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We should make our own stuff
China Weaponizes Supply Chain, Sends America’s Largest Drone Maker Into Crisis
America’s largest drone company and supplier of unmanned aircraft to the Ukrainian Armed Forces has been thrown into a supply chain crisis after Beijing imposed sanctions, barring it from sourcing drone parts from Chinese suppliers, according to a new Financial Times report. This is another wake-up call for American companies heavily reliant on China, highlighting the urgent need to ‘friend-shore’ or ‘reshore’ critical supply chains away from the world’s second-largest economy.
Sources familiar with the situation told FT that Beijing imposed sanctions on Skydio to prevent it from sourcing battery components from Chinese firms.
On Wednseday, Skydio said the sanctions by China were “for selling drones to Taiwan, where our only customer today is the National Fire Agency.”
Skydio CEO Adam Bry met with US Deputy Secretary of State Kurt Campbell and senior White House officials last week to discuss the dire situation as the Chinese paralyzed part of the drone company’s supply chain.
“This is a clarifying moment for the drone industry,” Bry told customers in a letter obtained by FT. He said, “If there was ever any doubt, this action makes clear that the Chinese government will use supply chains as a weapon to advance their interests over ours.”
Buygold
Right and a majority house to keep the wicked witches away from Trump and our constitution.
You know they’ll go after Musk too. Any country would love to have him.
Video how money becomes worthless
The ways they suppress gold is fraudulent accounting. Greenspan admitted they’re suppressing the POG when he said the world central bank stand ready to lease out gold in quantity should the pog rise.
They also use bullion banks who buy and sell gold and can use the proceeds to buy bonds. That when they do the account sheet the use receivables and inventory as a one line item which is fraudulent accounting. So no one knows how much they actually own. Also since it’s in paper no one sees the phyzz moving. That the Fed Reserve is a Ponzi Scheme’ to prop up the dollar.
About 37.27 minutes in …
Goldie
Yeah, a lot of uncertainty. I know John Paulson is a big Trump guy. Hard to imagine the destruction Harris could do to the economy and country – really more like Obama 4.0
They will do everything they can if Trump gets in to undermine anything he does. He needs a red congress big time. Trump has some really big ideas on taxes and tariff’s, also heard he’d try to back the dollar with oil contracts. They need to get rid of the Fed to get rid of the Globalists. So much work to be done, but there will be so much obstruction.
Good to see the UK’s finances are in such good hands
Rachel Reeves ridiculed over boast she can ‘balance the books’
People who will sell.
Billionaire will pull his money from the stock market if Harris wins. Not the only one I watched. Another lost 600 employees in the world trade center. Money will leave America. Jobs will leave America. We just might go into a deflation. Not to mention another 20 million illegals eating our lunch. My daughter had to wait over 24 hours for surgery with open wounds as is with not enough good surgeons to go around as is.
Buygold
The PMs should be able to stay in a range for now although I worry about the election being rigged. From the comments of very wealthy people if Trump doesn’t win I fear the market will drop and possibly pull gold and or the shares down with it. They’re not gonna trust their money with that nitwit puppet who also has no soul and is playing dumb. She’s smart enough not to say what policy’s she’ll play because no one would vote for her so she’s playing dumb but people can see through her.
Even the Bible mentions these sociopaths who get in power. Seems rather easy to do if you have no soul. Just cooperate with satan. In the meantime it’s hard to keep the good ones because they just can’t be in the same place very long or at all. Who would want to gain wealth by causing someone else to lose theirs and even goes beyond that with these monsters alter egos to suffering and death.
Maddog, Deer79 – Looks like you guys are probably right
They got bonds under control. The dollar is flat because the Sterling is falling on its face, probably for the reasons Deer79 mentioned earlier, otherwise it would be down.
The scum has shown us that they are still capable of manufacturing a waterfall though. On the bright side, gold was due for a pullback and is no longer overbought, silver even less overbought and could bounce back from here at any time if they can hold $32.50.
The HUI is trying to hold the 320 level, although I have zero confidence that it will. It broke below its 50 dma today just as it has done every time in the last 4 months before moving on to new highs. Actually, the chart on the HUI looks perfect, and we may have seen the lows, or will see them in the next couple sessions. Unless the metals have a lot further to fall, it looks like a buy and may turn up before the metals. Slow stairstep higher that brings modest new highs. Hard to bank on pm share charts though, because the scum loves to terrorize them, and they seem so dependent on the SM.
It’s worth a look, almost textbook uptrend.
Little bit of short covering coming into GLD & SLV now, would like to see us close well off the lows. It could happen ya know. 🙂
FWIW…
Interesting commentary from this young lady – perhaps gives hope for the future?
fun facts
“Gold mining output significantly affected South Africa’s total mining output in 2023, having declined by over 80% over the past three decades.
This was revealed in a presentation by Minerals Council of South Africa chief economist Hugo Pienaar at the Mining Indaba this week.”
https://dailyinvestor.com/mining/43589/gold-mining-has-lost-its-shine-in-south-africa/
Goldie
Pelosi is an evil witch, wholly owned by her God Lucifer. Completely devoid of empathy or soul. We’ve seen lots of leaders like her in history, sad to say. No doubt the guy had problems, but the real problem lies with Paul Pelosi. He should feel very guilty about what happened and I imagine old Nancy reminds him of it daily.
How do they become our leaders every single time? It’s no accident.
If you watch Abrams tanks and Bradley vehicles in Ukraine
Crews are sometimes surviving direct hits from drones and anti-tank weapons from the Russians. The armor is substantial, I think the US tanks are really good, I’d hate to be in the firing line of either vehicle. They also hit the Russians with a sophisticated rocket called the M142HIMARS and it’s worth going to Youtube to see them deployed on the Russians. They guys are getting messed up. Also from a design perspective, Russian tanks are a joke, they holding area for munitions is easily compromised with a precise drone hit and they explode into atoms.
BAC
….and the fact that Warren Buffet has sold nearly a 20% stake in his funds holdings (of around 1 billion shares) of BAC shares……
I do think this is end-of-the month “marking” for the Cretins. We’ll see during the first week of November if it’s anything more than that. But, the election will add just a tad of volatility I suspect…..
OTOH
A $50 hit doesn’t feel like it used to. Hard to believe we’re still up around $2740, even $1.20 in silver just gets us back to $32.50.
A hit in the shares is sure the same though.
Maybe this is nothing but the end of the month game.
Maddog-yeah
Hard to see a comeback on a day like today. Doesn’t happen in pm’s.
I think this may be a little more serious than the usual end of the month beating, only because the SM is getting hit hard as well. We may be seeing the beginning of the repo problems centered around the bond market. I say that because the crashes always start with pm’s getting hit harder than everything else but ending sooner. There’s a problem somewhere IMHO. No idea how far down they’ll take pm’s, especially if demand is really that strong. The shares never really got off the ground, so I guess they can go a lot lower.
I suppose we’ll know more tomorrow. If we have another day like this, then Sunday night could bring in the PPT. Just a guess.
eeos @ 8:23 I was in a tank unit in 1963. M48A1’s and M60’s
Even back then we were told the average life of a tank in combat was about 20 minutes. Now with drones I can’t imagine a tank having any purpose at all, except maybe for show. Fragmentation kills all inside when/if it is hit.
So much for all that talk of OPEC/Saudi allowing prices to slide
Saudi Arabia Vows To Maintain Its Status As An Oil Giant
https://www.zerohedge.com/energy/saudi-arabia-vows-maintain-its-status-oil-giant
Maddog @ 10:48
AEM is a class act! A true blue chip.
“will the shorts be forced to cover today?”
I sure don’t know … but wouldn’t it be great! 
Soon
