"When the going gets weird, the weird turn pro" - HST Oberlin College University of Chicago Graduate School of Business
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"The aging product line is a real problem for Tesla," said Yale Zhang, managing director at Shanghai-based consultancy Automotive Foresight. "Once BYD and other EV startups follow to lower prices, the effect of Tesla's price cuts could vanish in the blink of an eye."
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Something really ugly is happening behind the "curtain." In 2009 and 2020 a move like this would not have bothered me. And I've been trading gold futures since 2003. It feels different right now. It's relentless and in supposedly a sanguine environment. Serious shit may hit the fan in the next few months.
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Hey this is all bullshit. What's coming at us in the financial system is 2008 on steroids. Worse than 1929 and 1999. This is why the U.S. is trying to start WW3 using Ukraine by proxy. The financial system is fucked and the stock market is insanely overvalued. That's why Buffet
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Wow. June gold looks like it could vault $3300 overnight. The dollar and the U.S. are fucked. The price control in place since 1974 when Comex gold futures debuted has been taken away from the west. The dollar could soon enter a quick downward spiral. 70 on the index is the DMZ line. If it goes below that, gold could springboard to $10k or higher - quickly
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Very good chance June gold is over $3,400 when we wake up tomorrow. This may be the slow-motion collapse of the US ponzi financial system
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The price-slam in gold is not real - it has occurred in the phony paper markets of London & NYC. This is an effort by the banks to cover their shorts before the Fed goes Weimar with its monetary policy. It's alread been pumping reserves into the banking system since March 2023
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Silver squeeze in progress? @TFMetals @ArcadiaEconomic @goldsilver_pros @CJMAuAg @goldseek @mikesay98 $slv #silver
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WOW - Just "WOW:" $GE repurchased $40 billion of shares at prices between $20 and $32. The stock is at $7.44. That's incredible. Grab some popcorn, sit back and watch this thing collapse...
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Total put/call ratio hit its lowest reading in the history of the Barchart database:
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I'm starting to wonder if this tariff crap is controlled demolition of the economy in order to justify a huge QE program because I know the asset side of big bank balance sheets are highly stressed from bad loans and are at high-risk to the nuclear melt-down of their massive off-balance-sheet OTC derivatives exposure - it's why they fabricated the "covid" crisis in 2020...zerohedge.com/markets/runnin…
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Paper gold off the cliff at 8:20 a.m. EST with the dollar getting hit hard, rates flat and no news or events that would trigger the paper price ambush on the Comex:
@TFMetals @ArcadiaEconomic @goldsilver_pros @TrevAHall @goldseek
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Jim Sinclair aka "Mr Gold" predicted that there will come a day when Comex gold contracts are offered at $10 with no bid while physical gold bars are without an offer. We may be transitioning into that scenario. There's a shortage of deliverable bars and the Establishment....
BREAKING NEWS
SWISS REFINERY, ARGOR-HERAEUS, HAS SUSPENDED ORDERS FOR ALL 50-GRAM AND 100-GRAM MINTED GOLD BARS.
It continues to get hot.
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Here's the thing: China and the rest of th big buyers of physical gold don't give a shit about the RSI on paper gold. There's no such thing a "overbought" or "oversold" with real physical gold. There IS "under-owned" and real gold is under-owned by everyone...zerohedge.com/the-market-ear…
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Just for the record, the cliff-dive in the price of gold did not happen until the Comex floor opened at 8:20 a.m. EST. This is just a continuation of the banks' COT open interest liquidation operation in order to cover their masssive paper shorts in gold and silver. @TFMetals
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Not sure I've seen in 23 years. Every indicator in gold/silver is flashing "pullback" or "time for the banks to hammer the price with paper" - but they just keep bouncing back like one of those punching clowns and then move higher @TFMetals @goldseek @ArcadiaEconomic
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A shortage of gold that has nothing to do w/tariffs. It's the fractional reserve gold bar system on the LBMA and Comex that's imploding. Multiple paper claims on each bar.
🚨 TOP GOLD AND SILVER DEALER BULLIONSTAR IN SINGAPORE SELLS OUT OF 1KG GOLD BARS AT SPOT.
WARNS “SELLING AT OR NEAR SPOT MAY NOT BE VIABLE GOING FORWARD AS THE LBMA SPOT PRICE IS INCREASINGLY IRRELEVANT.”
This ‘gold’ stuff sure is getting ‘precious’.
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I have to say, today is the first time since the #silversqueeze thing began a couple weeks ago that I truly believe that a bona fide physical silver squeeze could happen. Sell $slv and buy physical and safekeep it yourself. SLV is a fraud.
#Silver party about to get started…
piped.video/i79Y8PhNcXw
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I'm crunching $tsla numbers for my Short Seller's Journal and I'm simply stunned at how out of whack TSLA's financials are for Q3. There's massive accounting fraud going on. Depreciation per car delivered is nearly 50% lower in Q3 than Q2. This is impossible @TeslaCharts
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Rare to see gold shoot up late in the trading like this, when the action in Comex paper gold is going on in the Globex computer system - typically a vipers nest of digital gold manipulation. Something not good is going on "behind the curtain:"
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The smash in gold/silver prices today was 100% b.s. By the time the FOMC policy statement was released, the Comex was the only active gold market open and technically it's nothing but a gold-derivatives trading market. India will be buying hand-over-fist tonight.
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quick clarifiation. I've been heavily immersed in the precious metals sector since 2001 and I've had not seen a trading for gold like the one that's unfolding now.
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Holy shit - 1 oz silver eagles at retail are now $15 over spot and 1 oz gold eagles are over $200 over spot. The ASE's are in excess of 50% of "spot." I always predicted that eventually we would see 1 oz silver mint coins trade in excess of 100% spot. The fiat system is doomed
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Just heard about someone who committed suicide - had $10mm in FTX and lost everything. It wasn't wise to put everything in one "investment" but it seems like tighter regulation might have prevented FTX. I hope they throw SBF and his gross girlfriend in jail and lose the key
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The gold price is starting to move inexorably higher. Something ugly is going on in the financial "plumbing." It has nothing to do with the muted IMO geopolitical situation. If the ME mattered the Naz would have shit today. Something more ominous is developing....
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I'm hoping to write a substack about this before Sunday. But there's something really bad happening on the LBMA and Comex and the tariff b.s. is being used as the cover-up. Stay tuned...this is from an email exchange with someone who published a report that peaked my interest...
The Bank of England is effectively defaulting. This is serious. They have leased a lot more gold than they have in the vaults and the paper market shell game is imploding. Wait times for bullion extended to 4-8 weeks.
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Gold is up nearly $100 from the Sunday night blatant paper price ambush in a very illiquid market. Anyone who denies that gold is manipulated for official purposes is completely ignorant of the facts
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LOL nice silver price ambush on the Comex - right. into. the. Friday. Afternoon. Comex. Close. - so blatant/obvious
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A friend/colleague pointed out an interesting historical factoid to me: During the period when Rome was hyperinflating its currency, the Roman Senate was discussing whether angels were male or female...another fascinating historical "rhyme" unfolding now...
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silve up over 2.7%, gold up 1%, Bitcon getting hammered, SPX down 36 pts: the precious metals are telling us something very bad is unfolding in the financial system
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Holy shit - I didn't even take time to look. Another new ATH close for Comex gold. Per the COT report, looks like the banks were record short paper gold thru this past Tues. They're fighting the move higher just like they did in the 2008 - 2011. Problem for them:
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Things that make you go "hmmm" - all of a sudden when the Comex opens, entities decide it's time for the price of gold to go lower? Nah - this is the banks shorting paper gold: @ArcadiaEconomic @TFMetals @goldsilver_pros @WallStreetSilv
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The dollar is doomed, a big credit crisis is unfolding in the U.S. and globally. If the Fed/CBs go Weimar, gold goes to $50k minimally (see the chart of it 1920 - 1923 if you're skeptical). No printing = fiat currencies go to zero, see my price target above for gold. Also note:
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Wow the dollar index is getting just shredded tonight. Can't say for sure until we know for sure, but there may be a global monetary system reset unfolding that the U.S. is helpless to prevent. Hope this doesn't lead to WW3 but it could....
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Gold & silver could go nuts next week 'tween the riots and the growing realization the Comex/LBMA are frauds. From someone close to the LBMA: "when you allow for ETF gold+s 300-400 tonnes vaulted for other non-bank holders I doubt there’s more than 500 tonnes of float in London."
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Pure paper gold market manipulation on the Comex:
@TFMetals @ArcadiaEconomic @TrevAHall @goldsilver_pros @goldseek
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Per today's COT report, Comex banks almost net flat paper silver, covering shorts and adding to longs. The hedge funds continue dumping longs and adding to shorts. Historically this pattern precedes a big reversal in the pm sector soon. @ArcadiaEconomic @WallStreetSilv @TFMetals
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LMAO - only in the phony, fraudulent paper gold market does this happen: "hey man, inflation is running much hotter than expected so let's short the piss out of paper gold" @TFMetals @ArcadiaEconomic @goldsilver_pros @goldseek
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Right now there's 109mm ozs worth of March silver contract standing for delivery. This is 90% of the registered and 27% of the total amount of silver in Comex vaults. Those are big numbers. That said it's irrelevant if the entities taking delivery do not remove their silver from
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The downside potential of this stock market is staggering. Most of these guys trading it have no idea. Many were not around in 2008 and most were not around in 1999. The hyper-cyclicals like chips and builders along with the super-high P/E tech stocks are the most vulnerable.
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I hope the MF'ing bullion banks push the gold down $200 using paper. It will stimlulate MASSIVE buying from India and China. Make my day, motherfuckers
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Amazing. Every. Single. Major. MSM. Financial. Media. Outlet. Is reporting the "massive" movement of gold from London to the Comex because of the tariffs. Yet, none has offered actual proof of concept. There's a reason the puppeteers behind the curtain are pushing this narrative
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Bro, I started buying gold at $300 in mid-2001. A comb of Austrian Philharmonics and gold eagle bullion coins. I also now own a lot of gold chinese pandas. Any paper money I don't need for paying bills, I funnel into physical gold and silver that I SAFEKEEP MYSELF
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Highly amusing that the narrative is focused on the shortage of gold bars in London, blamed on the tariff threat, but the shortage of deliverable silver is even worse. "Deliverable" meaning available to deliver to the buyers location of choice rather than using LBMA vaults
#Silver forwards are now trading in backwardation, with lease rates pointing to significant tightness that we argue is unlikely to easily resolve. (source: Daniel Ghali/td Securities)
#preciousmetals #commodities #bullion #EFP
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On the cusp of going parabolic? The gold chart looks explosive as hell. Look out above? The incredible part about this chart is that both the RSI and MACD are close to "oversold" readings:
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Thank you, Andy @andrewmaguire1 "the Trump tariff threat is a negotiating posture" it's being used as a cover-story for a shortage of bars in London in NYC because of BRICs removing bars for the last four years tfmetalsreport.com/podcast/1…
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I've concluded that this housing collapse will worse than 2008. The bubbles are inflated by financial assets/ engineering. It's a collapse in the credit that pumped helium into home prices.
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I'm not selling until I see silver do this:
Gold ownership in the U.S.A. is quite the secret!
The best guess that has been made is that fewer than 10% of American adults own gold as an investment or safe-haven asset.
Yet ~1 in 3 Americans own crypto casino "coins"
What does this mean during a monetary crisis / reset?
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If silver can withstand the inevitable, routine Friday paper attack from London and the Comex tomorrow, April silver could close the week over $35
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Hoe-leee shit - I dunno what happens if the stock market takes a royal dump, which seems to be in the cards, but the charts of gold, silver and $gdx look absolutely explosive. Especially silver, which looks torqued for a moon-shot @ArcadiaEconomic @WallStreetSilv @goldsilver_pros
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Everyone remember to check the accuracy of their clocks and watches this morning? @TFMetals @goldseek @ArcadiaEconomic
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Massive official intervention the Comex PAPER gold market. Can't have gold spiking higher while Powell is spewing shit from his mouth. But it's okay for stocks to run rampantly higher...this entire system is a gigantic fraudulent farce
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I wonder if gold will be over $3500 when I wake up tomorrow morning. The push over $3400 last night was easy to predict the way gold was trading...
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I agree. I've telling gold bulls for years: one day gold will be at $10k. But when that happens, I'm not sure you'll like what you see when you look out your window....
$GDXJ with its highest weekly close since March 29, 2013. Not sure if that should make me happy or sad...
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Example of a portfolio that is way too diversified. When you have too many stocks, you diversify away the alpha and you clone an index fund. Why not just buy GDX?The way to make lifestyle changing wealth is to take just a handful of big, concentrated positions in high conviction ideas. My largest holding is at least 15% of my total portfolio...I mean, this dude even has ETFs in there. His portfolio is an ETF...ZZZzzzz @ArcadiaEconomic @TFMetals
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The more I think about it, the more I am convinced the Goldman report about China "selling" paper gold is 100% gaslighting as a cover-story for an aggressive effort by the bullion banks to smash the gold price using futures, like they ALWAYS do when China's markets go on holiday
Oh, one more point, the report originate dfrom Goldman's trade desk, which reduces the credibility of the report. It could just be a cover-story for the bullion banks using the closure of China until next Wednesday as an opportunity to smash the gold price with futures. @Brimelowgoldjo1 follows the international gold market as closely as anyone I know of: nitter.app/Brimelowgoldjo1/status…
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Holy shit the Fed's RRP facility has dropped down to $683 billion - down $150 billion in two days. This is de facto QE w/out increasing the size of the Fed B/S. The Fed receives collateral in exchange for cash, thereby adding liquidity to the banking system. $1.9T since Dec '22
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That price ambush on gold/silver on Tuesday is the shortest correction/pullback I've seen in the sector in 20 years. The rapid recovery is UBER Bullish @TFMetals @TrevAHall @ArcadiaEconomic @goldseek
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Hey #silversqueeze @wallstreetbets_ DO NOT BUY $SLV. It is a fraud and has now admitted it can not source enough silver to back the printed shares. BUY PHYSICAL - any flavor of sovereign bullion coin or bars zerohedge.com/commodities/go… @ArcadiaEconomic @goldsilver_pros @goldseek
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On days like today I like to take my gold and silver bullion coins and spread them out on the bed and then roll around naked in them...
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whoa - my 15 minute gold futures chart is popping a boner. shit must be cratering behind the curtain
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Hope the HODL'ers have a firm grip of their ballsack because both the Nasdaq and Bitcon may shit the bed tomorrow:
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Silver setting up potentially to be explosive - banks are now net long and hedge funds/CTAs net short:
@TFMetals @ArcadiaEconomic @goldseek
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$2500? would Chris like to wager a 30 gram gold panda that it won't sniff $2700? Is one of those so-called e-wavers? I remember back in 2003, when gold was pounding its head on $400, Robert Prechter said gold was going $70 and it would stay there. Shortly after that, gold ploughed through $400 and never looked back...
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These people driving around with the windows up and wearing a mask, I refuse to believe they and I share the same evolutionary connection
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Apparently there's rumor going around the PDAC conference that a big bank in the U.S. is going to go under soon. Probably not a TBTF but if it's true CRE will be the cause
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Hmmm...this does not look like natural free market trading forces at work: @TFMetals @Brimelowgoldjo1 @ArcadiaEconomic @WallStreetSilv @goldsilver_pros
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This is no different than censorship in China, for which China gets excoriated by the "Woke" class here. Isn't ironic that the Wokesters cheer the same degree censorship in this country as occurs in China or occurred in the USSR....
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Wow, gold looks ready to bust over $2400 and silver looks ready to bust over $30. The mining stocks have a long way to catch up in order to align with historical parity ratios with the metals.
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Just for the record, the paper derivative gold price smash has triggered an avalanche of customer buying at the major coin dealers. I believe everyone who buys and silver today should send thanks to the FOMC
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March silver is being capped at $33. If it pushes through and holds, look out above. There's a shortage of silver in addition to the shortage in gold bars. @TFMetals @ArcadiaEconomic @goldseek I have a recklessly large position in $svm July $5 calls...
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Good lord the charts of gold, silver and mining stocks - especially some of the silver juniors I invest in and cover in my Mining Stock Journal - look hugely bullish.
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Can't have the world see gold spiking higher with the Fed flooding the markets with printed currency and inflation raging: @TFMetals @TrevAHall @ArcadiaEconomic @goldseek @goldsilver_pros
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Soon as the idiots throwing money at the Bitcoin ETFs dries up, Bitcon will get decimated.
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This is brilliant: teddit.net/r/Wallstreetsilve… @ArcadiaEconomic @TrevAHall @goldseek @goldsilver_pros #silversqeeze
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Wow after closing up $21 from yesterday, December basis, gold is up another $4 in early Globex trading. Both gold and silver look explosive because everyone who doesn't have their head in the sand knows the Fed is going to go Weimar w/the printing press @LawrenceLepard @goldseek
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This price action was primarily in the paper markets of London and NYC. No large holders of bars sold. If anything, they will likely start buying more this coming week (India, China, etc). The only thing this shows is that HFs/CTAs/managed money pools puked their Comex paper contracts whilst the Comex banks rang the cash register w/their huge short position (see below) @TFMetals @ArcadiaEconomic @Sorenthek
I know it's not funny but, really, what more can you do other than laugh?
All the gains of 90 days removed in 2.
Comex silver is basically bidless today and, if it can continue to fall to $29, it will be down 20% in under 48 hours.
How the daily RSI is near 30 is beyond me.
Should be about 12.
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29,616 paper gold contracts dumped onto the Comex between 9:30-10. That's nearly 3 million ozs of paper gold or nearly 10x the amount of gold designated as available for delivery in Comex vaults. The Comex is the most artificial market in the world @TFMetals
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This hit on gold is relentless - similar to the smack-down in Sept/Oct 2008. Rumors $BAC has problems circulating yesterday. There must be something ugly about to happen. Big banks losing deposits weekly.
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Costco sold $100 million in one-ounce gold bars last quarter. This is interesting because it missed revenue estimates and cited a sharp slowdown in discretionary spending. Perhaps gold bars are starting to be views as non-discretionary items? @TFMetals @ArcadiaEconomic
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