Right and why a SM crash due to some event will drive the currency of that country up fast temporarily.
But the question you have to ask yourself at that time is what are you going to do. Lose both and take a loss maybe holding some just to piss off the ones who want the PMs to go lower so they’ll be right and get out because as far as the stocks it’s already traded in dollars and still have the cash to buy them back when the time comes.
My view when ever lots of people cash out its should drive up Dollar demand.
ChatGPT Question:
Does the US dollar gain strength because of people selling their stocks and going back into US dollars.
Ans: Yes — often, at least temporarily.
If investors sell U.S. stocks, they usually receive U.S. dollars from the sale. That can create short-term demand for cash/T-bills, which can help the dollar.
Very often there’s a “flight to safety”:
That often makes the U.S. dollar rise, even while stocks fall.
Yes — stock selling can strengthen the dollar if the proceeds stay in dollar assets, especially in a risk-off panic.
But stock selling by itself doesn’t automatically strengthen the dollar — it depends on where the money goes afterward.
The petrodollar is required again after four months of redundancy if oil and gas (and helium etc.) are flowing freely again.
High (Volcker) interest rates hammered gold and inflation in 1980 because there was no Govt debt. so there was no interest charge, whereas high rates this time simply make the deficit, and the money printing, worse. High rates might crush CPI briefly, but the overall effect will be inflationary.
Well that pretty much wraps it up less something changes in the meantime. Yes any bounces in metals nearer term can be sold while watching the Fed that just shows how financially messed up things have gotten because of crony capitalism and corrupt governments.
Unless you have at least another 20 years it will be useful to you it makes no sense to be all in long PM stocks and accumulate the fiat to invest in other things or the next lows if you have the time in years when it fizzles out or something tangible of equal value so you don’t need to sell your phyzz less your are up to risking it to get more back for less when it goes back down. And when you see the talking heads telling you this can go much higher after the rally, and momo is now dropping along with the shares turn off the noise in this volatile sector and don’t take a loss.
Oliver took a hiatus from X as I understand. Hunter was what $150-$300? I don’t remember but what I know is that neither will happen this year. I’m surprised we had the kind of rally we did, they’ve crushed sentiment so badly for the last 25 years. The general public wasn’t buying like they did in 2011 and will never come back – they were huge sellers this time.
All that being said, this could be a massive hit job that gets things prepped for rate cuts later in the year that might surprise people. Maybe in the fall. Oil is back to where it was pre-Iran. Even if that’s the case, it’s going to be a long, crappy summer for pm’s.
Base metals were up today surprisingly. PM’s always take the brunt of any massive selling.
Rates eased a lot today. The dollar should follow. Rallies in pm’s will be sold though. GDX held the double bottom and I think it might hold, but if it gets back to the 50 dma, it will be sold again. These shares are pretty much toast for months – again.
Did Oliver close his X account? He was way out of line. Hunter is over the top but has good information and was close to the nearer teem numbers besides what ever numbers they come up with. Like I mentioned before they are not just wrong less it’s practically already there, some of the time but most of the time. People have to do there own DD.
Although have to remember less their paid what’s happening now other than them over looking it, like the Fed is not their fault. This year isn’t over yet but the ones doing this want to get ahead of it themselves. I am beginning to wonder if top capitalist and government wants to keep the PMs for themselves now. Will they try to ban it or restrict it at some point in the future so they can do just that? Keep it all for themselves now they they need it and those who want to control the fiat don’t want competition. No matter what form of money or barter comes from it their ideations will be their own undoing. In the meantime waiting for them to take it as low as they can with PMs the stock I mentioned building momentum Im not going to mention again at this point because it’s already climbing. Not space x.
Never mind the “SAVE Act” excuse. It’s B.S. They’ll remove the CBDC provision quietly.
A national emergency…
Nothing beats silver to the bottom. Absolutely nothing. Chris Oliver Mr. $300-$500 silver has shutdown his “X” account for the rest of the year. I wonder if that other genius Goldie posted videos of, Dave Something, dares to show his face on another pm video?
Ipso – supply doesn’t matter.
They’re getting rid of the inflation problem in a hurry. We better start seeing prices come down in the real world.
Is gold making new highs in all the other garbage currencies? So much for the dollar collapse.
I don’t dare even look at my account.
I thought crimex was running out of gold and silver?
or it’s all over.
OTOH – it been over for a while now.
Rates all the way down to 4.4% from 4.5 yesterday. Dollar easing up a little. Look at the DOW go!
The last vestiges of financial sanity have been expunged with today’s orchestrated actions. Beyond words. Over and out!
Right unbelievably tragic. I almost want to tell them was I learned from American Indians, a powder you don’t want to breath in or it will tear up your lungs and not a chemical or illegal but could wind up in the wrong hands and lethal.
That reminds me, I heard in some places they even banned peppier spray. I learned as a teen although I didn’t need it then if all else failed I could outrun anyone that needed outrunning. Pepper spray idea was stolen from Mexican girls. They used to carry very hot powdered chili peppers. Good to have when camping or traveling too since it’s not illegal.. yet. Women and teens should carry it with them and practice using it first. Wide sweep across the eyes then run. Boys can carry it too or screw drivers if someone pulls a knife on them. Many other ideas.
Europe is a tragedy. Let’s not let that happen here!
Mark
@Mark_IKN
·
37m
In light of the news that JDS Energy & Mining is being sued by Victoria Gold’s receivers for its bad work, we remind readers of recent JDS mine builds:
• Silvertip (failed 2020)
• Madsen (failed 2022)
• Eagle (failed 2024)
• Premier (failed 2024)
Looks like it. It could be worse. We could be living in the UK or Europe where weds have to ark ourselves against trolls, goblins, and evil spirit possessed migrants running around.
David Stockman
@DA_Stockman
The suckers who bought the IPO and the first day rally truly deserve to have their financial asses kicked. The whole Space X narrative about data centers in the sky was blithering nonsense.
Quote
Barchart
@Barchart
·
Jun 23
BREAKING 🚨: SpaceX
$SPCX has now lost more than $1 Trillion in market cap since hitting a valuation of $3 Trillion last week 📉📉
Open Source Intel
@Osint613
·
Jun 23
BREAKING 🔴
Iranian Foreign Ministry spokesman Esmail Baghaei openly contradicts Vice President Vance:
“Iran has no plans to allow IAEA inspectors to enter nuclear sites that were damaged during the war.”
They want people to live in little cubicles while the elite jet around and feast every meal!
Willem Middelkoop
@wmiddelkoop
·
19h
I love perspective
They did? Lol We seen this pattern.. support .many times before. The major support is the previous all time high now they attribute to 1980 but in April 2011 silvers high was 49:80.
Ubi right, they like to take not give but if they did they’re not going to afford those robotic made cars either and a lot of other things.