buygold,
i went back and checked. the uptrend started mid may. i edited my previous post to reflect this.
Treefrog
I haven’t watched Shanghai for awhile since they started dropping their premiums as silver fell. I think that’s a good sign.
Looks like the breach of $60 has triggered some short covering – as it should.
The PM market is acting surprisingly normal today so far. Really odd.
I want my $150 silver!🤣
$60 silver !!
is it just me, or has anyone else noticed that the shanghai silver premium (shanghai physical price over western spot futures) has been creeping up over
the last few months? …from just under 10% in mid may to just over 12% now
Some decent gains if we can hold em.’
GDX gapped right above the 20 day, hopefully it can take a run at the 50 day about $4 higher.
Would be encouraging if we could close silver back above $60 on the week.
I always get so hopeful before they rip the rug right out from under me. 🙂
Is it possible
That some of the strength in the shares is in anticipation of earnings? NEM kicks off tomorrow after the close.
Course, that wouldn’t explain any metals strength.
Noticed we didn’t get the usual 9 am selloff today. That’s odd.
… and Hamas is financed by **** Laying down must not work
Visegrád 24
@visegrad24
Hamas was preparing a series of terrorist attacks in Europe to mark the anniversary of the October 7 attack on Israel
After arrests in Germany, Denmark, the UK, Austria, Greece, and Cyprus, investigators uncovered a widespread network.
Many members hold European citizenship, have large bank accounts, and links to organized crime.
Weapons caches were discovered, including 13 pistols, a Kalashnikov rifle, and over 900 rounds of ammunition. Preparations reportedly began as early as 2019.
During searches, video recordings were found containing confessions about preparing one of the attacks. Four Hamas members in Germany have already been sentenced.
Maddog 2:28
Yike
ferret
yeah, not sure how you hold down a live chicken and eat it. I eat them after they’re dead and bled as well.😉
That is a weird passage from the Quran. I’ve never read it, so don’t know much about it.
Maddog
Looks like GDX will tap the 20 ema today, we got stuffed there last time. Hopefully we can bust up through it this time.
Hopes and dreams.
Morning maddog
Thanks for the charts. Let’s hope that continues.
We were really moving up earlier, but have since given back half the gains in gold and 2/3rds of the gains in silver.
Oil has jumped above $86 and the SM futures have gotten weak. Dollar and rates are flat.
Will be very interesting to see if we can hold some gains in a down SM today. Would be a huge development if we did. We are getting close to selling season for the SM, August can be rocky setting up Sept/Oct. If so this year, we’re going to find out what our metals are made of.
Buygold ….why are we up
Looks like 65 week Av’s are holding and we have a double bottom on daily Gold chart