Member Info for BuggerTheBanks

And they'll do it for far longer and far higher than most people here expect.

Trade accordingly.

No doubt on the news that Japan is re-considering its position on nuclear power. Share buy-back is good news, too.

How much of our sales is on fixed price contracts, though?

If you think energy (in all forms) is expensive now, you ain't seen nothing yet. Buy camping gas (while you still can).

Good question, Sam. I can't answer that (although I'm sure there are others here who can), but I have a question of my own...

When the electricity grid goes down (& power suppliers can no longer get their wares to market (so to speak)), do these shares become priceless, or do they collapse?

ZeroHedge's take on it. Excellent comments section...

https://www.zerohedge.com/commodities/jpmorgan-precious-metal-traders-found-guilty-spoofing-had-power-manipulate-global-price

https://www.zerohedge.com/commodities/jpmorgan-precious-metal-traders-found-guilty-spoofing-had-power-manipulate-global-price

The United Nations' "Agenda 2030" involves the abolition of ALL private property rights, so they're certainly not going to let any of we plebs own physical. This is not a "conspiracy theory": you can read it direct on the UN website.

Or, if you'd rather read it with a bad German accent, go to the WEF website & have Herr Schwab narrate it for you. These supra-national organisations are all in bed with one another & consider the common people to be the enemy.

YOU are the carbon they want to reduce.

If gold goes to $3,000 p/oz, a loaf of bread will be $30.

The Fed won't pivot. September's FOMC meeting will be fun.

Both inflation & energy prices will be higher next year.

The EU is already rationing energy at the height of Summer. What do you think it's going to be like in the depths of winter? Industry will be shut down. Demand for industrial metals (including silver) will go through the floor, not the ceiling.

The USD has 8 years left MAXIMUM. Yes: gold will go to $4,500, but it's not as appealing as it sounds when a loaf of bread costs $60.

You will own NOTHING...& you will be happy.

PM "markets" really are a farce. Gold & silver slammed on the hottest US inflation print for over 40 years (because, of course, high inflation is bad news for inflation hedges like gold). The metals rallied quite nicely into the close, but then got monkeyhammered back down overnight.

GOLD CANNOT BE ALLOWED TO RISE. That is perfectly clear. Miners the world over are going to go bankrupt as soaring inflation adversely affects their AISC, whilst the price of the commodity they produce is artificially suppressed.

You're much better off holding physical than the producers. Anyone care to recommend the best place to buy?

You're assuming they want to save the economy.
What makes you think that?

Metals just fallen off a cliff.
Or were they pushed...?

Gold will end the year lower than it is today. GS must be one of the best contrarian indicators out there.

Yep: seems to make no ******* difference to the price of PMs: gold up £4, silver up 2p (rolls eyes).

This is the ZeroHedge take on it. The comments are insightful and entertaining...

https://www.zerohedge.com/markets/biden-g-7-will-ban-russian-gold-imports

Let's not forget, the Russian Central Bank is about to adjust the Rouble:gold (soft) peg...presumably DOWNWARDS given the strength of the Rouble, so expect metals to get monkeyhammered again. These Western sanctions seem to be doing far more damage to us than they are to Russia....almost like it's by design.

Yep: seems to make no ******* difference to the price of PMs: gold up £4, silver up 2p (rolls eyes).

This is the ZeroHedge take on it. The comments are insightful and entertaining...

https://www.zerohedge.com/markets/biden-g-7-will-ban-russian-gold-imports

Let's not forget, the Russian Central Bank is about to adjust the Rouble:gold (soft) peg...presumably DOWNWARDS given the strength of the Rouble, so expect metals to get monkeyhammered again. These Western sanctions seem to be doing far more damage to us than they are to Russia....almost like it's by design.

Replying to your own post is bad etiquette, I know, but this trust is a complete pig.

https://www.zerohedge.com/markets/fda-order-juul-e-cigarettes-us-markets

Just as The Fed meets. BoE decision tomorrow.
We could get rising rates AND QE.
Nothing to see here...

MAG Silver (our Juanicipio partner) is down 9% today. The reason for our rise beats me, but is welcome in a sea of red nonetheless.