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The Old Milwaukee Road
https://railpictures.net/photo/790657/
@Buygold 10:42 re your USD won’t die, but its terminal and dying slowly
The Dollar back in 2000 was worth $250 per ounce of gold, today gradually the sick and dying Federal Reserve Note needs over $1800 of them to exchange per ounce of Gold. The original US Dollar was turned into a Fed Res Note was simply over produced, its old and worn out and loses value over time and everybody KNOWS that.
So over time people with money simply converted it to Stocks Bonds and Real Estate as a replacement for “money” but those things are not ideal money replacements. They are like uninsured “bank accounts”. And if the people start “withdrawing” their funds, cashing out in panic mode, the Dumb/Ass Fed Notes will GAIN value. Against Stocks Bonds and Real Estate.
The future is always a surprise. And widely held opinions, are generally wrong. So all this talk about massive inflation, can very easily turn into a massive deflation in Stocks Bonds and Real Estate. Then the masses will see gold and silver climbing and panic into those options. In my lifetime, I saw $1000 bags of junk silver coins buy a house. The Bags were $25000 and houses were $25,000. Some were $40,000. The Bags peaked at $37,000. $740,000 in todays Feeble Reserve Notes.
Maddog
Concur. The scum will have some heavy lifting to bring this pig back today, let alone Monday.
Bonds and stocks selling off together.
Buygold
The giveaway, is the way Gold cannot hold any bounce…..yet ytsdy was powering higher, with plenty of buyers, but today it looks as if there are none…..
I guess this is all in front of Demented visiting the Saudi’s, no doubt their will be a full blown war set off by the time the idiot, gets done.
Typical scum attack
Ystdy saw good break outs from simple consolidation patterns, in Metals and stox…Classic TA calls for an equal move higher….
Today the scum, as always are doing their damnedest to make those break outs are false ones, just like they have done for over 20 yrs now…..no normal mkt behaves like that.
USD won’t die
so, we can’t seem to hold any bids.
I guess there’s always Monday, but the scum is hell bent on taking all of yesterdays’ gains.
Picked up some WPM
on this little dip. Looks like the metals may come back. We’ll see.
NEM just popped positive, let’s see if it can hold it. USD also coming back in.
USD of the highs and inching lower
We’ll have to see what rates do during the course of the day.
QQQ’s getting smacked.
edit: Just noticed NEM is holding up better than most in the premarket. Is NEM the tell?
Eric Sprott Announces Holdings in Freegold Ventures Limited
https://finance.yahoo.com/news/eric-sprott-announces-holdings-freegold-110000557.html
Zacatecas Silver Commences Work Preparing Current Resource Estimate at Esperanza Gold Project
https://ceo.ca/@newswire/zacatecas-silver-commences-work-preparing-current-resource
Southmore Copper-Gold Project in BC’s Golden Triangle Emerging as Second Porphyry Target
https://ceo.ca/@newsfile/southmore-copper-gold-project-in-bcs-golden-triangle
Metallica Metals Outlines 17 Exploration Targets from MobileMT Survey at Richview Pine Ni-Cu-PGM Project, Marathon, Ontario
https://ceo.ca/@newsfile/metallica-metals-outlines-17-exploration-targets-from
Blue Star Gold Announces $6M Non-Brokered Private Placement
https://ceo.ca/@newsfile/blue-star-gold-announces-6m-non-brokered-private-placement
Morning Maddog
Yeah, it’s scum Friday. Silver hanging in there though. So is oil.
The pm shares are holding up pretty well in the premarket.
Bitcoin taking a hit
The Winklevoss twins said that we will have a “Crypto Winter” – assuming he means cryptos will crash, and some of the Luna type crypto’s will disappear.
scum making sure day 2 stinks for PM’s……
dollar getting big push, as well….SM not so keen yet.
Overton
Thanks for the update on FTCO. Sounds good to me.
390K jobs
No miss. So we are now subject to the usual jobs report beating. Hasn’t shown up just yet, but it will.
Rates up, USD up.
edit: Yup, giving us the usual smackdown on jobs day. The only question is whether we’ll give up all of yesterday’s nice gains.
I think so too – we’ll probably need a big miss
If the number is shocking low, say, about four standard deviations away from the mean (giving us a print below 150k), we may get a big rally in rates, for the markets would start worrying about whether the economy can hold its poise amid the Fed’s hiking cycle
Morning overton
Appreciate the intel on GROY., It’s one of those that I’ve got in my retirement account. I’ll leave it alone until we get the long-awaited move to $10K.