i drift back to a mining play i dabbled in 30+/- years ago <TSX:NTC>…
back then tungsten was languishing well under $100/t…
”In the late 20th century, several mines were established, such as the Cantung Mine in the Northwest Territories, which became one of Canada's primary sources of tungsten.
The Mactung property is considered to be among the world’s largest high-grade deposits of tungsten.
However, by the early 2000s, economic pressures led to widespread tungsten mine closures and reduced output.“
fwiw, NTC (finally) shut down in 2015…
today, with ‘W’ over $3k/t ---> it’s just another pipe dream to ponder those huge capital gains that might have been if ntc had stayed solvent…?
sobeit…
but "W" (#74) now seems to be rising phoenix-like from the ashes for a new lease on life...!
Re: foreign treasuries in Fed custody - it's almost like people noticed the Fed freezing/stealing the assets of countries they have a beef with (Russia, Iran...)
Re: S&P vs consumer sentiment - probably more useful if you looked at changes in S&P vs consumer sentiment...
Regarding silver: Does anyone know why the physical price is still quite low/volatile despite increased industrial, vehicle, tech, solar and defense production demand?
Does it have to do with “The Silver Institute” setting prices? Or more due to bonds, paper etfs, etc? (The money side)
I am but a novice, so thank you all in advance for your insights!
One of the works I have is about exactly that, and why I think their thesis of "cheap silver" is just plain wrong. Like and subscribe (well, don't mind the like, but if you want the email: subscribe 😉). It'll come out when it'll come out.
If the world would just stop providing so much material to write on that can't wait another day 😁
That pesky green chicken keeps harping on that the natural long term trend of all commodities is down.
Which implies any speculation in rising commodities is a countertrend play.
CPMGroup I think agrees with that basic idea, bit reminds that those countertrend movements can last for many years, worst case.
Or best case, like they expects for silver now.
Exception is gold, which they all consider to be a "monetary asset", not a commodity.
Bur wait! Don't they still dig up gold out of the ground?
But wait! What might happen to gold if it should done day loose that magical mystical "monetary asset" quality?
Didn't that actually happen for hundreds of years during what is oddly called "The Dark Ages"?
But wait! What might happen to the value if "Every Thing" if the world population diminishes by say 50% going into 2040, like that pesky Martin Armstrong is prognosticating?
Slowly slowly, no big catastrophy, just lots of small ones stacked on top of each other . . .
I can't tell when the bottom will fall out.
It's like a Jack-in-th-Box... Just keep turning the crank and making the music.
... Pop Goes The Weasil... ;-)
that tungsten chart is “interesting”…!
i drift back to a mining play i dabbled in 30+/- years ago <TSX:NTC>…
back then tungsten was languishing well under $100/t…
”In the late 20th century, several mines were established, such as the Cantung Mine in the Northwest Territories, which became one of Canada's primary sources of tungsten.
The Mactung property is considered to be among the world’s largest high-grade deposits of tungsten.
However, by the early 2000s, economic pressures led to widespread tungsten mine closures and reduced output.“
fwiw, NTC (finally) shut down in 2015…
today, with ‘W’ over $3k/t ---> it’s just another pipe dream to ponder those huge capital gains that might have been if ntc had stayed solvent…?
sobeit…
but "W" (#74) now seems to be rising phoenix-like from the ashes for a new lease on life...!
dyodd...?
Re: foreign treasuries in Fed custody - it's almost like people noticed the Fed freezing/stealing the assets of countries they have a beef with (Russia, Iran...)
Re: S&P vs consumer sentiment - probably more useful if you looked at changes in S&P vs consumer sentiment...
Regarding silver: Does anyone know why the physical price is still quite low/volatile despite increased industrial, vehicle, tech, solar and defense production demand?
Does it have to do with “The Silver Institute” setting prices? Or more due to bonds, paper etfs, etc? (The money side)
I am but a novice, so thank you all in advance for your insights!
I think I'll take this up in an article. But mainly I think because it's in the background right now. And it's not like it's really really necessary.
Similar as oil & food. Why is it still so low? Because stuff ain't breaking right now... And markets are "efficient" 😁
What would you say about CMC Group and their very conservative stance on silver? https://www.youtube.com/watch?v=pUjNkfOWFVc&t=439s
One of the works I have is about exactly that, and why I think their thesis of "cheap silver" is just plain wrong. Like and subscribe (well, don't mind the like, but if you want the email: subscribe 😉). It'll come out when it'll come out.
If the world would just stop providing so much material to write on that can't wait another day 😁
That pesky green chicken keeps harping on that the natural long term trend of all commodities is down.
Which implies any speculation in rising commodities is a countertrend play.
CPMGroup I think agrees with that basic idea, bit reminds that those countertrend movements can last for many years, worst case.
Or best case, like they expects for silver now.
Exception is gold, which they all consider to be a "monetary asset", not a commodity.
Bur wait! Don't they still dig up gold out of the ground?
But wait! What might happen to gold if it should done day loose that magical mystical "monetary asset" quality?
Didn't that actually happen for hundreds of years during what is oddly called "The Dark Ages"?
But wait! What might happen to the value if "Every Thing" if the world population diminishes by say 50% going into 2040, like that pesky Martin Armstrong is prognosticating?
Slowly slowly, no big catastrophy, just lots of small ones stacked on top of each other . . .
But wait!
No, back to the garden now . . .
Great graphs!! Very informative. I want to congratulate you on your ability to produce consistently great content!
I may be in the market for 🐄
Shame I have to eat it.
On Obi-Wan and trump meme: shame DT didn’t only stick his D into Musks droid!
I have a feeling the rebels (in this case MAGA, fighting for said gold reward) won’t have helmets that fit, and the tractors only beam shit.