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Moderator
 United States
191802 Posts |
Quote:
The trade deficit soared to $56.8 billion in November increasing by 94.6%.   |
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Bedrock of the Community
 United States
11941 Posts |
Yesterday, December 2025 inflation numbers were released and inflation is raging hot. Argues for the price of gold and silver to continue rising especially when priced in increasingly shrinking dollars.  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
3348 Posts |
Bureau of Labor Statistics shows 2.7% CPI increase in 2025. Not sure where the other number comes from but 3% is hardly smoking compared to PM's. The dollar index rose sharply yesterday, but differences between fiat currencies are basically noise IMO. The reason for the sudden drop yesterday in PM's is anyone's guess. What is real is that there's a big shortage of COMEX silver right now, which is punishing shorts that need metal for their margin calls. https://news.bitcoin.com/comex-silv...-full-swing/I was busy standing in line to sell a little bit of dental gold. The buyer cut off coins and sterling last Monday because refiners are not taking any, and are 5 days late on payments. The scrap gold coming in was mostly jewelry, and the buyer has not seen anything numismatic in the last month at least. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
01/31/2026 3:55 pm
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Bedrock of the Community
United States
11941 Posts |
The producer price index is a precursor to the consumer price index. It means that the costs to producers are rising faster than their ability to pass those prices to consumers, meaning that producers had to eat the difference in losses.
That bodes ill for trying to bring production onshore from abroad as producers here can't pass on cost increases to their customers. Who wants to create businesses that are getting squeezed on costs?
The policy target rate for inflation is 2%. 3% inflation means that it is running 50% above target. And inflation is running higher than the growth rate of U.S. GDP, which is estimated at 2.7%. That means our economy is not growing in real terms. It is actually shrinking in real terms.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
3348 Posts |
Right now (2/2 AM) there appears to be a furious churning by short sellers reaping the bubble price, while at the same time buying to cover their positions at the lower price they created by selling. The COMEX physical silver inventory is depleted and if the shorts trying to cover their positions wipe it out who knows what happens next. Add to that the central banks swooping in to build their strategic inventories. Way too much demand, way too little metal.
I thought about selling some more gold yesterday, then thought nah. It took patience and time to accumulate it and I can't foresee doing it again even if we're back at $1200. The junky stuff is all gone.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
02/02/2026 09:15 am
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Bedrock of the Community
United States
11941 Posts |
In spite of last week's sudden drop, it seems like the market bias for gold, silver and other metals is upward in a clearly inflationary environment.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
02/04/2026 12:05 am
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Moderator
United States
191802 Posts |
We underestimate market pressures at our own peril. |
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Bedrock of the Community
United States
11941 Posts |
Apparently China is importing record volumes of silver according to KITCO on top of limiting exports. China silver imports hit record high - nearly 800 tonnes - in January and FebruaryKitco Media - By Ernest Hoffman, Published on Mar 20, 2026  (Kitco News) - China's silver imports hit an eight-year high in the first two months of 2026 as burgeoning demand from the industrial and investment sectors boosted local price premiums, drained domestic silver stockpiles, and drove unprecedented foreign purchases, according to the latest customs data released Friday. In January and February, China imported over 790 tonnes of silver, the data showed, with February alone accounting for a year-over-year record of 470 tonnes in imports. Strong local demand drove domestic prices significantly higher than the global benchmark, draining the already depleted exchange reserves and incentivizing metals purchases from overseas. 2026 has seen the most volatile start for silver prices of any year on record, with spot silver hitting a nominal all-time high of $121.62 per ounce on January 29, 2026, before losing nearly half its value to plunge to $64 per ounce by February 6. In January, analysts at Goldman Sachs warned that China's new export controls would likely exacerbate local shortages and global dislocations, and could even fragment the global silver market itself. "Thinner inventories have created conditions for squeezes, where rallies accelerate as investor flows absorb remaining metal in the London vaults and reverse sharply when tightness eases," Goldman analysts Lina Thomas and Daan Struyven wrote. The analysts said that the price turbulence is not being driven by a global shortage of silver, but by localized supply bottlenecks that are keeping the market distorted. China's new 2026 export restrictions, which now require official approval for outbound silver shipments, have only added to the volatility. Goldman said this move could actually fragment the global silver market, reducing liquidity while amplifying price swings. "Disruption risk may prompt participants to secure their own stockpiles rather than share buffers globally," the analysts said. "This shift from a pooled global system to isolated regional inventories would create an inefficient structure — transforming a smooth, integrated market into one prone to sharp, localized price swings." IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11941 Posts |
As China buys all the gold and silver it can get its hands on, the official debt of our nation went over $39 Trillion for the first time ever this week, continuing to set new records every minute that passes.  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11941 Posts |
And a testament to the value of the dollar in LA today... Diesel determines the transportation charge for every single product sold in the world, because how else do products make it into your hands?  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
United States
191802 Posts |
Sad. So sad.  |
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Bedrock of the Community
United States
11941 Posts |
Apparently gold continues to be the #1 U.S. export this year, with most of it going to China. The Chinese are using the same playbook that we used on them to collapse their economy during the Opium Wars.
The U.S. and Europe were the leading industrial powers in the World in the 1800s. Seems like China is the dominant industrial power in the World today and is challenging our advantage in high tech. If you look at our leading AI tech engineers, they are mostly Chinese. If China comes to dominate industrial and high tech production, can we hold on to our wealth?
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
Today 7H 27M ago
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Bedrock of the Community
United States
11941 Posts |
This is not widely reported here yet but is reported as of this week.
Global AI Token Market Share:
Chinese AI models process over 100 trillion tokens per day, frequently peaking around 140 to 180 trillion. Chinese-origin models now capture up to 46.4% of routed global enterprise tokens, surpassing US models.
Top US AI models process roughly 50 to 55 trillion tokens daily.US-origin models account for about 35.7% of global enterprise token usage, led heavily by providers like Anthropic.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11941 Posts |
AI data centers that the U.S. is investing $800 billion in this year, the largest infrastructure build out in the history of the world, work on electricity. No electricity, no AI. As you can see, China produces more electricity than the next 4 nations combined including the U.S.
Leading Electricity Producers
China: Produces roughly 10,579 terawatt-hours (TWh) annually, making it the largest producer by a wide margin with heavy reliance on coal and growing solar and wind capacity.
United States: Generates about 4,519 TWh per year, powered largely by natural gas, nuclear energy, and diverse renewables.
India: Outputs around 2,081 TWh annually, utilizing primarily coal alongside rapid expansions in solar and wind power.
Russia: Creates approximately 1,192 TWh per year, heavily reliant on natural gas and hydropower.
Japan: Generates about 1,029 TWh annually, supported by a mix of natural gas, coal, and nuclear power.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11941 Posts |
The Fedaral Reserve also publishes the cost of electricity at large electricity producing nations.
The average residential electricity prices in the top producing countries include:
China (Produces \(\sim 10,000\) TWh annually): \(\sim \$0.08\) per kWh
United States (Produces \(\sim 4,500\) TWh annually): \(\sim \$0.16 - \$0.20\) per kWh, heavily dependent on the state
India (Produces \(\sim 2,100\) TWh annually): \(\sim \$0.09 - \$0.11\) per kWh
Russia (Produces \(\sim 1,250\) TWh annually): \(\sim \$0.08\) per kWh
Canada (Produces \(\sim 650\) TWh annually): Varies significantly by province, averaging \(\sim \$0.11 - \$0.15\) per kWh (USD)
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Replies: 51 / Views: 3,074 |
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Posted 01/31/2026 2:31 pm
Posted Today 7H 47M ago
