Re Silver shorts….I wouldn’t stand down wind of any…cud get very messy.
Maddog
That certain stock I told you about or all except one certain troll. Well read the current news. It got better than expected news plus tripled it’s next quarterly divi. I was gonna add more share soon and check the chart and through woowa what’s that about.
Buygold
I’d wager the silver shorts are having a Pepto Bismol moment!
maddog
the DOW has made a nice comeback, fortunately it’s not hitting us.
Agree on Bitcoin but the damn thing is up $2400. I’d be happy if gold was approaching $2400!
First hit of the morning is underway, hoping it is shallow.
Let’s have your 2 cents
Vote in the Poll Vote in the Poll
Fortuna reports Sunbird infill drilling results at Séguéla, Côte d´Ivoire
https://finance.yahoo.com/news/fortuna-reports-sunbird-infill-drilling-090000305.html
AGNICO EAGLE PROVIDES UPDATE ON SENIOR MANAGEMENT CHANGES AND NOTICE OF RELEASE OF FIRST QUARTER 2023 RESULTS, CONFERENCE CALL AND ANNUAL MEETING
https://finance.yahoo.com/news/agnico-eagle-provides-senior-management-105500059.html
Wesdome Announces Annual Mineral Resource and Reserve Updates for Eagle River and Kiena Mine Complexes
https://finance.yahoo.com/news/wesdome-announces-annual-mineral-updates-110300964.html
Probe Gold Announces $15 Million Bought Deal Private Placement
https://finance.yahoo.com/news/probe-gold-announces-15-million-111900563.html
Eskay Mining Presents New Geophysical Interpretation of its Data and Welcomes Riaz Mirza as Geophysical Advisor in its Quest to Discover Precious Metal-Rich VMS Deposits Across its Consolidated Eskay Project, Golden Triangle, BC
https://finance.yahoo.com/news/eskay-mining-presents-geophysical-interpretation-120000999.html
PPX Mining Provides Update on Technical and Operational Plan
https://ceo.ca/@accesswire/ppx-mining-provides-update-on-technical-and-operational
SilverCrest Reports 2022 Annual Financial Results
https://ceo.ca/@newswire/silvercrest-reports-2022-annual-financial-results
Golden Ridge Resources Intercepts High Grade and Disseminated Mineralization Including 0.5m of 50.5 G/T Au in Hole WIL-22-14 and 37.8m of 0.7 G/T Au in Hole WIL-22-12 from Maiden Drill Program on the Williams Gold Property
https://ceo.ca/@thenewswire/golden-ridge-resources-intercepts-high-grade-and-disseminated
Zacatecas Silver Announces Exploration Plans Targeting Expansion of Esperanza Gold Project
https://ceo.ca/@newswire/zacatecas-silver-announces-exploration-plans-targeting
Independence Gold Commences 4,100 Metre Drill Program at 3Ts Project, BC
https://ceo.ca/@newsfile/independence-gold-commences-4100-metre-drill-program
Nevgold Releases Positive Progress Update Through CEO Letter to Shareholders
https://ceo.ca/@globenewswire/nevgold-releases-positive-progress-update-through-ceo
Canstar Hits Multiple High-Grade Intersections in Kendell Drilling
https://ceo.ca/@thenewswire/canstar-hits-multiple-high-grade-intersections-in-kendell
Almadex Files Technical Report for the Logan Zinc/Silver Project, Yukon Territory, Canada
https://ceo.ca/@globenewswire/almadex-files-technical-report-for-the-logan-zincsilver
New Found Intercepts 49.7 g/t Au Over 29.9m at Iceberg Zone
https://ceo.ca/@businesswire/new-found-intercepts-497-gt-au-over-299m-at-iceberg
TRX Gold Reports Q2 2023 Results Preview
https://ceo.ca/@globenewswire/trx-gold-reports-q2-2023-results-preview
Panic over
President Joe Biden to address banking industry after closures
https://www.upi.com/Top_News/US/2023/03/13/Biden-speak-banking-closure-treasury/3371678704308/
Phew !!!!
Morning Buygold
Just hope for PM’s sake, this is not a classic Asian/Euro panic, where everything gaps big time in the US and then recovers by the end of the day……no way shud Bitcoin have a bid…..but dogs to vomit and the Fed backstopping everything…..will cheer up the woke crowd….
I have an AU Hi of 1899.99 on my screen….funny that…even today etc.
Re HSBC buying london SVB for $ 1 and no doubt an agreement not to look at all those money laundering accounts, based in funny places….!!!!
$1900 falls
gold launching a moonshot, but silver is quietly making the day.
Sorry, can’t shut up with oil down almost $4
Unreal, oil down 5%, not sure what’s breaking where but there’s a lot of outsized moves in different areas of the market. DOW starting to fall in earnest, mentioned oil, the dollar, rates – 10 yr. at 3.5%. That’s a huge move in two days from 4.1%.
Appears the correction in pm’s is over. The Fed’s hand has now been forced, and now we know that the Fed is buckling with more QE.
Nasdaq is up though. That’s a head scratcher.
Didn’t ever think I’d be talking to myself here on the board when the time came for gold to blow up, figured people wouldn’t be able to post fast enough. 🙂
Silver starting to run…up 4.5%
So much to say…
I’m not seeing commodities rallying across the board, just looks like pm’s are strong. Oil down, copper down, etc. Maria Bartiromo led with “investor piling into gold and bonds. Bitcoin too.”
Hopefully we end the day as strong as we’re starting it. There’s a lot of time left in the day, SM futures now moving higher as the era of QT is over, and now we’re right back to QE.
4 banks have blown up so far, another on the way tomorrow.
I’ll shut up now…maybe. 🙂
China brokers deal between Iran & Saudi Arabia
Looks like Iran and the Saudi’s are making nice. That can’t be good for the petrodollar.
QE begins anew
We’re finding now that there are a few more banks that are in the tank as the result of SVB going down. First Republic is one of the banks as well as Signature Bank. Looks like if there is any bank even remotely troubled by SVB’s bankruptcy the Fed is stepping in and taking over those banks. HSBC to acquire SVB’s UK arm for $1.
Goldman now predicting the Fed doesn’t raise interest rates in March.
“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.”
6 am EST – Let the Games Begin
as expected, rates are down hard this am – 13 bips now down to 3.57%, USD still down, now .4%
SM futures giving up the goose, DOW futures down 100 pts. European markets are down pretty hard, don’t think they are coming back today.
PM shares are really strong premarket. Bitcoin is up nearly 10%, not sure what the gig is with Bitcoin. If it wants to move higher with pm’s. so be it.
$1900 in play today?
Silver starting to play along
outperforming gold a little tonight, nice turn from earlier.
This would be quite the turn of events…
“We no longer expect the FOMC to deliver a rate hike at its next meeting on March 22 (vs. our previous expectation of a 25bp hike).”
Gold Train
Ontario Beaver
https://railpictures.net/photo/809688/