Do you think the US government will confiscate and revalue gold like they did in 1933?
Total Voters: 36
Loading ...New kids on the block don’t get invited to secret meetings, nor do they get stuff leaked to them.
But it seems way too slick to be a government programme.
I also find it very unlikely that it’s $130 an ounce in Japan, especially when it’s back to $75 in Shanghai.
Retail copper is way over priced considering price of copper per pound. I have picked up sales along the way here and there but not marked up but still overpriced thinking who knows if someday to grandchildren copper will be the new silver. With the end of new pennies maybe new breed of 1 ounce copper coins might emerge to collectors. A lot of pennies are worth more than a penny. Some by dollars to the million dollar pennies that are still out there.
That’s WHY men of any significance or what is considered to be attractive to women don’t need to be too cute.
Best comment I heard about Newscum,…..is if he spent as much time on politics, as he does looking in the mirror, he might be usefull.
Briefly, re contracts isn’t it not right to let people sell what they don’t have, and buy contracts that they will not buy, because the “outsiders” “voting” the price for the actual consumers and actual producers.
Ans:
That’s a policy choice, not a technical necessity.
Futures markets allow hedging and price discovery, but they also allow speculation by non-producers and non-consumers, which can influence prices. Supporters say this adds liquidity and smoother pricing; critics argue it lets “paper traders” outvote real supply and demand.
So yes — it’s fair to say futures prices can be driven by participants who will never deliver or take delivery, and whether that’s “right” depends on how you weigh liquidity versus distortion.
Comment: So who drove Silver so high? The leveraged gamblers buying, or “voting” for higher prices?
I wonder which of these oil rich countries the Gov of Calif wanna be President and wreck the rest of America next, countries he’s importing from over the oil rich American companies that were already there before he was even hatched that are giving him the middle finger and shutting down their gas lines. Maybe Calif will have to go back to horse and buggies and bicycles.
One pound of 95% Pure Copper pennies will cost you $1.45 a pound. Or 245 pennies. You can get Copper Rounds at $2 each per ounce, or two times 16oz/lb times two comes out to $32 a pound. Versus $1.45 a pound. Naturally you would need a smelter to melt the pennies down into small bars.
Part:
The value of a 1 oz copper round today generally ranges from $2 to $5, depending on the dealer, design, and quantity purchased, with common rounds around $2-$3 and more intricate or premium ones priced higher, reflecting the fluctuating industrial demand for copper and minting costs. While the raw copper price influences it, expect to pay a premium over the spot price for these artful bullion pieces
https://www.zerohedge.com/geopolitical/fighting-breaks-out-saudi-border-oil-rich-yemen-region
I blinked and missed the 5 cent bull mkt.
That is just because of the light trade with many still on holiday.
China is still closed until next week as well and silver is only $75 (not much premium).
So don’t be surprised with some selling next week.
Those coming back from holidays will see a windfall with taxes deferred until next year.
That said … I don’t see any serious weakness in either the broads or PMs until further into the year (second quarter?) … maybe the broads top at options expiry here in January like 2000 (the Dow) at the earliest.
For what that is worth.
Happy New Year All
Yep. paper rules again. They must’ve found some new supply. This is non-stop paper dumping.
The shares go down because the QQQ’s go down. Silver shares trade as if silver is $30.
Nothing new with this bullshit.
Like old times.
Yup not a nice start to ’26.
We hold all night just to die at open of the SM.
Like old times.
Every time trouble brews in ME, that the US instigates , the scum bash Oil down.
“Locked & Loaded”: Trump Says US Will Intervene If Iran Kills Protesters
Section 3(a)(iv) is the key: it explicitly lists “direct and indirect investments in commodities” as a permissible alternative asset class.
The Wealth Gap This Order Aims to Close
To appreciate the significance of this order, one must understand the two-tiered system it aims to dismantle. For decades, a great wealth gap has been perpetuated by a simple reality: the rich and the average have access to different investments.
While public pension plans, university endowments, and ultra-high-net-worth individuals have long used gold, silver, and other real assets to generate inflation-proof returns, the average American with a 401(k) has been legally and structurally barred from doing the same due to structural and regulatory hurdles.
The public pension plans, university endowments, and ultra-high-net-worth individuals can more easily invest in a broader range of assets, 401(k)s have traditionally been limited to a narrower selection of investments. This is often due to concerns about liquidity, regulatory complexity, and potential liability for plan sponsors.
This executive order signed by President Trump explicitly calls this out, noting that the status quo has “denied millions of Americans opportunities to benefit from investment in alternative assets.”
It frames the move as a matter of fairness and democratization, giving the 90 million participants in defined-contribution plans the same tools as the most sophisticated institutional investors.
This isn’t just a new investment option; it’s the leveling of a playing field that has been tilted in favor of the wealthy for a generation.
So, Let’s Dig Into The Following:
Getting back to the person with the loose screw she doesn’t know where to put. Finished reading the other half of a scrambled puzzle she can’t match the pieces to. Not to waist too much time on it but does she know that Somalis have different tribes too. Like anyplace where you have better or worse neighborhoods. Apparently there’s too many coming from the bad neighborhoods or tribes.
No Shanghai fix that I can see, market closed?
Regardless, we’re nicely higher despite a stronger dollar.
PM shares stronger, moving along with the SM.
We’ll see if we can hold it all day as the volume dries up and the algo’s apply pressure.
Key support in silver is prior multi decade resistance as we know but since it didn’t test that resistance as of yet could be a sign of higher support and ended above it. Here is a evaluation from a few known analysts for the end of the year.
I’m not orientated to the total definition of what constitutes hostility toward that tribe. However, when someone from another tribe plans and carries out mass murder of another tribe on that same core culture they share I think that would qualify as being Anti-semitic.
I’m not really sure who she is. I did Google her and am not much the wiser but she obviously thinks her opinions are worthy, but she was interviewed on The Raw Deal, which I’ve never heard of, and she seemed to think that it is important that she clarified some things that were said, or not said, about Israel which might have been misconstrued. It wasn’t what she thought that interested me, but her comment in the last paragraph, viz: “I am, however, Jewish. One third of my tribe resides in the state of Israel and roughly 50% reside in the US, the country of my birth”
My tribe.
Does that sound as though being American is more important to her than her tribal allegiance? As you may be aware, some Jews were shot at Bondi Beach a couple of weeks ago, and the reaction of her tribe was similar. “We are Australian Jews, and we demand more protection at synagogues and other Jewish tribal gatherings”. And the authorities responded, the state of New South Wales immediately allocating a further 350 police to patrol those areas. “Wooohooo” went all the criminals. Everybody is bending over backwards to be not anti-semitic. It is much more important to divert significant resources to protect one tribal group, a very small one, at the expense of the rest of the population and at the risk of being considered ‘anti-semitic’.
Anti-semitic. What does that mean?
Semitic : of, relating to, or constituting a subfamily of the Afro-Asiatic language family that includes Hebrew, Aramaic, Arabic, Maltese and Amharic.
So to be anti-semitic is to be against a language group? Anybody who calls someone anti-semitic truly has a screw loose.
Ok, ok, I know that a new meaning originated with a German whacko and it has been warped into meaning ….. what? It is used as the slightest provocation. It is a woke term, surviving the death of DEI, to be used by Jewish people or their supporters at anyone not supporting the …… what? The state of Israel? Zionism? Jews? Israelis? The elimination of Christians and Arabs on the West Bank, even though those Christians and Arabs are semites? And the shooters at Bondi were semites. How can the shooters be anti-themselves?
So you can see how that tribe has hijacked the narrative here. Just as during covid the definitions of words were changed to enable people to be cancelled, so has semite been mangled to enable the cancelling of, for example, Charlie Kirk. Permanently.
Tribal. Like Somalis. To be anti-corruption in Minnesota is to be racist, white supremacist. Those terms are really losing traction now.
Tribal. Like the Brits flying the Union Jack, or the English the George Cross. Racist and colonialists to the core.
Anti-semitic. A word that means whatever the tribe (and its supporters, and they are Legion) determines it means for any particular situation.
