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Taiwan’s main opposition Kuomintang Chair Cheng Li-wun has revealed that her party has been in communication with the Chinese Communist Party, and that she hopes to visit China and meet with Xi Jinping early next year.

https://x.com/taiwanplusnews/status/2004840072781398197

Is it the Rally Monkey warming up?

Rarely am I excited about the open, and take down tuesdays have been so predictable they bore me.

This could/should be an interesting open tonight.

As J. Dines would say, firm hand on the tiller.
since 2000!

MG

(a letter to a friend)

yep, the silver bull market is starting to warm up. i think we are in the early stages of something we have never seen before. the physical shortages which have caused the recent price rises are real, and won’t quickly go away. i think the epicenter of the near-term action will focus on the interplay between the futures (paper) market and the industrial (physical metal) demand. for years (decades?) the price has been set by the paper markets with the background of a surplus physical supply that was built up over several generations, beginning in the latter part of the nineteenth century. the paper market has been the cash cow of the banker/financier/speculator industry, centered in new york and london. this has kept the price so low that only the best (richest ore) silver mining companies could survive. most of the supply has come from byproduct of other mining operations (copper mines, zinc mines, etc).

over the last sixty years, the world has consumed more silver than was being mined (a structural deficit). slowly, the generational surplus stockpile was used up, and the cupboard is getting bare.

december and march are delivery months for the comex (u. s. futures market). i think they may be able to patch the december deliveries together and squeak by with much pissing and moaning. march? less likely. lots of manufacturers use silver and are dependent on those deliveries to keep their factories open producing solar screens, electronics and (- HUSH -) modern weapons. when the comex (likely) defaults on deliveries at the end of march, katie, bar the door! the price will make the recent rises look mild.

eventually the price will rise high enough (fifteen to one against gold? parity? more?) to stimulate the reopening of old, presently uneconomic silver mines, and/or the opening of new ones, bringing increased supply on line to lower prices, or at least stop the rise (classic economic theory). don’t hold your breath. the timelag to open mines is about ten years in mining – friendly jurisdictions. jurisdictions with greenie movements? longer. much longer. don’t even think about how long it would take to get a permit for a smelter.

hold on to your hat. it’s going to be a long, exciting ride. new york? nope. london? nope. watch shanghai!

re yr 5.17…a few points …who is this guy, he has sudenly appeared out of nowhere….he also wrong about the Clearing House…..if one party defaults they pass the hat around all members, so the exchange is effectively capitalised to the full value of all members.

Secondly Comex margins both Spec and Hedge are currently $ 25/27000, which is 6.83 % at $ 79.00…..that is no where near a panic reaction, it is close to complacancy, as if they want prices higher.

Thirdly I checked with Grok to see if there is any sign of emergency borrowing at the Fed window…..there is nothing, no signs of any panic borrowing, or even just larger borrowing.

The more I think about this it could be just vast physical demand and limited supply……the new battery needs @ 32 Oz per car…..as of now the Lith Ion with no silver battery is @ 25 to 30 % of the cost of the car……the first cars they are going into are top of the range…..@ $ 100,000, $300 Ag wpould add $ 10,000, for a gain of double the mileage , double plus the life , a 9 minute charge and no exploding….that is chump change….a $ 20 K increase ie $ 600 silver, is the same.

Securing supply sub $ 300/600 is a no brainer.

The AG “coincidence” guy gave a bunch of things to look for and advised to get out of ETFs and buy mines and why. I wonder if the open if the spreads from bid and ask by the MMs will try to take advantage. These videos coming out so fast I wonder if it’s a group of people who seems to be .. Well I guess we feel the same after their years of them papering  over miners and investing who know exactly what their doing and what their options are why all of a sudden someone wants to help all the bugs world wide take on the western exchanges so wonder if it’s coming from China.

I got a kick out of a comment if they try to halt buying they would destroy their business and reputation someone said what reputation.lol.

Wow Open AI and Nvidia, yes Nvidia needing money.

so much for a long time. Will they manage to put the genie back in the bottle, or will he keep granting us wishes? How will gold go?

Stage 1,2,3,4 of a currency melt down and  historical case studies.

Ooh second part Monday Monday can’t trust that day Banks are in trouble. Worth watching.

23 minutes on.. Monday open what to watch for and he will give a update.

Silver Anticipates Fiat Currencies Dying – John Rubino

Will be cold fusion to be able to power all these machines batteries.

The trade off more robots less need for people that will have lousy lives, less medical with robots better than doctors that can see through your body  , cars, entertainment, housing  and food and life span questionable. Other option less government and there stupid spending, wars, corporation controls wanting to replace humans, and foreign free loaders having too many kids on generational dole and organized crime and less robots to replace them.

Very robust, last forever.

for that to be feasible. we need major improvements over present battery tecnology.

This is Musk’s answer to AI power needs. So once again, the answer to electrical freedom is silver and batteries.

Yep it was hard to find someone more worthless than her as demos do like Biden was to Obama so they won’t impeach because they’ll be even worse  so it was kinda a draw. Can you imagine the state of affairs right now if they were elected.

He is saying what we have been hearing for years and years and years, but he says it succinctly, easily understandable to anyone, and with clear numbers to back it up.
It truly seems we may actually be on the verge of what has been coming for decades. And it may not be far off. Seems it may be imminent.

re 12.52

Wasn’t Tim Waltz going to be Kamala’s VP.

China increases electrical demand equivalent to total demand in Germany each year. They increase capacity twice the size of Germany each year.  They operate with 80 to 100% reserve.   All those Chinese “ghost cities” that the west was laughing at.  They are filling them as they develop their interior provinces.   They plan ahead.   We destroy.

I went through comments. On one of today’s. They’re mentioning where they’re from and watching from all over the world. Majority the US different states, then England, Canada, Australia, all over Europe, India, Nigeria, Africa.

Yeah one and only of my royalty divi paying energy stocks almost doubled this year.

The U.S. Electrical Grid Crisis: Why America Must Print Trillions and Destroy the Dollar to Win the A.I. Race vs. China And Their Grid Supremacy!

The world is mesmerized by the A.I. race. It is a sprint for technological supremacy, a battle for the future of intelligence itself. But beneath the dazzling surface of silicon chips and large language models lies a hidden, fatal flaw in America’s strategy; a vulnerability so profound it will bring the entire system to its knees.

It is not about who has the best chips; it is about who has the power. And America is about to run out and be left in China’s dust.

For decades, the United States chose financialization over industrialization. It chose asset bubbles over infrastructure. While China was engaged in the largest and fastest expansion of an electrical grid in human history, America let its own grid, a relic of the 1950s, rust and decay.

That strategic blunder is about to trigger a crisis of existential proportions. The A.I. revolution, the supposed engine of future American prosperity, requires a staggering amount of electricity that the U.S. grid simply cannot provide.

This is not a distant problem; it is happening now. Land deals for data centers are being canceled a decade out because developers know with certainty they will not get a grid hookup.

American tech giants are being forced to offshore their data centers to the Middle East, placing the crown jewels of U.S. innovation into the hands of nations whose primary trading partner is …. China. The bottleneck is no longer compute; it is power.

Faced with this existential threat, the United States has no choice but to rebuild its entire national electrical grid. It is a matter of national security. But the capital required is astronomical, and the funding options are a false dilemma with contradictory arguments, all leading to economic catastrophe.

The U.S. cannot pull the capital from its markets without vaporizing every 401k and pension fund. Foreign creditors are already moving away from U.S. debt, not adding to their exposure, in lieu of gold. This leaves only one option, the option of last resort for every collapsing empire in history: the printing press.

This article will attempt to lay out the terrifying, mathematical certainty of this crisis and demonstrate how the race for A.I. supremacy forces the Federal Reserve into a multi-trillion-dollar printing program that will last for over a decade.

This program will have two devastating, cascading effects:

1. it will trigger a historic flight of capital from the U.S. bond market directly into gold
2. and it will ignite a brutal inflationary fire in the real-world assets; the commodities, energy, and metals, that you can hold in your hand.

The U.S. dollar’s purchasing power is about to be destroyed, and only those who understand the power grid will see it coming.

Let’s Dig Into The Following:

1. The Tale of Two Grids: America’s Neglect vs. China’s Supremacy. To understand the magnitude of the crisis, one must grasp the staggering disparity between the American and Chinese power grids. While America was fighting foreign wars and bailing out banks; expenditures with zero economic payback, China was executing a long-term strategic vision. They made the painful choice: they suppressed asset price inflation and instead poured their national treasure into infrastructure. They are now reaping the rewards of their choice-making.
2. The scale of the power deficit facing the United States is staggering, and it is growing exponentially with each passing month. A single large-scale A.I. data center can consume as much electricity as a small city. The numbers don’t lie!
3. Even if the United States could conjure the trillions of dollars needed to rebuild its grid, it faces a second, equally insurmountable obstacle: labor. The skilled trades workforce that built America’s infrastructure in the 20th century is aging out. Within the next six to eight years, a significant portion of electricians, linemen, and engineers will retire or die. There is no replacement pipeline ready to take their place. The U.S. has a severe labor crisis!
4. The United States is now backed into a corner. The modernization and expansion of the national electrical grid is no longer optional; it is an existential imperative. Without it, America loses the A.I. race, and with it, its global standing.

   The problem is, the country is broke. Decades of prioritizing consumption and financial engineering over production and investment have left the nation without the means to save itself. The U.S. is left with an impossible choice!

5. The decision to print trillions of dollars to fund the grid is not a decision without consequences. It is truly a decision to sacrifice the U.S. dollar to save the American empire. This act of mass currency creation will be the starting gun for two of the greatest wealth transfers in modern history with massive cascading effects!
6. And for us investors, the implications of this crisis are clear and urgent. The next decade will be defined by the systematic destruction of the U.S. dollar’s purchasing power. When trillions of new dollars are created to chase a relatively fixed supply of real-world goods and services, prices rise. It is the most fundamental law of economics, and it is about to be demonstrated on a scale that will shock the world. We are positioning now for a decade of purchasing power debasement!

Metals and Miners

California already has sales tax naturally between 7.75 and 8.75 on purchases under 2000 but I stopped buying on line this month because they were charging taxes over 2000 from..other states. Sales hasn’t stopped and expanded to regular stores.