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That’s still getting on the emotional side. A average Joe is not out to get anyone. He his just trading. Just like you and I have with short ETFs just maybe not gold.  Be in options to the down side of its topped or upside. It’s these institutions that sell paper while at the same time can coordinate knowing they or between them have enough shares to sell to cause a price drop that they then profit off of by going short then selling. They can also short their own shares.

hopefully that’s a good sign for next week and an impending bottom.

Memorial Day weekend. Keep your eyes open and heads on a swivel. They’ll do something, whether it’s this weekend or another time. Us old folk just have to be aware of our surroundings. 🙂

Kill Trump, Inflation Up, China Sells & CV19 Vax Wake-Up

Hi Mr.  Copper,

if you have time, I would be interested to learn more about these “shorts”

• Who are they?
• What are the mechanics of the trade?
• Are they Future Contracts that expire?
• Does it cost them money to maintain their short position?
• How can they sell something that they do not own and never have to pay?
• etc?

They have been tormenting our sector for years; Spec miners too, I have heard.

I have always assumed that they are the Western banking (Fiat Money) crowd and their ‘friends” like JPM; Goldman Sachs; IMF; World Bank; BIS….

1982 CBS News report—featuring a 34 year old Al Gore—predicts the "widespread disruption of agriculture", and 25% of Florida ending up underwater, "due to the burning of coal and oil".

"Climate changes could produce widespread disruption of agriculture. The American farm belt… pic.twitter.com/MF1wKGzJpE

— Wide Awake Media (@wideawake_media) May 23, 2024

I say let the shorts sit on their losses as long as they want, like we all did. And hopefully their losses will get even worse. For 10 years like we had to.

I googled “how long can you hold a short commodity position” and got:

There is no mandated limit to how long a short position may be held.

The dollar gets knocked down and the QQQ’s go up 200 pts. yet pm’s go down

To your own DD, it’s not doing that well, under yesterday’s close but I’m impressed that people are holding so far and frustrating the shorts.

I know, but they ” politics” brought this in themselves. Darn kitten wants to play with my phone. Just missed my coffee.

I know what you mean. I found out as many if you made gains and you sell and get back in on any upswing at the tops both fundamentally and charts and think this this time might be different or they know something you don’t you get your fingers burnt. If you venture just be fast on the trigger and keep your principle investment, tax amount and a few bucks in profit out of it and sticking to your predetermined support and sell levels works out better. Sometimes they want to bring it up so they can short which they can’t do on a down trend or want you to chase the stocks so they can sell. Just easier to watch the charts and get out early and get in not too early to see if testing support holds less day trading.

Summer doldrums. I don’t want to say that this time will be different. It hasn’t been for most of the 23 years I’ve been around.

The only thing that might be different is that this move started later than normal. It started in April vs. the usual late December/early January. The financial and geopolitical world is a bit different as well.

That being said, the scum has been able to do as they please for the last 23 years as well. So unless that has changed as Captain Hook suggests, then no doubt they’ll do it again. If they had to cover their shorts we would be multiples higher.

That’s unusual.

Doesn’t look like anyone’s who’s going long isn’t too eager to sell their gold or silver and the Feds concerns didn’t  even help too much with the suggested prospect they’re not going to want to lower rates just yet because they didn’t raise them enough or do enough to hurt businesses but what about the banks.

Ps can’t say I didn’t warn you, keep emotion out of it. Just look at it this way and I think you do, they’re predictable. Then Everytime for awhile this time of year there’s either a double top or a multi year double top in which that one ” resistance” was taken out so gold and Bitcoin too although don’t know too much about bitcoins fundamentals so have to listen to Simon are moving forward.

PMs they’re trying to hold back a crack in the dam. They can’t hold it back forever. They don’t have enough flex seal.

They didn’t even need the dollar to give up gains before slapping us down.

It’s already known Newsom is been eyeing the WH. I can’t see how he could possibly gain any interest other than trying to bribe people for today because when he gets what he wants they won’t see them anymore. They’ll see crime in the streets, cost of living inflation, dictation, vindictiveness, open borders and a demand everyone gets rid of their fireplaces, gas fireplaces, stoves and heat and gas cars and go buy a EV car then tax and track your milage and who  knows what else.

It was Jim Rickards. Free video but if you want his fabulous advice you’ll have to pay for it.

As for China, no clue but the scum has their mittens all over the pm market this am despite the dollar giving back all of yesterday’s gains. Rates are inching up a little though, so they have that excuse for their manipulations. Shares not too enthusiastic.

If I had to bet, I’d say that the best we’ll get today is flat.

Dollar is weakening though, more than it went up yesterday. Riddle me this, why isn’t gold up $40 if the dollar is so important? Guaranteed, the minute it moves up an inch they’ll hit the metals.

I got word he’s talking to minorities and low income areas to see if there is anything they need. It’s not the big things but little things like the neighborhood pool and things like that. Even to Lyft drivers, probably Uber too. Probably learning as much as he can to be the go to person which is not genuine but a manipulative tactic to use on them so with everything else he’s doing it wouldn’t surprise me at all if they pulled something like that.

A friend told me yesterday that Armstrong had something out about how the Demos were gonna rig  the election again but had to pay for the article. She’s bought some before but wasn’t sure about that one.

Is it a Armstrong paper?

Newsom would be a cataclysmic disaster. Bidens a slow motion disaster, but not exactly a tyrant or sociopath. Newsom would be a fast motion, pre recorded fast talking scam artist know it all manipulating no integrity lack forethought as know it alls do tyrant.

Someone trying to bring the dollar up? The Fed?  Would be interesting to find out whom. Seems bullish for PMs but focusing on charts is safer.

Minutes of the May 1 meeting released Wednesday showed that officials also debated whether their key rate was exerting enough of a drag on the economy to further slow inflation. Many officials noted that they were uncertain how restrictive the Fed’s rate policies are, the minutes said. That suggests that it wasn’t clear to the policymakers whether they were doing enough to restrain price growth.

Not enough pain for the economy to pay for their mistakes. Cry me a river.

https://fortune.com/2024/05/22/jerome-powell-federal-reserve-economy-inflation-minutes-interest-rates/

Says Biden will bow out of the race on June 13th and the Demons will replace him with a shadow candidate that has been pre-chosen. Dems intend to cheat again of course. Biden won’t resign the presidency.

The Demon candidate will be announced at the convention August 19th  – Rickards believes it will be Newsome, causing major upheaval, market crash. Violence starts at the convention, then after election. If Newsome wins, massive violence. If Trump wins, more violence from Antifa, worse than the “summer of love. ” Thing about that though is it will happen in the cities like before.

Biden resigns after the election, Kamala Harris takes over and pardons the Biden crime family.

Thinks Demons will cheat, Newsome elected, the complete destruction of the US.

I can post this if anyone is interested, but you have to wade through his braggadocio about all the things he’s done and served in the Gov’t. Did you know he saved Reagan in the Iran hostage affair? LOL 🙂

Canadian Food Bank System On The Brink Of Collapse.

https://x.com/WallStreetSilv/status/1793793732111647105

50% Of DEI Admits At UCLA Medical School Found To Be Incompetent

UCLA medical school hired a new dean of admissions, Jennifer Lucero, In 2020. Since then, the number of students failing their shelf exams—standardized tests taken after each clinical rotation—has exploded, rising as much as tenfold in some subjects.

That wasn’t a coincidence.

https://www.zerohedge.com/news/2024-05-24/50-dei-admits-ucla-medical-school-found-be-incompetent

BTW Zim announced it’s going to resume divis. This war kinda ruined it for me but others the price bounced to double off the lows. There gonna have to avoid the hooties or however you spell it.

Trying to gauge when China buying stops if they do stop by time. It’s been over for a few hours of after hours.