“Everyone’s Grandma Is Selling the Silver Chandelier, Forks, Knives” as Scrap Volumes Overwhelm Refiners

even the Ag shares

Love the PM price action today. So far though volumes not confirming price move.

As my old guru (Tom O’Brien) used to say “there is less customers in the store but they keep raising prices!”

We will see. Hope volumes pick up. Could be holiday related…

Dog

I’m surprised by the strength in the large caps. NEM is on fire. Maybe the AEM numbers are helping the sector.

NEM price target was upgraded from $97 to $123 by BNP Paribas today. They maintained their neutral rating. Kind of a backhanded upgrade, since it’s at $124.50 today. Neutral rating?? Really?

One thing I know for sure is that whatever I think is going to happen probably won’t. 🙂

Naval
@naval
·
23h
People who don’t organize into tribes get wiped out by people who do.

I can help you more than this moron. This guy has ZERO credibility. Negative credibility. You might as well shake a magic 8 ball for answers. The guy is RETARDED!

It’s not what is happening right now … next week is the worry.

Not only are the holidays a worry … but after that … it should be recognized the Chinese government has to clean up their corrupt retail market … not to mention they are blocking retail trade in order to stabilize prices … they like the cheap silver too.

Bitcon has a counter rally in the works that will last weeks … possibly more than a month … so the algos will constantly try to rally stocks … you are seeing that today … but they don’t let them run because that would bring a bid back into PMs.

Ultimately the bitcon rally will be over and it will be heading to 25K into the spring … myself … that’s the move one needs to be aware of because everything else will follow. … so it looks like Marty might be right … at least right now.

I would be careful thinking March is going to be puppy dogs and fairy tales for PMs … as the bankers are not going down without a fight … where they have a tendency to pull a bunch of a commodity out of their butt when needed.

They know the retail trade is positioned for a good March.

Such setups rarely turn out as planned because they are master manipulators with all the necessary tools … with the exception of the metals ultimately … because they can’t print them.

That’s why they will need to bring war back into the picture by April … because they will need to print … and commodities will react … as deflation signals in stocks (after the bitcon rally fizzles) trigger rapidly increasing currency(s) debasement on tap.

Mornin all

But boy are they protecting 5000 in au

https://finance.yahoo.com/news/agnico-eagle-reports-fourth-quarter-220000106.html

Be nice if they took an early weekend.

edit: ahh, there they are. So reliable.

Inflation ran cooler than expected. 2.4% vs. 2.5% expectations. The monthly numbers were also better.

I find that interesting given that the PPI exploded. Must be some of that Biden administration numbers rigging operation is still there.

$3.6 TRILLION Wiped Out in 90 Minutes as Market Shifts From Debasement to Deflation, A.I. Unemployment Fears Rise, the Fed is Trapped & Their Inevitable Response!

The cracks are turning into a chasm. What began as a liquidity crisis is now threatening to morph into a full-blown debt deflation tsunami.

In a brutal 90-minute window today, over $3.6 TRILLION was wiped from global markets in a violent, cross-asset liquidation. This wasn’t a contained sell-off; it was a panic.

Gold, silver, stocks, and crypto were all taken to the woodshed in a correlated collapse that could be signaling a terrifying new phase.

The market may be beginning to price in a catastrophic possibility: that the deflationary impulse, now supercharged by rising fears of mass A.I.-driven unemployment, will overwhelm the Fed’s ability to print.

If gold, the U.S. dollar, and Treasury prices begin to rally together, it will be the definitive signal that the debasement trade is over, and a debt deflationary winter has begun.

But history is clear: every deflationary crisis is ultimately met with an inflationary response. The Fed has a pain threshold, and when they are forced to act, the monetary tsunami will be unprecedented.

Here is what you need to know;

• You need to know that a debt deflation tsunami may have been unleashed today as a brutal market crash wiped out $3.6T in 90 minutes, signaling a potential shift from a currency debasement trade to a catastrophic debt deflation spiral.
• You need to know there was cross-asset carnage as gold plunged 3.76% ($1.34T erased), silver dumped 8.5% ($400B erased), the Nasdaq dropped 1.6% ($600B erased), and crypto fell 3% ($70B erased).
• You need to know there is a new fear catalyst: A.I. will trigger mass unemployment, consumer delinquencies, and widespread business failures accelerating the deflationary impulse.
• You need to know the key indicator has shifted and if gold, the U.S. Dollar, and Treasury prices start rallying together, it’s the signal that the flight to safety is on and the debt deflation phase has begun.
• You need to know the labor market is cracking and the crisis is rooted in real-world data; the worst January for layoffs since 2009, a collapsing tech/SaaS sector, and an imploding crypto complex.
• You need to know the Fed is trapped and has a pain threshold, but this deflationary wave may be too powerful to fight with conventional tools. Their inevitable response will have to be larger than anything seen before.
• And you need to know this violent correction is shaking out weak hands before the Fed is forced to act. The deeper the pain, the more explosive the eventual monetary response will be.

Today’s debt deflation tsunami wiped $3.6T out in 90 Minutes as the market may be shifting from debasement to deflation, A.I. unemployment fears rise, the Fed is trapped & their inevitable response will be to print!

Let’s Dig Into The Following:

1. Today, the market has just sent its most violent warning shot yet. In a brutal 90-minute period, a cross-asset liquidation event vaporized over $3.6 trillion in value. The speed and breadth of the collapse were breathtaking. Why this is the hallmark of a brewing deflationary crisis, where the value of debt rises as asset prices fall, creating a vicious downward spiral and this needs to be closely watched!
2. For the past several years, the dominant trade has been the debasement trade; betting that the Fed would print money to inflate away the mountain of debt, leading to higher asset prices and a weaker dollar. Gold, silver, Bitcoin, and stocks all rallied together as investors positioned for currency debasement. Why this latest crash today signals a potential, terrifying shift in the market’s thinking, and the new fear may in fact be debt deflation!
3. This market panic is not happening in a vacuum. It is the financial manifestation of real-world economic decay. U.S. employers announced 108,435 job cuts in January, a staggering 118% increase from a year ago and the worst January for layoffs since the depths of the Great Financial Crisis in 2009. As we’ve been documenting, the labor market and real economy may in fact be cracking. Why this could very well be the start of the deflationary spiral the Fed is so terrified of, and the data suggests we are near the precipice of it!
4. And this brings us to the Federal Reserve. How much pain will they tolerate before they pivot and ride to the rescue? The Fed always talks a tough game on inflation, but their true mandate is to protect the banking system and prevent a catastrophic market collapse. They have a pain threshold, and the market seems determined to find it. But history is clear: every time the market has a seizure, every time a liquidity crisis hits, the Fed’s response is the same: open the monetary spigots. And every time, the first assets to benefit are gold and silver. Why they are the canaries in the coal mine and the assets that sniff out currency debasement before anyone or anything else!

Why we got absolutely obliterated yesterday and are getting back nearly half this am? Maybe this is just to suck some longs in so they can do it all over again today? We’ll only get back a third of the losses in the shares – at best.

Ipso – I guess ya never know. The dollar system is fine with me if gold goes to $25K and silver $300 and it doesn’t lose too much purchasing power. LOL 🙂

Wall Street Mav
@WallStreetMav
·
17h
The news that Spain’s borders are open is spreading throughout Africa.

They are rushing to enter Spain and receive Legalization documents plus free welfare benefits.

Then they will be able to travel anywhere in the European Union, inflicting chaos everywhere.

https://x.com/WallStreetMav/status/2022045032753283441

Maybe it will be possible down the road somewhere …

Good Morning

If we could somehow normalize relations with Russia Trump would be a huge success. Unfortunately the people Trump answers to will never allow it.

Wall Street Mav
@WallStreetMav
The Netherlands is about to commit financial self-destruction. Their parliament just passed a 36% tax on unrealized gains for investments.

This will cause wealthy people to move to another tax jurisdiction. People will avoid launching a new business. Stock market investing will dry up.

There is too much downside risk, very little upside potential. The govt is confiscating most of the potential upside, but leaving the investor with the downside risk.

The politicians know this, they have discussed it and they are concerned about it. But they did it anyways to close a short term budget gap of roughly $2 billion. As with other countries that attempted a wealth tax, it will likely backfire and result in less tax collected after wealthy people leave.

The results will be so negative, the govt will reverse course within a few years. But by then the damage is already done.

https://x.com/WallStreetMav/status/2022096868595872196

Dollar Detente? Kremlin Memo Explores Rejoining US-Led Financial System

The Kremlin apparently has a highly ambitious proposal for finally mending relations with the United States and wooing the Trump administration to its side regarding resolution to the Ukraine war.

It centers on Russia weighing a return to the dollar-based settlement system as part of a broader economic reset with the White House, according to an internal Kremlin memo reviewed by Bloomberg.

https://www.zerohedge.com/geopolitical/dollar-detente-kremlin-memo-explores-rejoining-us-led-financial-system

for absolutely no reason I can see. Similar to yesterday’s beat down, no rhyme or reason for it.

CPI today will move things around when it comes out in a few hours.

I find I use it, and its live charts too, many times daily and would recommend it to anyone who deals in silver or gold or any other commodity and wants live prices.

https://tradingeconomics.com/commodity/gold

Again, many thanks, SNG

“Goldman Sachs’s top lawyer, Kathryn Ruemmler, has just resigned in the wake of the Justice Department’s release of emails and other material that revealed her extensive relationship with Jeffrey Epstein.”

oh, what a tangled web…

oh, how slowly it unravels…

We’re still at $5000 gold but they acted like it dropped to $3000 today. Eff off bullion fake ass banks.

Maybe see how much metal they can shake especially on margins before the call for delivery and the shelves are empty. Looks like we’re going test support. Hope people to took profits off the table have dry powder ready when they do. They certainly will as they rob everyone on the way down.