Loading ...talking with a friend this evening…
…if some nogoodnik hackers can shut down colonial pipeline and throw the east coast into panic…
what’s to stop somebody else from doing the same with the power grid?
the natural gas pipelines?
the stock market?
the internet?
other?
i hope i didn’t curdle everyone’s evening.
Keep preaching, I guess eventually the sky will fall, but probably not.
Buygold
As others have said…..if Trump was still President, it wouldn’t be happening….but as of now it will only get worse, with that idiot Obummer running the show.
It took all day, but we managed to close gold up a little, kinda like they do to the SM everyday.
Maddog – how much of a bummer would it be if gold finally took off and then Armageddon happened.
I honestly don’t think there will ever be peace in the Middle East. It’s just not in their nature.
Helluva good day
I’m hoping this is a repeat of 2001 where stocks went down and pm shares went up.
Two decades later it would be about time.
R640
You really hold Rubino in that high of regard?
I do think Sam Zell is a smart cookie but usually when Rubino gets Uber bullish, I’m looking for an immediate drop in pm’s.
Let’s hope Zell is on the mark, I highly doubt he’s looking for $11K gold.
Daddy is not going to come home and fix this–The Mad Max scenario is the extreme end of the spectrum of possibilities
” He will build a massive commercial real estate empire with billions and billions of dollars of offices and shopping malls and stuff like that. Then towards the end of the cycle, he will start selling. He will basically get out at the peak of the market. Then the market tanks, and he buys back in. So, he’s a really good indicator of where the economy is going because he has such a history of being right. So, now, the guy is buying gold. I think this is the first time I have ever heard of him doing that. He usually just sells his real estate and goes to cash. Now, he’s selling out of some of his real estate, and instead of putting it into a bank, he’s bCAPT. HOOuying gold with it. This is a good sign from a smart guy…This guy is right so frequently, the fact that he is buying gold is a really good gold buying signal.”
” Daddy is not going to come home and fix this. We are at the point where there are no solutions,and that’s when things spin out of control…The Mad Max scenario is the extreme end of the spectrum of possibilities, but there can be political and financial chaos where something like the Great Depression or something like the Weimar Germany hyperinflation becomes a real possibility…This is beyond the ability of any individual to fix. We can’t save the system.”https://www.zerohedge.com/markets/daddy-not-coming-home-fix-john-rubino-fears-mad-max-scenario-ahead
Morning RNO
Yeah, they’re a corrupt bunch just like the CME on our side of the pond.
I’m pleased with the way silver is acting today and really surprised. Usually our pm sector sells off with the stock market. I agree with you, the SM might be in for a bit of a deeper correction than most think. Tech led the market up and now it’s leading it down, although it has come back a bit today.
Buygold
LBMA is about as trustworthy as someone selling a used car in a back alley.
Stock market
Keeps trying to rally but hits selling pressure on every rally. We may see a deep correction here.
silver continues to hold its own today.
grain markets are up again but distribution may be ending.
I’m sure it was just an honest mistake…
Accounting errors causes LBMA to overstate silver holding by 3,300 tonnes during March Silver Squeeze
Not very often we have a decent day when the stock market is getting hit
We’re even half way decent with the 10 yr. up a couple bps.
I hope it’s a sign of things to come.
Treefrog
Well said, they wear out in eight lol
It’s all political and no doubt they’re getting paid to do it at the expense of the economy as usual. I heard Dole who preached a ice age was coming once before changing to global warming his house could light up a whole street.
That my point, ask them to modernize the congress to all solar and if their homes are all solar,
Call them out on their BS and don’t relent with their side tracks.
Besides maybe we can can them racist.
How many black or Hispanic homes can afford to covert to solar and how many can afford to buy 40K EV cars?
Instead they’ll raise the gas prices.
Maddog @ 8:03 I posted a chart yesterday at 9:08AM that shows where silver is going this run
~$118, probably in November 2022. Nothing on that chart is an accident. All based on silvers history beginning with it’s low in 2001; tops, bottoms, and cycles. Problem is it’s so simple nobody sees it…. FWIW!
All the best from Silverngold!
goldi
oil is here to stay – at least for the next few decades.
solar can provide megawatts. if even half of the petroleum powered vehicles in this country were eliminated and replaced by electric, we would need gigawats. many gigawatts. (also, solar doesn’t work worth diddly squat at night.)
if we were to convert to electric, we would need to triple (at least) our electric generating infrastructure. without petroleum (including natural gas) fueled powerhouses, who ya gonna call?
hydro? most of the suitable rivers are already being used. build some new rivers???
wind? stripped of the subsidies, windmills generate enough saleable power to pay for themselves in ten years. they wear out in eight.
nukes? do-able, but it takes years to get a permit and more years to build a nuke powerhouse. there are none in the application pipeline. political kryptonite.
the oil industry will be alive and doing well long after you and i are history.
Maddog
I’m wondering if oil will pass its 70 ish optimal target this time to demand. If I was in I’d be moving my stop loses up and take a chance past 70 but would be putting stop loses in tact not just watching like watching for the bottom at that point. Cant say as some things can’t be predictable like hurricanes where they’ll move to other things quickly.
I wonder how solar will work on roofs in the southern states. They know, it’s the brain dead who cons their way into politics for personal gain who think we’re ready to eliminate oil.
Had anyone ever asked them if their homes all solar and if they practice what they preach?
Yeah Maddog
Silver now green and the silver shares are taking notice.
If we could even get a couple % of that Nasdaq money to come into pm’s we’d get a helluva move.
Commodity Mkts taking the scum games on
check oil….it has just laughed off the scum dump, by rallying $ 1.20 in a straight line….
Ipso
Yeah I wouldn’t blame him living in Sonoma worried about the fire season. It’s already warm here like other states summers with air conditioners running already.
I’m surprised silver is not down more
yet anyway. My dealer is paying $3 over spot for eagles and selling for $8 over spot.
Seems like the shortage might actually be real. A lot of items out of stock.
Maddog , Ipso
Maddog Yep and this younger group just might be the ones who can make change who knows. They are quite large and tech savvy. But yeah it’s like free or invisible money they don’t even have to them to make money on.
Ipso that would be nice.