GGM

God, family, country, investing, music, skiing, traveling.

[Mat Nuclear @MatNuclear]

I’m black, I haven’t stabbed anyone in the chest after being asked to leave a tent.

I’m not in prison, I’m free.

It’s not that hard to not commit a crime.

[fred hickey @htsfhickey]

Gotta love the headline below: Cramer stating gold is currently "bad money" as it's getting dumped by investors in order to buy the SpaceX IPO. Gold is never bad money - it's the only "real" money that lasts over time. It can be overbought and at risk of a correction, as it was earlier this year. Hulbert out with an article bashing gold (as he typically does near bottoms). Gold-related headlines have changed dramatically from rampant exuberance earlier this year.

I haven't been tweeting much about gold because, as HTS subscribers know, late last year into early this year I had slashed my gold miner positions as far as I could "and still be able to sleep at night." That left me with a lot of cash (in short-term Treasuries) that I plan to put to work - eventually.

With gold down $1,500+ from its top and miners on average 40% lower, it's likely that a lot of the damage has been done. Gold & miner 200-day moving averages were broken - sending all the technicians to the sidelines. Gold's Daily Sentiment Index fell to just 14% bullish yesterday. Gold futures contracts open interest (speculators) has plummeted to levels lower than even at the late-2015 to early 2016 gold bottom (at $1,050). Daily futures contract trading volumes have dried up (to less than 20% of the level at the top). The Gold Miners Bullish Percent Index (BPGDM) has fallen to rock bottom 0% (the 100% reading in January concerned me). CEF trading at a 4.8% discount (high). Gold Relative Strength Index (RSI) down to just 22.6% - lowest since Oct 2023 (great time to buy gold - see chart below). Didn't like that 90% reading earlier this year. None of these indicators guarantee a rally - but they are around levels where rallies can occur.

Though gold still is facing a lot of headwinds (closed Hormuz pressuring international buyers, dollar strength, seasonality etc.) and gold could certainly keep falling, it is greatly oversold in the short-term and may at least experience a rebound.

Long-term, all the bullish catalysts are still in place. China has sped up its gold buying at these lower levels. De-dollarization is a long-term trend. So is dollar debasement. Miner's balance sheets are terrific and generating huge margins and cash flows at these lower levels (P/E ratios are very low).

Warsh's first FOMC presser next week could be a bullish catalyst if he has to defend (sound dovish) not raising rates with his theory the FOMC can look through the rising inflation ("transitory"??) due to productivity increases from an AI boom (likely a false hope). Some governors are pushing for hikes. Getting past tomorrow's SpaceX IPO could be another catalyst.

Already, we're approaching or at negative real rates which is bullish for gold. Doesn't matter if interest rates rise - if inflation is even higher - as it was throughout the 1970s great gold bull market.

Therefore, I've started buying a few of my favorite gold miners gingerly - including this morning.

https://t.co/9oDVrWVfWH

[Matt Van Swol @mattvanswol]

🚨OH. MY. GOSH!!!

Over 50+ "teens" have been charged for a MASSIVE BRAWL that broke out on opening day of Hersheypark.

Families were seeing FLEEING THE AREA IN TERROR AND HIDING UNDER TABLES as the teens began BEATING EACH OTHER.

An ENTIRE ROLLERCOASTER was FORCED TO AN EMERGENCY STOP!!!

Some of the teens who had been kicked out by police at a side gate...

...re-entered the park at the main gate and got into ANOTHER fight later in the day!!!

WE. DO. NOT. HAVE. TO. LIVE. LIKE. THIS!!!!!!

[Rupert Lowe MP @RupertLowe10]

The Belfast victim has lost his left eye and has severe damage to his right eye.

Hacked at the neck, with his eyes gouged.

Men who inflict this brutal evil on others do not deserve to live.

[Jonathan Turley @JonathanTurley]

...Various Democratic leaders now maintain that Platner may be a rape-mocking, sex-texting, Hamas-praising, Nazi-tattooed, veteran-abusing, self-proclaimed communist. However, he will return them to power. And so, Me Too becomes Meh when Maine is at stake.

[Reverend Jordan Wells @WellsJorda89710]

🚨 I’m a Black man, a proud conservative, and a follower of Jesus Christ.

When I see protesters outside the Collin County Courthouse chanting “FUCK WHITE LIVES!” after Karmelo Anthony’s sentencing for murdering Austin Metcalf, my soul grieves.
This isn’t justice. This isn’t “community.” This is demonic hatred — plain and simple. All lives are made in the image of God. Every single one. Black, White, Brown — doesn’t matter.

Celebrating the loss of any innocent life, or cheering on evil because of skin color, is straight from the pit of hell.
And here’s the truth they don’t want you to say out loud: When Black conservatives, Christians, or truth-tellers like me call this out, we get labeled “traitors,” “Uncle Toms,” or “betrayers of the community.”
Let them talk.

I’d rather be disliked by some in my own community than stand before a Holy God and be found guilty of excusing evil, hating my neighbor, or twisting justice for racial points.
My allegiance is to Christ first — not color, not tribe, not political pressure.

“Woe to those who call evil good and good evil…” (Isaiah 5:20)
I choose truth over tribe. Light over darkness. God over man.
Who else is tired of the hate? Drop a 🙏 if you stand for real justice — not skin color.
#AllLivesMatterToGod #FaithOverFear #TruthOverTribe

[Benny Johnson @bennyjohnson]

I feel like we don’t talk about this enough…

[Ronnie Stoeferle @RonStoeferle]

Pretty good summary of the current setup by my friend @LukeGromen:

"Simply put, the inflation of the Iran war will soon force the US (and by extension, much of the West) to choose between “save the currency” (let bond yields rise sharply with inflation, i.e., bond prices FALL sharply), breaking everything but the USD and gold) or “save the bond market” (print USD to cap UST yields to maintain nominal US government solvency, turbocharging the already accelerating and soon-to-be problematic inflation)."

[Farm Girl Carrie 👩‍🌾 @FarmGirlCarrie]

Los Angeles: Transient sucker punches elderly customer eating lunch alone at a cafe in Hollywood, steals his wallet and phone. Hero steps up and takes the thief down.

[0HOUR1 @CHIMPUSX]

Austin Metcalf's father was swatted 6 times.

Austin Metcalf's mother was swatted 2 times.

They had to keep all of this under a gag order.

The hell these people went through being terrorized by blacks was insane.

[Elon Musk @elonmusk]

Nothing else matters if civilization falls

[GGM @nyggm]

@Malone_Wealth #gold

[Senator Ron Johnson @SenRonJohnson]

Individuals injured by the COVID shots are in a growing state of despair. Their injuries are not being acknowledged, and as a result, many are not receiving treatment.

Federal health agencies must admit that they covered up adverse events.

Those harmed by the shots deserve treatment, and families who lost loved ones deserve answers and closure.

[Tomi Lahren @TomiLahren]

@GavinNewsom Actually, the people that ICE are going after… Are quite literally un-American. Thanks for playing.

[Elon Musk @elonmusk]

@BasilTheGreat Execute them

[Secretary Kennedy @SecKennedy]

Sheryl. Your article exemplifies the biased reporting we have come to expect from you and @nytimes. It was unfair, inimical, and inaccurate. All one needs to refute your argument is to glance at my publicly available calendar and to review my unprecedented list of accomplishments on a wide range of issues, all of which I drove. You evidently never undertook these foundational due diligences. Why let facts obscure a good story?

You fault me for missing a couple of monthly counselor meetings. However, I meet one-on-one with my counselors every day to decide policy and strategy. We schedule the monthly meetings to give the divisions a chance to keep each other informed about HHS-wide policies with which I’m already intimately familiar. Had you read my calendar, you would have seen that I have back-to-back meetings all day, every day, with both career and political staff, with my counselors and with outside stakeholders, interspersed with press conferences and other policy announcements.

I am knowledgeable and active on every issue in every division of my department, and I always make the final decisions. I meet with the principals at FDA, NIH, CDC, and my senior counselor every morning, something, I’m told, is unprecedented in HHS history. I try to get out of the office between 4:30 and 6:00 PM, so that I can spend three hours, in quiet, responding to emails. I normally work until 11 PM every night, mostly on phone calls to staff.

In order to prove your preconceived case for my disengagement, you quote anonymous employees, some of whom I fired or who quit to avoid being fired. You also deceptively quote HHS employees without identifying whether they were among those I fired, thereby depriving your readers of the opportunity to make an independent judgment about their credibility.

I came into this job to change the culture of a broken agency that has presided over the worst decline in public health in American history. Of course I fired people—lots of them! It's an easy task for even the laziest journalist, to comb that flotsam and jetsam for malevolence toward the Trump administration. And of course, this species of journalist will always be able to find disgruntled individuals among the 70,000 employees of the Department from whom to cherry pick "facts" to flesh out a preordained hit piece. All that is required for this brand of journalism is the ethical elasticity that you seem to have in spades. You had a preconceived thesis, and you set out to prove it. This is a widely accepted technique in journalism today, but I grew up in an era when it would not have been tolerated by the New York Times.

Ultimately, God puts us all on this earth to search for existential truths. I've tried to instill this mission at HHS by implementing gold standard research to end the regime of politicized science that COVID exposed to the American public. There was a time that journalists were proud to be the fearless and uncompromising champions of truth. Standards have devolved, and journalism is dead. The Times now employs propagandists. Your capitulation to partisanship further compounds your journalistic challenges; since we all are aware of your predictable bias, we at HHS are unwilling to talk to you about the topics that are important. The fact that you have minimal access to decision makers leaves you covering trivia and relying on your own capacity for invention.

Btw. When I took this job, the building was empty. About 90% of the employees were not coming to work. I changed that, but your newspaper never covers my reforms. Nor did you cover the fact that my predecessor almost never showed up for work here during his four years in office. When we came in, there were still artifacts from the first Trump administration in many of our office drawers because no one showed up for work during the Biden years. Just as Rochelle Walensky spent her entire term as CDC Director in Cambridge, Xavier Becerra reportedly spent most of his term as HHS Secretary in California. (I live in California, but I’ve only been there once in fifteen months).

His only notable accomplishments here were losing 300,000 children, referred to HHS for custody and care, to human traffickers and drug runners, encouraging transgender surgeries, and disabling the entire program-integrity apparatus, allowing hundreds of billions of dollars of theft from my agency. I have set out to find the children Becerra lost. He is now the front-runner for the governor of California. These are not invented stories; they are genuine scandals that the Times will never cover, presumably, because the malefactors are Democrats.

Finally, you criticize me for spending time with the Indian tribes in Alaska. I consider that part of my job. I run the Indian Health Services, and I’ve had unprecedented success in transforming IHS from a backwater to a top priority for this department. I’ve made more trips to Indian country and to Indian health clinics and hospitals than any HHS secretary in history, and I’ve brought Indians into high positions on the sixth floor for the first time in agency history. This is another success story that the Times will never cover.

[Senator Ron Johnson @SenRonJohnson]

People lost their lives and others were permanently disabled because the FDA failed to do its job.

The FDA knew that its algorithm was hiding safety signals associated with the COVID injection — yet it failed to warn the public.

[Libs of TikTok @libsoftiktok]

@BernieSanders You mean the dude with the nazi tattoo?

[GGM @nyggm]

@capnek123 Adding to $URNJ and $URNM.