Loading ...Never has cause the rig…
Another tell that an Int. Bottom is in formation = m
Richard 640 post @ 15:59. Laughable.
HUI=TODAYS HIGH=210.28—-AT 3:52PM–LAST TRADE=201.59=I REST MY CASE! AND….
To repeat=Gold and silver as an asset class are dead!
The dollar is DOWN .264 & has been down all the live long day…
@Maddog re Strange Situations. Maybe The Summer Doldrums?
I was looking at lots of charts of the regular popular crap and everything is down about 30%-50% more and less. The Bonds like cash have been getting buyers since mid June driving rates lower. Ten year bond 3.48% to 2.78%. Maybe its people running to cash after selling the regular stuff.
Lets not forget, the Feds original fear was deflation, thats why they carpet bombed money all over the globe. So its possible their pumping is only gave them an inflation blip, and they’ll be fighting deflation again. But the bottom line problem is a unstable, fundamentally flawed currency and financial system.
Plus, I’m still seeing “Buy one get one free” at the supermarket. Only the Meats are in uptrends.
Bonds climbing means rates dropping.
https://finviz.com/futures_charts.ashx?t=BONDS&p=d1
Oil dropping since mid June.
https://finviz.com/futures_charts.ashx?t=ENERGY&p=d1
Grains dropping.
https://finviz.com/futures_charts.ashx?t=GRAINS&p=d1
Softs dropping.
Here comes the SM about to self levitate
as all those drooling bargain hunters pile in,,,,aka scum buy hell out of it.
NEM was the tell
it’s like a bloody great neon sign….saying don’t worry …..we’ll knock it all back down before the end of the week!!!!!!!
Ororeef
If the west had treated Russia with respect and not like an enemy then Russia wouldn’t need to reach East for friends. I think it’s a mistake for them to cozy up to China as well.
GDX goes negative….where have we seen this crap before.
As far as the Bots are concerned…..just another rally to short into……and then forget to borrow any shares to deliver, while the SEC forgets to ask, where are the shares.
Just another bent day on Fall st.
Mr. Copper Unveils US Dollar Split: $20 Old US Dollars in Exchange For $1 New US Dollar
This is important because the US Dollar has shrunk in value so far, that $1 is equal to two hamburger rolls, and or 4 slices of white bread. So it no longer makes sense to have 4 slices of bread divided into 100 pieces or a penny as the smallest denomination.
The new Penny will be worth 20 cents, the new Nickel will be worth $1, (postage stamp) the new Dime will be worth $2 (for a cup of coffee) The new Quarter will be worth $5 (for a gallon of gas) The Half Dollar coins .50 cents will be worth $10 (a meat ball hero).
This way all the annoying pocket change will have great value and circulate, rather than end up useless in jars and cans, and naturally a $1 bill will buy $20 dollars worth of something. The new $100 bill will be worth $2,000 each, (1950 Chevy was $1,000 new) and $200 new dollars $4,000 will buy a new expensive $80,000 car.
Stock splits often attract buyers, because they are starting with a lower more affordable price per share. A US Dollar split would have to be done at 2:00 AM on a Sunday. Also all bank accounts checking accounts, brokerage accounts and prices at the deli and car dealership will have to be divided by 20.
Mark my words, this will happen some day. Things that have to happen, happen. I knew in 1970 that the police should be using SUVs, look how many years it took. I knew in the 1960s a right turn on red is harmless, we had to wait until the 1970s for that. Some day the slicing machine for ham at the deli will have a built in scale where the meat falls.
ipso facto @ 10:24 on July 22, 2022
What happens when Russian Strong Currency gets in bed with China’s Collapsing currency ..Its like getting in bed with a Chinese whore ..you wake up with disease .Bad move Puttie ! You sleep with Dogs ,you wake up with Fleas..Chinese proverb hehe.
Great Panther Mining unveils 1-for-10 reverse stock split
Great Panther Mining (NYSE:GPL) said on Monday it will consolidate its common shares on the basis of one post-consolidation share for every 10 pre-consolidation shares.
The company currently has 471,164,174 shares issued and outstanding; upon completion of the consolidation, it will have ~10% of the current share total.
Great Panther (GPL) said the move will allow it to comply with the minimum price listing standard of the NYSE American exchange and maintain its listing.
The company expected to begin trading on a post-consolidation basis on the NYSE American and Toronto stock exchanges on or about July 25.
While production is expected to rise sharply in H2, Great Panther (GPL) “will still have some of the weakest margins sector-wide, making it much higher risk than its junior producer peers,” Taylor Dart writes in an analysis posted on Seeking Alpha.
https://seekingalpha.com/news/3855856-great-panther-mining-unveils-10-for-1-reverse-stock-split
Royal Canadian Mint Dumped 4-6 Million Ounces of Gold into River -theres NO LIMIT to the Stupidity of the Canadian Government !
Bob Moriarty
Archives
Jul 21, 2022
Between 1908 and 1956 estimates of gold losses from the processing of 225 million ounces of gold by the RCM amount to just over 4 million ounces. Processing from 1956 to 1975 might add another 2 million ounces. The mint dumped gold and silver waste into the Ottawa River until 1975 when it was made illegal.
ipso facto
Re The shares
It has to be a combo of manipulation, that causes them to stink and that in turn keeps punters away.
I see a favourite short is up 25 % tdy….GPL
Sitting on NEM again
they just toy with it to bring the ETF’s down
Silver is the other pain in the ass.
Bought
some GROY ..a gold Royalty Co
Gee I’d sure like to buy some Chinese gov bonds …
Nervous markets. Foreign outflows from Chinese government bonds hit a record in June, the fifth straight month of selling. Bets against the currency are gathering pace. Prices on junk dollar debt are on the brink of an all-time low. 4/10https://t.co/hdAD10X711
— Sofia Horta e Costa (@SofiaHCBBG) July 22, 2022
Maddog
PM shares sure shy on the upside. Is it manipulation or is it just that so many people have been burned for so long that they’ve gone to greener pastures?
Still I’m looking forward to the turn!
Caledonia Mining to buy one of Zimbabwe’s largest gold projects
Caledonia Mining Corporation (LON: CMCL) is set to be the new owner of one of Zimbabwe’s biggest gold mining projects after agreeing to acquire Bilboes Gold Limited, owner of the namesake gold project, in a $53 million shares deal, plus a royalty on revenues.
The transaction could more than double Caledonia’s annual production, potentially making it Zimbabwe’s top gold miner. It would also help the company become a multi-asset mid-tier producer.
Caledonia Mining to buy one of Zimbabwe’s largest gold projects
Mad Bots are useing this PM rally to pile onto Long Gold…. Short shares
That and the scum leaning on the shares…..that is the only explanation I can see, as to why PM shares are so weak.
A positive development
Breakthrough Ukraine Grain Export Deal Being Finalized & Signed: Turkey
Turkey has announced that Russia and Ukraine are on the cusp of signing a deal that would allow for the resumption of crucial grain exports from Ukrainian ports, after days of intense negotiations in Istanbul. Expected to be signed Friday, details have yet to emerge, but The New York Times is reporting that Ukraine may have compromised on a key demand regarding demining its ports.
Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Gold Standard Security Holders Vote for the Proposed Transaction With Orla
https://finance.yahoo.com/news/independent-proxy-advisory-firms-iss-213800839.html
Equinox Gold Celebrates 5 Million Ounces of Gold Produced from Mesquite Mine
https://finance.yahoo.com/news/equinox-gold-celebrates-5-million-111500063.html
Kuya Silver Announces Term Loan and Provides Corporate Update
https://ceo.ca/@newsfile/kuya-silver-announces-term-loan-and-provides-corporate
South Atlantic Gold Announces Memorandum of Understanding Signed with Ceara State, Brazil
https://ceo.ca/@thenewswire/south-atlantic-gold-announces-memorandum-of-understanding
Visionary Gold Corp. Announces Closing of Non-Brokered Private Placement
https://ceo.ca/@newsfile/visionary-gold-corp-announces-closing-of-non-brokered-5b706
Great Panther Announces Completion of Share Consolidation
https://ceo.ca/@newswire/great-panther-announces-completion-of-share-consolidation
The Democrats will do him in
Biden is no longer useful ,they will kill him one way or another,them blame it on Covid , Putin or Trump if they can imagine how to do that ..They will process the words until something sounds plausible…. The problem is ..then what? Take the Market down ..declare Marshall Law ? What to do about succession ..Cancel the next election ? Hang on to your GOD GUNS and AMMO.Praise the Lord and pass the ammunition !
NY Times Media Idiot Admits He Was Wrong About Trump Supporters
Amazing, the media getting practical instead of emotional? Are they getting embarrassed? Siding with stupidity?
part:
“What Trump’s supporters saw was a candidate whose entire being was a proudly raised middle finger at a self-satisfied elite that had produced a failing status quo,” he asserted.
“I was blind to this,” Stephens admitted. “I belonged to a social class that my friend Peggy Noonan called ‘the protected’,” he said and acknowledged his own financial luxuries.
Early look
USD up .5% – that didn’t take long. Gold up a little but silver down – never seen that before.
NEM a little frisky in the premarket.
If we get follow thru, it won’t really be follow thru because we didn’t really have a reversal yesterday. 🙂
