Loading ...down almost 2% today on a .10% rise in the US $…….
A lot of my small cap holdings are taking some pain……
Maddog @ 13:19
“banks forcing hedging”
That’s true but for a lot of these bigger miners they have a good financial position and aren’t forced to do it.
I’m sure you remember Barrick’s shenanigans some years ago which caused harm to the whole industry. Barrick almost went BK when gold turned higher. They were being used by those who would hold gold down.
Off to grab 30 …
Short term
I find it a bit puzzling that since April 1 (roughly when the IEA’s report came out), that the price of oil is down some 14%.
All we constantly hear about is how AI is going to be a drain on our national energy reserves……
I’m just not sure what to believe these days….
The Biggest Untold Story of 2025 … Peak Oil Hits the US
This is going to crash the system combined with the crazies shoving the technocracy down your throat …
Get prepared … go local … and stay spry.
It’s coming fast now.
Goldielocks
Modern cars are built like consumer goods, fridges, or washing machines…full of electronics and designed to fail after 10 years or less.
Ipsofacto
Re hedging
Banks often force the mines to hedge, for a loan…..
Seems like it’ll be hard for the HUI to fall too far when the miners are making such good profits and the metals have been resilient
There’s some talk of miners hedging metal. I think this is a bad idea … but I’m no seer.
Larry Fink and nefarious Schwab founder …
… appointed co-chairman of WEF … where do you put your money now? … not in bitcon apparently …
BlackRock’s Larry Fink Joins World Economic Forum as Interim Co-Chair
What could possibly go wrong? How about a one world government / control state … yup … that old chestnut.
Wow … just another uuuge conflict of interest(s).
Happy days are here again … chuckle
The Real Reason Your Power Bill Doubled (It’s Not Inflation)
As predicted not long ago … data centers, AI, everything technocracy … are going to explode electricity prices …
… along with causing rolling blackouts … and worse (death).
Think you’re covered keeping your freezer full … not if you don’t have a private alternative energy source.
The technocrats can only be reined in by local governments where citizens don’t allow them to screw you over.
If left up the increasingly centralized commies in DC et al … your fresh out of luck in that department.
Have a nice day
HA!
The QQQ’s fall out of bed and what gets hit?
SILVER
These guys need a new playbook.
Just seems that……
unless there’s “news” that forces the CTA’s to cover their short gamma in equities, metals etc., we’re beholden to the machinations of the machines and their boots are on our necks…….
Go Tulsi!
Wall Street Mav
@WallStreetMav
🔥DNI Tulsi Gabbard just scored a major win pressuring the U.K. to drop its plan that would have forced Apple to build a government ‘back door’ into every user’s device, including Americans.”
Gavin Newsom is changing his outward style. Trumpian! If anyone is a lizard alien in human form!
The Daily Signal
@DailySignal
·
16h
Gavin Newsom is the Wolf in Trump’s Clothing
@EliseMcCue
Gavin Newsom is hoping you’re too stupid to see his Trumpian rebrand for what it really is.
Democrats spent years mocking Trump’s style, calling it “toxic” and “dangerous.” But now, when their closest thing to a 2028 frontrunner needs a makeover, suddenly he’s in denim, posing with Americana vibes, copying Trump’s online tone.
If 2024 proved anything, it’s that Americans want authenticity. And Newsom can’t hide his anti-American policies behind a cowboy costume.
Buygold
Really, that would make sense when I heard not to buy cars coming from other states even if cheaper because they don’t have the smog gadgets California cars have. I also learned thats one of the reasons Japanese cars are popular here because they have stricter smog ruled also better gas milage and they also have better electronic components and parts than American cars. American cars may have been number one once and lots of muscle cars but when more and more electronic components came about America manufactured are way lagging and those failed modules can cause as much as 7 or more things to not work or break in. the car, even safety issues like the cars suddenly dying on you
Texas also has smog tests plus a friend said she had to get a part rigged on her Jeep because her friend and master mechanic couldn’t get a part for her horn. He said buy Toyotas and stay away from Nissans and Subarus. I took her advice when telling my daughter what kind of car I wanted to help him buy and they’re always updating electronic components on different cars those mechanics have to learn about and program when replacing partsvahd getting tired of it.
Do you know Warren Buffett doesn’t buy new cars I read this year. That his daughter had to talk him into buying a newer used car because his older one was getting embarrassing to be seen in. Lol Smart man.
If you buy a new car Google common problems with what ever make and model your looking at..You might be surprised at all the things you wouldn’t see or think of that could go wrong depending on how much knowledge you have with cars.
Goldie
I didn’t realize until I moved out of California that most states don’t have smog checks. Just another way to soak and control CA. residents with phony climate crap.
90% of the land area votes red. All those counties should secede from CA. They have no representation.
Fighting weak QQQ’s
Y’all know how much they love to tie us to tech. Some of the silver’s are showing signs of life.
I think we need the dollar to head south again though.
Snoozer.
Buygold
Yeah would be good but they bait and switch on posted payments to the young, interest too high anyways plus just how much will you save a year on deductions rather than finding a good used car and paying cash. The cheaper to insure and register. Good thing a new car can save you years of smog checks. Before I retired I bought a new car to save on repairs in retirement fixed income and was going to finance for a few years while keeping my other car case something happened then Covid hit and thought dang they’re gonna mandate shots so paid the car off and was ready to retire out of debt when the mandated rolled out. I wanted to invest that money but didn’t want too chance it with that vax just knew it was coming and they would block ivermectin too. They’re predictable.
So just how much money are they saving you when 6 years of financing can result in the cost almost doubling that you could invest or buy PMs or put in CDs or treasuries. It will help if they have no choice. Trump just thinks if one thing or another to make things better. I don’t know if it will bring the car cost down though just like low interest and the greedy low lives increase the house price. That’s what they tried to pull on my grandson but his parents were there when the company found I was paying cash and trying to suddenly bring up the price with the excuse of management and when that didn’t work basically breached a contract or even hid it.
9am Hatchet mob
have done the trick and got our pms under water!
Dog
Many people won’t work unless forced to
Refugees In Austria Accused Of Failing German Courses To Stay On Benefits And Out Of Work
A new report by Austria’s Public Employment Service (AMS) has sparked controversy after suggesting that some refugees are intentionally failing German language courses to avoid being placed in low-paying jobs.
Dollar decided to turn back up
Sort of stopping us dead in our tracks.
Goldie – I heard Trump say that in the new big, beautiful bill, interest on car payments is going to be deductible. That’s a flashback to Reagan years and will help to offset rising car prices.
I might have to get out and buy a new car for the first time in awhile.
The dollar
Well I know one reason cash is no longer king. They can get much more from you if you buy things on credit instead and it seems like banks are practically trying to give out credit cards and think offering you 17 percent interest is a favor instead of 29% They’re creating a inflated environment where people will need it..
People are going to have to learn to pay cash if they can and stop letting banks and businesses use them like free ATM machines or blood suckers.
Some business are building debt traps around it particularly housing and big ticket items like cars and financing contributes increasing prices like student loans did to the cost of education or health insurance to costs of health care, once they developed credit systems like loan sharks of some form the prices rise. It’s not a war on cash is a war on your ability to hold on to that cash and creating a illusion it’s costing less and doing you a favor for paying more for everything.
Here’s a example how desperate they have become.
My daughters husband has learned yesterday you have to be quick sometimes.
I decided to help my grandson which he didn’t ask but decided to help him get a car for a new job instead of financing when they really take advantage on interest rates costing you much more for that car.
After checking the car and negotiating the price and the usual bait and switch on the price I wasn’t going for so they handed the phone to him because they were afraid to talk to me after the switch thinking that will do it but I told him to walk so they went back to negotiated price. By the time he finished the banl was closed. I couldn’t call in to approve more money than I set daily and would rather have it that way for security reasons but it was Sat a weekend . So when they found out I was paying cash they asked for a deposit so gave them a deposit on my card. He had all the papers and receipts. When he returned on Monday after work after I called the bank to get a temp higher amount. So he goes back to find that they ” accidently,” sold the car on Sunday. Accidently my arse. I said they financed it didn’t they and he said exactly and I told him they wanted more money than they can get with cash. It turned out fortunate because during that time I kept looking and found a newer model they could of got for less than that one. I warned them next time to make it earlier and don’t tell them it’s cash till ready so sign over the car.
Cash is no longer king.
Dollar and rates picking up downside steam
Slowly but surely. Oil back above $62.
Shares are still non-responsive as the metals slowly strengthen.
Autopilot
Seems the markets in general have been set to autopilot, algo’s trading back and forth to scalp a penny here and there, but no real trend either up or down. SM is a little below the flatline, the dollar and rates are flat. The only thing I see trending is oil, and it is trending down, now just below $62. Bitcoin down a little more than 1/2%, has had a rough start to the week.
PM’s flatlining as well, same with the shares. Going nowhere fast.
Housing starts and permits is the eco data of the day, but I don’t remember them moving markets much. They are expected to be slowing. We’ll see.
We have been firming up in the last couple of hours in the overnights as the dollar has eased, but surely doesn’t look like a big move in anything is coming today.