Wes

BREAKING: The House of Representatives has reauthorized the warrantless FISA surveillance program through 2029.

All jokes and sarcasm aside, the longterm fundamental thesis for metals remains unchanged despite drawdowns in prices. High conviction longterm investment does not always mean quick and easy gains, and price declines should be viewed as opportunities to add to longterm positions with determination, not with fear or despair. The short/mid-term bear trend may continue for weeks or months to come, and until there is a shift in the stochastic or momentum indicators patience and conviction will be required — and ultimately rewarded when the correction resolves, still likely in Q3 in my opinion. Paper markets are a mess right now, but that will not last forever. The strategy remains to accumulate physical silver, platinum, and gold (and small amounts of palladium too) over time, taking advantage of price drawdowns, and being patient. Inflation is not fundamentally bearish for metals despite recent nonsensical trends. Global debt and the U.S. national debt and federal unfunded liabilities are bullish for sound money. Silver remains in a global supply squeeze, especially as energy prices rise for miners. Global demand for gold remains extremely high. PGMs are largely produced in countries that will likely become more alienated to the West, further crunching supplies. Keep in mind that much of the real advantage of investing in physical precious metals is that there is no counterparty risk or capital gains taxes to be owed if you sell in strategic tranches when the time comes (for Americans, at least — I can’t speak to other countries’ tax rules, generally, offhand). For the record, I have gotten completely out of equities to avoid future counterparty risk and capital gains taxes. The thought of paying additional taxes to the criminal and immoral American government (outside of unavoidable mandatory withholdings on W2 income) makes me sick, so I have closed even my tax protected accounts as they have longterm time restrictions that make them untouchable (for me) for another 20+ years. The government takes none of the risk and does none of the work, so it deserves nothing from the rewards. What they take in taxes as it is already is being used for unethical purposes and to benefit oligarchs and insiders, not the public or ordinary people, so they get nothing above and beyond what is impossible to avoid. Stay true to your convictions and the fundamentals, whatever the manipulated paper markets and inside-traders throw at us in the short-term. Never invest with money that you could need in the short-term, dollar cost average your buys, and try to always keep some cash on the side to deploy on deep red days when they come. Metals are a savings account outside of the banks and financial system — that is their virtue. Buy silver, do nothing. Buy platinum, do nothing. Swap some for gold when the ratios are right. Keep it simple. Take it easy. For the good of the order 🫡

Silver 🥈 — $75.39 — closed the day above the August 2025 trend line on the daily chart, still within the narrow channel. Even if it were to get below the August 2025 trend line again, that does not guarantee a low lower than $61 is coming. Too many sidelined waiting for a lower low for it to actually happen — they’ll get front-run. I bought the dip early this morning on the swing to almost $74 and it immediately jumped back to $77 before continuing to chop. All dips are for buying, then do nothing. If it goes lower I’ll just buy more. For the good of the order 🫡

Life hack that changed my life 🥚

Best way to cook ground beef.

TUCKER: “Was Iran on the verge of getting a nuclear weapon?” JOE KENT: “No. They weren't three weeks ago when this started, and they weren't in June either.”