How is President Trump doing? With a one being worst and a ten the best.
Total Voters: 36
Loading ...Yes we have and they are back to crushing these shares on earnings regardless of what the metals are doing. Makes me a little nervous about where the metals are going, despite their strength.
SLW has been slacking lately and I’m not sure why.
The dollar needs to roll over.
Obviously, after rates already went up. Ten year rate peaked at 2.61% on 12/16/16. Rates today?? 2.32%, a total of 11% DROP in rates that were SUPPOSED to go up.
Maybe the Gold market is in a wrong short term knee jerk reaction afraid of deflation. Deflation is also good for gold eventually, because it shows or proves the incompetence of the financial authorities.
I heard steel stocks got hurt recently because Trump implied a delay in infrastructure spending. Since steel is a metal, and gold is a metal, maybe the AU AG miners are acting in sympathy with other miners on unimportant metals.
When they are having trouble holding PMs down, they attack miners to tamp down enthusiasm. The juniors are in the green, but all the major producers are in the red.
Sorry to hear you lost one of your deer. They sure are a sight to enjoy, aren’t they? I feed mine corn but it appears a new neighbor down the road a piece must be feeding them, because they aren’t showing up on a daily basis…but when they do, I find them sleeping in my front yard, waiting for me to get moving, lol.
LOL God help them!
Back in the days when i used to enjoy watching TV once in a while
they do something every day at work. they are the LARGEST consumer of vaseline in the world= spankers. It arrives in tankers at the SEC offices around the US
is a democrap
just check the SPY options and lo and behold the largest option possy is 235.00, all the rest is bollocks….it is just the scum screwing the general public….yet again.
A typical rubbish headline from the normally smart Zerohedge
This Is The Worst Day For US Stocks In 2017 (So Far)
http://www.zerohedge.com/news/2017-02-24/worst-day-us-stocks-2017-so-far
No doubt next week normal service of daily records, will be resumed.
So all SEC employees can get back to wondering, where they will be taken for that 5 course lunch, well it is Friday, so no need to even go back to the office.
PM’s all back under control….Largest GLD put/call No’s are …surprise, surprise 120.00 Calls 119.50 Puts …shud settle just north of 119.50. GDX trading @ 24.50, the ideal settlement.
Of course yet another Dollar ramp from nowhere caused it all and got the SM off it’s arse…..
PS is working for the SEC the ideal job for the worlds most bone idle bums on the planet….clock in for 6 hours and do absolutely nothing all day, every day ?????
the French wine is BAD ! Maybe they can vote Obama in as President in Absentee?
French Voters Call On Obama To Run For President To “Give French People Hope”
Asanko (AKG): Looks like K2 Associates was right all along
A massive reserves loss at Nkram, just the way the K2 shorters predicted.
Eldorado Reports 2016 Year-End and Fourth Quarter Financial and Operational Results
http://finance.yahoo.com/news/eldorado-reports-2016-end-fourth-221000479.html
Sandspring announces maiden Mineral Resource Estimate for Sona Hill Discovery
http://finance.yahoo.com/news/sandspring-announces-maiden-mineral-estimate-221153744.html
Silver Standard Reports Fourth Quarter and Year-End 2016 Results
http://finance.yahoo.com/news/silver-standard-reports-fourth-quarter-222700648.html
Centerra Gold 2016 Year-End Gold Mineral Reserves Increase to 16 Million Contained Ounces
http://finance.yahoo.com/news/centerra-gold-2016-end-gold-230000790.html
Nevsun Announces 2016 Results; Provides 2017 Outlook and Redeploys $120 Million to Fund Timok
http://finance.yahoo.com/news/nevsun-announces-2016-results-provides-235800376.html
TMAC Nearing Commercial Production at Hope Bay
http://finance.yahoo.com/news/tmac-nearing-commercial-production-hope-014800117.html
Centerra Gold Reports Fourth Quarter and 2016 Year-end Results
http://finance.yahoo.com/news/centerra-gold-reports-fourth-quarter-022637424.html
Asanko Gold Updated Resource and Reserve Statement
http://finance.yahoo.com/news/asanko-gold-updated-statement-114500231.html
Otis Announces Strategic Investment by Agnico Eagle
http://finance.yahoo.com/news/otis-announces-strategic-investment-agnico-130000097.html
Will look for a good place to ease into that one.
Lost one of my deer heard members this week. The Group of Five have been dropping by the back yard two or three times a week for months now. I have been buying bags of apples to entice them to drop by more often. Think I seen one of the large does laying on the side of the highway behind the house. Hoping it was not one of the five. I have enjoyed their company in the pre dawn mornings sitting out on the porch with my coffee.
Best, Farmboy
I’ve been holding SSRI through thick and thin and wish I had bought it where it is now…but I expect this one and only precious holding to pay off before I go toes up.
Dow futures fall 100 points; stocks poised to pull back from record highs
http://www.cnbc.com/2017/02/24/wall-street-expected-to-open-lower-after-dows-record-close.html
Comment: Question? Will this drag the PM stocks down with it? GRrrrrr !
I went looking for a mining company early this morning that I had some success with 10-12 years ago called Claude Group Resources. Could not find them listed until I found a story where Silver Standard had bought them out last year. Then I ran across this story (guess where!) this morning. Am curious if any of you folks are holding this one in your stable? Good bet or not? TIA ( I’m one of those that voted I spent 15 min checking out stocks, just in case you’re wondering)
Silver Standard Reports Profit, Record Output In 2016
http://www.kitco.com/news/2017-02-24/Gold-Silver-Mining-Daily-News-Briefs.html
Traders Take The Higher Road
”
(Kitco News) – Metals broke out of the holding pattern on Thursday, as traders are becoming less worried that the Fed may move in March. The dollar softened and gold broke up through resistance at $1,245, where it had struggled on three occasions over the past two weeks. Silver also hit our $18.25 target suggested about 10 days ago. President Trump’s fiscal plans may include a border adjustment tax, which will be necessary to offset the proposed tax cut. So if you can’t buy it in the US, you’ll pay 25% more from a foreign supplier, which would neutralize your tax cut. American workers will make a minimum wage of $15/hour and a large chunk of imports are from counties where the minimum wage is a fraction of that. The math so far doesn’t make sense, but let’s wait and see what the package looks like. The prospect should be higher inflation at a minimum and with the Fed likely behind the curve, gold is getting a further look by fund managers. I am about to board a flight back from Hong Kong, so I am literally flying by the seat of my pants with a suggested price range today. If gold can gain some momentum and maintain above the $1,255 level, further price action suggests a test of the $1,268 line. Silver’s next resistance line appears around the $18.65 area.”
Yup shares shud take out the 25.00 strike on GDX easily….but scum/granters will fight like hell to stop it.
What intrigues me is not only do the granters sell seemingly without limit, they never cover either…..so somewhere is a bottom drawer with a mountainous short position in it…or do the scum just take it off them and then it disappears into the scum account, which seemingly no-one margins, let alone settles.
Agree. We’re back on the stairs up in the metals and they look strong despite the USD not down much – good action. Unfortunately, they are pinning the shares down for now. We still have that HUI 200 dma up around 220, and the scum seems hell bent on defending it.
I doubt if we keep climbing they’ll be able to do it for long. That’s the hope anyway.
I expect Farmboy to show up any minute with an update from Kitco to let us know why we’re up today.
