Member Info for bonker99

Benjy says they're going to roll tanks into Gaza

Buckle up.

"YELLEN: US LIKELY TO TAKE STEPS TO ENFORCE $60/BARREL OIL - WSJ"

They're rolling out the greatest hits now lol

Not gonna break 40m mcap mate but GL ;)

Fine by me - I'm more concerned with the IIs who will be buying in next year at 20p+.

Israel language heating up dramatically - I was just 7 years old last time the bank's pulled this one - Gold 20x bagged in under a decade from there ...

"Having just bought about 105 tonnes of gold during 6 months (and now holding 333.71 tones), the president of Poland's central bank is not resting on his laurels, and he wants to increase NBP's gold holdings to 600 tonnes.

We will continue to buy gold; our dream is for gold in the NBP reserves to reach 20 percent."

“The Shanghai spot price was more than $112 an ounce higher than levels seen in London on Monday…”

Rates up = gold goes up

Rates down = gold goes up

Rates sideways = gold goes up

Gold's long-term bull market is not over until sub $1.7k.

6p, 10p, whatever, it's all just noise - buy and hold for a couple of years, simple.

You can forget about sub-20p when they're pulling 200k+ oz pa out of the ground.

Make hay.

Gold gapped-up $20 too.

Easiest read ever.

Must..have..inflation..

Morning.

Gold gapped-up $20 to $1,850 on the israel stuff - oil too - surprise.

Must..have..inflation..

US Labor Sep Nonfarm Payrolls +336K; Consensus +170K

Just LOL ..........

Also:

"Bidenomics downgrade as the Bureau of Economic Analysis revises down the last 3 years of economic data.

Turns out inflation was higher. Growth and income was weaker. And federal spending is now replacing the consumer.

Gems include $1.1 trillion in vanished savings, a 9-sigma revision down in consumer spending, and higher peak inflation. "

We always thought things were worse than being portrayed - well now we know for sure ...

https://x.com/profstonge/status/1709187945356222746?s=20

Keep stacking.

The problem is that they already did that trick of spreading the pain among everyone foolish enough to lend them money after WWII - fast forward to the 1970s when the 30-year was maturing and those Dollars were worth nothing without the Gold Standard to back them - which is why Gold skyrocketed.

A question rarely asked:

Why didn't the US borrow these current trillions at long-term duration (10+ years) when rates were at zero?

The answer of course is that there were no bidders because of the fiscal money-printing and existing debt levels timebomb.

Fool me once etc.

Rates are going to have to go a lot higher to keep the ponzi going (ala 1970s) but don't expect Gold to fall when they do .......

Silver eh? ;)

Rolling my own Gold and Silver would be interesting - if only I had the time to roll kilos of it eh

You've not tried buying Gold or Silver at spot price these last couple of years then I guess :)

There's the paper price and then there's the physical price.

On top of that is the CRIMEX paper price vs the Shanghai price which has been running away from the CRIMEX price for a while now.

It's a totally distorted "market" but we'll know when it's getting straightened out by those without a vested interest in the Dollar ...

Still waiting for Silver to print $20.5 which is required I think but I've added another 10oz Silver coin to the collection just now for fun :)

https://x.com/bonker_99/status/1709839314194997452?s=20

Morning.

"Russia's Finance Ministry to allocate nearly 400 billion rubles (US$ 4 billion) to purchase currency/gold between now and 7th November.

This is a 10 fold increase on the US$ 400 million which the Ministry allocated during August to buy currency/gold."

Presumably because they wanted to ensure a 7.00p print and didn't care how it was done.

Anyway, get your 14x and 10x timetables out, shts starting to cook in the World right now.

FED SWAP CONTRACTS ASSIGN LOWER ODDS TO ANOTHER RATE INCREASE