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The Busiest RR intersection in the world.  (No flash-crash here!)

https://railpictures.net/photo/788058/

“Citigroup Inc.’s London trading desk was behind a flash crash in Europe that sent shares across the continent tumbling after a sudden 8% decline in Swedish stocks. The sell off was triggered by a large erroneous transaction made by the U.S. bank’s London trading desk, according to people with knowledge of the matter who asked not to be identified discussing private information. A knee-jerk selloff in OMX Stockholm 30 Index in five minutes wreaked havoc in bourses stretching from Paris to Warsaw toppling the main European index by as much as 3% and wiping out 300 billion euros at one point.”
Bloomberg, Citi’s London Trading Desk Behind Rare European ‘Flash Crash’, 2 May 2022

https://www.zerohedge.com/news/2022-05-02/united-states-gono-note

Expect to see much more of this. That IMO means that the money in the ETF’s is a huge slush fund being used to control the markets so it is predictable to those “in the know” what the markets will do….and at the end of the day the ETF’s will delist, call it quits, and leave you holding that empty bag, just when you thought you were rich. But WTHDIK!

https://www.scotiaitrade.com/en/home/investment-types-products/commission-free-etf.html

Has anybody heard of the Ford Explorer recalls? For a software update? Because of electronic parking brake? that can let the car roll? What happens you wake up one morning with a dead battery and the parking brake was left on? Can’t be towed. A complicated procedure to over ride it.

I’m hearing about new toaster ovens with auto shut off feature if you open the door? Who the hell wants THAT?? The whole system is filled with welfare. And people can no longer afford to spend money on things they don’t need.

The other day a big PTB story about how we don’t really need to spend money on vitamins. I guess the PTB are getting concerned about consumers because gasoline and food etc is higher, I guess the gov’t wants people to save money. And businesses that sell stuff that nobody needs, should go out of business. Its going to be a survival of the most important businesses.

Parts sept 2016: Computers, phones, and other digital devices increasingly are made to be thrown away—which is bad for both consumers and the environment. Apple has already sold millions of the new iPhone 7, which started shipping this month. For many who bought one, the device replaces a perfectly good, recent model.

And so people replace things: smartphones, tablets, phablets, laptops, LEDs, LCDs, DVD players, portable music players. Whether from breakdown, slow-down, or just the availability of a newer model, people discard electronics at the slightest inconvenience. It’s not just laziness or a lust for the future, either; the economics of gadgets encourages disposal. In some cases, for example, buying a new printer is cheaper than buying a set of new ink cartridges.

The widespread use of semi-conductors and entrance of new players from Brazil, China, and India has made the manufacturing of portable devices relatively inexpensive, and the difficulty, inconvenience, or high cost of repair has made new purchases more economical.

More:

https://www.theatlantic.com/technology/archive/2016/09/the-global-cost-of-electronic-waste/502019/

Comment: Re Chip Shortage holding up mass production of cars?? Are you serious? The factories can build entire cars faster than these tiny chips? That means they are not practical to be used in cars. And should be kept to a minimum.

“Disinformation” is Just a Boot in Your Face

“Disinformation” is Just a Boot in Your Face

Some miners year to date still in the money,

SMPR+58%, HYMC+129%, KRRGF 49%, MNDJF+44% AUY+ 25%, BVN+ 25%, SSRM+ 24% RGLD+ 23%, plus others.

Ten year Bond today 2.98% with Gold at $1866. The rate was this high 3% back in 2018, and Gold was $1200. So far the higher rate is looking impotent relative to spot Gold.

“Recession is here”

Yeah I think so too … eventually to morph into a depression.

At leas the PM shares have come back quite a bit so far. Fingers crossed.

I prefer not to use stops. Don’t want to lose my positions in front of a big run up. Notwithstanding what’s been happening, our set up going forward couldn’t be better.

Cheers

As they were crashing for a few years, PMs started climbing and I assume we helped the index numbers climb and the regular stocks started following us up. The Idiot Dollar was peaking up on 120. Thats when I KNEW they had to drop the dollar from 120, and I stopped working and started buying PMs. It was a great 12-14 years after that.

We may be having a similar situation. The Stock market was a stale old bubble starting to roll over before 2016 and Trump kept it going a few more years, of found money for them. Well the Indices might finally be starting a multi year correction for being over priced, and the PMs may be ready to start a new strong uptrend for being under priced too long relative to spot gold.

This chart shows the dot com SnP crash in 2000, and again the financial crisis in 2007 to 2008. And the following an obvious SnP Rhyno Horn formation. We all know how they play out.

Postscript Document (mrci.com)

If Russia backing the Ruble with gold doesn’t end up helping the gold price, I’m not sure what it will take other than the Crimex closing.

We have some work to do to get back to flat on the day, not sure we’ll make it. I thought gold might snap back a little faster than it has.

10 yr about to eclipse 3% – no help. USD up again too.

and then we have the economy slowing and housing slowing with it. Recession is here.

Probably more times than we counted. That’s why it’s better to just set a stop and stop out.
Not so much the price getting back in but price of not getting out and then your either a hostage or your gonna lose even more. And your mind with it lol hopefully it’s close to the next WCS.

Trafigura Group and Zimbabwe’s government have discussed a deal that would give the commodities trader control over output from some of the nation’s biggest mines as repayment for debts, documents seen by Bloomberg show.

Under the agreement, Trafigura will be paid $225.6 million by nickel- and gold-mining subsidiaries of state-run Kuvimba Mining House Ltd. for fuel bills Zimbabwe owes Trafigura on contracts dating back to 2016, the documents show. Zimbabwe’s government was represented by the Finance Ministry in the agreement.

Trafigura seeks control of Zimbabwe’s metals for unpaid debts

Canada’s Sandstorm Gold (NYSE, TSX: SAND) is growing in scale and size with the acquisitions of one royalty company and an extensive package from another for a combined total of $1.1 billion.

The company said on Monday it had agreed to buy Nomad Royalty in an all-share transaction valued at $590 million (C$755m) and agreed to acquire nine royalties and one stream from BaseCore Metals for $525 million in cash and stock.

Sandstorm Gold buys two royalty firms for $1.1 billion

California Expands Medi-Cal To Adults 50 And Older, Regardless Of Immigration Status

https://www.zerohedge.com/political/california-expands-medi-cal-adults-50-and-older-regardless-immigration-status

I’m looking forward to the last intervention in the gold and silver market. Crimex will default at some point and though some think this will be a non event I think it is the end of their power over us. Russia and perhaps China using gold to back their currencies will be a factor as well.

“I’m calling the bottom right here, but might be good for just a bounce.”

Sounds good to me! My bruises have bruises!

https://www.the-sun.com/news/5236303/putin-undergo-cancer-operation/

Yes, distrust of the institution of gov’t. in general.

We’ve seen these kind of moves for 2 decades now. Simply amazing that we can go from bull to bear inside a week and see the HUI drop 60 pts – 20%

I’m calling the bottom right here, but might be good for just a bounce.

How many years have we watched the PPT-PTB pummel gold and silver? How much money have we lost to this underhanded paper game? As a result I think few of us had much trust in government … so when the “vaccines” came out we were already skeptics of government policy and as a result few here lined up to take the jab. Much of our trust in government was gone and it turns out that that is a fortunate thing!

Obviously The Rig isn’t the only reason to distrust the gov but for gold and silver investors especially it is a big factor.

New Gold Reports 2022 First Quarter Results

https://finance.yahoo.com/news/gold-reports-2022-first-quarter-103000803.html

AGNICO EAGLE ANNOUNCES ACCEPTANCE BY TSX OF NORMAL COURSE ISSUER BID

https://finance.yahoo.com/news/agnico-eagle-announces-acceptance-tsx-123000257.html

OCEANAGOLD REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS

https://finance.yahoo.com/news/oceanagold-reports-first-quarter-2022-200000285.html

Benz Mining Reports Multiple Spodumene Pegmatites Intersected in Maiden Drill Program at Ruby Hill West

https://finance.yahoo.com/news/benz-mining-reports-multiple-spodumene-131900599.html

Blackrock Announces Tonopah West Maiden Stope Optimized Resource Estimate; 2.9 Million Tonnes Grading 446 g/t AgEq for 42.6 Million Ounces AgEq

https://finance.yahoo.com/news/blackrock-announces-tonopah-west-maiden-100000983.html

Canadian North Resources Inc. Announces Financial Results for the Year Ended December 31, 2021

https://finance.yahoo.com/news/canadian-north-resources-inc-announces-110000988.html

Endurance Doubles The Size of The Reliance Gold Property, B.C.

https://finance.yahoo.com/news/endurance-doubles-size-reliance-gold-111500678.html

Mayfair Gold Reports 1.31 g/t Gold over 78.3m within 134.2m at 0.93 g/t Gold from Fenn-Gib Expansion Drill Program

https://finance.yahoo.com/news/mayfair-gold-reports-1-31-120000292.html

Gatling Announces ISS and Glass Lewis Recommend Voting FOR the Proposed Plan of Arrangement with MAG Silver Corp.

https://finance.yahoo.com/news/gatling-announces-iss-glass-lewis-123000494.html

ASTRA DRILLS MULTIPLE GOLD INTERCEPTS INCLUDING 14.48 G/T GOLD OVER 3 METRES IN MAIDEN DRILL RESULTS AT PAMPA PACIENCIA PROJECT, CHILE

https://ceo.ca/@newswire/astra-drills-multiple-gold-intercepts-including-1448

West African Gold Explorer & Developer, Sarama Resources, Lists on ASX, Raises A$8M

https://ceo.ca/@accesswire/west-african-gold-explorer-developer-sarama-resources

White Metal Intersects 267 Metres averaging 0.71 g/t Au at the Bench Zone, Tower Mountain Gold Project, Ontario

https://ceo.ca/@newsfile/white-metal-intersects-267-metres-averaging-071-gt

the mother of all turnarounds today. Not likely to happen but that’s how this will end – with a spike down and intraday rebound.

They’ve turned all the bullish charts bearish, so one more time the breakouts have failed.

The baby pushing the other baby through the doggy door is what you call sibling team work.

Santa Fe shorty
https://railpictures.net/photo/788062/

Relating 

Fruitful 

Awe 

Loneliness 

Tradition 

Tenacity 

Honor 

Accomplishment 

Perseverance 

Companionship 

Beauty

Caring