The Kobeissi Letter
@KobeissiLetter
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2h
BREAKING: The 10Y Note Yield officially rises above 5.00% for the first time since October 2023.
US mortgage rates are back above 7%.
Mortgage rates above 7%. Blechh
Maybe this is the “good” news
Trump Declares Ukraine, Russia Have Agreed To Halt All Attacks On Energy Targets
Buygold
Looks like this morning’s loss has been cut in half … as far as I can tell. Some good news would be welcome!
Maddog @ 12:12
Thanks! That makes sense. 🙂
Maddog
What?
Pretty bloody on my screen.
ipsofacto
Re Independence
It’s the usual loony’s….they all want out so they can join the EU. because they figure they will get more money from the EU…only problem is the last thing the EU want’s is deadbeat’s with their hands out, seeing as how it is already broke. No doubt the EU will lose the application letter, like they have before.
The EU want’s Switzerland, Norway Iceland etc…all nice rich places, they can rip off.
Golodielocks
Can’t see why or how a broker can refuse a GTC order….it’s a valid order and in these days of all electronic trading, it’s not hard to do it.
I would sack the broker and report them.
Tungsten – Australia – Greatland Resources
As of its major portfolio upgrades, Greatland Resources controls a massive resource base across its key assets in the Paterson Province of Western Australia. [1, 2]
Their total resources for tungsten, gold, and copper stand as follows:
- Tungsten: 246,000 tonnes of contained tungsten trioxide (WO₃).
- Gold: 22.9 million ounces (Moz) across their entire gold-copper portfolio.
First pour forecast for 2029
Osisko Gold Announces Formal Construction Decision and Development Update for the Cariboo Gold Project
deer79
Tungsten miners are very interesting. It’s a real bonus for precious metals miners to have some tungsten with their gold ore!
RE: TUNGF Chart looks prospective …
Almonty Industries and the Government of Rwanda Form Strategic Tungsten Partnership
Partnership follows introduction by U.S. Department of State under the 2025 U.S.-Rwanda Framework for Shared Economic Prosperity
Government of Rwanda to receive a 25% equity interest in a platform combining the near-term collection and export of ore, pre-concentrate and panning tailings from Rwanda’s existing small-scale license holders with mobile processing and new exploration
Ipso
Agreed. Another Tungsten stock I’ve started to watch ( I do have a very small position) is TUNGF. They’re early on ( Phase 1-2) in developing their Nevada project, but they did just sign a cooperative agreement with Antimony FWIW
Tungsten is hot right now
Oliver Groß
@minenergybiz
U.S. Tungsten: This is big news 👀🔥
Blue Moon, The Elmet Group, and EQ Resources Announce a US$150-$175 Million Investment into the Springer Tungsten Complex, Nevada, to Strengthen the U.S. Tungsten Supply Chain 🇺🇸
deer79
I know. They’ve been stealing from us for 25+ years.
Buygold
That’s extremely hard to do (look at the bright side), when so many talk about the metals going much higher, but all we do is stay in the same wash,rinse, repeat cycle……..
Fed decision on rates on Wednesday. And the games continue…..
Deer79 – look at the bright side
Bitcoin is up this morning, and the 10 yr is still below 5%.🤣
Did you ever think in your wildest dreams that inflation would be bad for gold? Or war?🤬
Not too much longer and everything will change old friend.
Thinking of a song by the Bangles this morning….
It’s just another manic Monday (whoa-whoa)
I wish it was Sunday (whoa-whoa)
‘Cause that’s my fun day (whoa-whoa)
My, I don’t have to run day (whoa-whoa)
It’s just another manic Monday
sng 23:56
yeah and unless institutions can trade directly who is the only one who can naked short? I’ll answer that. The ones doing the buying and selling, the Market Makers. The regulators like the Sec are supposed to be monitoring them. So what’s going on.
Morning maddog
Under Trump, we may not be baiting Russia publicly, but he has very little control over what the clowns do. If you remember, they were the ones who overthrew the Russia friendly Ukraine government in 2014 that started all this. We’ve put $300 billion into this war, the permanent bureaucrats that cannot be fired, aka the deep state, run our country. The money didn’t stop flowing when Trump came into office. Our presidents are temporary landmarks.
Got a feeling we’re in for an ugly week.
It appears Maddog is correct, SNG is wrong. Borrowed shares used to short a stock do have to be repurchased and returned to the Broker.
Naked shorting may be another thing though, as explained in this internet response:
“Naked short selling is a controversial practice where traders sell assets without first borrowing them. This can cause a supply shortage of shorted securities, potentially impacting market prices. Despite being largely banned in the U.S. and the EU following the 2008 financial crisis, the practice persists due to regulatory loopholes, which affect market stability and transparency.”
The only other explanation that makes any sense of the lack of participation in/by the PM shares is that either very deep pockets are using unlimited shorting to depress/short PM shares, or they have access to the money printing press, meaning they have a “free pass” to unlimited shorting. I still prefer Phyz in hand, the store of value for all of history. FWIW from SNG!
Saudi Arabia shuts down major oil pipeline after drone attacks.
Saudi Arabia shuts down major oil pipeline after multiple attacks https://share.google/776YTX5h17cx3Aoq3
ferrett
Thanks for the informative answer. So I guess it’s a nothingburger after all.
I wonder if the immigrant invasion is part of the discontent. Hearing about some little village of 250 and the gov is putting 1500 Muslims of military age there. It’s just outrageous!