To you remember when Starmer wAs threatening to arrest Americans and who knows what other country who posted anything about him and his merry traitors? He would of been dead by now and not soon enough.
Is the US really any better?
I don’t see any fiscal restraint from Trump or the republicans. Nibbling away at things with USAID, Minnesotan fraud, Education department etc. is all well and good, but no real attempt to rein in Social Security or Medicare, and he has expanded Defence considerably. As we know interest costs are continuing to rise as all the cheap debt is now rolling over into higher rates, as well as interest on new debt.
Maddog
I know. As Achmed the dead terrorist and contestant to the next King says ‘ Silence I kill you.!” The people have to realize this is war this is genocide the traitors have opened the gates they need to treat it as one take up arms and drive them out before it’s too late. It’s evolved to kill or be killed.
goldielocks
Check out what has happened to the UK guy who posted a few tweets that were only seen by 33 people…he got 18 months…….I am carefull about what I say and about who etc…these really are dark times.
ferrett
Looking at what the Dems are putting on offer, the US is only one election away from Financial Armageddon ….though maybe Europe will provide the warning, as there is no sense in the EU that they have done anything wrong, or doing anything wrong……especially in the Old west Countries, none of them show any concern about their debt levels…..
But the big Picture says rates rise once the correction of the 2020 to 2023 rise is done…
Maddog
King Charles is a collaborator with the WEF, net zero and you will own nothing and be happy the WEF picked up by the Danish politician and won’t be able to own your own car someday and who knows what else. Meanwhile Starmer and the parliament has gone rouge against the country with their great replacement scheme who not only think their constitutional rights under parliament and holding on to their job are more important and their rights this more powerful than those of the citizens and using it as a weapon against the people and change the laws and rules at it suits them and because of them they will lose their country ,”so much for the greater good and God save the king’ and the castle will fall and ‘ reset’ with a Mosque.
Did You Guys See Hycroft Mining? HYMC
It up 166% in three months and they don’t make any money. I bought a small amount to see how it goes.
but, but, but, even if gold revalues to $149,270/oz
which is the price needed to pay off the $39T in debt with the 8,144 tons in Fort Knox, how are you going to stop them just racking the debt up again? You’d need to amend the constitution so that the only people allowed to stand for Congress and president must be Austrian economists.
ipso, contrails, inversion. Atmospheric condition of change from hot moist air to cold dry air.
Goldie
If I understand correctly, you’re saying pm shares are a good bet right now? Comparatively safe because of the current prices of the metals?
I agree that everything else, or at least tech, is way overdone.
tomorrow
is day #2 of the BOJ meetings….
30 year Japanese bond yield was up 3 basis points today to 3.38%. 3.44% was the high back in early December…..
Maddog et all
Yes the metal stocks are know. Not a growth or buy and hold stock and general news sensitive.
But this time as far as the phyzz and shortages phyzz leading the sector it seems one of the safest places to be amongst the turmoil. Besides the shorts which can be anywhere in any sector anyways it basically doesn’t have any enemies and the dollars can’t blame or sue it, it’s neutral and only reflects it.
Right now the other sectors have a plethora of man made problems. AI is being sued for influencing people as in causing depression and suicide. This will continue for different reasons. Oil is being blamed for climate change and Philippines is suing Shell for a typhoon
One thing after another.
Ipso
It’s been major cloudy here too. If it keeps up I’m getting a sun lamp.
Maddog – good point
It would seem that paying off the debt with gold might be a bit further out in the future. The gold chart actually looks really good, just a slow, steady advance for the last couple of months. Silver has basically doubled since June. Unprecedented for us. I wonder if the slowing of the move in gold has to do with getting the GSR back in line. Whatever, you’re right, if gold is going to be used as a debt instrument it needs to be racing toward $20K.
What bothers me here is the way the shares have performed over the last 4 days. Silver was up 4% yesterday and the shares didn’t move, we should be getting 2-3 to 1 ratio in the shares, and we’re not getting anything close. The HUI chart looks identical to the gold chart. We’re getting par. Maybe that will change when earnings come out next month. That would be in line with what deer79 says about running after the first of the year.
It’s hard at this time of year because volume is off, but the shares look like they’re going to roll over to me. No bueno. Hope I’m wrong.
deer79
Where i see a concern, is if they are going to let Gold help bail out the debt problem, it needs to be way more expensive than this…….in times past, there was no doubt PM’s were sat on to maintain the facade that inflation/the world was all under control etc…..
it certainly looked like that during the big runs, the control was stopped/turned off…..yet now we see signs of it being turned back on…like today…the 4340 level in AU, was certainly defended heavily ystdy and today, then we get a break out and the mkt runs 35 bucks straight up….as little selling was around…..then above 4370 the selling comes right back and eventualy the mkt is beat back sub 4340…..that makes no sense, especially the manner of the selling…as u say same old pattern buy why here…if prices need to go much higher….a real conundrum.
Maddog
As we’ve talked about in the past, timing is always a key component of the smashes.
Firstly, we’ve known for a long time that breakouts are always meant to be SOLD in the PM arena.
Secondly, starting next week, I have to think that the “JV” trading staff ( on the institutional banking desks) will be in charge, whilst the “Varsity” will be off prancing around during the holidays.
Then, we have a big year end “mark” for the scum, with the goal of minimizing as much as possible, the mark-to-market has incurred on their balance sheets ( for the past several months).
Perhaps we have to wait until after the New Years to get the PM train back in gear and moving in the right direction again…..
Deer79, Maddog
All over the map today. That chart of silver is pretty scary. Could easily see gold drop $20 from here. If the paper kings have their way, it’ll happen. Hard to know how long and where the silver supply constraints end. I get worried when I’m giddy and buy into the $150 – $600 projections. Even if we get there, we can’t go straight up can we?
As for the shares, they’ve still got a grip on them. Seems a lot of them should be doing better. Makes it feel like a pullback is coming and that seems too soon.
It’s volatile, that’s for sure.
More confirmation of the good news from Ukraine…..
Ukraine war: Trump ally declares Russia assets plan for Ukraine “dead”
Buygold
I think the beast just ripped the door off it’s cage and is now useing it as a club…..with it’s eye firmly fixed on a new all time Hi……
Buygold
Still early, but so far the shares seem to be hanging in there. I just think every kamikaze attack is a buying opportunity????
Maddog – CPI
The inflation numbers were much lower than expected, so that should have been good for the metals. The SM is rallying like nobody’s business. Funny how pm shares always move down with the SM but don’t always move up with it.
Bitcoin is ripping, up $2500. Rates are slipping 3 bips, dollar flat.
Who needs pm’s? Silver starting to get shredded.
Buygold @ 9:29
That sucks! It’s too rainy and cloudy here to know what they’re doing up there. Maybe they don’t spray when it’s storming?

