Loading ...Some miners year to date still in the money,
SMPR+58%, HYMC+129%, KRRGF 49%, MNDJF+44% AUY+ 25%, BVN+ 25%, SSRM+ 24% RGLD+ 23%, plus others.
Ten year Bond today 2.98% with Gold at $1866. The rate was this high 3% back in 2018, and Gold was $1200. So far the higher rate is looking impotent relative to spot Gold.
“Recession is here”
Yeah I think so too … eventually to morph into a depression.
At leas the PM shares have come back quite a bit so far. Fingers crossed.
I prefer not to use stops. Don’t want to lose my positions in front of a big run up. Notwithstanding what’s been happening, our set up going forward couldn’t be better.
Cheers
As they were crashing for a few years, PMs started climbing and I assume we helped the index numbers climb and the regular stocks started following us up. The Idiot Dollar was peaking up on 120. Thats when I KNEW they had to drop the dollar from 120, and I stopped working and started buying PMs. It was a great 12-14 years after that.
We may be having a similar situation. The Stock market was a stale old bubble starting to roll over before 2016 and Trump kept it going a few more years, of found money for them. Well the Indices might finally be starting a multi year correction for being over priced, and the PMs may be ready to start a new strong uptrend for being under priced too long relative to spot gold.
This chart shows the dot com SnP crash in 2000, and again the financial crisis in 2007 to 2008. And the following an obvious SnP Rhyno Horn formation. We all know how they play out.
If Russia backing the Ruble with gold doesn’t end up helping the gold price, I’m not sure what it will take other than the Crimex closing.
We have some work to do to get back to flat on the day, not sure we’ll make it. I thought gold might snap back a little faster than it has.
10 yr about to eclipse 3% – no help. USD up again too.
and then we have the economy slowing and housing slowing with it. Recession is here.
Probably more times than we counted. That’s why it’s better to just set a stop and stop out.
Not so much the price getting back in but price of not getting out and then your either a hostage or your gonna lose even more. And your mind with it lol hopefully it’s close to the next WCS.
Trafigura Group and Zimbabwe’s government have discussed a deal that would give the commodities trader control over output from some of the nation’s biggest mines as repayment for debts, documents seen by Bloomberg show.
Under the agreement, Trafigura will be paid $225.6 million by nickel- and gold-mining subsidiaries of state-run Kuvimba Mining House Ltd. for fuel bills Zimbabwe owes Trafigura on contracts dating back to 2016, the documents show. Zimbabwe’s government was represented by the Finance Ministry in the agreement.
Trafigura seeks control of Zimbabwe’s metals for unpaid debts
Canada’s Sandstorm Gold (NYSE, TSX: SAND) is growing in scale and size with the acquisitions of one royalty company and an extensive package from another for a combined total of $1.1 billion.
The company said on Monday it had agreed to buy Nomad Royalty in an all-share transaction valued at $590 million (C$755m) and agreed to acquire nine royalties and one stream from BaseCore Metals for $525 million in cash and stock.
California Expands Medi-Cal To Adults 50 And Older, Regardless Of Immigration Status
I’m looking forward to the last intervention in the gold and silver market. Crimex will default at some point and though some think this will be a non event I think it is the end of their power over us. Russia and perhaps China using gold to back their currencies will be a factor as well.
“I’m calling the bottom right here, but might be good for just a bounce.”
Sounds good to me! My bruises have bruises!
Yes, distrust of the institution of gov’t. in general.
We’ve seen these kind of moves for 2 decades now. Simply amazing that we can go from bull to bear inside a week and see the HUI drop 60 pts – 20%
I’m calling the bottom right here, but might be good for just a bounce.
How many years have we watched the PPT-PTB pummel gold and silver? How much money have we lost to this underhanded paper game? As a result I think few of us had much trust in government … so when the “vaccines” came out we were already skeptics of government policy and as a result few here lined up to take the jab. Much of our trust in government was gone and it turns out that that is a fortunate thing!
Obviously The Rig isn’t the only reason to distrust the gov but for gold and silver investors especially it is a big factor.
New Gold Reports 2022 First Quarter Results
https://finance.yahoo.com/news/gold-reports-2022-first-quarter-103000803.html
AGNICO EAGLE ANNOUNCES ACCEPTANCE BY TSX OF NORMAL COURSE ISSUER BID
https://finance.yahoo.com/news/agnico-eagle-announces-acceptance-tsx-123000257.html
OCEANAGOLD REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS
https://finance.yahoo.com/news/oceanagold-reports-first-quarter-2022-200000285.html
Benz Mining Reports Multiple Spodumene Pegmatites Intersected in Maiden Drill Program at Ruby Hill West
https://finance.yahoo.com/news/benz-mining-reports-multiple-spodumene-131900599.html
Blackrock Announces Tonopah West Maiden Stope Optimized Resource Estimate; 2.9 Million Tonnes Grading 446 g/t AgEq for 42.6 Million Ounces AgEq
https://finance.yahoo.com/news/blackrock-announces-tonopah-west-maiden-100000983.html
Canadian North Resources Inc. Announces Financial Results for the Year Ended December 31, 2021
https://finance.yahoo.com/news/canadian-north-resources-inc-announces-110000988.html
Endurance Doubles The Size of The Reliance Gold Property, B.C.
https://finance.yahoo.com/news/endurance-doubles-size-reliance-gold-111500678.html
Mayfair Gold Reports 1.31 g/t Gold over 78.3m within 134.2m at 0.93 g/t Gold from Fenn-Gib Expansion Drill Program
https://finance.yahoo.com/news/mayfair-gold-reports-1-31-120000292.html
Gatling Announces ISS and Glass Lewis Recommend Voting FOR the Proposed Plan of Arrangement with MAG Silver Corp.
https://finance.yahoo.com/news/gatling-announces-iss-glass-lewis-123000494.html
ASTRA DRILLS MULTIPLE GOLD INTERCEPTS INCLUDING 14.48 G/T GOLD OVER 3 METRES IN MAIDEN DRILL RESULTS AT PAMPA PACIENCIA PROJECT, CHILE
https://ceo.ca/@newswire/astra-drills-multiple-gold-intercepts-including-1448
West African Gold Explorer & Developer, Sarama Resources, Lists on ASX, Raises A$8M
https://ceo.ca/@accesswire/west-african-gold-explorer-developer-sarama-resources
White Metal Intersects 267 Metres averaging 0.71 g/t Au at the Bench Zone, Tower Mountain Gold Project, Ontario
https://ceo.ca/@newsfile/white-metal-intersects-267-metres-averaging-071-gt
the mother of all turnarounds today. Not likely to happen but that’s how this will end – with a spike down and intraday rebound.
They’ve turned all the bullish charts bearish, so one more time the breakouts have failed.
The baby pushing the other baby through the doggy door is what you call sibling team work.
Santa Fe shorty
https://railpictures.net/photo/788062/
Relating 
Fruitful 
Awe 
Loneliness 
Tradition 
Tenacity 
Honor 
Accomplishment 
Perseverance 
Companionship 
Beauty
Caring 
Adventure 
Contentment 
Curiosity 
Heroism 
Aspirations 
Confusion 
Determination
Hope
Contemplation 
Love 
Excitement 
Security 
I remember the 83/1 which were about there now. Converters are mostly Platinum and Palladium. But with the gov trying to push us into a recession and maybe depression new cars will be too expensive of a gamble and thus goes everything in it that’s made for them.
Tech uses gold and silver more in computers but we have supply issues and they’ve been over played due to Covid.
The market with the Fed interest rates and gov unqualified people running things is pulling everything down with it right now except the dollar.
Listening to Richard’s ??? in between multi tasking on that video below gave a interesting bit of info. That they want to discourage buying gold which he thinks is a good idea to buy, because it’s helping Putin’s Ruble. When gold goes up so does the ruble. I know he’s the messenger but I’m thinking they always have to have a excuse to depress gold over the fiat don’t they. He goes on to say the problem for the dollar is they have caused lack of confidence in it because of freezing accounts and sanctions over using it as a weapon. He goes on to say why no other currency would be sufficient either so there will be a move into G/S. He moved up the price to 15,000 to 40,000. He explained the reason being is that as it moves higher the percentage is smaller ie a 1000 move from 1500 to 2500 or 2-3 K is a big percentage where 7-8k is much less percentage wise.
So once it gets going 1000 moves won’t be as big of a deal like now.
Orrrr it’s just another carrot on a stick lol It does make sense but what will be the significance to the currencies at that point?
Does anyone remember the ratio being at 83/1? I think maybe the industrial side of silver may be telling us a drop in demand may be coming.
SBSW keeps falling with metal stable and paying a good dividend. Perhaps the slowdown in the auto industry (converters) may be a big factor.
The stock market casino appears to be a bit wobbly. Some commodities are having huge daily ranges. 30 year bonds have little to no demand.
Putin has really stepped in a pile and seemingly has no way out. The sanctions are really tightening the screws in Russia. He will have popular support until public lifestyles fall into unacceptable levels. I don’t think he has enough Vodka to appease the populace. I really don’t have much faith in the leadership of every country involved in the Ukraine struggle. Somebody is going to do something stupid.
This doctor is very thorough in explains the symptoms of Hepatitis.
Parents should be aware of these symptoms so they can seek proper medical help SAP so pass it on. No matter their skin tone look for jaundice in the eyes
They haven’t found
a cause but have popped up globally all at once and not limited to a certain area.
I’d like to know if the vaccines can be crossed from adults to child as polio did to non vaccinated , due to the fact that Ferrets died of liver inflammation after being vaccinated and then exposed to Covid. Also if there is any food similarity’s.