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Emoji Crew
https://railpictures.net/photo/831697/

Greg Hunter and Martin Armstrong discuss economy, politics, and diseases.

Greg pretty much controls himself.

Landslide Trump Victory in 2024 – Martin Armstrong

What will be the high for silver in 2024?

over $30 (55%, 16 Votes)
$24 to $25 (10%, 3 Votes)
$27 to $28 (10%, 3 Votes)
$28 to $29 (10%, 3 Votes)
$25 to $26 (7%, 2 Votes)
$26 to $27 (3%, 1 Votes)
$29 to $30 (3%, 1 Votes)
Total Voters: 29

That’s just peachy. Tick Tick

Iran is now a ‘legitimate target’ for Israeli missile strikes, senior minister says

https://news.yahoo.com/iran-now-legitimate-target-israeli-172253416.html

pic.twitter.com/S4FCncQRze

— illuminatibot (@iluminatibot) January 24, 2024

Course, the problem with futures is you can’t sell gold or silver for that price. Even so, you don’t see action like that in any other market where something breaks out to new highs and then reverses. That happens in this sector every single time.

The problem with the miners is earnings, their assets in the ground don’t matter unless they are an explorer. The problem with explorers is they are a crapshoot. Ipso does as well as anyone I’ve seen at picking them, but 98% of them are garbage.

PM shares were good until 2006, the metals were good until 2011. That was the time to get out and stay out. They are not a safety play or even a conservative play, they are a speculative money pit. The safe bets are large cap tech and pharma stocks because that’s where all the big money is. They’ve gone up endlessly for 13 years. The QQQ’s are up 10 fold. Gold would literally have to go to 20K and silver to $200 just to keep pace.

The biggest foolishness was to ever think the dollar would collapse.

and no, physical metals will not save us, if we get to that point, we’re all starving and we can’t eat it. Can’t believe I fell for such bullpucky.

Skyrocketing Gold/Silver Ratio Suggests Stormy Economic Seas Ahead

(USAGOLD – 1/24/2024) Gold prices were up earlier this morning but have since reversed. Investors are exercising caution as they await crucial US economic data, including the Q4 GDP announcement on Thursday and the Core PCE Price Index release on Friday, which will provide more clarity on market direction.

Gold is trading at $2025.57, down $3.71. Silver is trading at $22.67, up 23 cents.. The gold/silver ratio is a financial metric that compares the relative value of gold to silver, indicating how many ounces of silver it takes to purchase one ounce of gold. Historically, this ratio has fluctuated, reflecting various economic and market conditions.

The average gold/silver ratio since the year 2000 is approximately 65:1. When the gold/silver ratio exceeds 90:1, it often signals turbulent times ahead. In recent years, the ratio was above 90:1 during the COVID crash of 2020 and the March Bank Failures of 2023.

This high ratio typically indicates that investors are favoring gold over silver, which is often seen as a less stable investment. Gold is traditionally viewed as a safe-haven asset during times of economic uncertainty, political tensions, or financial instability. Therefore, a significantly high gold/silver ratio can be interpreted as a lack of investor confidence in the economy, suggesting that investors are bracing for potentially challenging economic conditions.

You were right about giving up yesterday’s highs today. I used the chart below that shows an intraday high of $2152, on Dec 4th. Put the mouse on that day bar and look at the top. On that same day it closed down at $47.50.

Opened at $2094, high $2152, low $2038 and closed at $2042.

https://finviz.com/futures_charts.ashx?t=GC&p=d

Silver yes is now an industrial metal. Plus its a byproduct of other miners. maybe Silver’s price is where it belongs? 23 times where it was. Gold was I think $140 back in 1975 so $140 times 20 it should be $2800. Pretty much everything is 20X more from that era.

The big problem is with the shares. There was a guy on tv last week talking about that and recommending them because they are soooo undervalued. I think they’ll come back strong some day. Anybody that bought physical gold back in 2008 at aroud $800 is doing ok.

Gold never hit $2150, nor has it been above $2100.

Careful patting yourself on the back for correct calls, the pm market makes fools of market mavens because it’s a rigged market. Don’t be so sure they won’t take it back below $2K either, they always take this stuff lower than anyone thinks possible. The banksters have a lot of paper shorts on the table now and they will make money on them, they always do.

I disagree about silver, at least where the shares are concerned. Silver tracks the HUI better than gold and it always has.

Silver is kept in the tank because of its industrial uses, to keep tech widgets cheap. Supply and demand are meaningless. Foreign demand for gold is also meaningless. Paper has always controlled the price of both metals.

I am not by any means hoping that the metals go down, nor am I patting myself on the back for saying we’d give yesterday’s gains back today. We just always do.

This is a sucker’s game and goldbugs are the marks.

I’ll crawl back in my hole now.

Texas Military Department Not Allowing Border Patrol to Cut Wire in Shelby Park

The Texas Military Department will not allow the border patrol to enter Shelby Park in Eagle Pass to cut the razor wire on the border.

The state took over Shelby Park, a public park on the Rio Grande, due to the lack of federal security on our border.

The Supreme Court decided 5-4 to vacate the injunction that prevented the agents from cutting the wire installed by Texas.

https://legalinsurrection.com/2024/01/texas-military-department-not-allowing-border-patrol-to-cut-wire-in-shelby-park/

I don’t think Silver is the key anymore. Its been lagging gold a long time. If anything, I think gold going higher will drag silver up.

Re your “we’ve been on lockdown for the last 13 years” that trend bottomed in early 2016, and I called it back then at $1160.  The next bottom $1622 I called it was around Oct 2022. The most recent low was around $1845 in September October. and I called that bottom too. And that break out to $2150, convinced me Gold will continue higher above $2100 and we’ll probably never see it below $2000 ever again. Unless the idiots raise rates to 10% plus.

https://finviz.com/futures_charts.ashx?t=GC&p=m

re Gold bash

The scum/Fed are forever doing it….check out hrly charts and u can see these sudden 10 or 20 dollar drops….for no reason, except to slow the overall rise….they do the same in Oil…but that is much harder to keep under control being a proper spot mkt and if prices get hit, consumers take delivery.

Re au up o/n …that I think is the Chinese…they are dumpimng stox and buying Gold, as they see bad times coming.

So the idiot scum/Fed are selling futures, against physical buying, by over nearly 1.5 billion people …that should work out real well.

I think you are right. I’ve seen that happen a couple of times, like before US bombing in the middle east. TPTB can’t win, because they already lost it. Especially after Trump got elected. I think Gold will pop over $2100 and never look back. Plus the Fed will probably drop rates because of commercial real estate way under water.

I’ve also noticed Gold going up thru the night, and when NY opens they bash it down. Those idiots can’t scare me. 🙂

“comments” That’s encouraging! The MSM has lost control of the news. People are finding out the truth and it’s opening their eyes. Bad juju for the WEF.

Hard to fathom the drop while dollar is tanking. Maybe the fed know something gold positive is in the works so they are giving it a pre-emptive smash before the news???

Dog

That article about Heart attacks in the UK, was in the Daily Mail…..it had 1.2 K comments under it and the vast majority blame the vaxx….word is getting around fast, despite all ‘their’ efforts.

Even with the dollar getting smashed.

Pretty tough to call a bottom in a bottomless pit.

Heart Attack Rates Among Young Have DOUBLED: https://t.co/6uH2OCUWfZ

— illuminatibot (@iluminatibot) January 24, 2024

Our latest Napkin Math for @SnowlineGold is now available!. We have provided updates for Rogue and Gracie.
Link: https://t.co/UhRXbz25Oe$SGD #Mining #investing #Mintwit #Gold #Silver #TSXV #TSX pic.twitter.com/94HVDNPAgf

— Mining Explained (@MiningExplained) December 7, 2023

https://twitter.com/LibertyCappy/status/1749986402790768949