Expect #QuantitativeEasing #QE, then #YieldCurveControl #YCC; THIS IS INFORMATION, NOT INVESTMENT ADVICE; DYODD; REPOST MAY or MAY NOT BE AN ENDORSEMENT;
United States of America
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My Investing thesis: “The time to sell miners is when U.S. Federal revenues consistently and persistently grow at a faster rate than U.S. Federal spending.”
…or as @NorthstarCharts puts it: “…unless GDP rises rapidly.”
“GDP = Money Supply x Money Velocity”
If Trump and Bessent do that with their tariffs and ‘$17T’ of foreign investments, they will have pulled a large white rabbit out of a tall black top hat like a professional magician.
Else “…money ‘printing’ on a massive scale.”
US 10-Year bond yields - I've been showing you this chart for 6 years. It's been playing out exactly as forecast & continues to show us the way 👇
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“The Internet Has a Basement, And Nobody’s Given You The Key.”jamesmacleod.substack.com/p/…
“If you sit two people down at two identical laptops, in the same room, at the same second. Have them type the exact same six words into the exact same search engine.
They will not get the same results back.
Not similar. Not roughly comparable, give or take an advert. Completely. Different.”
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From Ashna Dhuper @AshnaD1459147,
regarding #USTreasuryBond auction:
“At some point, the system needs an adjustment through some combination of higher nominal GDP, inflation, fiscal consolidation, or a weaker $USDollar.”
[Expect #QE #Quantitative easing,
then #YCC #YieldCurveControl,
unless #FederalRevenues (tariffs + income tax on higher GDP)
grow faster than #FederalSpending (Social Security, Medicare, cost of interest on >$40T #USDebt, etc.)]
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From my post 14 days ago:
“As the bond market seizes up, and oil prices rise,
don’t be surprised to see the stock market drop.
As more and more stock market sellers keep selling,
don’t be surprised if gold and silver fall, and $USD rises,
maybe even precipitously in a manner similar to March 2020,
then gold and silver rebound like March => August 2020.
“Been there, done that. Got the T-shirt.”
This may happen as stock market traders “on margin” sell anything (#Gold and its miners)
and everything (#Silver and its miners) to raise cash $USD to repay their loans (“margin”) to their brokers.
CAVEAT EMPTOR.
DYODD”
As the bond market seizes up, and oil prices rise,
don’t be surprised to see the stock market drop.
As more and more stock market sellers keep selling,
don’t be surprised if gold and silver fall, and $USD rises,
maybe even precipitously in a manner similar to March 2020,
then gold and silver rebound like March => August 2020.
“Been there, done that. Got the T-shirt.”
This may happen as stock market traders “on margin” sell anything (#Gold and its miners)
and everything (#Silver and its miners) to raise cash $USD to repay their loans (“margin”) to their brokers.
CAVEAT EMPTOR.
DYODD
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#Silver yearly candlesticks, 45-year chart from @graddhybpc:
“#Silver´s 45-year breakout is one of the most important breakouts in history.
Since 10 years back, my minimum target is $370…
‘the bigger the [45-year] base, the higher in space’”
Silver´s 45-year breakout is one of the most important breakouts in history.
Since 10 years back, my minimum target is $370. Which might be raised later on.
Rough yearly candle at present.
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From @jasongoepfert (via @pboockvar) 3 days ago:
“There are 2 days in history like today, when the S&P 500 $SPY rallied at least 1% to within 1% of a new high, and more of its stocks fell to new lows than highs.
• Jul 23, 1929
• Dec 21, 1999”
Look, I know...perma-bear blah blah blah.
But this is crazy stuff.
There are 2 days in history like today, when the S&P 500 $SPY rallied at least 1% to within 1% of a new high, and more of its stocks fell to new lows than highs.
• Jul 23, 1929
• Dec 21, 1999
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I remember March 2000 all too well.
That’s when the #DotComBubble burst all over me.
‘Been there. Done that. Got the T-shirt.’
The #NASDAQ dropped 78% from its #FOMO peak,
BUT the opportunity I missed was when
#Gold began its 10-year 8X bull market in 2001.
Both of these 2 dates were basically at or near a major top for the SPX, Jan 13th 1973 (Same month) and March 24th 2000 (4 month prior)
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From @Brien_Lundin:
“Why would anyone buy a #bond today? Certainly not for yield, but for capital appreciation potential when/if the Fed is forced to lower rates. (This potential is also bullish for #Gold.)”
EXACTLY! “Why would anyone buy a #bond today?”
I’d much rather own #MetalsInTheGround, a.k.a. miners AND their reserves.
It’s important to understand what’s happening here.
Bond yields are rising due to repayment risk. (This risk is bullish for gold.)
Why would anyone buy a bond today? Certainly not for yield, but for capital appreciation potential when/if the Fed is forced to lower rates. (This potential is also bullish for gold.)
So anyone care to guess what the best play is here?
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$SA Seabridge Gold’s #KSM project in the Golden Triangle of northern British Columbia (safer jurisdiction) has the 2nd largest known, but not yet mined deposit of #Copper on Earth, and #KSM has the #LARGEST known but not yet mined deposit of #Gold on Earth.
@GoldSeabridge
Copper just hit a new all time high at $6.90/lb. It takes an average of 18 years for the industry to find and build a new copper mine and two years to build a data center requiring tonnes of copper. Our KSM has 9.6 million tonnes of M&I economic copper resources in Canada.
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From Jesse Colombo @TheBubbleBubble
via @GoldSeabridge:
“The global bond rout...will ultimately lead to yield curve control (YCC), in which governments around the world resort to outright debt monetization...to buy back their bonds and...prevent yields from surging even higher...”
The Global Bond Meltdown Is Accelerating
Jesse Colombo: Global bond yields hit fresh two-decade highs Wednesday, hastening the eventual arrival of yield curve control
The global bond rout...will ultimately lead to yield curve control (YCC), in which governments around the world resort to outright debt monetization...to buy back their bonds and...prevent yields from surging even higher...
Yield curve control would dramatically increase the global money supply, causing inflation to worsen and would be highly bullish for hard assets, including precious metals. thebubblebubble.substack.com
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‘The bond market is smarter than the stock market.’
‘Bond analysts are smarter than stock analysts.’
I’ve heard those statements repeated for years now.
10-year U.S. Treasury yield is at a nearly 19-year high.
30-year U.S. Treasury yield is at a 22-year high.
From Jeff Remsburg of InvestorPlace Media today:
“In bonds, the 10-year Treasury yield is up to 5.14% – its highest level in nearly 19 years. Meanwhile, the 30-year Treasury yield just notched its highest level since 2004 – 5.43%.”
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““We own copper. There is no new supply coming over the next 8 years, and we have a big add-on from the data center buildout.” From Stanley Druckenmiller via @GoldTelegraph.
[Consider $HBM Hudbay Minerals.]
“We own copper. There is no new supply coming over the next 8 years, and we have a big add-on from the data center buildout.”
- Stanley Druckenmiller
The problem staring down copper is starting to go mainstream.
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From @TaviCosta:
“None of us own enough hard assets.”
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From Ashna Dhuper on Substack.com:
“10 Year Above 5%, Nasdaq at a Record: Someone Is Wrong
When Does the Fed’s Liquidity Tap Actually Get Exhausted?”
@LynAldenContact
When Fed’s liquidity tap going to get exhausted
ashnawrites.substack.com/p/1…
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From @TaviCosta on 09/19/2026:
“I think we will look back on this period and tell each other stories about how central bankers and other policymakers became so trapped that they had to let inflation run loose, with hard assets repricing accordingly.”
tavicosta.substack.com/p/two…
[Expect #QE #QuantitativeEasing,
then #YCC #YieldCurveControl,
unless the U.S. Federal government can consistently and persistently grow federal revenues faster than federal spending.]
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An old adage on Wall Street:
“The longer the base, the higher in space.”
From @TaviCosta 09/19/2026:
56-year monthly chart of #Silver prices:
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From @TaviCosta:
Graph of #Silver Prices divided by U.S. #M2 Money Supply
substack.com/@tavicosta/note…
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$SA Seabridge Gold
“Substantially Started Designation Review on Seabridge Gold's KSM Project Being Progressed by BC's EAO Office”
seabridgegold.com/press-rele…
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$CTGO Contango Silver & Gold: “Conference Call and Webcast
Contango will host a conference call and webcast to discuss the Kitsault Valley Project MRE update with the Company's CEO - Rick Van Nieuwenhuyse, President - Shawn Khunkhun, and Vice President, Exploration - Dave Larimer on Wednesday, September 23, 2026, at 1:00pm EST / 10:00am PST. Participants may join the webcast using the following call-in details:
6ix.com/event/kitsault-mre-u….
finance.yahoo.com/markets/co…
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