Loading ...CPI, now it makes sense, thanks.
If Anybody Remembers, I Called the Gold Price Bottom on Sept Third
Also by the way, at the bottom, Gareth Soloway, changed is bearish view today, stating Gold is in a bullish consolidation
Re Gold, My Opinion? The Choppy Lateral Correction, That Started August 20, Has Ended Today
You can see a double bottom with support at $2,500.
https://finviz.com/futures_charts.ashx?t=METALS&p=d
Besides that, lots of things are a LOT cheaper, like heating oil and gasoline.
https://finviz.com/futures_charts.ashx?t=ENERGY&p=d
Here you can see a lot of things cheaper the past three months.
https://finviz.com/futures_performance.ashx?v=14
Down here you can see the indices having a bad day, that took Gold down in sympathy, that I think ended our correction and we should break above $2600 soon.
https://finviz.com/futures_charts.ashx?t=INDICES&p=d
P.S. If you think about it, the Fed’s first fear was deflation. Which would show mismanagement of the Fed Note system, which also will drive gold higher. Gold is money. And in a deflation, money or Gold, gains value.
By the way, I’m going against Garreth Soloway who thinks gold will drop. Scroll to the right to the 20 minute 30 seconds to hear his opinion.
RFKjr
Trump makes a point that I hope everyone hears: Russia has nuclear weapons. The Biden administration’s policy of maximum confrontation, seeking Russia’s humiliating defeat and regime change, is a recipe for nuclear immolation.
We are hanging well in a tough SM
Seems maybe more focused on the dollar. Today would have been ideal for them to waterfall us.
Would like to see a complete reversal in a down SM
goldielocks
What numbers ?????
The CPI…..though it makes no difference what the letters are, the result is invariably …strong Dollar, Strong SM and Weak PM’s !!!!
Buygold
Looks that way. Dow might have a gap below to fill but SP filled one. Not much enthusiasm in the market. The Techs were heading the market till they didn’t and now some are mixed with not a lot of enthusiasm either. I’m keeping a few hedges and out for now. Some buying the sale but the possibility of lower lows to risky just yet for me cuz I don’t want to start day trading. That Sbit short has a 100 po on it but that will depend on what Bitcoin is gonna do. PMs just hanging around for now. Slowly loading natural gas but that’s for months out. Silver and base metals depends on economy for now.
Reversal of fortune
Dollar soaring. CPI looks in-line with expectations, so I’m not sure what they were looking for, probably something soft. PM’s getting hit some, although silver still positive. SM hit too.
I don’t get the feeling that we’re going to get crushed though. SM coming back a bit. Maybe just a knee jerk reaction. The PPI comes out tomorrow. Seems like an endless line of phony reports that come out day after day.
I suspect that even the day the Fed cuts, they’ll take a run at us. Pretty much still the norm.
Never thought we’d have such a boring September before an election with the economy failing, invaders taking over the country, and a world in such a mess. Go figure. 🙂
Maddog
Now I’m gonna ask a question like Bob’s friend I think. What numbers?
Bob
“Canada has a west?”
LOL … and she probably votes too!
Scum trying to have it both ways….
Numbers have caused rates to jump higher, which means less chance of a cut, so SM sells off and Dollar goes a bit bid…all OK….but if so then inflation is still strong,….yet they sell PM’s ???????
We all know why…but that logic is all wrong.
Maya @ 23:13
Maya, yeah the Rockies are beautiful. Did you know that Canadian rails from Northern Ontario west to the the BC Pacific coast ore single-tracked?
That reminds me a funny occasion. My wife and I had a friend, a teacher from Ohio. She ventured forth one day and visited us when we were living in Southern Ontario.
During course of a conversation we mentioned ‘Western Canada’: her response was “Canada has a west?”
At least she had the gumption to challenge the border crossing and the 400 mile trip. 🙂
Silver Elephant Drills 17.45 Meters Grading 120 g/t Silver at Paca in Bolivia
https://ceo.ca/@newsfile/silver-elephant-drills-1745-meters-grading-120-gt
Gold79 Announces Private Placement Financing of $4,000,000 in Connection with Bullet Merger and Amendment to Amalgamation Agreement
https://ceo.ca/@newsfile/gold79-announces-private-placement-financing-of-4000000
Sitka Intercepts Multiple Occurrences of Visible Gold from Surface to 680 Metres in Deepest Hole Ever Drilled at RC Gold in Yukon
https://ceo.ca/@newsfile/sitka-intercepts-multiple-occurrences-of-visible-gold
McEwen Mining: Grey Fox Exploration Update
https://ceo.ca/@globenewswire/mcewen-mining-grey-fox-exploration-update
Athena Gold Announces Transformative Transaction With Libra To Create a Premier, Discovery Focused Gold Explorer in Nevada and Ontario, With Enhanced Board and Management Team and Plans to Redomicile to Canada
https://ceo.ca/@accesswire/athena-gold-announces-transformative-transaction-with
Dundee Precious Metals Reports High-Grade Copper-Gold Discoveries within One Kilometre of the Čoka Rakita Project; Results include 63 metres at 1.74% Cu, 2.18 g/t Au and 9.04 g/t Ag
https://ceo.ca/@globenewswire/dundee-precious-metals-reports-high-grade-copper-gold
NEW GOLD EXPANDS OPEN PIT AND UNDERGROUND MINERALIZATION AT RAINY RIVER, DEMONSTRATES STRONG SUPPORT FOR MINERAL RESOURCES GROWTH
https://ceo.ca/@newswire/new-gold-expands-open-pit-and-underground-mineralization
Banyan Completes 75% Earn-In on the Aurex Property, Yukon
https://ceo.ca/@accesswire/banyan-completes-75-earn-in-on-the-aurex-property
Getchell Gold Corp. Reports Significant Increase to the Mineral Resource Estimate at the Fondaway Canyon Gold Project, NV
https://ceo.ca/@newswire/getchell-gold-corp-reports-significant-increase-to
Rise Gold Closes Amended Debt Agreement
https://ceo.ca/@newsfile/rise-gold-closes-amended-debt-agreement
Bonanza Grade Coarse Gold Zones At Western Flanks
https://ceo.ca/@newswire/bonanza-grade-coarse-gold-zones-at-western-flanks
JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Convertible Debentures
https://ceo.ca/@thenewswire/jzr-gold-announces-closing-of-non-brokered-private
NuLegacy Gold Reports Closing of Cost Rationalization Agreement
https://ceo.ca/@globenewswire/nulegacy-gold-reports-closing-of-cost-rationalization
Mandalay Resources Reports High-Grade Antimony and Gold Intercepts, Advancing Costerfield Resource Expansion
https://ceo.ca/@newswire/mandalay-resources-reports-high-grade-antimony-and-4f3be
Mayfair Gold Updates Fenn-Gib Open-Pit Mineral Resource and Initiates an Expanded Metallurgical Test Program
https://ceo.ca/@newswire/mayfair-gold-updates-fenn-gib-open-pit-mineral-resource
ValOre Provides Exploration Update and Reports Initial Trado® Auger and Rock Assay Results; Salvador Target, Pedra Branca PGE Project, Brazil;
https://ceo.ca/@globenewswire/valore-provides-exploration-update-and-reports-initial
Galway Metals Provides Corporate Update
https://ceo.ca/@accesswire/galway-metals-provides-corporate-update
Tintina Announces Continuance to British Columbia
https://ceo.ca/@globenewswire/tintina-announces-continuance-to-british-columbia
Black Mammoth Metals Consolidates South Ravenswood and Callaghan Gold Districts in Central Nevada
https://ceo.ca/@newswire/black-mammoth-metals-consolidates-south-ravenswood
EuroPacific Announces Name Change to Ibero Mining Corp., New Symbol “IMC” to Commence Friday, September 13th
https://ceo.ca/@accesswire/europacific-announces-name-change-to-ibero-mining-corp
Newmont Announces Agreement to Divest Telfer and Havieron for Up to $475M
https://ceo.ca/@businesswire/newmont-announces-agreement-to-divest-telfer-and-havieron
CORRECTION FROM SOURCE: Doubleview Gold Corp Announces Private Placement
https://ceo.ca/@newsfile/correction-from-source-doubleview-gold-corp-announces
Goliath Closes $1,000,000 Order From Strategic Shareholder Crescat Capital in Final Tranche of Previously Announced Funding Up to $6,500,000
https://ceo.ca/@globenewswire/goliath-closes-1000000-order-from-strategic-shareholder
High-Grade Gold Target Expanded at Treaty Creek in BC’s Golden Triangle: Drill Hole GS-24-185 Intersects 9.60 g/t Gold Eq. (AuEq) over 13.50 Meters Within Supercell-1C (SC-1C) in a 140m Step-out
https://ceo.ca/@thenewswire/high-grade-gold-target-expanded-at-treaty-creek-in
Brixton Metals Acquires Infill Claims to its Thorn Project Near the Past Producing Golden Bear Mine
https://ceo.ca/@globenewswire/brixton-metals-acquires-infill-claims-to-its-thorn
Great Atlantic Begins 2024 Exploration Program on Golden Trust 1 km North of Valentine Gold Mine of Calibre Mining Corp
https://ceo.ca/@newsfile/great-atlantic-begins-2024-exploration-program-on-golden
Silver North Commences Drilling at Haldane Property
https://ceo.ca/@thenewswire/silver-north-commences-drilling-at-haldane-property
New Destiny Mining Drilling Update Hole 8 at the Jim Kelly Gold Zone – Treasure Mountain Silver Project, Hope BC
https://ceo.ca/@newsfile/new-destiny-mining-drilling-update-hole-8-at-the-jim
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates
https://ceo.ca/@thenewswire/element79-gold-corp-announces-2024-clover-work-plans
Yukon Metals Samples over 10,000 g/t Silver, Multiple Samples over 1500 g/t Silver, and up to 6.9 g/t Gold at Star River
https://ceo.ca/@globenewswire/yukon-metals-samples-over-10000-gt-silver-multiple
Freegold Expands and Upgrades Resource at Golden Summit
https://ceo.ca/@newswire/freegold-expands-and-upgrades-resource-at-golden-summit
Tocvan Establishes Broad Footprint of Gold – Silver Potential Across Gran Pilar Open for Expansion
https://ceo.ca/@accesswire/tocvan-establishes-broad-footprint-of-gold-silver
Leviathan Gold, via Core Prospecting Pty Ltd. Receives Results, from Phase 2 Diamond Drilling at the Excelsior Prospect
https://ceo.ca/@globenewswire/leviathan-gold-via-core-prospecting-pty-ltd-receives-82d1e
Mosaic Completes Its Exploration Campaign on Mirabelli
https://ceo.ca/@globenewswire/mosaic-completes-its-exploration-campaign-on-mirabelli
Bold Ventures Acquires 100% Ownership of Traxxin Gold Project and Stakes More Ground
https://ceo.ca/@accesswire/bold-ventures-acquires-100-ownership-of-traxxin-gold
GMV Minerals Inc. Commences Drilling at Daisy Creek Project in Lander County, Nevada
https://ceo.ca/@accesswire/gmv-minerals-inc-commences-drilling-at-daisy-creek
South Pacific Metals Announces New OTCQB Marketplace Listing Under SPMEF
https://ceo.ca/@accesswire/south-pacific-metals-announces-new-otcqb-marketplace
Drilling Underway at GoldON’s West Madsen Gold Project in Ontario’s Red Lake Camp
https://ceo.ca/@newsfile/drilling-underway-at-goldons-west-madsen-gold-project
Riverside Resources Commences Drilling at Cecilia Project with Partner Fortuna Mining
https://ceo.ca/@newsfile/riverside-resources-commences-drilling-at-cecilia-project
Gold Candle Ltd. Closes Private Placement Raising Proceeds of $7,836,680
https://ceo.ca/@newswire/gold-candle-ltd-closes-private-placement-raising-proceeds
ZTEM Survey at Cyprus Project Identifies Highly Prospective Porphyry Targets
https://ceo.ca/@globenewswire/ztem-survey-at-cyprus-project-identifies-highly-prospective
Nord Precious Metals Assayed 411 gpt Silver Equivalent in Miller Creek Tailings Sonic Drill Program
https://ceo.ca/@thenewswire/nord-precious-metals-assayed-411-gpt-silver-equivalent
GoGold Provides Update on Ongoing Los Ricos Definitive Feasibility Study
https://ceo.ca/@newswire/gogold-provides-update-on-ongoing-los-ricos-definitive
I know this isn’t funny but had to laugh anyways.
She hooked the crew up with the internet. Navy crew.
CPI out this am
another pre-Fed cut piece of news that the algo’s will grapple with, as if things aren’t already etched in stone.
Dollar is down a little, Yen carry continues its unwind. Silver up over 1%, Gold inching higher a few bucks. Oil bouncing back nicely. Bitcoin down $800 at last look with the SM futures down a bit also.
PM shares firm. Nothing not to like at the moment, we’ll see what happens a half hour from now.
Well it looks like the SM didn’t like the debate either but that’s buygolds job. Might of helped gold a bit though.
I was doing some research on African parasites last night.
They have some serious issues with flys and mosquitos there. Flys can cause sleeping sickness, another can cause river blindness which they use Ivermectin for and one another parasite by flys causes loaloa worms in the eyes which Ivermectin can partially help. I’m checking to see what can be contagious with the current immigration invasion also going on around the world.
I found they were putting out propaganda there too that Ivermectin didn’t work for C-ovid and over dose scare tactics.
Megan Kelly and Eric Bolling
Take apart the most agregous dishonest and biased 3 against 1 debate in history. The one who runs ABC is best friends with Harris. It’s obvious they were working together to try to steal the election. Any surprise with that party?
Megan and Tucker should have a second one but I’d bet she would back out if it wasn’t rigged so she didn’t have to answer any hard questions.Im glad to see she is fully awake on the plandemic and jab. I wonder if she would bring it up.
It didn’t matter what the question was,
she just gave her pre-prepared word salad. Unfortunately so many Americans are too dumb to realise that.
This wasn’t a debate.
Leftie moderators
Sided with Harris never making her answer any of the questions about our economy, illegal crime, borders, lies about Trump nothing.
Maddog 19:47
That’s right and no mention on Biden using reserves to bring down prices too.
One of the moderators chimes in saying the mayor of Springfield Ohio is denying any eating of pets and ducks when there’s a video of police arresting a Haitian for eating a cat raw like sushi with witnesses.