Loading ...……and FWIW, NEM disclosed that Blackrock just took an 8.7% stake in NEM (97.6 million shares)
Mr.Copper
see my post …the Risk on rally is down to comments from Bessent….apparently…..we can look forward to all sorts of fake news in the future, as the globalists play games.
@Buygold re why is bit coin up today, found on ChatGPT
Bitcoin’s price has surged above $90,000 today, marking its highest level since early March 2025. Several key factors are contributing to this rally:Bitcoin News+6TradingView+6Investopedia+6
? Weakening U.S. Dollar
Recent political tensions have led to a decline in the U.S. dollar’s value. President Trump’s public criticism of Federal Reserve Chair Jerome Powell, including calls for his removal, has unsettled traditional markets. This uncertainty has prompted investors to seek alternative assets like Bitcoin and gold .DIE WELT+5Finger Lakes 1+5Finger Lakes 1+5
? Institutional Investment
Major financial institutions such as Fidelity, BlackRock, ARK Invest, and Bitwise have increased their Bitcoin holdings, signaling strong institutional confidence in the cryptocurrency’s long-term value. Notably, U.S. spot Bitcoin ETFs saw over $380 million in inflows on Monday, the most since January 30 .Finger Lakes 1Coinpedia Fintech News+2CoinDesk+2Finger Lakes 1+2
? Technical Momentum
Bitcoin is trading well above its 20-day and 50-day moving averages, often considered bullish momentum indicators. Analysts point to a “golden cross” pattern forming—when short-term averages cross above long-term ones—as a sign that Bitcoin could soon test the psychological $92,000 resistance level .Finger Lakes 1
? Market Sentiment
The Crypto Fear & Greed Index has moved into “Greed” territory for the first time since mid-March, reflecting rising confidence in the market. Altcoins like Ethereum and Solana are also seeing gains, and social media activity and search volume for “Bitcoin” and “buy BTC” are trending upward .Finger Lakes 1
As of April 22, 2025, Bitcoin is trading around $90,900, up approximately 4% in the past 24 hours. Analysts suggest that sustained institutional interest and macroeconomic factors could propel Bitcoin toward the $100,000 milestone .Finger Lakes 1+3Coinpedia Fintech News+3Finger Lakes 1+3Finger Lakes 1+1
Bitcoin ETF BITO | SharpCharts | StockCharts.com
Todays action maybe due to comments that Bessent, may or may not have said in a private JPM investor conference
It was leaked that Bessent said negotiations were likely soon with China ….but by Bloomberg, who will say anything to wreck Trump…..
Then Bessent gets accused of leaking mkt moving info and this is said
Seems we can no longer trust anything that the MSM says …especially if it involves the Trump admin…….
Mr. Copper
That would explain the strength in crypto today. Bitcoin and the others are ripping higher.
These shares act like gold and silver are collapsing, especially the silver shares. Such garbage.
FYI re Why Is Trump Media & Technology or DJT climbing lately
Comment:
I have been sitting on some shares and have noticed it climbing so I looked it up shown below.
Trump Media & Technology Group (NASDAQ: DJT) shares are up today following the company’s announcement of a partnership with Crypto.com to launch exchange-traded funds (ETFs). This collaboration aims to introduce ETFs focused on cryptocurrencies and “Made in America” stocks under the new Truth.Fi brand, with the first products expected to launch later this year .Yahoo Finance+5Yahoo Finance+5Fast Company+5Nasdaq
Investors have responded positively to this strategic move, viewing it as a diversification beyond Trump Media’s core social media platform, Truth Social. The stock’s surge reflects optimism about the company’s expansion into the financial products sector and its potential for future growth.
deer79
The majority of forecasts for NEM are for lower Income and earnings……but with Gold higher for the whole quarter…how does that make sense.
The power grid …
… will never be able to handle all the BS control state power efficiencies needed … so don’t be surprised if the commies cut your power off.
They don’t have enough base-load sources. And it would take years and funding they don’t have for central planners to pull such a feat off.
Their control state plans lay in the balance.
Make sure your states are protecting your power supply while it’s still available because it won’t be forever.
Don’t let the crazy commies burn it all off even faster.
They will never be happy with what they have.
They all belong in a looney-bin.
Chuckle
Deer79
Your guess is good as anybody’s. Trying to put the pieces together and hope it isn’t as bad as Hunter or others expect but I’m going to have to re listen or find the transcript since it’s faster of the chain of events Hunter mentioned about a time when industrial metals will fly. Since silver is also a industrial metal maybe that’s when silver will make its move to his first 75 target.
Maya
I messaged a female who had both hips done. She was in a bad accident where someone T-boned her and her husband. It came later after the initial accident and hip surgery failed do to necrosis. I also learned through her description although they were both knocked unconscious from impact and they woke up in a sonic parking lot still in their Truck with someone praying over them. All her husband’s fingers were dislocated. The position in the car as well as impact could tell you what to look for as far as injuries. For instance seatbelts across which shoulder. There’s another one. He must of held the steering wheel tight and on impact the steering wheel must have started spinning along with holding tight on impact. Perhaps he helped as far as throwing his body or head against something I don’t know. I asked her if they let her see the room when they took her in. She said no the room was dimmed and lights that were there made the surroundings hard to see.
Feels like
the scum are desperately trying to prevent Silver from busting loose, by jettisoning lots of paper Gold contracts here…..
Buygold
Exactly right! I mentioned this last week, but NEM earnings are out tomorrow….
Stock is holding up so far today…
Algo’s hit the sell button on the shares
too bad we don’t get the benefit of a rising SM like we do when it’s falling.
Pretty big reversal in gold from the overnight markets. Probably time for a pause.
How big is yet to be determined. Too bad it comes at a time when earnings start to come out for the big players.
adogsbody @ 18:33
Yes this move in gold is catching a lot of people flat footed because an event like what is unfolding right now has not been seen for 70 years.
This is a monetary event. That’s why silver is being excluded.
Silver will move higher once attention on the monetary event moves onto what they expect to be a period of stability and growth.
I expect this view to be naive and what will happen in the future is a period of commodity strength that sucks up most of new currency in the future (and bond sales) due to increased global demand and supply mismanagement.
We are at the same point in the larger cycle as the turn in 1929 to 1930 right now.
Stocks should be weaker than most expect near-term – then a grinding correction higher for six months or so (where commodities outperform) – followed by a 50 to 80% crash in stocks as rising prices and falling bonds ravage the ignorant.
Bond and bank failures are going to dominate the news next year – along with some possible geopolitical realignments that result.
I wrote about this in the previous decade as a result of being convinced of such an outcome that started by reading Schumacher – Small is Beautiful – Small is Beautiful Revisited 50 Years On – Schumacher Center for a New Economics – amonsgt other cycle/market related studies.
In Elloitt (EWT) terms – this is the culmination of the Grand Supercycle Degree event.
Cheers
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Don’t normally watch crypto other than Bitcoin
but checked out Etherium and it’s been cut more than in half. I think it got up around $3600 at one point.
Litecoin from I think $120, now $77
Interesting that of those sort of “big 4” names, that Bitcoin and to a lesser extent XRP have held most of their recent gains.
G & S slowly gaining ground again.
Rates inching back up as well.
Apparently $3500 & $33 will be defended
We’ve given up about half the gains from a couple hours ago in gold, and silver has fallen into negative territory.
Dollar rebounding a bit, oil strengthening, as are SM futures. Rates still flat.
PM shares up some in sympathy with the SM early on here but hard to see that lasting, even though gold is still up 1%.
Looks a bit like yesterday at this time
Gold up $68 and silver up $.17. Same script, let gold run, keep silver pinched.
Dollar is weaker, but not too bad. SM futures trying to bounce. Oil and Bitcoin up near 1%. Rates flat.
Gold just a few bucks from $3500. Amazing run in the last couple weeks.
Silver OTOH having trouble trying to break $33, only $.05 away right now, but having more trouble than it probably should be having.
The HUI chart is giving me pause. It’s flatlined the last 3-4 days at the 400 area and looks like it could break down soon if this continues another day or two. I guess that would either coincide with a break in gold, which would take silver down as well. HUI is near 30% above its 50 dma and doesn’t usually get more overbought than that. At least it hasn’t in the last 5 years.
I suppose a sharp move higher in silver along with a SM bounce could give the HUI a lift, I don’t know. Hard to bet on that happening though.
High tonight in gold is $3499.70.
Hunter 11 days ago
He has raised his gold target but can’t say yet because of his subscribers at that time and silver still 75 plus other targets.
Buygold
9-10k plus it could, Dave Hunter one month ago. Target currently 3400 or more .. up again end of year. A bust coming in the market then commodities will run. So far so good.