Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
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Loading ...I spent a bit of time this morning since the bugs are in getting the word out.
I guess the Fed is in turmoil trying to make things look like everythings going along just fine, nothing to see here, now rethinking their plan to lower rates for the banksters and wall street. I wonder if they were trying to hold on in case Trump wins hopefully to soften the blow that’s coming and dump a recession on him.
Franco Nevada recently took a piece of them. Big volume today. Not a recommendation to buy. Midgets can fall to 0.
Are we all happy or what? Even Silver is running wild in the streets.
took us up $4 in a micro second, and they’re continuing.
So nice to see it go the other way for a change.
Yes. Me too. I’m tapped. No NEM for me. It won’t be long before these shares are absolutely flying.
I hope the Crimex is about to implode. Kind of looks like controlled short covering here.
I wonder what this will look like when the dollar is actually getting smashed? It’s still up on the day.
Ipso – liked what Von Greyerz said about regular metrics being used for overbought conditions. Seems to me that’s what we’re seeing now.
MetalsGuy – I think the abbreviation was TAS. I aware of Tass the Russian news agency, although it been a long time since I’ve seen mention of them.
Australia seems to be firmly in the grip of the WEF cretins … witness their strong arm tactics to get people jabbed and their surveillance state being set up. No cash=no privacy. I wouldn’t bank at a place where you couldn’t go in and get cash.
The gov isn’t worried about the populace … they’ve taken most of the guns.
I agree about the phones … that’s risky.
Trading at Settlement (TAS)
Manage your settlement for existing Agricultural, Energy, Metals, and Treasury futures contracts with Trading at Settlement (TAS) order types, which allow you to buy or sell a contract at the settlement price, before the markets close.
Dealers must have been put short overnight due to the buying…..and waited to see if the mkt got crushed…it didn’t and even worse they have had to swap Crimex longs for Physical…..hence the relentless buying here…..as anyone who sold those longs is being asked to make delivery…..in 48 hrs…..
that is so tempting to fill yur boots here and wait for the dividends, to slaughter the shorts……but pretty much fully invested as of now……
Re Australia
That could turn out PM bullish, as PM’s will be the only way to keep ‘money’ outside the scum system……though the way so many are accepting having their life dependent on having their phone working, is terrifying.
That had the clamps on NEM all day trying to keep the HUI from exploding. Pretty much the same with GOLD. The two kingpins.
I don’t see them being able to keep them in the tank much longer.
The SM is in the midst of the Zimbabwe rally and has been for some time.
Good to see you calling Oil higher still….I see that well past 100 and the stox a double from here…just on TA break outs, particularly in the Stox…I follw XOP and XLE….both are breaking higher after a v decent bull flag/Hesi and XLE should break above a Triple Top on the Monthly chart going back to May ’08…..XOP has a lovely Inverted Head and shouldes base on the Monthly that supports a move to @ 300 plus…last @ 160…..Well that is the theory and if true will help PM’s big time.
What is TAS? I think the longer I’m in this the more I either forget or never knew.
4 deliveries in #silver at the comex yesterday. A massive 2,582 deliveries at the LBMA. TAS with a massive 20+ million derivative to keep price at $28. Keep an eye on TAS since comex doesn’t have the metal. $30 by end of this week? #silversqueeze pic.twitter.com/DCHG7E9OCg
— The Dude (@Thedudesetx00) April 10, 2024
Australia's Banks Are Already Refusing Cash Withdrawals For Their Customers:
"I thought it was absolutely crazy"
"How can you go to a bank and not get your own money out?"
"I thought she misheard what I wanted"
"What's in the bank if there's no cash?"
"They just said"… pic.twitter.com/1FgoRhUdvN
— Wall Street Silver (@WallStreetSilv) April 10, 2024
Using NEM. Seems right though. We bust that and we should be able to get through 280 and on up to 320 where the rubber meets the road.
Dollar ticking up a bit
Von Greyerz: Gold & Silver Are Entering Their Exponential Phase
https://www.zerohedge.com/markets/von-greyerz-gold-silver-are-entering-their-exponential-phase
but the Fed is going to buckle and cut rates in June, probably surprising everyone but JPM, Goldman and Blackrock. They need lower rates and a weaker dollar. So does the Zimbabwe stock market. The dollar is drifting lower and sure enough the algo’s were triggered to buy the SM futures.
Actually helping us too, as it should be.
I’m waiting for the shoe to drop here this am, it seems a little too controlled and quiet. PM’s almost look like a normal market. A couple months ago they would sell the open. No idea what they’ll do today.
European Parliament Approves Controversial Migration Pact; Furious Nationalists Vow To Bring It Down After EU Elections
and maybe there was some monkeying around with the numbers showing them not to be as bad as maybe they really are? ZH notes that the is a 1.6% decline in energy costs MoM. I haven’t seen any decline in gasoline prices at all, in fact they’ve been up since last month. But I digress….
Fortunately pm’s are up 1/2% and seem to be trying to figure things out. Dollar is flat, rates down 2 ticks. SM futures up a little, Bitcoin flat.
Pretty much a vanilla reaction, hopefully the bulls take charge. I think we can expect a raid or three at some point, either before the SM opens, just after, but they will come. They always do.
For now, just happy we’re not getting creamed.
Franco-Nevada Launches 2024 ESG Report and Asset Handbook
Alamos Gold Stock Sees Relative Strength Rating Shine Brighter; Hits Technical Benchmark
Torex Gold Reports Q1 2024 Production Results
Emperor Announces Final Results from 2023 Exploration Campaign and Strategic Insights for 2024 at the Duquesne West Gold Project
Gold Terra Announces $2.5 Million Private Placement, with Eric Sprott as a Lead Investor
Dryden Gold Announces Ontario Junior Exploration Program Grant at Gold Rock Camp
G Mining Ventures Provides Tocantinzinho Project Update
Gold79 Announces Private Placement Financing of up to $1,000,000 and Share Consolidation
Peruvian Metals Corp. Closes Acquisition of 50% Interest in San Maurizo Mines Inc.
https://ceo.ca/@newsfile/peruvian-metals-corp-closes-acquisition-of-50-interest
Independence Gold Provides Update for the 3Ts Project, BC
https://ceo.ca/@newsfile/independence-gold-provides-update-for-the-3ts-project
Terra Balcanica Provides Exploration Activities Update on High Grade Silver and Gold Targets at Viogor Zanik Project in Bosnia
https://ceo.ca/@globenewswire/terra-balcanica-provides-exploration-activities-update
Seabridge Gold Announces 2024 Corporate Objectives
https://ceo.ca/@newsfile/seabridge-gold-announces-2024-corporate-objectives
Orezone Reports Q1-2024 Gold Production
https://ceo.ca/@globenewswire/orezone-reports-q1-2024-gold-production
Mako Mining Reports Fourth Quarter and Full Year 2023 Financial Results, Including Q4 EPS of US$0.145 /share and Q4 Gold Sales of 13,481 Oz at $817/oz AISC
https://ceo.ca/@accesswire/mako-mining-reports-fourth-quarter-and-full-year-2023
Maritime Samples 1.37 gpt Gold over 107.8 Metres at Pine Cove and Provides Update on Activities at Point Rousse
https://ceo.ca/@newsfile/maritime-samples-137-gpt-gold-over-1078-metres-at
Collective Mining Reports High Concentrate Grades from Metallurgical Work on Apollo of 30.5% Copper, 1,280 g/t Silver and 28.7 g/t Gold
https://ceo.ca/@newswire/collective-mining-reports-high-concentrate-grades-from
Nord Precious Metals Settles Shares for Debt
https://ceo.ca/@thenewswire/nord-precious-metals-settles-shares-for-debt
Lode Gold (Formerly Stratabound) Initiates Work to Investigate High-Grade Underground Potential at Fremont on the Prolific Mother Lode Belt, ~500 km from Equinox Gold
https://ceo.ca/@newsfile/lode-gold-formerly-stratabound-initiates-work-to
LUNDIN GOLD REPORTS Q1 2024 PRODUCTION OF 111,572 OUNCES OF GOLD
https://ceo.ca/@newswire/lundin-gold-reports-q1-2024-production-of-111572-ounces
Lahontan Gold Announces $3 Million Private Placement of Units
https://ceo.ca/@newsfile/lahontan-gold-announces-3-million-private-placement
Dynasty Gold Appoints E. Max Baker Technical Board Director and Updates on Drill Plan
https://ceo.ca/@newsfile/dynasty-gold-appoints-e-max-baker-technical-board
GGL Identifies a 1.8 km by 1 km Induced Polarization Anomaly at the Le Champ Copper-Molybdenum-Gold Porphyry Target, Gold Point Project, Nevada
https://ceo.ca/@accesswire/ggl-identifies-a-18-km-by-1-km-induced-polarization
Granada Gold Mine Unveils High-Grade Flow Sheet, Poised to Become Low-Cost Gold Producer on Cadillac Break
https://ceo.ca/@thenewswire/granada-gold-mine-unveils-high-grade-flow-sheet-poised-7b7f7
Silver Spruce and Partner Colibri Resource Announce Receipt of SEMARNAT Environmental Permit, Land Access Agreements and Mobilization for 2024 Core Drilling Program at Diamante Au-Ag Project, Sonora, Mexico
https://ceo.ca/@accesswire/silver-spruce-and-partner-colibri-resource-announce
we’re bouncing a bit this am but I’d expect that will be temporary?
Not sure, but it’s hard to see the numbers being favorable to pm’s or the SM. Hard to underestimate the scum and their desire to kill this rally.
We are in a raging bull, so whatever hit we may take will hopefully be snapped up by the momentum players who now seem to be on our side.
