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6h
A Japanese woman just married her AI boyfriend, marking the world’s first human AI marriage.
Bonkers
What do long term bulls do who are not in yet…..
Do they sit back here and hope for cheaper share prices…or do they treat this sell off as a God sent opportunity to get in…..do long term bulls who have some are in panic out and dump everything, they have just bought…..or again do they use the sell off……meanwhile shorts have just seen the mkt tear them apart, do they add or thank God and cover….
Some machine shortswill add as this was just another rally to short
It’ll sure be wild though !!!
goldielocks
Read the text. That’s what this article is about. Not what Hillary looks like in a bathing suit.
Ipso
So she’s gonna share it and ruin everybody else’s entire week too? Are you sure it isn’t photo shopped.
goldielocks @ 8:37
Hard to think “The People” will just let this stuff slide.
Deer79
Yep, yep, yep exactly.
Pm smash
Quite the hit this am. I know the equities will ratchet down but even after the smash today most miners are getting considerably more than 3 months ago.
Dog
Ipso
I guess the treasonous Nazi psychopaths realizing their not wanted. First they came for the Jews and now everybody else. Finding excuses to steal the citizens money. Why don’t they just cancel their elections, no different than what their up to. A prelude to their digital banking.
Maddog @ 8:27
The lunatics are in charge of the asylum!
Good thing Germany doesn’t have nuclear weapons.
Go long tear gas!
ipso facto
Re Germany…classic WEF tactics…..just like Turdeau in Canada…….
They are talking of Conscription there now…as they gear up for WW III…….hopefully the Globalist plot will fall apart before they get to start WW III……when the Germans talk of war and they start going mad, we should all worry.
Goldielocks
Not to be repetitive, but you mentioned the shorts trying to “paint” a bearish picture, IMHO,is spot on.
I have to think that they know they’re losing the war, but can still push around the metals, on a much shorter time frame. The speed at which these waves come is truly amazing, and “perception” is one of the scum’s most valuable tools.
Maya
If you mix gold with copper it will preserve it or so Europe figured out with its angle lamps of past.
How can these policies not end in violence?
Mario Nawfal
@MarioNawfal
🇩🇪 GERMAN BANKS FREEZE AfD ACCOUNTS IN ESCALATING CRACKDOWN ON DISSENT
Multiple German banks are shutting down accounts linked to AfD, now the country’s largest opposition party, without explanation, citing “banking secrecy.”
AfD leaders call it political debanking, a financial weapon to punish opposition to illegal immigration and defense of traditional values.
This isn’t isolated: from Berlin to Düsseldorf, accounts are vanishing, including party donations and personal banking for elected officials.
Behind it all, Germany’s intelligence service labeled AfD “far-right” for challenging gender ideology and open-border policies, effectively criminalizing dissent.
When “democracy” means freezing your opponents’ bank accounts, maybe it’s not democracy anymore.
That was fast. One of the 100 plus business
Set to open business and jobs here is already up and running.
Toyota Motor said on Wednesday it had begun production at its $13.9 billion North Carolina battery plant as it ramps up hybrid production and confirmed plans to invest $10 billion over five years in US manufacturing.
The Japanese automaker first announced the plan in December 2021 to produce batteries for its hybrid and electric vehicles. Batteries from the plant are set to power hybrid versions of the Camry, Corolla Cross, RAV4 and a yet-to-be-announced all-electric three-row battery electric vehicle. The plant is producing hybrid batteries for factories in Kentucky and a Mazda Toyota joint venture in Alabama.
“Over the next five years, we are planning an additional investment of $10 billion in the US to further grow our manufacturing capabilities, bringing our total investment in this country to over $60 billion,” said Toyota Motor North America president Ted Ogawa.
Toyota’s 11th US factory, on a 1,850-acre (749-hectare) site, will be able to produce 30 GWh annually at full capacity and house 14 battery production lines for plug-in hybrids and full EVs. It will eventually employ 5,000 workers.
Last month in Japan, US President Donald Trump said Toyota planned a $10 billion investment in the United States. “Go out and buy a Toyota,” Trump said. He has been critical of Japanese and other auto imports and imposed hefty tariffs on imported vehicles.
Toyota has been one of the slowest automakers to move to full EVs but has rapidly moved to convert its best-selling vehicles to hybrids.
“We know there is no single path to progress,” Ogawa said on Wednesday. “That’s why we remain committed to our multi-pathway approach, offering fuel-efficient gas engines, hybrids, plug-in hybrids, battery electronics and fuel cell electronics.”
Other automakers like Volkswagen have said they will add more hybrids as the Trump administration has rescinded EV tax credits and eliminated penalties that incentivized EV sales.
Transportation Secretary Sean Duffy said at the event the administration plans to soon propose to ease fuel economy standards, saying prior rules were too aggressive.
Duffy in January signed an order to direct the National Highway Traffic Safety Administration to rescind fuel economy standards issued under President Joe Biden for the 2022-2031 model years that had aimed to drastically reduce fuel use for cars and trucks.
Silver and gold
Is getting pushed back through that invisible barrier. I see what the shorts trying to do to paint a bearish pattern. Hope they don’t get away with it although if they do is shouldn’t last it’s another buying op.
Barrick had good news.
The company announced it would reward shareholders with its growing pile of cash. Barrick said it is increasing its base quarterly dividend by 25% to $0.125 per share and adding a performance dividend of $0.05 per share, for a total dividend of $0.175 per share for the current quarter.
Barrick also said it has repurchased $1 billion of shares so far this year and will expand the existing buyback program by $500 million, bringing the total to up to $1.5 billion for the year.
“Higher gold production combined with lower costs and strong commodity prices drove record cash flow for Barrick in Q3,” said Mark Hill, Group Chief Operating Officer and Interim President and Chief Executive Officer. “This allowed us to significantly increase share repurchases while also making progress on our key growth projects, maintaining our industry-leading balance sheet. Given the confidence in ongoing cash flow generation and shareholder focus, the Board has approved a 25% increase in the base quarterly dividend. Our portfolio of world-class assets continues to grow, as demonstrated by the generational gold discovery at Fourmile in Nevada.”
Barrick said its record earnings come as production improved this year. The company reported producing 829,000 ounces of gold between July and September, a 4% increase from the second quarter. However, third-quarter production was 12% lower compared to the same period last year.
Meanwhile, copper production in the third quarter was 55,000 tonnes, 7% lower than in the second quarter.
The company also appears to be keeping its costs in check. It reported All-In Sustaining Costs (AISC) of $1,538 per ounce, down 9% from the second quarter and up only 2% from 2024.
Looking at gold prices, Barrick reported average realized gold prices of $3,457 an ounce, up 39% from the third quarter of 2024.
England
Off topic but still in England. I watched a English movie Goodnight Mr. Tom yesterday staring John Thaw. He was a good actor gone too soon. I wasn’t aware they moved children around like that during the war. A shame they couldn’t evacuate the whole family or at least one parent to keep them from being orphans.
Pennies Despite their lesser value since the first one minted we wermt around yet probably wouldn’t hurt to try to get the last minted ones and keep them in good condition to pass down with the advice Maya gave and warn the kids not to handle them with bare hands.
Pennies through the ages
Top left is the 1797 “Cartwheel” penny. Worth its weight in copper, 1 oz at the time. Now worth about 30 US cents, copper value. One penny = 1 oz copper. Called a cartwheel, ‘cos it was very heavy. “Pocket buster” might have been more appropriate. Top right is a mid-nineteenth century Victorian penny at 9gm, a third of an ounce, very worn because it too is pure copper. You can see how much thinner than the cartwheel it is. The next three are bronze pennies, also a third of an ounce, copper with a hint of tin to give hardness, so they aren’t so worn. Bottom left is the obverse of the 1967 penny, the last pre-decimal one. Bottom middle is a 1986 decimal bronze penny, worth 2.4 of the penny on its left ….. which it replaced in 1971.
Bottom right is a 1994 copper plated steel penny, hence the dullness and corrosion.
Inflation in nine coins. Well, four really. Cartwheel, Victorian to mid Elizabethan, bronze new P and steel new P.
15th February 1971. Biggest currency con ever imposed on the British. The penny, the “d” in LSD, Libra, solidi, denarii, Pound, shilling and pence, eliminated. Two millennia of worth reduced to a copper coated steel counter.
{edit} the denarius used to be silver (of course) until it became so clipped and diluted with copper that they just moved to a copper coin.
Maddog, yeah, that’s the point though.
He’s absolutely spot on – but the markets can remain irrational longer (one day, in this case!!) than he could remain solvent.
I was short a gold miner a couple of decades ago. The pit wall had collapsed, and it was so obvious that they were insolvent, as they couldn’t meet their hedges. But the brokers called in the short before it got too expensive … all legal, read the small print etc. Still, infuriating.
UK Gilts. What an oxymoron. Nothing ‘gilt’ about them. ‘Guilty’, maybe, of all sorts of misconceptions.
PM selling etc
Do we have a pre-emptive move in PM’s/mkts , before the US goes into Venezuela …Oil has been sat on, as have PM’s…maybe those moves triggered the sell off in the SM…..
wanna see some blatant CB intervention
UK gilts opened well down/rates up today as the mkts start to panic about the cretins running the joint ( about time )….yet for some strange reason, they soon eased off, rates down …..here is a chart of the 5 yr….with the present government, nobody sane would be buying them.
ferret
Re Burry…..Tks…Sods law at it’s best/worst….His mistake if I can say that, as he is certainly a great analyst, is that he used options, which if yr not spot on on timing, wreck any long term trade…I gather his great Big Short call also suffered from time decay, so he never banked the billions he should have.
Someone here once said that PM Mining shares are like a perpetual call option, without any real time decay…..we may soon hopefully see that play out.
Pennies
Been a coin collector all my life but was very disappointed in the quality of the penny coinage after 1982 and stopped collecting them. Gave my collection to nephew and urged him to finish out the modern penny series now that it’s going away.
The copper covered zinc is a poor choice of metals. It is a biMetal battery. Therefore it is self-deteriorating and rots easily with moisture and tiny bits of environmental acid. New pennies left in soil for a year simply dissolve. Only way to preserve them for collection is to catch them new & shiny and encapsulate in a dry, air tight container.
But I have many pounds of pre-1982 solid copper pennies stored in jars.
Gold Train
Do you know the way to San Jose?
https://www.railpictures.net/photo/889660/
https://www.railpictures.net/photo/889659/