Travel well and take care.
Maya
Have a good trip!
ferrett @ 5:36
“pools of oil”
Well that sounds easy to get. I’m surprised it hasn’t been developed before.
“Dipsticks in Canberra” LOL You’re very polite! 🙂
Cheers
Demand is still in place so who’s been shorting?
- High Delivery Volume: By the First Notice Day in March 2026, more than 10,500 contracts stood for delivery in silver, with demand exceeding 60% of all registered inventory in a single day, a trend putting immense pressure on physical supplies and affecting the broader precious metals market, including gold.
- Gold Market Strength: Gold has seen intense demand, with prices scaling past $5,000/oz in early 2026, driven by persistent buying from central banks and investors seeking a hedge against global economic uncertainty.
- Record Trading Activity: The 1-Ounce Gold contract (1OZ) posted its highest monthly average daily volume (ADV) and average daily open interest (ADOI) since its launch in March 2026.
- Concerns on Supply: The market has experienced extreme volatility due to the imbalance between high paper demand and limited physical supply in the March 2026 cycle.
Ferrett
Sounds like you got reserves everywhere.
Farmers can also make coal too. One of my elders made it and also had a conveyer belt that traveled it to a machine that turned it into powder. Farmers can use it by growing peaches. Profit off both the peaches and the pits turning the pits into coal. Here’s some info.
+5
Making coal (or more accurately, biochar/activated carbon) from peach pits involves heating dried pits in a low-oxygen environment (pyrolysis) to create a highly porous, adsorbent carbon material. Historically, this method was used to create gas mask filters during WWI. It creates a valuable, high-surface-area charcoal suitable for fuel, filtration, or soil amendments.
- Dry the Pits: Thoroughly dry the peach pits, as wet pits will not char properly.
- Pack the Container: Place the pits into a metal container (like an old tin, ammo can, or metal drum) and pack them tightly.
- Seal for Pyrolysis: Put a lid on the container, but ensure it has a small hole to allow moisture and gas to escape while preventing excessive oxygen from entering. This oxygen-free heating is critical, known as pyrolysis.
- Heat the Pits: Place the container into a fire pit, forge, or kiln for at least 4 hours. The goal is to heat them until they turn into charcoal without letting them combust into ash.
- Cool Down: Let the container cool down completely before opening it to avoid the charcoal igniting upon contact with air.
- Alternative Methods: A more advanced method is to use a 55-gallon drum retort to create larger batches of “lump charcoal”.
- Adsorption Activation: For creating highly activated carbon (for filtering), some methods involve treating the charred material with substances like lemon juice to increase pore size.
- Density Matters: Peach pits are ideal because they are very dense, creating a superior adsorbent material compared to lighter wood sources.
ipso, 0.28, it’s funny how things coincide.
When my farmer mate was telling me that things are moderately bad with the fuel, he mentioned that there used to be pools of oil at Moonee, not too far away. Farmers used to filter it put it in their trucks and tractors. He couldn’t remember why they had to stop, but we can guess. And then, an hour later, this pops up in the news feed:
https://www.9news.com.au/national/queensland-oil-reserve/c3952d81-23f7-4770-8eb2-bcc4d1def204
Canberra is our national capital, a swamp like place similar to Washington D.C.. Australia’s problem is that all the oil is on the NW Shelf, the Timor sea, Bass Stait and now the Taroom Trough, but all the dipsticks are in Canberra.
Travelling
I will be travelling & offline for a little more than a week. Should be back around 4/7/26.
Get the PMs back up there while I’m gone, will ya?!
Maddog 17:27
Yea could be considered a bullish hammer or a bullish dragonfly. Should be bullish either way. Ps sorry distracted. I have my own name for it.. long legged dragonfly doji. It might be short term as I made a short term target on one stock adding extra shares to buy sell then buy more on dips during non parabolic times.
ferrett
Glad to hear it!
ipso, slight exaggeration there.
Just checked with a mate in Chinchilla, the only Diesel problem is the price. Supplies are OK. Cattle are being moved around NSW and Qld ok, NSW is very dry so the stock is being moved to greener pastures in Qld and elsewhere. Yes, there are a few servos without Diesel, but a lot that are fine.
Willem Middelkoop
@wmiddelkoop
·
3h
Australian farmers are ‘out of diesel’
Quote
Rob Smith
@Ausbobsmit
·
22h
I’m out of diesel. All the farmers are out of diesel. This is it. We’re done for. Albanese and Bowen are directly to blame. This is serious. I promise you. All other countries have diesel, and it averages $1.80 per litre in most countries in the Asia Pacific. But not Australia.
Maddog @ 17:24
I’m a little unclear on the incentive? Death wish?
maddog – that’s great news
if it’s a bottom, it happened sort of stealthily.
Hope it turns out that way.
No tengo oro
Wall Street Mav
@WallStreetMav
For the first time in human history, data show zero significant gold discoveries in two years. (2 million oz of gold in one deposit)
Gold is not the only metal that is having difficulty finding replacement reserves. Copper, silver, nickel, cobalt and other metals are all facing declining ore quality and smaller deposits.
Many of the best and easiest deposits were discovered long ago and have been mined for decades. The newer mines are generally smaller, lower quality ore, more remote and more expensive.
This is what we are seeing with many major mining companies. They are struggling to just maintain current production. Forget about actually increasing production.
The key issue for investing in mining stocks is finding the ones that can organically grow their production in the coming years.

buygold
goldielocks can interpret this chart…but it looks like a hammer bottom on a weekly chart and therefore quite powerful.
JPM CEO Dimon speaks up for the people.
JPMorgan Chase CEO Dimon: ‘Deeply frustrated’ with policies in America https://share.google/uelB1VTAi3wsR2TUF
Nice close
Pretty rare event today. Hope this is just the beginning of a new leg up toward $10K and $150.
We hit the numbers with $4500 and $70. Hope is alive again with the SM just beginning its descent.
Well, Sunday night might be interesting
Will the PPT jump into action or let things unravel a bit more? Will there be continued buying in pm’s or was this a one-off?
Good to see we haven’t collapsed at the end of the day, especially the shares. Huge surprise today.
For the first time in awhile, it feels like there are some cracks in the system again. I’m not sure how they paper over them this time.
Did I read here that Doug Burgum the Secretary of the Interior came back from Venezuela with $100 million in gold?
BTW – rates turned back up with the dollar and oil has quietly gone back above $100 – amazing we are still up at all. Course they’ve taken a chunk out of silver to try to close it below $70.
@aufever, Re high number of empty stores and offices,
Ever since the USA prosperity peak of 1970. Number one, the lack of minimum wage pay hikes to keep up with inflation, (should be at least $50/hr today) also unfair business competition from foreign countries.
Also American retailers and citizens were “fooled” into buying foreign made consumer products, out sourcing all our jobs. All the pro-foreign anti American lobbyists, fooled all our presidents and our representatives in Congress etc to go for the dumb ass unfair strong Dollar “free trade” bull crap.
They all succeeded in gradually making the USA a poor country by importing foreign PEOPLE and exporting our work. Also because US car makers had to compete with FOREIGN car makers they cut costs and made crappy US cars. Now we have trillions in national debt because of less taxes coming in.
Hopefully Trump with fix those things but I have my doubts because practically EVERYTHING we buy came from far far away.
Also the media of the 1970s kept telling everybody…”The United Auto Workers Union was ruining the country with their excessive pay scales” instead of saying the US Dollar was depegged from Gold. Because by 1971 FOREIGNERS were redeeming our exported Dollars for Gold at $34 when privately costing $140/oz.
So, instead of FOREIGNERS started taking away our GOLD after 1971, they switched, and took away all our consumer product manufacturing.
Commercial RE
This problem has been smoldering since 2020, right?
Office workers, especially but not only IT, and accountants, working remotely, and everone buying so much online.
Just the empty retail space everywhere is huge.
And probably nothing compared to the empty office spaces everywhere. With more emptying to come as AI displaces more and more office workers. And businesses fleeing big, blue cities.
Seems the implosion/demolition/explosion of commercial loans is is finally happening.
Ipso
They probably will be bailed out but what will the dollar be worth by then? You could totally see a dollar devaluation in the near future.
So, we’ve got problems with private credit, now REITS are going to restrict withdrawals. We’ve seen this movie before but it’s 100 times worse than it was in 2008 because of the debt. Trump better start to ready those gold backed bonds pretty soon. They won’t be Bitcoin backed IMHO because Bitcoin will fall with tech stocks.
Will be an interesting close today. Volume is light in the ETF’s and shares.
Really hoping this is a turning point.
Whitney Webb SOUNDS ALARM! Tech Billionaires Have Completely Taken Over Government!
Jimmy welcomes back to the show investigative journalist and author Whitney Webb to discuss her explosive new investigation revealing how billionaire Leslie Wexner and Jeffrey Epstein built a corporate welfare state in Ohio, creating a model of “public-private partnerships” that privatized government, funneled billions in taxpayer money to big tech data centers, and is now driving up electricity bills while gutting public schools and healthcare.
Webb details how Wexner created a de facto private government in his hometown of New Albany, Ohio, which evolved into Jobs Ohio—a private corporation that controls the state’s liquor tax revenue with zero public accountability—and has become the blueprint for a techno-feudal state promoted by the “dark enlightenment” figures like Peter Thiel and JD Vance.
She warns that Ohio is a petri dish for a nationwide takeover, where data centers are replacing public infrastructure, digital IDs are mandatory, and federal legislation is stripping local governments of the power to resist.
Webb also dissects the coordinated effort by Compact Magazine, Peter Thiel, and Soros-funded outlets to dismiss the Epstein scandal, and raises concerns about Joe Kent’s emergence as a potential controlled opposition figure designed to manufacture a “domestic terrorist” profile the government can later use against anti-war populists.
Go ahead … just ignore these crazy bastards.
Spit
Buygold @ 13:41
We better not see the Fed gov bailing out these spendthrift states … especially CA who has done this to themselves. Let the taxpayers there reap the “benefits” of living in a socialist state!
Realistically they will be bailed out at least to some extent. Grrrrrr

