JHSinWLA

@MBAeconomics1 @KingKong9888 No one trusts USG to honor a "commitment." If it happens, if anyone buys 50-year paper based on a USG 'promise' to convert into metal it doesn't hold? 50 years from now history will record it as the World's Greatest Gold Heist.

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.

@InTheAssembly Is 6 to 20 weeks ago a "brand new" position?

Citadel just rotated billions across their entire book in a single quarter, exiting two major positions and initiating a brand new $1.4 billion bet. Here is exactly what Ken Griffin is now positioned for:

@SilverGold_News Kindly post your receipts for your post, unless you're just makin' sh*t up. Who exactly is selling today, how much, as you proclaim?

Bad day for Precious Metals across the board - #Gold and #Silver smacked down hard losing recent gains. Right now governments need liquidity to buffer their economies from the geopolitical storm caused by the straights of Hormuz crisis, and some are selling Gold to survive. The Chinese will be buying. The long-term fundamentals haven't changed the Bull Run case. Just endure the noise and ignore (or accumulate) during the dip.

@NoLimitGains That's false. The section 13 SEC reports are as of March 31. He may have sold the position in the 6 weeks since-- a favorite gambit by widely followed funds.

Michael Burry just added these 2 stocks to his portfolio:

@IdealGarcia @porterstansb What are the sharp ratios of each?

@porterstansb If you had to pick one….John Doody or Garrett Goggin

Just got off an incredible call with John Doody (johndoodysfave5.com). If my long-time readers don't remember him, John has been my personal go-to Gold Analyst since 2004. I went to Ft. Lauderdale to meet him in person with Steve Sjuggerud because we could not believe the returns he was making in gold stocks. John's been making ~ 50% a year, for 30 years, doing one-type of investing in gold stocks. He's up 250% with only seven stocks in the last two years. @JohnDoodyGold He's a legend.

Legendary investor? 🤣 Idk, but he is the worst ceo of any pubco in the pm sector (see jerritt canyon and all of $AG performance PER SHARE across any time frame you choose. He's also a terrible manager, abusing his senior staff. How many VP-IR or IR Directors in the past 5 years? Those don't get press releases. Can the worst ceo be a good investor? Highly unlikely as good CEOs must excel at capital allocation and M&A.

Legendary investor @keith_neumeyer continues to add to his @WestwardGold position. Recently buying 1M shares in the market, bringing his position close to ~10M shares, making him a major shareholder alongside institutional investors @Crescat_Capital (12%) & Concept Capital (9.9%)

@SpeculatorPL1 Cde has much exposure to 🇲🇽 and Latam. HL is N America. I weight them accordingly.

The whales are NOT just investing in $CDE. They are loading the mother of all boats. Look at the options flow — massive, aggressive institutional bets on the $25 Strike Calls for June 2026. This isn’t a hedge. This is a targeted strike. Smart money is positioning for a serious silver squeeze and parabolic move in miners. The data from yesterday’s CDE earnings only confirms it: Coeur is now a free cash flow machine. Who else is watching the whales? #Silver #CDE #PreciousMetals

@IR_Media24 So the US attacked 🇮🇷 over its alleged "ambition?"

🇺🇸PETE HEGSETH: Iran’s nuclear facilities have been obliterated. 🇺🇸REP. ADAM SMITH: You said we had to start this war because the nuclear weapon was an imminent threat. Now you’re saying it was completely obliterated? They're Exposing Themselves.

@Sorenthek @LukeGromen THIRD biggest export. #1 Diabetes #2 Corrupted over priced bonds & private credit assets. There, fixed it🫡

@LukeGromen Our biggest export! Lol

Put another way- it’s not the amount of gold they’re buying. It’s the amount of money they’re spending to buy. They just don’t care anymore. They need the gold so they print the money to buy it.

According to grok. Here’s the latest on the **operational timelines** for the two neighboring facilities in Halifax County, Virginia, based on company announcements, project updates, and recent reporting (as of early 2026): ### Hitachi Energy Large Power Transformer Facility (South Boston expansion) - **Current status**: This is a major greenfield-style expansion next to Hitachi’s existing ~60-year-old transformer plant. Site preparation and early construction activities began in late 2025, with major building phases ramping up through 2026–2027. Hiring for leadership roles is underway, and the county is supporting workforce housing to help fill the planned 825 new jobs. - **Full operational target**: The new facility is expected to be **fully operational and the largest U.S. site for large power transformers by 2028**. First shipments of large power transformers from the expanded campus are targeted for **2028**.2 - **Key milestones**: Construction start (late 2025/early 2026), progressive ramp-up in 2027, commercial production/shipping in 2028. This aligns with surging U.S. demand for grid infrastructure tied to AI data centers, electrification, and high-voltage transmission. No major reported delays as of recent coverage, though large industrial projects of this scale can face typical construction or supply-chain variables. ### IperionX Titanium Manufacturing Campus (recycled/processed titanium production) - **Current status**: The campus is already partially operational. IperionX has achieved first titanium production runs (using its hydrogen-assisted metallothermic reduction process) and is actively scaling from recycled titanium scrap feedstock. It has secured significant U.S. Department of Defense (DoD) funding (full $47.1 million award completed) to support expansion. The site has ISO 9001 quality certification and is producing powder and components, with ongoing upfits for next-gen technologies. - **Expansion and scaling**: Powder production capacity has already been lifted (to ~200 tpa levels in earlier phases), with a major expansion to **1,400 tpa** underway. Commissioning for this scaled commercial capacity is targeted for **mid-2027**, which would position it as one of America’s largest-volume, lowest-cost titanium producers.16 - **Full operational ramp**: Steady-state commercial production (scrap-to-powder-to-manufactured titanium components) is progressing through 2025–2026, with the larger-scale facility fully ramping toward mid-2027. Earlier demonstration phases were commissioned in 2024, with production runs continuing. The campus emphasizes **100% recycled titanium scrap** as primary feedstock (not requiring new mining for the current operations), which reduces dependency on upstream raw materials. In short: - Hitachi’s new large transformer capacity → **2028**. - IperionX’s expanded titanium production (1,400 tpa scale) → **mid-2027 commissioning**, building on existing operations. These timelines support U.S. goals for re-shoring critical supply chains in energy infrastructure and advanced materials. Projects like these can shift with funding, permitting, or market conditions—check Hitachi Energy and IperionX investor updates for the most current details. If you have more specifics on REE concerns or other aspects, I can dig further!

American manufacturing resurgence is advancing in unexpected places…. In South Boston, Virginia, two advanced manufacturing facilities located near each other are strengthening America’s strategic supply chains for energy infrastructure and titanium. Hitachi Energy’s campus in Halifax County is expanding with a $457 million investment to create the largest large power transformer manufacturing facility in the United States. The new facility will produce high-voltage transformers essential for modernizing the electric grid, delivering gigawatt-scale power to AI data centers, and reliable energy delivery to defense installations and critical national infrastructure, priorities advanced through recent Defense Production Act initiatives. Just up the road at the Southern Virginia Technology Park, IperionX operates its Titanium Manufacturing Campus, the nation’s first commercial-scale producer of low-cost titanium metal manufacturing. Backed by multiple rounds of Department of War funding, IperionX is scaling titanium production capacity to meet surging demand for high-performance titanium alloys that are indispensable for aerospace components, defense systems, and additive manufacturing for national security. Together, these operations position Halifax County as a vital hub for American reindustrialization. This economic cluster enhances cutting-edge capabilities across energy infrastructure and strategic materials, and the region is playing a pivotal role in enhancing U.S. energy dominance, AI-driven leadership, and defense readiness….delivering high-quality jobs and supply-chain resilience in Virginia.

This Presidential Determination is a landmark invocation of the Defense Production Act, specifically Section 303. This invocation is important because it is likely part of a chain of similar usages of the production action act . It formally classifies the entire U.S. electric grid infrastructure and associated upstream supply chains as essential to national defense. Covered items include large transformers, high-voltage transmission lines and conductors, grain-oriented electrical steel (GOES), substations, power electronics, and related critical raw materials. All of which are existing bottlenecks . The order authorizes and directs the Secretary of Energy to immediately implement purchases, financial support, and commitments aimed at rapidly expanding domestic production capacity. Normal procedural requirements are waived to enable swift progress. This announcement is vitally important as it confronts serious vulnerabilities including chronic shortages, extended multi-year lead times, and dangerous overreliance on imported equipment from China and other foreign sources. It significantly strengthens overall grid resilience, meets the exploding electricity demand driven by AI data centers and electrification, reduces critical supply chain risks, and bolsters long-term U.S. energy independence and national security.

It's regrettable -- but likely telling -- Marquitz blocks comments on his substack. FWIW my abridged constructive comments on his article: When reporting financial highlights, ALWAYS do so as /share, (revenue, FCF, EBITDA, net income/share) the ONLY honest metric that reveals the industry's #1 failing or not. But what does AEM know? What makes Eskay deal notable, as he includes, is LOM, no cap, no step down🙂 which help offset the dilutive deal structure to summit shareholders. See too few of those. Jurisdiction risk? The problem w junior R&S cos is lack of scale. G&A are too high per revenue, as is cost of capital. Re r&s sector generally: my training as a portfolio manager was never invest in a company for its potential to be acquired (unless in play but that's arb). However in an industry w constant depletion, and the potential scale of mergers, I believe it's moot. I'm curious how summit snagged eskay. How it competes? I'll continue my DD.

We’re pleased to be featured in a new article by Shad Marquitz on the Excelsior Prosperity Substack, focused on opportunities in the mid-tier and junior royalty space. The piece highlights Summit Royalties’ announced combination of Star Royalties and recently announced 1.0% NSR on Newmont’s Saddle North project as we continue building scale, quality and long-term growth across the portfolio. Read the full Substack article here: open.substack.com/pub/excelsiorp… $SUM.V $SUMMF $SUM #Gold #Silver #Mining #SummitRoyalties

@Sorenthek Capitalism would incent and reward efficiency. The competitiveness of best of breed providers would attract business and capital, forcing inferior providers to reform.

Bureaucracy causes this. Not capitalism

A couple friends, without X, ask what news source they can watch or read daily for accurate unbiased us and global news? I used to watch fox several years ago which i believed did a good job -- with a right leaning slant. Now, I tell my friends it might as well move the studio into the west wing. @ASchectman @KingKong9888 @SemperVigilant1 @LukeGromen @DonDurrett @GoldGrumpGranpa

@EconomicAlpha For context to better understand this data, not a recommendation, -- as you interpret it which miner is the best value and why? Tia

Which profile do you prefer? One, some, basket approach? Or, I just want leverage to gold? Gold price has helped. But some companies are better managed than others. Mining is hard. Each has distinct profile. Who’s your horse? *I may have made mistakes in calculations. Source info in chart. 🚜⚒🌎🇺🇸🇨🇦

Infographic on select senior #gold miner free cash flow, free cash flow yield, and cumulative free cash flow from 2020-2025. Visual Thread … 🚜⚒️🌎🥇🇺🇸🇨🇦

@TFL1728 @LukeGromen @AndreasSteno Tom, you must be the first clearly intelligent person ever to accuse Luke of "typical linear thinking"🤔 Gl with that. Let's watch.

Why would China sell USTs to buy oil when they are still running a trade surplus with the US? No, what happens is the trade balance between the US and China collapses first. Japan is normalizing interest rates for reasons that have NOTHING to do with today’s oil price. This has been in process for 5 years. Moreover, this is typical linear thinking that doesn’t allow for any kind of reacting in real time. The situation is not good, but it is what is forcing the shift we’re seeing in the US electorate and why Trump is President. …or was the Law of Diminishing Marginal Utility repealed by Judge Boasberg. Next, Short term yields are lower than long-term yields. So,rolling the debt over in the 2-3 year market is the right course until we get a cleanup of domestic political issues (traitorous Congress and Judiciary). Debt servicing as it rolls over, will fall because rates are lower than they were 2-3 years ago at the height of the tightening cycle. So, while the debt service to GDP number is up… and that is b.c of Powell’s “higher for longer” which has been attenuated. The deficit is growing slower. Cost of government is falling. Private sector jobs are increasing, internal freight handling numbers support above baseline growth…. Which means your argument about tax receipts falling is specious at best. And given that the US is far more capable of weathering an oil price shock (b/c we use energy more efficiently, have a higher median Household income by far over China vs. the price of gas locally) in the short term to inflict pain to renegotiate and rewire global trade flow, I don’t see what the problem is. The original objection you made was that Andreas’ chart didn’t take the debt into account. I think normalizing that along with incorporating the interest rate on the debt, yields a flatter curve but still a positive one. And all the things Trump is doing is pushing the next phase of the transition to let China take over part of Triffin’s Dilemma. We have the energy, the resources, and the capital markets plus Rule of Law to make that happen. China does not without allying with Russia or the US or both.

It is not really a controversial statement When more GDP is produced or Energy Unit - the price of the energy unit becomes a little less relevant on a running basis The US economy (and other developed economies) can better deal with an oil Price shock than 10-20 years sgo

@TFMetals @YouTube Thank you Craig for the all-too rare professionalism on X, in your lead that this was recorded late last week. Respect ✊

This was recorded late last week. Gold Selloff Is the Trap - Craig Hemke #6382 youtu.be/VMbkcTPVRnI?si… via @YouTube

1. Most who read it will ignore its value until they capitulate, or the margin clerk sells them out. 2. If I had to forecast a bottom in hui, au, ai, I'd start w the average price discount to their respective 200 mda during bear markets since 2000. About 5 or 6 such selloffs, and take the average of those? 3. Luke gromen, the unrivalled analyst imo at projecting 2nd & 3rd derivative knock on effects, and never prone to hyperbole or alarmism, last week said in a podcast, 'this (Iran war) is going to be worse than GFC and covid Combined.' I'm looking to go short via ETFs or bearish option spreads on nasdaq, djia, 10 year ust, BBB comm bonds (once Downgraded many institutions will be forced to sell by charter), consumer discretionary hotels, airlines, high & mid tier restaurants, etc.

Update of the venerable #HUI, the NYSE Arca Gold BUGS Index, a basket of unhedged #Gold stocks. The overextensions from the averages at the end played out, like they always do, except in true melt-up Weimar scenarios. And it did so in its usual spectacular fashion, crashing from +100–160% to a still elevated but more reasonable +37–77%. ☺️ This is the first weekly close below the faster moving average since November 2024, and given the speed and the stretch into February’s close, further downside would not be surprising. The first obvious target is the notorious, clownesque 2011 nominal high at 638.59, cleared last November. But a move toward 500 looks entirely reasonable and proportionate as a final correction target. 😵‍💫 Yes, I know. From 683, that is another 27% down. 🤮 That is why position sizing matters. In theory, we can all handle paper losses and think clearly in the middle of volatility. In practice, most cannot. You need proper size to keep your head level and your cool intact. Otherwise, your amygdala takes over at the worst possible moment, and you liquidate right when you should be adding. 🥲 Fundamentals have shifted somewhat, more due to the sharp drop in gold and silver than the move in #CrudeOil. Still, quarterly averages remain supportive, even if that is irrelevant during short-term psychological stress, margin pressure, and forced selling. @KatusaResearch estimated a $960 per ounce margin drop in just 3 weeks, from $3,600 to $2,640. That hurts. The index is down over 30%, with several major names down 50%. 😶 I bought some last week on daily level breaks and I am already down about 9%.: this is not a sector for the faint of heart. 🫣 I still believe the best companies are solid long-term investments, and that #gold and #silver will make new highs over time. Ironically, the current geopolitical backdrop is surely fuel for higher commodity prices. But in the short term, anything can happen. Things can get very ugly, regardless of the long-term outlook. Just look at 2008 or 2020 to understand what risk-off events can do. 😵 Once again, size properly. Humans feel losses about twice as intensely as gains and that bias alone ruins most traders and investors. Too much size, and a 50% drop breaks you. Use margin, and you may be forced to sell even if you are right. Be clear about your risk, your capital, and your time horizon: better to miss a gain than take a large loss. Always. Be safe out there.🤠 #GoldMining #PreciousMetals #Commodities #Investing #MiningStocks #MarketCrash

@GoldGrumpGranpa Here it is: x.com/i/status/20328…

@JohnInWLA Thank you, John. Very interesting. ☺️

Inevitably, #PreciousMetals miners finally felt the combined heat of rising #RiskAversion, surging #CrudeOil prices, geopolitical mayhem, and falling equities. They are equities too, after all. 🥲 In my opinion, as I’ve written here many times before, this correction was simply overdue. They just found a convenient trigger to ignite it. It’s not surprising to give back 20% in a month after rocketing 311% higher in 9 months, like #SILJ did. Even the more composed #GDXJ pulled off a 260% rise across 13 monthly bars, with only two red candles in between. 😵 And we’re talking about lazy ETFs here. The right single names did far better than that. So no, if you managed your risk properly, you really shouldn’t be too bothered by the last couple of weeks. Unless you bought after the 2025 space launch... but at that point, #RiskManagement is probably not your main issue. 😅 I don’t think it’s a coincidence that we finally spilled some blood right after the best quarterly results ever. 😌 Those headlines brought in legions of newly minted gold bugs who knew nothing about the sector and simply chased the story. They need to be slaughtered before the trend resumes, as markets always do. 😬 Fundamentals for the mining companies have not changed dramatically, not even with #WTIC around $100. Crude oil is not a dominant driver of #AISC, even if it is large enough to matter. Energy typically accounts for roughly 10–20% of mining costs, varying widely between mines. That means oil sensitivity is roughly this: a 10% move in oil translates into about a 1–2% move in AISC. #Miners surely didn’t like oil jumping 50% in a couple of weeks, but they absolutely liked #gold rising 200% and #silver 300% over the last three years even more. ☺️ Relax and enjoy your weekend, even if your portfolio is bleeding a little. It’s a good time to assess your risk and overall exposure, making sure your position sizing fits the new market conditions so you don’t end up putting your amygdala in charge at the worst possible moment. 🤠

@MisterUppy Costa ignores the miners’ steep sell off. Liquidity rush, or higher energy cost input for producers, partially so far offset by higher PMs and explorers who rely on diesel w 0 revenue offset.

Explosive setup for metals.💥