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back up??? 🙂 Dollar and rates bounced up a little, now settling back down.
Captain, I find it interesting that a wave of capital is coming in just now. Has it been so easy just having everything in NVDA that they haven’t noticed pm’s for the last year?
I also agree with you about the local level – especially politics. We’re finding out how entrenched these Marxists have gotten locally.
Posted by ipso facto
@ 11:50 on September 30, 2025
Canada-based gold producer Alamos Gold has announced the sale of its development projects in Turkey to the local gold mining company Tümad Madencilik Sanayi ve Ticaret, for $470m (C$646.93m).
Posted by ipso facto
@ 11:31 on September 30, 2025
No it’s not good! Sure seems like Trump has changed his tune in the last few weeks. I hope it’s a bluff too … pressure on Putin. If not Trump’s probably got a nicer nuclear shelter than anyone else …
PS “Bluff” We’ll find out if US built cruise missiles start landing on Moscow!
Re Fox news……that is not good at all…I really wonder what Trump is upto….how can he have been got at by the Globalists…no way would I have voted for this either…if I had a Vote ….unreal and epicaly silly….
The only solace I take is the mkts don’t care at all, the SM should be cratering, with PM’s and Oil flying….maybe they see it all as a bluff….
Some schools in Germany will not have music lessons because they don’t want to offend sensibilities of Muslims, who consider music a grave sin. It sounds like a joke but it’s not.
Despite the dollar and rates soft, things reversed course in the overnights sometime between 2 – 3 am eastern.
Most everything is down as well, SM, Bitcoin and oil. Oil getting hit for 1.5%
Silver taking the hardest hit, down $.56 but still above $46, gold only down $15, but still above $3800. PM shares are pretty weak. We could tell with the way NEM and B acted yesterday that we were probably going to pull back. The fight for HUI 600 is on.
We’ll see how far they let them fall before the buyers step back in. Hard to say because we are so overbought.
Government Sucks talking $ 6,600 for AU….then boom …the hit comes, right at Month and Quarter end……Looks like they are all in on this one…and why has the SM never seen this kind of blatant manipulation……this might be an epic sell off…
Posted by goldielocks
@ 2:54 on September 30, 2025
That’s crazy and don’t let him get away with his so called proposals. I wonder if you could get Musk to Doge them and find out just how much tax dollars are being misused and mismanaged. They need to stop being on the defensive and go on the offensive or they’ll just pizz that money away too and come back for more.
The top rate of income tax was 83%. But then there was an investment income surcharge which was obviously not a tax because it’s called a surcharge, so if you had high income and investment income your tax rate was 98%. That was before VAT was introduced. In Sweden, the tax rate was 102%, so I guess the limeys were lucky.
Now you’ve got 20% VAT on what you spend, and whatever Reeves is proposing to screw out of you for income tax, plus taxing unrealised gains on your house; and next on everything else. Perpetual stamp duties. Capital controls will be next to stop you leaving the country (last seen in the sixties).
If only the country could go to the dogs. They live better than this.
Posted by goldielocks
@ 23:46 on September 29, 2025
The good thing so far is we might see stagflation, it’s not because of dollar crashing or hyperinflation that gold is going up so there will be some safety when gold or silver is much higher and can be cashed into dollars without losing value over night anyways.
Ferrett seems more logical to return their rejects back to there country. Using them as a excuse to take your rights away They don’t belong there and don’t deserve to be there. No matter if they don’t believe in God or not if all they know, evil is still evil.
Posted by ipso facto
@ 22:13 on September 29, 2025
Otavio (Tavi) Costa
@TaviCosta
·
7h
Gold miners made this move a few weeks ago, and now junior silver miners are beginning to break out relative to the price of silver.
Although the metals themselves are still undervalued compared to the money supply and other financial assets, it’s important to note that in-ground mineral reserves remain historically underpriced — and they’re only now starting to attract attention.
Exciting times for those holding high-quality silver assets, in my view.
Gold finally expressing its financial importance, the anchor, the centre around which everything else orbits.
{edit} I mean, it’s what we’ve been waiting for for decades. Gold to be recognised once more as the foundation of economic activity. The standard against which every other currency and commodity is measured. Rather than the USD being strong against a basket of currencies, or the pound weak compared to the dollar, or a stalk of celery, gold is coming back into its own.