Loading ...A lot of what the AG said is true. But if you are seeking to misdirect, then you’d include a few porkies in a deluge of facts and many people would run with it. Anybody looking for the next Bitcoin will lap it all up with silver being the next great investment. I suspect that’s less likely to happen here where we all have decades of listening and filtering. Also he’s very fluent, and bullish, but we don’t get target prices. He clearly projects higher prices by his presentation without actually making a prediction. At the end of the day the metals will do their thing. I think that only the Chinese govt is able to influence pricing through control of supply (into or from the market); obviously any govt can push the price up with aggressive buying.
Send this to non believer family members
- Russia: China has significantly increased its purchases of Russian gold and silver, with sales hitting $1 billion recently, according to Mining.com.
- South America: Chinese entities are engaging directly with South American producers, showing a strategic shift to secure physical supplies.
- Global Market: Through large trading firms and manufacturers, China is competing in the open market, even offering above-market prices for immediate supply, reports CNBC.
- Clean Energy Demand: Silver is essential for solar panels (around 20g per panel) and electric vehicles (25-50g per EV), and China aims to control this critical metal for its green transition, notes Morningstar.
- Strategic Control: By controlling silver supply, China can influence global manufacturing and defense supply chains, making it a strategic asset, says Trading Economics.
- Starting January 1, 2025, China implemented tighter controls on silver exports, effectively hoarding the metal and reducing global availability, reminiscent of its strategy with rare earths, according to reports from CNBC, Morningstar and Trading Economics.
Ferrett
The current candle is showing selling pressure at higher numbers but higher buying pressure just below that. It could mean a couple of things. Hopefully just consolidation of pause and some profit taking after a run up. Hopefully
deer, yes, the ol’ secret meeting ploy is difficult to swallow.
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.
Mr Copper
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.
Maddog 16:50
That’s WHY men of any significance or what is considered to be attractive to women don’t need to be too cute.
goldielocks
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.
Re Futures I Asked ChatGPT
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?
Maddog
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.
Re Copper Rounds Versus Pre 1982 Copper Cents or Pennies
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
Fighting Breaks Out On Saudi Border In Oil-Rich Yemen Region
https://www.zerohedge.com/geopolitical/fighting-breaks-out-saudi-border-oil-rich-yemen-region
I blinked and missed the 5 cent bull mkt.
Maddog @ 11:27
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
maddog
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.
buygold
Like old times.
Yup not a nice start to ’26.
Usual opening suck
We hold all night just to die at open of the SM.
Like old times.
Classic scum action in Oil
Every time trouble brews in ME, that the US instigates , the scum bash Oil down.
Now why would Oil fall on the back of this ????
“Locked & Loaded”: Trump Says US Will Intervene If Iran Kills Protesters
This seems significant, but needs confirmation
- A seismic shift is coming to the investment world. An executive order, signed by President Donald Trump on August 7, 2025, has quietly laid the groundwork for what could be the single greatest catalyst for precious metals and the miners in a generation.
- Starting in 2026, the floodgates will open for trillions of dollars in 401(k) retirement accounts to pour into alternative assets, including commodities like gold, silver, and the miners.
- For a sector as small as precious metals, this is not just a game-changer; it is a paradigm-altering event.
- For decades, the average American investor has been locked out of the assets that the wealthy and institutional players use to build and preserve real wealth.
- While pension funds and family offices have long allocated to hard assets like gold and silver, the 90 million Americans in 401(k) plans have been relegated to a narrow menu of stocks and bonds.
- This is all about to change. The executive order explicitly aims to “democratize access to alternative assets” for every American preparing for retirement. It directs the Secretary of Labor to relieve the “regulatory burdens and litigation risk” that have prevented 401(k) fiduciaries from offering these assets.
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:
- The trillion-dollar trickle that becomes a flood! “It is crystal clear, this administration wants some of that 401K money to find its way into commodities and that is exactly what is going to happen.”
- A catalyst meets an explosive backdrop. “Now, add to all of this perfect storm the single largest potential new source of demand in history: the American retirement account. The stage is set for an explosive 2026.”
- The leveraged play on this incoming tsunami of capital. “More importantly, the catalyst is not a wave of speculative hot money that can leave as quickly as it arrived. This will be a sustained, structural flow of retirement capital; sticky money that will provide a tailwind for years, not months.”
- The capital starvation the mining industry has experienced for 15+ years is coming to an end! “This executive order is the rain that ends the drought. The flood of capital from American retirement plans will not just bid up the price of existing shares; it will provide the mining industry with a source of growth capital it hasn’t seen in fifteen years.”
- Is the timing perfect and intentional? “The administration is reading the writing on the wall. They see the mathematical certainty of a debt spiral, the potential for a catastrophic policy error from the Federal Reserve, and the growing fragility of the entire fiat system. Not to mention the likelihood of a huge round of QE and much lower rates fueling fresh inflation and they are handing the American people a lifeboat, an escape-hatch.”…
Ferrett
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.
We held all night
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.