I think the PAL/PLAT outperformance is because EV mandates and tax credits are going away making ICE’s back in play and also possibility of Russian sanctions which supplies most PAL. Huge stockpiles from covid are now stabilized so these metals could go more and totally stop listen to GS or the banks that ONLY want to steal YOUR potential profits after you did all your research.
I think that’s what’s going on in the market. I agree with you 100%. As mandates for EV’s decrease the application of platinum in diesel engines makes a comeback. Plus the stock a platinum being used in other types of engines. China keeps insisting that they’re gonna stick with their EV mandate. But I think that’s horseshit considering that they’re the ones buying the platinum.
Lady, I hate because it’s really got only one application gasoline engines. So I’m not a good person to be objective about it.
I’ve lost too much money being short palladium in long platinum over the years. Lol
So getting up to $3000 was nuts but palladium will continue as there is more industrial use and does not compete with jewelry like plat which is still very cheap. My thesis back in the spring buying SBSW below 5 was both will race to equal at least half gold meaning 2 oz Plat/Pal = 1 oz gold or greater just as i entered SLV dec 30 calls when we went over 100-1 which only happened 2 or 3 times in 80 years. Of course picking up 10 oz bars and bags of coins to dump on 47th street for $3-4 below spot for the big dump if we hit or break out of $50 (like I did in 2011) all cash strictly hush hush
I'm guessing EVs in China will continue. China has a lot of natural Coal and is investing heavily in nuclear power plants. Meaning they have centrally controlled energy vs. overseas dependence on oil based systems (gasoline/diesel/NatGas). If globalism is breaking down exposure to outside energy inputs becomes a national security matter. EVs cars make sense for China. The U.S. has fracked oil & NatGas which can be distilled into gasoline and byproduct NatGas for power plants. ICE makes sense for the U.S. cars of course China still needs pal/plat. China still produces catalytic converters for many brands as well as for domestic consumption. Diesel trucks are still king of the highways and require catalytic converters. China is a major manufacturing center for catalytic converters globally.
Smart cookie. Find what few are looking at in beaten up areas buid a thesis and build a postiion and what for others to see it. That got me into MXC at 6.75 right after Ukraine destroyed 30% russian bomber jets. It hit over 14 3 weeks after when we bombed Iran and oil shot up. Oil was at 61 so it was a no brainer with all these wars in oil country.
I think we wanna own the companies that are gonna be creators and issuers of stable coins, the bigger banks if they create their own stable coins, I think… And assets that will benefit from being tokenized.
So far the only thing I’m looking at as an educational tool is circle. They’ve gone from nowhere to a multi billion dollar company, they’re probably gonna be one of the main players. And I’m learning about the ecosystem by studying them.
Empirically, I think I’ve seen enough anecdotal and political evidence to do this. At this stage obviously there’s not a lot of empirical evidence, so at this stage you end up investing in a portfolio of companies and then as time goes on you rotate into the ones you learn more about and out of the ones you don’t like. Basically you make a fund of Teenies. A basket of potential beneficiaries. I think circle is legitimately empirically good to go.
The BTC market value has traded as low as 2.5x to 10x that of the stablecoin market value. If the stablecoin market has the capacity to grow to $3.7 Trillion, that is 14x from today's market cap. BTC market which has now passed AMZN and sits at $2.3T, well you can do the math!!
As an aside on Silver saw this post, not sure if it was a mistake. I suppose we will find out 23 hours from now.
Palladium is the one thing I see no one covering. Tells me it goes much higher. It smells like russian sanctions are coming which is a bad idea like Biden’s babysitters forcing them out of SWIFT and seizing assets.
I think the PAL/PLAT outperformance is because EV mandates and tax credits are going away making ICE’s back in play and also possibility of Russian sanctions which supplies most PAL. Huge stockpiles from covid are now stabilized so these metals could go more and totally stop listen to GS or the banks that ONLY want to steal YOUR potential profits after you did all your research.
I think that’s what’s going on in the market. I agree with you 100%. As mandates for EV’s decrease the application of platinum in diesel engines makes a comeback. Plus the stock a platinum being used in other types of engines. China keeps insisting that they’re gonna stick with their EV mandate. But I think that’s horseshit considering that they’re the ones buying the platinum.
Lady, I hate because it’s really got only one application gasoline engines. So I’m not a good person to be objective about it.
I’ve lost too much money being short palladium in long platinum over the years. Lol
So getting up to $3000 was nuts but palladium will continue as there is more industrial use and does not compete with jewelry like plat which is still very cheap. My thesis back in the spring buying SBSW below 5 was both will race to equal at least half gold meaning 2 oz Plat/Pal = 1 oz gold or greater just as i entered SLV dec 30 calls when we went over 100-1 which only happened 2 or 3 times in 80 years. Of course picking up 10 oz bars and bags of coins to dump on 47th street for $3-4 below spot for the big dump if we hit or break out of $50 (like I did in 2011) all cash strictly hush hush
I'm guessing EVs in China will continue. China has a lot of natural Coal and is investing heavily in nuclear power plants. Meaning they have centrally controlled energy vs. overseas dependence on oil based systems (gasoline/diesel/NatGas). If globalism is breaking down exposure to outside energy inputs becomes a national security matter. EVs cars make sense for China. The U.S. has fracked oil & NatGas which can be distilled into gasoline and byproduct NatGas for power plants. ICE makes sense for the U.S. cars of course China still needs pal/plat. China still produces catalytic converters for many brands as well as for domestic consumption. Diesel trucks are still king of the highways and require catalytic converters. China is a major manufacturing center for catalytic converters globally.
Long all 3 - PALL; SPPP; and PPLT!!
Smart cookie. Find what few are looking at in beaten up areas buid a thesis and build a postiion and what for others to see it. That got me into MXC at 6.75 right after Ukraine destroyed 30% russian bomber jets. It hit over 14 3 weeks after when we bombed Iran and oil shot up. Oil was at 61 so it was a no brainer with all these wars in oil country.
Hi Vince,
Re your digital gold a soon wall st securitization thing:
I like the theory.
1. How do we participate in the process (besides owning gold)?
2. What empirical evidence will you want to see to increase your conviction?
Thanks
I think we wanna own the companies that are gonna be creators and issuers of stable coins, the bigger banks if they create their own stable coins, I think… And assets that will benefit from being tokenized.
So far the only thing I’m looking at as an educational tool is circle. They’ve gone from nowhere to a multi billion dollar company, they’re probably gonna be one of the main players. And I’m learning about the ecosystem by studying them.
Empirically, I think I’ve seen enough anecdotal and political evidence to do this. At this stage obviously there’s not a lot of empirical evidence, so at this stage you end up investing in a portfolio of companies and then as time goes on you rotate into the ones you learn more about and out of the ones you don’t like. Basically you make a fund of Teenies. A basket of potential beneficiaries. I think circle is legitimately empirically good to go.
do you already have any other candidates for your basket?
Go with Bitcoin BTC for exposure!! Some light to the Stablecoin conversation:
https://x.com/SecScottBessent/status/1935027160374210573
https://x.com/Monetaryguy589/status/1940481709117710813
The BTC market value has traded as low as 2.5x to 10x that of the stablecoin market value. If the stablecoin market has the capacity to grow to $3.7 Trillion, that is 14x from today's market cap. BTC market which has now passed AMZN and sits at $2.3T, well you can do the math!!
As an aside on Silver saw this post, not sure if it was a mistake. I suppose we will find out 23 hours from now.
https://app.screencast.com/0nv8a7aiuCBYJ
yes i've been wondering about this too re tariffs
i hope it's not the real reason why silver broke out....
Biosig $BSGM. RTO into nasdaq shell/not shell.
2 headline big strategic advisors frank giustra and Osisko founder sean roosen (board members have real liability, advisors not so much).
Is there an expert on the space following the new and older entrants big and small?
Which major Bank is about to collapse as the silver short fool/Idiot...?
If B OF A had a 1 billion oz short on silver, we will soon find out..!!
Because of Citibank's $2800 gold call I'd guess they have exposure to Silver longs.
Palladium is the one thing I see no one covering. Tells me it goes much higher. It smells like russian sanctions are coming which is a bad idea like Biden’s babysitters forcing them out of SWIFT and seizing assets.
Glint is another?
https://x.com/Glintpay?t=DYCbJvFJLX89X01R5HDiBw&s=09
Is there someone to follow who's tracking and evaluates these "tokenize gold" cos so I don't have to?
Ask me about PM miners.
Crypto 🤔🙄😬?
Emails on substack unreliable,
Vince