Seems like the invasion of Poland needs to be factored in there a bit?
Maddog @ 18:5
“No way” Well, that’s a piece of good news! It’s all just a bluff then, talk and of course Putin knows that too.
Maddog 18:51, lol, don’t forget we started WWII after Germany called our bluff.
And sent the BEF off under-equipped to be routed by the Germans resulting in that triumph of propaganda over reality, Dunkirk …. but hey, now we’ve got 260 warheads.
maddog
of course it’s the globalist banksters that are pulling the plug. It will be blasted all over the media for the next week how Trump’s tariffs have crashed the markets.
Problem is that the economic data this week has been surprisingly good in the US. Companies are hiring.
If he can right the ship with some short-term pain. God bless him.
Captain – yes
Silver is hanging on, only down $.25. It was down over a buck for about two minutes.
There’s a discrepancy between SLV and spot this evening. Seems to be around $.20 in favor of SLV.
Gold still reigns supreme. Hope it stays that way.
Remember all those years we were told that gold crashed with the SM because traders had to sell their gold to cover margin calls in the SM? Must’ve changed this time around.
The SM may well be being hit by the Euroweenies and Soros and Co……to mess up Trump…..
As these are huge moves for the overnight market….and the Tariffs are not that heavy.
Trump will need his own PPT
The only things standing at the moment are Gold and Bonds.
DOW down 2.29%, NAS down 4.2%, Oil down $2, Bitcoin down $2,200
No place to hide except gold.
I came across this article on ZH. Utah would have been the only state to have implemented a gold standard. The banksters clearly got to him.
Landmark Gold Bill Blocked! Mystery Looms Over Gov’s Shocking Veto
BY ITM Trading
Ipsofacto
Re war…..Nobody in Europe has any armed forces worth spit….and what they did have in terms of equipment, much has been sent to Ukraine and blown apart….
The UK army is now max 75,000 men/women and that is counting everyone…..Russia has 700,000 just in and around Ukraine, not counting another 1 million and vast reserves……..I live under a major RAF flight path, we used to see RAF aircraft flying over us most days…now we see the odd helicopter and the odd transport plane…say once a month…..We have run our forces down to nothing….no way can we start a war.
@Buygold re SM futures crashing
I also see the Bond prices way up, meaning rates are falling.
https://finviz.com/futures_charts.ashx?t=BONDS&p=d
The US Dollar took a drop too.
Buygold @ 18:18
Somebody is gobbling up all that cheap silver.
Chuckle
SM futures crashing
It has to be the tariffs.
Silver getting battered again. Gold fading.
We’re not going to get away unscathed if this continues. Buckle up for the death drop.
Something really screwy going on in the world spot market right now
Metals were flying AH (GLD & SLV), then spot opened and silver was down over a buck, gold down near $30.
Now gold is up $10 and silver down $.35
GLD currently at all-time high. SLV down $.08
Something breaking?
GLD and SLV rocking were pretty good in the AH but then the spot market reopened and the crush is on bigtime – WTF?
not sure what that’s about. Tariffs?
Good commentary, maybe maddog has it right, it’s just gold that’s going to really benefit because of a revaluation, and silver only gets a little of that bump because it’s less monetary and more industrial, as Goldie mentions. In which case, for silver it’s going to boil down to supply and how big a problem that really is.
If Trump revalues gold, he’s not going to get much bang for the buck if he just revalues to spot. Seems if he wants to make a dent in the debt, it will need to be multiples of that. Even at 5X he’s only got around $4 trillion.
Whatever though, these shares gotta move at some point – one would think.
All that being said, if whatever is happening in the spot market right now continues, those shares will get creamed. They’ve pulled the rug on silver.
Dog, a slowdown in the ROW and inflation to the US
Take beef, for example. The US cattle herd is at its lowest levels in forty years. It’ll take six years minimum to recover, in the meantime import prices increase by at least 10%.
Or steel. When did America last build a new steel mill, or aluminium, or oil refinery (1970’s for the last one I think) – so not only will import prices rise by 10% minimum (much more if from China, SK, Japan, India, Finland) but if you reopen shuttered mills you’ll be running at a competitive disadvantage using outdated production techniques. Lose-lose on the inflation front.
Or IP. I worked for a company making specialised, patent protected equipment, best in its field bar none, essential to the running of, for example, your aircraft carriers but with multiple other high volume applications. We had American warehousing and sales offices. All that will now cost you another 10%, 20% for similar situations from the EU, and we wouldn’t be setting up a factory in the US because, if for no other reason, the stainless steel is only made in Finland which would then attract a 20% tariff!
Tariffs. Great theatre in the hands of Trump, but be careful of the unintended consequences.
For Europe
I don’t know how far these drones can travel but people don’t look up. This injured Russian soilder just happened to be laying on his back when a operator of a drone dropped a grenade on him but he threw it before it exploded.
Adogsbody
A slow down was in effect way before the tarriffs due to inflation getting out of hand and still is. Trump’s not looking at immediate hand to mouth games that run out with the money but the end of free rides with tarriffs that been ripping us off for years. But just like they used Covid to bury the debt crisis or perhaps the insurance policy to stop the angry citizens when they find out the swamp bankrupted the countries or this time using war. Lol
Buygold
Remember the initial reason for buying silver is tied to the economy and industrial value and except for a global minority who see the barter value. What level it follows gold it looks like can depend on the economic health or GDP of each country with many countries are having a political issue with right now which them affects other country’s.
Perhaps though the Fed may have some effect on it if they go into reversing the interest rates to lower. Gold on the other hand is a insurance policy of theses issues, and more.
With all going on in the paper market with its manipulation, some wanting things to go faster than norm including the natural inclination to selling into highs expecting to buy back at lower level where there is a imminent concern going on who want to hold on, who’s gonna trust that as a safe haven.
Tariffs
Looks like a global slowdown is coming…..
Dog
Maddog @ 15:50
I think the dangerous thing is that if the UK and Germany and France get involved in a shooting war with the Russians in Ukraine. Then maybe the US could get dragged in … but you are right, their militaries are very weak and even with a build up they won’t have much for years. Putin won’t be waiting for years, by then all of Ukraine will be his.
I think you’re right about Trump and Putin, they are on the same page and if Trump is smart then the US won’t get involved in a wider war.
Sure seems like the deep state wants a big war. Madmen!
Hey maybe we can make Germany and France the 51st and 52nd states!
Buygold @ 14:44
They are definitely trying to dampen interest in the sector hoping the investing public continues to give it a pass in spite of escalating earnings.
They have the magic money machines, and they use them every day.
Ironic, no?
ipsofacto
Re Dogs of war and Gold
The only serious wars can take place between Russia, China and the US…..plus India……no-one else has the armed forces….Unless Xi goes at Taiwan, I can’t see Russia and the US, they are just starting to sort out the problems and both Putin and Trump talk the same language…..
IMHO Gold is moving because it will get revalued …I listened to Musk talking about how seriously they are taking the debt problem…these are serious business men, they know they have a chance to sort it out, but cannot wait …they are deadly serious…revalueing Gold will be major step, to solving the problem….why else is only Gold really moving, Ag, Pall and Plat are dead in the water, the ratio’s are going worse and worse…..Gold is the one…..other will follow, kicking and screaming….
Captain
Whatever they are doing is working. We’ve seen this long enough to know that extended pauses in the shares, don’t bode well for the metals. HUI 360 should not be that big of a deal. Can’t even speak of the juniors that are performing like gold is $1600 and silver $20.
Earnings will start to roll in next week and should be stellar, but if the metals aren’t moving forward, the shares will get hit regardless of earnings.
Buygold @ 11:18
They are holding both the shares and silver down in order to keep gold contained.
More physical went out the door yesterday.
Gold Futures Volume & Open Interest – CME Group
They are bleeding gold right now but they have silver contained with the threat(s) associated with liquidity concerns.
It’s a mind game being aided by algos/machines.
I just don’t see how silver does not break higher to at least $37, but if it doesn’t before stocks continue crashing, it’s conceivable they smash it down to the cost of production again.
I don’t see that happening because the Dow/Gold Ratio has reached an intermediate support level, which should bolster stocks for a few weeks at a minimum.
DIA:GLD | SharpCharts | StockCharts.com
In this time, you would think silver can blowoff a bit up into the $40 area – maybe a bit better – but who knows.
I can guarantee you DOGE will never be looking into any of the market(s) watchdogs.
I can guarantee you that.
Come on people, and quit refusing to see what you see happening right before your eyes.
You buy the shares, they go into your brokers account, BlackRock has a deal with your broker to rent/lease/borrow your shares from your broker so they can short the shares you just bought and they are not naked short because they borrowed your shares to be able to legally short them so they never have to cover….so the share value goes no place while the physical goes through the roof, and you sit there scratching your heads and wondering why? Heads they win and tails you lose.
IMO this whole stock market has become a rigged Casino since BlackRock and Derivatives have figured out how to “legally” rig it. Better get physical in your hand while you can. All just the opinion of Silverngold! FWIWBWTHDIK!
Buygold @ 11:18
Amazing to think that we are at record highs in gold and many of the shares just aren’t reflecting it. Who’d have thought of it 10 years ago.