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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.

Silver even moving back up toward the overnight highs.

Shares have been fading ever since premarket trading started here in the US at 7 am EST. That sort of gives me pause.

Crimex opens in 45 minutes and they will set the tone for the rest of the day.

I’m cautious. The dollar is starting to move up.

Makes sense.

I see they’ve managed to get a better grip on silver in the last couple of hours, still up around $51, but well off the earlier high of $51.76. Interesting how well gold is holding, only $4 off the high of $4080.

Shares booming in premarket. So maybe we can hold on?

Looks like our bonds aren’t trading today.

RE Plat and Pall

They are thin mkts at the best of times…..I would guess because both have had long bears , that the Algo’s have shorted and shorted, all the way down and are thus massively short and have probably sold loads more into this rally , as every rally has failed before long, in Plats case since 2008.

They may have hit financial stops , perhaps they have …but there will be no serious sellers for ages yet…..hence the straight up moves

are rallying so much? Palladium is up $60 – 4.33% Platinum $53 – 3.33%

There must be plenty of gold supply, it’s only up 1.33%

Yeah, I don’t know what I was thinking when I said “it’s different this time.”

It’s never really different is it?

It does appear that the billions of oz. of paper contracts that are short silver on LBMA might have a problem though. I guess this is what a default looks like.

I do expect the Crimex to raise margin requirements this am again to try to stop the rise. It’s the American way. 🤔

a result of multi leveraged re-hypothecated cross collateralised obligations. And an inability to execute trades quickly enough putting the whole system under immense stress. One domino falling triggered multiple  cascades in every direction. A bit like we might expect derivatives to fail if the system gets too stressed. Nobody knows the counter-counter-counter party.

PMs don’t seem too fussed by it.

I found it. It was you!
Actually you said Gold to the Stars!

Implying we were going right past ‘da moon’. To the stars.

“It’s different this time”
I’m sure I’ve heard that or seen it written somewhere. 😁

Someone else is squeezing your silver tonight too. 😉

Another big move, although they love to reverse moves like this on Mondays. Hope not, but I’m expecting to be disappointed..

Up over 3% for now. $51.50

Wow.

Heading for testing
https://www.railpictures.net/photo/888319/

Hope that helps.  🙂

https://substack.com/home/post/p-175892646

Re the Crazies…..the only way they can keep any power, is if elections are cancelled, a free vote will see them destroyed…..In the UK if an election was held now, Farages’s Reform would have a huge majority and Starmers Labour, would barely exist….similar in France and soon in Germany.

… they are being forced to back off … now people need to follow through and root the crazies out of power …

… because all the money these idiots have was stolen from you … but being crazy … they don’t see it that way.

If stocks turn lower for real here, the crazies will lose power … hopefully enough to stop them in their tracks.

Everything is crossed

Yes, I know. Same with oil refineries, I don’t think we’ve built one in what, 50 years?

If this were wartime, and we needed them, you can bet those regulations would be stripped away and we’d have those things built very quickly. That’s what he needs to do somehow.

Gold and silver getting some traction now in early trading.

mining rare earths in this country needs to get cranked up, but the larger problem is refining and processing.  do you have any idea how long it

would take to get the needed permits for a new smelter in the u. s. under present environmental rules?  roughly forever…

Hard to say. Spot market opened and platinum and palladium are rocking. Silver lagging behind but still up. I’m not sure how much they can do as long as people are demanding delivery.