Loading ...I just saw that! Incredible move by ZuckerGoebbels!
I think I’ll have to spend more time there.
Zuckerberg has banned Zero Hedge from it’s platform.
Yeah and Old Murph
has been bitching about the same thing for the last two decades that I’ve been invested.
Glad he carries the torch but I think we’d all be better served if he showed us how to profit from the manipulation – if he knew…
Then there’s old:
Murph tonight=They instead employ a gaggle of people who come up with endless phony explanations for gold’s irrational behavior.
Every rally stopped cold, every breakout denied, every day gold doesn’t have a follow through rally always involves “profit taking, “digesting”, “consolidating” or “risk on”.Gold’s “fake news” has been going on for decades
Bill,
Between Wednesday and Friday of last week the gold open interest increased by a very large 42,484 contracts. In typical cartel fashion the OI on Friday alone increased by 13,828, with gold gaining $13.20, which of course was +1%. That ratio of 1k of additional shorts per $1 of gold gain, along with the 1% capping have been highly reliable evidence of cartel interference. Today’s no follow through rule is also WAY up there. You just knew today’s trading was pre-ordained. No matter what COT says re: specs vs. commercials it is ALWAYS the same “resolute seller” stepping in to stop all gold rallies. The CME could crack down on this tomorrow but instead they offer the resolute sellers additional trading discounts.
The term “fake news” has only more recently become part of our lexicon. For gold and silver however fake news, or worse yet, (as CP points out) not even reporting the news, had been going on for decades prior to its creation. Kitco has been one of the worst fake news/no news sites of all. Gold manipulation is out there in plain sight, documented daily, yet they refuse to even mention it. They instead employ a gaggle of people who come up with endless phony explanations for gold’s irrational behavior. Every rally stopped cold, every breakout denied, every day gold doesn’t have a follow through rally always involves “profit taking, “digesting”, “consolidating” or “risk on”.
We’ll see what happens after this “digestive” phase plays out. Up until the recent intervention the trend was clearly higher. Should both metals break out for good it will take more than just 1k of shorts to stop gold a buck higher. Nothing feels worse for a short seller than standing in front of an oncoming bus.
James Mc
Ipso
It was pretty bad early on but I finished flat on the day – just because of GPL though.
Course doesn’t count the negatives on gold and silver
Bouteflika bows out
ALGIERS, Algeria (AP) — Algerian President Abdelaziz Bouteflika bowed to unprecedented public protests Monday and promised not to seek a fifth term after 20 years in power.
In a letter to the nation released by state news agency APS, the ailing leader also said the presidential election scheduled for April 18 would be postponed. He promised to establish a panel to plan a rescheduled vote.
Bouteflika, who is 82, has barely been seen in public since a 2013 stroke. His decision to run again set off protests in February and have expanded to include broader complaints about corruption and heavy-handed security policies.
Great Panther – GPL
Having a standout day up 12% on heavy volume. No idea why but I still think it’s cheap.
I hadn’t seen this news
Glencore, Goldcorp and Yamana ink agreement to integrate Argentina mines
Goldcorp, (TSX: G, NYSE: GG) Yamana Gold, (TSX:YRI; NYSE: AUY) and Glencore (LSE:GLEN; JSE:GLN) signed an integration agreement this week that stipulates the Agua Rica copper-gold project in Argentina will be developed and operated using the existing infrastructure and facilities at the Alumbrera mine.
“The integration of the Agua Rica project and the Alumbrera mine has significant merit given the proximity of the assets, and the potential to realize significant synergies by taking full advantage of existing infrastructure associated with the Alumbrera mine for the development and operation of Agua Rica,” the companies said in a statement released by Goldcorp.
cont. http://www.mining.com/yamana-glencore-goldcorp-ink-agreement-integrate-argentina-mines/
Moggy @ 15:19
Re AOC, good find, Thanks
Morning Buygold
Yup the SM is an absolute miracle. It was up 10 weeks, so a down 1 was ‘allowed’…now off to the races.
On Friday the scum made sure the Dow held 25 K and the Dog 7K, so no-one gave a damn come the weekend…
As long as this fiasco keeps running, I fear the PM’s will be just as firmly manipulated.
Because it’s a lefty newspaper you get a slanted article
Feds inch closer to approving Alaska mining project seen as a threat to Pacific Northwest
Washington —
Over the past several decades, fishermen, business owners, Alaska Native organizations and environmental groups have protested a proposed open-pit copper and gold mine at the headwaters of Bristol Bay — a pristine salmon habitat.
Now the federal government is inching toward approving the mining project.
Nestled in southwest Alaska, Bristol Bay is home to the world’s largest wild salmon run. The watershed supports a teeming ecosystem of eagles, grizzlies and beluga whales.
It’s also an economic engine for the Pacific Northwest. Each year, the fishery contributes thousands of seasonal fishing and processing jobs and millions of dollars in economic activity to Washington, Oregon, and California, according to the University of Alaska Institute of Social and Economic Research.
cont. https://www.theolympian.com/news/state/washington/article227144774.html
Miraculous recovery in the SM
PM shares really giving up the goose now. Maybe a head fake on Friday.
The scum is making damn sure there’s no follow thru.
$1300 a big brick wall.
Monday morning downer.
Morning Maddog
No follow thru in the metals but I guess that shouldn’t be a surprise to anyone…
Shares look like they might have a stable opening though.
The NEM – Barrick deal is helping GG and Barrick to open higher.
NEM-Barrick joint venture in Nevada
Barrick Gold, Newmont Mining Agree to Joint Venture
8:39 am ET March 11, 2019 (Dow Jones) Print
Barrick Gold Corp., the world’s biggest gold miner, called of its nearly $18 billion acquisition offer for rival Newmont Mining Corp. after the two companies agreed to form a joint venture combining their Nevada operations.
Barrick offered last month to acquire the rival gold miner in an all-stock stock deal for $17.85 billion. Last week, Newmont rejected the offer, but proposed a joint venture. Barrick’s biggest stockholder — VanEck International Investors Gold Fund — said it preferred a joint venture.
“We listened to our shareholders and agreed with them that this was the best way to realize the enormous potential of the Nevada goldfields’ unequaled mineral endowment, and to maximize the returns from our operations there,” Barrick Chief Executive Mark Bristow said in prepared remarks.
The companies said the joint venture would deliver about $500 million in average annual synergies before tax in the first five years.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
March 11, 2019 08:39 ET (12:39 GMT)
scum have made sure no follow thru all morning in Europe…..Au sat on non stop
while SM quietly bid.
Gold Train
Monday is here. C&NW’s “400” heads north out of Milwaukee.
http://www.railpictures.net/photo/689545/