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CSX Santa Train is flying high
https://railpictures.net/photo/840235/
Maddog
They mentioned on the news a trail going to Soros funding the protesters.
Buygold
Re Yen
Check out quarterly chart on USD/JPY……huge base that supports move to 400/500…..back where we were in 1960’s
Article says they have no inflation, with CPI @ 2%. How is that possible?
We are at the last – and most painful – stage of the yen’s fall.
Maddog
Yeah I saw the tents and wondered if Soros had anything to do with it. Did they verify that or were they thinking what others were. Did you see on the news a couple protesters did t even know what they were protesting about. Who’s the idiot letting them stay there? Anyone yelling they are Hamas should be considered a terrorist and arrested.
I can see concern for the Palestine’s and what their doing but taking sides with instigators that get innocent people killed on both sides or terrorists is another. Both sides are wrong about how they’re going about it and filled with hate.
These schools have been dividing the young so long this is the result. It’s back firing on them. They will use any means to gather together against them even if they don’t know why.
Ipso 12:01
Charts were saying dollar was gonna crash, big head shoulder but inflation kicking up there came the Feds to fight inflation otherwise would of crashed. Funny how fighting inflation works out. Cost us more to buy things with rising interest rates while profits go in government and banks.
I can assume that why both gold and dollar could go up. Gold as a store of wealth or safe haven and the interest rates and battle to keep dollar up that would rather see our money go to them in for form of debt instead. Then there’s other currency’s might be in trouble, where are they gonna move. Maybe to both, as far as the dollar for now anyways.
Just remember though a crash and they’ll also move to treasuries, weather long or short term depending. Short term had been doing well for awhile when interest rates moving up. Now a crash or recession is predicted not to last long like 08 and Obama long term long recession did. 12-18 months this time. That’s they’re guess, maybe guessing Biden won’t win or are they? Would that be hyperinflation and depression and banana Republic to infinity with Biden here and everywhere at the same time? Sound like they’re talking about a banana Republic and hyper inflation after a recession like other bankrupt third world countries.
Escaped Friday relatively unscathed
Not too long ago we would have given up all of yesterday’s gains. No doubt they’ll fight us at $2350 and all the way up unless there’s some event that overwhelms them.
Looking at the stupidity of this government, literally anything can happen.
Maddog – I’m with you on Soros, how he’s still alive? Disgusting.
UBS
FWIW – I think he’s light on some of his estimates, but can’t hurt to have them pimping our pm’s and shares.
- With global risks escalating and geopolitical tensions rising, central banks around the world are implementing diversified allocations.
- As U.S. fiscal risks increase, investors are moving funds into gold.
- Concerns about gold being replaced by cryptocurrencies are no longer valid.
- Meanwhile, macroeconomic headwinds are turning into tailwinds for gold: TIPS yields and a weakening U.S. dollar, these “conventional” macro factors may drive gold prices up by another 10%.
- After adjusting for inflation, gold has not yet returned to its historical high in real terms (to reach this level, gold would need to rise by 40%),
- Market positioning (i.e., overall investor positioning) has not fully reflected the recent movement in gold prices.
- Gold stock valuations are low, with price-to-earnings (P/E) ratios 40% below normal levels., stock prices should rise by 45%.
@ipso facto re US Dollar
I just took a look. The US Dollar has been climbing for the past four months, along with Gold.
USD https://schrts.co/EKWMzAgn
But Gold broke out in spite of the higher Dollar, no?
Gold https://schrts.co/ymrdcATz
On second thought, the USD is flat where it was 6 mo ago, but Gold is a lot higher. So you could say the USD is falling hard against Gold.
Mr. Copper … if you look at the last several months the dollar has been falling hard against gold.
“headwind” Yes that’s true …
Now is not the time to stand in the way of this long-awaited historical breakout, in my view.
With gold prices at these levels, mining companies are likely to become true cash-flow machines.
Newmont's earnings release today was just a glimpse of what's to come. pic.twitter.com/WjYpEDT5Ql
— Otavio (Tavi) Costa (@TaviCosta) April 25, 2024
@ipso facto re US Dollar it’s not been doing well against gold …
Yes not as well. But I suspect if USD was not so high, Gold would be a lot higher today. Like its been kind of a headwind.
drb2 @ 12:07
“Andrew Jackson” That’s the kind of president we need now! We can’t seem to come up with honest, moral and smart leaders, they get drowned in the swamp.
@ Ipso RE: your 10:08 Post
Good Morning Ipso,
I’m quite sure that Trump knows the US relies on the one-time-dollar (aka FRN / Federal Reserve Note) being the world’s Reserve Currency for a huge amount of it’s power.
But I’m not sure if he is up to fighting the international bankers as Andrew Jackson once did.
If not, while a Trump President would be the best thing for America, it probably wouldn’t be for those hoping the USA will return to honest money (ie. goldbugs)
Trump Advisers Discuss Penalties for Nations That Move Away From the Dollar
- BRICS nations lead global debate over reducing dollar exposure
- Trump says Biden policies undermining respect for US currency
By Saleha Mohsin, Jennifer Jacobs, and Nancy Cook
April 25, 2024 at 2:30 PM PDT
Updated on
April 25, 2024 at 3:30 PM PDT
Former President Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter….
Maddog
George Soros … Darth Vader of planet Earth!
Buygold
‘Yeah, but the dollar is just sooo strong, it must be in great demand right?”
That’s a puzzlement as it is being printed into worthlessness by our lefty woke government. But it’s not been doing well against gold … only the other fiat currencies.
So will the US gov revalue gold to multiples of the current price? Some say they could pay off the debts that way … a massive devaluation of the dollar.
George Soros Paying Student Agitators To Whip Up Anti-Israel Protests
https://www.zerohedge.com/political/george-soros-paying-student-agitators-whip-anti-israel-protests
Why do we allow this PoS and his cohorts permission to breath…..
Ipso
Yeah, but the dollar is just sooo strong, it must be in great demand right? Pathetic. The index game gets tiresome after awhile.
We are lucky so far. At least the shares are kind of holding up.
Yep
As I have been saying,the threat of losing $$ supreme reserve status will be a national security issue.But when you need to force countries to use your currency,you have lost the battle @GoldTelegraph_ https://t.co/oOqSuvDZ5p
— Frank Giustra (@Frank_Giustra) April 26, 2024
Big as# nightmare
Biden is getting ready to impose the Green New Deal on the USA economy if he wins a second term.
🚨🚨🚨 pic.twitter.com/BzXtQ4NaVv
— Wall Street Silver (@WallStreetSilv) April 26, 2024
Unigold Inc. Provides Update on Exploration Earn-in Agreement with Barrick Gold Corporation on the Neita Norte Concession, Dominican Republic
https://ceo.ca/@newsfile/unigold-inc-provides-update-on-exploration-earn-in
AbraSilver Announces Closing of C$20 Million Strategic Investments by Kinross Gold and Central Puerto
https://ceo.ca/@thenewswire/abrasilver-announces-closing-of-c20-million-strategic
Sanu Gold Provides Update and Announces Additional Drilling Plan, Bantabaye Project, West Africa
https://ceo.ca/@newsfile/sanu-gold-provides-update-and-announces-additional
Abitibi Metals Extends High-Grade Central Lens in Infill Drilling at the B26 Polymetallic Deposit
https://ceo.ca/@newswire/abitibi-metals-extends-high-grade-central-lens-in-infill
Alpha Exploration Announces Final Assay Results Including 5m @ 11.03 g/t Gold at Aburna
https://ceo.ca/@newsfile/alpha-exploration-announces-final-assay-results-including
SILVERCORP TO ACQUIRE ADVENTUS, CREATING A GEOGRAPHICALLY DIVERSIFIED MINING COMPANY BY ADDING THE ADVANCED EL DOMO PROJECT
https://ceo.ca/@newswire/silvercorp-to-acquire-adventus-creating-a-geographically-89d83
Gold Hunter Receives Final Order Approving Plan of Arrangement
https://ceo.ca/@newsfile/gold-hunter-receives-final-order-approving-plan-of
Guanajuato Silver Announces Brokered LIFE Offering of Units
https://ceo.ca/@accesswire/guanajuato-silver-announces-brokered-life-offering
Sun Summit Announces Closing of $2,500,000 Private Placement
https://ceo.ca/@newsfile/sun-summit-announces-closing-of-2500000-private
Denarius Metals Announces 2023 Fiscal Year Results
https://ceo.ca/@newsfile/denarius-metals-announces-2023-fiscal-year-results
Cerrado Gold Announces Possible Late Filing of Annual Financial Statements
https://ceo.ca/@accesswire/cerrado-gold-announces-possible-late-filing-of-annual
Contact Gold Receives Final Court Order Approving Arrangement
https://ceo.ca/@thenewswire/contact-gold-receives-final-court-order-approving-arrangement
Galway Metals Announces Closing of Private Placement of Flow-Through Units
https://ceo.ca/@accesswire/galway-metals-announces-closing-of-private-placement
Nine Mile Metals Exercises Option Early to Acquire 100% of California Lake, Canoe Landing Lake East and Nine Mile Brook East Properties
https://ceo.ca/@newsfile/nine-mile-metals-exercises-option-early-to-acquire
Gatos Silver Reports South-East Deeps Drilling Results at Cerro Los Gatos and Announces Executive Appointment
https://ceo.ca/@globenewswire/gatos-silver-reports-south-east-deeps-drilling-results
Eldorado Gold Reports First Quarter 2024 Financial and Operational Results; Steady Start to 2024
https://ceo.ca/@globenewswire/eldorado-gold-reports-first-quarter-2024-financial
AGNICO EAGLE REPORTS FIRST QUARTER 2024 RESULTS – STRONG QUARTERLY GOLD PRODUCTION AND COST PERFORMANCE DRIVE RECORD QUARTERLY FREE CASH FLOW; 2023 SUSTAINABILITY REPORT RELEASED
https://ceo.ca/@newswire/agnico-eagle-reports-first-quarter-2024-results-strong
Lode Gold (Formerly Stratabound) Completes Second Year Commitments on Property Options Advancing McIntyre Brook Ownership
https://ceo.ca/@newsfile/lode-gold-formerly-stratabound-completes-second-year
PPX Continues To Deliver Solid Exploration Results At Callanquitas With Up To 18.93 Au g/t
https://ceo.ca/@accesswire/ppx-continues-to-deliver-solid-exploration-results
Adyton to recommence work activities on Feni Island Gold/Copper Project
https://ceo.ca/@newswire/adyton-to-recommence-work-activities-on-feni-island
KOOTENAY SILVER CLOSES BROKERED PUBLIC OFFERING FOR GROSS PROCEEDS OF C$10.35 MILLION
https://ceo.ca/@newswire/kootenay-silver-closes-brokered-public-offering-for
Snowline Gold Completes Oversubscribed C$31.9 Million Financing
https://ceo.ca/@accesswire/snowline-gold-completes-oversubscribed-c319-million
Lion One Drills 448.98 g/t, 202.34 g/t, and 108.5 g/t Gold at Tuvatu, Provides Operations Update
https://ceo.ca/@newsfile/lion-one-drills-44898-gt-20234-gt-and-1085-gt
Equinox Gold Completes US$299 Million Bought Deal Financing
Dollar and rates moving up
No idea what the numbers were.
Surprisingly we’re hanging onto some slim gains, but the scum is right there to sell and moves up.
Sort of trading with the SM.
Early follow thru
There’s some eco data out at 0830 EST that could shuffle things around that will likely indicate more stagflation.
Regardless, our pm’s are doing OK for now and we’ll see if the scum battles for $2350. I would sure hope not, but they probably will. They are bloodsuckers. The wait for $50-100 up days will most likely continue. It’s odd to me that we went from being in this sustained, short crushing move higher to sort of blah, no excitement, normal market in a matter of a week and a half. Doesn’t seem normal that we’re raging and then all of a sudden there’s no real interest?
Regardless, shares should tell the tale.
Dollar up a little, oil flat, Bitcoin flat, rates flat. SM, especially tech up nicely. We’ll see if it stays this way in an hour or so.