Loading ...Re Dollar Jump
This story could explain the the USD jump:
U.S. regulators on Thursday unveiled a sweeping set of proposed changes to banks’ capital requirements to address evolving international standards and the recent regional banking crisis.
The changes, designed to boost the consistency and accuracy of regulation, will revise rules tied to risky activities including lending, trading, valuing derivatives and operational risk, according to a notice from the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.
As expected, the changes will broadly raise the level of capital that banks need to maintain against possible losses, the agencies said. While the heightened requirements apply to all banks with at least $100 billion in assets, the changes are expected to impact the biggest and most complex banks the most, they said.
“Improvements in risk sensitivity and consistency introduced by the proposal are estimated to result in an aggregate 16% increase in common equity tier 1 capital requirements for affected bank holding companies,” the regulators said in a fact sheet.
The industry’s tier 1 common capital levels measure an institution’s presumed financial stability should a recession or trading blowup occur. The biggest U.S. banks recently weathered a severe recession scenario while maintaining required capital levels in the Fed’s latest stress test.
Buygold
When it’s all lies, u are getting close to….’they pretend to pay us, we pretend top work’.
Look at all those silver longs puke
The COT report NEVER lies.
Many on the left would support this …
China's Surveillance State
Facial recognition and ID check required for entering gas station.
If you are being blacklisted by Social Credit System, no gas for your car!! ???
— Wall Street Silver (@WallStreetSilv) July 27, 2023
maddog – phony numbers are the culprit – Bidenomics is working!!!!
The latest pitch for Bidenmics is in the history books.
End this stupid war
Details Of Secret US-Russia Talks Revealed As Ukraine Counteroffensive In Bad Shape
New details have been revealed Wednesday related to the Ukraine war, at a moment the West is beginning to admit Ukraine’s counteroffensive is failing, despite billions of foreign military hardware (and counting) shipped to Kiev thus far.
“Secret diplomatic talks are ongoing between former senior U.S. national security officials and high-ranking members of the Kremlin, a U.S. official directly involved in the talks has confirmed to The Moscow Times,” the Amsterdam-based publication reports.
While NBC earlier this month first reported on the back-channel discussions described as “discrete” exchanges with top Kremlin officials, Moscow Times interviewed an unnamed US official involved, shedding light on what’s dubbed “track 1.5 diplomacy”.
Maddog @ 8:35
If the whole board is on the same page as the CEO then they should get the cosh as well!
These bankers are so arrogant it defies belief.
I hope Dr. Mercola brings a giant lawsuit against JPM!
seems the scum don’t want $1970 and $ 25
wrote that at $ 1968….waited a few mins and now the scum are getting serious which means that the message going out, is that the Fed has it all under control…just look at how Gold,the Dollar and the SM are reacting to the genius of Powell…my arse.
Gold Resource Corporation Reports Mid-Year Operational Results
https://finance.yahoo.com/news/gold-corporation-reports-mid-operational-205500907.html
Alamos Gold Reports Second Quarter 2023 Results
https://finance.yahoo.com/news/alamos-gold-reports-second-quarter-210000045.html
Torex Gold Provides Third Quarterly Update on Media Luna Project
https://finance.yahoo.com/news/torex-gold-provides-third-quarterly-220000532.html
Agnico Eagle Mines (AEM) Tops Q2 Earnings and Revenue Estimates
https://finance.yahoo.com/news/agnico-eagle-mines-aem-tops-230508593.html
Sokoman Provides Update – Moosehead Gold Project, Central Newfoundland
https://finance.yahoo.com/news/sokoman-provides-moosehead-gold-project-130000237.html
Mayfair Gold Files NI 43-101 Technical Report for Fenn-Gib Gold Deposit
https://finance.yahoo.com/news/mayfair-gold-files-ni-43-223400982.html
Galantas Gold Intercepts 33 Metres at 1.88 Grams/Tonne Gold, 1.23% Copper, 0.51% Zinc at Gairloch Project in Scotland
https://finance.yahoo.com/news/galantas-gold-intercepts-33-metres-060000384.html
K2 Gold Announces $1.2 Million Flow-Through Private Placement
https://finance.yahoo.com/news/k2-gold-announces-1-2-100000596.html
Lion One Expands Gold Mineralization at Tuvatu Mine in Fiji
https://finance.yahoo.com/news/lion-one-expands-gold-mineralization-120000328.html
Eskay Mining Identifies New Targets and Commences Drilling at Its Consolidated Eskay Project, Golden Triangle, BC
https://finance.yahoo.com/news/eskay-mining-identifies-targets-commences-120000058.html
GGL Resources Corp. Announces Private Placement and Amendment of Option Terms at Gold Point Project, Nevada
https://ceo.ca/@accesswire/ggl-resources-corp-announces-private-placement-and
Founders Metals Drills 12.00 Metres of 19.23 g/t Gold at Antino
https://ceo.ca/@newsfile/founders-metals-drills-1200-metres-of-1923-gt-gold
Austral Gold Files Q2 2023 Quarterly Activity Report
https://ceo.ca/@newsfile/austral-gold-files-q2-2023-quarterly-activity-report
Independence Gold Commences Surface Exploration Program at the 3Ts Project, BC
https://ceo.ca/@newsfile/independence-gold-commences-surface-exploration-program
Austral Gold Reports Expiry of Option with Pampa Metals
https://ceo.ca/@newsfile/austral-gold-reports-expiry-of-option-with-pampa-metals
Prismo Metals Intersects High-Grade Mineralization at Palos Verdes – Including 11,520 g/t AgEq Over 0.5 Meter
https://ceo.ca/@newsfile/prismo-metals-intersects-high-grade-mineralization
Sanu Gold Completes First Phase of Drilling on the Bantabaye Permit: High-Grade Discovery at Target 2 and Gold Mineralization Intersected at Three of Four Targets Drilled
https://ceo.ca/@newsfile/sanu-gold-completes-first-phase-of-drilling-on-the
Mako Mining Intersects 30.45 g/t Au over 4.5m (Estimated True Width) at Las Conchitas, 13m from Surface; Announces Commencement of Las Conchitas Processing
https://ceo.ca/@accesswire/mako-mining-intersects-3045-gt-au-over-45m-estimated
Gossan Resources Announces Results of Geochemical Sampling Program at its Gander Property, Newfoundland
https://ceo.ca/@newsfile/gossan-resources-announces-results-of-geochemical-sampling
Bunker Hill Recommences Construction Activities, Remains on Schedule and Budget for Mine Restart in Q4 2024
https://ceo.ca/@globenewswire/bunker-hill-recommences-construction-activities-remains
Contact Gold Hits 5.06 G/T Oxide Gold Over 10.7 Metres, Within 1.97 G/T AU Over 35.1 Metres at Green Springs
https://ceo.ca/@thenewswire/contact-gold-hits-506-gt-oxide-gold-over-107-metres
Reyna Gold Announces Initial Results from Phase 2 Drilling Extending Mineralization At La Republicana Zone Includes 21.1m of 1.09 g/t Gold And 19.90m of 0.96 g/t Gold
https://ceo.ca/@accesswire/reyna-gold-announces-initial-results-from-phase-2-drilling
FireFox Reports Extensions from Major Step-out Drilling and 6.87m of 59.12 g/t Gold in the First Trench at the East Target, Mustajärvi Gold Project, Finland
https://ceo.ca/@accesswire/firefox-reports-extensions-from-major-step-out-drilling
INCA One Reports Strong Supply and Record Deliveries for June
https://ceo.ca/@newsfile/inca-one-reports-strong-supply-and-record-deliveries
OK – so there it is – dollar now spiking
PM’s getting crushed and falling.
This is literally a 100% sure bet after a Fed meeting.
No idea why the USD is spiking but it doesn’t matter. Always the same. This will break up technically as well.
ipso facto
Re Farage
for once the current Government backed him, despite being Schwab zombies…..they called the banks in and told ’em it was unacceptable !!!!…Unbelievably the Nat West board, said they fully backed the CEO and the next morning she had resigned….Farage now wants the entire board all sacked, which having backed the cretin CEO, is the only outcome that makes sense….
Go figure.
AEM also beats
That’ll help the HUI, while they keep it contained with NEM. Contrast the two companies, and it appears AEM has much better folks running the company.
Check out Gasoline and Diesel Heating Oil
They should be enough to slow the economy, but at the same time it’s inflationary. Because the stupid government keeps bashing oil which inhibits oil companies from investing in their product. The higher stock market (money supply) is also inflationary.
My friend sold some stock and bought a new Jeep. If the Fed wants to kill inflation then they need to kill the stock and real estate markets and the retirement accounts of many people and all the artificial income from investing or dumping dollars on inflation hedges. The Fed is doing a rain dance.
Morning Goldie – thanks for further clarification
I skimmed the article for his remarks. We are seeing some deflation in manufactured stuff and some in food as well. I mentioned I got 60 eggs from Walmart for $6.25 a couple of weeks ago, same package went up to $7.43 two days ago. More likely Walmart greed than the onset of more inflation. That being said, gasoline is on the move higher with oil and we are seeing higher copper and other commodities as well. So, it’s a mixed bag. Things we need to live may see more inflation, things we can live without coming down as the economy rapidly slows.
I have to think that Gov’t. debt is the real reason rates need to come down, at 6-7% it is unserviceable.
Gold needs to act as our hedge hopefully.
This is unusual – AGI beats on top and bottom
They should do so much better if we can get our metals moving
| Benzinga |
Morning Buygold
As long as he sees inflation steadily decline he would think about reversing. That too many people on limited income at risk. He doesn’t think it will be soon. He said he doesn’t think the inflation rate will go to 2% until 2025.
The morning after
I read a ZH article yesterday that kind of summarized what Powell said in the press conference afterward. He was sort of dovish. One thing stuck out to me that Powell said; “we could start to cut rates before inflation hits our target of 2%”
So, the USD is down pretty good this am working its way down toward 100 on the index. Technically, the dollar filled the gap perfectly and is heading back down as it should be, I would think to make lower lows.
We’re pretty flat, but that is to be expected the morning after. PM’s not getting hit today would be a change in a very long trend. Clearly, we should be soaring, but they won’t allow that because it would make the Fed look weak – can’t have that. However, last time the USD headed south there was a bit of a lag before gold and silver got going, so hoping we’ll get our “make up” move in the coming days.
Oil creeping up toward 80 at $79.50. The 10 yr. is up a bip to 3.866%. Tech stocks are loving life and screaming higher. Course we must have the dollar and rates falling together to have a decent move. Silver is looks better for now.
The shares look healthy premarket. Sadly, caution is warranted for today methinks.
August looms.
2 min. video of what we’re up against
chilling statement about the vax
Super short video, the most important of our age in many ways, I would suggest.
Please share widely, so that people can understand who is gaming them spectacularly: https://t.co/P1Zvk4Yv4k pic.twitter.com/CHL5th5pWQ— Ivor Cummins (@FatEmperor) June 30, 2023
Maddog
It used to be 70 dollars. But I guess with the demented climate buy our solar and batteries BS and attack on oil rich nations they probably figure they can profit off it by raising it.
Buygold
Re Oil
That is one I always watch……so far the scum have not been able to seriously mess with it……The word is the Saudi’s need it near $ 100 …to pay for their domestic spending and the rest of OPEC would not complain.
Dollar cooperating
Metals hanging, but shares kinda weak and seem to be sort of in line with the SM. DOW up 40 pts.. DOW closing up today makes it 13 straight days. Longest since 1987. We know what happened then, the SM crashed 25% in Oct. 1987. I almost think the SM is crash proof now, thanks to Aladdin.
My small and mid-cap silver shares are performing better than the gold shares.
Since we didn’t really blast off, maybe we won’t spend the next two days getting crushed. Big “maybe” though.
10 yr. down 5 bips with the dollar, so no real resistance today but….