Loading ...they sold down the shares into the close. Typical scum reaction. If they can’t get the metals they’ll get the shares, anything to keep enthusiasm from coming into the entire sector. AEM was particularly weak all day, yesterday as well, putting pressure on the HUI/GDX.
$62 is about here. $64 tomorrow?
There are many restrictions on building repairs in Oz. You can still change a light bulb, but if you want to change the fitting, or a socket on the wall, or a tap, install airconditioning etc etc you need to use a licensed electrician, plumber, aircon expert. Any job over $10,000 (value, i.e. including labour) has to be done by a licensed builder, e.g. kitchen or bathroom renovation. It is a long standing scam by the unions forcing government to implement all this in the name of safety. The quality is often so bad that a fifteen year old could do better. If anything goes wrong, you only start the arbitration process once if you want to keep your soul.
I can totally rebuild the brakes on a truck without a licence; pistons, rubbers, hoses, seals etc. But not change a tap washer. Money for the boys. Chris should find a local yobbo who will heave a brick through his window for a tenner destroying at least three panes and leave it to the insurers.
I think it is Powells comments as Bonds eased and the SM jumped all at same time….sounds like we get easy money/QE to stick a Turbo Charger onto the PM bull…..
I guess we don’t have to wait until tonight. It appears they were unable to obtain the desired waterfall and have been forced to cover.
Thing of beauty.
somebody big took their foot off of silver’s neck.
Re robotics and silver….lightness and conductivity…can’t beat it…only Gold can…..
from Grok
Electrical contacts and connectors
Silver has the highest electrical conductivity of any metal (even better than copper). Robot joints, sensors, switches, and high-reliability connectors often use silver or silver-plated contacts to minimize resistance and heat buildup.
Soldering
Most electronic circuit boards in robots (including the “brain” controllers) are assembled with silver-containing solder alloys (e.g., SAC305: tin–silver–copper). Silver improves strength, fatigue resistance, and conductivity compared to old tin–lead solder vs. traditional tin-lead solder.
Sensors
Many MEMS (micro-electro-mechanical systems) accelerometers, gyroscopes, and pressure sensors in robots use tiny silver or silver-alloy components.
Some high-end tactile or force sensors use silver nanowires or silver paste for flexibility and sensitivity.
Motors and actuators
High-performance brushed DC motors and some slip rings use silver–graphite brushes because silver dramatically reduces electrical noise and wear compared to copper–graphite.
Batteries
While lithium-ion cells themselves don’t contain much silver, many battery management systems (BMS) and high-current connectors in robotic platforms are silver-plated.
Antimicrobial coatings (in some service/humanoid robots)
A few healthcare or food-service robots (and some consumer robots like certain vacuum models) use silver nanoparticle coatings on touch surfaces because silver is naturally antimicrobial.
Reflective surfaces / mirrors in LIDARs and optics
Some precision optical systems in robotic vision or laser scanners use silver coatings because silver has the highest reflectivity across visible and near-infrared light.
In short:
You won’t see big shiny silver blocks in most robots, but if you look at the microscopic or high-performance level, silver is everywhere in modern robotics for its unbeatable combination of conductivity, reflectivity, solderability, and (in small amounts) antimicrobial properties.
A single advanced humanoid robot can easily contain several grams to tens of grams of silver, mostly in electronics and contacts. Industrial robots and drones often contain even more in their control systems and power distribution.
They are throwing all sorts of paper at the metals right now. Wholesale dumps not worried about price, not massive dumps, just consistent. So obvious, for what? To show that the Fed is in control? The dollar and bonds are fine? Pure comedy.
That’s OK. China and India will thank them tonight.
I didn’t know robotics even used silver. You’re right, that might be the most compelling reason to buy silver and the miners.
The Captain’s article about the miners is spot on. They haven’t even really begun to roar, they are just ridiculously cheap right now.
Looks like we might have to wait until tomorrow before we see the pm’s start to run on the news of a rate cut and what appears to be the beginning of QE.
…3 dissents, downside risks to employment rose, Fed will begin buying T-Bills on Dec 12th…
On Fed day, it’s a given that the scum will have everything under wraps and in full control.
Looked like it at first as pm’s came roaring back with the shares and the dollar slid. Then it cooled off, but now appears to be moving back up.
What will Powell say to keep pm’s from rising?
BTW – if the EU were to do that it would be suicidal. Those people are insane – Clearly. I honestly think they want a nuclear war with Russia. I think they believe they can survive it. Doesn’t it seem like evil is pushing awful hard to fulfill the Book of Revelation?
Anyhoo, the rally monkey 🐒 is back. PM’s have reversed but they are working hard to keep them from popping. Powell on deck.
Unless there is a deal in Ukraine ,very soon. I can see Trump walking …threatening to cut NATO loose and then doing it,…..The Euro’s cannot have peace, as then the books get opened and they are looking at jail/ruination.
The row over X, has barely started, again unless the EU backs down Trump will retaliate, as that whole story stinks…..I saw ystdy that the bEU made more in fines last year off US co’s than it earned in TAX from them !!!!!!
A split could well be around the corner…..
Re windows…….yr right it is completely out of control, the Blob is a make work scheme and that window example is a perfect example……a friend wanted to get into the building biz a few yrs back, for when he actually retired, doing 3/5 houses at a time…
He had a plumbing biz, his mate was a builder and they both knew many landowners, who would sell them land, at good prices for a cut of the profits….they gave up, before they even started, as the regulatory costs ate nearly all the profits !!!!!!!
Only large estates get built mostly as they can spread the costs over many houses…..
Their new name will be Contango Silver and Gold, so we lose the “sex appeal” of a beautiful Trout, Dolly Varden Silver, known to be a rich EXPLORER in BC’s Golden Triangle, for , to me, an unknown new PM name, Contango Silver and Gold… but we gain the status of being a PRODUCER with many excellent drill results, and at a time when production is extremely important. I expect this name change will be a setback for awhile until this merger and new identity become known, but I personally will be adding to my current position during that lull. FWIW from SNG!
This is what socialism does.
Besides what they did to Los Angeles Fresno San Francisco and other areas with open borders, putting them in management to bring more in be businesses or housing with multi people usually all men or had multi kids born here getting welfare living in one space.
Eloro Resources Intersects Highest Silver Interval to Date at its Iska Iska project, Southern Bolivia with 72 metres grading 294.81 g/t Silver within a broader interval of 180 metres grading 164.74 g/t Silver in Hole DSB-93
https://finance.yahoo.com/news/eloro-resources-intersects-highest-silver-120000620.html
It’s such a crazy idea that I don’t think they’d do it. Then again they do a lot of stupid things … and they are desperate.
Trump should stick it to them over that $140 million fine for X. I’m sure there’s plenty he could do. It’s just a kind of theft!
Yeah, I hear you. Some saying “that’s great” and some saying “ah Sh!t” lol… but with the subject of the lagging shares being questioned, I still believe it is this fairly new ability for your broker to have the legal ability to “lend” the shares in your margin accounts to the short sellers who then can legally use those same shares to cancel the gains they should be showing. So instead of rising in leaps and bounds, every share you buy immediately gets the “short hammer” applied to it, and like Maddog’s CDE/Silver chart shows, goes nowhere.
IMO, unless that new ability for the shorts to use your own shares against you (so they are not naked short) is removed, the shorts which IMO is BlackRock etc have control of the markets and you’re playing in a crooked Casino. PHYZ in hand wins but the shares lose… FWIW…SNG
It’s insane! No wonder their economies aren’t working properly.
Yes … and it also shows idiot traders have been top calling the silver rally for several months as well.
There is definitely no froth in this move.
None … except for the idiots.
Chuckle
I “copied” how Martin Armstrong’s web site responded to the idea of the EU potentially liquidating US bonds:
Trump needs to consider IMMEDIATELY entering an Executive Order that all EU member state debts MUST be liquidated INSTANTLY!!!!! Any hedge fund that holds EU sovereign debt should be subject to sanctions forthwith. Trump should issue an Executive Order barring any US investment in Ukraine whatsoever!!!!!!!!!!!!!!!!With the EU seeking to fund war, they will need to sell debt.
The financial war is heating up!
They’re robbing people blind. They’re replacing a friggin window. Even adding on a structure shouldn’t be anywhere that much. That’s hurting businesses as well.
I wonder if these people who are doing this are older with mental issues and or green eyed monsters who dont like younger people, resent people who succeed on their own meret who don’t care what the consequences of their scams when they die.
I wonder what age group in UK owns the most property. If it’s like the US or Japan where the majority are owned by babyboomers or older. The result could be a bunch of not just homes but dilapidated homes by people who refused to get to robbed by these parasites either left abandoned or a over supply of hard to sell properties on the market in a few years and lasting for years. It looks like they want to turn UK into a slum anyways.