Loading ...I agree, the Dow etc had a dead cat bounce and taking the emerging markets with them making short EfF insurance money. They will fight any move down and earning will be interesting with supply shortages. Mro did good sold a few dollars to early and should if moved out of Ag to that. Clf did too good after holding a couple years and getting tired of it selling at highs and finally moved but correcting now. Can’t say for sure on PMs but maybe best we can hope for is side ways if it doesn’t rebound during this dollar move. Seems a lot of institutional are holding long. I heard something don’t quote me on the Fed backing off in July.
Seems some light buying going on in the few PMs I checked with some spread between bid and asks. Maybe light because of some of these insiders selling the highs last week then stoped out everyone else. So are they management or pump and dump traders?
I should check Snow the ceo of Ag or who ever was pumping couple weeks ago or so.
Feeble bounce
Trying to stabilize here at $1900 but doesn’t look like we’ll do it. Silver has zero juice. PM shares up a little.
USD up again, rates down, SM down.
Doubt today is the beginning of the end of the correction.
Elon now owns Twitter!
Looks like the thugs will be looking for another job.
I’m surprised Trump said he won’t be going back though but to a truther site. I don’t see why he can’t do both.
New Poll New Poll
Vote! Vote!
silverngold @ 16:52
Revolting!
Windmill Facts. (Stop the world and let me off. There is definitely no intelligent life left on this “green” planet!) UNBELIEVABLE!!
Windmill Facts
By: Dan Nebert
March 28, 2022
That little yellow thing at the top of the picture is a CAT-9 bulldozer. It is burying acres and acres of windmill blades used for “Green Energy.” Why?
Because these blades need to be disposed of, and there is presently no way to recycle them. That’s how green energy works! Who knew? Maybe the people that make them knew. Why would they let that cat out of the bag? After all, they are government-subsidized with tax-payer money (just like every electric cars ). Also, politicians do not want those huge eyesores in their backyard.
Right now, the average wind farm contains about 150 turbines. Each wind turbine needs 80 gallons of oil as a lubricant, and we’re not talking about vegetable oil, this is a PAO synthetic oil based on crude. 12,000 gallons of it for 150 turbines, and that oil needs to be replaced once a year. It is estimated that a little over 3,800 turbines would be needed to power a city the size of New York… That’s 304,000 gallons of refined oil per year for just one city. That’s 25+ wind farms.
Now, you have to calculate every city across the nation, large and small, to find the grand total of yearly oil consumption from “clean” energy. Where do you think all that oil is going to come from? Well, since January 2021, it comes from our enemies in the Mideast. Not to mention the fact that the large equipment needed to build these wind farms runs on petroleum. As well as the equipment required for installation, service, maintenance, and eventual removal. And just exactly how eco-friendly is wind energy anyway?
Each turbine requires a footprint of 1.5 acres, so a wind farm of 150 turbines needs 225 acres. To power a city the size of NYC, you’d need 57,000 acres; and who knows the astronomical amount of land you would need to power the entire US. All of which would have to be clear-cut land because trees create a barrier and turbulence that interferes with the 20mph sustained wind velocity necessary for the turbine to work properly. Also, keep in mind that not all states are suitable for such sustained winds. Boy, cutting down all those trees is gonna upset a lot of green-loving tree-huggers.
Let’s now talk about disposal.
The lifespan of a modern, top-quality, highly efficient wind turbine is 20 years. After that, what happens to those gigantic fiber composite blades? They cannot be economically reused, refurbished, reduced, repurposed, or recycled. So, it’s off to special landfills they go. And, they’re already running out of these special landfill spaces for the used blades that have already exceeded their usefulness. Those blades are anywhere from 120 ft. to over 200 ft. long, and there are 3 per turbine. And that’s with only 3% to 7% of the nation currently being supplied with (intermittent, i.e., unreliable) wind energy. Just imagine if we had the other 93% of the nation on the wind grid… 20 years from now you’d have all those unusable blades with no place to put them…
Then 20 years after that, and 20 years after that, and so on “Greenenergy?”
Also, about 500,000 birds are killed each year from wind turbine blade collisions, many of which are endangered hawks, falcons, owls, geese, ducks, and eagles. Apparently, smaller birds are more agile and able to dart and dodge out of the way of the spinning blades, whereas the larger soaring birds aren’t so lucky.
Here’s another problem with windmills. The generator and switching equipment operate at high power and voltage. Everything in the windmill nacelle (look it up) is compact due to limited space, so there’s a danger of arcs and electrical fires. This is prevented by putting all the electrical equipment in a pressure vessel filled with sulfur hexafluoride (SF6), a synthetic gas that has dielectric properties which suppress arcs and fires. However, windmills leak this gas, something around a pound each per year. SF6 has an atmospheric lifetime of 3,200 years and is 22,800 times more effective as a greenhouse gas than carbon.
THIS IS ANOTHER ITEM THAT FALLS UNDER THE CATEGORY OF, “GEE WHIZ, I GUESS WE DIDN’T THINK THIS THROUGH” (!!!)
ARE YOU LISTENING, AMERICA?
Maddog @ 16:13
Good for him! Not too many conservatives in Hollywood. The commies and socialists really do run the joint!
New Episode (38 min)
https://intellectualfroglegs.com
Shoulder To The Wheel
Commentary on the present World situation light hearted and on point.
ipso facto
Re James Woods
He is pretty much blacklisted out of Hollywood, but gives a damn, because he bought a load of Apple shares, way back in time and is now more than stinking rich.
LOL
Heroes come in all sizes. pic.twitter.com/x0L4FC5aIM
— James Woods (@RealJamesWoods) April 17, 2022
Maddog
I heard they wanted to have 9 and since there isn’t enough time for that they’re going to double up to .50 from .25 pts
At the same time there gonna keep printing. Wether they stick to that plan after this market drop plus their wars somehow bringing the dollar up I don’t know. From open out of control border invasions to brain dead economics anything to bleed the country.
Mr.Copper
Re the idiots and 21 % rates
exactly…they wanna give the impression that they can go there again, so all is hunky dory….but at even 5 % the debt repayment rates go mental….
All they can do is shove the mkts around to make it look OK…just like today…..but that cannot last. As u say their chickens are coming home to roost.
@ipso facto re Communists What came first, Chicken or Eggs?
Good points. Maybe communism comes from poverty first? Maybe its “engineered” by big money. In one of the many economic books I read in the 1970s, it was mentioned that the Bankers or whoever, helped or supported the Bolshevik Revolution in Russia.
Because they wanted Russia to be a communist country. Evidently, the nomadic money was planned to build up the USA, (like they did with China) and they didn’t want Russian competition with the USA. 1913 was the start of global investment in the USA. We were the only capitalist country on a socialist planet at that time.
After 1913 the USA was gradually weaned of real money and real capitalism. There is no more unfettered business activity, and no more real money. How can we have capitalism if the money or capital is fake? And in a sense, the “system” took away private owned businesses and “moved” them where they were needed to raise living standards. Ours were too good.
Remember @Seattle Sun? He called it. If you own a business in the USA you had two choices. Shut it down go bankrupt, or move it off shore. Lets not forget the EPA.
Ipso
Good points….Agree with Maddog’s insights as well…
Mr.Copper @ 12:52
No one stole those apartments. A better analogy would be if the communists came to power, seized the apartments without compensation and put the landlord into the streets.
deer79 @ 12:43
We’ll see how fast we bounce back. If we’re down for months … that’s not so good.
Maddog talked earlier about the Fed’s game. They can’t really do what they say they can, but how quickly will this be perceived?
ipso facto @ 12:42 re Indian Givers Reneg Agreements, I Agree With You 100%
Its bad, its dirty pellets, but things change. Cuba nationalized all the casinos in Cuba. I’m not the bad guy. I’m just watching the game. PS North Vietnam nationalized foreign owned property too. Lets not forget Indonesia, they on occasion give trouble to FCX.
Decades ago, I lived in an apartment 1 of about 9 in three big old houses, that the land lord lived far away, and never raised the rents. It was 1979 when a new land lord took over. I spoke to him, he mentioned, these rent prices are from the 1960s. He raised them all like double.
Thats the same thing. The long term tenants “were getting away with something” and the new landlord reneged, and “nationalized” the apartments.
Never ends
So very hard to be involved in this industry…..another kick in the teeth….
Mr.Copper @ 12:14
The communists are the ones who go back on their agreements and seize property which doesn’t belong to them.
Without foreign capitol most of those mines would never be built.
Strong Dollar Policy: US Dollar Index Over 100: Who Wins Who Loses?
A strong dollar puts “big tariffs” on foreigners’ that want to import things we export. It kills sales. At the same time, the Strong Dollar policy creates huge discount prices on anything we IMPORT from foreign nations. That kills or shuts down domestic American producers.
Heads foreign countries win tails Americans lose. LOL. Bottom line. The USA does not have a pro American gov’t of its own. But the future says, mechanically speaking, they can’t get away with all that old that anymore. Unless they want to shoot even more bullets into the dying American dream and kill it totally.