Europeans Blindsided By Russian Finance Minister’s Presence At G20 In Asheville
Morning Buygold
have a little patience here….28 days up and so far only 6 days down and not even a 50 % retracment…..this is a 2nd wave dn and those can in theory retrace nearly 100 % and still be bullish.
That said why we track the SM and an increase in military activity in Iran is bearish, I will never understand.
Ipso The Deal
You know how the left likes to undo deals after election changes in favor of their own pockets.
Commentary
Rick Rule
Ha! Taxes Cpi is rigged. Doesn’t include food fuel and taxes. Printing money is frankly counterfeiting. First about 18 minutes is trustworthiness of banks.Further on, between 1970 to 1980 the purchasing power of the dollar declined 75% Those of us around then realized what happened to the purchasing power of gold and silver particularly gold that wasn’t being cornered by the Hunts, although now by manufacturing.
Morning maddog – so much for yesterday’s hopeful trading
Who should be panicking about rates? Turns out it’s anyone who holds gold and silver!
Rates up 4 bips, but might as well be up another 2%. PM’s getting creamed.
This will destroy the charts. Same old rules, there’s never an upside gap that won’t be filled in the pm market. $70 silver and $4600 were just too much for the metals to bear. Apparently $65 silver is too much for silver to bear. GDX all the way back to $80 looks probable.
One more time, pm’s save us from nothing. Crimex and shorts will have a field day today, especially with a weak SM.
Who should be panicking about rates, based off 10 year Notes
Anyone would think that it is only the US that has a debt problem, wheras in fact rates are exploding everywhere else as US rates have yet to break higher …..they probably will , This is a glorious example of how the Globalists via their tame media manipulate the truth into lies and lies into the truth.
Wheras the US has yet to break out
The Hormuz Letter
@HormuzLetter
·
3h
BREAKING: Iran has just struck an oil tanker with 3 anti-ship cruise missiles in the US-backed southern Omani corridor while completing an outbound transit in the Strait of Hormuz under US escort, per UKMTO.
The vessel is the Saudi VLCC oil tanker “SIDR.”
The Deal
The Kobeissi Letter
@KobeissiLetter
BREAKING: The White House publishes the details of the US-Venezuela oil deal and announces that Venezuela has granted North American Blue Energy Partners 100-year concessions for 17 oil fields.
Details include:
1. The 17 fields contain ~65 billion barrels of proven oil reserves
2. The US government receives a 35% equity stake in NABEP’s parent company at “zero cost to taxpayers”
3. The US receives the right to purchase 20% of all current and future production at production cost
4. The US also receives the right of first refusal to purchase the remaining 80% of production
5. The US government receives veto power over board appointments, while a majority of NABEP’s board must be US citizens
6. NABEP plans to invest up to $100 billion into Venezuelan oil infrastructure to rapidly increase production
7. Venezuela is expected to receive ~$200 billion in royalty and tax payments over the first 25 years
The White House is calling this the “biggest oil deal in world history.”
Kind of what I was hoping to see today
Metals stabilized, shares firmed up toward the end. ETF’s held their 20’s.
Hopefully we get back on the horse.
Maddog 10:07
How far can they push us, how far can war push oil prices or even expectations that will, affect miner production costs take us along with the Fed coming along with a dagger. As far as the Fed they’re going to lose either way. You can’t kick the can down the road forever. They raise interest rates the only real thing that bring things back down and eliminate debt??? would crash the economy and they know it.
Mruk
Yeah apparently that was him. Easier to find him because not that many falsettos in rock music. I saw him recently but couldn’t remember the name. Part of surviving luckily being a nurse already a hospitals students without supervision in labor away from my doctor or hospital they promised after anyways they would was some memory loss I didn’t realize yet was remembering names less I hear it a lot. I could remember everything else even word by word just not the name. The right is brothers tried to get me on stage one time because they could hear me singing along with them. I was just singing softly but didn’t know there was a microphone around me they could hear. I decided long ago not to do anything that would make you famous but the snitches around me pointed me out to them. I didn’t want to mess up their concert by refusing. Anyways I found his name. He is probably a Brit like you said, it said he was Scottish. Now with all those Islamist invading I can see why he quiet now but may have been by now anyways. I had a long range even to high pitched but coming from a male never heard anything like that before and doing it so naturally. Yes definitely dance music. I was looking for sleep music, getting less that 2 hrs a day I was getting spacy. Even thinking about taking what ever pain pills the doctors offered me or assisted suicide. They don’t have PT out of hospital. Out of hospital migrants are forming false PT that’s only exercises not real physical therapy. These people are small and can’t lift nor want to. Not qualified for the jobs. They are part of the reason of my injuries in hospitals these same kind of people as a wound nurse would run and hide if they saw anyone that would need their assistance in anything physical. That includes codes. The blacks on the other hand were always ready and wouldn’t even let me do something’s alone even if I told them I could. So just a warning don’t wake any medical covered time on them for that.
Poking the Bear
EU Commandos Board 6th Russian ‘Shadow Fleet’ Tanker After Putin Threatened Reverse Action
In my youth Sng did lots of this in CA on tributaries of the American River. Great hobby. Lots of good tips in this video!
I don’t know why he didn’t mention the most common form of gold found, along with black sand, in the bottom of the gold pan…called Flour Gold; the fine stuff like flour you have to separate from the black sand, and that flour gold almost always paid for our gas to get into those creeks and streams. But life itself is the real silver and gold. Don’t waste it sitting in the Casino! Sng
While you’re waiting and watching, better watch this: IT’s NOT OVER! Here’s the proof!
Same thing applies in the USA and elsewhere, so if you have loved ones or friends in any of these locations, send them this video. Sng
Copper
Mark
@Mark_IKN
·
2h
To be clear about my position re. copper, I’d be the happiest of all the happy little bunnies if Cu remained in its current trading range forever, it’s an amazing price, producers are minting. But I’ve seen this movie before & the trade is now crowded. So be careful, that’s all.
Buygold
The wave count looks pretty clear, we need a correction short term,…so it all fits and now we have a classic bear raid, set up with GS etc pushing the long side, in front of the raid ….
How far they can push us will tell a lot….I doubt much more, before we get a B wave rally.
Greg Reese: Balance & Power with Pranayama
Definitely worth a PM investor’s time to watch this 5 minute presentation so you learn how to keep your system balanced, or just get Phyz and relax. Sng
Dollar not helping us today
Can’t see what the 10 year is doing at the moment, but it is the last day of the month, so can’t expect much good to happen from our little sector.
10 yr. yield
The Working Group on Financial markets are out there buying as many of the 10 year bonds that need to be bought, to keep the yield from breaking through the highs from Jan. 2025 (4.776%).
As they do that, the full court propaganda will be pressed by the financial media ( once again), that rates will HAVE to go up ( when IMHO, that’s a death wish for the markets and the $40 trillion of outstanding debt).
What a racket!
maddog
GLD is sitting on its 20 ema, SLV and GDX are just above. I was hoping against hope that we might stop here and start moving higher, but you seem to imply there’s more downside.
The metals are going to have to start moving up before too long, because you can bet that diesel prices will hurt the miner’s profit margins.

