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Hopefully
we can rid ourselves of the first hour sellers that arrive nearly every day and get to the business of moving higher.
Everything is a little squishy right now. Silver shares seem to be outperforming.
Maddog @ 9:36
Seemingly good timing for them. Now they can unload their other Turkish property …
OSINTtechnical
@Osinttechnical
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39m
Periscope footage of a US Navy Submarine torpedoing the Iranian Frigate Dena off the coast of Sri Lanka.
The Mk. 48 Torpedo’s 650 pound warhead can be seen detonating under the Iranian Frigate’s stern.
Ipsofacto
Mkt likes that SSRM news….maybe it’s because they are selling up……
Mojtaba Khamenei new supreme leader
Countdown is running …
Call me paranoid but I don’t think Turkey is the best place to have a mine. I think this is a good move.
SSR Mining Announces Binding Agreement to Sell Its Ownership in the Çöpler Mine for $1.5 Billion in Cash
DENVER–(BUSINESS WIRE)– SSR Mining Inc. (Nasdaq/TSX: SSRM) (“SSR Mining” or the “Company”) announces that it has entered into a binding memorandum of understanding to sell its 80% ownership stake in the Çöpler mine and related properties in Türkiye (collectively, “Çöpler”) for $1.5 billion (the “Purchase Price”) in cash (the “Transaction”). The entire $1.5 billion cash consideration is payable on the Transaction’s closing. Çöpler is being acquired by Cengiz Holding A.S. (“Cengiz Holding”), one of Türkiye’s largest industrial companies with operations spanning copper, gold and aluminum mining and processing, as well as major interests in construction, energy, metallurgy and the chemicals and fertilizer industries. The Transaction excludes SSR Mining’s interest in the Hod Maden development project.
Morning maddog
let’s hope that’s how it works out, we get a “V” shaped recovery. The shares aren’t recovering as much just yet, but I suppose if the metals hold, they’ll catch up.
Dollar has paused, so that can’t hurt. Rates still moving up though.
Bitcoin is running again and has had a couple of good days.
Some times TA can predict the possible future
XLE is the ETF of the major Oil Co’s…..here we can see a clear break out from a clear bull flag, which swings to a poss count of 73 plus, a gain from last night of nearly 30 %….by the way recent lows to that 73 target is a double in a matter of weeks….something very bullish for them is going on
If the Iran war was going to end badly, then the Big Oil Co’s while doing well, would not be about to double….however if they get to revive Iran’s infrastructure and pump plenty of that energy, they will make out like gang busters.
Here is XLO the explorer ETF….note the clear Inverted Head & Shoulders targeting 302 a near double from current 155..
Buygold
That we have bounced well, so soon after ystdy, is a v positive sign….maybe this is not a C wave…..or not one that drops like a brick.
Shanghai didn’t back down
that’s a switch. Yesterday their PM fix was $96, today they closed it at $95.46 – so they’re not seeing a discount in physical, while over here the paper kings tried to give silver away for $80. Course they don’t have any to sell for that, but it looks better. What a joke our markets are.
Anyhoo, we’re trying to bounce here overnight as the dollar flattens, with silver up $3 and gold up $82. Pretty nice bounce if we can hold or build on it.
The pm shares will take some time to repair. As always, stairs up, elevator down.
It’s a start from yesterday’s brutality.
