Gold, Silver, PM's and Markets

Hello, Ben, yes, seen those photos too, the whole thing is very troubling, way more questions than solid answers.

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https://cliffmass.blogspot.com/2023/08/the-real-cause-of-maui-wildfire-disaster.html?m=1&s=09

"The key reason for the Maui disaster, one not discussed by the media and others:  a high amplitude atmospheric wave forced by strong winds interacting with the mountains of northwest Maui. 

An atmosphere wave that produced powerful, dry downslope winds on the western slopes of West Maui mountains."

NFG keeps forgeting to put a decimal point in their show-stopping releases, 532m morphs in 5.32m, wowee.

Pyrite, never underestimate the French and the Italians when it comes to a peasant revolts, they've got moxie.

As for the responding counter-strategy, just about anything goes now, they're all working for the clampdown.

Ah, the '70's, what a blast they were, lots of real money around, still have an old US KFC jingle stuck in the noggin.

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"The ninety-nine center, the ninety-nine center, two finger lickin' pieces of chicken, roll and coleslaw."

The old guy predicted this, back in the '70s, here we are, hope everyone enjoyed the ride, game's over soon.

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"In the first quarter of 2023, interest payments hit $929 billion on an annualised basis and the United States now spends as much on interest payments as it spends on defence.

One of the founders of the US Constitution, Thomas Jefferson warned against excess debt and “foreign entanglements and costly alliances”. Biden’s USA is doing both on a grand scale."

Hello, Rack, vote often with mail-in ballots, what an exquisite scam, Michigan's in the news now, imagine that.

Hello, Pyrite, good call, the euro scene is a fiasco and their future is grim, a revolt of the peasants is in the air.

Global energy news from Dr. Anas Alhajji, the narrative is changing, the Europeans are facing reality, finally...

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"The issue here is even if you look at the media, even the Financial Times published two days ago, an article that goes against ESG. That was unimaginable just a week ago. So even the media is changing, why? Because the government's... the European governments practically changed on the ground. They went back to coal, they went back to wood, they went back to fossil fuel, they literally spent billions of dollars subsidizing gasoline and diesel in their countries that are giving consumers money. And that's why by the way, gasoline consumption in Europe went up because of those subsidies. So they're already on the ground, they change their attitude. The companies saw that. So when we look at the oil companies behavior, we should put it within that framework. We have a major change globally, the whole sentiment and narrative is changing. And then if you look at what India is doing and China is doing and the oil producing countries and what the African leaders are saying, you can see that the narrative is changing. The European narrative is no longer valid. No one believes the European narrative anymore. So we will get more investment, because the narrative is changing. And I strongly believe that this COP28 that's going to be held very soon in the UAE is going to be a significant event in the history of the energy industry and all the environmental business, because the narrative is going to change. And once that narrative change, we will see people coming back. In fact, there was a piece of news today talking about a big fund basically changing their policy of just dumping ESG and coming back to invest in oil and gas. So the narrative is changing. We have no problem, we can catch up with investment. My fear, and this is part of our long term outlook. My fear is that no one is going to pay attention to the failure of some of the climate change policies that by default, the moment they fail, the moment they don't deliver, the demand for coal, oil and gas is going to increase, by default."

OK, then, dating white liberal woke females, no thank you, they are loathsome creatures and not very attractive...

Ask Bigley about his sisters, they all fit snugly into this mold; they all have TDS and they're not very attractive.

It's a broken-down world out there, the thrill is gone, life will never be the same again, so it goes, sportsfans.

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"What does society look like when the sexes have become armed camps, full of miserable, lonely people who remain trapped in their loneliness because the only romantic options are intolerable?"

Notes in the margin.

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"The US Secretary of State Blinken is generally simply mocked in the common discussion space, but Nuland is deeply and viscerally hated."

Next up for Russia; Plan C, it's time to turn up the heat...

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"Plan C

With the terrorist drone and missile attacks launched by the NATO puppets in Kiev against purely civilian targets in Russia, in Belgorod, Kursk, Donetsk, the Crimea, on the Kerch Bridge and even against Moscow (not including the terrorist attack on the Nordstream pipelines to Germany off the Danish coast), it now looks like Plan C will be needed. Plan C will mean taking Nikolaev, Odessa and all the south, so landlocking the Ukraine and probably temporarily occupying the rest of the Ukraine, in order to achieve the Russian objectives of demilitarising and denazifying it." 

Another day, another idiotic press release from the Z-Team.

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"Russian soldiers drastically differ from Ukrainian service members because they are not human, according to an American transgender journalist recently appointed as an official spokesperson for Kiev’s territorial defense forces."

Yet another good plan from the empire...

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"During the upgrade period, according to a USNI News report, shipbuilders will remove the impotent twin 155mm Advanced Gun Systems and replace them with missile tubes that altogether are expected to carry a dozen hypersonic missiles, weapons that are still in development and expected to be fielded in the next few years."

Greetings, AF,been a long time since we've crossed paths, hope you're enjoying the fine summer weather.

Yar, mugwump, Bigley sees the bought-off weenie from Fitch citing the "insurrection", in the US credit downgrade.

Sure, insurrection, a weaponizied word that does not describe what happened whatsoever in their lame promo.

What a collection of drama queens and lily-livered pansies on Team Blue, Jefferson will squirming in his grave.

The times they are a changing, here's a photo of the shrunken K-Man, auditioning to be Xi's garden gnome...

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They can crush us, they can bruise us, but they have to answer to us.

Story title of the day:

"Barbie" and the Mobilization of Imbeciles

“The whole world sees that the vaunted Western, supposedly invulnerable, military equipment is on fire, and is often even inferior to some of the Soviet-made weapons in terms of its tactical and technical characteristics.”

Bad Vlad

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Yes, indeedy, the Nater gang's reputation is in tatters, plus, the whole damn world is watching this gong show!

This is rather humorous reading, these new age elites aren't the smartest folks in the room, now are they?

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"Adding even more to the confusion is the role of the Globalists, World Economic Forum, Davos Crowd, and assorted billionaires promoting some sort of “New World Order.”  These folk do not seem to have much loyalty to any particular nation, rather seem to be cosmopolitan citizens of the world.  Their often utopian ideas do not seem to be all that popular in parts of the world, thus there is a suspicion that military force might need to be used at some time.  However, currently armies are based on nationalism and patriotic support from a single country.  There is no global army supported by a global government or global citizens to tax and draft.  It is a chicken-and-egg problem: which comes first—the government or the army?  NATO is still a creature run by the US and supported by the US.  So the thought is that the Globalists would have to use the US army, since both Russia and China show little interest in any such new order.  The problem is that the US army is suffering adversity in many areas, from weapons that are not effective, to not being able to recruit enough soldiers.  Critics claim that “Wokeism” is to blame for part of the troubles and that “Wokeism” is promoted by the Globalists.  Of course, the supporters of Wokeism claim just the opposite.  However, if the critics’ view has any factual validity, then there is a conundrum: The Globalists would need to use the US military to enforce adoption of their new order, but at the same time the US military is being hamstrung by the Globalists, forcing adoption of Wokeism in the US."

Larry Johnson

Ouch, the truth hurts, it's a damn good thing that the "Western nations" are adrift in a sea of mass delusion.

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"A multi-polar table is round, not rectangular. There is no head chair.
However, the Global South already has chosen Putin and Russia for their security.Every new organization of nations, BRICS+, SCO, BRI, EAEU has a bank and a military component, formal or informal. It is about power arrangements, not ideology. Even more, the multi-polarity movement is about civilizational values. The US has abandoned its own historical values, and the West has ceased to be a civilization of any human values. They have nothing anyone wants."

Gosh, it seems nobody needs old white guys around anymore, unless something complicated malfunctions.

Hmm, the copper sellers ain't gettin' spOOfed by the daily dosage of gloomy doom, steady as she goes, maties.

Micheal Hudson, (the Super Imperialism guy) discusses rump Ukraine's future economic and political pathway...

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"When you talk about the neoliberalism, there’s no way that this neoliberal program can be applied to Donetsk or to Luhansk or to Odessa, if that’s taken over.

So what we’re talking about is a kind of rough state of Ukraine in which it’s possible even Luhansk may be turned over to Poland. It’s going to be carved up.

So the argument is going to be: What is the Ukraine that is going to pay these debts?

And certainly any agreements that the proxy government has made and any debts that they’ve run into can be repudiated on the grounds of odious debts.

Now obviously if the United States imposes a puppet government, a client oligarchy, they’re not going to raise the issue of odious debts.

As you just pointed out, the political system is such that labor has no representation there.

So you would have a Ukraine that’s lost half of its population that’s living abroad now and there’s nothing to go back to for it.

And much of the population is in the Russian speakers. So there’s going to be literally something that is not really a country.

You can think of it as an economic entity that somehow controls the raw materials we’ve mentioned, the land that’s not poisoned by uranium bullets and made radioactive.

You’re talking about a kind of, not really a country. Even the definition of how to put in the new laws is going to have to await a settlement of the political boundaries that I don’t see happening within the foreseeable future."

Edward Dowd
@DowdEdward
·
Jun 8

The new term “polycrisis” is establishment code for:

“The global debt based fiat system is slowly imploding so please look over here at these scary things and not us.”

Them nater high tech war machines are gettin' smoked on the way to the battle, some tanks never fired a shot!

Any sane human being would recalibrate right about now and face the grim reality; we is totally hOOped, blimy!

How's that New American Century plan working out for you guys?

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"Remember how @vonderleyen told the world that Russia has to use refrigerator parts for their weapons because of western sanctions? Watch those refrigerators parts destroy the Ukrainian counter-offensive. Russia is making the NATO alliance look like fools."

China's growing weary of the gangsters...

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Chinese Def Min Gen Li Shangfu in Singapore:

The "so-called 'rules-based international order' never tells you what the rules are, and who made these rules."

“China believes that a big power should behave like one instead of provoking bloc confrontation for self-interest."

Hello again, WileE, turns out it's Big Thursday, oops, that's a really good movie, some great camera work.

Surfing and photography, a match made in heaven, got the old Surfer's Journals videos on the moviemakers.

Those inside the tube shots are mindblowing, mon, there's truly nothing else like it

Got the big colorful map of Snowline Gold's drill intersections here, they ain't too shabby, it's the Yukon though...

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Zowie, uranium stocks are blowing the roof off the reactor vessel today, surf's up, it's a Big Thursday, gold groms.

Ah, yes, Canada's clueless sales rep, it brings to mind Johhny Rotten's last words at a US Sex Pistols concert...

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"Ever felt like you've been had"

Another story to watch; US power grid, can it handle the EV "revolution" that isn't going to happen, they suck.

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"Klaus Schwab already said this was going to happen, but the government will blame white straight Trump supporters that are working with the Russians."

Another day of mass delusion and misplaced faith in the "system" that keeps us all "safe" from harm...

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"We tried to warn some family members with kids, but nobody wanted to hear any concerns."

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Oh-oh, the word is gettin' out on Wall St, you buy and sell, you wheel and deal, but your livin' on instinct...

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"It’s all over Wall Street. The question is starting to be asked. On a recent call at an insurance company, a ratings agency asked about vaccine effects.

Mr. Dowd believes we’re approaching an inflection point. He thinks if we compare the arc of the pharma fraud to the arc of the ‘08 bubble, we’re at about Nov ‘07, that is, the peak right before the fallout. In this case, the peak is the end of an era in which the public suffered from a broad lack of knowledge, and into a tipping point of unavoidable information about the vaccine risks and fallout."

https://etana.substack.com/p/the-arc-of-a-fraud

Green monkey DNA in the punchbowl, is that safe and effective too, oilboiler?

How long can they keep the lid fastened on this stinky septic tank of lies, enquiring minds want to know...

Yo, kapex, don't go posting those silly cover-up efforts 'round here...

Anudder song and dance from our keepers, it's like "long Covid", suckers, any story will do, to deflect the truth.

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"The authors begin by noting that SARS-CoV-1 — the virus’ prior version from ten years ago — was never linked to cancer. It doesn’t promote cancer growth. So all the pro-cancer features described in the article are brand new to SARS-CoV-2. Nature was super busy working on this one! The authors say it’s too soon to connect covid-19 to cancer, because we haven’t had a decade of study yet."

OK, then, policy makers in Europe and the resulting energy fiasco, here's Daniel Lacalle with a moron update...

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"Furthermore, policymakers in Europe are not paying attention to summer, because it's not just winter. The peak of demand of energy consumption happens in summer when you have a very high demand for air conditioning, and there's all the massive traveling because of the holidays, etc. And so most of these energy companies tell me, if policymakers are counting on a mild winter, they should also be counting on a very hot summer, which means very high demand for electricity, for natural gas, and for oil. But if policymakers are counting on China to have the same imports as they had in 2022. They're in lala land, they're in fantasy land, it makes absolutely no sense. So there's this huge problem, because at the same time, in that period between winter 2022 and winter 2023. Spain and Germany will have shut down at least three more nuclear terminals. So the dependency on fossil fuels, imported fossil fuels, natural gas, coal, you name it, in periods of low wind, and low solar load factor is going to be through the roof. And nobody's paying attention to this, everybody thinks that they've been incredibly successful, and policymakers credit themselves for the success of this winter's anomaly, without paying attention to how challenging the security of supply system is when all of the European countries are, on the one hand, increasing the exposure to volatile and intermittent energies.

 Obviously, solar and wind, and not making anything or not doing the job at securing the peak demand when there is a global player like China that is obviously going to be there at any price when demand peaks. So you're not going to have the same prices, and you're certainly not going to have the same availability. And policymakers simply have done nothing they have just soldiered on building a more volatile and intermittent energy mix that in peak times, is massively more dependent on fossil fuels."

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Hee, hee, hee, the EuroClown gong show powers on, wreaking havoc on industrial production and peoples' lives.

And "fossil" fuel use goes up, up, up, who's writing these scripts anyways?

Something must have happened in the spring of 2021, gosh, Andy, what in the blue blazes could it be?

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The three year U3O8 party, we're looking for Big Wave 5 up on this tantalizin' and tiny market, beam us up!

Yar, the dense drongos of nater are involved now, noone (Erle) owns any uranium exposure, like, that's weird.

So, the trend shall materialize and intensify, but, there's few companies that have viable deposits, we wait.

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In April at the World #Nuclear Fuel Conference in the Netherlands, Jonathan Hinze of consultants UxC presented the case that the shift away from #Russia's #Uranium could result in a net 33-44 Million lbs PER YEAR increase in #U3O8 demand.

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My esteemed friend, you are concentrating too much on one tiny aspect of the big picture, this be FOA talk, yes?

Honk, wrong, NW'er, a tiny snowball will start rolling, a premium will develop and only intensify as time goes by.

The VAST majority have no clue of the implications of the critters, anytime the subject is brought up, blank stares.

Chinese wise man says, "Hit the road, hound dog".

Ole Hansen, Saxo Bank commodity guy, talkin' big picture copper trends, the future's so bright, we gotta...

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"I think we just need to look at some of the recent M&A activity in the copper space. And you can see how mining companies are really trying to increase and beef up their market shares. A lot of recent takeovers and buyouts and I think that's just reflecting a sector where we have mining companies that are exactly thinking that and looking at the forward projections for demand and how big a share as a small insert that was borrowed from Woodmark in UBS of just how the percentage of copper demand, how it will continue to move in the direction of the energy transition. So yes, it is a potential trouble to the future we're heading into also just looking at some big mining companies like Codelco where they on several quarters last year disappointed in terms of their output relative to what they had projected. And then on a relatively frequent basis, saying its cost of production, its lower work rate, its lack of water as well in some cases that's reducing the output. And these are not problems that are going to go away.

The low hanging fruits has been picked years ago. And that basically means we need a lot more material out of the ground to find the final metal that's required and that requires heavy machinery that requires energy and that and generally the cost of production will remain high. And we prices simply needs to be at levels that makes it worthwhile for these mining companies to take the big decisions and then go out and look for the additional copper that is required. So that's a long term picture."

Grippin' silver inventory news (yeah, ho-hum) from the always insightful TF  (Turd Ferguson) Metals Report.

It's axully (K), (Erle, if you're keepin' score) , Craig Hemke from Sprott, with a comedic nod to Norm McDonald.

PB, that's the Judeo-Christian partnership, read the book, sign up today, get a free decoder ring and X-Ray specs.

Preston Pysh on the global settlement layer, (that's a good one), just Another brick in the crumbling wall.

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Why Everything's Changing

"When building an economy on top of a global settlement layer, that currency or bedrock cannot deflect. For the past 40 years, that bedrock has been the US treasury market (it's massive - tens of trillions of dollars). And for 40 years, anyone who saved their retained earnings in that bedrock saw the value continue to appreciate in buying power. Everyone knows that when bond yields go down, prices go up. The chart below showing the drop in yield (up in price) is why this form of savings worked so well for the world. However, this only works if the bedrock doesn't start to deflect. In financial terms, the bedrock of bonds will deflect if inflation cannot be controlled. As any engineer understands, if the bedrock is deflecting, EVERYTHING built upon it starts to crack and break down. Why does inflation cause the bedrock to deflect? Because investors in bonds need to have a higher yield than inflation, or else they are guaranteed to lose buying power. If inflation is 5% and the bond yields 3%, then you'll lose -2% in buying power if those yields remain persistent."

A tweet from Pepe Escobar, more bad news for the world's largest street gang, boo, hoo, so it goes, a-holes.

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Bakhmut is about to fall.

Remaining Ukr/NATO are trapped. No way to relieve the siege.

All roads deep in mud for at least another 3 weeks.

Then Bakhmut will be no more.

It will have become Artemovsk.

Nobody bothered to tell the empire it's all over, it's not 1945 anymore, those glory days are but a misty memory...

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Mr. Keevil pops in with a big raspberry for the shady dudes at Glencore, honk, game over, bye-bye for you.

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"Glencore's proposal is the wrong one, as well as at the wrong time. Ivan Glasenberg is an interesting guy and a smart man, and his timing is certainly good for them, but not for Teck or our shareholders. I fully agree with Teck’s Board that there is no deal to be done pre-separation with Glencore or any other party."

Hey, we're talking copper, put some cuprous in your toga, Bigley always has some Lundin, CMMC, FCX and IVN.

Thru thick and thin, they never get tossed, we're on the downslope of Chilean output, cut-off grade keeps fallin'.