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Hope he’s still out there and okay!

On another note, gold in Canadian $$ hit and surpassed it’s all time high today. Now dropped back a little but still flirting with it!

…making a nice come-back the last hour and a half,  this morning’s beatdown not totally reversed, but if the next couple hours are like the last hour and a half,, we may even see a little green.

1. 1h1 hour ago

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   Initiating 50% position in SLV August $14 calls for $.68 looking for a move to $2.00 by mid-August and SLV north of $16.00…

   

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2. 4h4 hours ago

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   Never in my wildest nightmares could I have imagined gold at $1,430 and silver under $20. a 92.6 GTSR is beyond repulsive; it is criminal and the CFTC and the SEC should be replaced.

Dec 2018, smart guy, part:

Gold is showing a divergence with the dollar and stocks, indicating upside potential for the yellow metal in 2019, said Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
“A lot of the drivers are turning positive. The volatility of the stock markets is turning up, from the lowest ever…and the dollar has had a substantially strong year. The trade-weighted dollar is the best performing major asset class on the planet this year. It’s up 8% this year, yet gold is trickling, it’s up/down 6%. To me, I see a sign of divergent strength,” McGlone told Kitco News.
McGlone added that those pressure factors are likely to go away in 2019, paving the way for gold to rally.Dec 2018

https://www.kitco.com/news/video/show/Outlook-2019/2212/2018-12-17/Signals-Show-Great-Upside-For-Gold-In-2019—Bloomberg-Intelligence#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DOutlook-2019

Yeah, this sector has been an algo playground for as long as we both can remember.

It does appear that the switch might have flipped. No idea for how long, but the strength in both the shares and the metals, with maybe the exception of silver lagging, has been a pretty nice change of pace.

I have miles and miles to go before I’m even close to being made whole from the carnage, but at least the bleeding has stopped for the moment.

Would love to see gold back up toward $1700 and the HUI up toward 600 again.

It bottomed at 1424–but instead of being down 10 or 20 smackers as I write, it is strongly bid and 11 spondulaks off that low at 1435 up $17.50…do u realize what a sea change tha is??–not only in golds resililience but in the intra-day price swings….just. a few weeks ago it was in a coma…

As for the sell off in the HUI/Pm stocks/ETFs–some say it’s done with algos at the FED/bullion bank trading. desks–but putting.  that aside…I see it as the normal process of. working off the high RSI/overbought. conditions…

JNUG down   at 12 bucks while gold was  up 16$s was. a strongh R640. buy signal-I was out and missed it–JNUG bottomed. at 11.97. and has come back. strong–at 12.41 now

If the HUI can end the day near even or up…that would be quite. a sensational  day…that’s how it is now,  hopefully gold won’t get. SLAMMED this afternoon…that threat is still present.

One good sign:

My smelly ole NGD is launching=up. 10.2 cent [+12.5%] @ 92.5 cent-just a hop skip and a jump from my 400 Aug one dollar strike calls I paid 5 cent for–last trade on those was 12 cent on double the daily avg volume

Totally agree about your prediction for today’s action in the PM’s/shares. It almost feels to me that the algos run their daily programs of shorting a lot of these shares to death, shortly after the opening, and then cover their shorts on a daily basis. They can have their way with a lot of these thinly traded stocks because there’s no one else playing these things……..

Bearish view on lows at $1160 Gold. “Assets in ETFs backed by the metal drop for 13 straight weeks”

https://www.bloomberg.com/news/articles/2018-08-20/gold-investors-give-up-hope-as-biggest-short-in-history-builds

This is going to be interesting.

Either the metals are going to drop down to meet the action in the shares and the USD is going to bounce OR there is going to be some dip buying coming in pushing the shares higher.

Also have to think if they rally the USD, they may also try to rally the SM? Ten yr. now yielding 1.99%

https://www.zerohedge.com/news/2019-06-25/trump-slams-irans-ignorant-insulting-statement-warns-any-further-attacks-will-mean

Well that didn’t take long….so the only thing holding these mkts together is the scum …because the Iranians are bound sure to test the Donald…..Oil should be marching higher, AU is well up, but the shares are being sat on….without the scum the SM would be 100 down.

South America snapshot: Eight companies advancing assets

Sprott’s gotta be a winner sometimes! 🙂

I think that mine is going to be very successful.

Yeah, I’m not sure why he hasn’t been taken out. He’s a Rothschild guy through and through so maybe he’s protected and it’s “hands off”- even for Vlad.

Maybe all these world leaders are in cahoots, and everything is just for show.

Based on the close last evening in US$ , and converting using today’s exchange , he got a bargain !
The conversion of my small holding indicates yesterday’s close in C$ to be C$ 3.68 ***, so at C$3.10 he had a discount of over 15% !

***US $2.7928

as GDX is down over 2 % wheras Hui is down only 1.4 % and looking at top ten holdings in GDX nothing is down too much.

But it is long past the time the PM shares traded independently of the SM……

Good cop bad cop??

Rubicon Minerals Provides an Update on the Phoenix Gold Project New PEA and Comments on Recent Trading Activity

https://ceo.ca/@newswire/rubicon-minerals-provides-an-update-on-the-phoenix

after a long period where gold and silver were in lockdown mode it seems as though “The Rig” is broken … or else some very serious problem is just under the surface. “Demand for physical” that could be it.

Anyways … it’s a most welcome development!

My wife cannot understand why someone hasn’t taken Soros out…Vlad hates him, so why has he left him alone.

…beginning to look like another temporary bump in the road.  gold up twelve bucks, silver up to unchanged.

sooner or later, silver will come to the party.  if i had a vote, i’d vote for sooner.

Looks like the PM shares are so poorly traded that the idiot Algo’s see the SM down, so despite AU flying, they mark the shares down….!!!!!

These have to be bargain prices…

and this is sure to make life calmer.

NATO Tells Russia To Destroy New Missile Or Face Consequences

https://www.zerohedge.com/news/2019-06-25/nato-tells-russia-destroy-new-missile-or-face-consequences

https://ceo.ca/@newswire/continental-gold-announces-us25-million-strategic

“It Would Be An Earthquake” – Three Chinese Banks Tumble After US Threatens To Cut Them Off From SWIFT

https://www.zerohedge.com/news/2019-06-25/chinese-banks-tumble-after-us-threatens-cut-them-us-financial-system