- Gold & Silver continue to get sold…
- POTUS to meet up with Xi
Good Day… And a Tom Terrific Tuesday to you! Well, yesterday I told you my thought on what’s going on with Gold right now, and then I had other thoughts come into my mind to follow that up… Ready? The Dodgers and Blue Jays played 18 last night and ended up on a walk off home run, by Freddie Freeman of the Dodgers. That gave the Dodgers a 2-1 lead in games… The winner of the 3rd game (The Dodgers last night) usually goes on to win the series… Odd games, is what my dad taught me, are the Big Ones! T-Rex greets me this morning with their song: Jeepster…
The short selling continued with Gold & Silver yesterday, with Gold losing $130 and Silver losing $1.70… It was evident from watching the pricing of the two, that the SPTs weren’t going to stop selling until Gold fell below $4,000 and Silver fell below $48… Mission accomplished for the SPTs… Now go away, you don’t have to go away mad, just go away! But going away isn’t in the cards as the selling continued throughout the night…
Gold tried to rally 3 different times during the night, but each time the rally was met by an onslaught of short selling… Now don’t get me wrong here, as I do realize that there is some real profit taking selling mixed in with the short selling, and those sellers that are taking profits, good riddance! They bought Gold for the wrong reason… I’m just saying…
So, that’s what went on in the overnight markets last night, The dollar is trading at the same level it traded at yesterday morning, 1,210 in the BBDXY… Gold is getting sold this morning by $52 and Silver $38-cents… The price of Oil slipped to trade with a $60 handle overnight, and the 10-year is seeing some buying and its yield falling to 3.98% to start the day.
I have something from Brien Lundin in the FWIW section today, please do not skip over it…
The POTUS is in Asia this week to meet with several Asian country leaders, but most importantly, China’s Xi… There are rumors of a Trade Agreement being ironed out between the two mega country’s leaders… And those naysayers that say there is no Gold manipulation are pointing to this rumor as the reason Gold is getting sold… yeah, right, and I have bridge I’d like to sell to you!
Last week Fed/ Cabal /Cartel chairman Jerome Powell made some comments that should have sent Gold to the moon, but the short paper traders (SPTs) made certain that didn’t happen…
What did Powell say that should have sent Gold to the moon? Well, he basically said that the Fed Heads’ Quantitative Tightening was ending… What? Wait! He stopped letting bonds mature and not replacing them… This is a tightening of monetary conditions folks, and he’s stopping it! What’s next?
Well, if you ask me… I see a return to Quantitative Easing (QE) coming our way, with the printing press of the money running overtime… And who will have to deal with the outcome of this? You, me, and the guy down the street with the sandwich sign that says, “Inflation here we come”! And for once, he’ll be correct!
I read yesterday that U.S. companies have announced 946,000 job cuts so far this year… YIKES! And to top that off, with no funds coming in the house because the bread earners lost their jobs, mortgage deficiencies are rising… Yes, things are looking dire folks… Call me Mr. Doom but someone has to be the messenger because you won’t hear The Treasury Sec. Or any Fed Head come out and tell you this….. Rate cuts won’t help this mess we’re in… That’s why I think we’re going to start up the printing press again… Scary, eh? And just in time for Halloween!
For those of you keeping score at home, the Fed’s Balance Sheet of bonds that they took off the hands of the Casino Banks back in 2008 reached over 9 Trillion at one point, and their maturities have only accounted for about $2.7 Trillion… So, the balance sheet will remain above the level it stood at before they began QE…
So much for that, eh? And all that comes back around to why the SPTs are taking Gold & Silver to the woodshed on a daily basis… Can you imagine what Gold will do when the markets find out what’s up Bullwinkle’s sleeve? So, make Gold & Silver start at levels much lower than they were so when they do take off for the moon, they start at a lower level….
And it won’t affect just the metals… All commodities will take off to the moon, and the dollar? Well, the dollar might as well pack a bag for a long trip down the slippery slope… The countries around the world that hold Treasuries are not going to be happy to be holding these bonds (our debt)… Bond yields will have to be held back by reins that keep bond yields from rising… And that’s called bond buying (QE)…
So, let’s see what Jerome Powell tells us after cutting interest rates again tomorrow afternoon… Are more coming? Are the Fed Heads concerned with rising inflation? These questions are more should be asked of the Fed Chairman…. But probably won’t be asked, because journalists these days don’t have any idea who this all works, who it effects, and the market’s reaction…
Man, I need a day off to rest up after all that thinking! But no worries, I’m here all week, so try the veal, and tip the waiters!
The U.S. Data Cupboard is empty, and as long as the Gov’t is shutdown, it will remain empty… There was a piece of data that came in last week that I talked about yesterday… The STUPID CPI had increased to 3% annually… I really got sick to stomach reading all the reports from journalists that talked about how that was a good sign that inflation hadn’t shown higher… What are these people smoking? The STUPID CPI still rose, and will continue to rise as time goes on, but will we see in the Data Cupboard? Not unless the Gov’t decided to stop being childish and throwing their temper tantrums…. I’m just saying…
To recap… The short paper selling of Gold & Silver continued yesterday BIG TIME! And Chuck gives you the agenda for the U.S. Fed/ Cabal / Cartel, Treasury and economy going forward this morning… Are you ready? I certainly hope so because this is going to get very ugly!
For What It’s Worth… Yesterday, I gave you an article about how Gold’s bull market wasn’t nearly done, and today I have Brien Lundin of the Gold Newsletter and head of the New Orleans Conference, the oldest (the grandaddy of them all if you will) conference. He has some thoughts on Gold that I think best shared with you and they can be found here:October 27, 2025 – Gold Newsletter – Gold And Silver On Sale
Or, here’s your snippet: “Gold and silver, as well as mining stocks, continued their retreat this week as speculators use the headlines as an excuse to cash in on their bets.
As I write, gold is down about $130 (3.2%), while silver is off around $2.20 (4.5%).
The catalyst for this latest sell-off seems to be word of an incoming U.S.-China trade deal, but really any headline would serve as an excuse for Western speculators to take profits after the extraordinary gains of the last two months.
That said, the idea that this gold market has been fueled by U.S.-China trade tensions is particularly absurd. You’d think that they’d come up with some less feeble excuse.
As an aside, before I started writing this issue today, I took a look at what I wrote last year in the Golden Opportunities issue that also came a week before our New Orleans Investment Conference.
Interestingly, gold and silver were also in the midst of a big decline on that day, with the gold price losing about 10% in the wake of President Trump’s election win, amid worries that he would choose Bitcoin to replace gold in the nation’s reserves.
That was the only real correction we experienced in this gold bull market, which began in late February of 2024. The current decline stands at about 8.5% and probably has a bit further to go in my opinion.
But like last year’s correction, this one is also based more on an over-heated, speculative rally temporarily running out of steam than anything else.
It’s important to realize that the primary drivers of this bull market — the necessity of currency depreciation in the face of unmanageable debt loads and central banks moving to the safe haven of gold in the face of this factor as well as the risk of dollar weaponization — remain firmly in place.
It’s also instructive to remember that, even at today’s lows, gold is still up 55% from the lows of that correction a year ago.
So, this too will pass. And those who take advantage of this “sale” on gold, silver and mining stocks will reap huge rewards.”
Chuck again… I’ve met Brien in a past life when I used to attend the New Orleans Conference… I agree with him 100% here… So, stay calm, batten down the hatches, and wait this selling out… That’s all I can say here…
Market Prices 10/28/2025: American Style: A$ .6557, kiwi .5773, C$ .7144, euro 1.1657, sterling 1,3307, Swiss $1.2584, European Style: rand 17.2562, krone 10.0022, SEK 9.3756, forint 333.11, zloty 3.6582, koruna 20.8513, RUB 79.74, yen 152.03, sing 1.2952, HKD 7.7698, INR 88.26, China 7.0997, peso 18.64, BRL 5.3736, BBDXY 1,210, Dollar Index 98.70, Oil $60.63, 10-year 3.98%, Silver $46.50, Platinum $1,572.00, Palladium $1,374.00, Copper $5.13, and Gold… $3,928
That’s it for today… I have lunch plans today! I’m going to meet up with my good friend, and former Big Boss, Frank Trotter! I’ll see how pumped up he is about Battle Bank getting ready to open their virtual doors! Man, I had a night of being like I was on steroids… No sleep! Finally, got to sleep around 3 am… UGH! Don’t know what caused that, I’ll just put it down as another feature of the chemo… Our Blues can’t seem to get going this season, as they lost again last night… UGH! My beloved Mizzou Tigers have a bye this week, good thing too, because they need to work with the freshman QB! Aerosmith takes us to the finish line today with their song: Dream On… I hope you have a Tom Terrific Tuesday today and Please Be Good To Yourself!
Chuck Butler