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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (206101)	6/12/2024 6:07:20 PM
From: TobagoJack	Respond to of 217838

Back to regular programming … Latest buys of gold and silver since Tuesday worked out if only still by smidgeon. The numbers, they went up, lower left to upper right, righteously. Currency of the truth domain gained on fiat domains. I am guessing that the authorities shall always choose financial stability over monetary chaos, and that, given a choice in the form of a conundrum, opt for a roaring financialized market, because they are literally invested and thus vested. We just have to keep kung fu death-grip on getmoregold&silver, ride along to get along, and wait for that once per 100-years reset to make noise of ecstasy on day when gold doubles, common equity halves. We had a taste of such 2020, and 2008 when deflation reigned supreme. Just one more time, or more succinctly, to literally save space, justonemoretime. finviz.com

To: bull_dozer who wrote (206101)	6/12/2024 6:34:52 PM
From: bull_dozer	Read Replies (2) \| Respond to of 217838

🇸🇦🇺🇸 Saudi Arabia ditches US dollar and will NOT renew the 50 year 'petro-dollar' agreement with the United States. Saudi Arabia will now sell oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. pic.twitter.com/BJiB5kgWoW — Radar🚨 (@RadarHits) June 12, 2024

To: bull_dozer who wrote (206101)	6/12/2024 6:58:25 PM
From: TobagoJack	Respond to of 217838

Dozer, first I remind ourselves that most happenings reported by Bloomberg edges on truth as observed, but enough reports are deliberately false, placed to distract us, and one good and recurring example being anything to do with <<China rice pellet-sized spy chip Amazon Apple Ingram Micro>>, as well as anything to do with <<China missiles filled with water, not fuel: US intelligence Xi seeking to root out corruption, prepare military for combat>> as followups, the spy chip stories just died a natural death per my observations here Message 34536509 ... Neo-people tend to just make up stuff and keep repeating them, then quoting each other in echo chamber, believed by cretins, morons, dullards, ... , and knaves, and and and, and oh, wastrels ... Bloomberg first broke both 'stories', re rice pellet spy chips, and watery rockets bloomberg.com China missiles filled with water, not fuel: US intelligence Esteemed CSIS referencing Bloomberg, predictably, and so went the daisy of expert reports csis.org China’s Waterlogged Missiles Don’t Matter rfa.org China's air force 'burned missile fuel to make hotpot': ex-officer and the watery rocket story exposed here asiatimes.com Water in Chinese missiles’ tanks is a fake story ... According to what Bloomberg News describes as a US intelligence report, Chinese authorities discovered that some of their missiles’ fuel tanks were filled with water – and that this was a marquee example of corruption whose unraveling led to Chinese President Xi’s recent military purge. Bloomberg reported that it got the information from unnamed people who were “familiar with” a US intelligence assessment and that those US sources also said that new Xinjiang missile field silos were fitted with lids that were not installed properly and would not work – taken as another example of corruption. Pentagon officials and “experts” are telling the press that the import of the twin tales is that China is weak and cannot fight. Yet the sources “familiar with” the intelligence say they cannot validate the information they provided Bloomberg. The leaked “intelligence” that Bloomberg cites as its ultimate source leads inexorably to major questions. Under close examination the claims cited in the report seem to be fake.

To: bull_dozer who wrote (206101)	6/12/2024 7:15:16 PM
From: TobagoJack	1 Recommendation Recommended By marcher Respond to of 217838

Keeping in mind the stories broke by Bloomberg w/r to rice-pellet sized spy chips, and to watery rockets, Message 34698906 both ridiculous to the point of pointlessly childish, let us give a think to the current Bloomberg story re China stopped importing gold My observation front of mind is a simple one, that, if PBOC did not buy gold during May, and gold still hit an all-time-high, what would gold do once PBOC is back? Further, never mind whether PBOC did or not buy gold, either directly or by proxy, did anyone else in China buy gold at a premium? Before signing off on this top, Bloomberg is a FF, make no mistake bloomberg.com Gold Slumps as China’s Central Bank Halts 18-Month Buying Spree PBOC stockpiling has been key to precious metal’s rally Spot gold drops by more than 1% after reserves data released Sybilla Gross 7 June 2024 at 17:42 GMT+8 China’s central bank didn’t buy any gold last month, ending a massive buying spree that ran for 18 months and helped push the precious metal to a record high in May. [Central bank might not have bought any gold during May, but did any other organisation in China buy any gold? Did the people buy gold? Did the people pay premium for the gold they did buy?] Spot prices for gold fell 1.5% after the People’s Bank of China said its bullion holdings were unchanged at the end of May. The bank had been stocking up its reserves since November 2022, leading a flurry of purchases by the world’s central banks amid rising geopolitical tensions. [PBOC gold hoard does not change most of the time until they announce taking in gold either directly or from one of its many proxies, such be army, navy, airforce, armed police, state-owned banks, investment banks, custodial entities in Hong Kong, etc etc etc and oh, etc] “My initial thought is that China, a major driver of the gold rally in the past year, is nowhere near done buying gold,” Ole Hansen, head of commodity strategy at Saxo Bank AS, said in an emailed note. The pause shows that they are balking at the prospect of paying record-high prices. [Good-enough guess] Gold soared to an all-time high above $2,450 an ounce in May, supported by strong central bank buying. The PBOC’s demand for bullion has come as the world’s second-biggest economy seeks to diversify its reserves and guard against currency depreciation. [Currency depreciation did not stop in May] First-quarter purchases by the world’s public institutions were at record levels, with China the biggest buyer, according to the World Gold Council. The PBOC held its gold holdings at 72.80 million troy ounces in May, which was up from 62.64 million troy ounces before the long stretch of purchases. Fading AppetiteThere had been signs that China’s demand was cooling as higher prices took their toll. In April, the PBOC bought only 60,000 troy ounces, down from 160,000 ounces in March, and 390,000 ounces in February. The country’s imports in April, meanwhile, slipped 30% from the previous month. [PBOC does not have to buy at all in order for its gold hoarding to go up. Proxies are good enough for buying and holding] The risk for gold bulls is that China’s voracious appetite for bullion has left the precious metal vulnerable to any potential shift in demand. [China needs to strategically unload its Dollar and Euro holdings, and both holdings keep going up unless dumped into gold and silver and copper and and and because the trade surplus keeps on rising] The initial price reaction “looks a bit technical,” said Nicholas Frappell, global head of institutional markets at ABC Refinery in Sydney. “It would be surprising if the announcement represents anything other than a pause in the general trend of ongoing official sector demand.” [Yeah] Spot gold was trading at $2,341.40 an ounce by 10:36 a.m. London time, down 1.5% on the previous close. — With assistance from James Poole and Andrew Janes

To: bull_dozer who wrote (206101)	6/12/2024 7:35:23 PM
From: TobagoJack	Respond to of 217838

*>> the fcking fcks* yesterday's closing prices of gold and silver on Shanghai exchanges that are mostly physical. Casual perusal suggests Bloomberg is misleading, inadvertently or otherwise, your choice sge.com.cn Gold @ RMB 545.87 / gram (at 31.1035 gm = 1 troy oz, and RMB 1 = US$ 0.137849) => US$ 2,334 per troy ounce closing price vs NYC open of ~$2,312 Silver @ RMB 7,740 / kg => RMB 7.740 per gm => US$ 33.19 per troy ounce closing price vs NYC open of $ 29.35