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JP Morgan agrees – Its new QE

(up to TWO TRILLION DOLLARS) https://t.co/XorokL1IU9

— Willem Middelkoop (@wmiddelkoop) March 16, 2023

Adding a few more shares, but I’ll definitely wait until after the jobs # comes out tomorrow morning…..

Talking heads said that for a year. Turns out higher rates are breaking small banks. JPM, GS, BAC can paper over the issues.

This might be an interesting day.

“A derivative blow up would qualify as a financial Nova.”

I don’t think paper money would be worth much then!

Having trouble with $22, probably the 50 dma. Silver has to participate.

Euro folks warning that there could be some contagion in the banking sector in Europe. Says ECB needs to stay on top of things.

Gold Fields and AngloGold Ashanti propose Ghana JV to create Africa’s largest gold mine

https://ceo.ca/@newswire/gold-fields-and-anglogold-ashanti-propose-ghana-jv

Franco-Nevada Reports 2022 Results

https://finance.yahoo.com/news/franco-nevada-reports-2022-results-212000412.html

UPDATE 1-First Quantum resumes operations at Panama mine, Franco-Nevada says

https://finance.yahoo.com/news/1-first-quantum-resumes-operations-213829035.html

Fortuna Reports Results for the Fourth Quarter and Full Year 2022

https://finance.yahoo.com/news/fortuna-reports-results-fourth-quarter-030000884.html

Endeavour Publishes 2022 Annual Report

https://finance.yahoo.com/news/endeavour-publishes-2022-annual-report-070000984.html

Defiance Drills Wide Widths near Surface on the Veta Grande

https://finance.yahoo.com/news/defiance-drills-wide-widths-near-100000445.html

Azimut Comments on Two News Releases from Activist Shareholders

https://finance.yahoo.com/news/azimut-comments-two-news-releases-103000249.html

TNR Gold NSR Royalty Update on McEwen Los Azules Copper, Gold & Silver Project – Rio Tinto’s Nuton and Stellantis now Shareholders of McEwen Copper

https://ceo.ca/@newsfile/tnr-gold-nsr-royalty-update-on-mcewen-los-azules-copper-1e09b

Japan Gold Commences Drilling at the Barrick-Alliance Mizobe Project in Southern Kyushu

https://ceo.ca/@newsfile/japan-gold-commences-drilling-at-the-barrick-alliance

EARLY WARNING REPORT REGARDING THE ACQUISITION OF SHARES OF TRIPLE FLAG PRECIOUS METALS CORP. BY ELLIOTT INVESTMENT MANAGEMENT L.P.

https://ceo.ca/@newswire/early-warning-report-regarding-the-acquisition-of-shares-1136d

Osisko Announces Definitive Agreement With Miyuukaa to Transport Hydroelectric Power to Windfall Project

https://ceo.ca/@globenewswire/osisko-announces-definitive-agreement-with-miyuukaa

Nighthawk Gold Announces 2023 Exploration and Environmental Programs and Files the Technical Report for the 2023 MRE

https://ceo.ca/@businesswire/nighthawk-gold-announces-2023-exploration-and-environmental

TRU Prioritizes Top Gold and Copper Targets for Second Quarter Exploration Program at Golden Rose Project

https://ceo.ca/@newsfile/tru-prioritizes-top-gold-and-copper-targets-for-second

Maple Gold Provides Exploration Update and Prepares for Next Phase of Drilling at Eagle

https://ceo.ca/@newsfile/maple-gold-provides-exploration-update-and-prepares

TDG Gold Corp. Outlines 2023 Field Program at the Mets Mining Lease, Toodoggone

https://ceo.ca/@accesswire/tdg-gold-corp-outlines-2023-field-program-at-the-mets

Mineros Announces Positive Prefeasibility Study Results for its Porvenir Project, Hemco Property, Nicaragua

https://ceo.ca/@newswire/mineros-announces-positive-prefeasibility-study-results

Elevation Gold Intersects 100.58-Meter-Thick Zone with Average Grade of 0.50 g/t Gold in the Reynolds Pit Area West of Active Mining and Provides Update on Greenfields Core Drilling Program

https://ceo.ca/@newswire/elevation-gold-intersects-10058-meter-thick-zone-with

Roscan Announces Granting of Environmental Permit for the Kandiole Gold Project

https://ceo.ca/@newsfile/roscan-announces-granting-of-environmental-permit-for

Centamin PLC Announces Full Year 2022 Results

https://ceo.ca/@accesswire/centamin-plc-announces-full-year-2022-results

Centamin PLC Announces Payments to Government

https://ceo.ca/@accesswire/centamin-plc-announces-payments-to-government-57eff

Building permits beat estimates handily, weekly jobless claims also beat.

The big one is the Philly Fed. Manufacturing report. Came in at -23.6, line that up with the Empire State report and it appears that business has fallen off a cliff.

we are slowly gaining strength. Rates coming back to flat.

Good as it gets for pm’s.

I’m still looking for another big leg up today or tomorrow.

up almost 1% but it’s been beaten down so much it could just be a dead cat.

Copper miners FCX, RIO & BHP are all down after yesterday’s weakness. Palladium is down, getting downside follow-thru from yesterday.

SM futures rolled over, although the Naz futures are up slightly. Europe is higher across the board, a little less than 1%. I suspect Europe will take it’s cue from the US market, and if we have problems they’ll turn south.

The 10’s up 4 bips after a few unbelievably crazy sessions.

We are just biding our time before the explosion in our pm’s.

Looks like we’ve come back to flat after being down all night. The USD is helping, down 1/2% after a big day yesterday.

The usual Thursday eco data is on deck, but jobless claims are generally mute. DOW futures are up 60 pts. but is probably on shaky ground.

Bailout Arrives: Credit Suisse To Borrow $54BN From SNB To “Pre-emptively Strengthen Liquidity”

The Black Bullet is smokin!
https://railpictures.net/photo/809888/

That was a neat illustration of the banking derivatives… solar sized!

Didn’t someone predict our sun is about to go Nova in April?  A derivative blow up would qualify as a financial Nova.

Today was a big disappointment. Gold up nicely and the junior shares down. At least the bigger miners held their own. I’ve had better days with gold down $20!

US, Russian Military Chiefs Hold Emergency Deconfliction Call For 1st Time In Months

Update(1559ET): Defense Secretary Lloyd Austin confirmed in an afternoon press briefing that he spoke with his Russian counterpart Defense Secretary Sergei Shoigu – in the first such phone call since October – about Tuesday’s drone incident over the Black Sea.

https://www.zerohedge.com/geopolitical/both-russia-pentagon-now-racing-retrieve-us-drone-wreckage-black-sea

I’m not talking about dat trading but those accumulating. Since people are looking at is as a common stock instead of of respecting it as dividend stock that’s all I’ll say other than once it hits a certain number it’s gonna leave the ones trading it as a common stock we’ll never mild you’ll find out.

In my view that already happened, thats why everything is so screwed up. I told my friend years ago, many, that eventually they will have to just give people money. Well they gave out plenty even for businesses. They have no choice. They hit the point of no return on that runway. Its Throttle Up Huston. 🙂 Another way to look at it. A crook found a credit card, not reported lost, and its still working, so him and all his friends are having a ball with it. Sooner or later the next purchase will be “Denied.”

I knew by 1975 working in factories, the system was going to collapse in the future because of globalization, foreign competition for our producers, imports killing our jobs, exporting our wealth and wages lagging inflation. I’m glad I lived long enough to see this slow motion train wreak.

I just took a little shot with some Vegas money at ZIM 75 at 24.07

Pretty good trick if you have enough money and blind regulators.

The 10 yr. is coming back too.

Let’s see how the last hour goes, it’s been favorable lately.

I thought we were in for a big day, still expect one either tomorrow or Friday. Hope it’s not down. 🙂

https://www.zerohedge.com/markets/credit-suisse-sparks-global-de-risking-after-top-investor-bails

here are two posts discussing CS……it’s a pile of crap.

‘I worked there, their managers are chosen by a very corrupt and nepotic system, the idiots float to the top so their current state is no surprise to me. They are also super woke and we know where that inevitably leads.

Current wokeness and crazy policies, zero carbon, mandated diverity quotas, etc. will bring the world economy to its knees if folks don’t wake the f**k up, and pretty quickly.’

and

‘I did a lot of work with CS a few decades ago. It was a chaotic place even back then. CS did extremely well ‘privatising’ state companies after the fall of the Soviet Union. Enough said on that, but the individuals involved closing the deals did even better. Literally they had bankers returning from business trips to find a Ferrari parked on their driveway with the ignition keys posted through the letter box. The subsequent take-over of DLJ was also mired in controversy. Rumour is the DLJ board would only approve the final deal if CS greased them personally with an additional $1 billion to be shared between about a dozen DLJ board members. Nice. Within 12-months all the DLJ staff had left and the whole thing was worth zippo.’

I’ll add that DLJ was also a pile of crap, full of crooks…they owned a bullion operation I forget the name,…when it all went tits up….they had a whole load of Portugals Gold on a lease deal from the CB….which they sold, and paid their bonus’ from…Portugal never got the gold back….

pic.twitter.com/xINZvYMjOe

— . (@StockCats_2009) March 15, 2023

I don’t think it will end this way but the SM is definitely dragging us down,

Looks like Credit Suisse is going belly up.

USD is absolutely screaming higher. No doubt foreign demand for USD’s to buy treasuries.

Stunning that the metals aren’t getting crushed. They’ve tried several times but haven’t been able to break them yet.

Is this the least dirty shirt in the world scenario?

Last year the ten year interest was 2%. It got to 4.2% and today 3.4% and Gold is $1,938. The higher rate did noting against gold. If anything, the higher rates only stopped gold from being $2500 today. Gold is up today even with the dollar up today. Energy was the best sector and now even they are crashing.

Mine too! Who can figure this shi* out!

but my portfolio of miners is down .

YEP! That makes sense …