Loading ...GFI has been stinking up the place since the AUY acquisition is holding the indexes and ETF’s down, but given gold is down and the SM isn’t exactly ripping higher.
I’ll take it. Forgot that Powell opens his yap today, so odds are against a gold rally no matter what he says.
Hi Ipso
I have sat on SBB for a long time. Maybe the wait will pay off towards 2025 when they pour a bar.
SBB sits on the bench with a bunch of other “shouldn’t be so unloved” gold plays.
Patience, Patience, Patience.
MG
Shares in Sabina Gold & Silver (TSX: SBB; OTC: SGSVF) jumped almost 4% on Wednesday after the Canadian miner formally committed to building the C$610 million ($463m) Goose gold mine in Nunavut.
Construction at the site, located in the Back River gold district, is planned to fully start in 2023, with first gold production expected in 2025.
The Vancouver-based miner has already completed pre-development activities, while major equipment and materials required for construction have been either procured, delivered or are in transit, it said.
Scientists Have Recreated World’s Deadliest Flu Virus
Scientists in the U.S. and Canada have resurrected the Spanish flu virus through reverse genetics. Not surprisingly, the National Institutes of Health (NIH) and Dr. Anthony Fauci’s National Institute of Allergy and Infectious Diseases (NIAID) are involved
Snowline sure backed off and looks like a better deal now than before. As to where it goes from here … time to throw the bones!
Cheers
HECLA COMPLETES ACQUISITION OF ALEXCO RESOURCE CORP
https://finance.yahoo.com/news/hecla-completes-acquisition-alexco-corp-213000339.html
Gold Terra Announces Initial Mineral Resource Estimate: 109,000 Gold Ounces Indicated and 432,000 Gold Ounces Inferred on the Con Mine Option Property, NWT
https://finance.yahoo.com/news/gold-terra-announces-initial-mineral-132000360.html
Skeena Completes Robust Feasibility Study for Eskay Creek: After-Tax NPV (5%) of C$1.4B, 50% IRR and 1 Year Payback
https://finance.yahoo.com/news/skeena-completes-robust-feasibility-study-071500382.html
Wallbridge Commissions Updated Detour-Fenelon Gold Trend Resource Estimate and Commences Work on Preliminary Economic Assessment
https://finance.yahoo.com/news/wallbridge-commissions-updated-detour-fenelon-103000001.html
Amex Exploration Is UL ECOLOGO Certified for Mineral Exploration
https://finance.yahoo.com/news/amex-exploration-ul-ecologo-certified-103000545.html
Cabral Gold Drills 46.3m @ 2.2 g/t gold and 87.2m @ 1.3 g/t Gold at MG within the Cuiú Cuiú Gold District
https://finance.yahoo.com/news/cabral-gold-drills-46-3m-103000814.html
Reyna Silver Announces Drill Mobilization to Medicine Springs
https://finance.yahoo.com/news/reyna-silver-announces-drill-mobilization-110000146.html
Mako Mining Intersects 15.36 g/t Au and 16.0 g/t Ag over 6.7m Estimated True Width at Las Conchitas Central with Additional Intercepts at Las Conchitas North and South
https://finance.yahoo.com/news/mako-mining-intersects-15-36-110000878.html
Labrador Gold Announces 2.02 G/T Au Over 32 Metres at Big Vein the Longest Mineralized Intersection at Kingsway to Date
https://finance.yahoo.com/news/labrador-gold-announces-2-02-120000901.html
Equinox Gold Reports an Illegal Blockade and Suspension of Operations at its Los Filos Mine
https://finance.yahoo.com/news/equinox-gold-reports-illegal-blockade-093000189.html
Trailbreaker Resources Completes 2022 Exploration Program at Flagship Atsutla Gold Project
https://finance.yahoo.com/news/trailbreaker-resources-completes-2022-exploration-114500096.html
Kootenay Silver Drills 5,840 gpt Silver over 2.45 meters within 34.45 meters of 540 gpt Silver Columba High-Grade Silver Project, Mexico
https://finance.yahoo.com/news/kootenay-silver-drills-5-840-120000619.html
Nexus Gold Receives Final Court Approval For The Spinout Of Nexus Metals
https://ceo.ca/@thenewswire/nexus-gold-receives-final-court-approval-for-the-spinout
Westhaven Drills 30.58 Metres of 1.06 g/t Gold and 4.09 g/t Silver and 21.90 Metres of 1.84 g/t Gold and 4.79 g/t Silver at FMN Zone; Drills 6.00 Metres of 1.23 g/t Gold and 0.48 g/t Silver at Newly Discovered Zone at the Shovelnose Gold Property
https://ceo.ca/@globenewswire/westhaven-drills-3058-metres-of-106-gt-gold-and
NV Gold Corporation Announces Intended Plans for its 2022-2023 Exploration Program and the Commencement of Drilling at its Sandy Project
https://ceo.ca/@accesswire/nv-gold-corporation-announces-intended-plans-for-its
Gander Gold Defines New Targets at Mt. Peyton Adjacent to Moosehead Discovery
https://ceo.ca/@accesswire/gander-gold-defines-new-targets-at-mt-peyton-adjacent
Sarama Resources Drills 34m @ 1.65g/t Au in New Oxide Zone
https://ceo.ca/@accesswire/sarama-resources-drills-34m-165gt-au-in-new-oxide-d6324
Sun Summit Commences Expansion Drill Program at Buck Project Testing Multiple Near-Surface Targets
https://ceo.ca/@newsfile/sun-summit-commences-expansion-drill-program-at-buck
This is a good video. Short on time scroll past the small talk. Mark Moss has in depth info on where it’s started where it’s going and who’s involved. It started way back in 1971 when the boomers were coming of age and things been going down hill ever since. We also went off the gold standard. Keeping religion out of this less all of them not one and a strange mix but Klaus Schwab was a student of Henry Kissinger. Schwab a German, family had ties with the Nazis.
For the UK on another one I watched by someone else found that Prince Charles also belongs to the WEF.
There merging businesses and politics. We know what means.
One billion people stand to starve to death. You see how they’re interfering with farms inability to grow food or live stock.
There’s more..,
This is actually a good ZH article. Is Putin the only sane world leader?
“His theme, like in a number of prior major speeches, was Western elites’ inability to recognize the inevitable shift from a unipolar to multipolar world (literally the name for this year’s forum is “On the Path to a Multipolar World.”), or away from “the world order that benefits only them, forcing everyone to live under the rules, which they invented and which they regularly break and constantly change depending on the situation,” he said according to a state media translation.”
ECB hiking rates today likely .75. That will help their ailing economy…
I think we might get another decent day?
RIO and BHP bouncing a bit, up a buck each in premarket. I’m thinking they might have bottomed yesterday, at least for a bounce.
NEM was upgraded to a buy a couple of days ago by UBS, hence the very recent strength. Not bad, at least they didn’t reco it at $80. 50% off is apparently their limit.
Ipso – trying to look for a buy point for Snowline, but it might be right here? RSI got back to 50 or so but already looks like the selling might be over.
Nice little rally yesterday, but can we extend it into today?
I kind of think we need a rally that bounces at least another 10% or we might just be stuck here for a while.
USD flat, rates down a couple bips.
The Beige Book yesterday was far more dovish than they let on, and the Fed is yapping for higher interest rates is getting more intense, they are lying. I don’t think they’ll do 75 bps this month, methinks only .50
“These interventions only work for a few weeks but usually have a political motive. The dollar has run so far it should be about peaked even with interest rates going up.”
No question this is politically motivated. The uniparty in D.C. is likely calling on their Wall St. connects to intervene in the commodity markets, in particular oil to bring things down for the election.
I guess maybe the USD will die of exhaustion?
Deer79 – I think you are spot on. Oil is facing an unlimited amount fiat to take it down in the paper markets. What happens when it gets lower than Putin or the Saudi’s want and they refuse to honor the paper price?
Unfortunately, commodities cannot be traded with the USD as the price point, it’s far too corrupted.
I like his free content and the fact that he is not a polished script reader but says what he thinks. I also agree with his 3 minute peek at what’s coming and why.
Looking at some currency charts, it appears some governments are stepping in to defend their currencies. Oil is traded in US$ and the exchange rate is really wreaking havoc on gasoline and diesel prices in some countries. These interventions only work for a few weeks but usually have a political motive. The dollar has run so far it should be about peaked even with interest rates going up.
It seems cattle herds are still in the liquidation phase but recent rains have helped pastures considerably. There isn’t enough time for the grass to grow significantly, but herd liquidations will slow considerably until the farmers are forced to feed high dollar hay.
Pay attention to the worldwide economies. Most wars start because of financial and food stress.
Wheat prices have become extremely volatile while going nowhere.
Covid is a non event in Oklahoma. Masked are only required in government buildings now.
You have to show your shot record before you can go to work.
The sociopaths have free reign.
This really boggles my mind when I see people voting for people that not only make living unaffordable, violent crime running amuck , cause them to lose their jobs or take mandatory jab that don’t work even if recovered, and sickening and killing people while these sociopaths who voted they don’t have to take it , want people to vote for them to keep there’s to cause them more pain. Did they ever find the cause of the mysterious virus?
Just amazing,
Is Justin getting a dime per jab? Talk about lining the pockets of big pharma!
The Biden administration hopes to make getting a COVID-19 booster as routine as going in for the yearly flu shot.
That’s at the heart of its campaign to sell the newly authorized shot to an American public that has widely rejected COVID-19 boosters since they first became available last fall.
Shots of the updated boosters, specifically designed by Pfizer and Moderna to respond to the omicron strain, could begin within days. U.S. health advisers recommended today that most Americans get the modified doses and the Centers for Disease Control and Prevention is expected to adopt those recommendations. The U.S. government has already begun shipping some of the 170 million shots it purchased and is emphasizing that everyone will have free access to the booster.
White House COVID-19 coordinator Dr. Ashish Jha said this latest round of shots will offer protection during the busy cold and flu season, with the hope of transitioning people to get the vaccine yearly. Typically, at least half of U.S. adults get a flu shot.
“We expect them to provide more durable protection over time,” Jha said in an interview Wednesday with The Associated Press. “The goal very much is to get to a point where people get their COVID shot on a regular basis, the way they do their flu shot.”
Let me know if this link doesn’t work
Canada’s “leaders” have ordered 384 MILLION Covid “vaccines”; more than enough for the next 10 jabbs for each man, woman, and child in Canada!
In this episode of the Liberty Dispatch, Matty and Andrew are joined by Dr. Mike Thiessen for a Firing Squad about Canada’s continued vaccine insanity, and the boys look at the WEF working with the CBC to gaslight Canadians, as well as our governments plan to re-up COVID quarantine facilities.
IMHO, there’s no sane reason why oil should be going down ( unless it’s 60 days out from the midterms……).
Here’s one traders take:
Elevated volatility is the story here,” said Rebecca Babin, a senior energy trader at CIBC Private Wealth Management.
“There is no way to have conviction and want to place bets when the market trades in huge ranges with limited liquidity. The risk reward is just not there.”
Perhaps the government just doesn’t care if they lose or make money trading oil (or any other commodity for that matter). I just think they realize that big volatile moves takes some traders out of the picture, and it’s easier for them to take it where they want it to go….
maybe nobody wanted to spook this little rally we’ve got going?
That’s my theory anyway.
Nice to see some green today.
We own the page!!!!
Not sure that’s a good thing though.
down 5%
Why would that be? NYMEX games in the paper arena? OR are they bailing out or crushing some long and making them puke.
Would be a nice little gift to the Demonrats if the can get gas in the $2 range.
Really good day today. No question rates and the USD rule pm’s and we’re getting a nice break with what I think is some pretty strong buying/short covering.
Ipso – Hope SilverChartist is on the mark.
