High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
The Treasury Department says Judy Shelton will become a counselor to Bessent to advise on currency policy, “with a particular focus on evaluating financial conditions in China.”
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
Gold Fields is considering a sweetened takeover bid for Northern Star Resources, sources say, as the South African miner seeks to overcome resistance to a deal that would create the world’s second-largest gold producer bloomberg.com/news/articles/…
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
i can tell almost no one has seen this video, it goes with yesterday's press release. for all the wdo holders out there, this looks like a new system,and as such is a big deal,imo. (especially given the stupidly low valuation it currently has.)
📽Hear from Jono Lawrence, SVP Exploration & Resources, on yesterday’s press release outlining Kiena East’s drill results and the emerging exploration potential of this distinct growth opportunity within the Kiena Mine Complex.⛏️
$WDO.TO $WDOFF #Canadianexploration #Wesdome #Gold
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
News Release 📰– @Mining_Americas Announces Key Permit Approvals for Development of the Cerro de Oro Project in Northern Zacatecas, Mexico.
$MAI.TO $MAIFF
Full news release: bit.ly/4cVqvlq
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
Mining Americas Announces Key Permit Approvals for Development of the Cerro de Oro Project in Northern Zacatecas, Mexico $MAI.TO tinyurl.com/2yj54h2r
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
BESSENT COULD UNLEASH $1 TRILLION ON BOND MARKET
The US Treasury could tap its nearly $1 trillion cash account to fund expanded bond buybacks, potentially giving it major firepower to push long-term yields lower.
Treasury recently doubled minimum buybacks of longer-dated securities to $4 billion, with Bessent signaling even larger purchases are possible.
Using existing Treasury cash could strengthen the program’s market impact while reducing the need for Federal Reserve involvement.
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
Wake up, folks. Commodities are telling you something, and yesterday the Treasury confirmed it.
Scarcity in the physical world. Repression in the financial one.
Scarcity pushes prices up. Repression holds yields down. The gap between them is the debasement.
Commodities are the only asset class that wins on both sides.
The structural case for commodities has been turbo charged. Underinvestment, deglobalization and electrification all pushing markets like diesel cracks and copper to new highs.
Meanwhile the chokepoints are increasing, from Hormuz to the Red Sea, the Rhine, the Panama Canal, the Black Sea grain corridor and Russian refining capacity. It is becoming increasingly apparent that not a single one of those is reachable by anything in Washington's toolkit whether it be caused by war or weather.
The illusion of abundance is likely behind us. I said as much on CNBC this Monday, and I got long gold, silver and agriculture last week.
Ten points for you to consider. (1/11)
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
Treasury said it is at least doubling the maximum size of purchases of longer-dated nominal coupons in its program to buy back government debt, raising the cap from $2 billion to at least $4 billion per operation beginning Sept. 9. home.treasury.gov/news/press…
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
US Dept of Treasury is increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities; The current maximum size of $2 billion per operation will be at least $4 billion per operation.
Yields, USDJPY tumbles
Well, that resolves the debate whether Treasury buybacks are "Mini QE" once and for all
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
BHP now accounts for a tenth of the entire Top 50 mining sector combined.
The miner has added $62 billion in market value in 2026, a 41% gain, reaching $216 billion and opening a record $50 billion lead over second-place Rio Tinto.
That gap was just $15 billion in 2024, making this the widest spread between first and second in the ranking's history. $BHP $RIO
Full Top 50 ranking:
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
Data reported by the People's Bank of China shows it increased its #gold reserves by 20 tonnes in July - the largest monthly increase since October 2023. This lifts YTD net additions to 60 tonnes, and total gold holdings to 2,366 tonnes.
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
China’s central bank extended its gold-buying streak in May, adding to holdings as prices of the precious metal remained under pressure bloomberg.com/news/articles/…
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
The People’s Bank of China added 10 tonnes to its #gold holdings in May, further increasing its pace of accumulation. Its YTD net additions now total just over 25 tonnes, with gold holdings now 2,331 tonnes.
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
Activist fund Elliott calls for sale of Australia’s largest gold miner ft.trib.al/VFoMsZM
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
Gold replaces US Treasuries as world’s top reserve asset, ECB says ft.trib.al/NQKj5B3
High Grade 🚜⚒🌎🥇🇺🇸🇨🇦 retweeted
Case in point. I'm short gold today and have been since early March.
Yes, I'm a gold perma bull. Right now I'm short — exactly like Billy Ray would be — because Turkey is showing you what's already happening.
The Turkish central bank has sold roughly 120 tonnes of gold to defend the Lira and fund energy imports. Bernard Dahdah was explicit in April: central banks are now selling gold "to defend their currency and/or to fund energy purchases."
bullionvault.com/gold-news/g…
When the marginal central bank flips from structural buyer to forced seller to pay for energy, gold's biggest bid disappears. Once central banks turn dovish after the energy crisis hits growth, the trade resets and I'm back long.
Even gold bulls have to read the tape. Gold 4,000 then 10,000.
9/10
