Loading ...bob coleman
@profitsplusid
·
20h
Gold Miners Bullish Percent Index
Reading of 3.7 out of an index of 0-100.
What a complete collapse in sentiment.
From a contrarian perspective, sentiment may be getting washed out.
Contrariness
Move along … nothing to see here
Epstein File Search
@epsteinsearchin
·
15h
Senator Wyden found JPMorgan Chase failed to report over $1 billion in suspicious transactions linked to Epstein.
He asked Treasury Secretary Bessent for the records.
Bessent refuses.
DOJ is blocking the files. Treasury is blocking the money trail.
And
apparently the annualized Silver lease rates ( mostly for shorter term traders) have NOT come down as the paper players have slammed it!!!
Does anyone know where one can get a current lease rates quote? I tried Kitco ( they say 33%) and the Asian guy says it’s at 12%
Buygold
I don’t know about gold but the PM shares are getting quite oversold. Haven’t seen that in a while. Maybe it’s time to buy … when everyone is scared *hitless!
I’ll be glad when that last silver bar departs crimex!
A liquidity event
Can only think that more funds are getting margin calls as the DJIA keeps falling…..
AND testing yesterdays lows…..What fun!!!! NOT!
Ipso – me either
I’m hopeful but not optimistic.
Florida also has a surplus and is going to eliminate property taxes for permanent residents. So there’s that, although we already have enough New Yorkers here.
Yields going up
CryptoGoos
@cryptogoos
·
3h
🚨WARNING:
🇬🇧 UK 10Y bond yield has reached its highest level since the 2008 Financial Crisis.
European economy seems cooked now.
Buygold
I wouldn’t mind seeing some green at the end of the day. 
Where do you want to live?
Wall Street Mav
@WallStreetMav
·
13h
Florida’s state budget is $117 billion.
Florida’s population is 23.7 million
New York’s state budget is $237 billion
New York’s state population is 20 million
New York City’s budget is $127 billion.
It’s population is 8.4 million
Florida is thriving.
NY and NYC are in crisis.
Shares doing better
So is gold. Even with the SM still down some. Maybe silver won’t disappoint today.
edit: and maybe it will suck anyway
SM craters, rates jump, dollar jumps, pm’s crumble
Thought we had a chance last night but then the SM futuires rolled over this am and that was all she wrote.
Shanghai dumped their silver price by another $3 down to $80
Mr Copper
Now they’re planning on replacing jobs with robots. Brings a new meaning to buy American. Buy from human American. Ive ran into two news arrivals of robots in China having tantrums. It was like they were acting fed up with their repetitive slave jobs and both started swinging their arms all over the place. Both appeared to be working in restaurants
Uber plans to invest up to $1.25 billion in electric vehicle maker Rivian to deploy as many as 50,000 autonomous robotaxis through 2031, the companies said Thursday. The robotaxi production is expected to take place at Rivian’s planned $5 billion Georgia factory east of Atlanta, a company spokesperson said.
Fwiw Yankee Stacking
This was a fun video to watch. A VN vet was in Tet disabled veteran reminds me of a long time friend who past away on my daughters birthday few months ago still in a bit of denial about. They probably wont like what happened today but can average out plus have other things going for them.
@Buygold
I predicted that if there is another world war the USA will lose global reserve status and China will get it. Like we did, after WW II, it was good after the war because we deserved it. But after 1971 we got it harder and faster with that. We ended up being the global free policeman, we kept buying imports too. The only good years we had was for the workers was 1945 to 1975 at MOST.
This is a huge deal because what they don’t mention is they will have to use the Yuan to buy Russian oil
East Asian Countries Eye Russian Oil Imports Amid Global Energy Shock
East Asian Countries Eye Russian Oil Imports Amid Global Energy Shock – The Moscow Times
Remember when Trump was worried about losing the dollar as the global reserve currency?
Once oil is traded in anything other than dollars in the west, the petrodollar dies.
I guess this wasn’t part of the neocon plan.
Deer79
Thanks. I guess that would be dollar bullish initially but ultimately very bearish.
The Yen had a really strong day today.
Mr Copper
Yeah they’re burning the candle at both ends, and we’re the candle.
Buygold
Good question about a dollar shortage ( I didn’t quite understand what the context was in the the aforementioned part of the article that I posted).
I asked AI, “ why is there a dollar shortage in Asia?” I got this summary from Chat GPT:
Conclusion
The combination of de-dollarization efforts, currency depreciation, geopolitical tensions, and a push for local currency usage is contributing to the dollar shortage in Asia. These factors are reshaping the financial landscape and encouraging a more diversified currency system in the region.
Dollar shortage.
No dollars flowing from the ME. No more petrodollars flowing into capital markets in the west.
Off the lows
at least a bit of short covering into the close. I’m glad silver closed above $70 and didn’t go below the recent crash low of $67.
I’d love for this to mark some kind of bottom, but I doubt it. Noticed the SM came pretty much all the way back, I wish it hadn’t and we still finished where we did.
After all this time and the move up we’ve had, how can we still have to rely on the SM for our pm’s to hold up?
deer79 – can you explain why a dollar shortage? I probably should know, but how do they find themselves short of the most plentiful currency in the world?
Hope this ends up being a great buying opportunity.
Mr. Copper – you’re right, we don’t have enough money for this war much less a WWIII
@goldielocks
Re your: “Even 50 hr wouldn’t be enough at many places”
If we know that, why doesn’t our gov’t leaders know that? I think because low wages created more jobs as they were exporting our jobs out of the country.
Mr Copper
Right although some of the prices are due to greed and corruption as well as low wages in some places or exorbitant in government. I always heard growing up that your rent or mortgage should be no more that one weeks paycheck. Even 50 hr wouldn’t be enough at many places.