Captain – wow, insult to injury. They’d only stop sales if they knew prices were going higher.

Ipso – so long in coming old friend. They have stolen from us for years, now they can pay the price.

Must be a shortage of palladium too. Up 6.5%

Vote! Vote!

She could call it her nut cracker.

LoL

“Clearly the LBMA is in default. There’s no silver.”

Number one in phrases likely to bring a smile to your face! 🙂

Australia’s Perth Mint, trusted worldwide, has fully suspended all sales of silver products. Not a single coin or bar leaves the facility—effectively erasing one of the world’s key sources of new physical supply.

Hal Turner Radio Show – UPDATED 9:33 AM EDT — Australia Mint HALTS all Silver Sales, While In India, “No Silver Available to Buy”

Chuckle … snort

$52 silver just hit. $4100 only a few bucks away.

Clearly the LBMA is in default. There’s no silver. The only thing that resolves that issue is a higher price.

I’m not sure how the silver shares are valued right now, but they probably should be even higher than they are. Gold shares too.

The dollar is moving higher and even that doesn’t matter.

This is what finally happens to corrupt paper markets. I never thought we’d see it.

The Kobeissi Letter
@KobeissiLetter
·
Oct 12
Investors are waking up to some major news from China:

The entire tariff crash on October 10th may have just been one big misunderstanding between Trump and Xi.

The news about China’s rare earth export controls came out on October 9th at ~8:30 am ET, 26 hours BEFORE Trump posted about it.

This was a non-news event UNTIL President Trump posted about it over one day later.

Last night, China released a statement clarifying their “export controls” on rare earths.

In their response, China said the new controls are NOT a full export ban and applications that “meet regulations” will be approved.

Amid the market’s downturn on Friday, our view was that the 100% tariff announcement by Trump was a bargaining chip.

After China’s statement last night, we believe the odds of Trump’s 100% tariff on China going into effect are extremely low.

The largest crypto liquidation in history and a -$2.5 trillion loss of S&P 500 market cap appears to have been driven by one big misunderstanding.

We expect another “trade deal” soon.

https://x.com/KobeissiLetter/status/1977370328591438192

Speaking of which lol a very smart friend in Texas who also loves guns decided to venture out to look at other things which these gunless places should do. She’s thinking about a metal sling shot with metal balls.  Actually that’s a good idea. If your wife gets a prowler or a pervert flasher in her yard she could have fun with that. She could call it her nut cracker.

Iran Observer
@IranObserver0
·
Oct 12
⚡️BREAKING

Taliban now deploying tanks against Pakistan

Pakistani Army confirms 23 casualties on its side and 200 on Taliban side

https://x.com/IranObserver0/status/1977332948077797677

Just think about things that you might have the money for like a battery for your phone of a pair of shoes but nones available kinda things. A portable solar battery back up with war at your door. Food storage.

Yeah if it doesn’t generate income he won’t buy it. No hold and wait with him which has served him well.ledd the currency behind it tanks of the companies

I just found that Canadian mining company.

Patriot Battery Metals in Quebec declared the world’s largest cesium deposit this July.

Re Inflation…you can’t beat PM’s for being prepared for Inflation…..the way I’m invested at the moment, leaves little to use elsewhere !!!

I’m sure India is just as bad or worse!

Russian drone chased a Ukranian boat … shortly before striking the boat, the Russian drone pilot noticed that there are no soldiers on board.

The pilot flew away and let the dad and son continue their fishing trip.

https://x.com/MyLordBebo/status/1977636486544757240

JP Morgan’s Biometric Mandate Signals New Era Of Workplace Surveillance In Finance

Authored by Anthony Kimery via BiometricUpdate.com,

When employees begin reporting to JPMorgan Chase’s new Manhattan headquarters later this year, they will be required to submit their biometric data to enter the building.

JP Morgan’s Biometric Mandate Signals New Era Of Workplace Surveillance In Finance | ZeroHedge

The message is clear: own silver before you can’t get any!

The Pentagon has just launched a $1 billion buying spree to stockpile critical minerals, and silver sits at the center of this unprecedented military procurement program.

As warfare evolves from massive tanks and fighter jets to autonomous drones, precision missiles, and AI-powered weapons systems, silver has become the indispensable metal of modern combat.

Each Tomahawk missile contains ~30 ounces of silver. Every advanced weapons system depends on silver’s superior electrical conductivity. And now, with the U.S. and Europe embarking on a multi-trillion-dollar defense spending cycle, the military-industrial complex will secure silver supplies at any price.

The Pentagon’s Strategic Awakening

The Department of Defense’s $1+ billion critical minerals stockpiling initiative represents a fundamental shift in military procurement strategy. For decades, the Pentagon relied on global supply chains and just-in-time delivery for critical materials. That era is over.

The new reality of great power competition, supply chain weaponization (China and Rare Earth’s), and economic warfare has forced the military to secure strategic stockpiles of the materials that power modern warfare.

Silver tops that list. While lithium gets the headlines and rare earths dominate the geopolitical discussions right now, silver is the unsung hero of military technology.

Its unique properties; the highest electrical and thermal conductivity of any metal, exceptional corrosion resistance, and antimicrobial characteristics; make it irreplaceable in advanced weapons systems.

The Pentagon’s buying spree isn’t just about securing current needs. It’s about preparing for a new type of warfare where every weapon system, every communication device, every sensor array depends on silver’s unmatched performance characteristics.

The military-industrial complex has awakened to a sobering reality: without silver, modern warfare is impossible.

The Silver-Powered Battlefield of Tomorrow

The transformation of warfare from industrial-age platforms to information-age systems has placed silver at the center of military strategy.

Let’s dig into the shaping up of tomorrow’s battlefield, what’s going to happen as the persistent silver supply deficit meets the massive incoming military demand, all with the convergence of the global retail’s wake-up call regarding the necessity to own some silver

Re Buffet…he also had a very big Silver position, at one time, but was leant on to dump it and in exchange he got to lend billions to a couple of Banks , at usury rates, while knowing the Fed would stand behind them ..one was I think GS …any way he cleaned up….that is what being well connected gets you…..

He has always rubbished Gold in particular, so I doubt at this stage he would suddenly change a lifetimes, negativity, but making money always trumped any principles he had…so who knows.

As things move on and right now isn’t good keep in mind what resources you have local and what you don’t. If inflation starts raising it’s ugly head it’s gonna cost a lot more for some companies needing to import things to make or build their things and pass it to the consumers at a time when prices are already too high for their products now and will be least affordable as it gets worse and businesses start to slow down. Anything your gonna need maybe get it now on top of what the market is doing knowing what companies will be at risk if investing outside of PMs..

I saw a mining company found a whole lotta minerals more than China besides lithium needed for AI. I will have to find it again because I wasn’t interest in the market except defensive but might invest in a couple to put in A trust. It’s in Canada. Chinas not too happy about that. Too bad they’re stuck with Carney right now.  If he’s a pain now imagine when it gets worse instead of making the best of of a bad situation.

and that chart doesn’t show what India is upto !!!!!!!

https://x.com/MichaelAArouet/status/1977264449691034031

Lol

I know as I said  it probably won’t matter right now.  Did you know the Warren Buffett during the chaos in 2020 bought Barrick gold? He since sold it. I wonder if he would buy a gold stock again as things unfold. Now we’re seeing funds allocate it in portfolios that never did before.

FWIW the Aden sisters are saying, you can buy all PM’s here, as they still have miles to go…and of course all dips/sell off are buying opportunities….which considering the speed of the rise is an extraordinary statement.

Columbus Day is a Bank Holiday…no bond trading. Only lower forms of life, like Stock Brokers and Commodity Brokers have to turn up today.

Above London close last checked but Pal and Platinum got taken a bit lower. I kinda regret not buying Platinum when Trump got elected. I don’t know if it will matter now but I can see new car sales start to decline the way the economy is. A bunch of rentals about 700 got caught up in a faud case in one state bought by a speculator then raising rent prices in a poor neighborhood, then got a loan for renovations but never did renovations and stopped paying leaving both the lenders and tenants out to dry. I wonder if we’re going to see more of this down the road.