War in Mexico? https://t.co/ugbFwAz4bh
— Willem Middelkoop (@wmiddelkoop) March 7, 2023
Lindsey Graham is such a POS. Let’s get caught up in another quagmire!
Southern Poverty LAW Center
is a radical Communist breeding center and they have been at the heart of riots and radical agendas like Antifa .They should be charged with insurrection and anti American activities .They protect rioters ,looters and should be thrown out of the American Bar for enciting riots
Chinese cities in bad shape debt-wise
Protests Break Out As Chinese Cities Drown Under $10 Trillion In Debt, Fail To Make Payments
About a third of China’s major cities are struggling to pay just the interest on debt they owe, according to a survey by Rhodium Group, a New York-based research firm. In one extreme case, in Lanzhou, the capital city of Gansu province, interest payments were the equivalent of 74% of fiscal revenue in 2021. This is rapidly approaching the infamous “Minsky Moment” now that debt has moved beyond “mere” Ponzi financing levels.
International Tower Hill Mines Files 2022 Year End Financial Results
https://finance.yahoo.com/news/international-tower-hill-mines-files-130500063.html
GoGold Releases Additional Strong Drilling Results at Los Ricos South
https://finance.yahoo.com/news/gogold-releases-additional-strong-drilling-113000914.html
Wallbridge Commences Drill Program Testing New, Property-wide Exploration Targets at Fenelon
https://finance.yahoo.com/news/wallbridge-commences-drill-program-testing-113000952.html
Mako Mining Announces Completion of Share Consolidation
https://finance.yahoo.com/news/mako-mining-announces-completion-share-123500623.html
Guanajuato Silver Welcomes US-Based Institutional Fund as New Shareholder
https://finance.yahoo.com/news/guanajuato-silver-welcomes-us-based-131500062.html
Gold Bull Provides Update on 2023 Work Programs at Sandman Including Optimized PEA and Exploration Testing for Sleeper Style Targets
https://ceo.ca/@globenewswire/gold-bull-provides-update-on-2023-work-programs-at
Mistango Defines 1 Kilometre Strike with Near Surface Gold Intersections at its Goldie Project
https://ceo.ca/@newsfile/mistango-defines-1-kilometre-strike-with-near-surface
ESGold Corp. Acquires 25 Mining Claims Totalling 2,360 Hectares Significantly Increasing the Size of its Montauban Property
https://ceo.ca/@thenewswire/esgold-corp-acquires-25-mining-claims-totalling-2360
SILVER MOUNTAIN REPORTS FINAL DRILL HOLES OF 2022 DRILL CAMPAIGN AT THE RELIQUIAS MINE
https://ceo.ca/@newswire/silver-mountain-reports-final-drill-holes-of-2022-drill
Greatland Gold ready for another busy period after “huge six months”
https://ceo.ca/@thenewswire/greatland-gold-ready-for-another-busy-period-after
Voyager Metals Announces Business Combination with Cerrado Gold
https://ceo.ca/@accesswire/voyager-metals-announces-business-combination-with
Rates are easing here and look to continue easier….
so much for a 50 pips raise…..I suspect Powell talked rates higher, because he knew the No’s do not support that, so he needed prices like Oil and PM’s lower before they run again…..
ADP Report came in hotter than expected
243K Jobs vs. estimates of 203K
For some reason we’re not getting hit on that news, probably because rates are flat?
ADP doesn’t always correlate with the Gov’t Employment Report so we’ll see.
Dollar flat. Commodity shares up a little, oil, copper, etc. PM shares are iffy.
It’s sunny out with a downside bias..
A Guy Named Larry Macdonald on FOX w/Maria Bartiromo
Predicting a market crash in the next 60 days of 10, 20, 30%.
SAID HE LIKES GOLD MINERS GOING FORWARD!!
He’s definitely sees the same things we are seeing, and he has a lot of history to back his thesis – so do we. I wonder if he’s also aware of the numerous head fakes, and that pm shares have crashed with the SM every time since 2002. 2001 was the exception.
Bold call for National Television. Hope he hits the jackpot.
Solar Energy Production Could Require Most Of The Global Silver Reserves By 2050
But don’t u worry Powell has everything under control…..so dump all that silver u so stupidly bought and buy ……..errrrrr?????
4:30 am EST
All quiet on the pm front. Dollar, gold, silver all flat. We’ll probably be lucky to close flat though.
I believe we get the ADP Report numbers this am and the Beige Book at 2 pm, I suppose if the numbers are weak we could get a bounce, but it’s all about the Friday Jobs Report and then the upcoming Fed meeting two weeks from today.
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Natural News releases lab test results of Tractor Supply “Producer’s Pride” chicken feed (and five other chicken feed products)
Following widely circulated anecdotal reports of people claiming that Tractor Supply’s “Producer’s Pride” brand of chicken feed was causing their chickens to stop laying eggs, we purchased six chicken feed products (of various brands) from Tractor Supply for the purpose of conducting comprehensive lab testing.
maddog
We’re a lot closer to the lows than the highs. If 210 goes, 170-180 is in play in the HUI. GDX has come all the way back to fill the gap it made back in the 2nd week of November. If it breaks here, $22 is in play. I don’t know where the C-Wave takes us but it’s bleak from what I can see.
The dollar (UUP) is breaking up and out above its 200 dma with a lot of air left above.
The SM is now pricing in a .50 bps hike in November, that changed today from .25% for the first time. The headwinds turned into a hurricane for us since Powell opened his yap today. I don’t think they’ll do .50 because they’ve been telegraphing .25 for a couple of months but the damage is done. We may have to wait another few weeks for thing to settle down.
Watch, the SM will come screaming back tomorrow but pm’s will do nothing at best.
buygold
The lows were in Sep and we are still a long way above them, in the shares….nearly 20 % and this is a 2nd wave, which can retrace nearly all the move…..we are now in the C wave down….of that 2nd wave.
Perth Mint has a Gold ETF….PMGold……stop laughing at the back !!!
How long before we find out how much real metal is behind that ETF….more to the point who would trust it to have ANY gold backing……
https://www.perthmint.com/news/investor/investor-knowledge/liquid-etf-but-still-solid-gold/
the Fed & Powell
Powell does have to sound hawkish as he is trying to kill demand. I don’t think he wants to raise, I think he believes he HAS to. He needs some soft data to bail them out. The recent jobs data has been off the charts good, but the last report was questionable, and may be revised lower.
He needs a weak report on Friday. I’m afraid pm’s need one too.
Lastly, it seems we are so far away from any event that could push pm’s higher. We’ve been waiting for the final financial crash that has been averted since 2009. PM’s have been trashed in every major market pullback or event. What will change that? Is it really as simple as gold acts inverse rates and the dollar, and it has no other redeeming value? If not, then paper works just as well.
Well maddog
all I know is that the damage today is severe. Everything has gone from looking great to looking like a cliff above a bottomless pit. I believe we are now officially in a bear market in the shares. I ALWAYS underestimate the damage they end up doing. Here we are back to ground zero – back to where we were in the beginning of November. Five months of wasted energy.
Gotta take this a day at a time.
Mr Copper
Geez whats next with the lunatics in charge?
I’m scared to think, as it ain’t just the US…we are in just as bad a mess, as are so many other countries and anywhere like Hungary, that has a sensible leader, they portray as a right wing nutter…….

