Posted by Buygold
@ 4:09 on May 8, 2026
Silver back above $80 right now. Gold up too. Both are well off the night highs though. SM futures higher, dollar and rates a little lower. Oil up $.50. PM shares up slightly pre-market.
Kind of odd action since the war is back on.
It takes so damn much energy for pm’s to sustain a rally with all the endless selling that goes on. They never should have given back the gains yesterday into the close, but here we are back at $80, instead of $82.
Jobs report Friday. Trump needs a good one and he’ll probably get it, so this little move higher in the overnights will likely evaporate.
FWIW
Shanghai
8 May 2026 |
AM
PM |
$90.20
$90.82 |
Posted by Maya
@ 3:40 on May 8, 2026

White flagged ‘extra’, the CSX Santa Train
https://www.railpictures.net/photo/895847/
Posted by ferrett
@ 1:08 on May 8, 2026
All over the place, by bustops, train stations, ski slopes. Each machine dispenses hot drinks and soups, and cold beers. From the same machine. The average time a train was late in 2022 was 54 seconds. Our hotel owner complimented us on being “clean platers”, that is, we never left any food on the plates. Waste, of any sort, is anathema. He must have despaired of the Australian family whose kids never finished the meals.
Posted by goldielocks
@ 23:24 on May 7, 2026
Japanese culture is not perfect, even has a unlawful gang I can’t remember the name of but the system isn’t intimidated by them. Also asked a friend who sent me some pictures while visiting siblings what’s the only women sign in their subway. Because their so crowded the women have some cars only for them so their not bothered by the men. They also have some homeless but not messy like in the US nor probably zoned out on drugs. They looked alert and friendly but down and out.
Like here young adults could still be living at home. Many not getting married. The birth rate is way down. Their government rewards law abiding like no looting seen there and will punish law breakers.
They first didn’t like south Koreans coming in but not hating them it’s a culture thing. Japanese have a social culture and my friend said they just do whatever. Their malls are cool. They even have refrigerated lockers where they can keep their groceries in while they do other shopping or a restaurant. At least the Koreans are Asian and eat similar foods and have similar religions. They already don’t want their religion in their country, men that don’t respect their culture either or their mosques.
Posted by ipso facto
@ 21:31 on May 7, 2026
A whole lotta stealin goin on!
Brings Ayn Rand to mind.
Posted by Buygold
@ 20:44 on May 7, 2026
Yeah, isn’t that funny? $920 million trade. They can’t seem to figure out who did the billion dollar trades, but they did manage to get the Army guy who did the $30K trade on Polymarket.
We have become a cesspool of corruption.
Posted by ipso facto
@ 20:07 on May 7, 2026
That’s going to be one giant culture clash! I can’t see the Japanese being happy with it. 
Posted by goldielocks
@ 20:02 on May 7, 2026
I don’t know what they’re government is thinking. If it were mostly Hindi would be one thing but the Bangladesh’s is said to be majority Muslim.
Posted by ferrett
@ 19:42 on May 7, 2026
Not sure how the Bangladeshis can wave a magic wand and procure 300k fully trained Japanese speaking ….. whatevers. And, much more amusingly, how the Bangladeshis will react to being told what to do Japanese style – not in the workplace, but in the shops, in the streets, on the trains etc.
Posted by ipso facto
@ 18:58 on May 7, 2026
Posted by goldielocks
@ 16:36 on May 7, 2026
Lol I may not know much about that stuff like a friend of mine but it’s probably not that easy and what are they going to do with it once they get it and where are they getting it so they dont get more? It’s not like something they can just put out or haven’t thought of that yet or just turn it off.
Posted by ipso facto
@ 16:35 on May 7, 2026
Posted by ipso facto
@ 16:19 on May 7, 2026
Seems to be lots of insider trading going on in the oil market. Someone’s making big money with all of this on again off again peace process.
Just lucky I guess … 
Posted by ipso facto
@ 16:16 on May 7, 2026
… giant submarine tanker! 🙂
Posted by ipso facto
@ 16:04 on May 7, 2026
It’s too bad it isn’t more easily locatable … so that we could scoop it up.
Posted by goldielocks
@ 15:31 on May 7, 2026
lol Apparently there’s no resolution with the enrichment and can understand not giving their assets away and won’t be one under those conditions , voluntarily anyways.
Just how long does it take to enrich uranium anyways? They’ve been at it for years. Seems like something else is going on. Either making things and hiding them somewhere else or selling it or for show but kind of expensive for a that.
Posted by Buygold
@ 14:09 on May 7, 2026
Trump should just stop speaking about it.
Still never going to understand why war is bad for pm’s. Whatever.
At least we’re outperforming the SM for a change.
Posted by ipso facto
@ 13:50 on May 7, 2026
Trump Mulls Restart Of ‘Project Freedom’ As Gulf States Lift Military Curbs, Iran Reiterates Nuclear Enrichment Red Line
“Iran national security commission ‘red line’: No uranium has left the country; The right to enrich uranium, the complete lifting of sanctions, and the release of the country’s assets are non-negotiable red lines.”
https://www.zerohedge.com/geopolitical/first-chinese-tanker-attacked-near-hormuz-beijing-urges-waterway-reopened
Posted by ipso facto
@ 13:48 on May 7, 2026
I think Tavi Costa has a good take on things. I’m not familiar with Christopher Arron. Having said that … we get surprised a lot!
Today sure turned to crap!
Posted by ipso facto
@ 13:45 on May 7, 2026
Posted by Mr.Copper
@ 12:35 on May 7, 2026
Gold has a long way to go. We will NEVER see $4500 again in our lifetimes. Gold is now real money, and gaining real value, not like stocks bonds and real estate at all.
Like I keep saying, we or our system is in reverse. James Dines used to say, after every massive inflation (like stocks and real estate) they always end in a deflation.
The last time we had a deflation was 1929 my friend’s grandfather, bought three houses in a row on Oak St. Everybody and their uncle has been trained to get rid of their excess dollars and have been buying stocks and real estate. Forming impressive bubbles.
A friend of mine told me a friend of his, bought a $1.2 million dollar house all cash, and three years later, property tax was $37,000/yr. So he sold it to another cash buyer for $1.3 million.
Posted by Buygold
@ 12:19 on May 7, 2026
Hard to see them holding though with the SM now down and platinum and palladium getting hit. HUI struggling with 800. Dollar turned up.
Unfortunately, we see this way too often. Nothing new under the sun quite yet.
Posted by deer79
@ 11:20 on May 7, 2026
Awesome posts! Very informative!
I’m personally more inclined to being in Tavi Costa’s camp than being in Christopher Aaron’s. I do track the daily XAU/Gold ratio ( several have mentioned that here, in the past), and it has struggled to clearly break out ( from I believe @the 9 area). Since January 1, it’s been fluctuating between @7.5 to the 8.9 area…
I will be watching that ratio, and will commit more funds to the PM stocks only when it has clearly broken out from that range.
Just me…..
Posted by ipso facto
@ 11:11 on May 7, 2026
Wall Street Apes
@WallStreetApes
California Rep Kevin Kiley says they have learned the $100 million dollar pacific palisades Fire Aid concert money was laundered to nonprofits
“What we have learned is absolutely beyond belief — Tens of thousands of people donated raising a hundred million dollars for what they was were told was direct relief for the victims. But now we’ve learned that this money didn’t go to the victims at all. Instead, it went to nonprofits”
Here are some examples
– CA Native Vote Project: $100,000 for voter participation for Native Americans
– Community Organized Relief Effort (CORE): $250,000 for programs prioritizing undocumented immigrants
– Altadena Talks Foundation: $100,000 went to supported podcasts, including Toni Raines podcast
– NAACP Pasadena: $100,000 political advocacy
– Los Angeles Black Worker Center $550,000 to political advocacy organizations
– Center for Applied Ecological Remediation: $500,000 for fungus/microbe/plant soil remediation projects
Over $500,000 went to bonuses for nonprofit leaders and consultants
https://x.com/WallStreetApes/status/2051980304227655987
Posted by ipso facto
@ 10:16 on May 7, 2026
illuminatibot
@iluminatibot
·
14m
Glenn Beck asks RFK Jr. what his stance is on the World Economic Forum (WEF):
“It’s a club of billionaires that shifts wealth upward and imposes totalitarian controls.”
“They fly to Davos in private jets and tell world leaders how to rule the rest of us.”
“During COVID, 4 trillion dollars were transferred upward while they shut down small businesses.”
He also states that Big Tech, government, and the WEF colluded in censoring dissent, crushing small businesses, and eliminating constitutional rights while enriching the global Elite.
https://x.com/iluminatibot/status/2052388047673819436