Was the US attack on Iran the right thing to do?
Total Voters: 31
Loading ...recent action is not a bear flag…….Bears have been smashing Gold etc thinking the charts are/were building a bear flag
What if it isn’t….and the latest up move was a 1 st wave up followed by a 2nd down and done…..if so we shud rally well…..after we take out the 5040 area.
I’m sure there’s some news somewhere, but Schwab doesn’t have any.
Looks like some dip buyers overseas. I guess yesterday could’ve just been a re-test of the recent lows of Feb. 5th.
Course, that’s if we actually hold all night and into tomorrow.
Maybe we’re trying to find a bottom in here.
I agree with deer79 and treefrog, the bull case is still intact. Hard to see supply issues being resolved overnight. These moves definitely aren’t for the faint of heart though, and I suppose they’ll get more violent as things progress.
All eyes are on the March deliveries here in the US market. I think Feb. 27th is first notice, so we can probably expect a lot of shenanigans over the next week and a half.
What if some of those who were jabbed got Epstein’s DNA.
You should put a warning on that, not to have just eaten. 🤮
Welcome to communist America … where life is still so good there’s no use fighting it … Bill is excellent today.
BiLL AnD HiLLaRY Go To WaSHiNGToN… | ZeroHedge
Cheers all
Re Germany…they need the AfD badly……but that will be one hell of a fight.
As for Farage he has loads of form, talking the talk and then backing down……Lowe is what we need…..with Musks money and expertise on Social Media….he may do it.
Excellent post and timely reminder….funny how so much negative talk is going on re AG…when Crimex is looking at a full on default in March, when you compare OI to deliverables…….could they be lieing ??????
the structural deficit is real, and continues. demand/consumption exceeds annual global mined production.
there are no effective substitutes for silver in many industrial applications.
supply is inelastic.
new silver mines take about ten years from discovery to production.
primary silver mines are quite rare.
seventy percent of silver is produced as a byproduct of other mining activities. a copper miner whose silver byproduct gives him three percent of his revenue stream will not increase production
if silver prices only double or triple.
silver, though expensive, is used in small quantities per unit of product. there is a small quantity of silver in each smart phone. even at $100/toz, there’s less than a dime’s worth in a $1000 phone.
wide dispersion makes recycling difficult at best. there are several kilos of silver in each cruise missile (mostly in the batteries). none of it is recyclable. other uses are not much easier to recycle.
purchasing departments for industrial users REALLY don’t want to have to explain to upper management that the $multi million (billion?) production line has to shut down because the price of
silver is too high. it’s anybody’s guess how high they will pay to avoid this. (guess high, then add 35%.)
march deliveries are coming. there are four ounces sold forward (shorted) for every deliverable ounce in the comex warehouses. even if they manage to patch something together to squeeze
through march deliveries (much pissing and moaning, many corporate oxen being gored), there are subsequent delivery months.
scrap and junk being squeezed “out of the woodwork?” there’s some out there. hard to tell how much, but however much there is, it’s finite. there’s a lot less than there was before the hunt
bros. price spike of ’80 (and less still after each subsequent price spike). granny can sell the family sterling silver, but she can only sell it ONCE.
the last couple weeks of march are going to be fun to watch (unless you’re short).
likewise the last couple weeks of each subsequent delivery month. this is a LONG game.
we live in interesting times.
much more fun than looking at my account today
I get it. A whole bunch of opinions out there and people talking their books. Nothing ever changes on Wall Street, money is their God and it demands that they lie cheat and steal.
As for Zero, I think I’d have been better off never visiting their site. As you say they are always negative.
Gotta cross my fingers and hope that Rupert Lowe’s new party is very successful!
Did you see the latest from Nigel Farage? He says he wouldn’t try to deport the illegals … wouldn’t be worth the trouble. Amazing!
re: Germany enshrining radical green policies in it’s law system. Man talk about throwing the non reversible suicide switch! It’s a tragedy to watch. Has the devil taken control?
In only threw that Ag article to show that such exist…..Zero is putting negative articles up non stop…..smells to me like Fall st is caught short and needs it all down….the falls are all fast smashes …where have we seen that before…..
Plus today the Iranians are saying there is some agreement on Nukes….well that is just part of what the US is demanding…though the iranians seem to think that will be enough……I doubt that v much.
I hope you are right and nothing has changed and the bulls still rages.
In the meantime they beat the the living crap out of us so you’ll get some good prices.👍
NOTHING has changed for me. We all know that these a**holes are playing the same stupid games!!
I have a little cash on hand, and will be adding to some of my PM stock holdings….
The shares aren’t trading like they think we’re going to sustain these prices.
We knew this week would be troublesome because we’ve lost the Chinese.
Maddog – I guess silver could be done and I hope everyone who wanted to be out, got out. I know the general public were big sellers of phyzz and scrap, makes sense after they waited so long. I don’t know if they’re still selling.
If this is a monetary event, then it’s not likely over. If it’s a supply event, I wonder if there was enough scrap selling to make up the difference. Who can know that? Refiners?
I still want to see what happens at Crimex in March, one thing is they surely shook a lot of people out between CME raising margins and banks colluding.
We heard the same thing when silver crossed $50 and there was another big dump back in November I think. VBL said “something changed” and it was over.
My YouTube feed is flooded with AG and Older woman AI videos with views on both sides. The level of opinion gets pretty exhausting. Too much noise.
I just hope they don’t take it back to $50.
A fugitive who entered the US illegally during Biden administration after caught with a lethal biolab material in Calif set free in 2023 and did it again in Nevada. Why did Newscum allow terrorist to be set free?
+1
. The facility, described as smelling like a hospital, contained vials of unknown liquids, refrigerators, and potential pathogens linked to a previously raided illegal lab in Reedley, California.
Well said re Musk…..
