Worth 13 minutes to watch Canada’s corrupt PM get caught at his dirty game….and this is only the very tip of the iceberg of corruption Canada has suffered at the hands of this arrogant asshole….IMO!
@Buygold re $2100 Gold
You’re right, it should be a lot higher. But it was high for a controlled price. I figure the original $140/oz times 20 is $2800 in todays money, for the old manipulated $140/oz. But even $2800 is cheap figuring a small apartment is $2300/mo, and a blown transmission can go past $2800.
Mr. Copper
Yes, I do think the dollar needs to go down some more. Unfortunately it’s the cleanest shirt in a filthy fiat index, so I’m not sure when that happens. Not sure I agree that $2100 was ahead of where it should be. I think without the constant Banksters manipulation it would be much higher than that. I feel like gold should be upwards of $5k.
The shares, measured by the HUI are ridiculously cheap but continue to stay cheap or go lower.
I don’t know. ?
@Buygold re palladium got quite a bit ahead of itself.
Right, so did Gold, near $2100/oz last August 2020, 13 months now in this boring correction. PGMs and copper peaked mid 2021. The dopey/dollar was lower too. Maybe that’s the bottom line? We need a lower dollar again? Some day it might get very abruptly lower if the high national debt laxative kicks in.
https://finviz.com/futures_charts.ashx?t=METALS&p=w1
I was looking at a lot of other sectors before, and so far, under “Software” sub sectors Application Software and Systems Software, looks good but related to Dow SnP boring boom etc
Mr. Copper
That’s a good strategy and seems to have worked well for you.
The one thing I may have learned is that the mining shares should be traded and in my experience haven’t been good long term holds. Maybe that will change in the future but I don’t know.
Just seems to me that palladium got quite a bit ahead of itself.
@Buygold re Lower Palladium and Platinum and South Africa
I agree South Africa is an inferior place to invest. So only use some Vegas money, not bulk money. Usually I start with a small bet, and if it goes up I double the shares, and if I see 5-10% again, ill double the shares again, and if it starts looking bad I sell out all.
The only explanation I can think of re falling PGM prices, is falling car sales? Less PGMs needed for the stupidly expensive unneeded PGM “muffler”. My car mechanic friend shoed me one that was always $400 and now $2700.
Re SBSW they were originally Gold miner, but good thing is they absorbed Stillwater mining PGM in the USA, Montana I think. Lots of wild cards we’re dealing with. Imo this whole global economy is in “transitory” mode LOL.
Maddog @ 11:06
That doesn’t portend well for the winter time! Gonna be some pissed off people in the EU … pissed off and cold.
Europe is now seeing just how mad Climate Change policies are
My electric bill has doubled this year, but that was from a low base price and it does not reflect yet what has been happening recently. Nat Gas wholesale prices have gone from 30 pence/therm to 130 pence/therm and electric prices have gone from 50p /Kwatt hr in 2020 to over 350, up 7 times …..These prices have yet to hit domestic bills and as this article says…it is mostly down to no wind for the Wind Farms….the ‘effing Mellons have ‘effed it all up again.
https://www.zerohedge.com/commodities/europes-soaring-power-prices-ahead-winter-could-spell-disaster
Mr. Copper
Thanks for the tip on IMPUY. Seems like they are highly profitable. The big risk of course is South Africa.
A 12% dividend is worth taking a little risk I think.
Interesting to me that palladium has gone down from $3k to $2k so maybe some of that money will come into platinum, gold and silver.
We’ll see.
Au just rallied $ 20
but the scum are making sure the PM shares do diddly squat…..
Integra Resources Announces US$15 Million Bought Deal Financing
https://finance.yahoo.com/news/integra-resources-announces-us-15-201700863.html
Goliath Drills 32.6 Meters* of Extensive Quartz-Sulphide Mineralization From the Waterfall Showing at Surebet Zone, Golden Triangle B.C.
https://finance.yahoo.com/news/goliath-drills-32-6-meters-060000077.html
Aztec Reports Additional RC Drill Results from Tombstone Project, Arizona; Including 1.73 gpt Gold and 56.2 gpt Silver (2.53 gpt AuEq) over 64.0 m
https://finance.yahoo.com/news/aztec-reports-additional-rc-drill-120000099.html
New Placer Dome Gold Corp. Announces Non-Brokered Private Placement and Provides Corporate Update
https://finance.yahoo.com/news/placer-dome-gold-corp-announces-120000084.html
Drilling is Underway at VR’s Hecla-Kilmer Copper-Gold Breccia Target in Northern Ontario
https://finance.yahoo.com/news/drilling-underway-vr-hecla-kilmer-130000816.html
HighGold Mining Intersects 20 g/t AuEq over 4.3m in 100m Step-out at JT Deposit, Alaska
https://finance.yahoo.com/news/highgold-mining-intersects-20-g-100000637.html
Teuton Resources Options 80% Interest in Harry Property to Optimum Ventures. Terms: Payment of $1.5 Million, 4 Million Shares and $9 Million Work Commitment Over Five Years; Teuton Also Retains 2% NSR.
Redneckokie
Loos like Oil is taking out that big Down Trend Line….that will wrong foot a few Bears.
Buygold
Re Funny
Ain’t that just dandy…..I see PM’s run, while Rates go soft…..that don’t compute…only the Rig can cause that.
First time in a year that Pd is sub-$2K
Desperation ?
California and Newsom
Soon we will see how many people will allow there children to be poisoned by a vaccine ending their lives early by turning them into old peoples problems only to die young if not right away just to do what their told and vote Democratic.
granolistan recall
best of luck to california tomorrow !!!
How do you go bankrupt? Slowly then all at once!
Endgame Begins: Evergrande Hires Bankruptcy Advisors As Furious Investors Protest Imminent Default
silverngold @ 22:48
Makes sense to me!

