It has to be the tariffs.
Silver getting battered again. Gold fading.
We’re not going to get away unscathed if this continues. Buckle up for the death drop.
It has to be the tariffs.
Silver getting battered again. Gold fading.
We’re not going to get away unscathed if this continues. Buckle up for the death drop.
Metals were flying AH (GLD & SLV), then spot opened and silver was down over a buck, gold down near $30.
Now gold is up $10 and silver down $.35
GLD currently at all-time high. SLV down $.08
Something breaking?
not sure what that’s about. Tariffs?
Good commentary, maybe maddog has it right, it’s just gold that’s going to really benefit because of a revaluation, and silver only gets a little of that bump because it’s less monetary and more industrial, as Goldie mentions. In which case, for silver it’s going to boil down to supply and how big a problem that really is.
If Trump revalues gold, he’s not going to get much bang for the buck if he just revalues to spot. Seems if he wants to make a dent in the debt, it will need to be multiples of that. Even at 5X he’s only got around $4 trillion.
Whatever though, these shares gotta move at some point – one would think.
All that being said, if whatever is happening in the spot market right now continues, those shares will get creamed. They’ve pulled the rug on silver.
Take beef, for example. The US cattle herd is at its lowest levels in forty years. It’ll take six years minimum to recover, in the meantime import prices increase by at least 10%.
Or steel. When did America last build a new steel mill, or aluminium, or oil refinery (1970’s for the last one I think) – so not only will import prices rise by 10% minimum (much more if from China, SK, Japan, India, Finland) but if you reopen shuttered mills you’ll be running at a competitive disadvantage using outdated production techniques. Lose-lose on the inflation front.
Or IP. I worked for a company making specialised, patent protected equipment, best in its field bar none, essential to the running of, for example, your aircraft carriers but with multiple other high volume applications. We had American warehousing and sales offices. All that will now cost you another 10%, 20% for similar situations from the EU, and we wouldn’t be setting up a factory in the US because, if for no other reason, the stainless steel is only made in Finland which would then attract a 20% tariff!
Tariffs. Great theatre in the hands of Trump, but be careful of the unintended consequences.
I don’t know how far these drones can travel but people don’t look up. This injured Russian soilder just happened to be laying on his back when a operator of a drone dropped a grenade on him but he threw it before it exploded.
A slow down was in effect way before the tarriffs due to inflation getting out of hand and still is. Trump’s not looking at immediate hand to mouth games that run out with the money but the end of free rides with tarriffs that been ripping us off for years. But just like they used Covid to bury the debt crisis or perhaps the insurance policy to stop the angry citizens when they find out the swamp bankrupted the countries or this time using war. Lol
Remember the initial reason for buying silver is tied to the economy and industrial value and except for a global minority who see the barter value. What level it follows gold it looks like can depend on the economic health or GDP of each country with many countries are having a political issue with right now which them affects other country’s.
Perhaps though the Fed may have some effect on it if they go into reversing the interest rates to lower. Gold on the other hand is a insurance policy of theses issues, and more.
With all going on in the paper market with its manipulation, some wanting things to go faster than norm including the natural inclination to selling into highs expecting to buy back at lower level where there is a imminent concern going on who want to hold on, who’s gonna trust that as a safe haven.
Looks like a global slowdown is coming…..
Dog
I think the dangerous thing is that if the UK and Germany and France get involved in a shooting war with the Russians in Ukraine. Then maybe the US could get dragged in … but you are right, their militaries are very weak and even with a build up they won’t have much for years. Putin won’t be waiting for years, by then all of Ukraine will be his.
I think you’re right about Trump and Putin, they are on the same page and if Trump is smart then the US won’t get involved in a wider war.
Sure seems like the deep state wants a big war. Madmen!
Hey maybe we can make Germany and France the 51st and 52nd states! ![]()
They are definitely trying to dampen interest in the sector hoping the investing public continues to give it a pass in spite of escalating earnings.
They have the magic money machines, and they use them every day.
Ironic, no?
Re Dogs of war and Gold
The only serious wars can take place between Russia, China and the US…..plus India……no-one else has the armed forces….Unless Xi goes at Taiwan, I can’t see Russia and the US, they are just starting to sort out the problems and both Putin and Trump talk the same language…..
IMHO Gold is moving because it will get revalued …I listened to Musk talking about how seriously they are taking the debt problem…these are serious business men, they know they have a chance to sort it out, but cannot wait …they are deadly serious…revalueing Gold will be major step, to solving the problem….why else is only Gold really moving, Ag, Pall and Plat are dead in the water, the ratio’s are going worse and worse…..Gold is the one…..other will follow, kicking and screaming….
Whatever they are doing is working. We’ve seen this long enough to know that extended pauses in the shares, don’t bode well for the metals. HUI 360 should not be that big of a deal. Can’t even speak of the juniors that are performing like gold is $1600 and silver $20.
Earnings will start to roll in next week and should be stellar, but if the metals aren’t moving forward, the shares will get hit regardless of earnings.
They are holding both the shares and silver down in order to keep gold contained.
More physical went out the door yesterday.
Gold Futures Volume & Open Interest – CME Group
They are bleeding gold right now but they have silver contained with the threat(s) associated with liquidity concerns.
It’s a mind game being aided by algos/machines.
I just don’t see how silver does not break higher to at least $37, but if it doesn’t before stocks continue crashing, it’s conceivable they smash it down to the cost of production again.
I don’t see that happening because the Dow/Gold Ratio has reached an intermediate support level, which should bolster stocks for a few weeks at a minimum.
DIA:GLD | SharpCharts | StockCharts.com
In this time, you would think silver can blowoff a bit up into the $40 area – maybe a bit better – but who knows.
I can guarantee you DOGE will never be looking into any of the market(s) watchdogs.
I can guarantee you that.
You buy the shares, they go into your brokers account, BlackRock has a deal with your broker to rent/lease/borrow your shares from your broker so they can short the shares you just bought and they are not naked short because they borrowed your shares to be able to legally short them so they never have to cover….so the share value goes no place while the physical goes through the roof, and you sit there scratching your heads and wondering why? Heads they win and tails you lose.
IMO this whole stock market has become a rigged Casino since BlackRock and Derivatives have figured out how to “legally” rig it. Better get physical in your hand while you can. All just the opinion of Silverngold! FWIWBWTHDIK!
Amazing to think that we are at record highs in gold and many of the shares just aren’t reflecting it. Who’d have thought of it 10 years ago.
It is disconcerting if it’s anticipating war. Problem is, in the 25 years I’ve been around watching, war has never been good for gold.
Maybe this is the war to end all wars. If the western financial system is about to collapse, what will replace it?
I’m with you brother. The shares suck today for no reason I can see. Silver is looking to bust back through $34. The dollar is weak. Rates are flat now that the SM has come back. I hate the way the HUI chart looks, flattening out with what looks like a slow rolling top, just waiting for the metals to tank. But nothing compares to how shitty these juniors are acting. Just effing ridiculous.
I watched Eloro jump from $.60 up to $1.10 or so in a just a few days. Now it’s back at $.60 – no volume or sign of life.
Same thing with NAK, jumps from $.75 to $1.30, now back at $.94 and headed right back to $.75.
THM same thing $.47 to $.80, now headed back to $.47
Dolly Varden did the same thing a few months ago on great drill results.
These guys just screw with the juniors, always dropping bids lower and finding sellers. Complete B.S. They’ve done nothing during this entire bull run in the metals.
The Dogs of War are Howling for Gold
Bob Moriarty
Archives
Apr 2, 2025
The recent record high price for gold tells us war approaches. The roll-over for the stock market and cryptocurrencies tells us the debt based Western Financial system is in the process of crashing.
At times the price for gold acts like a thermometer for geopolitical events. Gold says we are going to war.
http://www.321gold.com/editorials/moriarty/moriarty040225.html
I’m gettin pretty tired of following the SM into the pits.
Maybe we’re at the point where a weak SM helps us?
maddog also put up a chart of the GDX the other day that showed the obvious sell manipulation of the shares at the open. Everything with pm’s is about creating doubt and destroying confidence in this little market.
TF Metals Report
@TFMetals
·
20h
Another massive downward adjustment to expected Q1 GDP.
Even when you factor out the gold import effect, Atlanta Fed now projects Q1 at -1.7%.
Yes, you read that correctly.
at least with our shares. Kinda sucks because we love to go down with it.
Despite that good news? Rates continue to fall and the dollar slipping a bit as well.
Probably fair to say the SM correction is full steam ahead
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https://ceo.ca/@accesswire/kalo-gold-announces-c2-million-non-brokered-private
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Lavras Gold Corp. Intersects 1.2 g/t Gold Over 251 Metres at Fazenda do Posto Gold Target, LDS Project, Southern Brazil
https://ceo.ca/@newsfile/lavras-gold-corp-intersects-12-gt-gold-over-251
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INTEGRA ANNOUNCES SUBMISSION OF REVISED DELAMAR MINE PLAN OF OPERATIONS AND APPOINTS U.S. AIR FORCE LIEUTENANT GENERAL (RET.) LEONARD KOSINSKI AS BOARD ADVISOR
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Trilogy Metals Reports First Quarter Fiscal 2025 Financial Results
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Collective Mining Announces an Expanded Drill Program Following the Closing of its C$63.4 Million Financing
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Sitka Gold Announces $10 Million Bought Deal Financing
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i-80 Gold Files Technical Reports for its Cove, Ruby Hill, Granite Creek and Lone Tree Properties
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CSE Bulletin: Suspension – Green River Gold Corp. (CCR)
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Inflection Resources Completes Share Issuance to AngloGold Ashanti
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AGNICO EAGLE ANNOUNCES INVESTMENT IN RUPERT RESOURCES LTD.
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Endeavour Silver Increases Previously Announced Bought Deal Financing to US$45 Million
https://ceo.ca/@GlobeNewswire/endeavour-silver-increases-previously-announced-bought
Precipitate’s Latest Trench Sampling Yields 7.2 g/t Gold over 2.0m, Further Expanding the CN Zone at the Juan de Herrera Project, Dominican Republic
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Canuc Closes Private Placement Tranche
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North Bay Resources Announces Discovery of Mass Tonnage Gold Deposit up to 149m (489 feet) Grading 0.95 g/t Au, Fran Gold Project, British Columbia
https://ceo.ca/@GlobeNewswire/north-bay-resources-announces-discovery-of-mass-tonnage
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https://ceo.ca/@newsfile/esgold-advances-subsurface-imaging-at-montauban-as
Leocor Mining Updates Investment In Intrepid Metals
https://ceo.ca/@thenewswire/leocor-mining-updates-investment-in-intrepid-metals
Ashley Gold Corp. Further Consolidates Burnthut Project
https://ceo.ca/@thenewswire/ashley-gold-corp-further-consolidates-burnthut-project
Emperor Commences Maiden Mineral Resource Estimate for Duquesne West Gold Project
https://ceo.ca/@newsfile/emperor-commences-maiden-mineral-resource-estimate
NOVAGOLD Files First Quarter 2025 Report with Strong Treasury to Advance Donlin Gold Activities for Long-Term Value Creation
https://ceo.ca/@GlobeNewswire/novagold-files-first-quarter-2025-report-with-strong
Gold Reserve Announces Objections to CITGO Bid Recommendation
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Eric Sprott Announces Changes to Holdings in New Age Metals Inc
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Sasquatch Resources Executes Agreement to Acquire Mineral Claim on Quadra Island
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Gold Hunter Resources Targets Aggressive 2025 Exploration at Near-Surface High-Grade Great Northern Gold Project in Newfoundland, and Expands Global Market Presence
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OUTCROP SILVER INTERCEPTS 7.18 METRES AT 358 GRAMS PER TONNE SILVER EQUIVALENT AT LOS MANGOS
https://ceo.ca/@newswire/outcrop-silver-intercepts-718-metres-at-358-grams
His estimate with gold top not quite done yet. Headed for recession then commodities to the moon.