Captain
The money gravitating toward Bitcoin sure seems evident in the miners. The problem we have is that we can never sustain a rally, so the minute these miners stop going up, they hit the sell button. That was so evident in this am’s open, just ridiculous. This has been going on for years now, at least a decade.
The banksters like Fink have completely destroyed the entire sector. It’s completely unreliable, regardless of what the metals do because they’ve destroyed them too. You’d think that would present an opportunity for them to make money on the upside, but nope, always down. Everyone is watching the COT Report, whenever the banks get short, they sell the miners.
The SM is rigged to stay up, but only the mega caps.
Happy Hour ……. ??
Evening friends
We cant keep having sour grapes over Bitcoin …….. but I sure feel like it …….. big moves in the after hours …….. incredible
Wonder if we will EVER have upticks like this?
Gold is breaking out in many world currencies ……. coming to a country near you …… “wishing upon a star”
Meanwhile gold stocks have trashed a good chunk of my PF
Freedom 70 is looking more like my reality
Onward Pilgrims
Winedoc
PS: I still check in daily 🙂
Buygold @ 13:52
It was a great day for Bitcon. It’s doing its job keeping people out of gold and silver.
It’s doing a great job because Larry Fink (the Rothschilds) say so.
Bitcon is a “safe haven” like gold according to them.
I hope the stock market goes down 90% and straightens out this situation.
Have a nice day.
AGI & SSRM
Having decent days up near 2%.
Nice, on an otherwise dismal day for the metals, they should be much higher, given the dollar and rates.
I doubt peace will break out, but a small sign of hope
Hamas Expected To Release 50 Dual National Hostages “Within Hours”
Israel believes major hostage release deal pending with Qatar mediation…
SM seems to be the only thing holding the shares together
Hard to understand – other than the rig – why the dollar and rates aren’t helping the metals.
The scum never seems to have to cover their shorts. Just everyone else.
old-timer
Thanks for the Kunstler. I’ve really enjoyed his stuff since he’s sort of abandoned his liberalism and seen the world for what it really is.
I think a lot of liberal Jews are beginning to do the same, questioning how they voted and who they’ve elected. Unfortunately, they helped open the pandora’s box and let the left, Biden/Obama, BLM, Hamas, dumbed down college kids, and the rainbow coalition, that have turned against them. It will be very hard for them to close it. They are at risk now.
Expect more corporations to jump ship on the woke stuff soon.
FWIW…
James Kunstler describes “consensual madness”.
Royal Navy Vice Admiral Sir David Beatty at the Battle of Jutland
“There seems to be something wrong with our bloody ships today.”
Wow, they really bombed the shares in the early going
glad I missed it.
Be nice if we actually came all the way back like the Nasdaq, but that just doesn’t happen in pm’s.
Dollar is favorable, rates came back to flat. Pretty wild action.
Smells like intervention.
Yep!
Yup! ⚠️⚠️⚠️ pic.twitter.com/SyUG0DgTvg
— Wall Street Silver (@WallStreetSilv) October 23, 2023
IAMGOLD Announces Côté Gold Project Progress Update and Positive Results of the 2023 Gosselin Drilling Program
https://finance.yahoo.com/news/iamgold-announces-c-t-gold-110000948.html
Freegold Intersects 1.05g/t Au over 164.3m including 1.48 g/t over 45.7m at Golden Summit
https://finance.yahoo.com/news/freegold-intersects-1-05g-t-114500120.html
Silver One Stakes New Claims Over Potential Porphyry Targets at Its Phoenix Silver Project, Arizona
https://finance.yahoo.com/news/silver-one-stakes-claims-over-041500772.html
New Found Intercepts 67.5 g/t Au Over 2.65m, 66.2 g/t Au Over 2.65m & 16.5 g/t Au Over 7.40m, Expands High-Grade Gold at Golden Joint to Surface
https://finance.yahoo.com/news/found-intercepts-67-5-g-103000864.html
Amex Reports High Grade Drill Intersects From Depth Extension of Eastern Denise Zone and Provides Corporate Update
https://finance.yahoo.com/news/amex-reports-high-grade-drill-110000943.html
NEVADA KING PASSES 57,000M AT ITS PHASE II DRILL PROGRAM – RESULTS FOR 137 HOLES PENDING AT ATLANTA
https://finance.yahoo.com/news/nevada-king-passes-57-000m-113000117.html
Highlander Silver Completes $3 Million Private Placement
https://ceo.ca/@thenewswire/highlander-silver-completes-3-million-private-placement
Cobre Panama Mining Concession Contract Enacted into Law in Panama
https://ceo.ca/@newswire/cobre-panama-mining-concession-contract-enacted-into
ALS GoldSpot identifies Multiple High Priority Targets on Finlay’s Silver Hope Property
https://ceo.ca/@newswire/als-goldspot-identifies-multiple-high-priority-targets
Pasofino Gold Provides Results for Trenches on Strike from Tuzon Deposit at Dugbe Gold Project
https://ceo.ca/@newsfile/pasofino-gold-provides-results-for-trenches-on-strike
Omai Gold Drills 2.26 g/t Au over 70.0m, Including 4.6 g/t Au over 19.2m at Wenot West Extension
https://ceo.ca/@newsfile/omai-gold-drills-226-gt-au-over-700m-including
Tier One Silver Renews Curibaya Project Community Agreement; Terminates Hurricane Option
https://ceo.ca/@accesswire/tier-one-silver-renews-curibaya-project-community-agreement
IMPACT Silver Announces Production Restart at the Recently Acquired Plomosas High-Grade Zinc Mine
https://ceo.ca/@newsfile/impact-silver-announces-production-restart-at-the-recently
Steppe Gold Provides Corporate Update – over 100,000 Oz Gold Production
https://ceo.ca/@newsfile/steppe-gold-provides-corporate-update-over-100000
Delta Intersects 2.25 g/t Au over 27.8 metres and Multiple New High-Grade Gold Zones at Depth, at Delta-1 in Thunder Bay, Ontario
https://ceo.ca/@newsfile/delta-intersects-225-gt-au-over-278-metres-and-multiple
METALLA COMPLETES C$15 MILLION EQUITY PLACEMENT WITH BEEDIE
https://ceo.ca/@newswire/metalla-completes-c15-million-equity-placement-with
First Mining Files Technical Report for the Positive Preliminary Economic Assessment for the Duparquet Gold Project, Quebec, Canada
https://ceo.ca/@newswire/first-mining-files-technical-report-for-the-positive-baf5e
Meridian Reports Gold and Base Metal Assays Up to 6.7% CuEq At Santa Helena
https://ceo.ca/@accesswire/meridian-reports-gold-and-base-metal-assays-up-to-67
Altamira Gold Upsizes Previously Announced Private Placement to $5.8 million due to Increased Demand
https://ceo.ca/@newsfile/altamira-gold-upsizes-previously-announced-private
Marathon Gold Provides Third Quarter 2023 Construction Report
https://ceo.ca/@globenewswire/marathon-gold-provides-third-quarter-2023-construction
Arizona Metals Intercepts 83.7 m at 3.6 g/t AuEq (incl. 15.3 m at 6.3 g/t AuEq) and 21.9 m at 1.3% CuEq (incl. 1.4 m at 5.7% CuEq) at the Kay Deposit
https://ceo.ca/@newswire/arizona-metals-intercepts-837-m-at-36-gt-aueq-incl
Element 79 Gold Corp Confirms Extension of Option to Purchase Maverick Springs Project
https://ceo.ca/@thenewswire/element-79-gold-corp-confirms-extension-of-option-to
Bravo Announces Maiden Mineral Resource Estimate of 4.1 Moz Palladium Equivalent (“PdEq”) Indicated and 5.7 Moz PdEq Inferred at Luanga
https://ceo.ca/@newswire/bravo-announces-maiden-mineral-resource-estimate-of
Dakota Gold Corp. Announces Closing of $17 Million Orion Mine Finance Investment
https://ceo.ca/@newsfile/dakota-gold-corp-announces-closing-of-17-million
Looks a little tentative out there
especially in the stock market.
10 yr. approaching 5% again at 4.987%, seems like it will bust above today, or certainly this week. Apparently 5% is the cracking point. Dollar is flat.
We’re not getting hit too bad, shares down a bit, with NEM leading down, but nothing crazy just yet. We still have that ugly COT Report hanging over our heads. We’ll have to see if the SM drags us down with it, lots of day ahead.
Oil back in the mid $87 range.
It appears Bitcoin is the new “safety asset” blasting above $30K. That’s disappointing for us bugs, at least me.
The rig is still omnipresent. Long live the rig.
Exposing illegal immigration and leads back to the WH.
A new record number of illegal immigrants just crossed the U.S. souther border. War correspondent Michael Yon is in the Darien Gap in Panama.
Plans to pour in Gaza refugees to be the next Gaza plus building a road to speed things up to keep up with demand.
@silverngold @ 23:43
Good interview with Bill Holter. I was going to link it here, but you beat me to it!
I likes the way he explained the way raising interest rates influenced the current price of debt purchased at a lower rate. And it’s impact on the way the system operates. Also, the story of Jim Sinclair hiring an actor to go to the floor of the exchange was really something!
Different days then
Harry Schultx, Richard Russell, and now Jim Sinclair, all gone. I wonder how they would describe today’s situation?
Bill Holter may be right about it being Biblical.
Here’s another post by S Puetz from the other day
I got sent but in a pin with a lot of charts but since GB get hit and many stocks don’t recover always good to be cautious I’ll send some of it.
Not anymore optimistic in his opinion who works on cycles.
In Asia, the problems are critical. Specifically, a black swan event that triggers global panic could originate from China. The Shanghai B- shares Index (middle of page 5) is already in panic mode and close to spiraling out of control. Essentially, the B- shares Index represents the private sector of the Chinese economy (companies not controlled by the state). The plunge in Shanghai B-shares is reason for concern well beyond Chinese shores.
It is often difficult to obtain real-time economic data. Most of the key indicators become available after a delay of 1 to 3 months. However, LME Warehouse stocks (bottom of page 5) are an exception, with physical inventories reported with a 1-day delay. The recent ascent in LME physical stocks strongly suggests that the days of supply chain shortages are ending, soon to be supplanted with unwanted inventories. Rising inventories, along with a sharp increase in Advance Layoff Notices (as required by the Worker Adjustment and Retraining Notification Act
Universal Cycle Theory Financial Newsletter October 21, 2023 Page 2
of 1988), indicate that a significant economic contraction is imminent. In combination with deteriorating technical conditions in the equity markets, unexpected economic weakness sets the stage for a crash. The high ratio of 10- year Treasury Bond yields relative to Junk Bond yields (top of page 6) provides a strong signal that investors are ill-prepared for looming economic weakness. The high ratio indicates that investors believe the economy is resilient and low-grade companies will be able to pay interest on their bonds indefinitely into the future. But the resilient economy hypothesis will likely be turned on its head in the coming days. In the process, junk bond yields will soar (causing junk bond prices to collapse), and financial markets will panic.
In recent days, some analysts have claimed that stocks are oversold, and a significant rebound will soon take place. However, numerous indicators fail to support this claim. For example, the 5-week average of Investors’ Intelligence Bulls-Bears (middle of page 6) remains near the overbought level it touched just weeks ago. Similarly, the NYSE 50-day Arms Index relative to its 5-year average (bottom of page 6) resides midway between overbought and neutral. Importantly, both long-term indicators remain far, far above oversold levels – as happened in late-1987, late-1990, late-1994, 2002, and early-2009. On a short-term basis, the stock market is also surprisingly overbought from several perspectives. These include unusually high levels for the NASDAQ 20-day Arms Index (top of page 7), the NYSE 20-day Arms Index (upper-middle of page 7), the difference between the Consecutive Up-Down Day Oscillator and Composite Oscillator 1 (lower-middle of page 7), and Composite Oscillator 1 (bottom of page 7). Over the past month, the heaviest trading volumes occurred amongst advancing shares, whereas selling climaxes typically terminate after several days of heavy volume in declining shares. In other words, investors and speculators are still actively bargain-hunting. The decline will only terminate after market psychology completely reverses, and investors sell at any price.
The latest margin debt statistics just became available, and the high ratio of Margin Debt relative to Total Credit Balances (top of page 8) illustrates extreme illiquidity within this sector of the market. The liquidity situation is more dangerous than early-2000, early-2018, and late-2021. Interestingly, the high ratio is not because of rising margin debt – which is contracting modestly. Instead, the ratio is soaring because Free Credit Balances are rapidly contracting both in Margin accounts (middle of page 8) and Cash accounts (bottom of page 8). The contraction of credit balances in margin accounts is less severe than the contraction from late-2008 to early-2009. However, the contraction of credit balances in cash accounts is unprecedented. It remains unclear why investors are pulling cash from their brokerage accounts in record numbers. The contraction could involve transfers to purchase higher yielding and more conservative Treasury securities, or consumers might be transferring funds to supplement their strained personal finances, or possibly both. Whatever the reasons, brokerage account liquidity resides in its worst state ever, and the deterioration persists. Collectively, poor liquidity, high valuations, deteriorating market trends, and overbought oscillators suggest that stocks will soon crash – likely immediately after the October 28 lunar eclipse, which is the traditional inflection point for triggering crashes.
Richard
That was a good post on supplements a while back,
Soros: that must be his idol.
I wonder if he’s preparing for something his financial handlers told him about the economy and panicked. I guess if he wound up owning nothing he wouldn’t be happy.
Ipso
Yeah tax through inflation. Everybody else has it harder than us you know so no real concern for others that generally if a adult due to their own doing and choices so they need to pull us down with them. Funny how there so greedy in getting their hands on our money while so selfish when it comes to them. Pagans lol but so true.
Yep
We cannot even afford world peace with $33.6 trillion in debt and deficits at $2 trillion plus per year.
— Wall Street Silver (@WallStreetSilv) October 22, 2023
Silverngold – Jonathan Cahn
Fantastic! It’s all coming together. Makes so much sense.
As much as I’m angry about these times, we are blessed to be living in them!



