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Interesting chart. Can you imagine if some of that Bitcoin/crypto money started to move into our metals in earnest?
I’m not sure how many, if any, $100 up days we’ve had on this run, but I’m wondering if we’re going to start seeing $100-200 swings pretty soon.
I thought we’d have a big round number battle at $4K, maybe they’ll wait until $5K. I’m wondering if we might see $5K really soon, the moves may start to intensify, especially if Bitcoin money piles in. $5K gold is nothing to guys holding $120K bitcoin.
We know it’s central banks doing the bulk of the buying, but why? Do they know something is coming? A re-valuation?
We’re not hearing about supply issues, yet it just keeps powering higher day after day.
If there was a day they should have been able to get the metals, it was today when the SM cracked. Bitcoin getting trashed, down another $3K. Oil down to $57.01.
The algo’s have been working on SLV all day, but GLD seems oblivious to the pressure.
I have two stocks that can’t seem to get out of bed and join the fun. Dolly Varden and New Found Gold. Not sure what’s up with those two, especially Dolly Varden. The charts on both look good, volume has been good, but there is a consistent seller in both of them. They’ve done OK, but nothing like any of their peers.
We all knew Gold and Silver was worth a lot more. And typical stocks and real estate were both over rated, so they’ll probably both go down over time.
Probably from higher property taxes due to cash flow problems, because the USA got stuck and left with a shit load of wealth absorbing EPA jobs, service jobs and tax payer gov’t jobs, and no more machine shop jobs that that used to create wealth and paid taxes rather than absorbing taxes.
Even a real US president has been elected, all the others, (except JFK) were totally useless. Even Ron Reagan ’81 to ’89 the manufacturing jobs were FLYING out of the USA. Who the hell was REALLY in charge? Some anti American foreigners?
That is getting their snout inside the tent ……I can just about imagine what the actual language was like in the Oval office….. straight off a NY building site,
@SecRubio
This week, the UN is attempting to pass the first global carbon tax , which will increase energy, food, and fuel costs across the world. We will not allow the UN to tax American citizens and companies.
Under the leadership of
@POTUS
, the U.S. will be a hard NO. We call on other nations to stand alongside the United States in defense of our citizens and sovereignty.
@IMOHQ
Wall Street Mav
@WallStreetMav
·
13h
The United Nations plans to impose “Net Zero” carbon taxes on global shipping will raise $12 billion per year for a “green projects” slush fund.
UN bureaucrats will be able to spend the money however they want.
We went to war with England over taxation without representation.
Climate Lunatics In Germany Want Total Deindustrialization In Just 15 Years
Consider just some of the consequences:
All gas and oil heating systems in every last building in Hamburg will have to be changed out in the coming years.
The cost to landlords will be reckoned in the billions.
Hamburg’s entire natural gas network, constructed over generations and extending to nearly 8,000 kilometers, will soon have to be decommissioned entirely.
The city will probably have to impose on all of its streets a strict speed limit of 30 kph (19 mph) and take drastic steps to reduce traffic.
Municipal industries must transition from petroleum coke and gas entirely to hydrogen and e-fuels, although there is hardly a market for either of these alternatives or even the hope of one.
If this law is not reversed, Hamburg will become a wasteland.
First industry will leave, and then all the people will.
… so you can pick it up … and put it into action … so get on it brothers and sisters … thank you Robin Williams.
Pay with cash whenever you can .., trade fiat for precious metals and real assets whenever possible … and get off the internet every which way you can … thank you Clint Eastwood.
Where is the demand for physical gold and silver in England coming from right now? Is it from a public that finally sees their privacy and financial security being stripped away from them in real time by their authoritarian government.
America is waking up to this evidenced in the rise of sound money initiatives, but we need more – faster – now, before it’s too late for you.
