Loading ...Rachel Reeves ridiculed over boast she can ‘balance the books’
People who will sell.
Billionaire will pull his money from the stock market if Harris wins. Not the only one I watched. Another lost 600 employees in the world trade center. Money will leave America. Jobs will leave America. We just might go into a deflation. Not to mention another 20 million illegals eating our lunch. My daughter had to wait over 24 hours for surgery with open wounds as is with not enough good surgeons to go around as is.
Buygold
The PMs should be able to stay in a range for now although I worry about the election being rigged. From the comments of very wealthy people if Trump doesn’t win I fear the market will drop and possibly pull gold and or the shares down with it. They’re not gonna trust their money with that nitwit puppet who also has no soul and is playing dumb. She’s smart enough not to say what policy’s she’ll play because no one would vote for her so she’s playing dumb but people can see through her.
Even the Bible mentions these sociopaths who get in power. Seems rather easy to do if you have no soul. Just cooperate with satan. In the meantime it’s hard to keep the good ones because they just can’t be in the same place very long or at all. Who would want to gain wealth by causing someone else to lose theirs and even goes beyond that with these monsters alter egos to suffering and death.
Maddog, Deer79 – Looks like you guys are probably right
They got bonds under control. The dollar is flat because the Sterling is falling on its face, probably for the reasons Deer79 mentioned earlier, otherwise it would be down.
The scum has shown us that they are still capable of manufacturing a waterfall though. On the bright side, gold was due for a pullback and is no longer overbought, silver even less overbought and could bounce back from here at any time if they can hold $32.50.
The HUI is trying to hold the 320 level, although I have zero confidence that it will. It broke below its 50 dma today just as it has done every time in the last 4 months before moving on to new highs. Actually, the chart on the HUI looks perfect, and we may have seen the lows, or will see them in the next couple sessions. Unless the metals have a lot further to fall, it looks like a buy and may turn up before the metals. Slow stairstep higher that brings modest new highs. Hard to bank on pm share charts though, because the scum loves to terrorize them, and they seem so dependent on the SM.
It’s worth a look, almost textbook uptrend.
Little bit of short covering coming into GLD & SLV now, would like to see us close well off the lows. It could happen ya know. 🙂
FWIW…
Interesting commentary from this young lady – perhaps gives hope for the future?
fun facts
“Gold mining output significantly affected South Africa’s total mining output in 2023, having declined by over 80% over the past three decades.
This was revealed in a presentation by Minerals Council of South Africa chief economist Hugo Pienaar at the Mining Indaba this week.”
https://dailyinvestor.com/mining/43589/gold-mining-has-lost-its-shine-in-south-africa/
Goldie
Pelosi is an evil witch, wholly owned by her God Lucifer. Completely devoid of empathy or soul. We’ve seen lots of leaders like her in history, sad to say. No doubt the guy had problems, but the real problem lies with Paul Pelosi. He should feel very guilty about what happened and I imagine old Nancy reminds him of it daily.
How do they become our leaders every single time? It’s no accident.
If you watch Abrams tanks and Bradley vehicles in Ukraine
Crews are sometimes surviving direct hits from drones and anti-tank weapons from the Russians. The armor is substantial, I think the US tanks are really good, I’d hate to be in the firing line of either vehicle. They also hit the Russians with a sophisticated rocket called the M142HIMARS and it’s worth going to Youtube to see them deployed on the Russians. They guys are getting messed up. Also from a design perspective, Russian tanks are a joke, they holding area for munitions is easily compromised with a precise drone hit and they explode into atoms.
BAC
….and the fact that Warren Buffet has sold nearly a 20% stake in his funds holdings (of around 1 billion shares) of BAC shares……
I do think this is end-of-the month “marking” for the Cretins. We’ll see during the first week of November if it’s anything more than that. But, the election will add just a tad of volatility I suspect…..
OTOH
A $50 hit doesn’t feel like it used to. Hard to believe we’re still up around $2740, even $1.20 in silver just gets us back to $32.50.
A hit in the shares is sure the same though.
Maybe this is nothing but the end of the month game.
Maddog-yeah
Hard to see a comeback on a day like today. Doesn’t happen in pm’s.
I think this may be a little more serious than the usual end of the month beating, only because the SM is getting hit hard as well. We may be seeing the beginning of the repo problems centered around the bond market. I say that because the crashes always start with pm’s getting hit harder than everything else but ending sooner. There’s a problem somewhere IMHO. No idea how far down they’ll take pm’s, especially if demand is really that strong. The shares never really got off the ground, so I guess they can go a lot lower.
I suppose we’ll know more tomorrow. If we have another day like this, then Sunday night could bring in the PPT. Just a guess.
eeos @ 8:23 I was in a tank unit in 1963. M48A1’s and M60’s
Even back then we were told the average life of a tank in combat was about 20 minutes. Now with drones I can’t imagine a tank having any purpose at all, except maybe for show. Fragmentation kills all inside when/if it is hit.
So much for all that talk of OPEC/Saudi allowing prices to slide
Saudi Arabia Vows To Maintain Its Status As An Oil Giant
https://www.zerohedge.com/energy/saudi-arabia-vows-maintain-its-status-oil-giant
Maddog @ 10:48
AEM is a class act! A true blue chip.
“will the shorts be forced to cover today?”
I sure don’t know … but wouldn’t it be great! 
Soon
Notice something missing from the news since Biden succumbed to Harris by his buddies who put him there and just traded one puppet for another? Probably cut him a deal.
Hunter. He just disappeared from the media all together.
ipso facto
Those AEM numbers are great…shame they came out the night before the last day of the month……seems our mates are going all in to make the Monthly closes look as shiite as poss……
then again they have had to let their beloved SM crater as well…….
Here’s a thought….will the paper sellers have to short cover before the end of the day…if those huge buyers are taking all this in ?????
Lots of cross currents today
The 2yr and 10yr British Gilts yields are exploding today. Britain’s financing needs (compared to their earlier forecasts) are exploding higher. And our 10 yr yield popped up to 4.33% this morning and is now easing off…..
I suppose they cld smash it for a few hundred right before an election
Look everyone, it’s under control. see
Buygold
No doubt Pelosi was behind that sentence. It will just send a message to people like him entrapped in their web you might as well just kill them because you’ll get a life sentence anyways. Yet she’s okay letting criminals and lunatics like themselves in this country illegally no less for insurrection by election interference to attack citizens and she could care less.
Hopefully Trump will win despite all their efforts to cheat and well be out with the old garbage and in with the new. ?
