Loading ...Inflation ? Not in the price of GOLD ? Where ? Its a sad day when the FED cant raise inflation …!
The only way to do that is to raise the GOLD PRICE or do a devaluation of the DOLLAR !
Devalue the DOLLAR and do it NOW !,before its too late !
Good Morning Maddog, Keep Me Smiling, Thanks. :)
In a sense the people that CREATED the buying and selling physical stuff thru ETFs or COMEX are the real scum. TPTB. People that don’t have any physical stuff to sell, should not be involved in the supply demand equation. They are simply “voting” the price up or down.
For example, try to imagine the Real Estate market on the COMEX. Or on the futures markets. Long ago the Uranium market was natural. As prices climbed, TPTB added Uranium to futures betting. I posted long ago….”Watch Uranium prices fall now” and they did.
So the actual physical PRODUCERS and actual physical CONSUMERS, of anything, with a slow steady stable stogy rate of production and consumption, are FORCED to hedge on the futures market to protect their needed supply and or demand PRICE to stay in business.
However, when prices get too high thru “betting on contract prices”, over production follows, and supply unfortunately or fortunately depending on the case, gets too big and prices collapse. Exactly opposite if prices get too low. You have to cut production.
Wouldn’t you love to be able to short that $5 million dollar house in a $500k neighborhood? Or go LONG on $100k house prices in a minority neighborhood? With 90% margin, 10% down.
The whole system is a game. Game of chance.
Palladium
Palladium is flashing a good reversal up if it holds to the close. Look for possible rally int o close for other metals.
rno
NAK
I just got filled on my order at $1.01. Maybe the worst is behind us. Metals tank but the shares I’m following are holding up relatively well.
rno
Pathetic
the scum have managed to get the Algo’s trading Gold, tick for tick with the SM….we are in an inverted world here.
ZH readers:
You’re being generous. If the left is already in the street when it goes down, I give it about 48 hours. LOT’S of people are just ITCHING for the call. Time to END this. Of the 80+ % of lawful Americans sitting this out, waiting, there is a LARGE section that are armed, waiting for the ‘OK’ to take our republic back. All we need is the word…. ‘Open Season’ on marxists.
yep, 75% of the 80% are armed and fed up
This is true when you evaluate the fact that ammo, guns, plate carriers, plates, IFAK kits, mag pouches, and survival gear are sold out or backordered for 12-14 weeks. Patriots are preparing to take the country back.
I get the feeling there are a lot of Americans looking at their watches, waiting for the bell to signal “open season”
A Chip Off the Old Block
Hunter Biden Raised ‘Counterintelligence And Extortion’ Concerns, May Have Participated In Sex Trafficking: Senate Report
A long-awaited Senate report on Hunter Biden’s financial dealings with Ukrainian, Chinese and Russian businesses created potential “criminal financial, counterintelligence and extortion concerns,” and alarmed US officials who perceived an ethical conflict of interest and flagged potential crimes ranging from sex trafficking to bribery
goldielocks @ 6:04…. Very interesting!
It definitely fits what is happening in Australia and New Zealand. America, don’t give up your guns!! You’re about to need them. Now we know why all those FEMA camps were built and are now opening. Lock and load people!!
Yep
Axios-Ipsos poll: Vaccine resistance grows
Good Morning Buygold Yes let’s hope for a turn around!
Sirios intersects 10.3 g/t Au over 2.9 m on the Aquilon gold property, Eeyou Istchee James Bay, Quebec, Canada
https://finance.yahoo.com/news/sirios-intersects-10-3-g-141100001.html
Mawson Announces Filing of NI 43-101 Technical Report and Year-End Documents
https://finance.yahoo.com/news/mawson-announces-filing-ni-43-004500175.html
Troilus Launches New 20,000 Metre Drill Program Following Release of Positive Preliminary Economic Assessment
https://finance.yahoo.com/news/troilus-launches-20-000-metre-110000489.html
Aztec Expands Tombstone Property Footprint
https://finance.yahoo.com/news/aztec-expands-tombstone-property-footprint-120000204.html
Excellon Commences Trading On The NYSE
https://finance.yahoo.com/news/iiroc-trading-resumption-rwr-h-203300773.html
Rough day ahead
although the USD isn’t up that much, and the SM is up.
Hopefully we get some kind of reversal.
Belgian Doctors destroy Lockdown case
and say where is the problem when we have a number of cures/treatments such as HCQ
Covid Gate, The Political Virus Prof Michel Chossudovsky. Not a polished speaker but he does a good job of exposing the lies of Covid-19 scamdemic
The world better wake up NOW before the lies become the “truth” and we have all lost all our rights and freedoms!
Ecuador not a great place to be a miner. IMO
Communities to decide Ecuador mining projects’ fate
Ecuador’s highest court has ruled that communities have the right to hold referendums on whether or not proposed large and medium-scale mines can move forward, but said the public can only vote on mining rights not yet granted and not on licensed projects.
The constitutional court’s decision follows a petition by the government of Cuenca, a city in the country’s highlands, to propose questions to a referendum seeking to ban mining near water sources.
It represents a victory for Cuenca, in the southern province of Azuay, which hosts several projects, including SolGold’s (LON, TSX:SOLG) Sharug project and Canada’s INV Metals’ (TSX-V: INV) Loma Larga gold-silver-copper project.
“It has been a dream for Cuencans for so many years to be allowed, through popular consultation, to determine the future protection of our water sources,” Cuenca Mayor Pedro Palacios told local media.
Participation in the referendum on mining will be mandatory, Palacios added.
ororeef, 13:30
why hold dollars?
because i LIKE holding dollars!
Surfers are HAPPY people
They live off (ON) the WATER ,They pay nobody and will never pay back what they borrow as a group.
Why HOLD DOLLARS
Its pays NO interest,it burns fast,it depreciates without Fail..it just a BARBAROUS RELIC…
FYI, Small Cap Stocks (not pms’) May Be Ready For A Much Needed Correction,
The Small Cap Bear ETF finally made an upside move above the 50 day moving average line.
“are we there yet, daddy, are we there yet??”
…said every seven year old who ever took a roadtrip.
deer79 – Great point
Forgot about the Fed Speak with Powell and Mnunchin in front of Congress today.
Nothing much has changed, same games just at higher levels except for a lot of the pm shares. HUI should be pushing 5-600 by now.
Buygold
Agree with all of your points.
It’s also 3X Fedspeak week. We’ve seen this show before. Shake the tree with unbacked paper contracts, create volatility to scare the weak longs, rinse and repeat. Nothing has changed.
Morning treefrog
looks like it’s all about the USD silver and the stock market today.
However the wind blows on those three will determine where we land at the end.
Funny thing to me is that rates haven’t really dropped much.