John Makan

Bitcoin is to money what Beyond Meat is to meat.

ICYMI: Visible #silver inventories tracked by major exchanges from New York to Shanghai are either falling or sitting well below their long-term averages, suggesting metal remains scarce in the broader system. And the market has reason to be worried. /1 of 2 bloomberg.com/news/articles/…

@brian_armstrong @markgoodw_in So Bitcoin is the best money, but it will help an inferior money to stay dominant. Oooookkie. Sounds like the scam is starting to be revealed. Pay attention.

Bitcoin is a check and balance on inflation. When spending gets too far out of hand, capital moves to Bitcoin. Competition benefits customers, and this applies even in the market for money. In this way, Bitcoin will help preserve dollar dominance.

@TrendSpider @LukeGromen That is an ugly candle, damn

Worst month for $GLD since... *checks notes* Oct 2008 Make of that what you will.

@RealKeithWeiner @MattStirner @RockChartrand And for the Bitcoiners,most marketable means most likely to be offered and accepted by the masses. Offered and accepted more than any other good. Something Bitcoin can never achieve as I explain in The Bitcoin Gambit.

@RockChartrand Currency is a claim on money, which has been dishonored since 1971. Money is the most marketable commodity.

“If money is infinite, why is there poverty?” Because money isn’t wealth. It’s a claim on wealth. You can print claims. You can’t print the goods and services those claims are supposed to buy. Give everyone $10 billion and nothing gets richer. Prices just explode until that “wealth” buys nothing. Poverty isn’t a shortage of paper. It’s a shortage of production. Printing money doesn’t solve that. It hides it for a moment, then makes it worse.

I see they have saved tech stocks after hours yet precious metals continue to fall. I can guarantee all of these market moves are US "national security" measures. The whole world should demand silver delivery from Comex and put an end to it.

You didn't think they would introduce a CBDC without a global food & energy shortage did you?

A useful piece from someone we know. kitco.com/news/article/2…

Geological arm waving at Anza takes place in a tent as the office block fell down after an earthquake a few months back. Keeps the rain off, but with temps in the mid 30s it can get a bit toasty around mid afternoon. With another rig arriving tomorrow to start drilling at APTA, we need to double and triple check where the first hole will go. APTA has quite a bit of drilling, close to 39,000m (very little of that by us) and while some of the numbers are amazing, geologically there remain many questions to answer as we feel that much of the old data were either not collected in a fashion that was geologically useful, or were mis interpreted. This first hole then is largely to test what we think may be going on - what happens after that depends on what this hole shows us. We step out to expand the footprint, we infill to move to MRE, or perhaps both.

I have never seen such an unnatural looking chart, not even in shitcoins that have no value. This is the chart of the most conductive metal on the planet, a critical and strategic metal, and the most used money of all time. I would love to see any chart that is more manipulated, daily timeframe #silver

What a humiliation for Donald Trump: the US effectively de-sanctioned 140 million barrels of Iranian oil, worth around $14 billion, and it will be sold in yuan, not dollars.

Do what the smart money does...

🤦

This gold pullback will look like a blip on the chart to $10,000. Everyone will look at that chart and think "people sold when war broke out"?

@WebDesignerUSD It is controlled by paper speculation, until the bankers who sell short run out of physical - which is nearly impossible as they use the ETFs as a pool of physical that they can rob when needed. People buying silver ETFs are fueling the bankers to short sell Comex futures.

@BitcoinGambit Why Silver crashed so badly despite being safe haven and high demand commodity! 💡👍

I am a silver bull and believe the real unmanipulated price is much higher than $72, however the reality is that the massive smash to $64 in February did real damage to the chart structure. The low at $64 needs to be tested, yesterday came close @ $65.47 which resulted in weak bounce. I would rather that this complex correction test the $64 ideally $62 or even $60 before the bull continues higher.

@63902slycompute @TaviCosta @ThHappyHawaiian What a moron, and a cheeky one at that. No, private bullion sales do not move the market.

@BitcoinGambit @TaviCosta @ThHappyHawaiian But thousands or millions of other people do the same thing it moves the market. Stackers are some of the dumbest motherfuckers on the planet. You had the moon shot but too stupid to sell.

The selloff in silver over the past 15 days has been one of the most extreme moves we’ve seen in history. Only two other episodes are comparable: One marked a major peak, the other a major bottom. Personally, I have never seen a true peak in precious metals under conditions like these: · Supply historically constrained · The capex cycle still near record lows · Large new discoveries virtually nonexistent · Stagnant production · No meaningful new projects coming online More importantly, the entire industry still represents only ~1% of global equity markets. Let’s dive into a few ideas: tavicosta.substack.com/p/gold-time-to…

And price falls... ofc

I see gold is selling off again. I guess nobody wants to hold gold going into the weekend because of "war". /s