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I’m trying to remember what the last great IPO was in the dot.com era circa 2001 that initially soared but eventually crapped out and set off the ugliest tech bear market in history.
The dollar is picking up steam once again. Oil back to flat. I’m losing hope for a miracle turn in pm’s.
at least in the SM and pm markets. PM markets are a daily terror, so no surprise there. What would surprise would be if this was a spike down and reversal that ends the bear market. But I digress…. hope stinks eternal.
What’s odd is that the dollar is flat, rates down a couple bips, and oil is down a buck in the $72 area. So why pm’s then?
Is this the beginning of the long-awaited SM correction?
China is buying I guess, although not their central bank so much. Otherwise buying has slowed around the world according to this:
China gold imports hit 163 tons last month, the highest since March 2024. In the first five months of 2026, China imported a total of 692 tons, up by about 76% from the same period last year.
In the UK a little boy age 3 picked up and thrown over a fence into a pond with a alligator. He survived with injuries from fast actions of a worker. Of course they wouldn’t prosecute because he was another migrant. I don’t understand why the crowd didn’t throw the migrant in as a decoy while they saved the boy. We might find some use for them yet.
I know about the one in Yellowstone, the subduction zone in Calif the American Indians in the 1700s said it came at night and only clue when it got close it blocked out the stars, no warning, but I didn’t know about this one. Just information. If so they better get a plan because there might be something they can do about that to lessen the severity. Even with a warning they wouldn’t have much time. Maybe get more inland and high ground and Florida to the Gulf side to high buildings hurricane buildings if any and maybe boats when it does. Maybe make a really high reinforced bridge for that and hurricanes. Not a contractor don’t know.
They have been warning of a West Coast Mega-Quake for as long as I can remember. And of course, the Yellowstone Super Volcano.
I’m sure most of us will be gone before any of these events happen!
Did you know about this potential tsunami up to 300 feet high at 500 miles an hour. From Miami to Boston. No warning systems. Least they can do is get a warning system and maybe construction in LA Palma to absorb the impact from a piece breaking off that will cause it. Short video.
Nobody else matters. They’ll screw you for all they can get and then hang you out to dry; financially, politically, militarily, whatever. The attitude comes from their belief that this is what God has ordained for them, that it is their inheritance. We are lesser beings, and they treat us as such and then complain when things go wrong.
All true with the MSM, and I think it’s likely they are playing “good cop, bad cop.” Hard to see us courting the other party as reported and interfering with their domestic politics, IMHO.
The article was written by Joe Hoft, who I believe was a founder of Gateway Pundit. I would tend to believe him, simply because he has been very critical of US and Israeli actions in the past. I personally believe the Gateway Pundit puts out far more truth than the MSM, even though they lean right. That includes FOX.
Another disappointing day, at least for my portfolio. It gets exhausting. I’ve never seen a raging bull market end virtually overnight like this one has, and immediately go into a four-month bear market. Stunning how they fixed the silver market shortage so quickly, I wonder if that was even true. Hopefully we’re near the end, but I’m finding it hard to see anything positive near term with the way rates, the dollar and inflation have been acting. No catalysts. Warsh is the new Powell.
I only posted the article….so have no real idea if true…..I get the sensation that as the Iranians are playing with everyones mind , so is Trump playing with their minds….I have given up on trying to figure out what is what, as under normal circumstances the MSM and country would support the operation, so the admin could brief the MSM/Country, as to what is happening……except they can’t because everything they do is torn apart, lied about and just mocked, so deep is the enmity ……and now the Iranians know they can lie all day and the MSM etc will lap it up and broadcast it far and wide……to an audience that can’t get enough, Trump bad news……which considering what kind of regime they are cheering on, puts them in a class of humanity that only despots inhabit.
How sure are we that Israel and the US are not playing good cop , bad cop……I’d say there is every chance they are……All I know is we have no idea, but the Iranians have way less and spend every day, wondering where the next hit is coming from……
then why does Israel have their panties in a bunch?
Trump threw away real America First MAGA (over war, Epstein) and embraced a fake neocon MAGA where original never-Trumpers like Mark Levin, Ben Shapiro and Laura Loomer were the new stars. Now they are trashing Trump because of the peace deal.
ZH had an article that said 92% of Israeli’s think we lost the war and are pissed we stopped.
I sold all my African miners some time back. Good geology some of them but governments there are encroaching.
Most of the big miners have operations in multiple countries some good and some bad. I like to stay in N. America and a bit in Scandinavia. Maybe I’m too paranoid.
The news that I get on tradingview.com simply states ( AI news headlines only), that Gold Fields and the government of Ghana are negotiating over Tarkwa Mining Lease renewals.
FWIW, I have emailed an investor relations officer, and will let you know anything that I get back. I also asked what percentage of your overall profits come from your operations in Africa??
Is GFI still heavily involved in SA? I know some of the mining cos were trying to diversify away from there. Socialist governments are no friend of the miners, and when the miners are being very successful that’s even more dangerous for them.
“Just goes to show you that they’ll hit pm shares for any reason, any time.”
Ain’t that the truth!
From Chat GPT:
GFI (Gold Fields Limited) has mining operations in Australia, Chile, Ghana, Peru, and South Africa.
Good we’re cutting off aid, although somehow, I’m sure the Senate will find a way to sneak it back in next year’s bill.
I see that GFI is getting hit for 10% on the news, dragging the HUI down into the pit of Hades. How the two are connected is beyond me. There’s no other news I can see.
Just goes to show you that they’ll hit pm shares for any reason, any time.
Iran will not stop enriching uranium, President Masoud Pezeshkian said on Sunday, as peace talks continued in Switzerland on Sunday.
Iranian state TV quoted Pezehskian as saying Iran “has not and will never back down from its fundamental right to uranium enrichment.” He also said the US “has been forced to accept” the demand.