Bill’s Commentary:
Bill’s latest interview with Dr. Dave Janda (Also posted under Interviews)
Bill interviewed at Liberty and Finance (Also posted under Interviews)
Author: kbillholter
Bill’s latest interview with Dr. Dave Janda
Bill’s Commentary:
“I’ll believe this when I see it!”
@WatcherGuru
JUST IN: 🇺🇸 President Trump still plans to audit Fort Knox to confirm its $700 billion gold reserve has not been stolen.
Bill’s Commentary:
“Got silver?”
The Battery That Just Beat Toyota. What It Means for Silver.
FX Empire ^ | 7 May 26 | Radomsky
Posted on 5/11/2026, 5:45:44 AM by delta7
On April 14, a Chinese battery startup backed by one of the world’s largest automakers rolled the first A-sample all-solid-state battery cells off a production line in Guangzhou….The company is targeting GWh-scale output by the end of 2026, twelve to eighteen months ahead of where Toyota’s timeline stood at the start of this year. The silver market has not priced this in….
…Greater Bay Technology’s A-Sample Changes the Timeline
Greater Bay Technology (GBT) is a battery startup backed by GAC Group, China’s fourth-largest automaker by volume. On April 14, GBT confirmed that A-sample all-solid-state battery cells are now rolling off its production line in Guangzhou’s Nansha district. The specifications: energy density of 260 to 500 Wh/kg (compared to roughly 250 to 350 Wh/kg for current liquid lithium-ion); stable 2C to 3C fast charging; and a proprietary deep eutectic composite electrolyte that passed needle penetration, extrusion, and thermal shock testing without thermal runaway. Vehicle integration in GAC’s Hyptec models is the target platform. GWh-scale production is targeted by the end of 2026. That last point is what changes the industry timeline. Toyota has been the most credible name in solid-state development for the better part of a decade. Its announced target for mass production has been 2027 to 2028. GBT’s April 14 announcement puts A-sample production hardware in Guangzhou now. Not in 2027. Not in a laboratory. The commercialization clock has moved. Why Solid-State Batteries Are a Silver Story
Samsung SDI’s leading solid-state architecture uses a silver-carbon (Ag-C) composite anode, approximately 5 grams of silver per cell, and roughly 200 cells per pack, producing around 1 kilogram of silver per 100 kWh of battery capacity. In a mid-size EV with a 75 kWh pack, that is roughly 750 grams of silver per vehicle. Current liquid lithium-ion EVs use between 25 and 50 grams of silver per vehicle, primarily in electrical contacts, sensors, and thermal management. Solid-state architecture at Samsung SDI’s silver intensity would represent a 15x to 30x increase per vehicle in silver content….
Bill’s Commentary:
“Ignore Michael Burry at your own risk…”
Michael Burry says the market today feels like ‘the last months of the 1999-2000 bubble’
Michael Burry of “Big Short” fame is warning that the stock market’s fixation on artificial intelligence is beginning to resemble the final stages of the dot-com bubble.
“Absolutely non-stop AI. Nobody is talking about anything else all day,” Burry wrote Friday in a Substack post after listening to financial television and radio coverage during a long drive.
The investor, best known for predicting the U.S. housing crash, said stocks are no longer reacting meaningfully to economic data such as jobs reports or consumer sentiment in a logical way. The S&P 500 rose to a fresh record high Friday as traders focused on a slightly better-than-expected April jobs report rather than a record low reading in consumer sentiment.
Bill’s latest interview with Dr. Dave Janda (Also posted under Interviews)
Bill’s Commentary:
“Gold coming back into the system after an all out (failed) attempt to demonetize it…”
Bill’s Commentary:
“Weekend comedy!”
The latest from USA Watchdog –
HANTAVIRUS
Bill’s Commentary:
“Imagine that!”
U.S. Army Clinical Trial with Hantavirus DNA Gene Therapy Inection-98% of Participants Suffered Adverse Events
According to Nicolas Hulscher (Epidemeologist and Foundation Administrator at the McCullough Foundation) via LinkedIn…’The US Army already ran a clinical trial with an Andes strain hantavirus DNA gene-therapy injection — the exact same strain behind the cruise ship outbreak.
98% of participants suffered adverse events.
The latest from USA Watchdog –
Bill’s Commentary:
“It’s different alright… never before has so much leverage been piled on just to abort mild corrections. Assets MUST inflate or the system dies from deflation. It was true in the 1950’s when Richard Russell coined the phrase and still true today…”
The Permanent Distortion Theory
“This time it’s different” is supposed to be the dumbest phrase in investing.
It’s the phrase people use right before they get obliterated. It was the rallying cry of dot-com lunatics buying companies with no revenue in 1999. It was the intellectual foundation of housing perma-bulls in 2006 who believed home prices could only go up because, apparently, Americans had collectively decided real estate was immune mathematical reality.
It’s typically what people say when they’re trying to justify paying absurd prices for dogshit assets while pretending the laws of valuation have been permanently repealed: “this time it’s different”.
Which is why it’s deeply annoying and borderline humiliating for me to admit that this time, it actually may be different.
The latest from USA Watchdog – Bill interviewed – (Also posted under Interviews)
Bill’s Commentary:
“I remember late 1999 and again in 2007-08 when people disparaged Warren Buffet for raising so much cash…he was right!”
Berkshire annual meeting recap: Buffett says investing environment not ideal, sees ‘gambling’ in markets
In his first annual meeting as CEO, Berkshire Hathaway’s Greg Abel discussed a wide array of topics from artificial intelligence to his efforts to grow the conglomerate.
Abel said the Omaha-based firm was thinking criticially about how to use AI to add value, saying that Berkshire wasn’t “going to do AI for the sake of AI.” Abel also walked through efforts to improve its railway and insurance businesses at the event, which has long been called “Woodstock for Capitalists.”
Abel was joined on stage by members of his leadership team, but chairman Warren Buffett made remarks from the audience. Abel celebrated his predecessor by hanging a jersey from the rafters of the CHI Health Center, where the event is held each year. A deepfake version of Buffett also asked a question, prompting a discussion on the cybersecurity risks tied to AI.
Bill’s Commentary:
“Here is the math for holding (and issuing) 30 yr Treasuries. Got gold?”
Those Big, Beautiful Bonds
Deciphering the trader talk in the article, the Treasury took on an additional $13 billion in debt that is repayable in 20 years, paying an annual interest rate of 4.883% (approximately $635 million a year).
A 2.68 bid-to-cover ratio means that for every $1 of debt issued, there were $2.68 in bids, suggesting a healthy market appetite. Only so many entities can lend billions of dollars at a time; here are the three who took the auction:
- Direct bidders (institutional money like pension funds) took 22.9%;
- Indirect bidders (foreign central banks) took the brunt at 67.4%;
- Primary Dealers (JP Morgan, Goldman Sachs, etc.) held just 9.7%.
BillHolter.com 