and here is daily

He’s not behind the curve he’s intentionally behind the curve.

I think Russia has been hurt by the sanctions, I’m sure not as much as the sanctioning countries would have liked. One of Putin’s stands re: the proposed peace deal would be lifting of all sanctions and of course getting his $200 billion back. I was reading something about Belgium thinking that somehow they might end up on the hook for that 200 billion themselves if the EU grabbed it. Putin has already said that if that money is seized he would take action against the Europeans. That’s a dangerous game they’re playing! Do they really need that money so bad?

Cheers

PS One of my biggest disappointments with Trump is his free spending ways. He’s done little to cut the deficit and instead it’s as bad as ever. This may have been our last chance to get the spending under control and the chance has been squandered. JMO

the EU are totally deluded. They seem to think that they can exercise some authority over Russia. The truth is, Biden’s sanctions were just Kabuki theatre, dramatic posturing within a traditional, carefully orchestrated dance. As Trump would say, the EU has no cards to play.

The sanctions haven’t really hurt Russia. Any discomfort Russia has felt is magnified ten times upon Europe. Like America cares about that! No, the sanctions are all Kabuki, looking impressive but designed so that Russia will not retaliate with sanctions of their own. America has enough issues with electricity prices because of the green new deal without risking Russia cutting off uranium supplies. I’ve no idea what sword of Damocles Russia is holding over Belgium, but if the heart of the EU is so scared that it is allying with Budapest on the issue, we know it’s a big one.

We’ve seen how China brought Trump into line over his aggressive tariffs by stopping, or threatening to stop REE exports. Extra tariff income for the first eight months was $195bn, roughly double the normal level. In Trumponomics that’s enough to eliminate income tax, pay everyone a $2,000 tariff dividend, subsidise farmers, eleiminate the deficit and start paying down the national debt.

Nothing is as it seems: or, at least, as they want you to see it.

I have silver from $5.50…and gold from $350 and I’m “locked and loaded” so going back to sleep.  All the Best From SNG

The guy in the video said $75 by year end. Is that really possible with two weeks left?

The earnings from these silver companies should be huge.

This is crazy to me. The general public hasn’t even joined yet.

Is that the new trend for 2026?

Looks like we’re busting through the triple top in the HUI. Shares outperforming for a change – they should be.

I don’t see how they’d do it, but I’m sure the scum would love to flatline or crater gold while that gold/silver ratio gets back to 40/50-1.

I just don’t see it. 2026 could be the year of the mining stocks. Hope so, earnings growth should be phenomenal.

Fed Chair Powell’s Track Record & Credibility Crisis: From “Transitory” to QE “Lite” in 3 Years … and what comes after!

Jerome Powell thinks we are all fools. He believes he can stand at a podium, look the world in the eye, and tell us one thing while his hands are furiously doing the exact opposite.

Today, the Federal Reserve Chairman did it again. After the last FOMC meeting on October 29th, he explicitly stated that another rate cut was “not guaranteed.” In fact, his tone was so hawkish that odds of a 25 bps December rate cut (orange line) dropped to about 20% in the weeks that followed, before shooting up to over 80% in the last week or so, once the market realized it was only hollow rhetoric.

Today, he cut rates by 25 basis points. This is the third consecutive cut, for a total of 75 basis points, each one preceded by hollow, hawkish rhetoric that fizzled within weeks.

But the rate cut isn’t the real story. The bombshell, the admission of defeat, the signal that the endgame has truly begun, was buried in the fine print. Powell announced that the Fed will begin a new program of “QE Lite,” purchasing $40 billion in Treasury bills every month.

This announcement comes just ten days after the Fed officially ended its Quantitative Tightening (QT) program on December 1st.

Let that sink in. The Fed couldn’t even survive for two weeks without printing money. This is a stunning, panicked reversal. It is a public admission of the Fed’s complete impotence in the face of overwhelming debt and political pressure.

It is the most bullish signal for hard assets since the Fed’s infamous “transitory” inflation call of 2021.

Powell’s words are now completely meaningless, a smokescreen of Fed-speak designed to obscure the ugly truth. He has been wrong about everything: the inflation spike, the stagflationary reality, and the path of rate cuts.

His credibility is not just zero; it is negative. The only rational way to interpret his statements at this point is to assume the opposite is true.

And his actions, the only thing that now matters, are screaming that a massive, full-blown QE program is not just possible, but inevitable.

The trend is our friend, and Jerome Powell, through his forced actions, has become the most bullish force on the planet for gold, silver, and the miners that pull them from the earth.

So, Let’s Dig Into The Following:

1. Powell’s credibility chasm. | excerpt: “And all of that data will point to the same ugly reality: significant weakness in the economy. Consumer data, bankruptcy data, jobs data, manufacturing data, trucking data; all of it is flashing red.”
2. The pivot that isn’t coming but is already here!
3. Caught in a viscous circle without escape. | excerpt: “The previous rate cuts have done nothing to help the economy or stem the rise in joblessness. The economy is faltering hard, and the consumer is buckling under the weight of persistent inflation and job insecurity.”
4. The inescapable forces that are forcing the Fed’s hand!
5. The perfect storm for the miners! | excerpt: “This creates a situation of massively expanding profit margins. The miners’ revenues are soaring as the price of their product goes up, while their costs are remaining flat or even declining. This is pure rocket fuel for their stock prices and that is still ahead of us.”…

EU Rushes To Secure Russian Assets Under Emergency Powers, Bypassing Hungary Veto

https://www.zerohedge.com/geopolitical/eu-rushes-secure-russian-assets-under-emergency-powers-bypassing-hungary-veto

Rep Massie Introduces Bill For US To Dump ‘Cold War Relic’ NATO

Conservative and outspoken libertarian-leaning Republican Rep. Thomas Massie of Kentucky introduced legislation Tuesday for the United States for formally withdraw from NATO. Sen. Mike Lee is also helping lead the charge, introducing companion legislation in the Senate.

The bill argues that the US military cannot be seen as the police force of the world, and that given NATO was created to counter the long-gone Soviet Union, which no longer exists, American taxpayers’ money would be better spent elsewhere.

“We should withdraw from NATO and use that money to defend our own country, not socialist countries… US participation has cost taxpayers trillions of dollars and continues to risk US involvement in foreign wars… America should not be the world’s security blanket – especially when wealthy countries refuse to pay for their own defense,” Massie said.

https://www.zerohedge.com/political/massie-introduces-bill-us-dump-cold-war-relic-nato

The way he predicts the market it reminds me of the Titanic. Where the mark up is when the bow starts to sink and the aft “metals’ starts to rise. Then it breaks crashed back down, what he expects next, then the bow continues to head down parts of the economy”  and the aft or stern “metals” and energy starts to seriously rise to the sky. Then I guess were gonna need a new boat and a captain that doesn’t get pressured by some reckless arrogant show off  into jeopardizing the passengers to supply their weak ego.

Commuting in So. Cal. 60s
https://www.railpictures.net/photo/890933/

Good I’m glad. Get enough drinking water for awhile less you have a good filter. Boiling water isn’t always good enough when other things in debris and land pesticides and chemicals are in the water. All else fails collect evaporated steam if it’s bad enough. That takes awhile though. I did it before, for a dry run test. Takes a lot of fuel less you can use the sun just to get a half of glass of water less you have a big container to heat up.

No major worries. May have to fire up the sump pump but we won’t float away.

Knock on wood 😉

I hope your not in one of those flood zones. I’m glad they’re evacuating before the floods not after so they can protect pets and live stock too and hope they have good warning systems.

100k people to be evacuated. Glad I don’t live by a river! The governor is going to ask for FEMA help. Last time Trump denied it, this one is much bigger. Rivers crest on Thurs.

Don’t give em any ideas!

No two alike …

Individually identifies every arsehole on the planet. CCTV cameras will be installed in all pavements.

Don’t forget the anal probe!

It is TOO MUCH isn’t it!

All these restrictions on what you can do would drive me crazy! Sounds like the unions have really got the system in their pocket. I don’t think Americans would stand for these rules but I’d guess it was a creeping sort of restrictions a little here and a little there continuously. You can save a lot of money doing repairs yourself! I hate having to call in a plumber! 🙂

Cheers

I gotta say Maddog that a lot of your politicians should be in jail … same as here but at least we have some people with sense currently in office. That would be an earth shaking change if the US and EU had a split. Almost seems like they are forcing it with the unrealistic peace demands re: Ukraine. I agree it sure does look like they don’t want peace. What to do!

Cheers