Getting swamped again with this drop.

Gets a call from Texas they go big in Texas. A 100k in silver.

I learned something about who gets notified depending on how you pay.

https://youtu.be/hGVMHMJ50QQ?si=qv49-QeKog9jt0Se

Yes that is exactly what is happening. And the Dubai doorknobs as well.

Between them and the leveraged ETF’s etc … this is not surprising.

I think it will last a few more months in total … as people are starting to figure this is not going away.

A bounce in PMs is coming soon … but I would not be surprised if we see more weakness as the broads break hard on that realization.

Thanks for your work on the site.

I think a lot of plugged in people frequent here but you don’t hear from them.

Thanks again

Going wacko. Green red green red in seconds.

She’s right, switching it to things like Bitcoin to travel with as well and can buy it back… Many take Bitcoin too.

But everythings down because it affects the economy. If the Houthis decide to block the red sea next things will get worse. When resolved Trump and the Israel will look in like good to guys to but that’s not why they’re doing in what their doing.

Then business as usual with more controls, digital currency agenda, depopulation over robots so they don’t have to pay them what they owe them.

These people behind the scenes underestimate people. If they want to turn it into a third word cause civil unrest to kill people off along with their other depopulation plans they just might get it but it won’t turn out well for them. They’ll form their own communities and surprised UK and EU aren’t already doing it. Work with farmers mixed with city skilled including young and computers. Build their own barriers and walls cut off roads and start their own communities. Defund the blackrocks, vanguards state streets. They know machines depend on electricity and can be cut off. They know how to make EMPs without using bombs.  They try to cut the people off they will be cut off. They might wake up and find their roads gone and their power out.  They don’t realize how skilled and imaginative people are, or  they can’t make it without the people. Like anyone who singles themselves out in plain sight they’ll be a target like anyone else. Once they think they got what they want theyll find out they might not want what they got. They want third world they might just get it but not in the way they planned.

Re Golds fall…my wife reckons the Mullahs are dumping their and the Iranians Gold, prior to running away….Iran has/had over 300 Tonnes…I think.

I thought about buying some pre 65 rolls but their sold out or holding back don’t know but none to buy. So I bought a few other things then I found I had to call my bank cuz they’re putting limits on how much you can spend to 5k. So had to call the bank to approve it. That is one of the reasons I’m not going to stop buying when it gets harder and harder to buy anything on a bank card.

And do they think Trump or the Republicans stopped caring about the mid terms or being blamed for a long drawn out war and the stock market selling off?

If they don’t then we really have a problem.

Three Reasons Gold Just Collapsed & Why This Isn’t 1982!

H/T TO BULL THEORY FOR CHART

It was the worst week for gold in 43 years. A stunning 10.5% collapse that took the price from over $5,000/oz to just under $4,500/oz in five trading days. You have to go all the way back to 1982 to find a weekly drop of this magnitude. But what makes this crash so historically unusual; and so profoundly bullish, is not its size, but its context.

Every major gold crash in modern history has been driven by a clear and present fundamental threat;

• In 1982, it was the Federal Reserve hiking interest rates close to 20% to crush inflation.
• In 2013, it was the Fed signaling the end of quantitative easing.
• In 2022, it was the most aggressive rate hike cycle in four-plus decades.

In each case, the narrative made sense. The macro-environment was hostile to gold, and the price reacted accordingly.

This time is different. The backdrop for this crash is not bearish; it is wildly bullish. A hot war is raging in the Middle East. Oil refineries are burning. The U.S. has deployed three carrier strike groups to the region. Inflation is rising.

These are the very conditions in which gold is supposed to thrive.

And yet, it just posted its worst performance since the peak of the Volcker era. This is not a fundamental story. It is a mechanical one. And that is the key to understanding what comes next.

Let’s Dig Into The Following:

• A Historic Anomaly: Gold just posted its worst weekly drop in 43 years, a 10.5% decline to $4,490/oz, despite a fundamentally bullish geopolitical and inflationary backdrop.
• Mechanical, Not Fundamental: This was not a crisis of confidence in gold. It was a mechanical liquidation driven by three simultaneous forces: 1- a surging U.S. dollar, 2- forced selling from commodity funds covering oil margin calls, and 3- a Chicago Mercantile Exchange margin hike that flushed out leveraged players.
• The 1982 Precedent: The last time gold had a week this bad was in 1982. In the 12 months that followed that crash, gold rallied 50%.

Climbing the wall
https://www.railpictures.net/photo/894947/