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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.
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.
Trump came out with his own praise of Xi today. 4-D chess I guess.😂
If you want to get to Trump, just get the markets to sell off some. He hates it when that happens.
I will be happy when this country is able to produce its own rare earths, but mining restrictions have made it impossible in the past. I doubt he’ll get it done during his term either.
Our politicians sold us out to China, we still rely on them for too much.
Crypto may be doing what we all thought it would do eventually. I don’t know about Bitcoin but these other “alt-coins” will never recover from those losses, and if some of them are still barely standing, they are done now too.
The way the analysts are talking reminds me of the .com days, saying things will stabilize to keep people in. I don’t know why tariffs would matter to crypto, just the excuse. This will wipe out a whole generation of Gen Z crypto traders.
As for silver, Maloney said $60-65 this year. I don’t know. As you say, since they are out of supply, nothing else really matters, especially paper contracts. I hope it keeps going, especially if the SM crashes.
Apparently this “historic” event was triggered by a guy imposing sanctions on a country. Whilst I understand the implications of these tit-for-tat sanctions if they truly are the cause of the “historic” event then crypto’s sensitivity to, well, anything really, is bizarre. What would happen if something serious actually occurred? Do crypto owners know why a sanctions spat would eliminate 100% of some positions? Clearly the 80% nuking of the top 100 “blue chip” tokens requires a new definition of ‘blue chip’.
This time may be the ultimate squeeze…as during the Hunt run, the Hunts bought on margin, so they could be forced out, by raising margins and they were, they just couldn’t get the money in fast enough and of course there was a load of pressure to stop their backers, in the ME to stop the game…..Moccata was one US bank, that was days from going bust, as they had shorted all the way up….I was told that by someone who was in Moccata.
This time the shortage is for Physical metal and the price is still relatively cheap, having been suppressed for decades….. so it maybe much harder to to stop the run…….
However some of the price run, is tks to Tariff worries , if those are cancelled, we may see decent sell off.
There is a take over of their country being allowed to happen.
The consensus in the US seeing their government causing this to happen is there will need to be a bloody revolution of both invaders and government traitors.
Central Banks Now Hold More Gold Than US Treasuries
Central banks have crossed a symbolic line: their combined gold reserves now exceed their U.S. Treasury holdings for the first time in nearly three decades.
The crossover underscores a gradual diversification away from dollar-denominated securities and toward hard assets.
The selling today in the SM was brutal and continued in the after hours. So did the selling in oil and Bitcoin which is now down $7500 – over 6%.
Bonds got bought pretty hard. 10 yr down 11 bips – we haven’t seen a SM selloff where they’ve rushed into bonds in quite awhile.
Gold continued higher! Up another $11 AH but silver has given back $.23
Going to be really interesting on Sunday night. Are we going to be able to escape a SM downturn or even a crash? There’s a heckuva long way to go on the downside if the selling gets going in earnest.
The Fed meets at the end of the month. That’s a long way from now if the SM is going to crater. Fortunately we’re on the right side of the Fed now since they’ve already cut once, but it will still be quite something if we can weather the storm.
Seems this is how the big moves down start, sort of out of nowhere.
Lastly, if bonds and pm’s become the only game in town, we could see some huge moves. OTOH, if they have to dump gold to cover margin calls, then we know the drill. One thing is different this time, it’s been central bank buying that has driven this rally. Funny how they are out in front – as usual.
Any differences that involve beliefs so heated they get off the subject to attacking the person publicly on line isn’t good either. That’s what the leftist do all the time basically in their case is because they’re indefensible.
I believe there are nefarious people who use it to make people vulnerable to control them. Even Charles Manson figured that out. They’re doing it in Antifa keep them drugged and useful idiots and members are in schools and lure them Away from family not recognizing the signs or go along with them or go along because their afraid go lose their job. A lot of parents woke up during Covid.
Who Controlled Charlie was Jesus Christ and the Lord, he put first before anything. Even in his career. Who on.the other hand are these others being controlled by. Even when Mohammad died some scum bag tried to attack his child bride wife and pass rumors that were unfounded. If alive being another religion he probably would of had the scum bag put to death.