corp Exercises Option to Acquire 75% Interest in Eastmain Gold Project

https://finance.yahoo.com/news/benz-mining-corp-exercises-option-013800656.html

North Peak Announces Drilling Underway and Directed at Geophysical Targets Under the Diamond Mine on Prospect Mountain, Eureka

https://finance.yahoo.com/news/north-peak-announces-drilling-underway-120000245.html

Lion Copper and Gold Corp. Announces Further Expansion of Bear Mineralization

https://ceo.ca/@newsfile/lion-copper-and-gold-corp-announces-further-expansion

Gold Line Closes First Tranche of Private Placement

https://ceo.ca/@newswire/gold-line-closes-first-tranche-of-private-placement

Generation Mining Announces C$15 Million Bought Deal Financing

https://ceo.ca/@globenewswire/generation-mining-announces-c15-million-bought-deal

iMetal Resources Discovers New Gold Showing at Gowganda West

https://ceo.ca/@accesswire/imetal-resources-discovers-new-gold-showing-at-gowganda

Blackrock Silver Announces Amendment to Silver Cloud Lease and Option to Purchase Agreement

https://ceo.ca/@newsfile/blackrock-silver-announces-amendment-to-silver-cloud

Lumina Gold Announces Conversion of Ross Beaty Credit Facility to Common Shares

https://ceo.ca/@newswire/lumina-gold-announces-conversion-of-ross-beaty-credit

Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder

https://ceo.ca/@globenewswire/caledonia-mining-corporation-plc-notification-of-relevant-39c68

Wallbridge Closes Private Placement of Flow-Through Shares

https://ceo.ca/@globenewswire/wallbridge-closes-private-placement-of-flow-through-b72e7

Alto Metals hits 55 metres @ 1.5g/t gold at Bull Oak

https://ceo.ca/@thenewswire/alto-metals-hits-55-metres-15gt-gold-at-bull-oak

Centenario Gold Corp (Formerly Aadirection Capital Corp.) Announces Closing of Qualifying Transaction

https://ceo.ca/@accesswire/centenario-gold-corp-formerly-aadirection-capital

Tier One Silver to Raise C$1.5 Million in Equity Financing

https://ceo.ca/@accesswire/tier-one-silver-to-raise-c15-million-in-equity-financing

First Mining Announces $5 Million Equity Financing

https://ceo.ca/@newswire/first-mining-announces-5-million-equity-financing

Silver Crown Royalties (SCR) to receive 90% of silver output from Pilar Gold’s PGDM complex

https://ceo.ca/@thenewswire/silver-crown-royalties-scr-to-receive-90-of-silver

The only thing we get from them is all bark no bite. I hope we don’t get the same from the speaker. One thing the demos got right is that they can’t even get along and agree with their own party and they think they can run the country?  Even though we know what direction the demos want to take us.
The only  reset we need is to take outcountry back from these demigods.

No real surprise over 900K people left CA. in 2022. I don’t know what a guy like Gavin Newsome thinks he’s going to govern going forward. I really don’t know what these people are thinking period, including the RINO’s in Congress who are willing participants in the open borders.

I guess ultimately they are all-in on the destruction of the US to usher in the great reset. Not exactly a world I want to live in.