Footage Shows US Special Forces Helicopter Attempting To Board Russian-Flagged Tanker In Atlantic
I guess yesterday was the right day to exchange 100 ounce bar for some worthless fiat After all… I guess that’s why you don’t always follow your feelings because I felt like I was making a big mistake, but I needed the money… lol
ADP, ISM reports today. Jobs report Friday
although it doesn’t seem the eco reports have much sway over the pm market these days.
The Fed is going to cut again and keep cutting once Powell is gone.
Doesn’t seem as though there’s much in the way of the metals these days. Although I’m pretty sure the scum isn’t going to just roll over.
I’d like to see these shares – especially the silver shares finish the day flat even with silver down a couple bucks. They are so far behind the metals. It’s a dream, I know.
Shanghai dropped the pm fix to $86.16
about 90 cents.
Naturally spot here is pushing the envelope and down $1.84 at the moment. I guess that’s the LBMA price?
PM shares not doing too bad yet, tracking silver, most are down 1-2%.
Yesterday Crimex paper silver settled about $6 below Shanghai. Today it’s closer to $7. I wonder how close the Crimex thinks they need to keep that gap between the two prices without triggering massive delivery notices?
Greatland Resouces update
I mentioned this company in OZ a while ago for folk to take a look at.
(The man I met in the pub sent me this! Might amuse.)
Https://x.com/BrenchleyCap/status/2008671697453391927
Hope 2026 has started well for everyone.
AM Fix
on the Shanghai – $87.09
We’ll see about the pm fix later. Higher or lower? The west is praying it’s lower.
treefrog
will be really interesting to see the am fix on Shanghai – yesterday’s pm fix was $87.08!
I don’t think the Crimex and LBMA will be able to continue with a $6 deficit vs. the physical market in Shanghai. Something’s gotta give.
SILVER !!
first rattle out of the box… $82 !!!
Maddog 13:58
Thank you for that, very good coverage and translation by this person. Hope he stays safe.
Maddog @ 13:58
On the other hand there’s beaucoop fanatics from the IRGC and paramilitary groups who have a lot to lose. They haven’t been shy about killing demonstrators in the past.
Maddog 15;21
Yeah beating hospital workers for protecting the shot and injured protestors. What is their excuse, just doing their job?
Buygold
The MSM are such arseholes…..but when Trump goes to Iran, he will be a hero……along with Bibi.
Would be awesome if Iran turned
Media won’t report because Trump might get credit?
First time in a while it looks like buying or short covering is coming into the close in the shares.
Good stuff.
ipsofacto
Yr wonderfull President has made things very diffrent, by telling them not to shoot people…what they are doing is raiding hospitals to find injured people , who have obviously rioting and taking them away…to …..well…..
According to Tousa tv the people are in control of Tehran already !!!!!
Maddog @ 13:58
I remember when the Shah fell. The last nail in his coffin was when the army and security forces refused to fire into the crowds. I think he made a beeline to the airport after that. Maybe somewhat different situation now.
Give Them Hell Hecla re HL
Its running wild in the streets. Top performer in the past 5 days past one month and past three months, however on the one years its second only up 381% Avino Silver beat HL going to 574% in the year. I own all those stocks shown.
Buygold
It’s going to happen eventually! 🙂
Gotta like silver today, almost $81 …
Ipso
Will be nice when the coin shops start paying $3 over spot. Can’t be too far off before the public gets involved I would think.
The ever predictable
waterfall attempt arrives right on time. 10:30 EST. Monster contract dump, no regard for price.
Interesting though, the shares didn’t get dumped as hard – yet.
Still with the games. NEM up nicely but they’re pinching AEM to keep a lid on the indexes. HL ripping, but AG somewhat mild.
Dogs of the day on my screen: DVS, NFGC, BTG. I guess they’ll let them go up another day. Ridiculous, anything with gold, but especially silver, should be ripping to all-time highs.
The Success of Socialism in Venezuela
Mike and Jeff show @AgrisAcademy
@AgrisAcademy
My Venezuela experience as head of trading in the region for Cargill.
Cargill was/is the leading producer of critical staple ingredients such as flour, pasta, vegetable oil, and rice in VZ. I am not saying I agree with grabbing the dictator, but I did have a front row seat to the damage a kleptocracy did to innocent people.
1. The government took over our “minute rice” facility at gunpoint because we were “gouging” the nation’s poor. The government was never able to run the plant. It never ran again. It was returned years later with no equipment inside
2. There are 1000’s of generals in the army. They are each given a slice of the economy to loot. The large number of generals made it difficult to organize a coup against the regime.
3. The government opened grocery stores and sold staples below the cost we sold them to the government. In theory they used petro oil money to lower grocery prices. Our regular grocery outlets were forced out of business. When the government demanded we sell them products below cost we simply had to shut down. The populous became ever more dependent on the government handouts. (PS this is the mayor of New York City’s proposal.
4. Dollars- We needed dollars to go buy raw materials like wheat from places like the US and Canada. The government would periodically allocate us some dollars that could only be spent for raw materials and freight. Eventually only the local companies that can and would pay bribes got dollar allocations. We had several facilities closed for lack of raw material
5. My employees liked working for Cargill. The office was an armed compound with access to a gym, high speed internet, global communications, and a weekly box of basic staples. Cargill provided a safe and secure environment if only for the working hours.
6. Employees became very close to others inside the apartment building. Going out on the street with a desperate population was not advisable.
7. I needed wood pallets for feed. We tried to export wood pallets to swap for grain. We refused to pay the bribes it would take to export the pallets
8. I once tried to set up a closed loop wheat planting to flour mill supply chain. A. They came and stole all the seed wheat for food. When we tried to ship in seed wheat in containers via US donors there was no way to get it out of the port without it being stolen
9. Livestock- Our feed business completely collapsed. Even if you could raise a pig, you couldn’t defend it from being stolen. People with guns were hungry.
10. Employees- In the end my highly skilled team alone with other highly educated people chose to leave. Cargill often found jobs for them in other Latin countries. The regime was more than happy to see the well-educated leave the country. Setting these employees up with high quality stable jobs after fleeing remains one of the best things I ever did in my career. No one remembers millions in trading earnings.
This is a short list. In my opinion the first money spent needs to happen now and it needs to be food. The US is already on the clock. The current regime does not care if it starves the population. The orgy of theft will actually accelerate if they believe their days are numbered. VZ should be an outstanding customer of US grown ag products. Rice, bread wheat, veg oil ect. Feed the people first.
Jeff Kazin
Former head trading Cargill


