Loading ...Beautiful locomotive. And after all your train posts, one from my locality. Kirkwood is a suburb of St. Louis, my home town, and happens to have a lot of family history as well. The Transportation Museum is very cool; I’m sure you’d love it. In addition to train stuff, they have some beautiful vintage automobiles, too.
Kunstler
The No Prisoners End of the Road Election
“It’s all projection of their own bad desires, bad actions, personal afflictions to the point where the best way to tell what they plan to do is to see what they accuse others of.” — El Gato Malo on Democrats
@Maya your 0.31
The forward cab design and circular windows have remnants of the Art Deco period, otherwise functional design. Much as I am a romantic regarding steam, the diesel engine was a marvel of simplicity compared to its predecessor type.
But it can’t burn (or convert) coal, and the oil ain’t gonna last forever…
Heckuva good day yesterday
$50 up day, be nice to get a slew of them. $2500 might just be a big deal.
Rafi thinks we’ll still have a financial crisis this year/early 2025. Interesting. Surely the Fed has the same data, which means they absolutely know what’s coming and the repo rate figures. Pretty interesting if it comes to fruition. They will have to print a butt ton of paper gold to keep things down. He has a lot of interesting data, we’ll see how this shakes out soon enough. Very bad for the next president.
We wait for Sunday night, I figure either they come in and try to waterfall us, or we head straight to $2600. I’d be surprised if we saw small moves. If they do the waterfall, it doesn’t seem like they’ll go below $2400, we seem to have support there.
ferrett
Glad I don’t live in a condo … on the coast …. with seawater getting to the rebar … looking at a monstrous demand for money I don’t have from the condo assoc.!
Gotta have respect for those Roman builders. Building for a thousand years instead of 50.
ipso 14:06 it’s the rebar (reo).
Depending on how well the concrete is poured, and the quality of the mix, reinforced concrete can last up to a hundred years. Or as little as twenty, especially by the sea. Water eventually seeps in, rusts the rebar which expands and cracks the concrete. If salt water seeps in then the process is vastly accelerated. Some friends own a condo up the coast, on the seafront. Third, top storey. After they bought it they realised that they were not allowed to make any external repairs, or even paint it outside, it had to be done by the body corporate. And if the BC wanted it done, they had no option. Initially they were not happy (they had a leaky window frame, a bit of bog should stop it, but it was $’000s for a professional job – keep the water out of the building structure, not just out of the condo), but then I pointed out the almost identical block next door where the concrete cancer was all too clear. One set of external stairs had already been replaced. All the balconies had chunks of concrete falling off the underneath, and you could see the rusty rebar, or what was left of it. You could see where rust in the bottom balcony had pushed the pillar upwards so that the top balcony was an inch higher at the front than the back. How you repair a balcony when it’s poured as part of the floor, I don’t know, but they’ve now done it and I’m guessing $$$$ were a big part of the answer. Age about 45 years.
Of course, this is only the concrete you can see. You can only maintain the concrete you can see, and access. If you want to check a condo out, start in the underground carpark around the bases of the pillars.
One hundred years. Condos, tower blocks, bridges, tunnels, dams. And if you’re wondering how all those Roman concrete buildings are still standing, e.g. the Pantheon – no rebar. Proper engineering.
When you listen to Rafi …
… you will understand why PMs are at a major turning point … with gold poised to gain up to 24 times if history repeats.
Rafi Farber: 1970s Are Repeating, and That Is Good News for Gold – YouTube
Good way to go into the weekend.
Cheers all
If we can hold in the last hour here
We’ll have new highs in the HUI and gold.
Silver looking good too, and better volume in GLD and SLV.
We’ve been scraping by on light volume all summer, at some point bigger money has got to take notice.
Dollar
Has now given up all of yesterday’s gains. Should never have been up yesterday on that cruddy data to begin with.
Lot’s of sellers sitting on $2500. Must be a big level for someone. ?
WTF $224,000 condo assessment in Florida
Condo market in Florida is freaking out with massive assessments.
$240,000 for this person. It is driving many out of their condos because they cannot afford the fees.
New law in Florida is requiring that condos increase reserve funds for maintenance and inspections after collapse of a building a few years ago.
Captain Hook
Thank Goodness!
Maybe reality is asserting itself …
ipso facto @ 12:34
Yes that’s a nice 5 wave advance.
Look for a little correction – then more gains.
Developers are getting some liquidity now.
Explorers will be next.
Cheers
SP seems to be saying that Ascot is making progress with their mine start up … who knows!
Everything crossed.
Ipso
Yeah 10x volume already
Whoops
Someone just lit a fire under silver. This is unexpected.??
Buygold re: Mawson
Pretty giant volume too! No news that I have found.
Nice to see that the PM shares can move when the POG does! There were some doubts for a bit.
Captain
Good, and may they take the rest of the naked short banks down with them.
Ipso-Mawson
Your little Mawson is getting some love today, up 15% on heavy volume.
Schwab doesn’t have news on it, but someone is taking an interest.
Oh oh …
The potential 11 tonne naked short on August gold may be a BANK. Any bailout would be nearly double the size of prior bailouts.
Chuckle … snort
Aye Captain
Just saw your post.
Yep, our taxpayer dollars at work, trying to reverse the days early gains. Hopefully the good guys will re-group here.
Got a feeling the day is not over just yet. Not sure we’ll be able to re-tag $2500, but we’ve stopped the waterfall for the moment. No doubt they’ll be back soon.
With you on a strong weekly close. Like the way the shares have performed. What is amazing is that gold has achieved this without the help of the dollar or 0% rates. Imagine if the dollar starts to weaken in the index. That’s how bad things really are.
News? What news? Is there a war or something? Economic problems somewhere? 🙂
The only thing I know is that Kamala Harris is going to fix it. 43% of demonrat consumers think so, and we know they are the really smart ones. 🙂
I’ll take it easy at gold $5K in December. 🙂
Housing starts falling
https://x.com/RealEJAntoni/status/1824427115346801001/photo/1
Have a few things to do. BBL