How is President Trump doing in this term?
Total Voters: 45
Loading ...What did he expect from the visit? He had sort of backed himself into a corner, really. Demanding a visit, finally getting one, unless he turns up with a horde of auditors wielding gold analysis meters ready to spend a month there …. they show him some bricks, it seems weak if he just says “I’ve seen some gold but that’s not an audit”.
Swamp 1, RP 0.
…just hit the fan. silver down a buck in 15 minutes. gold down sharply too.
Well said and so true.
He’s very fast!
Rather a disappointment. Are we supposed to swallow this report?
In fairness though after his visit … what else is he going to say?
The Hormuz Letter
@HormuzLetter
BREAKING: Iran gives the US an ultimatum of “3-4 weeks” to meet all of its demands or it will “severely escalate in the Strait of Hormuz” and launch its planned preemptive strike on US-backed Gulf infrastructure, and US & Israeli assets, a senior Iranian source in Tehran familiar with the matter says.
Iran’s demands include:
1. $300 billion in reconstruction funds
2. Full release of Iran’s frozen assets of up to $120 billion
3. Lifting of the U.S. naval blockade
4. End to the war across all fronts, including Gaza and Lebanon
5. Accepting Iran’s permanent control of the Strait of Hormuz, including up to 7% of transit fees
6. The lifting of all US sanctions on Iranian oil, petrochemical products, and gas
https://www.zerohedge.com/economics/rand-paul-goes-fort-knox-verify-us-gold-stockpile-still-exists
He thinks we are all idiots. There are supposed to be 350,000 bars there, and he’s saying he’s checked them all on a one day visit.
Where are the stock take sheets?
And before the nitpickers start, “here” is where you live, where I live, where I used to live – pretty much anywhere where white people live. The invasion tactics against a society so weakened by luxury concepts of ‘fairness’ and ‘equality’ are cynically brilliant. The only way to stop the Ceuta invasion of unarmed, hungry and thirsty people was to start shooting at them. The only way to stop the inflatables in the Channel, once they’d entered territorial waters and refused to turn around, was to sink them. The fact that they are all fit males of military age is just so blatant. “This is an invasion. We can’t make it any clearer, but we know that you are so weak and place so little value on your own culture that you will let this happen. Weak people deserve to be subjugated by the strong.” And the physical invaders, not the ones pulling the levers and providing the finance, are low IQ men easily led into whatever ideology will give them the illusion of power, women, food and the easy life, so that the leaders of the ideology will gain power.
Funny how Hollywood wouldn’t include “The Scouring of the Shire”, the chapter that Tolkien considered to be the most important in the book.
Thank you for the synopsis re. CTGO
the reason september/october is the season for large market shifts may be because that’s the timing of north hemisphere harvest – arguably the most important annual event in the global economy.
Thanks for the thoughts. I don’t know what’s coming, whether SM crash ala 1929, or a revaluation, or something else. I suspect someone knows or knows what to expect and preparations are being made for it.
I guess we’ll find out soon enough. We are heading toward Sept.-Oct. and it seems that big stuff always comes in those months, more than any other time of the year. This year might be a whopper. 🙂
FWIW, I think we walked away with a win today.
Dolly Varden had the holdings and proven drill results but had no plan to develop a producing mine. They were just an explorer with lotsa good drill results, hoping to be taken over, which they were in the Contango merger.
Now as Contango Silver and Gold they have become an actual producer with their Lucky Shot mine in Alaska. Since the merger was finalized they have paid off their entire hedgebook so all profit can now go directly to shareholders as more mines come on line. They have roughly $90 million cash with which to continue exploring and developing and permitting their vast and proven potential BC mines located in the Golden Triangle, and they have plans to re-open and start up some of those holdings now that silver and gold have exploded to current levels, even with the recent consolidation….so IMO they are making an honest effort to become profitable for their shareholders and they are making an honest effort in every possible way to develop their vast properties and get them producing …it’s just a matter of time. I owned some Dolly Varden before the merger, and have bought Contango Silver and Gold since the merger FWIW . Sng
I agree. I would not be surprised to see a massive stock market crash like 1929, and everything getting cheaper, re a massive deflation in stocks and real estate, along with much higher property taxes to cover more people on welfare.
All gold owners with the REAL money are already seeing things getter cheaper when priced in Gold. Jim Dines used to say, “Gold it the pituitary gland of the financial system.”
The Adens see a possible Parabolic move up, that means we accelerate the higher we go…..I just checked the Apr 2027 strike and that has no serious numbers and the max strike is 6 K….
Which says it all has to happen in next few months….and I must say only a revaluation fits that scenario….or does it, we move 100 dollars/day no problem …10 days equals $1000, 1 month is $ 3000, accelerate month 2 $ 6000, month 3 $ 12000….we cud see near $ 30 K by end Nov !!!!!
I liked holding my shares of Dolly Varden, but have been very unhappy with CTGO since the merger with DVS. Down some 10% in the last year, and pushing the PR very hard recently…..
They need to put up or shut up!!!!
that’s so odd to me. Why would anyone buy calls that are so far out and only 5 months out? Granted, they bought them a while ago, but they’re probably underwater now. I’m sure time has deteriorated the price. Even if gold spiked to $10K tomorrow, would they breakeven?
I can’t even imagine a scenario where gold got there outside of revaluation. Certainly, if we started to see spikes because the currency was collapsing, it would be so disorderly that the Crimex would either close or become a 100% paper exchange. Do you have any thoughts?
I kind of think it bears watching. I think there are a few things that bear watching these days. One of them is this International Conference of the Noahide laws set to take place Nov. 2nd. The first law should give everyone pause.
There are some strange things going on around this world. We are definitely hurtling toward something.
edit: just saw your post, yeah, nice jump there, even as the dollar flipped positive. It feels like the dollar matters less and less to these commodities. Hard to tell if we’re going to be able to survive weakness in the SM
Earle is flying…summat is up…..
QQQ’s are rolling over with the DOW. Can we continue to hold gains?
Which Dec Calls have the largest OI in Crimex Gold…………15000 and 20000…36K and 38 K…….they both have more than double the nearest which is the 10,000 with 15 K.
They’ve yet to take any big chunks out of the move up, even as the dollar creeps higher. Doesn’t mean they won’t at some point, but I love the grind so far.
small gap up opening, which they tried to sell, then buyers took over,,,,this different and much better action….so far. As total failure to close first hour on it’s arse. Like usual.
…creeping up again, 12.69%
Both governments are going to have to eat that reality sandwich sooner or later.
That’s one of the areas where Trump has disappointed. One of his campaign promises was to deal with the debt but once in office he’s a victim of Drunken Sailor Syndrome like so many other elected officials.
Re Debt…..at least you have a government that acknowledges yr debt problem and is trying to grow out of it, via a strong economy etc…over here in Europe, as far as all governments are concerned the debt problem doesn’t exist …it is never spoken of, or acknowledged in any way….