Loading ...getting spanked – especially palladium. Dragging silver with them?
When you find yourself in a hole …
Swedish Prime Minister Says Integration Has Failed After Migrant Riots
Sweden’s failure to properly integrate large numbers of migrants has led to the creation of parallel societies and gang violence, according to left-wing Swedish Prime Minister Magdalena Andersson.
QQQ’s just had a pm moment
dropped a couple bucks in about 10 seconds.
Unfortunately it’s dragging our shares with it.
People’s Republic Of China First? Very Amusing
China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers with domestic alternatives within two years, marking one of Beijing’s most aggressive efforts so far to eradicate key overseas technology from within its most sensitive organs.
Staff were asked after the week-long May break to turn in foreign PCs for local alternatives that run on operating software developed domestically, people familiar with the plan said. The exercise, which was mandated by central government authorities, is likely to eventually replace at least 50 million PCs on a central-government level alone, they said, asking to remain anonymous discussing a sensitive matter.
Labrador Gold Intersects 54.17 G/T Au Over 0.95m at the Big Vein Target
https://finance.yahoo.com/news/labrador-gold-intersects-54-17-120000428.html
Opawica Commences Maiden 5,000m Drill Program at Arrowhead
https://finance.yahoo.com/news/opawica-commences-maiden-5-000m-184000433.html
GALIANO GOLD REPORTS Q1 2022 FINANCIAL AND OPERATING RESULTS
https://finance.yahoo.com/news/galiano-gold-reports-q1-2022-232900677.html
McEwen Mining Announces Senior Management Changes
https://finance.yahoo.com/news/mcewen-mining-announces-senior-management-121900275.html
Brixton Metals Signs Definitive Agreement for its Atlin Goldfields Project with Pacific Bay Minerals Ltd
https://ceo.ca/@nasdaq/brixton-metals-signs-definitive-agreement-for-its-atlin
ST. JAMES GOLD CORP. OBTAINS INITIAL POSITIVE RESULTS FROM INDUCED POLARIZATION SURVEY ON QUINN LAKE PROPERTY ADJACENT TO MARATHON’S VALENTINE GOLD PROJECT BEING ADVANCE TO PRODUCTION IN NEWFOUNDLAND, CANADA
https://ceo.ca/@nasdaq/st-james-gold-corp-obtains-initial-positive-results
South Atlantic Gold Updates Phase II Exploration Program: Trenching Program Completed and Mineralization Extends Throughout Pedra Branca Trend
https://ceo.ca/@thenewswire/south-atlantic-gold-updates-phase-ii-exploration-program
Sprott Announces First Quarter 2022 Results
https://ceo.ca/@nasdaq/sprott-announces-first-quarter-2022-results
Sparton Reports Positive IP Survey Results at Oakes Gold Project
https://ceo.ca/@nasdaq/sparton-reports-positive-ip-survey-resultsat-oakes
Trading with the SM
probably the best we’re going to get today and that’s not very promising at the moment.
USD has rallied back and is now up yet again. Silver sitting on support. Kinda scary.
Jobs Report Friday
Well in about 10 minutes we get the jobs report.
I’d have to think that the SM needs a weak report to keep rates in check, but who knows how this will shakeout.
Update: 438K jobs reported, I don’t know what the estimates were but I have to think this is around expectations. Gold and Silver up a little, USD taking a breather, as are rates.
Extremists Unite!
Biden says those who oppose him are “extremists”. So with an approval rating of only 39% (and falling) for Biden, that means 61% of Americans are “extremists”. Yet in politics, 61% is called a “Majority”. So the Dumbocrats are obviously afraid that the ‘extremist majority’ is coming for them. This election will be interesting… if it happens before nuclear war… or happens at all.
How stupid would this be! Dollar suicidal. The Saudi’s could just tell us to stick it where the sun don’t shine and the petro-dollar goes out the window.
US Senate Passes NOPEC Antritrust Bill, Paving Way For Biden To Sue OPEC
Maya
“extremists”
We’re one step from terrorists!
The Beatings Will Continue…
…until the dollar system, and the banks that support it, collapse. Then you better have your physical ‘in hand’.
Here’s the scariest headline of the day: Psaki Says Biden Will Continue To Call Americans Who Do Not Support Him “Extremists”
https://www.zerohedge.com/political/watch-psaki-says-biden-will-continue-call-americans-who-do-not-support-him-extremists
Sounds like “If you’re not with us, you’re against us!” So all us deplorables are now elevated to ‘Extremists’! Old Slo-Joe says: “MAGA is the most extreme political organization” in US history” That senile old man is dangerous.
Thanks MetalsGuy
I heard that the Ruble has strengthened against the USD, but I don’t know how to track it. If they back the Ruble shouldn’t it be a lot higher than the USD? Makes me wonder…
I see Bitcoin took a 10% bath today.
Tough day
Now that we got our post Fed ass whipping out of the way, I think tomorrow we start going higher. SLV holding it’s support just barely.
The bond market seems to be in trouble to me and rates could really spike IMHO
The USD continues its tear. Something not quite right with that move either. Is that the Fed mopping up some excess liquidity and somehow creating demand for USD’s? That doesn’t make sense either.
Buygold @ 14:48
Seems that a few countries are paying Russia in rubles for energy as the ruble is even higher now than before the war.
Perhaps some of its strength is the belief that the ruble will be backed by gold and perhaps other commodities.
Then there is the factor that Russia is winning the war.
Both Russia and China probably own a lot more gold than they admit to.
RNO Re: Can anyone explain….I’ve been doing that for years but it has fallen on deaf ears.
ETF’s were created by the major banks and brokerages to fool investors into putting their money into these ETF’s, thinking they were investing in the companies these ETF’s “TRACK”, but in actual fact IMO investors are giving these banks and brokerages total control of all the markets. Dig through their Charters and you will see these ETF’s are all just unregulated DERIVATIVES who’s only obligation is to report the value of the sector portfolio they TRACK, but IMO they (the banks and brokers) all work together and are just a giant slush fund that is being used to control all the markets!
I think I’ll opt out
Apple, Google and Microsoft agree to support password-free sign-ins that instead use fingerprints, or face scans to ‘make web more secure for all’
We’re having a sucky day
but man, the SM is in a world of hurt. They might be hoping for a weak jobs report tomorrow to stem the rise in rates.
This is the action that should’ve happened yesterday and continued today.
Silver is just not acting well. Tough to see where we are if silver goes nowhere.
BTW – anyone have any new info on how the Russian decision to back their currency with gold is coming. I know there were a few countries paying in Rubles and China trades with them somehow, but anything new?
redneckokie1
Can anyone explain etc
Tdys action is meant to get that reaction…..the Bonds have shat all over the joint and knocked the stuffing out of the SM…and that means no way can the PM’s rally…the scum hit them and then the Algo’s have gone tick for tick with the SM all day.
I thought today was gonna be epic……instead I am sitting here waiting till it is an acceptable time to get a large glass of red !!!!
USDX
Usdx index is in some serious resistance on the 20 year monthly continuation chart. Maybe we get a break soon.
RNO
“Can anybody explain these markets?”
LOL Yeah they suck! 