Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...Thanks for the reassurance. I certainly hope you’re right and that Ascot’s action is just part of the industry wide suppression. I have been involved with other companies notably Pure Gold Mining who’s mine start up failed … probably not the situation here. Everything’s crossed!
I sure wish the management would say SOMETHING! Yea or nay … the truth would be nice.
I wouldn’t worry about it. They are all getting slaughtered because the assholes that run the asset managers are giving their tech buddies helping with the takeover all the money.
That is going to stop when the tech bubble implodes. They think they are bigger than market forces and they are wrong. The transition from growth to value is already underway and it will pick up steam going into next year.
PMs are at the leading edge of that transition.
This is like buying in 2000. A few bumps at first while liquidity was a problem but then the Fed panicked because they are out of a job if deflation shows up for more than about a week.
So don’t worry.
Chill
Ascot is killing my PF. They announced their first pour on April 22 and are in the process of bringing their Premier Gold project into commercial production. For the past few weeks their share price has been getting slaughtered … suggesting that all is not going well with the start up. Management has not uttered a peep. Don’t the shareholders deserve some sort of statement? At this point I will just hold on but I can say I’m not a happy camper.
Or just get silver and gold in hand and enjoy the peace and serenity of life.
Yes it’s co-0rdinated with the likes of Blackrock, da banks, etc.
And as alluded to earlier, we do have an open interest overhang still in the trade.
Jack Chan shows where the corrections started.
Jun 27, 2024 This past week in gold Jack Chan 321gold …inc …s
If the diamond in gold is broken off a hot PCE tomorrow, which is likely the cabal’s plan, then you could see a deeper correction, taking gold back to the $2150 area, and silver to $26ish.
The “better traders” know this, and they are positioning.
How long such a break lasts is anybody’s guess, but I am sure the cabal is hoping it lasts all summer.
Who knows but I don’t think that would be the case given the Chinese et al. will not be taking the pressure off either – it’s war.
I would hope it’s quick.
Cheers
Yeah, I see. Granted the dollar is inching higher but this is the third hit on silver in the first two hours and every time, the shares weaken just a little further from their highs of the day.
It’s a game that goes on all day, every day. Sucks
You are right … the commies are sitting their fat arses on silver in particular because there are still speculators long that can be purged.
Metals Daily Exchange Volume & Open Interest – CME Group
But as can be seen in yesterday’s numbers, they are now coming down fast, where the market will soon be in a position to rally once again.
Especially with the continuing arb to the East driven by a $4 premium in Shanghai.
Nobody knows when one of da boys in the Western cabal will break ranks in the shorting game they continue to perpetuate – but when that happens – there will be a rush to cover with the metal to derivatives ratio now at 400 for silver.
Hang on to your jock straps folks.
It’s coming
… are so low in Western countries … why exactly do they need to have CBDC’s?
Visualizing The Death Of Cash Transactions Around The World | ZeroHedge
Canada is only 6% yet the commies in charge can’t wait to abolish cash.
Tells me it’s control over the population is the real reason.
The evidence is clear.
Cheers all
here comes the omnipresent selling.
Because nothing says “stay away” like selling every rally
BREAKING NEWS
THE LONDON METAL EXCHANGE IS EXPLORING SETTING UP ITS FIRST WAREHOUSE IN HONG KONG AS IT SEEKS TO STRENGTHEN SERVICES TO CLIENTS IN CHINA
LA PAZ, Bolivia (AP) — Led by a top general vowing to “restore democracy,” armored vehicles rammed the doors of Bolivia’s government palace Wednesday in what the president called a coup attempt, then quickly retreated — the latest crisis in the South American country facing a political battle and an economic crisis.
Within hours, the nation of 12 million people saw a rapidly moving scenario in which the troops seemed to take control of the government of President Luis Arce. He vowed to stand firm and named a new army commander, who immediately ordered the troops to stand down.
Soon the soldiers pulled back, along with a line of military vehicles, ending the rebellion after just three hours. Hundreds of Arce’s supporters then rushed the square outside the palace, waving Bolivian flags, singing the national anthem and cheering.
The soldiers’ retreat was followed by the arrest of army chief Gen. Juan José Zúñiga, after the attorney general opened an investigation.
I’ve no doubt that under Biden’s open door policy we have allowed thousands of potential terrorists and saboteurs into our country. This is going to bite us in the ass in the future. I’m all for mass deportations … take away the incentive for people to come here and a lot less will do it.
Red Pine Intercepts Significant Mineralization at the Wawa Gold Project, including 3.10 g/t gold over 16.61 m including 40.20 g/t gold over 1.00 m
https://ceo.ca/@globenewswire/red-pine-intercepts-significant-mineralization-at-the-74642
North Peak Announces Drill Mobilization to Prospect Mountain and Results from Sampling Campaign on High Grade Historic Mines
https://ceo.ca/@newsfile/north-peak-announces-drill-mobilization-to-prospect
Seabridge Gold Reports Bronson Slope Resource Estimate at its Iskut Project in BC
https://ceo.ca/@newsfile/seabridge-gold-reports-bronson-slope-resource-estimate
Founders Metals Extends Froyo Zone with 24.0 Metres of 5.06 g/t Gold
https://ceo.ca/@newsfile/founders-metals-extends-froyo-zone-with-240-metres
GR Silver Updates the Bulk Sampling Test Mining Program at the Plomosas Project
https://ceo.ca/@newswire/gr-silver-updates-the-bulk-sampling-test-mining-program
Abitibi Metals Completes B26 Gravity Survey
https://ceo.ca/@thenewswire/abitibi-metals-completes-b26-gravity-survey
Renegade Gold Closes $3m Private Placement of Units and Flow-Through Shares
https://ceo.ca/@newsfile/renegade-gold-closes-3m-private-placement-of-units
Coeur Reports Continued Positive Results From Kensington’s Multi-Year Exploration Program
https://ceo.ca/@businesswire/coeur-reports-continued-positive-results-from-kensingtons
Aston Bay Announces Planned Exploration Program at its Epworth Sediment Hosted Copper-Silver-Zinc-Cobalt Project, Nunavut, Canada
https://ceo.ca/@accesswire/aston-bay-announces-planned-exploration-program-at
Amex Finds New Lens of Gold Mineralization in Deepest Drilling to Date in Western Gratien Gold Zone and Provides Update on Resource Estimate
https://ceo.ca/@newsfile/amex-finds-new-lens-of-gold-mineralization-in-deepest
Lake Victoria Gold Provides Update on Acquisition of Imwelo Project
https://ceo.ca/@newsfile/lake-victoria-gold-provides-update-on-acquisition-of
Almadex Announces Corporate Update
https://ceo.ca/@globenewswire/almadex-announces-corporate-update
Almaden Announces Litigation Financing of up to US$9.5 million; Streamlines Arbitration Management
https://ceo.ca/@globenewswire/almaden-announces-litigation-financing-of-up-to-us95
Sun Summit Announces Non-Brokered Private Placement of Flow-Through Units and Non-Flow-Through Units
https://ceo.ca/@newsfile/sun-summit-announces-non-brokered-private-placement-8f1fe
Gold Reserve Provides Update on Previously Announced Private Placement
https://ceo.ca/@businesswire/gold-reserve-provides-update-on-previously-announced-db19e
Cerrado Gold Announces Filing of Q1 Financials in Order To Revoke Cease Trade Order and Pending Submission of Application to the TSX Venture Exchange To Resume Trading
https://ceo.ca/@accesswire/cerrado-gold-announces-filing-of-q1-financials-in-order
Lode Gold Pivots Strategy to Focus on Underground Opportunity & Presents Results of the Evaluation of a Potential High-Grade Underground Mine at Fremont, Mariposa, on the Prolific Mother Lode Belt
https://ceo.ca/@newsfile/lode-gold-pivots-strategy-to-focus-on-underground-opportunity
Blue Star Gold Announces Closing of Final Tranche of its Oversubscribed Non-Brokered Private Placement
https://ceo.ca/@newsfile/blue-star-gold-announces-closing-of-final-tranche-of-bcc83
Blackwolf Announces Securityholder Approval of Plan of Arrangement
https://ceo.ca/@accesswire/blackwolf-announces-securityholder-approval-of-plan-268e7
Dakota Gold Corp. Announces $6 Million Orion Mine Finance Investment with a Potential Increase To Up To $9 Million
https://ceo.ca/@newsfile/dakota-gold-corp-announces-6-million-orion-mine-finance
NOVAGOLD Reports Second Quarter 2024 Financial Results
https://ceo.ca/@globenewswire/novagold-reports-second-quarter-2024-financial-results
Cerrado Gold Announces Q1 Financials, Cashflow and Operating Cost Performance for Its Minera Don Nicolas Mine in Argentina
https://ceo.ca/@accesswire/cerrado-gold-announces-q1-financials-cashflow-and
Treasury Metals Announces Voting Results from its Annual and Special Meeting of Shareholders
https://ceo.ca/@globenewswire/treasury-metals-announces-voting-results-from-itsannual
Relevant Gold Closes Non-Brokered Private Placement
https://ceo.ca/@accesswire/relevant-gold-closes-non-brokered-private-placement
Seahawk Gold Corp. Announces Change of Business
https://ceo.ca/@newsfile/seahawk-gold-corp-announces-change-of-business
Eric Sprott-Backed Argo Digital Gold Ltd. Secures Strategic Investment from Paxos and WonderFi to Fuel Growth in the Digital Gold Market
https://ceo.ca/@newsfile/eric-sprott-backed-argo-digital-gold-ltd-secures-strategic
seems we’re snapping back some after re-testing the $2300 level for I believe the 3rd time. Might make sense as to why some of the gold shares rallied a little yesterday. Almost uncanny that the scum is always right in advance of the direction in pm’s whether up or down.
There is some eco news that will definitely move markets today. They’ve bumped the estimates on weekly jobless claims, so I wouldn’t count on those to be bullish. However, there is also a durable goods and GDP report out today, they could miss and maybe hit the dollar – which is a bit weaker right now.
We’ll check things out at the close, because that’s all that matters.
edit: whatever the numbers were, they appeared to be pm neutral. Favorable at first, but now neutralized. Funny to watch all the bid/ask games go on with GLD and SLV. They switch them all over the place without a single share trading. Almost as if none of them were even real….nah, that couldn’t be, that would be illegal spoofing.
We got our own problems. A bunch of men connected to ISIS got through the borders here. The lefties idea of vetting is only checking for any crimes here, not where they came from. That’s Mayokas idea of vetting.
considering the crap day for the metals. HUI is up a little and would be more if they weren’t leaning on their favorite toy NEM. Most of the gold plays I watch are higher. KGC having a good day, up 3%
Silvers aren’t faring as well but mostly flat.
I’m not understanding the move in the dollar or how the last few bond auctions have been so stellar, unless there are problems in Europe, which is always possible.
Platinum up 3% after palladiums big move a couple days ago. WTF is that about?
$50 silver by September sounds great. Color me skeptical…
Yeah I know. I remember them when I was a baby. My grandma was a info getter during WW11 before the CIA. She was also friends with Al Capones brother Ral. Maybe they didn’t like the Nazis taking over their home turf in Italy. Strange coincidence my grandmother and Ral both moved to Wisconsin from Chicago about the same time where my then teen mother met my father a Christian military family. What a contrast. She knew everybody including politicians or about them. There was something going on there between the mob and politicians. She told me somethings later I kept quiet. She kept me away from show biz as I had scouts looking at me a manager at Disney wanted to make me a record. I figured out why she kept me away and had the connections to do it after someone in show biz passed a cup to my mother to give to me as a gift and when I opened it, it said Student Lover. Since Regan is gone now when mentioning as a teen the first politician who would legalize pot. I didn’t like it myself but didn’t want to see my peers arrested and life ruined for it. She said he smokes it himself, she saw him smoking it at a party. I don’t think they would go for outsourcing or in sourcing away jobs or interfering their business, privacy, or eliminating cash lol
Piece by Nick Giambruno
The truth is, no matter what happens, the debt will not stop growing. It’s not even going to slow down. The debt is increasing exponentially.
The only way the US government can continue to finance itself is for the Fed to create ever-increasing amounts of fake money.
If the Fed doesn’t provide more monetary accommodation to lower interest rates, the growing interest expense will bankrupt the US government… and bring down the entire debt-based economy with it.
In short, the Fed must print ever-increasing quantities of fake money, or the system will collapse.
Ludwig von Mises, the godfather of free-market Austrian economics, summed up the Fed’s dilemma:
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
The US government will not voluntarily “abandon credit expansion,” as Mises puts it because Washington is dependent on issuing increasing amounts of debt to pay for the ever-growing costs of Social Security, national defense, welfare, and interest on the federal debt.
As Max Keiser succinctly said, “You can’t taper a Ponzi scheme.”
That means their only choice is to debase the US dollar by ever-increasing amounts until, as Mises puts it, the “final and total catastrophe of the currency system involved.”
That’s why I am convinced extreme currency debasement is the inevitable outcome of the debt spiral.
All the rest is noise.
Michael Saylor captured the essence of the situation when he said, “The road to serfdom consists of working exponentially harder to earn a currency that is growing exponentially weaker.”
I believe rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
The worst of it could go down soon… and it won’t be pretty.
It will result in an enormous wealth transfer from savers and regular people to the parasitic class—politicians, central bankers, and those connected to them.
Countless millions throughout history were wiped out financially—or worse—because they failed to see the correct Big Picture as their governments went bankrupt.
Don’t be one of them.
https://www.zerohedge.com/personal-finance/you-cant-taper-ponzi-scheme
There’s beaucoup similarities between the “The Mob” and “The Gov.”
Looking forward to Dementia Joe or Demmy (pronounced Dummy)as I like to call him, freezing up and forgetting where he is.
The commies don’t care. They let the cross dressing traitor who gave it to him loose a long time ago and got another one Biden elected and his partner and son get off on a gun charge instead of espionage.
What ifs. Gold and silver ratio. If it drops to the next level down you just might get your 2-300 gold upside and 5 dollar silver ratio. Lol Actually I’m looking forward to these numbers ( 50-60-70) silver coming out. I’m just not relying on them yet. If the market corrects it’s gonna drag the PMs down with it initially.
But on the other side people like Harry Dent thinks gold won’t recover like post 08. The PMs did recover and made new highs a few years later. After we had a slow decline but Obama was in office creating a deflationary economy while at the same time increasing debt and stealing billions from SS amongst other things like getting people killed.
… must really be in trouble to allow Assange to escape the death penalty in the US.
The fake joos will be out tonight kissing that goats’ balls and checking Fat Bastards’ stool samples trying to figure out what the hell happened.
Chuckle
Wow a lot of bad news there. Typical on Obummer stealing from the casino. Almost wish the mob was back. Better checks and balance with them than the current state judges and they kept people honest less they wanted their fingers broke or worse.
I just got shadow banned from a live debate at a Trump rally. The lefties BSers couldn’t take it any more. Lol A lot of damage to their misinformation before I left.
They’re going to try to turn this debate into a petty screaming match of BS to deflect the mess they caused to try to put Trump in the defensive and divert from the real issues.
I guess i shouldn’t have said this level was boring.
Boring was better than this.
I’m listening Captain