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A surprisingly good day, and with gold and silver down too! 🙂
Space X updates
For the space cases.
Great day for the shares
SLV has come almost all the way back too. Pretty impressive considering tech has been weak all day and the DOW flat.
New high for HUI.
All this unless they decide to come in here in this last hour and drop some paper bombs on the metals.
Buygold @ 12:13
No they would have cash settled them with a huge premium (but what do I know – according to them they cancelled some orders … this would be suicide … got physical in hand?).
A small amount to them to keep the game going.
As I said … don’t expect miracles short term.
I would keep an eye on the Chinese spread and backwardation.
And then there is Iran.
Looks like Trump might do something stupid here.
China will take advantage of any weakness from an overcommitment.
The Pentagon will have a heck of a time replenishing ordinance given current supply chain constraints.
Might lose some assets (Taiwan) in the process.
This could cause a crisis of confidence … which in turn could hit the dollar … which in turn could cause a need for speed in currency debasement rates worldwide (in response to a dollar slide).
We will see.
Cheers
Everything’s Fine
In Simulated War Games, Top AI Models Recommended Using Nukes 95% Of The Time
https://www.zerohedge.com/ai/simulated-war-games-top-ai-models-recommended-using-nukes-95-time
Silver Bullet, Captain
Thanks for the info. How do they just close out 31k contracts? They just cash them out without notifying the customer? Crazy.
Silver bullet – thank you, I am blessed beyond measure.🙏
Buygold @ 10:45
Yes that’s right … for all metals.
Don’t know if that will be enough to cause a price spike with Da Boys hovering overhead … but things could get interesting as the month matures … the tab needs to be paid … the five decades plus tab … tick tick tick.
You can’t just print physical silver …
Chuckle … spit
Buygold – shenanigans
Buygold,
The shenanigans took place yesterday on the Comex When they had a technical glitch and the gold silver natural gas markets went down for about 19 minutes… Yesterday they closed out 37,000 silver contracts with 31,000 of those contracts closed during the time the market was down… So you draw your own conclusions . When you ask AI if contracts are ever closed for cash at a premium, they say there’s no evidence of it… It reminds me of the saying, you wouldn’t know the truth if it was staring You in the face.. Be blessed brother..
Silver shares
Don’t look too bad to me so far. Actually starting to move higher.
Captain – isn’t tomorrow the first day of delivery notice on Crimex for silver?
I bet we’re going to see all sorts of shenanigans  over the next few days.
Tucker Carlson
Tucker Carlson
@TuckerCarlson
This is Israel’s last chance to blow up Iran with America’s military, so naturally the neocons have reached peak hysteria. Clayton Morris on what happens if they get their wish.
WarMonitor🇺🇦🇬🇧
@WarMonitor3
·
19h
BREAKING: All US ships at the headquarters of the Fifth Fleet in Bahrain have moved out to open sea-AP
Stand and Deliver
Willem Middelkoop
@wmiddelkoop
·
17h
The COMEX/GLOBEX (CME) trading halt today was very suspicious 🚨
Why?
In the Comex February gold contract, the Open Interest currently stands at 4,000 contracts
This is highly unusual, as contracts open at the start of the month would normally have been delivered (or rolled over) long ago by now.
Therefore, one party still needs to deliver 12 tons of gold against this February contract—equivalent to roughly $2 billion in value at current prices.
Shanghai didn’t blink
AM Fix was $100.46, we’ll see if it moves off the $100 level for the pm fix.
Metals are pretty quiet around the world tonight.
edit: PM fix came in at $99.22 so they backed it off a little.
Shares are pretty quiet early. GLD is up a few bucks, SLV down $.75, not tracking with spot. I’m guessing SLV got hit for a buck or so in the AH’s. Dollar continues to be firm but flat.
Maybe just the calm before the Ides of March. There is a blood moon on March 3rd – they tend to hold significance for Israel historically.
Long term stocks vs pog. Deer
Today we see either a test or a warning in Hui. I didn’t look at XAU yet, was busy.  It seems a no brainer the PMs will be in demand but still can be depending on economics and demand and politics. Because it’s on going for years to come and depending on production it’s not going to just be a zero to sixty in two seconds.
Deer I agree, with more people with no exposure to PM stocks and what makes them move let alone juniors and explorers should be warned not to think they can just throw darts with picking stocks vs buying the phyzz. I still get a kick out of M Pinto’s honest experience with buying miners who said paraphrasing, about why he doesn’t go long on junior miner stocks. That if anything can age you before your time its holding the juniors. Some explorer’s don’t even plan on producing what they found but don’t announce it. They’re just waiting for someone to buy it or merge and even then with whom, what company.
Ferrett
Z was placed there for war, never meant to honor the agreement and hyped the war drums with propaganda with help to believe they would have to fight instead and they would win and now how many of them that believed them are dead. As far as what they’re doing including to Hungary and Slovakia and murder of innocent people shows once a Nazi always a Nazi. They’re acting more like a lawless third world gang than a country that wants to join nato and we shouldn’t be giving them any funding or weapons to misuse or attack any NATO country and where IS NATO? They’re in on it?
Hui
Broke through resistance today but was rejected and pushed back down barley higher than open. Can’t decide if its a gravestone doji or shooting star but both are bears took control. Still sitting on top of prior resistance , new support, at least of yet wasn’t driven lower and under resistance but it is what it is.
ferrett
Evil deeds done by evil people. Storm Troopers still live!
ferrett @ 16:15
Zelensky’s a curse on the Ukrainian people. How many more people are going to die in a war which is already lost?
I’m waiting for the headline: Hungarian and Slovakian troops intervene on Russia’s side. 🙂
deer79 @ 16:14
If they run out of metal I think that’s a “technical” issue. LOL
Maddog @ 14:49
“Not miss Zelensky”
You got that right!