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1980, US debt was $908bn. Gold hit $800 on inflation concerns, which were squashed with high interest rates.
2026, US debt $37,000bn. If it’s shooting up because of inflation, interest rates cannot be used as a tool. Mr Market may push them up anyway, but 18% would kill everything. But all that debt means the USD is worthless anyway.
If the POG has anything to do with US debt, equivalent is $32,600/oz.
If it’s anything to do with M2, 1980=$1.5tn, 2025=$22tn, the equivalent is 11,733/oz
I’ve seen this headline more than once but picked him cuz he doesn’t lollygag along but talks fast. Tokenizing debt and devalue the token value to you. You should listen to this esp if you own treasuries money in banks! Side tracks haven’t listen to it all yet. To be financially ready and options. Involving gold and crypto.
I told them that I heard buyers weren’t taking junk silver.T hey said its just on hold. They are taking it because they’re not in a hurry to sell it but won’t bring the prices people would expect. 60 percent. So with the refinery issues they are getting a discount by holding it for now.
Gold still closed above $4200 and silver near $52.
The shares always do the most damage, and they were trashed as usual.
Hoping for a spike down Sunday night/Monday am followed by a reversal.
Could have been a lot worse and has been before, but if you were holding palladium today, you’d not be happy. Down $142, – 9% or platinum even, down $100, -6%. I thought the exchanges would stop trading once they were down a certain percentage. Maybe that’s only if they go up a certain percentage.
I’m pretty sure the supply problems in silver or delivery demands in gold haven’t been fixed since yesterday. They are rallying quite nicely in the AH’s, silver has just about retaken $52, gold up $20.
Deer79 – I think that’s a great move here. The shares are over done in this one session. Some down over 10% on a 2% move in gold? Craziness. They will come roaring back.
Captain – I’d think if they wanted delivery yesterday, they’d want it even more today.
“Outraged” Trump Refuses To Adhere To Global Carbon Tax On Shipping
The United States will vote “no” to a global carbon tax proposed by the International Maritime Organization (IMO) on Oct. 17, President Donald Trump said on Truth Social.
“I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax,” he said in the post on Oct. 16, urging others to reject the proposal.
“The United States will NOT stand for this Global Green New Scam Tax on Shipping, and will not adhere to it in any way, shape, or form.
“We will not tolerate increased prices on American Consumers OR the creation of a Green New Scam Bureaucracy to spend YOUR money on their Green dreams.”
The net-zero framework proposal that was put before the U.N. agency specializing in regulating marine transport would require ships to comply with a global fuel standard for large oceangoing vessels, 5,000 tons or larger, to force the shipping industry’s greenhouse gas emissions down to net zero by 2050.
Posted by Captain Hook
@ 11:44 on October 17, 2025
Oct 17, 2025 11:00 AM
Yesterday (Oct 16) 3,878 new contracts (12 tonne) were written on the October contract. Since the October contract is in the delivery period this activity is for physical metal to be delivered by the end of the month. That one day buy is just 19 shy of the single day record which was set earlier this year during the Feb 2025 contract. See the plot below to put things in context.
but a violent selloff like this is exactly what we needed. The more violent, the sooner we rebound. I’m thinking this is just the first of a few more to come. I know in the 70’s and 1980, the swings were monstrous on their way to $800. Heck, they saw $200 swings. This is really nothing, unless it goes on for a while, but I’m not sure it will. When we start having $500 swings, we’ll know we are getting close to the end.
I might add, if you look at the chart of GLD, there has been a down move like this every 4-7 days all the way up since this really got going in September. The SLV and HUI are somewhat similar.
Every time since then this has been bought and moved much higher
It’s a given that I’m not at all right in the head, but just my two cents. 🙂
That is a big coup for Orban and a large kick in the balls for the Globalists…..I would love to be a fly on the wall when the three of them get together …….some serious truths will be told.
I read yesterday that the 2011 $ 50 hi in Silver was a third of what the 80’s equivalent inflation adjusted….so with more inflation around since ….today would need $ 300 …..
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