so we can print it for all to see  …and get this ball rollin..

” I have a lot of dem marginal min(ers).”

LOL So do I!

Oh yeah.

Did I ever mention that Rubino is the kiss of death?

If we do start to see a “resilience rally” as you mention where gold goes up $3-4 a day, then I think we can bet the farm that this rally is going pretty much nowhere.

I’m not liking the action in the shares or metals in the last two days, especially with the USD getting hammered and the 10 yr. down to 2.08%

Beginning to look and feel like a lot more like the same old shit to me.

BTW does “Buddah” have an “H” at the end? Or is it “Budda” without the “H”. I want to make sure I address you correctly. I do know how to spell “Gartman” so make sure we don’t go there. 🙂

On a day like today, there is just one reason why it’s rolling over…and the back benchers can devise all the esoteric theories about rates and ratios and confidence they want to explain the retreat…

Authored by John Rubino via DollarCollapse.com,

Here we go again. After a couple of big trading sessions, gold – for the sixth time in five years – is approaching the $1,350-ish level that has, each previous time, stopped it cold.

It looks like fundamentals, including the Fed’s capitulation to choppy stock markets and trade-war related economic uncertainties, aretrumping gold’s usual seasonality (strong in spring, weak in summer) at the moment. And those issues aren’t abating: Recent headlines paint a picture of an increasingly scary world:

Beijing warns US farmers may lose China market for good

Millennial net wealth collapses, study finds

Global manufacturing shrinks amid Wall Street recession warning

Yield curve expert with perfect record sees recession risk growing

https://www.zerohedge.com/news/2019-06-07/gold-tests-resistanceagain-will-sixth-time-be-charm

at the same time the CEO buys 172,000 shares…..Were they fighting ? ICAHN gave up his seat on the board ! MAYBE FCX heads up with the Predator out of the way ..

Debt has fallen from 20.2 billion to 7.1 bil cash is 2.8 billion..analyist sees 60 % upside.

cash per share 2.03

Maybe we see the fabled 36 thousand Dow.

Let’s hope so. I have a lot of dem marginal min(ers).

Seems to me the bigger stated fear would be deflation probably housing although we know better that everything else will rise.

Do higher gold prices support the desirable (by some) higher inflation narrative … in a time where deflation is feared.

It’ll be the marginal mines that start to appreciate the fastest. Where once was nothing of value now there is something.

Obvious not there now – yet.

SM screaming on rate cut hopes, whatever man….

Kootenay Regains 100% of Promontorio and La Negra

https://ceo.ca/@newswire/kootenay-regains-100-of-promontorio-and-la-negra

Maybe we will be allowed for more fun, in a crack up boom of all prices ????

Impact Silver is still well above 10 cents, but they are losing big money so guess you are right…wait til they are a dime.

Chuckle

If the “diggers” aka the miners are all going bankrupt, then using that logic the only shares worth buying would be shares under $.10 just to limit downside.

I suspect though that like with every other industry and business sector during a downturn, the strong will survive and eat the weak. The strong being those with good balance sheets, management and producing mines that they end up mothballing until prices recover. Probably a strategy that some should be employing now, but I digress.

Until as you say, they stop the extreme management of especially silver. We got nuttin’

P.S.–JNUG just printed a new pre-mkt. high….and my lowly little silver miner, CDE, is up 4%…

https://www.cnbc.com/quotes/?symbol=CDE&qsearchterm=

call a “resilience” rally….across the page…up 4 bucks one day down 2 or 3 the next…

Congrats! 🙂

Novo to Advance Egina Gold Project by Way of US $30 Million Farmin & Joint Venture With Sumitomo Corporation

https://finance.yahoo.com/news/novo-advance-egina-gold-project-115557599.html

It is still early, and a cap does appear to be in place.

As Maddog mentioned we have the 10 yr. falling, and the USD weaker.

Gold seems to be trading more inverse the SM than anything else.

Methinks we need to keep one thing in mind, despite the good rebound in the SM this week, the FED cannot cut rates into a rising SM, or falling unemployment. Hence, the weak numbers today and downward revisions to the last two months numbers which were significant.

No sirs, methinks the 10 yr. is telling us a pretty good SM correction may be at hand. What gold does is up to our very own Buddha to predict. I have no idea.

gold’s been whacked…stocks have been levitated…now we’ll start to see what the true trend for the day is

What’s encouraging is that JNUG is not giving up much of it’s gain…but no need for any false bravado…it looks like gold is pretty much in lockdown