Viking
Yellow Jacket
He doesn't own BTC.
2026 Lunatic Fringe - Market and Trade Chat
- Thread starter pmbug
- Start date
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Smells like Liquidity event still. Lots of crypto and Private Equity loans still going poof.
These are dark days for PMs. I never expected this. It is an expensive lesson of woulda, coulda, shoulda.
Lots of pundits are saying new highs by end of this year, but I do not see how. We are back to where nothing is analytical again and the opposite is true.
Lots of pundits are saying new highs by end of this year, but I do not see how. We are back to where nothing is analytical again and the opposite is true.
Viking
Yellow Jacket
Banks are still buying gold. Silver is still in a deficit. Patience Grasshopper.
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Gold's Next Move: Armstrong Sees August Turn
Gold has retreated from its record highs, but Martin Armstrong says the bigger story may be unfolding in global debt markets.In this episode of Top of Mine, the veteran forecaster argues that sovereign debt pressures are mounting across Europe and parts of the Middle East, while geopolitical tensions around Iran and Taiwan continue to reshape capital flows.
Chapters:
00:00 Gold, Debt And Global Tensions
01:02 Why Capital Is Flowing Into The U.S.
02:24 Could Iran Trigger A Debt Crisis?
05:08 Europe's Debt Problem Is Growing
06:54 Taiwan And The Next Geopolitical Risk
08:47 Why Gold Has Pulled Back
10:42 Why Gold And Stocks Can Rise Together
14:06 AI, Productivity And The Economy To 2032
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I don't know what's going on in the gold markets of the world...
What I do know is when there is smoke... there's usually fire!
no pay wall here
What I do know is when there is smoke... there's usually fire!
no pay wall here
Tell us they are Out of critical minerals to build their Tomahawks... without telling us just how bad of course.
Viking
Yellow Jacket
Viking
Yellow Jacket
- Messages
- 21,675
- Reaction score
- 12,390
- Points
- 288
Bill’s Commentary:
“The precious metals market is about to change!
Per the two articles below, China’s banks are shutting down leveraged access to paper gold assets for individual investors on July 24, 2026. This will ultimately force funds toward physical metal… these funds have been directed away from physical and into paper for many years in the West. Make no mistake, China will be THE global hub for physical gold and silver trading worldwide. They have built the infrastructure and logistics to handle huge movements of metal. China has imported massive amounts of gold this century, they also produce about 400 tons per year with none exported. It can be illustrated on the back of a napkin that they have a minimum 40,000 tons. Compare that to the US claiming to have 8,300 tons (without an audit since 1956)?
The bottom line is this, we have waited for many, many years for the mathematically inevitable, while China has methodically prepared for the same event by accumulating gold and building out the infrastructure to trade… the real metals. They know that COMEX and LBMA are paper frauds. This is a HUGE signal from China – paper bad, gold good. China waited patiently while we bankrupted ourselves with mathematical certainty. From a financial standpoint, China is in the driver’s seat. They have blown up about 1,000 fiat currencies throughout their history, they know how this ends.
The above said, I believe current pricing for gold and silver is a gift at these levels. The paper yoke of the West was broken back in December, with one last hurrah for the past 4 months. China will dictate price going forward from a physical exchange, paper will ultimately become irrelevant. If you sit on large bank balances while this earthquake shift hits, good luck sourcing product. The time to move is when you have the funds and the ability to source product, the time to “get out of the system” is now!”
Standing watch,
Bill Holter
www.BillHolter.com
Chinese banks rein in retail gold trading on volatility – MINING.COM
End of Retail Bank Gold Leverage in China as ICBC Halts Trading | NAI 500
“The precious metals market is about to change!
Per the two articles below, China’s banks are shutting down leveraged access to paper gold assets for individual investors on July 24, 2026. This will ultimately force funds toward physical metal… these funds have been directed away from physical and into paper for many years in the West. Make no mistake, China will be THE global hub for physical gold and silver trading worldwide. They have built the infrastructure and logistics to handle huge movements of metal. China has imported massive amounts of gold this century, they also produce about 400 tons per year with none exported. It can be illustrated on the back of a napkin that they have a minimum 40,000 tons. Compare that to the US claiming to have 8,300 tons (without an audit since 1956)?
The bottom line is this, we have waited for many, many years for the mathematically inevitable, while China has methodically prepared for the same event by accumulating gold and building out the infrastructure to trade… the real metals. They know that COMEX and LBMA are paper frauds. This is a HUGE signal from China – paper bad, gold good. China waited patiently while we bankrupted ourselves with mathematical certainty. From a financial standpoint, China is in the driver’s seat. They have blown up about 1,000 fiat currencies throughout their history, they know how this ends.
The above said, I believe current pricing for gold and silver is a gift at these levels. The paper yoke of the West was broken back in December, with one last hurrah for the past 4 months. China will dictate price going forward from a physical exchange, paper will ultimately become irrelevant. If you sit on large bank balances while this earthquake shift hits, good luck sourcing product. The time to move is when you have the funds and the ability to source product, the time to “get out of the system” is now!”
Standing watch,
Bill Holter
www.BillHolter.com
Chinese banks rein in retail gold trading on volatility – MINING.COM
End of Retail Bank Gold Leverage in China as ICBC Halts Trading | NAI 500
Viking
Yellow Jacket
Viking
Yellow Jacket
a 400 ounce bar
approx. 27.4 lbs
<sigh>
wish I had a couple of em
Does anyone else thing that AG is a REALLY bad choice of stamps for a supposed Gold Bar?
yer readin too much into an illustration