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Climb Every Mountain…
https://railpictures.net/photo/808456/
Buygold @ 20:00 re: crimex
Eventually it’ll be a no-bone situation … and that kind of non-reporting will be how it starts. 
Buygold @ 19:08
I’m with you … gold and silver may start doing what they should have been doing all along. The riggers days are numbered.
That said we don’t really want chaos … that’s no good for anyone … I’d be more optimistic if our political system worked better and our politicians weren’t so greedy.
PS “$1850” Blecchh!
COT Reports
The CFTC hasn’t released a COT report in 4 weeks. They put out a statement that there was a system glitch with a company called ION that somehow has a hand in reporting for the banks.
Whatever, they’re still trading unfortunately.
Ipso from WPM report
~Gold equivalent forecast production for 2023 and the longer-term outlook are based on the following updated commodity price assumptions: $1,850 per ounce gold, $24 per ounce silver, $1,800 per ounce palladium, $1,100 per ounce of platinum and $18.75 per pound cobalt.~
That is their assumption for 2023 prices. They sure are managing expectations…
If that is all we get this year in pm’s we are in the wrong game. Maybe I need to manage my expectations…hope not. This has to be THE year when it all really begins.
“Turn off the nukes” I’m for it!
TWO Air Force vets have testified to Pentagon’s UFO office about seeing mysterious objects TURN OFF ten nuclear warheads and blast test missiles out of the sky at US bases
These Big Drops In Bonds Are Jumps in Interest Rates today.
https://finviz.com/futures_charts.ashx?t=BONDS&p=d1
Plus another little jump today with the dopey/dollar.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d1
Nice healthy drops with the indices today also.
https://finviz.com/futures_charts.ashx?t=INDICES&p=d1
Strange, all the metals are up pretty good except Gold whatever that means.
What does the Nat Gas price say about the world economy?
Oil has been locked in the 70’s for a while but Nat Gas at $2?? I thought this winter was supposed to be hell on supply. Everything OK in Europe now?
That price should be breaking something.
maddog – yep
and I don’t follow GDX much, just the HUI. So, for me 220 is a big marker. Somehow it continues to hold. AEM contributing a little strength, NEM drifting lower into the close.
Rates are up almost 1/2% in the last week, looking to challenge 4% on the 10’s. That’s a pretty quick move that should be due for a pause, along with the USD.
Mr.Copper
Spot on…as long as the Rig can be kept afloat, they can pocket unreal amounts and live a life of clover…..
@Maddog, Re Strange Pricing or Crazy Price Discovery they call it.
We’ve been seeing crazy highs and crazy lows in various situations. I think the whole system is ice skating on thin ice with this old and decrepit, (worn out or ruined because of age or neglect) monopoly money system. Remember Jack Lemon in China Syndrome? He felt a vibration on his desk. It got his attention, and later on there was a meltdown. I think TPTB know what we know, and at this point, they have nothing to lose handing out fake money all over the place.
Buygold
Re the shares….as a sweaty sock (Scot ) wud say…Dinnae worry laddie….GDX hasn’t even done a 50 % correction of the Sep Jan move…that wud be 27.50 and 62 % 26.10…last at 28.02
We shud be more than steady, as we hurtle down the road to WW III
with Peado Joe asleep at the wheel and Obummer, Crazy Klaus and Mad Man Soros screaming instructions at the demented idiot….as always it’s only the rig keeping us on any kind of road…..
This is for all the marbles
We either step it up in the pm’s and shares or we completely fall apart for the millionth time with the SM.
Whatever is going to happen is likely to unfold this week.
Seems GLD has some support between 160-170, but not super strong. Must be around $1840 or so. The shares are already in the frying pan and look like they’re going to break down. Juniors look the worst, I wonder what Rambus is saying about JNUG. He’s got to be scratching his head as to why the break off at 250-265 has broken 220.
Only thing still at play is that we’re oversold with RSI’s either side of 30 or so.
I think the SM is toast. Does that mean we are too?
Mr.Copper
Re Natgas
The best I can think is that everyone panicked into paying the Hi’s and now there are few buyers left….that is the only explanation I can think off…as the collapse in price is never mentioned in the MSM and even worse people are still paying crazy prices for it, as a Utility…..
Of course the other reason the MSM/PTB never mention the fall, is because of renewables…it is now making all renewables look v expensive…something that was never going to happen….
But yes the collapse is something else.
Whats The Story With Nat Gas?? Seems Like Its Going To Go To Free
There was a high in 2005 $14 and now its $2.08?? Usually if something gets too cheap, they cut or stop production. Maybe they can’t if its a byproduct of Oil production?
We’re pretty lucky IMHO
Given the action in the SM, rates and even the dollar and we could be getting hit a lot harder. Maybe we will as the day wears on, but maybe not too.
Some negatives going on in Africa
Uganda to set up state mining firm, take equity in licenses
The Ugandan government has started to set up a national mining company that will aim to take equity stakes of up to 15% of all medium and large scale mining operations in the country, the minister for energy and minerals said on Tuesday.
Ugandan geologists say the country has large deposits of a range of minerals including gold, cobalt, copper, iron ore, rare earths, vermiculite and phosphates. The country is also aiming to start pumping crude oil in 2025 from fields in its west.
The establishment of a state-owned mining firm and commercial state participation in the sector are part of wide-ranging reforms under a new mining law enacted last year.
The new company will be called Uganda National Mining Company (UNMC), minister Ruth Nankabirwa Ssentamu said in a statement.
“State equity participation will be in medium and large-scale mining of up to 15% participatory equity interest at no cost to the government,” she said.
more https://www.mining.com/web/uganda-to-set-up-state-mining-firm-take-equity-in-licenses/
Ipso – it’s time!
We got rid of the first hour now let’s see what happens.
Dollar starting to turn south!