I’m buying silver, platinum, uranium, oil, and metals for the trades of the decade. I don’t live in Hawaii, just enjoy it immensely! Personal opinions only!
Well, we've finally made it. The ratio of silver miners to
#silver
is at long term support
The last two times this support was hit:
Jan 2016,
Over the next 7 months $SILJ +390%, Silver +53%
March 2020,
Over the next 5 Months $SILJ +256%, Silver +156%
August 2023, ?
POV, you’re a 45 year old white male
You just got laid off from your white collar job
Unemployment pays $400 a week, so you don’t sign up because Uber pays $600
Government doesn’t even acknowledge job loss as an issue
You can’t get hired because no one is hiring and even if…
I'm overdue on updating the fed pivot indicator, and frankly it's showing we have arrived already
We are at the point where the fed would usually halt rate hikes and begin easing again
As they gear up for 75bp in a couple weeks, they would be knowingly blowing up the system
@meghaverma_art
Men being humbled by the beauty, mind, and personality of their bride and the magnitude of the moment may naturally cry as it hits them
Strive to be a woman who can bring a man to tears of gratitude
You currently don’t seem to be that type but perhaps you will grow!
A short summary of
@WallStreetSilv
, aka
@Galactic_Trader
aka Jim Lewis aka James Morrison
- Lied about being a “Merrill Lynch Trader” in his original account
- grew to 10k followers off that
- joined WSS after
#silversqueeze
- immediately started pushing out other moderators
The 2023 deficit is EXPLODING!
For the first 3 months of 2023, the deficit was a whopping $679 Billion!
An increase of 134% over Q1 2022 which was $291 Billion
Receipts: $1,023 B vs $1,070 B (-4.4%)
Outlays: $1,702 B vs $1,361 B (+25.1%)
Lower revenue and higher spending!
Holy shit,
20% of
#platinum
registered ounces withdrawn today, 37.3k ounces
Only 156k remain
Last year there were over 500k
#platinumsqueeze
is drawing ever closer
This is a monumental drain of metal from COMEX and no one cares
#Silver
just had it's 7th largest daily gain in history, rising 8.97%
The largest daily increase was 13.26% on March 18th 2009, and today was the largest increase since that day!
I see many downplaying the price action but today does stand out as monumental
#silversqueeze
The US 30-year treasury is now inverted with the 1 year
That didn’t even happen in the pivot of 2018/19
The fed is really hell bent on making history here it seems!
The green line is the price of homes in the US
The blue line is the cost build a home in the US
I’ve said it before, but where many see unreasonable increases and bubbles, I see
#inflation
🤷♂️
Do homes cost too many dollars, or did the government reduce the value of the dollar?
@JustinWolfers
This is a horrific chart crime in so many ways, as to be completely dishonest
You posted annual change in immigrants compared to a total change over 2 decades for rent
The number of immigrants has increased 50%, not decreased 50% over this period
In 2006-2008 the housing market was being supported by LOOSE credit
The 2020-2022 housing market was supported by CHEAP credit
And there’s a massive difference and many don’t understand or haven’t looked into the stats
We use elevated suicide risk as a reason to cater policy directly for the benefit of certain populations
Why is it ignored in this case?
If the suicide rate for white males is quite literally 10x that for black females? Isn’t that a societal issue?
Dear Canadians
Know that IF a bank run were to occur that there are $22 worth of deposits for every $1 of cash that exists
And a lot of that cash is in circulation outside of banks
Only the first 1-2% of people (maybe less) would be able to get their cash out of the bank
Why does the
#silver
/
#copper
ratio matter?
Copper is 99% industrial demand, while gold is 95% monetary demand, different hedges
Silver is the one in the middle of the two
When silver takes the baton from copper, it represents a shift back to precious metals from industrial
@Cobratate
If this story is true it explains a lot about you actually
Honestly it made me sad reading this
Who would throw away a marriage over something so trivial.
Your dad was not a good role model
Fed balance sheet increased this week, which likely surprised people
They’ve increased the balance sheet by about $20 billion this month, so to hit their goal of reducing it by $47.5 billion, they need to sell $67 billion over the next week
Doesnt seem likely
QT = bluff so far
Look it’s fine if you want Trump in prison, but let’s be fair and put the entire Biden family and the Clintons in there too
And everyone on the Epstein list
And the members of Congress and the fed who insider traded their way to insane wealth
And Janet Yellen and Bill gates…
This chart is essentially proxy for the acceleration rate of interest expense for the US government, and has been a reliable indicator of fed pivot for 30+ years as the fed has ensured the US doesn't enter a debt death spiral
I got a post live on WSB, silver has been censored there for weeks but a mod helped me get by. If you support
#silversqeeze
#Silver
$PSLV then please upvote, bots are trying to bury it
US life expectancy for men is 5 years less than that of women
Why isn’t the male retirement age 5 years less than that of female?
Based on our apparent desire to cater to inequalities between groups this seems an egregious oversight no?
The Credit Suisse CDS explosion to a level above 2008 doesn’t mean they’re going bankrupt
It means they’re going bankrupt IF central banks continue to be hawkish
So the fed/ECB have the choice, pivot or destroy a global systemically important bank
Found out my father passed yesterday from a ventricular aneurysm, so I’m processing that currently
He was 68 and still substitute teaching at the local high school as he was extremely passionate about history (especially US), it was his favorite thing to talk about by far
Inventories of metals continue hitting new lows even as prices continue to fall, and there’s no cappex spending bringing on new mines either
Once we go back to expansionary times we’re not going to have the inventory cushion we had coming out of COVID
Metals will go vertical
@Black_Pilled
Nah he said melting pot
It’s a beautiful thing that we used to have with different cultures and races “melting” slowly into a homogenous American group via assimilation
Now we encourage people to highlight differences and division. Balkanization
@ninaturner
You forgot to mention the part where people keep their entire paycheck so they have more money to spend, as payroll and income taxes are eliminated
And the part where everyone gets a UBI so they have even more money to spend
For anyone feeling discouraged about the
#silversqueeze
because
#silver
is back to $25, just know that under the surface the squeeze is happening. And it’s intense. Banks/shorts are in the fight of their lives and barely hanging on. The dam is close to breaking so don’t let up
Buying precious metals is naturally a contrarian position, as they do well when the seeds of economic mismanagement begin to sprout
So we have a lot of contrarians in this space
I’d say it’s currently contrarian to think home prices will continue to increase rather than crash
Let’s be honest, if the US had more than 8000 tons of
#gold
, it would be on the balance sheet
If they had exactly 8k tons they’d allow an audit
There’s a reason people have been asking to audit the gold for 50+ years and are continually refused
It’s likely much less than 8k
#BTC
just crossed $50k
For $50k you can buy 2 of the 1,000oz
#silver
bars
BTC total supply is 21 million
Supply of 1k oz silver bars is only 2 million
Silver has real usage in every high tech industry
It’s 10x as scarce, half the price, and has real intrinsic value
Retweet!
#Tether
burns another $800 million of $USDT last night to fall below $70 billion mkt cap, lowest since October 2021
Down $13 billion over 6 weeks time
And still no $1 peg achieved
My younger brother is in his mid 20s, got the Moderna vax in July and August 2021
Called me today saying he's going to the doctor because he's been having chest pain for almost exactly a year now
He'd never even heard of myocarditis or the moderna vax connection
Pisses me off
Imagine if the average home price went from $300k to $3 million in the course of a year
Then fell back to $1.5 million and people celebrated that home prices were down 50%
This is what the transitorians are currently celebrating in terms of shipping rates
#inflation
The 2023 deficit is exploding!
For the first 5 months of 2023, the deficit was an insane $743 billion!
An increase of 1416% over 2022, which was $49B through May
Receipts: $1,969 B vs $2,323 B (-15.3%)
Outlays: $2,712 B vs $2,371 B (+14.4%)
Lower revenue and higher spending!
Why is the average person not happy with the economy?
No matter you measure it, family, household, real median incomes peaked in 2019
It’s been declining standards of living for 4 years
Nominally we’re all great. But adjusted for inflation it’s decently rough out there
what is a debt death spiral? It's an increasingly large debt load, with ongoing deficit, that only gets exponentially larger as interest expense increases
The treasury has to issue more bills/notes/bonds to fund interest which drives up supply and can overwhelm demand
@LynAldenContact
I have friend in wealth management, he said the average PPP benefit he saw across his clients was 7 figures. And a lot of those were to shell companies essentially
He also said they constantly complain about welfare
They’re tone deaf
In just the first 6 months of 2023, the federal deficit was nearly $1 TRILLION
Only 6 months, not even during a recession
The deficit is up 607% YoY!
Receipts
2022: $2,783
2023: $2,387 (-14%)
Outlays
2022: $2,921
2023: $3,358 (+15%)
Deficit:
2022: $137B
2023: $971B (+607%)
I know it’s not
#hyperinflation
yet but it’s sure starting to feel like it
Lumber up 198% since 1/1/20
Wheat up 102%
Corn up 88%
Oil up 84%
Coal up 196%
Nat Gas up 117%
Uranium up 94%
Tin up 84%
Nickel up 102%
Copper up 66%
The list can go on much further
Notice in the chart the more white and the more male you are the more the societal pressure to off yourself
White females have a suicide rate several multiples of minority females
Above them minority men are even more likely
Then of course white men are truly despised
#silversqueeze
is happening
All while investors in the west aren’t even participating
ETFs with ongoing outflows, dealers paying under spot to buy back metal
There’s near 0 hype outside the niche
It’s incredible how much juice is left here
Social security recipients are on track to get a 9.8% hike in their checks for 2023
While the trust fund only earns 2.7% on their treasuries
Real wage growth is at -4%
The trust fund will have to liquidate treasury holdings at an ever increasing pace
QT will end soon
Retail traders want $GME and $AMC, ban them from buying it!
Retail traders want
#nickel
? Reverse the trades to save a bank!
Retail traders are buying
#oil
? Shut down $OIL!
Retail wants to go long VIX? Shut down $VXX!
You aren’t allowed to play once real money is being made!
Honda Civics aren't the only type of car out there, but they're an extremely common car make and model and one that isn't flashy in any way
Since 2020 the price of a new Honda Civic is up 48%, but new car CPI is only up 21%
The fed reduced their asset portfolio by $21 billion this week, far short of the $67 billion they needed to reach their goal of $47.5B in monthly reduction
Instead of $47.5B, they reduced it by… $1.5B for the month of June
QT remains a bluff so far
To avoid this, the fed will need to pivot soon otherwise they risk having to do even more easing and monetizing of debt down the road
To keep this line 'inbounds' they need the middle of the curve to fall ~75bp between now and the 24th
thus increasing interest expense even more as yields increase and this spirals out of control, with the only way to make payments being issuing even more treasuries
For the past 33 years the fed has used monetary policy to ensure this spiral doesn't occur
Or maybe they'll allow a brief spike above, and given the length of that chart, maybe 'brief' can be a number of months
But as far as what would be normal fed behavior, we're at the tightening limit for interest rates
120m ounces of
#silver
just disappeared from the LBMA’s books
Lots of commentators were pointing to the fake number showing there is plenty of silver
Any reaction now that a massive amount of metal we thought existed doesn’t?
Maybe it’s time to audit the LBMA (it’s been time)
In case you thought the
#silversqueeze
was fake, just look at COMEX deliveries on a 12m trailing basis. And this is before we get blowout April deliveries too
Absolutely nuts.
#silver
#WSB
has proven marginal buyers matter. No analyst says that $TSLA is worth $700 billion thus retail buyers don’t matter. They don’t say $BTC is worth $1T so retail doesn’t matter. But apparently
#silver
at $75 billion is too large for retail to have an impact.
#silversqueeze
People pile into
#silver
when it’s rising sharply. Everything is a momentum trade now
In the past they piled into $SLV which didn’t affect physical supply
Now they will pile into $PSLV which really does affect it, thus adding gas to the fire
Just need to get momentum
#silver
miners are one of the miserable trades I’ve ever been a part of
Incredible how they just continue to stay at such low levels vs their underlying metal
Still massively on sale, but feels like a department store where it’s always on sale
$SILJ / Silver ratio
Japan is finally saying enough is enough to the fed
They have $1.2 trillion in treasuries they could sell for dollars to defend the Yen if they wanted to
Would make yields soar and cause instability in the UST market, begetting fed action to buy them and expand balance sheet
It’s been 134 months, more than 11 years, since
#silver
closed a week over $29
We are fighting against such a massive line in the sand right now
Shorts know it’s over if they fail here
The fact that
@PeterSchiff
defended unallocated
#silver
accounts again on his show, but without adding anything of substance, shows what a great job the true precious metals community is doing
Keep educating people as to what these accounts are, get a refund, buy real metal!
This could be a huge month for
#silver
in December
Dec 2020: 47m oz delivered
Dec 2021: 46m oz delivered
Currently there are only 36m oz of registered inventories in COMEX vaults
If we had 45m oz delivered for Dec 2022 it would be the 1st time that deliveries exceed registered
I’ve asked random people I know, variety of wealth classes,
All of them think inflation is transitory and if I mention gold or silver I’ve mostly gotten made fun of
This asset class is so hated
They will come around!
#Silver
’s rally peaks, to it’s August bottoms:
April 2004: $8.43
August 2005: $6.63
Difference: -21%
Next: +129% in 9 months
May 2006: $15.17
August 2007: $11.03
Difference: -27%
Next: +93% in 7 months
August 2020: $29.83
August 2021: $22.55
Difference: -24%
Next: ?
Retweet
BREAKING: registered
#silver
declines by SIX MILLION ounces in a single day
I love it so much I broke my silence just to tweet it
Now back to being quiet till 12/8
Let’s go!
Nearly back to the capitulation floor on
#silver
, ~$17.05
Every time we've hit this line it has been a generational buying opportunity
No one wants fire insurance during a flood, and no one wants dollar value insurance with the fed pumping $DXY via rates hikes and recession
Holy shit!
37% of registered
#platinum
inventories gone today as 44k ounces leave the category
Bottom of the barrel in sight now!
#platinumsqueeze
is for real
The 2023 deficit is still EXPLODING!
For the first 4 months of 2023, the deficit was a whopping $503 Billion!
In 2022 the same time period had an $18B surplus
Receipts: $1,661 B vs $1,934 B (-14.1%)
Outlays: $2,164 B vs $1,916 B (+12.9%)
Lower revenue and higher spending!
If
@stoolpresidente
used 30 min to read this DD from
#WSB
he would buy $1m of $PSLV and $SILJ
#Silver
is ready to explode, and it’s so heavily shorted by the suits
1% of US/Canada buying $800 worth of $PSLV breaks it wide open
Retweet!
Remember these?
And the M2 figure for February is out,
money supply shrunk another 0.6%
Year over year that's a decline of 2.4%
THE LARGEST DECLINE SINCE 1930, the Great Depression
Our economy is built on ever expanding money supply, this is wholly unsustainable
There's one other time since 1900 that the US has experienced multiple consecutive months of YoY money supply shrinkage
The great depression in the 1930s
That's the path the fed has us on currently with M2 shrinking, and it's the path they will pivot hard from