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Joined August 2020
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That would put the last nail in the coffin for all gold/silver bugs theories of the Fed not being able to raise rates. Honestly it would be refreshing.
JUST IN: 🇺🇸 Bank of America warns Federal Reserve could raise interest rates by 50 basis points in December after CPI came in higher than expected.
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Copper 🔥
The Yangshan Copper Premium hits another all-time high... as Jimmy McGeoch at @GoldmanSachs said this morning, 'the physical copper market is tight as a drum'.
We are hearing that China’s refined copper market will continue to tighten at least through the end of the year, keeping the Yangshan premium elevated. The driving forces are on both sides: reduced domestic smelter supply and improving downstream demand.
Plans for fourth-quarter production cuts by Chinese smelters have been known about for the past few weeks... The global shortage of copper concentrates has driven spot TC/RCs to RECORD lows, and it has become increasingly hard for smelters to make an honest living, causing shutdowns.
This comes at the same time as two of China's major electricity grid operators have opened tenders for ~400 procurement packages for upcoming grid investment programs. Bids close soon, link to tender calendar: datadianli.com/calendar
Even with refined copper imports expected to rise to 270,000 tonnes per month (previously ~230,000 tonnes per month), to ease some of the pain... it is feasible that Chinese inventories could be depleted by year-end...
We could be in for a 'stock-out'.
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Tangible Investing retweeted
American Eagle Intersects 277 Metres of 0.41% CuEq and 410 Metres of 0.37% CuEq at NAK; Phase 2 Step-Out Drilling Underway $AE.V tinyurl.com/24fmggoq
Tangible Investing retweeted
Gunnison Copper Confirms High-Grade Massive Copper-Zinc-Silver Sulfides at Strong & Harris, Including 40 Feet Grading 5.1% Copper and 12.0% Zinc $GCU.TO tinyurl.com/256mo4vv
Tangible Investing retweeted
NYSE will settle tokenized stocks on its upcoming 24/7 trading platform exclusively on @avax !!
NYSE's existing technology matches the trades while Avalanche settles them instantly.
Incumbents aren't rebuilding the market stack, but upgrading the layer where friction costs the most, on @avax.
NYSE to Settle Tokenized Stocks on Avalanche Blockchain on.wsj.com/4Al7cLx
Tangible Investing retweeted
BREAKING: $13T @CharlesSchwab adds AVAX to Schwab Crypto
Schwab Crypto clients can now trade AVAX, marking the platform’s first crypto expansion beyond Bitcoin & Ethereum.
Tangible Investing retweeted
Avalanche is quietly smashing records.
DEX volume doubled to $5.33B. Card spending surged 74%. Onchain credit jumped 34%.
Meanwhile, RWAs reached $1.22B on the C-Chain.
$AVAX is making a serious play for real-world finance.
Tangible Investing retweeted
The physical oil market is fully balanced, so if the shipping costs and insurance costs drop from here, we will see MUCH lower prices. Oil futures are 51% net long of open interest, where they were in March.
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"I leave this institution with a sense of a good job done"
Missed the inflation target for 5.5 years, 3.8% inflation, chaos in French streets, sovereign spreads blowing up, and continued economic decline.
Makes one wonder what a bad job would have looked like.
youtube.com/shorts/aefPjJ2g0…
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Love these guys 😂
So a crash from over 120 to under 50 is not a capitulation, it's just the move to come close to capitulation 😂😂
Gold and silver prices coming dangerously close to capitulation levels – Jesse Colombo
(Kitco News) – #Gold and #silver are testing key support zones which, if definitively breached, could result in a broad capitulation in precious metals, according to Jesse Colombo @TheBubbleBubble , independent precious metals analyst and founder of the BubbleBubble Report.
Colombo said Friday’s price action is somewhat unusual, because it's not driven by a clear surge in the dollar.
kitco.com/news/article/2026-…
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