Auction Aficionado I don't wear the ribbon.
1990's
Joined February 2025
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Tonight, as we eulogize The Donald I want to emphasize the good he did when he walked among us. Below is truly one of his greatest achievements - we should forever be thankful for this (however briefly it may have lasted)
This guy makes me feel like I'm 20 again. He's going places. Very cool to see. I'm glad I didn't have to go through this process on my own dime. The world belongs to the risk takers...
Engine Collector retweeted
At what point do we stop focusing on who needs to pay more tax and start asking where all of our tax money is going.
Engine Collector retweeted
Because ground beef is $6.30 a gallon, I will be voting for the kill all White people party
Engine Collector retweeted
DSA candidate Tim Denson tries to sell the crowd on “democratizing the workplace” and says Walmart should belong to the workers.
Big mistake. The guy 6 ft away from him grew up in Venezuela. And he’s heard this communist fairy tale before.
DANIEL DI MARTINO: “So you want to take it [Walmart] from its owners and have the workers do what?”
TIM DENSON: “I want the workers to own it and get paid better and have better benefits and be able to provide better lives for their families.”
DI MARTINO: “We can buy shares in Walmart right now. In fact, all of the SpaceX workers became millionaires overnight.”
“You can start a workers’ cooperative right now. It’s legal, but under a socialist country, you’re not allowed to own your own property and start your own private corporation.”
Denson tried to refute Di Martino’s point. Then Di Martino dropped this line on him:
DI MARTINO: “It’s very easy to be a socialist in a capitalist country. It’s illegal to be a capitalist in a socialist country. That is the difference.”
[audience applause]
Then it got personal:
DI MARTINO: “When I had to go to the grocery store, Tim, I had to put my fingerprint in a scanning machine so that they would tell me what I was allowed to purchase.”
“And I could only go Mondays and Saturdays because we have to ration food, because that’s what happens when there’s no profit motive and the farmers, their food is confiscated because they had to sell it to the government and everybody else at the price the government tells the farmers.”
“My mom made chocolate bonbons for parties.”
“Well, people have a right to chocolate, so we had a price control on chocolate.”
“So my mom had to buy counterfeit chocolate, put it in black bags as if we were cocaine drug dealers. That’s what socialism was in Venezuela. That’s what worker ownership of the means of production is.”
“Where has it ever worked?”
Denson had no answer. Because there isn’t one.
HEY EVERYBODY! The MN DFL is finally running an honest campaign! They want to "LEAVE NOTHING ON THE TABLE" -- This is honest. This is exactly what they've done and they plan to do more of it. Tax Me Harder, Baby!!
Non-Partisan Take: Healthcare system is broken... Like all big government overreach we'll be forced to enact regulations to correct the regulations that were intended to fix the regulations. Big Government never acknowledges the failed experiment and stops out on the trade.
US healthcare costs are rising at an alarming rate:
Medical care prices have surged +132% since 2000, the largest increase among major consumer spending categories.
Over the same period, shelter costs have risen +127%, while food prices have soared +112%.
Price increases across all these spending categories have outpaced overall CPI, which is up +99% since 2000.
As a result, ~30% of insured US adults have skipped or delayed getting healthcare they needed due to costs over the last 12 months, according to a KFF survey.
Healthcare costs have never been higher.
Never going to convince me the Euro isn't a massive short sale opportunity. Currency is relative value - Vote accordingly.
Ko smo se odločali za vstop v EU, si ni nihče predstavljal, da bo v kaki njeni članici in uniji nasploh mogoče brez posledic:
1. Razveljaviti predsedniške volitve (Romunija);
2. Ukiniti informativni program na nacionalni RTV (Madžarska);
3. Poslati policijo na Ustavno sodišče (Poljska);
4. Tri tedne pred volitvami poslati v zapor predsednika stranke, ki vodi v anketah (Slovenija);
5. Zasesti nacionalno RTV s policijo in zamenjati vodstvo (Poljska);
6. Prekiniti mandate vodstvu nacionalne RTV in izvesti čistko zaposlenih (Slovenija);
7. Poslati v zapor člane prejšnje vlade brez možnosti obrambe (Madžarska);
8. Podeliti skoraj milijon državljanstev ilegalnim migrantom po hitrem postopku (Španija);
9. Zapreti novo Nuklearno elektrarno in zgraditi plinovod do Rusije (Nemčija);
10. Obdavčiti ogljične energetske vire ob hkratnem zapiranju NE ter preseliti industrijo v države z nizkimi ekološkimi standardi pod pretvezo, da tako rešujemo planet.
Nastala je EU, ki se mora reševati sama pred sabo.
Make or break time for Gold - is the World healing? I think it's plausible that some Gold reserves are being tapped to pay the bills...
Gold: Short-term selling pressure tests longer-term conviction
Gold suffered a major setback on Friday, breaking below key support at USD 3,970 as the selloff across global technology and AI-related stocks intensified. Rising energy prices and concerns about renewed US strikes against Iran after the midterm elections added to inflation worries and weakened risk appetite. Gold closed below USD 3,900, a one-year low, completing its worst October since the global financial crisis with a 12.7% decline.
Technical sellers remain in control, with deteriorating momentum triggering further long liquidation. Gold-backed ETFs recorded six tonnes of outflows last week, modest compared with the roughly 150 tonnes accumulated since July. However, with recent purchases now underwater, investors' willingness to maintain exposure will be an important test of their longer-term bullish conviction. Further liquidations could deepen and prolong the correction.
Hedge funds have meanwhile been net sellers for nine consecutive COT reporting weeks, reducing their gold futures net long to 107,000 contracts ahead of the latest selloff, just 15,000 above this year's low. While speculative positioning has already been substantially reduced, the weakening technical outlook leaves gold vulnerable to further selling.
The broader equity selloff adds another risk, particularly if investors are forced to raise cash by liquidating otherwise attractive holdings. Silver's continued underperformance has reinforced the negative sentiment, lifting the gold-to-silver ratio to an 11-month high near 79.
The longer-term investment case for bullion remains intact. Rising government debt, fiscal sustainability concerns, geopolitical fragmentation and de-dollarisation continue to support gold's role as a portfolio diversifier. However, these structural drivers are currently insufficient to offset technical selling, reduced risk appetite and concerns that persistent energy-driven inflation could keep monetary policy restrictive.
A deeper equity correction could eventually shift attention towards potential Federal Reserve support. Expectations for further rate hikes have already eased from three to two, with additional market stress potentially removing the remaining hikes. A weaker dollar and renewed concerns about fiscal and inflation credibility could eventually provide support for bullion.
For now, the focus remains on global equities, Middle East developments, energy prices and US rate expectations.
Technically, the close below USD 3,886, the October 2025 correction low, has further weakened the outlook. A recovery above USD 4,000 is needed to begin restoring a more neutral short-term picture.
The structural reasons for holding gold have not disappeared, but stabilisation in market sentiment and positioning may be needed before they regain influence over prices.
Engine Collector retweeted
Denmark spent decades building nearly 5,000 wind turbines
Together, they produced 21.6 TWh in the last 12 months
One nuclear plant in Sweden made 23.3 TWh
Oh, and nuclear runs 24/7 — wind doesn’t
There's one big reason Denmark has some of the most expensive electricity in the world
transparency.entsoe.eu/gener…
api.energidataservice.dk/dat…
eia.gov/electricity/monthly/…
iaea.org/publications/16059
Engine Collector retweeted
Oh my goodness.
Big 4 with SPR is the lowest in history.
Big 4 without SPR is the lowest since 2014.
Engine Collector retweeted
Let's review Elissa's work history and see how it may fit into all of this ridiculous "pearl-clutching" that we're doing:
1. Served as the Pentagon's point person on the implications of the Arab Spring.
2. Advised senior Defense Department leadership on political changes in the Middle East.
3. Participated in interagency policy discussions about the Arab Spring.
4. Developed recommendations concerning political reform and its risks throughout the region.
The "Arab Spring" was a wave of anti-government protests, uprisings, and revolutions that swept across the Middle East and North Africa beginning in December 2010.
What began as protests against corruption, authoritarian rule, unemployment, and economic hardship ultimately resulted in the overthrow of several governments, prolonged civil wars, and major changes in the region's political landscape.
Seems like old dogs really can't learn new tricks in Elissa's case. She and her Democrat / DSA collegues are trying to do an "Arab Spring" on those of us who voted for and support what President Trump is doing.
So, as opposed to putting out a better argument as to WHY we should elect people like her, the better option for her and the Democrats at large is to threaten those who vote for the opposition party and set election laws to keep them in power in perpetuity - just like Maduro or any third-world dictator.
Listen to their words. Look at their actions. This is what they absolutely want to do, and they have people like Elissa with her expertise in political upheaval for the sake of overthrowing governments to help...
Here's how I see it:
The Nightmare 😱
Ladies and Gentlemens, doubters and lovers alike…Brent is now pushing up against the neckline of its inverted head and shoulders pattern.
The consequences would be nightmarish if this majestic pattern plays out.
The measured move targets 140.
Below are two charts.
I have inverted the same chart for those who get a little disoriented by the inversion of the head and shoulders.
For your private perusal.
Enjoy.
