Oliver

[Digger ⛏️ @Digger_Vern]

1972 - Silver rose 3,368% in 96 months.
2003 - Silver rose 1,041% in 96 months.

Compared to the start of this #Silver Bull in 2024, by 1932 this would mean that Silver is trading at $270 versus 2003 and $818 versus 1972. In my opinion, Silver will beat 2003 with ease.

But what I want to emphasize is that Silver rode the 200MA during these Bull runs. Only during the 2008 financial crash did Silver go 50% below the 200MA, but it recovered quickly and before the stock markets could recover. After that, Silver rose nearly 500%.

Silver is now trading around the 200MA again. With Silver in a Bull run, this is an attractive add zone regardless of what happens in the short term.

[Oliver @olls22]

@FirstSquawk lol

[*Walter Bloomberg @DeItaone]

IRAN WARNS OF REGIONAL ESCALATION

Iranian negotiator Mohammad Bagher Qalibaf declared that a naval blockade against Iran and Washington’s support for Israel have made U.S. and Israeli assets in the region “legitimate targets.” He said Iran’s armed forces have full freedom to respond. Qalibaf also accused the U.S. and Israel of disregarding ceasefire commitments and diplomacy, arguing that their actions show they “only understand the language of power.”

[David Burrows @barometerca]

Now getting close.

In each of the two great bull markets in #preciousmetals, the first major correction was down approximately 35%, lasted about 140 trading days and retested the original low. (one slight undercut).

This should ultimately serve to clear the table for the next leg higher.
$GDX $GDXJ $SGDM $SGDJ $GLD

[Otavio (Tavi) Costa @TaviCosta]

There is nothing more technically bullish than a 40-year resistance level turning into major support.

That is exactly where gold miners sit today.

Act accordingly.

https://t.co/7Y87Aem7Ag

[Egon von Greyerz @GoldSwitzerland]

GOLD WILL NOT GO UP IN THE NEXT 5-10 YEARS

[Bull Theory @BullTheoryio]

BREAKING: Ray Dalio just said the AI market is a bubble and it will burst.

"All great technology changes produce bubbles," Dalio told Bloomberg. "The pricking is the converting of wealth into money" right now, every major tech company is pouring hundreds of billions into AI infrastructure and booking it as investment.

The moment investors demand actual returns, companies will have to show that the money spent is generating real profits from real customers. If the revenue is not there, valuations collapse and right now, the revenue is not there.

AI companies are spending $800 billion in capital expenditure this year alone. OpenAI spends $60 billion annually on cloud infrastructure against $25 billion in actual revenue.

Less than 1% of executives globally report meaningful ROI from their AI investments. 95% of enterprise AI pilots have failed to deliver measurable returns according to MIT.

The entire $2 trillion cloud backlog held by Microsoft, Oracle, Google, and Amazon is anchored by two unprofitable companies: OpenAI and Anthropic.

By 2030, the industry needs $2 trillion in annual revenue to justify what is being built today. Bain estimates it will fall $800 billion short.

Dalio is not saying the technology is fake. He is saying the economics do not work yet and every bubble in history has ended the same way when that moment of reckoning arrived.

[Oliver @olls22]

@RockBtmEntries @_Crypto_B_ lol

[Oliver @olls22]

@vcsgrizzfa2075 @GasBuddyGuy The US does not need the SPR. However they have been using the SPR to suppress the price of oil in the US. As the CEO of Chevron/Exxon said in their interviews recently once those reserves are depleted (Their estimates a few weeks) the price could rise to 150+ fast gas to 5-6$

[Peter Krauth @peter_krauth]

This needs no explaining... worth 1,000 words

[Oliver @olls22]

@Numbercruncher3 @FirstSquawk @JonahDispatch You know the US fast depleting its strategic reserves of Oil with Chevron an Exxon CEO’s saying we are weeks aways and once they are depleted Oil at the pump will fly past $5 wonder how US consumer/economy holds up then. Iran knows that time is on their side.

[Oliver @olls22]

@cryptobeast 3-1 Arsenal

[Oliver @olls22]

@carm1nee @mmoyshaa Jeremy has been way off on this one, he started calling for the bubble to pop 4yrs ago. It will pop at some point but too much time has passed for him to even claim he was right.

[Mr. Uppy @MisterUppy]

POV: you just sold your junior miners

[Oliver @olls22]

@PalisadesRadio @TheTechTraders Tomorrow he will tell us something different and Monday he will tell us Gold is heading to an ATH....Chris calls have been a useful as a wet tissue.

[Oliver @olls22]

@RockBtmEntries The miners will likely start moving once gold b/o vs SPX that will trigger the capital rotation into the sector I think we are still many months away from that happening...miners likley keep moving up/down essentially sideways for a while.

[Terry Lynch @terrybali]

More millionaires will be made in mining and commodities over the next 5 years than in AI.

I know that sounds wild. Hear me out.

AI runs on copper, nickel, lithium, uranium. Every datacenter, every robot, every EV.

The catch: we haven't sanctioned a major copper mine in over a decade. Discovery curves are flat. Discovery to production takes 15+ years.

Exploding demand meeting structurally constrained supply. Textbook setup for a generational commodities bull run.

AI gets the headlines.
The shovels get the returns.

Full conversation: https://t.co/icf4kdliTS

[Don Durrett - goldstockdata.com @DonDurrett]

🧐

[Oliver @olls22]

@TheSqeakyMouse I hope you are correct, I just feel longer term MA need time to catch up to provide the energy to boost the next move in the metals.

[TheHedgelessHorseman 🏇 @Comm_Invest]

Reminder that in a full blown Bull Market the HUI still consolidates "just" around 90% of the time.

... Be prepared to be very bored 90% of the time in order to catch the big moves.