Iraq seizes mounds of gold and millions in cash in corruption crackdown
Finally cracks
Just like we all knew it would. I guess because the retail sales beat expectations 0.4% vs. 0.3% expectations, driven by inflation no doubt and causing bonds to be sold a bit. Funny that the dollar hasn’t gone any higher than it was earlier.
No matter. Shares realized the metals were down and cratered with them.
If we don’t get a reversal here today, I have no doubt they’ll take silver back to $30 and gold $2500 and HUI under 300. It’s the American way.
I best take some time away. May better times visit the tent.
Stop loss hunting
….will continue until the scum see some sizable buyers come into the picture. Hopefully, the previous lows @$3965 holds….
The sun rose again this morning
and the QQQ’s are down, so naturally the metals are taking a hit.
Ther is something odd taking place though, the shares haven’t really seemed to notice just yet and aren’t really getting hit, especially the large cap gold shares.
The silver shares aren’t doing as well, but that’s because they are silver shares, the single worst investment in any market.
We do need something to give here, either the shares (GDX in particular) need to break up or break down. They can’t continue to go sideways. The same can be said for GLD and SLV.
Always safe to bet on a breakdown. I’d continue to hope, but hope has been lost for months now. We had a 1% move down in the dollar the past two days and got nothing from it.
Sng 21:55
That would make a good discussion. Is enabling data centers hes worried about coming from Iran a good thing. Besides that aluminum, fertilizer it’s made all over the world including Canada not just in one place. What’s with the data centers rush So eager to replace human beings with machines. Then using these machines to brainwash and control humans. Is throwing a monkey wrench in these plans a good thing or a bad thing. The same system that would have him collared in smart city’s drinking out of their plastic bottles soup or asphalt noisy city’s good for your health?
Are these data centers good for anybody’s health including the wildlife who also need these resources like water or the echo system long term? Even industrial farming isn’t good for the environment or clean water supply They can even cause sink holes by depleting underground water now add data centers to enable ai to replace human jobs.
- Massive Energy Consumption: Data centers, particularly those training AI models, consume astronomical amounts of electricity. Residents and critics blame this surging demand for spiking utility bills and grid instability
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- Water Scarcity: These facilities require millions of gallons of water daily to run their cooling systems, threatening local water supplies.
- Environmental & Noise Pollution: Continuous cooling fans and generators produce an inescapable, low-frequency hum often compared to a constant lawnmower. The facilities also frequently rely on dirty energy and backup diesel generators, which degrade local air quality.
- Corporate Tax Subsidies: Tech giants often secure massive tax breaks to build in specific areas. Critics argue this diverts critical funds from public services without generating significant local employment.
- A Symbol of Unchecked AI: Beyond the physical nuisances, data centers have become a physical representation of an AI-driven future, causing anxiety over job displacement, energy footprints, and a perceived loss of community agency.
