$79.xx print a few (brief) times this morning.
hmmmmm…….
@ Buygold; Ipso; Deer RE: your comments regarding PM miners
- “Expectations that the metals are going to decline?” … Check – the Scum’s ‘Mission is Accomplished’
- “Increasing dividends would help” … Absolutely!! That’s why miners don’t do it
- “What can mining companies do to market themselves better?” … They don’t want to.
- “Why is this happening?” … PM Retail Investors have no Champion to promote their cause (maybe Rob McEwen?; Eric Sprott?)
The Fiat Money Pushers recognize the threat that PMs pose to their power. IMO the Miners answer to them. Retail investors would do well to ask themselves: whose interests does this company serve—the bankers’ or the retail shareholders?
Mark Twain’s cautioned that “A Gold Mine is a Hole in the Ground with a Liar Standing at the Top”
Ignoring that for the moment, the truth is this – in a perfect world a proven Gold Mine is the absolute SAFEST “Vault” there can possibly be!
There is no way to steal the metal without expending enormous time & effort.
A legitimate PM mine paying out a livable dividend would/should be one of the best investments possible.
The usual drift lower
While everything else continues on its merry way.
We’re definitely not “there” yet.
deer79
That’s true there has been a low valuation problem with the miners. Is it because of expectations that the metals are going to decline? That expectation is slowly being quashed I would think. I’d like to hear what Tavi has to say about that as well.
Cheers
PS Maybe some healthy increasing dividends would help … The miners could certainly afford to pay more!
ipso
Ravi Costa ( and others) have been banging the drum pretty loudly now ( regarding miners having such high margins) for quite some time. And this has been persisting for quite some time.
What I’d like to see is Tavi Costa ( and some of the other mining seers) ask the question: “why is this happening?” “What can mining companies do to market themselves better?”
Crickets about that I guess…..
Already this morning, GDX and many of the miners are being capped and are creeping lower…..We’ve certainly been “conditioned” to believe that these patterns we’ve seen for so long are “Normal.” More propaganda at its finest!
It would be something
if we could avoid the usual drift lower all day after a morning pop. Usually, we’ve already taken a pretty good hit by now, not so much so far today yet, although the HUI is 12 points off the high.
The dollar isn’t as weak as I would’ve thought. Hoping that it weakens as the day goes by, but doesn’t look like it will, ticking up now.
Naturally, neither the DOW or Nasdaq has dipped at all. Just pm’s.
Tavi Costa
Otavio (Tavi) Costa
@TaviCosta
Better businesses at lower prices.
One of the biggest mistakes investors make is allowing price action to dictate their view of fundamentals rather than the other way around.
Even after the recent pullback in metal prices, miners continue to generate margins that would have seemed extraordinary just a few years ago.
Yet many of these companies are trading as if the economics of the business have materially deteriorated.
They haven’t.
Shares love silver above $70
Scum is probably going to have to fix that.
Had a dream a few nights ago, I looked at Kitco and silver was up $7.88. Not today, but it could happen ya know.
Shorts in all markets except oil really getting caught offside today. Ouch.
Doesn’t leave much … it’s a back door method for demolishing online anonymity
Politics UK
@PolitlcsUK
🚨 NEW: Under-16s in the UK will be banned from the following 10 social media apps
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Future Problems
News.Az
@news_az
·
5h
🇺🇸🇮🇱Israel’s Defense Minister Katz says the IDF will not withdraw from security zones in Lebanon, Syria, or Gaza despite the US-Iran ceasefire deal.
Netanyahu made this clear directly to Trump.
Anyone like these numbers?
Wall Street Mav
@WallStreetMav
·
11h
There are 193 countries in the world. 177 of them receive US taxpayer money from Congress.
177 of 193
Elon is not the problem.
Congress is wasting our money.
We have $39 trillion in debt and a $2 trillion annual budget deficit.
Our foreign aid budget should be $0.00
Gonna be a big bounce if we can keep it
Shares up 6-9% in premarket.
Dollar not down all that much, rates down 3 bips, oil down at the $80 mark threatening to break below.
Ferrett
They need to go after these people giving them residency too.
Ferret
Yeah don’t blame you for wanting to get these murderous scum these other country’s threw out in your back yard or here out. But first they need to close the borders and go from there. If they can’t assimilate or follow the law thinking they can make their own rules or do whatever they want they need to go. Currently the supreme Court is working on that per Trump’s request. Can they deny citizenship to someone born here who’s parents came in illegally or temporarily. Many come to have a kid here just to get in. They should never be allowed residency under those circumstances. China had birthing centers here. They’d come here have the baby then go back with plans to come back later when the baby is grown.
If you had a constitution you would not be arrested for discussing the problems online and able to arm yourself. These crooked you know what’s causing this don’t fear their citizens and expect them to just shut up and comply while they let these criminal migrants in until they outnumber the citizens. Mob rule. They probably figure it will die down in a few days anyways. These kids are dying for nothing. These criminals not only don’t belong there but nothing is being done about it. Get these bums out of office and relocate them while your at it.
goldie, they don’t stop you being stabbed in the face or neck
The youth who killed three five year olds was born in Wales, of African parents. The guy who stabbed a girl in Burnley was born in England of Pakistani parents. The culture is either taught or inherited, either way the repatriation has to include british born people. That is going to be difficult legislation. Can you imagine the constitutional issues in the USA about compulsory ‘repatriation’ of american born citizens? Fortunately the UK doesn’t have a constitution.
Anyway, your solution is abhorrent. We want the expectation to be able to walk the streets at 3:00 a.m. without fear. Let alone at 3:00 p.m.! Without wearing body armour, carrying bear spray etc. etc.
California after more guns again.
AB 1127: Licensed firearm dealers must cease the sale of certain semiautomatic pistols, most notably Glock-style handguns, that this bill re-classifies as “machinegun-convertible pistols,” due to a specific trigger mechanism that can be easily converted into an automatic weapon.
Ferrett
In the states there’s are bullet proof vests even some back packs for students.
The UK and EU need stab proof. Here’s some jackets and vests
Their timing may not be quite right
Mark
@Mark4XX
·
14h
GOLD AND SILVER FACE SHORT-TERM PRESSURE BEFORE MASSIVE UPSIDE
Veteran commodities strategist Jeff Currie and Dario, host of the JustDario Cigar podcast,have both mapped out the same clear divergence. Short-term weakness in gold and silver looks likely even if peace talks advance, driven by specific selling flows and the oil situation. Yet the medium- and long-term forces are aligning for immense upside through tighter physical supply and monetary expansion.
THE SHORT-TERM WEAKNESS FACTORS
➡️ Turkey’s central bank is selling gold reserves to defend the lira amid a deepening monetary crisis.
➡️ India is offloading gold to secure dollars for oil imports while the rupee weakens under high energy costs.
➡️ Retail investors in Japan and Korea are rotating out of precious metals into stocks showing stronger recent performance.
➡️ Relief rallies remain largely speculative bets on a fast resolution to the oil crisis rather than broad fundamental demand.
THE MEDIUM-TERM PHYSICAL SUPPLY TIGHTENING
➡️ Higher energy prices will sharply raise mining and refining costs for both gold and silver.
➡️ Silver production, mostly a byproduct of other metals, will face reduced output as energy-intensive operations squeeze margins.
➡️ Miners will need materially higher prices simply to cover elevated costs and keep supply flowing.
➡️ This setup repeats the pattern seen after the 1970s oil crisis, when precious metals prices surged once supply constraints fully emerged.
THE LONG-TERM MONETARY AND DEMAND DRIVERS
➡️ Producer price inflation above 6 percent will eventually pass through to consumers as companies protect their margins.
➡️ Central banks will continue providing ample liquidity to support massive global debt loads and avoid systemic stress.
➡️ Chronic silver deficits near 150 million ounces per year collide with rising industrial demand from EVs, solar, and electronics that cannot be recycled economically at current prices.
➡️ As Jeff Currie highlights, the dedollarization story is still early, with massive upside for gold once monetary conditions turn supportive.
THE BOTTOM LINE
Peace deal or not, short-term downside pressure on gold and silver is probable until the oil crisis stabilizes and immediate selling pressures ease. The combination of physical supply constraints, persistent inflation, and structural monetary growth creates one of the strongest long-term setups in decades.
The same forces that propelled precious metals higher after the 1970s oil shocks are aligning again today from an even stronger base.
Ferrett
Iran was a lot better place before UK putting radicals in and causing more radicals. Now Isreal up to similar but makes it more obvious. We should not be involved any of in this. They always start S and then try to use us as big brothers. It needs to stop.
As far as UK the only ones that can stop that insane government is the people.Like a violent domestic or hostage situation they should not be warned or consider the risks. They can’t be civil about it, they already tried that for years. There government has gone rogue and is the enemy within. They need to get together along with any military and throw them out.
They left Iran worse off and turned radical trying to steal their oil back in the 50s.
The UK and the US put Mohammad Reza Pahlavi (the Shah) in power in Iran during a joint covert coup in August 1953 (known as Operation Ajax/Operation Boot). [1, 2]
The operation involved British intelligence (MI6) and the CIA using propaganda, bribery, and orchestrated protests to topple Mosaddegh’s government and reinstate the Shah as the country’s absolute monarch. The Shah then ruled with the backing of the West until he was overthrown in the 1979 Islamic Revolution.
“These are such uncertain times”
Yeah.
All of a sudden, “jus’ like tha'” as Tommy Cooper would have said, the Strait is open, all ships are commanded to start their engines and the oil will flow. Stocks, gold and crypto fly, oil falls immediately and Iran promises missiles will fall tonight.
TACO Tuesday anyone?
Ipso, aufever
Ipso – concur on all
aufever – I think he had to oversell it. The real test will be if we assist Israel should Iran start firing missiles tonight as they are threatening. I kind of think for this to be serious he has to tell Israel they are on their own. Probably will get him killed though.
Nice jump tonight if we can hold it. Would be nice if we bottomed on Thursday and gold can start focusing on the economic wreckage again. These are such uncertain times.
ferrett
If the Brits had access to firearms (in general) then maybe it would have already started. How amazing is it that the Brit politicians are assisting the invasion. They have no fear. Maybe they think that they’ll just hop on a jet to Switzerland if the worst comes.
Maybe not a holocaust but they need a giant scooper to scoop these people back to their own lands!
This is one area Trump definitely got right.
I’m out for a bit
goldie, ipso, can you see how this leads to holocausts?
Pressure is building in the UK, with two more migrant stabbings yesterday, one died, one in hospital, totally unprovoked. Add to the Northern Irish one last week. The ongoing pakistanis grooming gangs. On a national level the pressure is building.
And the jews are getting up everybodies noses everywhere too, playing the victim and demanding special treatment for security, taking land where the people are weak and bombing them where they are stronger. Shrugging off their responibilities. “The USS Liberty incident happened a long time ago. It is time we moved on.” Really? The WWII holocaust happened even longer ago. Time to move on, folks.