Loading ...More attention to the sector couldn’t hurt!
I’m waiting for the cab drivers to give mining tips. 
goldielocks @ 9:47
Aye Captain
I’m with you. I continue to believe that the shares will show us the way.
Mr Copper
Much of our fertilizer the farmers need and planting season coming up is made in Russia. The corn and wheat they grow also feeds the animals. Flour could go up 25% which I stocked up a few “ quite a few bags for bread making, wouldn’t hurt to look at both those stocks either for down the road or if you find what fertilizer stocks trying to pick it up.
I’m going to try to make my own see how that works with Jerry Bakers home made concoction mixing things like ammonia, dish soap, molasses, a can of beer “ for the sugar I guess ” maybe I’ll trade it for oatmeal but that might get hit too and few other things and hope I don’t blow myself up lol
Anyways yeah it’s going start and like family’s aren’t already feeling the sticker shock at the store. 🙁
Goldilocks re the idiots in office
Agreed, but let’s not forget who is really “in office”. Reality and natural market forces putting the idiots constantly on the defense. Including the Fed Reserve idiots. I heard has 400 idiots employed probably all college educated that created all the boom and bust distortions. And financing wars.
Shortages? I Don’t See and Food or Fuel Shortages Around Me
Maybe les selections. Plenty of used cars all over for sale, plenty of houses for sale too. Shortages may be hype or simply cash buyers hoarding of real estate as inflation hedges. The future is always a surprise.
Captain Hook
You know some things I don’t but blind faith the mindset is already there and agree.
Mr Copper
Lol I’m not looking to what could happen that far out but what could happen now lol
After what certain groups did to housing and just the opposite as that person holding mortgages I hope it does crash again and you can buy with a “ small” bag of silver. You can’t trust anything that far out right now with these idiots in office. What ever they do it will be the wrong thing.
I’m guessing but not sure as not as well informed as some gold bugs here that the PMs are gonna move down to the 50:200 ma that most are working on a golden cross. Hopefully not going any or much lower than that. Nevertheless either way I believe they will recover.
Buygold @ 9:47
I just pointed that out to show all this drama doesn’t mean diddly squat.
Chuckle
FYI, Strange, What Next?
Movie theater chain AMC Entertainment has agreed to purchase a major stake in a Nevada gold and silver miner, the companies announced Tuesday, an unusual expansion for the one-time meme stock.
AMC will spend $27.9 million in cash for the deal, receiving roughly 23.4 million shares for the company, Hycroft Mining Holding Corp., and an equal amount of stock warrants. The deal would make AMC the owner of roughly 22% of Hycroft.
goldielocks @ 9:39
They are undoubtedly doing that right now. Comex gold could lose 50k contracts between yesterday and today.
But they will be back. And JPM (US gov’t) will continue to stop the physical market.
They will get caught at some point though, as all children are, and the bill will need to be paid.
I think Russia is the key. If you think prices are rising now, just wait until all the supply shortages work their way through later this year.
Canned goods are still cheap folks.
Stock up on everything.
Cheers
Ipso 9:41
Wow! Looks like the the sector is going to be getting more attention. I’m still waiting till tomorrow to see what the Feds have to say since I’m not day trading any positions less I short something maybe.
Morning Captain
Shares are holding up surprisingly well considering how they looked in premarket.
I don’t think we’ll get anywhere near $1760, but who knows? I think this ends after the Fed meeting tomorrow.
edit: maybe silver will show gold the way home today?
@goldilocks re Multinational Businesses Closing
That makes sense to me, assuming globalization and everything is in reverse. They benefited the most from open border globalization, so should get hurt the most. And all smaller local businesses that had to complete with foreign countries globally and shut down should come back. And regarding the crazy commodity price charts? Let’s not be surprised of a massive deflation taking hold. A reversal of 100 plus years after 1913 Fed creation of inflation. I remember hearing about somebody’s grandfather bought three houses in a row during the depression. Plus he was offering holding mortgages because he had a lot of cash. Maybe as things unfold, it will be the gold and silver considered cash and buy houses with $1000 face value silver coins. I saw that around 1980. Houses $25-$40k and a $1k silver Bag at about $30k.
Interest from outside the sector. Bubblevision did several minutes on this deal.
AMC to Buy Stake in Gold-and-Silver Mining Company Hycroft
https://www.wsj.com/articles/amc-to-buy-stake-in-gold-and-silver-mining-company-hycroft-11647349469
Captain Hook
Yeah I see the games and as long as the interest rates start to climb they should be happy but only temporary. Maybe they’re hoping to dump their short positions.
Even if this attack on Ukraine stops it’s not going to suddenly reverse the gas shortage or agriculture issues or inflation. I’ve been out for awhile so just started trading s little st a time so decided to sell half on Ag and only lost a few bucks cuz they got a ex divi date coming up so think it slowed the selling.
Fortuna announces maiden Inferred Mineral Resource of 350,000 ounces at 3.16 g/t gold at the Sunbird discovery at Séguéla, Côte d’Ivoire
NEVADA KING ANNOUNCES DTC ELIGIBILITY OF ITS COMMON SHARES IN THE UNITED STATES
NORTH PEAK CLOSES $5.75 MILLION PRIVATE PLACEMENT; BOTH CORE AND REVERSE CIRCULATION DRILLING PROGRAMS UNDERWAY AT BLACK HORSE PROPERTY
CMC Announces Upsizing of Non-Brokered Private Placement for Gross Proceeds of up to C$3.1 Million
Probe Metals Intersects 6.0 g/t Au Over 16.0 Metres in Expansion Drilling at Monique, Val-d’Or East Project, Quebec
Endurance Gold Announces DTC Eligibility for its Common Shares and Berlin Open Market Acceptance
Fosterville South Commences Drilling at Lauriston Project While Three Rigs are Currently Operating at Reedy Creek Within the Providence Project
Golden Sky Minerals Corp. Options the Squid East Property in the Matson Creek Placer Camp, Yukon
TV, Jeff and C-10 Deliver High-grade Intercepts for Eskay Mining
Emgold to Sell its East-West Property, QC to O3 Mining Inc.
https://ceo.ca/@accesswire/emgold-to-sell-its-east-west-property-qc-to-o3-mining
Northstar Expands Allied Syenite Gold Zone Drills 4.0 g/t Au over 50.6 Metres (Incl. 7.7 g/t Au over 24 Metres) at Miller Gold Property
https://ceo.ca/@newsfile/northstar-expands-allied-syenite-gold-zone-drills-40
It’s a trap…
Looks like the bankers set another trap for precious metals via algo driven trading of shitty Comex paper.
Don’t fret however, the bull move is not in danger unless gold dips below $1760 electronic print.
This type of irrational volatility on a day the PPI prints a double digit gain is consistent of a temporal transition into an accelerating bull.
That means volatility will increase in both directions.
Hang tight folks.
Hi Buygold
I was going to go short oil yesterday morning but got side tracked with other things. Oh well. It will probably pick up before summer. Yep and Biden will blame the recession on Putin or something.
I’m going back to sleep or try to anyways.
Morning Goldie
Yeah, going to be a tough day unless the Producer Price Index has some impact.
Oil is down 6% so pretty much all the commodities are following its’ lead.
Yield curve is in the process of inverting as 7 yr. now yielding more than the 10 yr.- can’t imagine it will be much longer before the 2’s and 5’s do the same thing – which mean 100% chance of recession, but we here all know it will be worse than a vanilla recession.
Multinational business close again.
China: Businesses shut as officials widen Covid lockdowns
* By Zubaidah Abdul Jalil and Annabelle Liang
* BBC News
15 March 2022, 04:49 GMT
Updated 2 hours ago
Multinational companies have halted some operations as China widens its Covid lockdowns – among its biggest since the start of the pandemic.
Tens of millions of people across the country face restrictions, including the entire Jilin province and technology hub Shenzhen, as authorities report record numbers of cases.
Toyota, Volkswagen and Apple supplier Foxconn are among the firms affected.
The lockdowns have raised concerns that crucial supply chains may be disrupted.
https://www.google.com/amp/s/www.bbc.com/news/world-asia-china-60703301.amp
Did anyone hear about here we go again. China’s worst outbreak since 2020. I don’t think people here are gonna be to happy if they pull a lockdown again.
China orders 51 million into lockdown as COVID surges
HONG KONG — China is facing its worst COVID crisis since early 2020, when the world first witnessed an entire population locked down to contain the coronavirus in Wuhan and its surrounding province.
