At market peaks, bullish arguments are irrefutable-their logic is ironclad.
d
re: job numbers and PM performance … that’s a nice change of pace, usually we’d get knocked silly with news like that. Our market has changed, the metals higher trend is very strong.
Adelante!
They’re charting/ day trading.
Apparently fake news said the US is to continue expanding. Comments come in every few minutes. Live futures
I do believe you’re right. In the past we would have been absolutely crushed. The specs seem to be getting smarter and/or stronger. Can only hope the jig is up and we start to see a runaway pm market. I’m talking runaway as in Bitcoin type. We still seem to be fighting over 1% gains, although we have seen a couple 3-4% gains in silver.
I want to see us jump up to $10K and $200 over the matter of a month or two. Then we can start talking real value.
Shares are pretty flat in the premarket. Trying to absorb all this overbought condition. It’s been so long since anything pm has been overbought, the punters don’t know how to handle it.
best to you as well.
Who doesn’t want to hold the metals over the weekend?
Clearly the a$$holes in charge were attacking silver this morning with more phony baloney manufactured numbers.
In years past, the specs would be running for the hills off a number like that.
Too bad they are running out of physical, and the jig is up.
Keep buying, $30 is next.
Cheers
yes, blowout numbers on the jobs report. Dollar jumping a bit on the news, but pm’s not getting rocked too much just yet which is surprising. Still might, long day ahead.
Then again, it could just be that nobody actually believes the jobs numbers because the previous months numbers have been revised down every single month for just about the whole time Biden has been in office.
The up in your face lying of the bunch that runs our country, including RINO’s, is just staggering. There doesn’t seem to be objective truth in the world anymore. But I digress…
Our metals are holding up nicely so far, especially considering the dollar and rates being higher. I know there’s a war going on somewhere, but it seems that maybe something else if driving our metals at the moment. I don’t expect the SM to hold its gains today, so we’ll see.
IAMGOLD (IAG) Announces First Gold Pour at Cote Gold Mine
Alamos and Argonaut Close Previously Announced Private Placement
IAMGOLD Strengthens Balance Sheet with Effective Deferral of Q2 2024 Gold Prepay Obligations
Newmont Completes $20 Million Global Community Support Fund, Partnering with Communities for Greater Resilience Post-Pandemic
Puma Exploration Intercepts Widespread Alteration with VG at Tiger Gold Zone and Expands Ongoing Drilling Program
CMC Welcomes North Bay Resources Inc. Purchase of 55.5% of 0877887 B.C. Ltd and Its Gold Processing Mill in Bishop, CA, USA and Director Resignation
Cassiar Gold Announces Upsizing of Insider-Led Private Placement for up to $5 Million
C2C Metals Corp. Announces Private Placement of C$1.0 Million
Guanajuato Silver Reports Best Ever Quarterly Production
Karora Announces First Quarter 2024 Gold Production of 36,147 Ounces, Gold Sales of 40,343 Ounces and Cash Position of $87.3 million
Prismo Metals Announces Closing of Debt Settlement and Private Placement
https://ceo.ca/@newsfile/prismo-metals-announces-closing-of-debt-settlement
Silver Elephant Announces 51,567 Tonnes of Paca Silver Oxide Delivered to Andean Precious Metals Corp. Since October 2023
https://ceo.ca/@newsfile/silver-elephant-announces-51567-tonnes-of-paca-silver
Voyageur Mineral Explorers Corp. Options Mink Narrows Project
https://ceo.ca/@globenewswire/voyageur-mineral-explorers-corp-options-mink-narrows-2f142
Orion Undertakes A$593 Million Sale of Capstone CDIs on the ASX
https://ceo.ca/@businesswire/orion-undertakes-a593-million-sale-of-capstone-cdis
Honey Badger Silver Provides Update On Non-Brokered Private Placement
https://ceo.ca/@accesswire/honey-badger-silver-provides-update-on-non-brokered
TDG Gold Corp. Announces Extension of Non-Brokered Private Placement
https://ceo.ca/@accesswire/tdg-gold-corp-announces-extension-of-non-brokered
Gabriel Resources Ltd. Corporate Update
https://ceo.ca/@accesswire/gabriel-resources-ltd-corporate-update-8dfe6
79 Resources Ltd. Announces Proposed Share Consolidation
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Advanced Gold Exploration Announces Completion of Debt Settlement
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SILVER VIPER MINERALS ANNOUNCES $4 MILLION LIFE PRIVATE PLACEMENT
https://ceo.ca/@newswire/silver-viper-minerals-announces-4-million-life-private
Aftermath Silver Increases Private Placement
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Mawson’s Subsidiary SXG Announces A$10.23 Million Fully Underwritten Rights Issue
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Elevation Gold Reports Q1 2024 Production Results and Provides Update on Liquidity and Other Corporate Matters
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Omai Gold Delivers PEA with After-Tax NPV5% of $556 Million and 19.8% IRR at a $1,950/oz Gold Price for Wenot Open Pit Project in Guyana
https://ceo.ca/@newsfile/omai-gold-delivers-pea-with-after-tax-npv5-of-556
Update of Activities at TVI Pacific’s 30.66% owned TVIRD Balabag Gold and Silver Mine
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Core Assets Extends Pete’s-Sulphide City-Gally Mineralized Trend to 2.5km With Massive Sulphide at Surface Grading Up To 680g/t Ag, >36.4% Pb+Zn & 0.55% Cu
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ESGold Corp. Acquires 130 Mining Claims Totaling 7303 Hectares Significantly Increasing the Size of its Montauban Property Interest
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Grizzly Reports Significant High Grade Gold, Silver and Copper Exploration Results for the Greenwood District Precious and Battery Metals Project, BC and Plans for 2024
https://ceo.ca/@newsfile/grizzly-reports-significant-high-grade-gold-silver
and if so they must have been bearish PM. bullish Dollar…….just like every other time…no matter the No’s.
Could be a grim day today, as the Chinese are on Holiday…cleaning their ancestors tombs….so the dealers my not have to buy anything back…..
Breaking: Former Bodyguard for P. Diddy Says There Are Secret Tapes of A-Listers and Politicians at Diddy’s Parties – VIDEO
Maya, great photo. I well remember that ‘hill’
Re Trump
If u listen he never advocates assasination, he just states that the Donor Class….what ever that is, cannot accept Trump, so they have to assasinate him.
Then again he is so ugly, I’m surprised the mid wife didn’t put him down.
Urging the assassination of a President… Hmmm… Where is the Secret Service?
Neocons superpac wants Trump assassinated. The only thing the assassin would get its assassin would get is assissned himself and they know it. Better to be on Trump and the people side.
Armstrong said he wouldn’t want to live on Alex Street if anything happened.It will dwarf other riots,
BTW war mongers is just another form of transfer of wealth and dark money profiting off it at the expense of economies, not just ours, and lives. Follow the money. Just ask Soros, who’s out of touch privileged creepy psycho son Alex who wants Trump dead. That might be a good project for the CIA. Trump should counter with a reward that gos up if they see that little creep in prison.
Blinken is a reckless moron using our country for nefarious reasons another delusional nut and likely coward who’s already proved that. He better not get away with it less we can put him and these others on the front line in Ukraine. Threats of war and weaponizing the dollar may have something to do with it but not just the core reason because people still want dollars and equities. Still has to do with the mass mismanagement and wasting of our tax dollars that has put us in historic debt and a runaway train heading for a future train wreck.
Still gold might get pulled down with equity’s when the clock strikes 12 at first like you see today meaning it’s not just about war yet and hopefully never, it’s economic damage boxing in even the Fed with their lunacy other wise it wouldn’t of been affected today. Not to mention manipulation.
Hopefully it will just go sideways for a bit if there’s pushback on the shorts but still wise to put in trailing stops with gains on the table.
……could also be sensing that the NEOCONS + the Climate zealots need a war to start before the election. Blinken came out today and verbally poked the bear…….
Blinken says that Ukraine will be joining NATO, and the Article of NATO clearly states that nobody can join NATO who is at war. Blinken knows that Ukraine is about to fall, so he is pushing that to hell with the rules; NATO must accept Ukraine now so that they can declare World War III against Russia – IMMEDIATELY!
There’s just no way they can continue to pile up the massive amount of short positions without pushing prices higher. I agree when you say they never have to cover and they continually add according to the report. No idea about the accuracy of it. I’m more interested in what the funds are doing.
Looked like algo’s hit the sell button on everything including pm’s once the SM started to really fall apart. Richard640 is right though, these little event driven selloff’s don’t last in the SM very long. Unless it does. 🙂
…..be amazed at the number of contracts that the scum is short. They will never cover, so the COT #’s don’t really matter in the grand scheme of things
they have made sure that it has underperformed everyday of the recent rally……today down near double GDXJ…….they really make it personal, this PM hatred.
utter insanity…..
At market peaks, bullish arguments are irrefutable-their logic is ironclad.
d
I dare you to raise the rates. And or, I dare you to lower the rates. Either way it will cause problems. You guys are finally really actually boxed in.