Will there be follow up tomorrow? Stay tuned …
Anyone figure out why we’re higher today?
Everything is going against us except maybe the SM, but the SM has held strong while we’ve tanked the last 5 months.
I like the results, even sort of holding our gains into the close, but I’m confused by this.
No real volume, so we probably shouldn’t be holding up all day. I suppose they can get us here in the last 20 minutes.
Here comes
…..the Maxwell House effect…..
Maddog
I need your expertise to explain what I just saw on the comex… The registered silver available for delivery as of July one was around 95,000,000 ounces.. As of July 17, 11,258 Contracts had been stopped total and 56,000,000 ounces…. When I check the registered silver amount now it still says around 95,000,000 ounces… When I ask AI, why the discrepancy they say the silver does not leave the vault it just changes hands.. And then I ask a guy so you’re telling me it stays in the registered category and they said yes…. That just doesn’t make sense to me. Do you know all the tricks These magicians use? Thank you much for your advice..John
Seems so … I sure hope it’s true!
Mark
@Mark_IKN
·
23h
Gold has stopped caring about Iran.
Good. About time, too.
Death by a thousand cuts … err regulations
Canada Proud
@WeAreCanProud
#REPORT: New draft regulations by Carney Liberal heritage minister Marc Miller would force all businesses with over 100 employees to offer all their services in French in designated English Canadian cities, including Edmonton, Winnipeg, Sudbury, Ottawa, and Yarmouth.
Not sure why we have any gains today
maybe because we just needed to decompress a little?
Otherwise, everything going against us the same as it has been for the last 5+ months. I suppose the QQQ’s could just be dragging us along. Regardless, we’re going to need a couple months of this just to get back to where we were. Not complaining, any gains at this point are most welcome. 🙂
I wonder if rising rates and inflation will end up being our friend when all is said and done?
Sounds Reasonable
Bushels 🌾 Barrels 🛢 & Bullion 💰
@BuBarrelBull
I’m shifting some exposure from energy equities to miners. I’m not bearish energy I just think the risk reward is less balanced.
I think gold is defending $4k well, rates have peaked, and central bank demand is quite strong at these levels. I think retail selling is pretty washed out and gold equity valuations are as attractive as I’ve ever seen them.
I think copper is holding up quite well against AI drama, whereas the equities have been punished very hard.
I also like lithium and uranium equities.
Bargain Days
Willem Middelkoop
@wmiddelkoop
China’s Record (+200%) Gold Imports
‘Net imports of non-monetary gold increased 199% y/y to reach 151.6 tonnes in June, the highest since March 2024 (+137% in H1)’
rates, dollar and oil
all creeping up.
You know what that means….
Slowly chipping away
Silver still sporting 4.5% gains, but they are whacking away. Gold up $50 but was up $75 at one point.
This looks like the usual gap up and crap down the rest of the day. Hope not, but…
Ferret
Have you researched anything to do with the Noahide Laws? Apparently, the International Jewish Congress is meeting on this in November? I find this interesting, sounds a lot like the upcoming New World Religion. It all sounds nice, unless you don’t agree with who their one true God is – then it’s curtains for you. #6 is going to put a damper on my love for a big fat steak! 🙂 – the vegetarians will celebrate it though! 🙂
I have this theory. These guys and the Muslims are going to agree on who the “One true God” is. He will end up being the antichrist. They’ll cut your head off if you don’t submit. It will become law.
The Seven Noahide Laws are universal moral commandments given to all humanity, prohibiting idolatry, blasphemy, murder, sexual immorality, theft, cruelty to animals, and mandating the establishment of justice.
The Seven Noahide Laws, according to Jewish tradition, are as follows:
- Do not worship idols – Recognize and honor the one true God, avoiding idolatry in any form Wikipedia+1.
- Do not curse God – Refrain from blasphemy or verbally disrespecting the Creator Chabad.org+1.
- Do not commit murder – Respect human life; taking a life is considered a violation of the sanctity of the world Chabad.org+1.
- Do not engage in illicit sexual relations – Prohibits adultery, incest, homosexual acts, and bestiality, emphasizing the sanctity of the family unit Chabad.org+2.
- Do not steal – Respect the property and rights of others, avoiding theft or fraud Chabad.org+1.
- Do not eat flesh taken from a living animal – Prevent unnecessary cruelty to animals, promoting compassion and ethical treatment of creatures Chabad.org+1.
- Establish courts of justice – Create a legal system to enforce these laws and maintain social order and justice Wikipedia+2.
These laws were given to Noah and his descendants after the Flood as a covenant for all humanity, forming a foundation for ethical behavior and moral responsibility. Observance of these laws by non-Jews is considered a path to righteousness and a place in the World to Come (Olam Ha-Ba), Wikipedia+1.
The Seven Noahide Laws are seen as a universal moral code, emphasizing respect for God, human life, family, property, animals, and justice, providing a framework for ethical living across cultures and religions Chabad.org+1.
More from the quran.
Women (again, that is the title) vv 89-91.
“They wish you would disbelieve as they have disbelieved, so you may all be alike. So do not take them as allies unless they emigrate in the cause of God. But if they turn away, then seize them and kill them wherever you find them, and do not take any of them as allies or helpers, except those who are allies of a people you are bound with in a treaty or those wholeheartedly opposed to fighting either you or their own people. If God had willed, He would have empowered them to fight you. So if they refrain from fighting you and offer you peace, then God does not permit you to harm them. You will find others who wish to be safe from you and their own people. Yet they cannot resist the temptation ˹of disbelief or hostility˺. If they do not keep away, offer you peace, or refrain from attacking you, then seize them and kill them wherever you find them. We have given you full permission over such people.”
Hmm…this came in my inbox
PM’s feeling froggy overnight
I can’t see anything that would drive this.
Dollar, rates and oil are all flat. SM getting a nice bump with the QQQ futures up more than 1%
Maybe just a very oversold bounce. Hope it can sustain itself when the US markets open.
speak of the devil
RadioGenoa
@RadioGenoa
In 1975 there were only two mosques in Germany: Berlin and Munich. Today there are 2800.
ferrett
Sorry to see Australia head down that road. People just won’t see it until certain locales in their own country are suddenly subject to Sharia Law. Intolerant and violent towards people who don’t believe exactly what they do. If they didn’t bother people of other creeds and morality then no one would mind them much. But that’s not the case, they are aggressive and often criminals as well.
Any at all coming in is too many.
ipso, Alex, and yet in Australia that little conversation is now probably criminalised.
Because our beloved leader Albanese has decreed that any hatred towards islam is now a criminal offence. Galloping headlong down the European road towards national suicide. Once again, words are bastardised to mean something different – islamophobia literally means ‘fear of islam’, not hatred of islam. But, who cares about meanings, and what does ‘hatred’ mean anyway?
So I figured I’d better start to see what this islam, apparently the religion of peace, is all about, starting by reading the quran. I just started from the beginning, and in book two, The Cow (yes, that is what it is titled), verse 217 says
“They ask you ˹O Prophet˺ about fighting in the sacred months. Say, “Fighting during these months is a great sin. But hindering ˹others˺ from the Path of God, rejecting Him, and expelling the worshippers from the Sacred Mosque is ˹a˺ greater ˹sin˺ in the sight of God. For persecution is far worse than killing. And they will not stop fighting you until they turn you away from your faith—if they can. And whoever among you renounces their own faith and dies a disbeliever, their deeds will become void in this life and in the Hereafter. It is they who will be the residents of the Fire. They will be there forever.”
So it is better to kill, than to be persecuted. Verse 218 says:
“Surely those who have believed, emigrated, and struggled in the Way of God—they can hope for God’s mercy. And God is All-Forgiving, Most Merciful.”
Anyway, we’ll see where this journey goes. But here is a fundamental difference – Allah says kill the persecutors, Jesus says, rejoice in persecution for His sake, and bless your enemies. Seems clear so far which is the religion of peace …..

