Ronnie was a good un!

Looks like The Treasury (somebody?) is set to take possession of a sh*t tonne of Comex gold.

It’s different this time. Very different.

We find out tonight at 10 PM.

Everything is crossed.

America makes 10m autos a year, but Americans buy 16m. From April 2, 6m cars/light trucks will have a 25% tariff to persuade people to buy American, but you aren’t producing the cars to buy. What will happen to prices of American made cars due to increased demand and no increase in supply? Trump was quoted overnight as saying “If you make cars in America, you’re going to make a lot of money”. Indeed. You can slap 15%-20% on your sales prices for a start. That probably quadruples your net profit.

That game is not going to help them much longer.

Talk about a good-looking inverse head and shoulders pattern.

Hold on to your hat.

Cheers

Tks for the Buy signal….third highest ever….quarterly close on Silver….

here is a 1 minute chart of GDX that clearly shows how the PM shares were smashed down on the open…to try and set off a cascade sell,,,,no normal operation would hit a mkt like this……by the end of the day were back to unch….but minus that mad smash, the buying would have made an even better monthly close.

hit the shares into the close; even as the SM fully recovers. The BS just never ends with this stuff.
HUI 360 is just soooo important.

Definitely a win, especially after having to fight its way back.

Could happen and that was a good reversal in the shares today. Pretty bullish I’d think.

… and billionaires (whales) are coming into the silver bullion market … because they know what is coming … that the suppression will be ended with the capital rotation event unfolding now.

In that regard then … Silver Squeeze 2.0 is not a single day event … where today should be viewed as an awareness tool.

No … this is a long-term process … a process that will soon bring trend altering amounts of capital into the precious metals sector … benefitting the shares as well … as investors and traders enter up stream opportunities.

It’s just a matter of time now … with $35 an ounce the next target … which will trigger a profound buy signal once bettered … pointing to $50 possibly within the new quarter beginning tomorrow.

So hang onto your hats folks … and hang on to your gold and silver.

Cheers

PS Gold just triggered a Progressive Interval System buy signal to $4000 by closing over 2% above $3000 for two consecutive days in a row.

His take on what he thinks is going to happen with gold and war and related back to 1933 and revaluing gold and why.

One of my grandmother’s born in UK a fellow Brit during the 20s and on but don’t know how many years but during WW11 she also got to know a lot of high profile figures during those time frame including  movie stars. That was before the gov made the CIA. If I wanted to know about anything I could ask her depending on what it was. She knew Ron on a acquaintance basis. I liked him but he didn’t help on the borders in Calif and I wasn’t much in politics then but should of asked her if there was any link in cutting funds to hospitals with any cutbacks especially in Medicare for seniors.  I was working 40 hr weeks that was turning into 70 hr weeks because they stopped bringing in registry nurses ” on call” so couldn’t get relief to go home and had young kids and thought about working registry for awhile because there was no such thing as part time. Part time wound up full time and full-time was up in the air after the first 40. Not a good place to be when expecting with no relief and can’t go home either. I was already beginning to notice that when the economy was better registry’s were busy but something going on they weren’t. Then less a couple years later in the 80s  starting hearing insurance trouble, no increases to Medicare and us younger heard from parents problems with preexisting denials including for children so people were afraid the chance jobs or had to drop out to get medical for themselves or kids then we got news they were cutting coverage for pain meds for seniors on Medicare and learned funding for it was slowing. We ordered things like codeine for patients needing it before it went in effect but someone intervened which was a relief. Also cutting of decreasing registry help also started the recruiting of foreign nurses which then started nursing factory’s with shortcuts in training in at least one of the country’s the Philippines.

Hope those holding NAK are watching out cuz it about doubled in price today.

Re Reagan…… It was all the fashion back then …but you guys have everything you need , you can live without the rest of the world…..many other countries cannot, they have to trade/barter….it will be interesting to see how all this turns out……but you are not the only country with large debts, so does almost everyone else in the West…..but they all pretend, they are no big deal……

I remember everyone liked him, 1981 to 1989, but nobody realized all our wealth producing tax paying manufacturing jobs FLEW out of the USA ’81 to ’89. FLEW, machinery cars tools clothing everything FLEW or rather given away. Thats why we have a $36 trillion unpaid debt. I was in manufacturing, doing jobs for machinery fabricators and dealers.

To stimulate our economy, Reagon gave tax write offs if businesses would buy expensive machinery. Five years instead of 10 years. All the businesses I did jobs for, took advantage, and bought new machines made in Japan, Korea and China. How dumb was that dumb as a stump idea. The write offs should have been for American made machinery ONLY.

It doesn’t matter anymore, we or the USA has been impoverished the damage has already been done. On top of that, hundreds of millions of Americans gleefully bought imported cars, so they also contributed to the USAs decline.

By the way, I warned the owners of the businesses I worked for, and one by one they all closed down. Gone, finished.

Also during the late 1980s on late night TV, Trump was also warning us about the trade and budget deficits.

Ronnie was a class act…….he said this about Castro…”Calling a communist a liar when he is one is pretty frustrating. How do you insult a pig by calling it a pig?…. Fidel Castro is a liar.”

There is a marvellous book called ‘Reagan in his own hand’ a compilation of his radio address and general notes he wrote..

https://www.hoover.org/research/reagan-his-own-hand

Yeah that’s a shame …

I’m gonzo

I doubt the Europeans and Trump are working together…you should hear the language over here about Trump and his admin….I am much more of the opinion that Trump and Putin know exactly what is going on…..remember Trump has openly said Putin has suffered from the same persecution he has, from the same people……

… above $34 today should be considered a win for holders.

That is going to bring in more buying with multi-decade high closes in both the monthly and quarterly plots.

Hold silver and gold

In Latest Blow To European Democracy, Judge Rules Marine Le Pen Ineligible To Run For President In 2027

https://www.zerohedge.com/geopolitical/latest-blow-european-democracy-judge-rules-marine-le-pen-ineligible-run-president-2027

” It’s really hard to get people to want to go to war.”

LOL Wait til they start conscripting people to go fight in Ukraine!

Could cause some governments to fall. I hope!

Nice bounce off 350 HUI. They own silver still eh?

I think it would be great if the war just ended and we took care of our own. Ukraine and Europe can take care of theirs. It was good to see Meloni tell them Italy won’t be participating. It’s really hard to get people to want to go to war.

That’s exactly what is happening. This was just too easy for the cabal. Silver Squeeze 2.0 gave them the excuse to come down hard on it today.

You could see this coming on Friday via index topping tails and ratios.

That said, this weakness can persist – especially for silver as long as stocks are declining.

And stocks are set to be cut in half this year potentially with Trump’s policies disrupting global economies.

I would not read much more than only very short-term ramifications on silver from this however, because with gold increasingly becoming the #1 go to tier 1 asset in the world now (not gov’t debt anymore), this should make for a profound slingshot move in the shinny at some point in the not-too-distant future,

The gold/silver ratio is vexing the large round number at 100 again, so this should be viewed as a buying opportunity with an intermediate time horizon in mind given a complex level of constraints – with manipulation and naked shorting at the top of the list.

This raid was just too tempting for them to show the world who is still boss – or so they think.

They are wrong.

Mornin all

KOW