2026 Lunatic Fringe - Market and Trade Chat

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).

It's Starting! The gold price is exploding. Treasury announcement. All eyes are now on Sept 15th.​

This afternoon the gold price jumped over $100 in 90 minutes.

The rise came immediately after the US Treasury released an announcement on its website.

In the space of six days Treasury has doubled how often it buys long bonds, and then doubled how much it can buy each time.

The Fed is standing still. The Federal Reserve is not riding to the rescue. On 13 August, the New York Fed announced it would buy nothing at all between 14 August and 14 September.

The logical next step is fuller yield curve control, and that requires the Fed.

Gold is anticipating what the Fed will do. September 15th Could be the day to watch gold.

 


China's SGE has been running at a discount to LBMA spot for the last few days. I have to wonder if that is encouraging an arbitrage trade for bullion banks to buy LBMA gold and ship it to China.
 
Looks like they are now seeing problems in Zinc supplies as well as it soars into backwardation. This is especially important for Silver because many of the largest Silver mines are Ag-Pb-Zn ores. So if they are having trouble with Zinc output then silver is gonna be there too.

HSBC Warns Global Zinc Market Is Flashing Signs Of Tightness <!-- --> | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

1787328385291.png
 
Ray Dalio recommendation for 15% portfolio rotation into gold is making the rounds...

pmbug said:
Free float gold stock (ie. actually available - not owned by ETFs or the Bank of England) in the LBMA + COMEX vaults as of the end of July was only ~2,375 metric tons. At $4,500/ozt, that's ~$344B. A rotation of just ~0.1% of that $350T would be enough to wipe out the entire available inventory of currently vaulted Good Delivery gold bars in Western markets.

The math is even more striking with silver (it's a much smaller market). Free float silver stock in the LBMA + COMEX vaults as of the end of July was only ~15,330 metric tons. At $80/ozt, that's $39.4B (10x smaller than gold). Just 0.01% of the $350T would wipe out available inventory of currently vaulted Good Delivery silver bars in Western markets.
Click to expand...

 
Clive is on top of it!

Panic as Bond Market Crisis Causes Bond Prices to Crumble. Gold Soars. Bitcoin up 22.6% on week.​

 
Posted for amusement



Breaking: Michael Burry has disclosed his updated positions
He:
• Bought CoreWeave $CRWV shorts
• Added to Micron $MU shorts
• Added to Palantir $PLTR shorts
• Added to Semiconductor ETF $SOXX shorts
• Added to Mercado Libre $MELI longs at $1890s
• Added to Lululemon $LULU longs at $115s
• Added to Molina $MOH at $201
• Bought Sprouts Farmer’s Markets $SFM shares at $70s
• Bought Temple & Webster $TPLWF shares in low $3s
• Bought Build-a-Bear $BBW in mid-upper $30s
• Trimmed PayPal $PYPL
• Trimmed Veeva $VEEV

Michael Burry said "The vast majority of people should never short, and likewise should never be on margin."
 
We have Sprouts stores in my area. They have decent merchandise and they are proud of it.
 
So Bessent screwed the pooch in today's presser threatening to kick nations supporting Iran out of the Dollar system/markets (SWIFT) and also threatening sanctions against an unknown major bank (speculated to be China's ICBC). They don't know what they are doing IMO. Playing with fire and going to get burned.
 
You must log in or register to reply here.
Back
Top Bottom