This will decrease transportation costs between China/Pakistan while opening up new markets and increasing trade to the Middle East via the Gwadar Port via Pakistan. Xinjiang Province becomes a central node in West China and new market for Pakistan (thx to @pplsartofwar) https://t.co/2BE6B2DvTV pic.twitter.com/xQZD3N2s9F

— Francis Chen (@fncischen) April 28, 2023

Watching level 2 on ZIM this morning on heavy volume. Holding in a narrow range.
I hope it’s a sign it wants to stay in its bullish pattern and not fill those gaps.
Next earnings may not be too bright but following the seasonal pattern of last year.
PMs not doing much. It didn’t hit its 2100.44 ish target on the rally or is that yet.

HUI has been on either side of 260 +/- 3 pts or so for several days. Doesn’t appear we’ll break out of that today, I expect we’ll launch a battle in the shares after the first hour games are done.

Game on.

10 yr. down to 3.44%

Fed meets next week, other than destroying our economy, are they still even relevant?

After US and German GDP gravely disappointed and inflation measures on both sides of the pond remain far more elevated that hoped for, this morning’s print of The Fed’s favorite inflation indicator will likely drive today’s early action among the algos.

Core PCE was expected to be flat at +4.6% YoY (and it was, but Feb was revised up to +4.7%) but the headline PCE printed hotter than expected at +4.2% YoY (although well down from the +5.1% prior).

https://www.zerohedge.com/markets/feds-favorite-inflation-indicator-slows-marginally-americans-savings-rate-rises-15-mo-highs

4.6% vs. 4.5% estimates. Personal spending was down 0.1% vs. 0.0% estimates.

Muted reaction in the metals so far, silver looks best early – down $.04.

Shares seem to have breathed a sigh of relief, sort of holding steady.

AGNICO EAGLE REPORTS FIRST QUARTER 2023 RESULTS – STRONG OPERATIONAL RESULTS WITH RECORD SAFETY PERFORMANCE; OPTIMIZATION ACTIVITIES PROGRESSING WELL IN THE ABITIBI GOLD BELT; 2022 SUSTAINABILITY REPORT RELEASED; YAMANA TRANSACTION AND SAN NICOLAS JOINT VENTURE TRANSACTION CLOSED

https://ceo.ca/@newswire/agnico-eagle-reports-first-quarter-2023-results-strong

Eldorado Gold Reports First Quarter 2023 Financial and Operational Results; Steady Start to 2023

https://finance.yahoo.com/news/eldorado-gold-reports-first-quarter-210000149.html

B2Gold Announces Positive Exploration Drilling Results from the Fekola Regional Area

https://finance.yahoo.com/news/b2gold-announces-positive-exploration-drilling-213000112.html

Fortuna renews share repurchase program

https://finance.yahoo.com/news/fortuna-renews-share-repurchase-program-090000556.html

Silver Range Options Two Nevada Properties to Green Gold Resources

https://ceo.ca/@accesswire/silver-range-options-two-nevada-properties-to-green

Omai Gold Provides Project and Corporate Update

https://ceo.ca/@newsfile/omai-gold-provides-project-and-corporate-update

WestKam Gold Corp. Announces Corporate Actions – Private Placement and Shares for Debt Settlement

https://ceo.ca/@globenewswire/westkam-gold-corp-announces-corporate-actions-private

Caledonia Mining Corporation Plc – Publication of Annual Report on Form 20-F exhibiting Technical Report Summaries

https://ceo.ca/@globenewswire/caledonia-mining-corporation-plc-publication-of-annual

Austral Gold Files Q1 2023 Quarterly Report

https://ceo.ca/@newsfile/austral-gold-files-q1-2023-quarterly-report

NUBIAN RESOURCES FILES EARLY WARNING REPORT IN RESPECT OF ATHENA GOLD CORPORATION

https://ceo.ca/@newswire/nubian-resources-files-early-warning-report-in-respect

Ridgeline Minerals Closes Oversubscribed $4,507,000 Private Placement

https://ceo.ca/@newsfile/ridgeline-minerals-closes-oversubscribed-4507000

Eagle Plains Receives Overwhelming Shareholder Support for Eagle Royalties Spin Out

https://ceo.ca/@accesswire/eagle-plains-receives-overwhelming-shareholder-support

Almaden Files Form 20-F Documentation

https://ceo.ca/@globenewswire/almaden-files-form-20-f-documentation-f951c

Angus Gold Completes $6.45 Million Private Placement Including Full Exercise of Overallotment Option

https://ceo.ca/@globenewswire/angus-gold-completes-645-million-private-placement

Unigold Announces Granting of Neita Norte Exploration Concession

https://ceo.ca/@newsfile/unigold-announces-granting-of-neita-norte-exploration

Gold Basin Provides Exploration Update and Announces 2000 Metre Follow-Up RC Drill Program at Gold Basin Project

https://ceo.ca/@thenewswire/gold-basin-provides-exploration-update-and-announces

Atico Produces 2.32 Million Pounds of Cu and 2,566 Ounces of Au in First Quarter 2023 and Resumes Full Operations at El Roble

https://ceo.ca/@globenewswire/atico-produces-232-million-pounds-of-cu-and-2566

Silver Bullet Mines Corp. (SBMI) Provides Update on First Order for Silver from Buckeye Mine in Arizona

https://ceo.ca/@newsfile/silver-bullet-mines-corp-sbmi-provides-update-on

So, the highly touted, most Fed watched indicator, comes out at 0830 EST

Lower number = bullish

higher = bearish

I think it is just that simple. I like that pm’s and the SM are down in tandem going into the report, I’m kinda superstitious that way. 🙂

Thanks for the article.

“Legalization isn’t a panacea, but it’s far preferable to prohibition.”

Yup

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Marijuana Legalization – the Conspiracy

Your problem might be extremely tough that you deal with and you simply cannot imagine having it to start with, but your counselor has seen almost everything. Some simply don’t want to admit that there might test.com be an issue. Furthermore, it would forbid taxing or regulating using marijuana.

The Most Popular Marijuana Legalization

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You made a great call not too long ago about the rally. Care to drop in and tell us what you’re seeing right now.

Anyone and everyone who has a take, please share it.

BOA says $2500, seems light, but who knows?

I thought we sort of dodged a bullet yesterday. 10 yr was up 8 bips to 3.53%, USD was flat, but the shares held up and G & S eeked out a gain.

Fast forward to this am and the 10 yr. is taking an almost 7 bip hit to 3.45%, but the USD is up 1/2%. G & S down but not huge for them anymore, $7 for gold, $.19 for silver.

The Bank of Japan didn’t actually hike, they just talked about it, causing the Yen to get crushed, hence the USD strength.

Pretty much all commodities, hard and soft are lower, and the SM is down about 1/2%.

We’ll see if this is London is helping out their buds at the Crimex or something else.

https://townhall.com/tipsheet/mattvespa/2023/04/26/ex-fox-news-producer-who-is-suing-the-network-and-trashed-tucker-never-met-him-n2622485

As usual a little to late endangering troops and civilians. Family’s with children including those working there sheltering in place with children and in total 16000 citizens left behind with no plan from the Biden administration.

Now saying only a few called so far. Powers out, cell towers out, and embassy gone. Who are they gonna call, Ghost Busters?
https://www.military.com/daily-news/2023/04/22/us-military-evacuates-diplomats-shuts-embassy-violence-torn-sudan.html/amp

Malone advisor for Alpha contrary to other advisor thinks Powell still has inflation concerns and unemployment numbers not high enough. Imagine that, they need to turn more real peoples world upside down in order to fix their transitory inflation. They are counting low wage part time jobs but higher wage full time like tech jobs are laying off.

Up on Cripple Creek…
https://railpictures.net/photo/812345/

Analysts say between Japan yen strengthening he said ??? “ forward next year thinking transitory inflation ?? Lol and Europe central bank expected to raise interest another 75 basis points in a few months should put down pressures on other currency including the dollar. Monetary inaction?
That he doesn’t expect more interest rates hikes here if anything one more 25 points then a pause.
I suspected something up looking at the Dow today.
PCE still tomorrow.

To maintain 10 yr yield zero percent. With year a year 1/2 review. Wage negotiations and inflation concerns. Slashes forward policy’s on interest rates.

US data economy slowing and bank issues and inflation continues to be concern.
PCE tomorrow I think will look at what consumers are still willing to buy.