“ As the conflict in Iran decelerates idle minds and flat P&Ls have returned to America’s most special form of domestic madness which would take an entire note and very risky writing to even list without ruffling and nose-twisting the most jaded reader.”
I think, like many of them, he has really gotten comfortable in the public eye and believes his words are so important everybody must hear them. Warsh could change things by simply instituting a rule that no FOMC member can speak to the press
That's a pitch from another Blog but the final subject seems to be of interest wrt silver:
"Silver is now embedded at the core of every high-growth sector that matters: artificial intelligence infrastructure, robotics, advanced electronics, solar buildouts, aerospace systems, and next-generation military hardware. Each of these industries is scaling simultaneously, compounding demand pressure on a finite supply base.
Then comes the real disruptor: solid-state silver batteries. Early breakthroughs suggest double the energy density of lithium-ion, twice the lifespan, and charging times as low as nine minutes. With global EV production already exceeding 30 million units annually—and each vehicle potentially requiring up to one kilogram of silver—this single innovation could redefine the demand curve entirely."
Gm Louis... Refiners are accepting sterling silver from the public again with delayed payouts depending lot size and purity. Still backlogs ... no updates on silver supply/demand... scrap estimates since the world silver survey in April. Banks used to do it. Now everything is AI or nothing...
Thanks JJ. I used to be in the scrap business, and still dabble a bit. My dealer in St. Louis only stopped taking sterling scrap for a brief time in the big run-up, and then started back up, but his offer is still very, shall we say, stingy.
As a side note, the friend who got me into the business is a follower here as well, pulled into the group by yours truly….circle of life!
if you've never seen it, the "tower of songs" mural is quite stunning in Montreal. it's just amazing. i'll be in Hydra this summer at some point and plan on taking a walk to find his old house ...
“ As the conflict in Iran decelerates idle minds and flat P&Ls have returned to America’s most special form of domestic madness which would take an entire note and very risky writing to even list without ruffling and nose-twisting the most jaded reader.”
JJ…You Crack Me Up!!!
Worth a year’s subscription just for this Gem!
👊
Did you see… “Powell warns politicized Fed would damage public trust: calls it a ‘stress test’ for democracy.”
Says the Fed head that lowered interest rates 2 months before an election with inflation running high. And the same Fed Head that won’t leave.
I think, like many of them, he has really gotten comfortable in the public eye and believes his words are so important everybody must hear them. Warsh could change things by simply instituting a rule that no FOMC member can speak to the press
don't forget, he waited until April 2022 to raise rates from 0-0.25% to 0.25-0.50% ...
1/2% fed funds... and guess where CPI was? over 8% ...
And worked in the industry he's protecting as Fed Chair.
That's a pitch from another Blog but the final subject seems to be of interest wrt silver:
"Silver is now embedded at the core of every high-growth sector that matters: artificial intelligence infrastructure, robotics, advanced electronics, solar buildouts, aerospace systems, and next-generation military hardware. Each of these industries is scaling simultaneously, compounding demand pressure on a finite supply base.
Then comes the real disruptor: solid-state silver batteries. Early breakthroughs suggest double the energy density of lithium-ion, twice the lifespan, and charging times as low as nine minutes. With global EV production already exceeding 30 million units annually—and each vehicle potentially requiring up to one kilogram of silver—this single innovation could redefine the demand curve entirely."
On the subject of silver, does anyone have any insight as to the current state of the scrap glut moving itself through refining?
Gm Louis... Refiners are accepting sterling silver from the public again with delayed payouts depending lot size and purity. Still backlogs ... no updates on silver supply/demand... scrap estimates since the world silver survey in April. Banks used to do it. Now everything is AI or nothing...
Thanks JJ. I used to be in the scrap business, and still dabble a bit. My dealer in St. Louis only stopped taking sterling scrap for a brief time in the big run-up, and then started back up, but his offer is still very, shall we say, stingy.
As a side note, the friend who got me into the business is a follower here as well, pulled into the group by yours truly….circle of life!
Which still would strangle the bottleneck Grid etc.
"I must admit, the “war” in the Middle East has become such a mind-numbing bore" I agree. I'm getting sick of seeing the back and forth on X.
if you've never seen it, the "tower of songs" mural is quite stunning in Montreal. it's just amazing. i'll be in Hydra this summer at some point and plan on taking a walk to find his old house ...
constant marginal imbalance of buying
A little help pls; order flow or?