Mr Copper 17:05
It was about that time they started importing people from over the border too.
I’m surprised the company’s then didn’t start complaining to Congress about it affecting their earnings. Apparently they are worried about it now than they were then.
On the other hand companies that were hiring imports for cheaper laborers then subsidizing them with welfare were also a big or bigger problem that caused a domino effect on the economy and quality of life Demands on resources, schools, hospitals, housing, wages, crime and then our elections.
Maddog
Seems to me the fuse is already lit and all we have to do is wait.
The USA and the West do not have control over all the variables.
ipso facto
Re ETF’s
I have always thought that the Bullion ETF’s would be the catalyst that blows the prices through the roof. We have already seen how the unallocated system was abused by the Banksters…they got away with that one….However the amount of metal the ETF;s supposedly have is way bigger than the unallocated scandal. There is just no way they haven;t cheated, as that is all they do, lie and cheat.
So not only would they be tempted to cheat, they were/are probably under orders from the scum, to do so.
US Mint Silver Eagles Now, Are $38 or $18 Over Spot or 90% more. Spot now $19.90 + $18 = $38/Coin
So in my view, spot $19.89+$10 = $30/oz. is scrap. To be melted shaped or prepared for industrial use.
goldie@8:04
Thanks.
and then you look at the price of silver … hmm the usual fishiness going on
As Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
Dealers offering to buy Silver Eagles for spot + $10!
AEM beats estimates
Agnico Eagle Mines Q3 Adj. EPS $0.52 Beats $0.46 Estimate
I checked volumes after the close and there was a lot of volume that came in both AEM and NEM in the last hour AEM was heavy and NEM ended above average.
Crude oil and products.
Looks like a H&S bottom forming in crude and refined products.
Cotton had a poor crop and the price has been in a free fall.
Diesel inventories are extremely low.
The electrical grid is old and fragile. Hasn’t kept up with demand expansion.
Covid screwed up food processing.
What could possibly go wrong?
Fiber
Anyone else seeing lots of fiber optic cable being installed?
Tons and tons of it has been going in all over my county and the next.
goldielocks @ 14:40 re your: “Think about it, how many of these fools in office right now would be there”
If Americans were smarter and patriotic. In 1969 my cousin Joan bought a 1969 Toyota Corola. Two other friends bought VWs. Then another couple EACH bought new Fiats. I saw the future immediately. They ate the apple. They took the bait.
Its too late now to be concerned. Then after 1984 they all bought Sony TV sets. And you know the rest. Machinery, tools, coffee mugs etc. Unfortunately they all didn’t know what they were doing when they gleefully bought imports. They sold themselves out. There was nobody smart or patriotic enough leading the nation thru TV and Media.
Screw the seat belts screw the smoking, it should have been screw the imports, number one.
Maddog @ 15:25
You think the silver ETF’s will blow up first? I’d be amazed if they hold more than a fraction of what they’re supposed to!
It’s about time the silver miners made a few dollars!
Not a bad close
thought we might get hit with the SM.
Shares are up on light volume FWIW.
USD hammered for 2nd day in a row, probably a bounce coming?
I was wrong about the GDP report, guess it comes out tomorrow. Fed meeting next week.
Hoping we’ve seen the bottom, but every time I do, we head back down.
From another site: 2 minutes of truth!
Some wise words here. Wake up people. The Great Reset , led by the World Economic Forum is underway. This man is straight to the point. Take time to listen 👊 pic.twitter.com/8O2yEFfpsU
— 🦘BigJim⚠️🍻 (@AussieJim11) October 18, 2022
Ipsofacto
Re Silver
Maybe for once the scum made a mistake allowing ETF’s in PM’s….as u do not have to be Sherlock Holmes to look at what any ETF supposedly has and then check the Inventory, where they supposedly hold their silver.
Mr Copper
I think they should eliminate the party’s. Think about it, how many of these fools in office right now would be there if they didn’t have a D in front of their name. Same for some of the R’s.
Not only that it’s morphed into what moderate and extreme to out do each other at this country’s expense. It’s turned into a gang of the reds and the blues which is also a side tract of the the issues. Like Martin Luther said not to judge them by their color but the content of their character.
If they took the Blue and red out of it and each was on their own merit most of these fools in government would of never been elected.
ROUBINI sez “Buy Gold”
Perfect STORMS DEBT,Inflation,ECONOMY RECESSION THEY TALK TOUGH,BUT BANK OF ENGLAND JUST “blinked”..DOLLAR must go down …..if they want to avoid a Perfect Storm…of DEBT DEBT DEBT
3 places to hide 1.Short term Treasurys, 2.TIPS… 3. Gold !
Richard
Sometimes I wonder if they’re trying to bring it up as high as they can so when it falls it won’t go back as low as it was before. That they never expected to stay high. I do hope they have enough sense not to bring rates to zero again.
But the demos are running counter trying to bring down inflation running that printing press on over time causing them all sorts of trouble with the economy trade and businesses. I’m sure they asked them to cool things down before the election while these demos keep on plucking the remaining feathers of what they think is the golden goose. The thieves got the keys to the cash register and the Golden money making machine.
Now the Feds want to buy back treasuries to try to avoid the crash?
Goldbugs wet dream=
Roubini Warns Of Imminent Dollar Crash: The Fed Is Going To “Wimp Out” In The Inflation Fight
“…if central banks are going to blink and wimp out, gold is going to rise…”
Re COMEX SILVER, Try To Find A Photo Of What You Get When Taking Delivery
I didn’t have any luck trying. I have to assume the $19.60 price today is scrap jewelry, silver spoons, tea sets industrial scrap etc for smelters to take delivery. Because retail Silver is $33/oz spot+72% for junk silver, and $29/oz spot +48% for 999 bars.
You can add COPPER to that also. COMEX price $3.53/lb is bullshit, delivery HAS to be scrap wire factory scrap etc. Because retail Copper 1 oz coins are $2/oz $36/lb. I priced a 36X96’X.063 sheet of Copper metal it came to $53/lb.
Try to find a photo of what you get, if you stand for delivery of Silver and Copper. You will be pissing up a rope.
P.S. Maybe we will be run good until election day. Then the pro-global democrat smart ass kids running Fed will run rates back up?? They have been in charge for decades. Even half the republicans are like democrats. Its been a uni-party. Back in the day (gun control act of 1968) a Vietnam survivor friend to me, “It doesn’t matter who you vote for, its always the same gov’t.” Even Papa Bush alleged republican signed of on the Assault Weapons ban
11 yr old girl Uk
Another one I see at least two a day healthy just suddenly died.
‘Phenomenally Bright’ Young Girl Dies Just Weeks After Starting New School
The PM Rig
For any who still doubt that there is manipulation in the PM markets:
Tamping Down ‘a much worse situation in the SILVER market’.
As an article on the legal website JD Supra, written by K&L Gates LLP and Michael G. Lee explains why it is so important to have realistic position limits. It also raises some questions on why the CFTC raised position limits for gold and silver in April 2020 and February 2021, respectively, and in doing so made it easier for ‘unduly controlling’ those markets:
“The CEA [Commodity Exchange Act] empowers the CFTC to limit the number of derivative contracts that can be owned by any one person or group in order to prevent derivatives from being used to exercise undue control on a market, which can cause sudden or unreasonable fluctuations in price.
Furthermore, through the Dodd-Frank Act, Congress charged the CFTC to update its regulations on position limits to prevent excessive speculation and manipulation while ensuring sufficient market liquidity for bona fide hedgers and protecting the price discovery process.”
Or will the CFTC maintain the 3000 contract position limit, so as to allow the silver price to be tamp down, as the CFTC’s chairman Rostin Behnam said in March 2021. And I quote:
“And in many respects, the resiliency and the market structure of the futures market were really able to TAMP DOWN what could have been a much worse situation in the SILVER market.”
See actual video segment here also:
COMEX Deliverable Silver Far Less Than Imagined As 50% Of “Eligible” Is Not Available | ZeroHedge
The vaccine
Another thing that’s interesting is all of a sudden all these kids dropping dead with few having someone close by to save them are being diagnosed with a undiagnosed heart condition. They’re covering it up now. The parents can’t even get justice not to mention covering it up those who didn’t get the memo are still in the dark.
goldielocks
I’d love to see investigations of bribery but doubt it’s going to happen. Hope I’m wrong.