Gold, Silver, PM's and Markets

XAU and HUI at new yearly lows. 

Bad Juju Bwana.

I’m going to pick up more Lion One after a further collapse and then sit for a while.  Liquidated all gold PMs down through the weeks here at losses but not near what they could be if I held.

Powell will have to chicken out at some stage.  But not yet.

Hate to watch the world go to Hell but under the current incompetent leadership there’s no way it turns around.

Go dollar.  I will short at some point down the line.

Nat gas even struggling today

https://www.stockwatch.com/Quote/DetailM.aspx?U:UNG

If pootie is going to do something crazy it's this weekend

NW

Still fading me?

Crap. Knew I closed that market short too soon.  Hard to turn down a double though.

Help for gold?

Without Powell caving 1550, then 1300.

If Powell caves, the sky’s the limit.

It appears the next 2 rates increases of 50BPS are considered a lock by the market. Anything that changes that perspective changes the game.

Who the voters going to blame for this carnage? The Democrats.

LSteve - you have more hope in the general intellect of the country than I do @ blame the Dems - "what, wait, isn't Brad Pitt a Democrat, he's so cool, so am I"

Deep State-Nazi Hidden Axis | Beyond the Cover
by Gary Benoit

https://thenewamerican.com/deep-state-nazi-hidden-axis-beyond-the-cover/

The scramble to post Treasuries & other USD securities against non-USD collateral going Nuclear & margin calls ahead will only make it worse

https://finviz.com/futures_charts.ashx?t=DX&p=d1

EU Watchdog Proposes A Suspension Of Energy Derivatives Trading

The temporary suspension of trading in energy derivatives could help return EU energy markets to balance, the EU’s financial markets regulator has proposed.

https://www.zerohedge.com/markets/eu-watchdog-proposes-suspension-energy-derivatives-trading

Go dollar.

805....yeah, I guess I was 'fading' you, but moreso I use wolavka as my primary contraindicator for metals moves....I actually sat on my hands the past 3 days waiting to buy $60K worth of sludge for a customer....I did so this a.m., although it may drift a bit lower to the $18.50-$18.60 level....at which point, he may want more...

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The FED is clubbing of baby seals because it is all they have left in their toolbox.

All currencies down against fedbux excepting the large move up by Ruble. (+3.44%)
 Do the currency crosses of energy starved Europe now. Are they scrambling for Rubles to get the last few drops of their petroleum lifeblood?
 I don't know whether you caught the small item that Zelenskii refuses to allow pipeline shipments of ammonia unless RF releases all captured military. No peep of disagreement in Ukraine parliament as opposition is illegal. Meanwhile all of the attention is directed at Russian opposition to the draft.
 (((News at six)))

At around 13 minutes, look at her face when Bert Dohmen says the federal funds rate is going to 20%.

Global Crisis Is Here... Dam Is Ready to Break in Financial Markets

As I get close to the end of my existence on the orb I have made a concerted effort to eliminate blasphemous words and perhaps going for sainthood, blasphemous thoughts toward those that demand control. I have failed miserably from a very few lapses in viewing the TV news. I am weak and have forsworn that inducement to gutter language.

Bert Dohmen-I used to get the Wellington Letter MANY years ago. His market calls were always dead on. Like The Privateer in accuracy but he gave specific stock/market calls. I'm not a stock guy. I have a few bucks in BGEIX-a loser but thats it. I'm just sitting on cash and the PM's bought long ago. I do not see anything that is worth putting money into right now. A small rural piece of land would be real nice.
Lots of tree's for the wood stove but I'm too old to move.
I will make my stand right here.

Cherokeee...just sent you an inquiry....check your email when you have a moment..

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Your kid getting his/her outfit ready for Halloween next month?

good day yesterday.
thanks bufford for the williams stuff. known him from 70s' he is runner and big time treasure hunter.
way ahead in the future.

BBB

Desantis saying .new  IRS agents will be going after low hanging fruit because they don't have lawyers and accountants especially sole proprietorships

https://www.armstrongeconomics.com/world-news/taxes/desantis-warns-about-irs-agents/

ROAN....Bigley.....is this accurate ?

https://www.crisismagazine.com/2022/the-unvaccinated-have-won?mc_cid=192ca7679f

Trudy caved in?

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Bufford, I was getting The Wellington letter in the mid to late 70's. He called gold and interest rates moves well in advance. I had to help take over my dad's company with one brother about 1979. The company was in bad shape and I got married that year. We were living on nothing for about 10 years while we paid off the bankers. Some time after someone on Kitco mentioned The Privateer. I would LOVE to hear what he thinks about now.

Got Faux news on and every other sentence coming out is a lie.

Empire of Lies is an excellent characterization of what the Deep State and Foggy bottom has become.  Lies piled on lies with more lies added to keep Boobus Americanus in a state of confusion.

Brainwashed for War With Russia

https://original.antiwar.com/mcgovern/2022/09/21/brainwashed-for-war-with-russia/

Most Americans are oblivious to the reality that Western media are owned and operated by the same corporations that make massive profits by helping to stoke small wars and then peddling the necessary weapons. Corporate leaders, and Ivy-mantled elites, educated to believe in U.S. "exceptionalism," find the lucre and the luster too lucrative to be able to think straight. They deceive themselves into thinking that (a) the US cannot lose a war; (b) escalation can be calibrated and wider war can be limited to Europe; and (c) China can be expected to just sit on the sidelines. The attitude, consciously or unconsciously, "Not to worry. And, in any case, the lucre and luster are worth the risk."

The media also know they can always trot out died-in-the-wool Russophobes to "explain," for example, why the Russians are "almost genetically driven" to do evil (James Clapper, former National Intelligence Director and now hired savant on CNN); or Fiona Hill (former National Intelligence Officer for Russia), who insists "Putin wants to evict the United States from Europe … As he might put it: "Goodbye, America. Don’t let the door hit you on the way out."

Absent a miraculous appearance of clearer heads with a less benighted attitude toward the core interests of Russia in Ukraine, and China in Taiwan, historians who survive to record the war now on our doorstep will describe it as the result of hubris and stupidity run amok. Objective historians may even note that one of their colleagues – Professor John Mearsheimer – got it right from the start, when he explained in the autumn 2014 issue of Foreign Affairs "Why the Ukraine Crisis is the West’s Fault."

There simply is no cure for stupidity.  A stupid person can hide from being identified as stupid but once they open their mouths it's game over.

Stacey Abrams Claims Fetal Heartbeat a Conspiracy and “Manufactured Sound” to Deceive Women

https://thenewamerican.com/stacey-abrams-claims-fetal-heartbeat-a-manufactured-sound-to-deceive-women/

ROAN.....ahhhhh.....so the expiration date makes Trudy look like a "hero" to those who have been waiting, instead of looking like the schmuck that he is.....We have no immediate plans to go across the border although we used to enjoy running up to Abbotsford to a nice little restaurant there for lunch and an "outing"...Friends mentioned that it survived the lockdowns and such during the phony pandemic, so it'll likely be one of our afternoon 'getaway' destinations in the weeks ahead.....THANKS for all that info on what is REALLY going on that the press would never mention!

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From Armstrong's site........Posters now appearing in Amsterdam:

Norwester: Ya I live on the border as well. Have not crossed the border since COVID.  Used to go shopping in Watertown NY and sail to Sackets Harbor for meals and drinks.  I would not cross the US border with all the constraints, mostly returning to Canada.  Another issue re Turdhole.  There is a quick customs entry system called NEXUS for US & Canada.  The allocation of cards is done together between US & Canada at various border points.  Canada will not reopen application posts they share with US because US agents carry sidearms. I hear the back log is close to 400,000 people awaiting renewal or new cards. Luckily I renewed mine just before covid. Turdhole wanted to ban handguns but did not have the balls so he pushed it on municipals. They want to go after legal gun owners where controls are strict. Handguns are pouring across the border accounting for most of the firearm crime in Canada, especially in Toronto. They will not recognize what the real problem is. And the Minister of emergencies is Bill Blair who was Toronto Police Chief for about 10 years. He certainly changed his stripes when moving to federal politics. As a tough cop he was not woke enough for the Liberals so he changed to fit the mold. I could go on but you get the point. At this point in time I think it would be good for people in US to look north at our mess to try to fix their own with lessons of how woke things can get.

bonds with a pandemic clause

https://www.reuters.com/world/americas/barbados-issues-worlds-first-pandemic-protected-bond-2022-09-21/

855....ROAN....years ago, I did several coin shows in Vancouver...in chatting with the Canadian dealers, many were critical of this and that about "you Americans," with one of the primary complaints referencing our firearms availability.  Vancouver had its share of gun-related crime, though, so they couldn't throw too much mud at us....Years later, I hired a young guy (mid-30's) to work in my shop in Seattle.  He was a Canadian whose parents still lived in Surrey, BC, and he made monthly visits back there every so often.  He, too, was constantly critical of our "open" freedoms, including gun ownership.  His friends from BC who would stop by on trips to Seattle were also a bit discomforted by the firearms on display in one of our showcases....it was though they'd all been brainwashed by the government and news media, ignoring the hundreds of years of protection that firearms had afforded the early settlers, fur traders, farmers, etc.  So, this apparent easily accepted "woke-ism" among your populace doesn't surprise me -- no more than those brainwashed here below the 45th who are still wearing worthless masks....

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Reply #858

The very moment the authorities started restricting relatives from visiting patients in nursing homes and started the media mass hypnosis COVID scare, my mind immediately went to the possibility of baby boom slaughter due to mounting Medicare, Medicaid and SS payments.

When the swine in Congress continued to refuse to deal with the huge imbalances year after year from these social programs, I would ask myself "What is taking them so long to either raise the retirement age, increase the withholding or deploy some combination of that?"

As soon as I heard "WARP SPEED" I knew.  They intended to cull us.

Nurse Rachet is running the EU

EU Commission President Threatens Italy On Eve Of Election, Says Brussels Has 'Tools' If Wrong Parties Win

https://www.zerohedge.com/political/eu-commission-president-threatens-italy-eve-election-says-brussels-has-tools-if-wrong

I would have to question that everyone who dies before 60 saves a million bucks in social security, etc benefits.

oHn dam, dementia got computer 

Ayeder the, life un

Holger Z pops in; German PPI for August comes in at 48.5%!!!

Russia, Turkey, China and India Gold imports. One day the west will go to war to get that Gold.

https://twitter.com/WallStreetSilv/status/1574120250064633856/photo/1

Rubin?

Tell me why am I not remotely surprised.   

We don't have and have never had white supremacy but we do have tribal supremacy.

YO!  Erle....check out this opening GAP in the hawg market:

https://finviz.com/futures_charts.ashx?p=d1&t=LH

Almost getting to a BUY level....almost......

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Amazon recently lost control of IP addresses it uses to host cloud services and took more than three hours to regain control, a lapse that allowed hackers to steal $235,000 in cryptocurrency from users of one of the affected customers, an analysis shows
The hackers seized control of roughly 256 IP addresses through BGP hijacking, a form of attack that exploits known weaknesses in a core Internet protocol. Short for border gateway protocol, BGP is a technical specification that organizations that route traffic, known as autonomous system networks, use to interoperate with other ASNs. Despite its crucial function in routing wholesale amounts of data across the globe in real time, BGP still largely relies on the Internet equivalent of word of mouth for organizations to track which IP addresses rightfully belong to which ASNs.

https://arstechnica.com/information-technology/2022/09/how-3-hours-of-inaction-from-amazon-cost-cryptocurrency-holders-235000/

bufford, it seems as thogh that cash on hand will become more important. IT SEEMS LIKE GETTING 10K IN FIVE CENT PIECES is the way to go for most bang for the buck. To think that all candy bars were a nickle.

Happy days are here again....tra-la....The 'average" American lost $4,200, (so far) under the Biden bunch.....whoopee!

 https://www.armstrongeconomics.com/international-news/politics/average-american-lost-over-4200-under-biden/?utm_source=Newsletter&utm_medium=Email&utm_campaign=RSS

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bye Letisha
https://townhall.com/columnists/willalexander/2022/09/26/bye-leticia-n2613586
 
how many weeks?
https://hotair.com/ed-morrissey/2022/09/24/how-many-weeks-doocy-pins-kjp-down-on-bidens-abortion-position-n498779

trump continues to score
https://www.thegatewaypundit.com/2022/09/watch-trump-says-9-words-everyone-wanted-hear-met-thunderous-applause/

is silver a buy?
https://finviz.com/futures_charts.ashx?p=d1&t=SI
yes, but don't go crazy

WSJ 1 climate hustlers 0
https://redstate.com/bobhoge/2022/09/25/wsj-prints-blistering-editorial-ripping-gore-kerry-for-bullying-world-bank-with-insane-climate-demands-n632862

blood bath in siilver  market

From Bob Loukas...projecting 123 dyx peak sometime late '22 early '23

9-22

Given the turmoil in the world, all the geo-tensions not just in Ukraine, and the totally uncertain future of POG, the price of any commodity and the state of industries--how can anyone with a straight face propose that the extrapolation of this or that trend to 2023, the conjunction of heavenly bodies, or the reading of goat entrails  are capable of foretelling these turbulent effects and what they will do to the financial world???

Why would anyone waste even a breath of fresh air on this puerile exercise other than shi*** and grins)?

Erle, I will see your prescribed bag of nickels for TSHTF and raise you a box of 9mm. 

We ain't gettin nothin like this

https://twitter.com/i/status/1574267766269353984

Tuesday, September 27

03:30 AM Chicago Fed President Evans (FOMC non-voter) speaks: Chicago Fed President Charles Evans will take part in an interview on CNBC Europe. On September 8th, President Evans said he expected growth to be “pretty decent” in 2023. President Evans noted that he expected the labor market would “only … slow a bit,” and that he thought it was “possible that the number of vacancies [could] decline without serious increases in unemployment.”
06:15 AM Chicago Fed President Evans (FOMC non-voter) speaks: Chicago Fed President Charles Evans will discuss the outlook for the economy and monetary policy at an event in London hosted by the Official Monetary and Financial Institutions Forum.
07:30 AM Fed Chair Powell speaks: Fed Chair Jerome Powell will take part in a panel discussion on digital currencies hosted by the Bank of France. Moderated Q&A is expected. At the press conference following the FOMC’s September meeting, Chair Powell noted that the Committee was moving its policy stance “purposefully to a level that will be sufficiently restrictive to return inflation to 2 percent.” As discussed in our FOMC recap, Chair Powell’s discussion of what the FOMC needs to see to slow the pace of tightening put a bit more emphasis on inflation than his remarks following the FOMC’s July meeting. And while Chair Powell had emphasized in the July press conferences that the FOMC is aiming for below-potential growth, not a recession, he dropped the latter half of that point this time.