for the sole purpose of slowly bleeding pm’s. Plat and pall left largely untouched, pall is up over 5%. SM futures continue higher. Only pm’s need to be made to look less attractive.
Gold will be the first to fall, up a measly $9. Silver was up 3%, now up 2.4% and drifting lower. Shares obediently following.
There’s only pm selling in the west. Yawn.
Not sure why, other than the QQQ’s are strong this am. Dollar is up some, not sure rates are trading, and oil is flat.
Silver is surprisingly strong, up $1.41. London coming online though, and then Crimex. We know how that goes.
ferret – 🙂
Book mark this link. Also take a look at what I typed and you can type in whatever you want and see any ratio from this link.
Time for The Great Disconnect. When I was small a smart fridge had a little man inside who turned on the light when you opened the door, and I thought that was pretty sus. Explained the missing ice cream, though.
If you have time, it might be interesting to see a chart of the gold/silver ratio. I’m guessing it has pretty much flat-lined for a while now. Perhaps formed a base?
My question last night of whether 4100/53 may be new support got slammed immediately this mornimg.
This has gotten downright ugly. Rates and the dollar are exploding. Oil coming back too? Why?
I wonder if this is more in anticipation of something. Maybe an attack to end all attacks on Iran? Tomorrow is Veterans Day here and Armistice Day in Europe I believe. The French are blaming Iran for shutting down their freezers which led to a massive amount of spoiled goods. I think it was 700 stores? I think it’s happened all over Europe. I don’t believe it was Iran though. I find it very convenient that this happened after all these countries warned the plebes to have a minimum of 72 hours of supplies in case of emergency. Problem, reaction, solution?
Maybe there’s more to today than we’re seeing. Big money always seems to know ahead of time.
I think they’re ramping up to get bigger. $2k AISC sounds kind of high to me … I guess I’m still adjusting from when a good number was more like $1200 or so. 🙂
The market sure gives and then takes away don’t it! Sigh
I’m off to do something constructive …
Those EQX earnings and their AISC just above $2K looked pretty decent. The PE is a little stretched but hopefully they grow into it. They’re not getting hit as bad as some of the others this morning. Good sign.
Could be. The estimates were odd to me considering they came in last month at .06. Why they’d drop them to.03 this month is beyond me. We are seeing oil down in the $84 range so that should help next month, although it seems diesel is probably more important.
Regardless, it does look like we’re back in the rate hike game again.
Let’s see how the shares react. I’m not sure we’re headed back to the bottom. I think 650 HUI was it, unless we get a surge of tax-loss selling which I suppose is possible.
Disappointing nonetheless brother. 😞
But is the Dog just back testing it’s
Casey Donaldson
@caseyjdonaldson
The US’s biggest export is gold, and most of it is going to China.
China is basically telling the world:
Trade with us in yuan.
Don’t trust the yuan? Convert your surplus into gold.
Store it locally. We’re building vaults abroad, outside
Western financial centers.
You don’t have to trust China.
You don’t have to trust the yuan.
You just have to trust gold.
Trust between nations is collapsing, and China is using gold’s 5,000-year monetary history to expand the yuan’s role.
It’s the dollar’s weaponization playbook in reverse.
We don’t own enough gold for what is coming.
.04. Higher than expected. Time to flush out any recent longs and re-test the lows @$3870.
Wash, rinse, repeat until your head caves in!!
Re: Abortions … you’ll get no argument from me there. Maybe those souls will be back again. I hope so.
Yes we were very lucky to grow up in the US when we did. It wasn’t Idyllic but looking back it was pretty darn good. 🙂
Good riddance to Susie Wiles! From what I’ve been reading she was an insider pestilence to the administration.
Looks like they’ve sent out an attack party in advance of the numbers. Looks overdone already, but I guess it could get worse. It can always get worse.
I suppose it had to happen as GDX took out the 20, 50, and 200 day moving avgs. over the last three days. Breakouts are strictly prohibited.
Oil down to an $85 handle. Dollar up a smidge. 10 yr. up 2 bips, SM mixed.
Let’s see if they buy the news in the pm market.
Unfortunately for 25% of babies conceived in America they are murdered before they are born. Not so much freedom or prosperity for them.
I do agree with you, and very interesting times for sure.
