Loading ...No real numbers over here except consumer confidence. Shouldn’t be a big mover.
Oil is spiking though.
Been a wild week.
Slowly chipping away
Silver has lost 2/3 rds. of its overnight gains. Same with gold, although gold was never up all that much. Dollar popping and rates now up 5 bips.
Not really a surprise, we’ve had a heckuva run.
I’m thinking about sitting next week out. Hard to see upside around a Fed meeting. If they only cut a .25 pt. I don’t see how we won’t get whacked for a couple days. Then the dip buyers will come back with a vengeance.
Silver on the warpath
Up $.80 now, with gold up $10. Silver got as high as $42.50.
It’s a little bit of a surprise that we’re up at all, given that the dollar and rates are higher. Is someone having inventory problems with silver in London or on the Crimex? Surely the paper players are having some problem with their short paper.
PM shares are up again, but silver shares are ripping in the premarket. It’s awful early, and we’ve seen these spike moves in the overnight markets get reversed many times before, so I guess that’s a possibility. The RSI has been sitting on 70 for the last two weeks, but the chart looks to be breaking up and out of this short consolidation. We’ll see.
Oil reversed and is up near 1% but still just below $63. Bitcoin is flat, but must’ve had a decent move yesterday.
It appears that this truly is IT!!!!!
More on Gold /Silver ratio
First wave down, was corrected by a near perfect Fibonacci 61.8 % in 3 waves a-b-c…..ending the bear flag,…..An equal swing target points to 41 on the ratio from here ….which means if Gold goes nowhere Silver goes into the 80’s !!!!!….but Gold ain’t going nowhere….
$42 SILVER!
HELL YES !!
sng 16:48 I know what you mean.
Works for me.
@Wuff Wuff Re Silver
The chart looks like silver is above the 1980 high. But back in 1980 a $1,000 face value silver bag could buy a $35,000 house in my area. Today they are averaging $800,000 per house so a $1,000 silver bag (715 ozs) Silver would have to go to $1,119/oz to equal 1980’s $50/oz.
Mr Copper…gotta run and eat……
I use classic TA and Elliot Wave……and one of the huge drivers has been that massive saucer base Silver has going over 40 yrs……for that to work out….one can assume all PM’s will be in a huge bull mkt….
aufever @ 13:29 Making decisions is as easy as holding up two fingers and asking your Higher Power which one is right to do.
Then just do the one you were “told” is right to do! Except when I refused to do what I was “told”, my entire life has been Silverngold! Try it!
Wuff Wuff Thanks
I like to do comparisons like the chart below. I put it on five days you can see up 23% top performer, you can also see AG at 12% crossing lanes of traffic over four other miners from the bottom.
Three month view:
@ Maddog
Nice chart. No volume showing but volume made an all time daily high today at 43,084,552
Mr Copper
RE AG ..tks for the info…..the stock has built a lovely saucer base, while languishing.
Buygold
I know how you feel but in a physical position not to be able to do much about it. I figure there must be a reason for that. Your right about fighting fair when the criminals aren’t. Being attacked by criminals unprovoked a few times I learned that lesson the hard way. I can see how it can accelerate and will take advantage of you playing fair and took more extreme measures and almost killed a few of them to stop them like getting the floor wet and getting ready to set a live wire on it if they got in. Use what you got handy. God probably intervened because I was probably gonna electrocute myself in the process and they slipped and fell injuring themselves allowing me to escape. I did bid them goodby though. Bye Bye Now. By then your so in the fight your thinking darn it, you wanted to electrocute them. I didn’t own a gun to drive them off then.
These idiots are their own worst enemy. Some idiot said Charlie invited getting shot because although unfortunate people were killed by a gun the second amendment must stand. Does he drive a car. More people are killed and injured by cars. Should we get rid of them too? It’s not guns that change, it’s people. Then the live by the sword did by the sword claim. They don’t even understand what that means and won’t until that sob is shot or executed.
Make sure anything they do is in self defense for their sake. Were better off with them than without them.
@ Buygold yes FINALLY a nice break out with AG
That was my worst dog for years. Below news from three days ago.
If you have been watching First Majestic Silver (TSX:AG) lately, you are not alone. The company’s recent announcement of significant mineralization at its Los Gatos Silver Mine, combined with Q2 earnings beating expectations, has reignited interest for investors looking for exposure to precious metals. The upbeat drilling results suggest that First Majestic Silver could be poised to increase its resource base, aligning with growing hopes for operational expansion and future cash flow.
This flurry of news arrives after a year of shifting fortunes for First Majestic Silver’s share price. Momentum has picked up, with the stock climbing by 10% over the past 3 months and more than doubling in the past year, fueled by earnings surprises and renewed confidence in its asset base. Between resource growth potential at Los Gatos and ongoing drilling campaigns, investors have seen a narrative shift from defensive posturing to growth prospects.
https://finance.yahoo.com/news/look-first-majestic-silver-tsx-140525846.html
First Majestic finally busted
despite silver coming back in. $10 makes them attractive to a bunch of mutual funds now.
These shares have been unbelievable, OTOH, the metals just march higher and so should their earnings.
Goldie – yes
I agree with all that pretty much.
This is likely the final straw. I just saw a montage of liberals celebrating. It was disgusting, evil, demonic. More importantly, it cannot be allowed to stand without an overwhelming response. So, we are probably looking at a civil war of sorts.
My hope now is that teams of old vets are forming with the intent of taking out MSM personalities, liberal judges and corrupt politicians. I expect that less organized people will start to shoot up these protests the left is so fond of. It must happen.
At the Federal level, Trump and Co. have done us no favors by not making a single arrest of high-level actors of the Obama gang. FFS, even Bolton hasn’t been arrested. If they have no intention of taking the people out at their level, the best thing they can do for us is to just get the hell out of the way.
Conservatives, God fearing folks like myself, always play by the rules, our enemies play by their own rules. That ends now.
Tolerance is not an option. They must be crushed.
People who know this guy will recognize him
FBI Releases First Image Of ‘Person Of Interest’ In Kirk Assassination
Buygold 9:16
Thanks for the video. A lot of young people are really upset right now. They talk about how nice or good Charlie was to them and how they’re not gonna let these losers silence the truth.
It’s not vengeance it’s justice. Vengeance is in God’s hands after justice hands it over to him.
silverngold
I rarely watch videos as they are tedious and take too much time and are too long and spend too much time on ads and egos.
Posters rarely give any information what they are about. Even more rarely do i watch videos ‘in the blind’.
I do watch an occasioal video, but
I prefer to read.