Loading ...Maybe why the death cross on the dollars, just speculation. Repo market and the hedge fund and bank bailout. The Fed money is heading for a liquidity crisis. It’s being depleted fast, real fast. See the chart. Money printing on its way. If 400 billion left two weeks ago and only 98 billion left now, at this pace it’s heading for zero real soon. Couple minutes long.
Mr Copper
I just don’t know enough about it and don’t pretend I do. They are making the magnets in Texas. I have no idea what they make them for, deep sea fishing? That’s the problem. If I ever bought it, it would be on TA only. Because it’s in California, one of the strictest states that even infiltrated Amazon on what they can send here. So they would be wise to make a arrangement with another state or even Mexico to make anything. I know someone who’s a geologist and chemist. I could ask her come to think of it. She’s from Texas and we’re were just talking about mapping. One of the things they learn to do in open terrain.
mr copper, re 21:21
that is the crux of the rare earth problem.
current EPA regulations make it damn near impossible to build new smelters or refineries in this country. a similar situation prevails in many other countries. 🙁
Mountain Pass isn’t a great deposit.
No dysprosium, for example, small deposit, but it is in America. Refining is complex and expensive, they can build their own refinery which would only run a day a month for the heavy elements, for example, enormously expensive but – strategic national security.
Re Inflation
Inflation is no problem, if the country has a lot of work to do, and our businesses profits and employee wages keep up or surpass the inflation rate. Thats how it was thru the 50s and 60s until 1972, you could quit your job and get another one in a half hour with higher pay.
After they took the Dollar off gold in ’71, and the dopey dollar dropped, oil and everything we up in price, and they stopped raising the minimum wage. At the same time our anti American Gov’t rigged everything so our jobs went off shore so we could import cheaper products. Naturally thats when the wives started working and doubled our workforce.
@goldilocks
I assume you know, that rare earths are not really rare? Its the refining of it that is very rare, and China has that ability. MP could be a good bet, its US based, and the gov’t wants to move production over here, but who will refine it.
Mr Copper
Your about right. It makes me more interested in it now though other than a possible short term trade if they have what AI needs and they’re starting to processing it now.
I remember molycorp from way back early 2000x when they did a hype on rare earths that if I remember didn’t have such a big production going on and the chart didn’t good at all. I just hope it’s not a hype now and they have plenty of rare earth to uncover and produce.
Here’s a more detailed breakdown:
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Molycorp‘s Bankruptcy:Molycorp, the previous owner of Mountain Pass, experienced financial difficulties and ultimately filed for bankruptcy in 2015.
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Mountain Pass Mine‘s Acquisition:The mine was purchased at auction in 2017 by a new entity called MP Mine Operations LLC (MPMO), which was a consortium formed by JHL Capital Group and other investors.
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MP Materials‘s Formation:MPMO was later reorganized as MP Materials, a company that now operates and owns the Mountain Pass mine.
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MP Materials’ Operations:MP Materials has since ramped up production at Mountain Pass and has also begun vertically integrating, processing rare earth elements at the mine and manufacturing magnets
Fed Speech and Q&A video.
I don’t like how he labels it tariffs could cause inflation. It’s not inflation as a devaluation of dollars like they do, it’s possible price change while things get resolved one way or another that should lower inflation at some end point and not anything much the Fed can do by lowering of raising interest rates.
https://www.barrons.com/livecoverage/jerome-powell-speech-economy-fed
Maddog @ 19:05…Thanks! Great to know……
……. but my emphasis this time is stacking. IMO that will be the only winner this time! I think a part of the cleanup, when they introduce the new One World Digital Crypto Control and Surveillance System, will be the elimination of the thousands of worthless Derivatives,…..and their Counter Parties will just disappear into the night ……………. I’m not seeing any winners this time; only survivors with SilvernGold!!
Don’t know how to title this because it shows how all the rich are working together. Just go down this rabbit hole and you will see it all.
It’s worth this 28 minute exposure to see how impossible it is to untangle this oligarch mess. What comes to mind is this famous quote.
“Oh what a tangled web we weave when first we practice to deceive” .
@Buygold Re No Gold Hoopla
I have been thinking the same thing lately. Maybe TPTB don’t want it lower anymore. It would fit my everything is in reverse view. Gold could be the US gov’ts insurance policy, to gain enormous value and pay off some debt?
Does it seem like this move up in gold
Has come with a lot less fanfare than in past moves? I remember how big a deal it was when we hit $1k and $2k.
We went right through $3k quietly. No articles out there predicting the next sell off or how overbought we are. Maybe I’m just haven’t seen them.
Maybe all the prognosticators are just stunned by it.
silverngold
If you put in a sell order way above the mkt, as a GTC…yr broker cannot lend yr shares out……i believe.
Geez, Gold Up $22 more after hours to $3,368
When it was $3000/oz my friend didn’t want to buy the high.
@goldilocks re the old MolyCorp
I just googled “molycorp mp materials” to make sure.
Part:
MP Materials is a rare earth materials and magnetics producer that acquired the Mountain Pass mine in California from Molycorp after Molycorp filed for bankruptcy. MP Materials restarted mining and processing at Mountain Pass in 2018. The company aims to restore a fully integrated rare earth supply chain in the United States, including mining, processing, metallization, and magnet manufacturing.
Comment:
I have three under water Silver miners, AG CDE and HL from years ago. I even have silver coins I bought in the 1970s around $15/oz and it only doubled in value. A few times we all know, it popped up towards $50.
Meanwhile everything else costs about 20 times more. Silver to me is like a penny stock compared to Gold, the blue chip of metals, considered real money. In fact, anybody that owns gold is seeing deflation, because the real money Gold buys a lot more stuff.
than it used to.
Mr Copper
That’s Moly, really!? I haven’t bought it just watching it but side tracked with other things no stocks so watching is more hobby or habit quiet time lol
Maddog, I agree but the key word is SHOULD!
Have you recently received a notice from your broker telling you they can/will lend out your shares if you do not notify them that you will not allow it?? I/we have two brokers and both have recently sent out a similar notice which was, I believe, discussed here on this forum. So investors have been notified, but does that make it legal? Probably!
GDX plus 2.6 %………Au plus 3.4 %
Those Algo’s are gonna cost their owners way more than they ever made……
@goldielocks re MP That’s the old Moly Corp in a western state
The chart looks ok, but I’m sticking with my Gold miners, AGI DRD SAND IAG ORLA
No second amendment there
At the University of Amsterdam, Jihadists beat students with sticks.
Europe is committing suicide.
silverngold
The certificates should be with the Buyer/his broker….that they maybe aren’t just makes life more difficult and should be policed properly.
Mix match
Dollar down a little bit for what it’s worth 50-200 MA made a death cross today. Yields and SM correlation to where there gonna put their money. Gold still doing well but near multi year top.
Mr Copper MP anticipated pull back yesterday took the one day gains but failed to fill the gap and moved up today but sold off more than half. This is a time I don’t like to trade but if anything add any longs Divi speaking on the next support levels less it’s clear it’s still headed lower. With SM it could be.