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Good logic! 🙂 I hope you’re right.

Why does the Fed exist, again?

Yes in the big picture this selloff means nothing. It’s probably healthy … getting some of the froth out of the POG.

Cheers

Re talking heads, blame Warsh

tells me he is Ok , as they must hate him.

https://goldsilver.ai/metal-prices/shanghai-silver-price

Just reading up on Warsh….seems he was/is a heavy critic of the way the Fed was/is run and to me most important is on message with Bessant…..Bessant talks the same language….my guess is the revaluation is in safe hands.

… wait … wait … I thought the sky was falling because of Warsh … if that’s true (maybe not – and it doesn’t matter) … then why is the Dow up? … oh it’s just another PM tamp down at month end to paint the tape again … oh … will it ever end?

Guffaw … Spit

Ya on the last day of the month in order to paint the tape.

And it will work to an extent.

Not like the old days though.

Would not sell unless you need the money in the immediate future.

Says a lot about what the bankers are experiencing.

They are in trouble.

This is desperation.

Mornin all

Is there a symbol for Shanghai Silver that I can put up on my screen? Sorry if I’m missing it from your post….

Willem Middelkoop
@wmiddelkoop
·
4h
In Shanghai silver is trading with a 25% premium, due to heavy paper selling in the West

https://x.com/wmiddelkoop/status/2017176454086177156

Wall Street Mav
@WallStreetMav
BREAKING: Don Lemon was finally ARRESTED last night in Los Angeles in connection to his participation in the ambush on a Minneapolis church!

His attorney released the following statement trying to downplay his crimes.

Throw the book at him and every other one of the mobsters who violated the civil rights of those Christians.

https://x.com/WallStreetMav/status/2017225875461202046

Is recent action a bear flag…if so Dollar goes Offered….if it fails, dollar will be bid….the bear flag is what Dollar bears have got excited about…..

Let’s not forget about the outsiders hearing about higher gold prices and the strangers coming into our sand box by buying GLD or buying Gold futures on COMEX.
I heard long ago when people that buy or sell GLD the managers have to buy or sell the gold. Way back they showed on business news, the inside of where the gold was stored. They didn’t show the outside location.
Plus only the Banks can redeem GLD shares for gold and need to have a minimum huge position I can’t remember the amount. But the masses of little people buying or selling GLD are probably interfering with the natural prices.

Just remember, right now the government of Minnesota is providing cover for the protesters. Judges don’t enforce laws against them. However, if me and a group of friends went in and created havoc for the right, not only would we be arrested by the local authorities, we would also be arrested by the Feds and prosecuted. In that way it’s not different from the UK.

Now, if Trump were to put out a call to arms for help, different story. You’d see hundreds of thousands of men come out and support.

That’s why he cannot give an inch. Not only are the illegals breaking the law but so are the protesters. ICE is doing their jobs. If a protester interferes they deserve what happens to them, even death.

I see the dollar bounced back hard. Wow.

Still surely the US will get tired of the Dems, who whenever in trouble….ie the Fraud in Minneapolis , take to the streets and try and burn the joint down…..that sthick can’t work forever.

Take a look at the dollar this am – it’s starting to slide again. It’s having trouble with the 200 dma.

As it has slid, the metals have picked up some steam, and believe it or not, so are the shares.

Not suggesting we finish up on the day, just not nearly as bad as it looks right now. Watching the shares closely.

and I wish I had a better report. The good people in this country, the 70 million that voted for him and had faith in him, and still enough faith in the system  to elect a President that would truly bring justice and end wars after all we’ve seen for so long over here with Bush, Obama, and Biden. We voted to end all the illegality and graft, endless war. We voted for justice and still see none.

I’m afraid our only hope is civil war, which we’re really in right now, but it’s the Trump admin and federal law enforcement against well-funded and paid gov’t anarchist’s. We the people who voted for Trump are like everyone else. We won’t go out and fight unless we are hungry and cold and can no longer take care of our families. We voted for our Gov’t to do that – Trump and Republicans. They are failing us.

They’ve done some good on important things like RFK Jr. and vaccines and food. Some on taxation, etc. but the swamp lives, because the swamp fights to keep its power. So far, they are unmatched.

and clearly shows we got more than a little carried away and there was talk of the noisy marsupial…if we just back and fill and let the 15 week catch up….this is still a super strong mkt.

Tks for that ….doesn’t read well…..and u know the individuals…I don’t.

I have more faith in the US people , even over in the UK and Europe….if Trump doesn’t deliver they will find someone else, or take to the streets and do it by force.

Many, many are awake to what the Globalists offer and they want no part…..

yes, Bloomberg, Reuters, AP, CNN etc. always go with the story that paints Trump in the worst light. Warsh is swamp, so it makes sense that they’d run with that story – to further demoralize the Trump base.

You have more faith than I do in him. Our corrupt Senate will let him know who and when they’ll approve his people. They are owned by the same guys that own the aforementioned media outlets. They made this very clear early on when they refused Matt Gaetz as AG and approved Pam Bondi.

Whether it’s Warsh or not, I do not know. I don’t know who else it will be, but I promise you it will be someone who doesn’t upset the Globalist applecart. The Senate simply won’t allow it. That’s why they didn’t allow the gold bug Judy Shelton on the board during his first term.

Until he and his team actually arrest someone of significance among the Globalist scum, who has stolen our elections and our taxpayer dollars for decades. Trump is just delaying the inevitable and we will end up like Europe.

Reaching out to Minnesota and the Governor Walz and Mayor Frey was a huge slap in the face to ICE and a sign of weakness. He should have declared an insurrection, arrested them, and put those protestors down.

He may have the best of personal intentions but should come out and say his hands are tied, and quit bragging about all he’s done.

We won’t do that today, but we won’t close down here either – below $100. Too many bank shorts.

Ferret is right, if this is truly a supply shortage, nothing is being resolved by the price dropping below $100. Buyers will come in to pick up every available ounce. If it’s all been speculation, then this is a bubble and we’re going down a lot further.

If someone told me gold would be at $5K at the end of January, I would have kissed them.

Best guess we close between $105-$108 in silver, and $5100-5200 gold.

The shares suck, so they’ll lose 10% no matter what happens. If they do better than that, it’s a gift.

I see as I’ve written silver is back above $100. Hopefully we consolidate for a little above $100 and then let supply figure out what they got. Refineries aren’t moving any faster, some are still shut for maintenance.

The only thing leaving London, NY and Chicago today is paper. They better get it right.