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Food-Shortage Fears Well-Founded? Tyson Closes Nation’s Largest Pork Plant Over COVID Concerns

https://www.zerohedge.com/health/tyson-close-its-largest-pork-plant-over-coronavirus-fears

I’d sure like to see silver start to play catch-up, my silver shares have definitely been lagging.

I suspect they’ll have their day and it will come when we least expect it.

FROM MURPH LAST NITE=

Today was without a doubt the most mindboggling day in US futures history with the price of spot WTI crude oil falling to a negative price of $37.63 per barrel. Am sure that most anyone who traded futures to any meaningful degree never even comprehended that a negative futures price for a commodity was even possible. How bizarre is this? This evening May crude is shown to have rallied $25.87 per barrel and is still a negative $11.76 per barrel. It is beyond mindboggling.

The situation was so bad today in crude oil that a pro oil trader would not buy a May futures contract late in the day, say for a minus $30, which means he would get paid $30,000 plus get 100,000 barrels of crude oil for free, and yet it was not done or the price would not have closed where it did. How bad is that? A futures trader could have done that trade and simultaneously sold a June futures contract at say $22 per barrel and delivered on that contract on Wednesday. That means all the oil guy trader had to do was have a home for crude oil (with anybody) for ONE day IF he got delivery tomorrow. And mind you, the earliest buyers on the Comex books of oil get delivery, not the latest on the books. That is the delivery process. Of course, if you own May oil tomorrow through the contract close, you own it. But as of tonight, you could have already sold the May contract via a June futures sale for a quick $50,000 profit. NO takers.

Nice to see spot gold over $1700 again. Maybe silver will catch up some day.

“Bank of America said $3K gold was in the cards yesterday. WTF a banker bullish on gold?”

Next thing you know JPM will be advising people to buy physical silver! 🙂

Juniors looking good too.

Hoping MUX never sees the underside of a buck again in my lifetime.

Bank of America said $3K gold was in the cards yesterday. WTF a banker bullish on gold?

Marathon Gold Files Updated Technical Report for the Valentine Gold Project Pre-Feasibility Study

https://finance.yahoo.com/news/marathon-gold-files-updated-technical-110010876.html

That sounds terrible.

Better keep people locked down for another month or two just in case.

Cheers

some good news, and a little perspective – – –

the daily mortality figures from CV-19 for florida have dipped down below one in a million after peaking at a little over two in a million on april 4th.  it should be noted that florida has been a retirement destination for a century, and our demographics are strongly biased toward senior citizens and the elderly.  saint petersburg’s unofficial title is the “city of the newly wed and the nearly dead.”

From virtually all responses to that article, zerohedge posters believe those reddits posts are fake, and say reddit is mostly propaganda.

Another attempt at $1700 but silver still can’t move?

and yet the shares still show life, like they did yesterday, and because of that, I’ve got to believe better times are ahead for gold and silver.

JNUG and NUGT shares of thievery

NEW YORK, April 8, 2020 /PRNewswire/ — Direxion has announced it will execute a reverse split of the issued and outstanding shares of twelve ETFs (each, a “Fund” and collectively, the “Funds”).

The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.

After the close of the markets on April 22, 2020, each Fund will affect reverse splits of its issued and outstanding shares as follows

Winter Wonderland
https://railpictures.net/photo/729400/