Loading ...Surprisingly, We’re holding up pretty well, although there’s still 20 minutes left.
Buygold 10:59
Well if it doesn’t watch out.
Here’s the real test
The SM is giving up the goose. Can we hold gains with the SM down?
At some point we’ll have to.
Bitcoin continues it’s slide
Threatening to break below $87K. A little surprising given that almost everything else is in rally mode.
Rates have come back to flat, as has the dollar. Seems both may continue to slide for a while.
Shares are doing pretty well despite gold still being flat. Wondering if that test of yesterday’s bottom in gold will be good enough to launch us back into rally mode. Sure hope so, because we haven’t even had a real rally in these shares yet.
HUI back above 320
Hopefully it stays above. GLD finally sneaks positive.
Course they are squeezing the craps out of tech shorts, so it’s ok if we go up in that scenario.
We have to break free from the SM at some point.
Captain Hook
That $300 billion looks like total not increased defense spending? I don’t like the deficit spending much myself. I guess we’ll just have to see what the inflation rate is in a year or two.
Cheers
“The House’s plan would set up a massive reconciliation bill that would extend Trump’s 2017 tax cuts and implement new ones at a cost of $4.5 trillion. It would also allocate $300 billion for spending on defense and border security, would raise the debt ceiling by $4 trillion over two years, and add almost $3 trillion to the federal deficit over 10 years.”
PS This article says our total defense spending is about $900 billion. So I guess this $300 billion must be an increase.
https://en.wikipedia.org/wiki/List_of_countries_with_highest_military_expenditures
ipso facto @ 9:45
Hey ipso … guess how much they gave the commies?
$300 billion increased defense spending.
House Republicans advance plan for Trump’s legislative agenda in dramatic turnaround
So, all the insignificant cuts DOGE and da boyz are using to distract and obfuscate were wiped out by the international banker/neocons.
Who would have thought?
Chuckle
Maddog
Yeah, I’d like to see gold reverse completely and be up on the day, which it has yet to do. There are some positives in the shares, especially the silver shares – WPM just made a 52 week high for example, strength in the two dogs AG & EXK.
A lot of the damage of the last week has been to select large caps like NEM, KGC and the juniors, especially the sub $1 stocks.
We’ll see if gold can right the ship
Maddog @ 9:39
Seems to be a lot of people still voting for the left and I guess for more immigration. Could be either some fireworks there or the German people just lay down and become the minority in their own country. Sad and almost unbelievable situation.
I didn’t know that about Maggie. Kind of funny that the E. side votes AFD now!
Morning buygold
re reversal…..could be…A there is a huge buyer around…so why still try to smash it…very odd. B, as long as prices stay somewhere near here for Gold, the Mines will make out big time…so they should not fall apart as soon as Au drops 20 cents. !!!
How much did we give them?
DOGE has blocked a payment of $52 million to the World Economic Forum.
Morning deer79
I think they’re going to reverse this. Just a hunch based on how the shares are acting.
OTOH, don’t follow me, I’m lost! ?
ipsofacto
The Germans must be so pissed off……which if any of the clowns doing the pissing off, had a brain, would realise…..is not a smart thing to do….and if anyone says, well the place is different now, tks to all the gimmiegrants..they did create a solution last time, they had some unwanted guests. !!!!!
Interestingly Maggie was dead set against uniting Germany after the Wall came down……simply because of how powerfull and dangerous a united Germany could be !!!!
National Suicide
More Of The Same? Germany Resumes Inbound Afghan Flights After Legacy Parties Survive Election Scare
goldielocks @ 21:38
I’ll have mine refritos! Yuck!
War does pay …
… and in this case, it’s $1 Trillion so far of strategic commodities and rare earths.
Zelensky To Visit White House Friday To Sign Minerals Deal | ZeroHedge
Now that the US and Russia are going to be buddies, Putin will be able to get around hardliners, at least as it pertains to Ukraine for now, giving the commies a lasting beachhead in the region. The commies (international bankers) will use this obfuscation to work their way into the area, taking advantage of any and all opportunities possible to supplant Russian interests, with the goal of eventually colonizing the entire region – Russia included.
I wonder if the Russians know what Vlad is up to.
Cheers all
Another waterfall drop
…..to yesterday’s low………see what hapopens now…
US votes with Russia against the EU-Ukraine faction
Shock & Outrage Over ‘Shameful’ US Vote At The United Nations
https://www.zerohedge.com/political/shock-outrage-over-shameful-us-vote-united-nations
SM trying to bounce
Doesn’t look like we’ll benefit from that just yet. Dollar up, maybe that matters today. Rates too.
What looked to be the beginning of a big sell off in the SM seems to be more like just letting some air out. No real stampede toward the exits other than in the pm shares.
VR Resources Confirms PGE and Nickel-Copper Fertility at Empire Project in Northwest Ontario
https://ceo.ca/@GlobeNewswire/vr-resources-confirms-pge-and-nickel-copper-fertility
Kalo Gold Confirms Extensive Epithermal Gold System At Aurum Prime With 25 High-Priority Targets Identified
https://ceo.ca/@accesswire/kalo-gold-confirms-extensive-epithermal-gold-system
West Point Gold Resumes Maiden Resource Drill Program at Gold Chain and Appoints Conrad Nest as New Independent Director
https://ceo.ca/@newsfile/west-point-gold-resumes-maiden-resource-drill-program
Fury Gold Mines Limited to Acquire Quebec Precious Metals Corporation
https://ceo.ca/@accesswire/fury-gold-mines-limited-to-acquire-quebec-precious
Sun Summit Announces Inaugural Mineral Resource Estimate on the Buck Project, Central B.C.
https://ceo.ca/@newsfile/sun-summit-announces-inaugural-mineral-resource-estimate
1911 Gold Intersects up to 21.80 g/t Gold over 0.50 m within 6.46 g/t Au over 2.20 m in Drilling at True North
https://ceo.ca/@newswire/1911-gold-intersects-up-to-2180-gt-gold-over-050
Sprott Announces Year Ended 2024 Results
https://ceo.ca/@GlobeNewswire/sprott-announces-year-ended-2024-results
Rocky Shore Stakes Gold-Bearing Appleton Fault Corridor at Gold Anchor Project
https://ceo.ca/@GlobeNewswire/rocky-shore-stakes-gold-bearing-appleton-fault-corridor
Wallbridge Mining Provides Corporate Update
https://ceo.ca/@GlobeNewswire/wallbridge-mining-provides-corporate-update
Talisker Receives Positive Ore Sorting Results for the Bralorne Gold Project
https://ceo.ca/@GlobeNewswire/talisker-receives-positive-ore-sorting-resultsfor
Radisson Announces Additional Assay Results from 2024 Drill Program at O’Brien Including 8.36 g/t Gold over 15 Metres
https://ceo.ca/@newsfile/radisson-announces-additional-assay-results-from-2024
Liberty Gold Advances Black Pine Gold Project in Idaho with Submission of the Draft Mine Plan of Operations
https://ceo.ca/@GlobeNewswire/liberty-gold-advances-black-pine-gold-project-in-idaho
West Red Lake Gold Intersects 114.26 g/t Au over 10.6m, 77.90 g/t Au over 3m and 24.48 g/t Au over 8.5m at South Austin – Madsen Mine
https://ceo.ca/@GlobeNewswire/west-red-lake-gold-intersects-11426-gt-au-over-106m
SILVER ONE PROVIDES UPDATE ON METALLURGICAL TEST RESULTS USING INNOVATIVE SEPARATION AND LEACHING TECHNOLOGIES AT ITS CANDELARIA SILVER MINE, NEVADA
https://ceo.ca/@newswire/silver-one-provides-update-on-metallurgical-test-results
Bunker Hill Announces Amendment of Royalty Agreement with Sprott Streaming
https://ceo.ca/@GlobeNewswire/bunker-hill-announces-amendment-of-royalty-agreement
Renegade Gold Announces Appointment of John Newell as President and Strengthened Focus on Discovery in Red Lake
https://ceo.ca/@newsfile/renegade-gold-announces-appointment-of-john-newell
Red Sucker Lake First Nation Invites ONGold to Resume Exploration at Monument Bay Gold Project
https://ceo.ca/@newsfile/red-sucker-lake-first-nation-invites-ongold-to-resume
Fortitude Gold Reports 2024 Financial Results
https://ceo.ca/@accesswire/fortitude-gold-reports-2024-financial-results
Pinnacle Closes Non-Brokered Private Placement and Associated Acquisition of El Potrero Option
https://ceo.ca/@thenewswire/pinnacle-closes-non-brokered-private-placement-and
Range Announces Fourth Quarter 2024 Results and Three-Year Outlook
https://ceo.ca/@GlobeNewswire/range-announces-fourth-quarter-2024-results-and-three-year
Taranis Details Z-900/1300 and Underlying I-1 Intrusive Target Including 53m of Anomalous Gold
https://ceo.ca/@accesswire/taranis-details-z-9001300-and-underlying-i-1-intrusive
Southern Silver Closes Non-Brokered Private Placement
https://ceo.ca/@newsfile/southern-silver-closes-non-brokered-private-placement
Durango Assays As High As 3.9 gpt Gold, 3430 gpt (110 oz/t) Silver, 8.86% Zinc and 1% Copper from Samples at Babine South, BC
https://ceo.ca/@thenewswire/durango-assays-as-high-as-39-gpt-gold-3430-gpt-110
West Red Lake Gold Announces Closing of Upsized $20 Million Bought Deal Public Offering
https://ceo.ca/@GlobeNewswire/west-red-lake-gold-announces-closing-of-upsized-20
ETRUSCUS ANNOUNCES $1.25 MILLION PRIVATE PLACEMENT TO DRILL AT ZAPPA, A SIGNIFICANT PORPHYRY TARGET AT ROCK & ROLL
https://ceo.ca/@newswire/etruscus-announces-125-million-private-placement-e2fba
ESGold Announces DTC Eligibility, Enhancing Trading Accessibility and Liquidity in U.S. Markets
https://ceo.ca/@newsfile/esgold-announces-dtc-eligibility-enhancing-trading
Emperor Metals Unveils Bonanza-Grade Gold Discovery: 21.7m of 35.2 g/t Au, While Expanding Ounces by Testing Previously Unsampled Historical Core
https://ceo.ca/@newsfile/emperor-metals-unveils-bonanza-grade-gold-discovery
Ridgeline Minerals MT Survey Confirms High-Priority 2025 Drill Targets at the Selena CRD Project, Nevada
https://ceo.ca/@newsfile/ridgeline-minerals-mt-survey-confirms-high-priority
Signature Resources Announces Equity Financing
https://ceo.ca/@newsfile/signature-resources-announces-equity-financing
Wyoming Enacts Law to Establish Strategic Gold Reserve
https://ceo.ca/@accesswire/wyoming-enacts-law-to-establish-strategic-gold-reserve
Enduro Metals and Commander Resources Provide Update on Business Combination
https://ceo.ca/@newsfile/enduro-metals-and-commander-resources-provide-update-1ecba
SLV, QQQ, $HUI
Here’s a performance chart. SLV & HUI track perfectly. Looks like SLV tracks QQQ about 75-80% of the time but the correlation is not nearly as clear.
Anyone have a clue what’s next?
Yesterday was the first day we’ve seen a real downdraft in the metals. The HUI is down 20 points in the last 4 days, without a doubt forecasting yesterday’s move. Yet even with all the selling, gold still managed to hold $2900. Silver is simply impossible to predict, although it has dropped around $1.50 since reversing down from $33 and change over the same period. There are no support levels for silver that can’t be broken.
What are we looking at then? The shares have always tracked silver better than gold. Are the shares indicating that silver has more room to fall or vice versa? If the shares stop falling, does that mean silver has bottomed and will resume it slow ascent? (Very slow, BTW)
What a sector.
Ferrett
RFK already on the job.
The site keeps disappearing so I grabbed the link to the story.