David Winter

@DarioCpx Check this out..Neil Chapman, SVP of Exxon this morning at the Sanford Bernstein Strategic Decisions Conference perhaps going a little off corporate script:

JustDarioCigarTime - Episode 79 ⚠️ CRUDE OIL TANKS BOTTOM: FROM JUST A RISK TO REALITY 🎙️ - Manipulation hides another monster crude oil draw - Oil Inventories Operational Minimum - Oil Shock warnings growing louder youtu.be/ZWvik-L4GwU?si…

@silver207141 No, they are cooking the books.

🦀Total May Silver Delivery Notices @ COMEX: 6,411 contracts = 32.055 million ounces 🦀Total currently in Registered Category: 84 million ounces 🦀Last Delivery Day: TODAY Did COMEX stop the bleeding?

@DonDurrett Hard to chart for a fiat bubble. Charts based on past to predict future work till the paradigm shifts.

Clive Maund has targets of $3500 for gold and $55 for silver. Ouch. Let's hope he is wrong. 😳 youtu.be/4oVcpbUy8kw?si…

@DonDurrett Not a good sign! Nice to know most silver miners are marginally profitable at $40!

🧐

@edzitron I laughed out loud, despite the silver price.

The Business Idiot demands that every achievement or product is coddled and applauded, even if it doesn't exist. That's why Salesforce got away with running ads for its AI products for integrations that don't exist. It's an economy for dunces. wheresyoured.at/the-revenge-of…

Today’s free newsletter is about how LLMs are the perfect grift to exploit an economy dominated by do-nothing managers and executives disconnected from any real work, and how the facade is crumbling as companies pay the true cost of AI. wheresyoured.at/the-revenge-of…

@silver207141 C'mon Michael Oliver, we are counting on you!

The beatings will continue until morale improves.

@silver207141 On options expiry day (today)

Where do you think silver will bottom?

@SecScottBessent @federalreserve Wow. He's admitting that confidence in financial institutions has been lost.

Congratulations to Kevin Warsh on becoming the 17th Chair of the @federalreserve. I look forward to working together to strengthen the American economy and restore confidence in our financial institutions. Today, a new chapter begins at the Federal Reserve with accountability, strong management, and sound policymaking back at the forefront.

@SirSilverQuack Meanwhile they seem to have imposed a floor of 80Moz on registered. Has been + or - 1 or 2 Moz for last 3 months

📊COMEX silver is the “pure untouched virgin” of commodities whispering, “I’m saving my supply for the right buyer” 😇💍 Cute story. Meanwhile another 1.21 MILLION real ounces just climbed out the Eligible vault window wearing last night’s hoodie 🚪📦💨 Now only ~81.7M oz are left trying to satisfy 100,000+ paper contracts at a greasy 6.18-to-1 ratio 📜😵‍💫 The paper market keeps yelling, “Relax bro, she’s totally still pure”… …while the physical ounces are leaving the party in Uber Blacks one bar at a time 🥈🚗💨 Eventually someone stops accepting love letters, demands delivery, and COMEX realizes it promised its “untouched supply” to six drunk groomsmen, three banks, and a guy named Dave with a forklift 🚛💀🔥

@duediligenceguy Dont get why the BVs give a fig about the overnight rate. Unless they do QE bond rates are going up.

;-{)}

@MiningStocksHQ @maneco1964 79 Moz April contracts cash settled instead of rolling. Seems unusually large. Incentivised to cash settle, or fed up players saying "im out" ? 5Moz of May silver hasn't been delivered yet. Suspect someone can't perform? Cash settlement on this incoming?

Silver lease rates just hit 6.8% annualized in London. Most people don't know what that means. Here is the explanation: A lease rate is what borrowers pay to access physical silver for industrial use. When rates are low — 0.5% — silver is abundant and easy to borrow. When rates hit 6.8% — borrowers are paying a massive premium because physical silver is genuinely scarce. 6.8% is a stress signal. At the end of May, June COMEX silver futures hit their first notice day. Institutional buyers can demand physical delivery instead of cash settlement. With silver in its 6th consecutive year of supply deficits and 95 million ounces having left the US in just the first 2 months of 2026 — physical delivery pressure is building. $SIL $PAAS $HL $AG $WPM

@badcharts1 Gold miners have not been better value compared to the gold price for as long as you can plot the HUI.

Truth About The Gold & Silver Miners. Yes, they had a great run. Most of our winning trades have been miners in the past year. But that seems done now. I wouldn't trust anybody that can manage to spin this as a lower risk, higher reward "BUYING" opportunity.

@KobeissiLetter Trucks full of toner arriving at the Fed.

It simply won't stop. It is Sunday night and the US 10Y Note Yield just casually hit 4.63%, the highest since February 2025. We are now ~4 basis points ABOVE the high that prompted President Trump's "90-day tariff pause" in April 2025. This puts the 10Y Note Yield up +70 basis points since the Iran War, with US mortgage rates now nearing 7.00%+. And, in a sudden turn of events, the odds of rate cuts have collapsed to 2% this year and US inflation is nearing 4%+. The US bond market is collapsing in real-time.

@TaviCosta Real profits... not the circle jerk profits of AI, with warehouses of presold H200s waiting for data centres that havent been built.

Mining companies today are generating the largest profit margins of any sector in the global economy by far. Much of the market remains asleep and still analyzes mining through an outdated framework from decades ago. To be clear: Miners today are producing profit margins nearly double those of tech companies. At current metal prices, this environment is absolute nirvana for well-run mining businesses. tavicosta.substack.com/p/mining-more-…

@silver207141 Import duties are just bigger profit margins in the rampant illegal trade. Strange move from Modi.

India — the world’s #1 silver buyer & importer (~80% of its needs via imports) — just hiked duties to 15% + slapped licensing requirements on silver bars/ingots. Lower demand from the biggest buyer = downward pressure on global COMEX/spot prices short-term. Long term bullish structure still in tact, but not good short term.

@MacleodFinance Austrian crack up boom. Dollar loses value, people dont want it, buy equities and gold.

Stock crash looms open.substack.com/pub/alasdairma…

@MBAeconomics1 Dont get why you wouldnt just buy gold. Who prefers to trust the government to give you gold in 30 years when you can just buy it now? What am I missing?

30 yr. bonds have exceeded 5%. If we reach 7%, thats nearly $3 trill per year interest per year on $40 trill debt. Theres only $5 trill of tax receipts per year. There will be a #gold revaluation in July, 2026. It will happen to save the USA from insolvency.

@DonDurrett @JasonEBurack Its a top pick on GSD. 13Moz AU 450Moz AG + huge exploration potential. Yet you think the Nvidia of the SC bubble?

@JasonEBurack Perhaps, but we don't know their break-even costs. I'm confident gold is going higher this year. I think Eric Sprott's bet might pay off. But I agree with you that the risk-reward remains ugly even with this infusion of cash.

Wow, what a turnaround for Hycroft. Their shares were under 30 cents a couple of weeks ago. Somehow, they were able to raise $194 million via share dilution and increase their valuation by 7x. Stunning. You rarely see turnarounds like that from cash injections.

@BarbellFi Do your own inflation calculation first (compare the prices of things you buy to what they cost pre covid). Include insurances, transportation and maintenance, food, cost of home visits by tradesmen, postage etc. The CPI is designed to trick you into buying bonds.

The 30 year treasury yield is now 5.1% Convincing my wife to sell our house We’d net $800k after closing Dump all that into 30 year bonds Collect $40k/year for 30 years Use that money to pay rent Never deal with the lawn or a leaky roof And get my $800k back in 30 years 😳

@MarioosRacer @WillListen50 @ProudSocialist Sorry you lost so many trucks. 11 million lives vs 250k.....dude.

@DavidWinte10863 @WillListen50 @ProudSocialist Right....russians won by themselves against the germans...right...Learn history dude!

Xi Jinping is putting on a clinic: “The whole world is watching our meeting. The International situation is turbulent. The world is at a new crossroads: Can China and the US overcome the Thucydides Trap and create a new paradigm to meet global challenges together.” The Thucydides Trap is the structural tension that occurs when a rapidly rising power (China) threatens to displace an established ruling power that is in decline (US). By mentioning the Thucydides trap, Xi Jinping is signaling that China is the new leader of the free world and what’s remarkable is, unlike the U.S., China achieved this without dropping bombs, waging endless wars, or spending $1 trillion a year on its military. Instead China became the leader of the free world by investing in its people with housing, education, health care, and the best modern infrastructure in the world, and investing in its neighbor countries through its Belt and Road Initiative, which has funded ports, railways, and energy networks across the Global South. The US became a “superpower” through endless wars, corruption, and selling out its own people to the billionaire class while China became a superpower and surpassed the US by building trade and relations with the world and investing in its people instead of wars. Americans would be wise to take note and then change our corrupt government.