How many are buying today?  It’s hard because those who didn’t buy on the pullback are saying, I’ll wait for another dip….too big of a move today.  For GDX, this is going to happen all the way back to 117….

At that point, great cup and handle, expect a pull back between 100 and 110, and then another breakout.  I’ve been looking for this for 6 months….this has been a long shitty spring and summer for investments, but feeling more confident as the Treasury Dept has admitted it will now QE it….and whatever they tell you….they are lying.  They will buy more than they disclose…just like we found out in the GFC…that we loaned massive amounts of money to foreign banks as well as US banks…..they just waited to tell you way after the fact.

Sure, it’s QE lite….my ass…..

Under the accelerated buyback, Treasury, led by Secretary Scott Bessent, will target the 10- to 20-year and 20- to 30-year portion of the market, which has seen a buyers’ strike since late June. The government will “at least double” the maximum size of its buyback operations, from $2 billion to “at least” $4 billion, according to an announcement from the department.

What’s the debt we need to roll this year?  11 trillion…..double the buyback to $4 billion.  When someone is lying to your face, call bullshit.  I’m calling bullshit.  What’s 4 billion out of 11 trillion….that’s like a drop spilled from you 2 liter coke bottle.  Bullshit.

Sure, all the gold is at Ft. Know….my ass….

It’s nice to be right once in awhile….

Enjoying today, expect a pullback tomorrow of a third of this gain….just the way it goes.  But I do hear this as the starter’s gun as the bullish period for gold and silver into year end.  Enjoy the ride!!