How is President Trump doing? With a one being worst and a ten the best.
Total Voters: 36
Loading ...Who would’ve thought? The old dog is barking on light volume.
My worst performer should be one of the safest bets – WPM. I guess ya can’t win em’ all.
The shares should have some room to bounce, silver too. Gold – maybe not so much.
Here’s your COT’s – Looks like the funds are getting a little nervous, but it’s still heavily skewed for the banksters.
HUI looking good. Let the healing begin! 🙂
I see WBLMF at $.67 x.67.5 now. Maybe I’m thinking of another stock.
I’d love to see the HUI get beack to 235 to close the week.
Looks like we have a fair shot at holding our gains.
RGLD and WPM won’t scream to the upside either but hopefully if this correction gets deeper they won’t hurt me too much. I’ve got minimal gains so far. I’d like to see WPM react a little better to the silver price today….
SM looks a little nervous going into the weekend – maybe it just has to do with the round number of 29K
From 1945 to 1975 only one spouse working, the unemployment rate was 50% and we had a very high living standard. The living standards are half what they used to be, so the adjusted rate to reflect that means we have a “real” unemployment of 50%.
WLBMF Ameritrade has bid ask quotes currently .66 and .68. Nothing at all wrong with WPM and RGLD you bought. Certainly a lot safer than the midgets.
All in all I’m with you. I think we’re looking very good in the metals right now.
Yes, when this thing blows…it will blow big.
New highs coming for the metals which should eventually send the shares higher.
They might suffer initially if stocks get hurt bad of course.
Cheers
I don’t have a good feel for Wallbridge, whether technical or fundamental and when I’ve put in bids with TD, I don’t get a bid/ask so I’m guessing.
I’ve mentioned what I’ve bought on the pullback, some large caps – RGLD and WPM – trying not to take the huge % hits if I’m wrong and so far it’s worked out.
We’re doing OK today if things hold up. Glad to see silver above $18, and gold continuing to hold $1550. I would’ve expected gold to be approaching $1500 already.
Iran to analyze black box after missile blamed for crash
Skeena has been doing great. Up 13% yesterday … but today giving back a big chunk. Ouch 🙂
I’m still looking to pick up some more Wallbridge at some point. Sitting about flat with what I picked up before. Oops it’s up even more now …
Announcing more sanctions both on Iran, countries and Iranian individuals.
That appears to be giving gold and silver a lift right now.
Sanctions are better than war.
Thanks for checking in!
Thought I would hit the gym, which I will do, but stepping into the garage in 13 degree weather woke me up a little too quick. 🙂
Captain – gotcha on Wallbridge, it’s been dead in the water for a week or so and correcting. The new high flyer is Ipo’s Skeena, although it’s down today, it’s been on a tear. I’m bummed to hear we have to correct for 4-8 weeks, especially in the shares. Gold is pretty overbought so that makes some sense, but the shares got hit fast and hard. Would’ve liked to see the HUI hold above 235. Silver back above $18 today is encouraging, good to hear you think the scum will fail, but the silver shares aren’t reacting as strongly as they should be IMHO.
Regardless, I still think we’re looking at a great year, war will only add fuel to the fire and I hope it doesn’t happen.
Back on the flipside.
Re: Walbridge – Unless Uncle Eric is losing his marbles he must know something behind the scenes nobody else does. Thusly, he might be losing his marbles for pumping WM up like that because if you look at the results they dont have the gold to justify the current price.
Gold and silver just put in 5 wave bullish impulses but need to correct now for 4 to 8 weeks before resuming up trends. The thing to realize now is the COT situation will become less important moving forward. As Jeffrey Christain recent pointed out, investment demand for silver is down 95% from 2011 levels. So every 5% recovery of previous levels means a doubling of demand.
I don’t see how the bankers survive this one no matter how much paper they throw at it.
Captain out.
Lundin’s Fruta del Norte produced 28,678 oz gold in 2019
Lundin Gold (TSX: LUG) reported Thursday afternoon that ramp-up to commercial production is on schedule and on budget at its Fruta del Norte gold project in southeast Ecuador, the country’s largest. A total of 28,678 ounces of gold were produced by the end of 2019.
Of the total production at Fruta del Norte which kicked off production in November 2019, 3,411 ounces of gold were produced in the form of doré and 25,267 ounces were produced as concentrate. Approximately 3,400 tonnes of concentrate were produced, of which 2,676 tonnes were shipped to a smelter in Finland by year-end.
maybe we don’t need the SM to go down to have a decent bounce.
Shares are looking better, nothing crazy but HUI back above 230 – beats the alternative.
I’m sure we’ll face a few attacks in the next few hours in both the shares and metals because we always do.
This is my 5th straight post while all you Oasis Dwellers are snoozin’ so I’m going to go hit the gym. We are 13 degrees with snow here in lovely Idaho. Geesh…
if our pm’s are going to have a chance to move higher we’re going to need a weak SM
Pretty amazing the DOW is set to bust 29K
We were up $5, now down $3 – so could be a normal jobs report day after all.
Estimate 160K jobs, actual 145K
Unemployment rate same at 3.5%
Nothing crazy for pm’s but up a bit – after a couple of brutal days – I’ll take it.
Are we ready for the correction to start to die out?
I know I’m ready for it to end but that doesn’t mean shite!
I’m still laughing. Just sent that along to a couple of friends…
That’s another unequal thing for the private verses the public sector.
Public sector has practically factored in inflation getting so much more in retirement vs SS provided their home prices fixed or paid.
If private sector companies effectively get they’re debt erased by rising inflation with profits they don’t pass those profits down to the producers of their profits say monthly bonuses based on rising profits of real assets. Instead the CEO and admin gets the profits like you mentioned the inequality between them and the producers.
That already goes on now.
Best thing besides PMs and lots of flour and a bread maker , amongst a few other things is strategic market plays including Foreign currency. Less your young enough to sell tangible goods on pay day.
I can’t see that happening here as long as we’re the reserve currency as far as the dollar but will get inflation anyways with mass immigration and already are in high immigration states.
Hi Rich the “poster locator” on right side has your address wrong.
Richard640………..Perioa Illinois
A GUY WALKS INTO A BAR…
…and asks the bartender, “isn’t that trump and cruz sitting over there?” the bartender says, “yep, that’s them.”
the guy walks over and says, “wow! this is really an honor for the neighborhood. what are you guys doing here?”
“we’re planning world war III.” says cruz.
“really?” says the guy, “what’s going to happen?”
trump says, “well, first, re’re going to kill 140 million muslims and one blonde with big tits.”
“what!” says the guy, “why are you going to kill a blonde with big tits?”
trump turns to cruz and says, “see, i told you, nobody gives a crap about the 140 million muslims.”
