Captain Hook
Re the Crazies…..the only way they can keep any power, is if elections are cancelled, a free vote will see them destroyed…..In the UK if an election was held now, Farages’s Reform would have a huge majority and Starmers Labour, would barely exist….similar in France and soon in Germany.
Starmer’s Digital ID is in Trouble…
… they are being forced to back off … now people need to follow through and root the crazies out of power …
… because all the money these idiots have was stolen from you … but being crazy … they don’t see it that way.
If stocks turn lower for real here, the crazies will lose power … hopefully enough to stop them in their tracks.
Everything is crossed
Treefrog
Yes, I know. Same with oil refineries, I don’t think we’ve built one in what, 50 years?
If this were wartime, and we needed them, you can bet those regulations would be stripped away and we’d have those things built very quickly. That’s what he needs to do somehow.
Gold and silver getting some traction now in early trading.
buygold, re rare earths…
mining rare earths in this country needs to get cranked up, but the larger problem is refining and processing. do you have any idea how long it
would take to get the needed permits for a new smelter in the u. s. under present environmental rules? roughly forever…
Aufever
Hard to say. Spot market opened and platinum and palladium are rocking. Silver lagging behind but still up. I’m not sure how much they can do as long as people are demanding delivery.
Maddog – yep
Trump came out with his own praise of Xi today. 4-D chess I guess.😂
If you want to get to Trump, just get the markets to sell off some. He hates it when that happens.
I will be happy when this country is able to produce its own rare earths, but mining restrictions have made it impossible in the past. I doubt he’ll get it done during his term either.
Our politicians sold us out to China, we still rely on them for too much.
PM devils
Have they already thrown everything they have at silver?
Probably not.
Is the ‘kitchen sink’ coming this week?
Not sure that referring to Xi as though he has PMT is going to go down well.
Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment.
I guess Trump skipped his cross-cultural training as well as diplomacy and arithmetic.
Buygold
Vance has apparently walked back a lot of Trump’s China tariff threat, hence the bounce in BTC.
ferret
Friday should be the ruination of Crypto, to see so many coins lose nearly 100 % in hours , should tell everyone to run like hell….
Bitcoin is roaring back now
up $2700.
I wonder if that might bode well for the SM tomorrow?
Seems every time we’ve seen a big selloff in the SM, it comes roaring back too.
Tomorrow will be interesting.
Maddog, ferret
Crypto may be doing what we all thought it would do eventually. I don’t know about Bitcoin but these other “alt-coins” will never recover from those losses, and if some of them are still barely standing, they are done now too.
The way the analysts are talking reminds me of the .com days, saying things will stabilize to keep people in. I don’t know why tariffs would matter to crypto, just the excuse. This will wipe out a whole generation of Gen Z crypto traders.
As for silver, Maloney said $60-65 this year. I don’t know. As you say, since they are out of supply, nothing else really matters, especially paper contracts. I hope it keeps going, especially if the SM crashes.
History?
It’s only been going 15 years.
Apparently this “historic” event was triggered by a guy imposing sanctions on a country. Whilst I understand the implications of these tit-for-tat sanctions if they truly are the cause of the “historic” event then crypto’s sensitivity to, well, anything really, is bizarre. What would happen if something serious actually occurred? Do crypto owners know why a sanctions spat would eliminate 100% of some positions? Clearly the 80% nuking of the top 100 “blue chip” tokens requires a new definition of ‘blue chip’.
Something horrible happened in Crypto on Friday….monster losses…near 100 % in some
Crypto Carnage: Trump Tariff Tape-Bomb Triggers Largest Liquidation Event In History
Buygold
Re margins
This time may be the ultimate squeeze…as during the Hunt run, the Hunts bought on margin, so they could be forced out, by raising margins and they were, they just couldn’t get the money in fast enough and of course there was a load of pressure to stop their backers, in the ME to stop the game…..Moccata was one US bank, that was days from going bust, as they had shorted all the way up….I was told that by someone who was in Moccata.
This time the shortage is for Physical metal and the price is still relatively cheap, having been suppressed for decades….. so it maybe much harder to to stop the run…….
However some of the price run, is tks to Tariff worries , if those are cancelled, we may see decent sell off.
