Loading ...is advice that we’re seeing more and more. There’s a new one on ZH about the need for 500,000 engineers to build and run nuclear power stations and stuff by 2030 for the AI boom. Setting aside the fact that it will take three years minimum to train an engineer to complete newbie standard, it is impossible anyway because those with the weird GS and LGBTQRSTU ‘degrees’ are not capable of getting even a conventional non-productive degree in history, or English, or geography. They are incapable of thinking, or working. They rely on grade fixes to pass anyway. It is conceptually ridiculous to consider that with a few years study and training they could operate anything more than a screwdriver by 2030. Even then half of them will be offended by the term screw-driver (bound to be a white, male, heterosexual privileged term), and as for explaining male-female electrical and pipe connectors ……
60.00 has been hit in Shanghai tonight… looks like we’re gonna be having a lot of first time things going forward…
Look at the hair, around 1:15.
Fake as. And he simply doesn’t talk about this stuff.
Maddog, nor does he talk about anything so boring.
Who’s going to talk about anything so paltry as silver when it doesn’t matter to you, there’s no fun in it, and you’re dreaming about trips to Mars, global phone/internet from space etc.
Promethean
Ipso
Prior administrations let it go on too long and now we know why, the CIA was involved getting their cut. All and all it was empowering to many of the wrong people both here and there for way too long. It’s no accident they keep messing things up for the economy over and over again. Maybe afraid they’ll come after them. Maybe their time is here or getting close.
Now here comes the no surprise theft of billions of our dollars they alleged was war money
silverngold
re ~Musk and silver
That is almost certainly AI generated…..Musk does not talk that fluently ….he pauses and stutters far more.
goldielocks
I read someplace that the price of cocaine is up 30 to 40% in the US. I guess they’re having an effect
Probably getting tough to get volunteers for those drug boats!
Ipso 16:11
I don’t understand why they’re shooting at people in the water either when they’re no longer a threat. It looks more like eliminating the help and sending a message to anyone who wants to apply. Why not pick them up and get information. If it’s strictly drugs they’re doing this for they have other ways to get things across including abused like having poor people or trafficking them to traffic, swallow balloons with it and travel across and who knows what else they’ll come up with.
ferret
“But a couple of Venezuelan fisherman, clutching a shredded boat with no shelter from the sun, less so, IMO.”
Roger that!
Take both silver and gold off the table and you win. Keep playing the casino game and they win. Get silver and gold phyz
“Silver Soars as CME Freezes Trading — What Really Happened?” | ELON MUSK’S SHOCKING ANALYSIS.
ipso 16:11, you can see the logic, if they could be considered to still be combatants.
After all, that’s why they sank the troop ships in the first place, to stop them reaching the island. Maybe it would have been PC to let them reach land first, and then gun them down … war is a nasty thing.
But a couple of Venezuelan fisherman, clutching a shredded boat with no shelter from the sun, less so, IMO.
Cap’n, I’m not sure why people focus on historical highs, adjusted for inflation, as a metric.
Especially the 1980 peaks for G&S. Looking at those spikes it seems clear that there were special factors in play. It would be like looking at the share price of VW after the massive short squeeze and using that as a benchmark for what we should expect it to get back to. Three times galactic GDP, or something. Things have changed so much in 45 years that looking back to a point in time when the US Treasury still had billions of ounces of silver seems irrational. They supposedly finally ran out sometime in the naughties, at which point the POS was expected to explode ….
Industrial uses for silver have changed enormously too. Pre 2000 48% was used in photography (inc. x-rays) and was easily recyclable. Now the biggest uses are in solar panels and for military and space purposes, and recycling is impossible.
I checked out a couple of other commodities for price inflation. Since 1939 potatoes have increased in price faster than inflation, butter less than. The charts for both show wild swings, but I don’t think anyone would put a price target on either based on their 1953 or 1946 spikes respectively.
Just my thoughts. I reckon silver has a long way to go yet but as in all things constant vigilance is important. Just as substitutes (which were considered by the bulls to be totally impossible) for many REE in electronics and glass making collapsed REE prices in the naughties/early teens, a substitute for Ag in solar panels would do the same. And as the price goes higher, the incentive is greater, and there are several projects under way involving copper or graphite. Which does not detract from silver’s monetary characteristics, but substitution would have to put a drag on price rises.
Mr Copper
Tks for the Silver target…….a number of TA people have used the Cup and Saucer to predict $ 4 to 600
I think though you measure a Cup and Saucer by measuring the base, ideally off a Point and Figure chart….but no-one has the data to build them properly over 40 plus years, as you need the intra day data, to build a proper P&F chart….so it really is guess work…but u can say 40 years has to project miles up.
I think that’s usually how it was
I know there were exceptions, such as during the battle of Guadalcanal when Japanese transport ships were sank close to the island and the US aviators were told to machine gun the soldiers who were in the water … because they were close enough to swim to the island where they’d be added to the force there.
Surprised me when I read it but I guess it makes some sort of sense.
This was a first hand account … I never saw this info anywhere else.
ferrett @ 15:33
Good for the people who didn’t get jabbed! They dodged a bullet. I know the pressure on people in Australia to get the jab was intense!
“a particularly reactionary bunch at the last place we stayed – I don’t think we would have got in if we’d been jabbed!”
LOL … as it should be …
ipso 9:24, correct. It’s a flagrant breach of international maritime law. Murder.
https://www.iflos.org/wp-content/uploads/Presenation-Tomas-Heidar-1.pdf
The same rules apply during war, too. If you had just sunk a Japanese ship, you were obligated to pick up survivors, if you could do so without risk to your own ship; it was fine to high tail it away if you thought that there were patrolling submarines or a bunch of torpedo bombers on their way, otherwise stop and collect.
Alex Valdor @ 17:42 Silver Most Under Valued Investment
If this guy is right Silver will peak at $600/oz. Maybe even $700, to match the 1980 high of $50/oz.
He’s wrong. Back in 1980 a $1,000 face value of junk silver coins was up to $35,000, ($49/oz) enough to buy a typical house. They ranged from $25,000 to $40,000.
So today at $600k to $700k, per home, a $1000 bag would have to go to $600k or $700K to buy a house. There are 715 ozs of silver in a $1000 bag. Which means $979/oz in todays money adjusted for home inflation.
If someone has already posted this , my apologies « OASIS FORUM
ipso 9:30 Aussie vaxxed,
It’s quite simple. The 94% figure is greatly overstated. That’s why the cancer rates are so low. And the article didn’t mention the huge increase in strokes, they would also have been much larger.
We know the 94% is too high because of the number of people we know who didn’t have the vaccine. They are still popping up in conversations, now that they feel they can say so without being ostracised – nurses, doctors, teachers, tradies, retirees – some of whom gave up salary and are still recovering financially. We don’t actually know many people, we are not socialites, but I’d say we are currently at 30% to 40% of the people we do know are not jabbed.
It was the same in New Zealand earlier this year. By then, Mrs F and I were dab hands at spotting the unvaxxed, and after a short conversation with AirBnB owners were confident that we could mention the V topic safely. Again, rates in NZ seem vastly overstated, with a particularly reactionary bunch at the last place we stayed – I don’t think we would have got in if we’d been jabbed!
Buygold
Tks….it now looks like we do a C wave down for a while in shares…cud be down or sideways…..last rally was B wave and only did 3 waves up, again cnfms rally as B wave…had we done 5 it would have been start of next big move….so odds are we trade sideways to down for a while.
Maddog
Good call on the HUI/GDX double top yesterday. I wasn’t sure because they didn’t get up to the first top, close enough I suppose.
Seems overdone and manufactured to me. No real volume. I think they’re at the point that they’ll hit anything in the sector to keep folks away from the silver market. They’re in trouble.