Silver price just topped $75!

[RockAndSage]

Who is the leader projecting instability and disrupting things?

Starmer, Macron, Putin, Xi Jinping, Carney, Takaichi, Trump - every one of them is directly causing instability.

Trump is the only one restructuring the world order. And absolutely nothing he does is accidental. But he's very good at looking mercurial and batshit to mask it, and get others to walk into his traps while thinking they're the smarter ones.

If you want to test this - just look at the results he keeps getting. Starting with US GDP growth, and European NATO spending.

 

[Conrad101st]

Far as I could tell things were rocking along quite well. My stocks I bought starting in the early 1990’s were trending up massively, my dollar bought more for buck on my European vacations. My oil and gas royalties were 33% higher than now and my clients were drilling more wells.

 

[RockAndSage]

Far as I could tell things were rocking along quite well. My stocks I bought starting in the early 1990’s were trending up massively, my dollar bought more for buck on my European vacations. My oil and gas royalties were 33% higher than now and my clients were drilling more wells.

All true, I'm sure. We're also near the peak of an everything-bubble right now. Whether the current economic cycle or the failing global order, it's just not sustainable. We're somewhere around 1928, conceptually. And given the increased production coming out of OPEC, Venezuela coming back online, and the impending global economic collapse and restructuring, I definitely wouldn't want to be too exposed to domestic oil and gas right now - it's just facing too much global supply and an impending demand crash.

Three to five years from now it'll likely be an entirely different situation, and a great time to be in oil and gas in the US. Especially if the electricity-demand for AI data centers is supplied by those products. That's a sector that's going to be relentless - we're going to need something like triple the current electrical generation, just to have those AI data centers running, just in the next couple of years. Electricity and chip production are probably 90% of the choke points in expansion. If I were in oil and gas production...I'd wonder how I could leverage that vertically into electricity production, and work out a supply deal with a new data center.

Sounds like you've been doing some very interesting stuff in this area. Mentioning clients - do you have some sort of oilfield servicing outfit, or are you drilling yourself?

 

[Conrad101st]

I’m a title attorney for various oil and gas companies. I run title before the well is drilled to ensure ownership and leasing, and then after completion to make sure payments are correct to all parties.

I am obviously an contrarian as to what benefits me personally compared to the average citizen. All goes back to the old saying about whose ox is getting gored I suppose. I made my mark right at the right time in my industry. Just luck really.

I’m not sure what is going on in the world and who wants what and what their real motivations are, but I was kind of a fan of keeping my situation stable for as long as possible. That situation has change dramatically this last year. Luckily I’m ready to retire so it’s moot really. But I damn sure don’t want my investments going down so I am highly diversified to minimize risk.

As you know, an increase in precious metals is a proverbial flight to safety in times of uncertainty.

I don’t disagree with some things the administration is doing but why all the drama.

Way back in my army days, some units used to cycle up and down drastically in readiness. Some were ready to be deployed on a hot call. Others were non deployable bc they were in a maintenance/support cycle or training cycle. It created this inefficient readiness cycle. The army then went to what they called the “band of excellence” or something like that nomenclature where they tried to keep most units (not counting RGR, SF) at a 85% to 90% readiness rate with a smaller standard of deviation. Have no idea if that is still utilized but it made sense to me and still does.

I guess I’m just an old fudd and just like my coffee and the economy not too cold and not too hot.

Of course with AI and robotics inbound, the average person is probably about to get a massive haircut. I think Elon is full of shit. His impression that wages and retirement will be antiquated are wrong. I think many people are about to get hurt economically and make the divide between the haves and have-nots very deep.

 

[Hnthrdr]

While I agree that yes an everything bubble exists. The whole world also runs on fiats so if the dominos all tumble I guess we are all doomed. That said I would think some of the PM movements is from instability in the markets. Yet it seems that these data centers and AI craze there is real demand for PM’s especially silver. Which is what i believe is driving the surge heck copper is surging as well, which is typically inverse to gold/silver yet there is a massive demand spike.

I for one hope there is not a massive crash. Really I think what we will see is more QE right or wrong, probably wrong but what is the alternative? The alternative is a world that none of us want to see I would guess…

 

[5MilesBack]

I keep hearing people say “industrial demand” but I don’t think that explains it all. This all feels a bit “bandwagony” to me.

It wasn't that long ago when the daily average volume of SLV shares trading was less than 10 million. Today the daily average is over 60 million, and today's trading was almost 139 million shares. That's not industrial uses trading SLV (paper). That's FOMO and momentum traders of all sorts. I sold more of my shares today.

 

[Hnthrdr]

It wasn't that long ago when the daily average volume of SLV shares trading was less than 10 million. Today the daily average is over 60 million, and today's trading was almost 139 million shares. That's not industrial uses trading SLV (paper). That's FOMO and momentum traders of all sorts. I sold more of my shares today.

I agree the paper silver trading is most likely fomo, oh and they don’t have the physical to back it up from what I understand, which is a giant problem if any big banks or investors are shorting paper silver. I’ll continue to hold physical for now and see what happens down the road