SilverFists

Round and round like the markets.. youtube.com/watch?v=oy_4No…

Can't believe she wrote this 70 years ago

Mark Carney said that Xi requested he "use a softer tone" and Carney obliged. Yep. Its over. We've been sold out out to China. We are A Chinese vassal state. Great job Liberal boomer women. Thanks.

Exiled Iranian calls out the useful idiots who marched against the imaginary "far right" in London. Explains that the capital is already under sharia law via Sadiq Khan and Keir Starmer. Says what's happening in Britain is how Iran fell 50 years ago, and he's had to flee London to get away from it.

@PelicanAI_ What AI model is this

Pierre Poilievre response to WOKE equity and inclusion cards at the NDP leadership convention, which has now gone global

Will "transitory" wrt to inflation be the hallmark blunder of the FED for 2020's?

In Davos, Carney said “the power of the less powerful begins with honesty... like respect for human rights.” But not when it comes to genocide and slavery. Davos was an illusion.

Dec Brent at $79/bl… down $5 today. $40 under the expiry of May contract. This is 7 months forward. Up $10 only since the start of the war. We will lose at least 1 billion bls of inventories due to that war. It could be a lot more if it lasts longer than expected. Incredible how complacent this market is. And this happens after the strongest Brent expiry ever ($15/bl).

over the next decade, barring a plant failure, a no brainer

True none of my 9 baggers came without appropriate level of angst of holding however I always came back to my conviction and owned quality i.e. $AEM from May 2020 or Nine Point Partners Energy fund since same period. Conviction saved me.

Grok has become my go-to for reviewing MRIs and blood test results. It makes complex reports much easier to understand. Super helpful for clarity.

@RudyHavenstein ~ Rudy ... can't help but notice the ears ... not sure if you remember the old Bewitched episode where Darren's ears grow after every lie ... 😉 x.com/MacWhackle/sta…

I can't compete with this.

@jpmayall @SantiagoAuFund @MishGEA Excellent work still digesting thanks J.P 🙏

Fair question. The paper actually scores gold ahead of Bitcoin on 8 of 14 criteria (Table 5): volatility, liquidity, track record, regulatory clarity, sovereign adoption, equity correlation, energy dependency. Where Bitcoin leads is specifically on the channels gold can't resolve: infrastructure independence, confiscation resistance, settlement without intermediaries, supply decentralization. On the "basket of hard assets" point: the paper's framework shows that ALL hard assets priced on COMEX in USD share the same operational dependencies. Diversifying across commodities doesn't diversify away from the 7 channels. You'd need an asset that operates on entirely different infrastructure. Whether that justifies any specific BTC price target is a separate question. The paper only argues it resolves structural dependencies that gold doesn't. Section 9.4 + Tables 4 and 5 lay it all out.

New paper: "The Paradox of Gold Reserves: How Foreign Central Banks' Gold Holdings Create Indirect Exposure to U.S. Treasuries" Foreign central banks are buying gold at the fastest pace in decades. The consensus view: de-dollarization. I argue the opposite. Gold accumulation doesn't reduce exposure to the dollar system. It restructures it. The paper identifies 7 channels of indirect structural exposure to U.S. Treasuries through gold: 1. Anchor effect: U.S. holds 8,133t, 23% of above-ground supply; 2. COMEX price discovery: 74% of global exchange volume; 3. Dollar denomination: >90% of transactions in USD 4. Fed custody: 6,331t at the NY Fed for 36 central banks; 5. Bretton Woods path dependency; 6. Gold–Treasury yield nexus (post-2022 structural break); 7. Stablecoin substitution: $190B+ in Treasuries replacing official sellers. I distinguish between operational exposure (pricing, trading, custody, settlement) and return-correlation exposure (sensitivity to Fed policy and fiscal conditions). The paper also examines what gold DOES successfully diversify (counterparty risk, sanctions, freezing) and what it doesn't. Central banks that sell Treasuries and buy gold haven't exited the dollar system. They've changed their position within it. 20 pages, 30+ sources including Fed IFDP No. 1420.

Question I have never resolved is what is 1 BTC actually worth and why would not owning a basket of hard assets be a better hedge versus it? It has not proven itself IMO in terms of an asset class that could be part of a portfolio. The financialization of BTC has made me more reticent to embrace the cult of the $1M/BTC crowd.

@MacWhackle @SantiagoAuFund @MishGEA Thanks for the tag. Would genuinely welcome @MishGEA perspective on this, especially on the COMEX price discovery channel and the post-2022 structural break in the gold-yield correlation. Always looking to sharpen the argument.

"con man of all time" ... Warren reflects on Epstein and seems quite happy that he was tucked away in Omaha away from Babylon (New York) and Epstein/CIA/Mossad Honeypot operation....

@jpmayall @SantiagoAuFund @MishGEA Mish article from May 2022 for one of your points on DXY - "explaining gold price movements" might be interesting for you... mishtalk.com/economics/us-d…

In February 1974, Russian writer Aleksandr Solzhenitsyn sat down on the very morning the KGB arrested him and exiled him from the Soviet Union forever. He had already survived the brutal Gulag prison camps and had just published his explosive book The Gulag Archipelago, which ripped the mask off the communist regime’s horrors. His short essay “Live Not by Lies” was his final public message to ordinary Russians. He wasn’t calling for revolution, protests, or violence. He was simply telling everyday people the one thing they could still do: stop feeding the system with their daily cooperation in lies. Solzhenitsyn explained that totalitarian power survives mostly because normal citizens repeat slogans they don’t believe, sign false statements to keep their jobs, praise leaders they know are wrong, and teach their kids things they know are untrue. He said the easiest and most powerful form of resistance is personal non-participation in lies. Refuse to say what you don’t actually think. Walk out of meetings full of propaganda. Don’t cheer for things you know are false. When enough people quietly stop carrying the lies, the whole rotten system starts to collapse from within. Lies can only live inside people who agree to host them, who choose to be infected by them. Canadians in 2026 face a version of the same trap. Woke, DEI, and globalist ideology has captured our federal and provincial governments, schools, universities, health authorities, corporations, and media. You are pressured every day to pretend that biological males belong in women’s sports and prisons, that Canada is systemically racist and must pay endless reparations, that carbon taxes and net-zero rules are saving the planet while your hydro bill doubles and you can’t afford groceries or rent, and that questioning mass immigration or holding to Christian values makes you a hateful bigot. Solzhenitsyn’s message is for you right now: you don’t need to be a hero or get arrested. Just stop participating in the lies. Don’t sign the DEI pledge at work. Don’t use pronouns you know are false. Don’t repeat the slogans in meetings or parent-teacher conferences. Walk out of mandatory “equity” training. Leave the room when ideologues do their "land acknowledgement". Speak the plain truth with your family, friends, and coworkers. When enough ordinary Canadians quietly refuse to carry these lies anymore, the powerful hold that this ideology now has over our institutions will begin to break. The choice is still yours to make.

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