RE: TIn Hat time boys... Fed have broken stuff16 Mar 2023 19:09
For those paying attention, you would know that it was cheaper to buy shares than to sell going into the close. That rarely happens with UFO and when it does, SP makes a move up.
Good morning, iron ore futures rose by US5 cents or less than 0.1% to US$130.09 a tonne yesterday as a fall in shipments through one of Vale's biggest export terminals in Brazil timed supplies to a global market that's tightening as demand from top buyer China picks up: https://twitter.com/CommSec/status/1636084342450716673
Good morning, iron ore futures rose by US5 cents or less than 0.1% to US$130.09 a tonne yesterday as a fall in shipments through one of Vale's biggest export terminals in Brazil timed supplies to a global market that's tightening as demand from top buyer China picks up: https://twitter.com/CommSec/status/1636084342450716673
Good morning, iron ore futures rose by US5 cents or less than 0.1% to US$130.09 a tonne yesterday as a fall in shipments through one of Vale's biggest export terminals in Brazil timed supplies to a global market that's tightening as demand from top buyer China picks up: https://twitter.com/CommSec/status/1636084342450716673
Good morning, iron ore futures rose by US5 cents or less than 0.1% to US$130.09 a tonne yesterday as a fall in shipments through one of Vale's biggest export terminals in Brazil timed supplies to a global market that's tightening as demand from top buyer China picks up: https://twitter.com/CommSec/status/1636084342450716673
RE: TIn Hat time boys... Fed have broken stuff15 Mar 2023 15:01
The only way the central bankers managed to keep kicking the can down the road was due to the lag in money printing and inflation showing up in the CPI. Now it's multiples of the 2% target. J-Powell is basically done raising rates and we will get more money printed than all of the previous QEs combined. In 2020, they printed 40% of all dollars. And now we will get trillions more printed. As they said, "There is an infinite amount of cash at the Federal Reserve".
Biden has promised to not let the banking system collapse. But your cash in the bank won't buy much. Hence why commodities & resource stocks are key.
Silver now waiting on CPI data at 12:30pm today. However, regardless of the CPI, Fed has already shown their cards, folded, chickened out and pivoted. We are stuck with very high inflation for over a decade.
@pebsi, just need to look at chart and compare with silver.
UK retail investors (which generally only have access to LSE stocks) can either invest in £5.5bn Mkt Cap FRES (which is difficult to multibag) or invest in the only junior silver play on LSE=UFO (which was best performer on #silversqueeze, SP doubled within 3 trading days - went to 1.60p and 600M shares were traded). JPMorgan tamped down on silver at $30 and J-Powell has been raising rates very aggressively, but will now go into reverse. QE & high inflation. Its all about the dollar. Not possible to tamp down when dollar only backed by trust in Biden & J-Powell which just lost credibility.
"As of just 2pm, estimated sales of #silver and #gold at APMEX are now totaling THE HIGHEST DAY I've EVER recorded for both metals...and there are still 10 hours remaining. #silversqueeze" https://twitter.com/mikesay98/status/1635392379699232768
Physical demand is there. Doesn't take much to push silver beyond $25/oz. Remember 2020. Only 27% of silver is from Primary supply. The remaining 73% comes from a by-product of mining other metals, such as copper, lead, and zinc. Therefore, supply from mining is constraint and currently in significant deficit.