Loading ...Everything is calm in the bond market. That seems to matter more than anything at the moment.
Dollar move up taking a little luster off G & S, but not so much off the shares.
SM firming.
Silver is still our Achilles heel.
PPI in an hour. Might just matter or be an excuse today.
Don’t know about all of you, but I’m still in a mental state where I’m always looking for these moves in pm’s to fail.
re tariffs …hopefully they will get the likes of the EU around a table to discuss/sort them out,…..The EU is awful…..eg they insist that African countries allow them to fish in their waters and when the same African countries try to export into the EU, they get hit with massive regulation that they can never fulfil .
The EU uses it’s huge mkt as a club…Trump is the first person to take them on.
Delta airways have orders for 200 planes from Airbus. When they’re delivered, they will cost an extra 20%. Or 10%. Or 37%. Or whatever is flavour of the month at the time. So they cancel the delivery; they can’t afford another 20%, and airbus ain’t gonna pay the tariff either. Delta don’t want to buy Boeing ‘cos they’re riven with every scandal imaginable, planes falling out of the sky, bits falling off mid-flight, late deliveries, DEI disasters – who would buy American? Who would want to deal with America, take sales orders for a $101m machine when it might get cancelled at delivery time? And Boeing can think, “well, people will have to buy our stuff no matter how crappy it is, as there is no alternative. Sucks for them!”
I gather there was some sort of planning meeting at Mar-a-Largo recently….I wonder did they talk Gold revaluation…..as it has found another gear since……
PM’s and shares leading the way at this early hour.
The only thing that’s different this am is that the SM is up, & Rates & Oil are pretty flat and not getting pounded. Bitcoin is up 3%
They continue to keep silver contained up less than 1%, while gold surges up another 1.5%
It appears we might get our Day 3 move. We have PPI’s this am that could make a difference, but for now, the world is dumping dollars and buying some gold. PM shares are up 3-4% across the board in premarket. Crazy stuff, we’re not used to seeing.
and here is the proof …who the hell thinks the Euro is a safe haven….they are super broke and can’t wait to start WW III.
You have to be careful of any Crapto site and Trump…from what I have heard from Crapto zealots, they hate Trump, with a vengeance.
Trump has petitioned the supreme court to fire Powell. This sites kinda annoying with popups but has the detail and reasons.
That sounds like just the thing!
Of course we know what’s actually gonna happen to those guys …. nothing, nothing at all.
Cheers
If the Fed does do a bail out of Basis traders, then close down all the trading houses involved and take all their assets …and take all the individual assets ….. leave them at the side of the road, in just their under clothes and nothing more.
Fed Preps $2T Bailout as Hedge Fund Trade Implodes
ITM Trading’s Taylor Kenney breaks down how hedge funds like Citadel and Millennium—leveraged up to 10:1—are being forced to unwind risky trades that once seemed safe. But as volatility spikes and liquidity vanishes, Treasuries are being dumped en masse, sending yields soaring and swap spreads collapsing.
The Fed now faces a brutal choice:
Print $2 trillion to bail out Wall Street
Or risk a complete breakdown in the Treasury market, the backbone of global finance
https://www.zerohedge.com/news/2025-04-09/fed-preps-2t-bailout-hedge-fund-trade-implodes
I don’t think Jim Sinclair ever really benefited from his mine. This is just my impression … I think a new regime came in and messed up his arrangements.
Swiss banks are still more protected than people think when it comes to hiding dark money like UBS.
I do remember Sinclair talking about the Swiss currency years ago, but I sorta left it there. Pretty tough to trust any banks in the EU or U.S. Probably banks anywhere because they all seem tied together. I used to read about banks in Panama and other countries as tax havens, but if the US wants your money they’ll squeeze hard enough to get it.
Seems we could and maybe even should go higher tomorrow, we’re not overbought yet. The only thing in our way is the Friday games they love to play at Crimex. Shares have room as well. I’m not sure we’ve seen a turnaround like this in the HUI since 2000-02’. I still don’t think the momentum players have really jumped in yet.
I remember back in the 80s run up. The Swiss Franc was almost as good as physical. The Swiss were very tight with the money supply and although the Franc wasn’t actually backed by gold they had a lot of gold in the treasury. Too bad they changed their policies later.
Those were the days of Harry Browne and Howard Ruff … South African mining stocks were big in the market.
Well should we look forward to Day 3? 
Swiss and Gold….absolutely classic moves, from way back…of course now we have Crapto instead…..But I admit when I saw the Swissy going like this, with Gold it made me very nervous, if this is all fake….Plus now there is no such thing as a safe Swiss bank, they are all full of derivatives and wannabe gunslinger traders…… as a foreigner it is nigh on impossible to open an account, unless yr talking serious money…really serious and there is no such thing as Swiss secrecy any more…..You’d probably be better off buying Norwegian Krona , they are so rich they put heating under the pavements , so the snow doesn’t need shovelling and no ice forms….and when their Oil fund had so much money, they didn’t need to have an income tax …so they held a vote to ask if people wanted to scrap it…they voted to keep it, as paying tax made them feel like good citizens….
But I still think the Gold move is a revaluation play, hence only Gold is really moving up ….
I’m seeing the asks starting to get kicked up on some of the midgets. Volume hasn’t really come in yet, and the bites are slow, but I’d think there’ll be some volume action soon that will drive these things up very quickly. I noticed this with a few names a couple of weeks ago, but they went straight back to their breakout points when silver got hit.
maddog – that’s interesting. They are panicking into the Swiss and gold at the same time. I wonder if that’s a normal phenomenon?
Amazing turn around from just 5 days ago.
They have completely stopped inflation at least as measured by the CPI. Unbelievable.
It does explain some of the downward move in the dollar. There is an anomaly in the bond market today, the only rates on the curve that are higher are the 10 yr.’s
They’re taking the mid-day run us here. So far, the dips have been bought. Assuming this continues, we have been waiting a lot of years for it, and for the most part, the real moves in the shares haven’t even started.
Seems like everything depends on what silver does.
Have y’all noticed that the last couple of days gold has broken the 2% up rule that has been in place for the last 25 years?
13 minutes of proof this is fact!
Pulled their diversion BS and their BS fase narratives on Elon who is under the direction of the president and not even A politician and they focus on that BS instead of Maga Trump and this country! They do it again at the mid terms and 28 and better be awake. Oh well Trump’s back in and I don’t want to get my lazy arse back up and vote in one of his team, he can do it all. The government is not set up that way, Trump needs his team. People better get their priorities straight or they’ll have no one to blame but themselves. They’re already starting to screw up.
