Loading ...Good to see that holding up so far.
They closed it right on the button yesterday.
Just seems like it ought to be able to get to most recent highs before tanking. I don’t know.
Maddog
Not helpful for the situation in ole Blighty. Has to be a pushback soon!
Lawyer joke:
If you lined up all the lawyers in the world how far would they reach?
As far as the next guys pocket! 
If the globalists are setting us up for a downdraft in the markets…..
from Clive Maund……..
What about the argument and the fear that the stock market is going to crash and take down the PM sector with it? This is an argument that keeps replaying like one of those old 78 rpm records that is set to replay endlessly. It doesn’t look like it’s going to happen. Here’s why – roughly 90% of the stock market is now owned by the wealthiest 1 to 2% of the population who have the most political power and ability to exert influence. The system is therefore organized to protect their interests and the way it works is that the Fed creates new money in ever increasing amounts to backstop the increasingly fragile debt market to stop it imploding and in this manner protect the stock market. The new money eventually feeds through into higher inflation so that the middle and lower classes end up footing the bill for it all. This is why we are headed for hyperinflation, because perpetuation of the current system best serves the interests of the ruling class for as long as possible.
ipso facto
Re last post…tks for reminding me !!!!!!
Shakespeare had it right….”lets start by killing all the lawyers”
Nice pop in gold right after the hot inflation news came out
Not the usual …
Yeah maddog
Silver actually up? Definitely the last thing I would have expected.
Hope it continues and you’re right, the shorts are getting out of dodge.
It always seems to be long days and sustaining a move all day is a challenge. Got my fingers crossed though. ?
Bit by Bit
“How can you go to a bank and not be able to get your own money out?”
As part of the globalist agenda to roll out CBDCs, Australian banks are refusing to allow customers to make cash withdrawals.
Coming to the rest of the world soon
Drill Results from Columba Project Chihuahua, Mexico: Highs to 1,455 gpt Silver and 2.99% Lead-Zinc
https://ceo.ca/@newswire/drill-results-from-columba-project-chihuahua-mexico
OUTCROP SILVER EXTENDS HIGH-GRADE VEIN SYSTEM FOOTPRINT TO MORE THAN 500 METRES WITH STEP-OUT DRILLING ALONG STRIKE AT LA YE VEIN SYSTEM
https://ceo.ca/@newswire/outcrop-silver-extends-high-grade-vein-system-footprint
TomaGold Announces 2025 Exploration Campaign Plans for Its Chibougamau Camp Projects
https://ceo.ca/@businesswire/tomagold-announces-2025-exploration-campaign-plans
Eminent Closes Acquisition of Celts Project in Nevada
https://ceo.ca/@GlobeNewswire/eminent-closes-acquisition-of-celts-project-in-nevada
Kalo Gold Unveils High-Potential Epithermal Gold System at Vatu Aurum Project, Fiji, With Geological and Geochemical Signatures Comparable to Major Pacific Rim Gold Deposits
https://ceo.ca/@accesswire/kalo-gold-unveils-high-potential-epithermal-gold-system
Great Eagle Gold Corp. Announces Definitive Agreement to Acquire Patented Mineral Rights Titles Containing NI 43-101 Inferred Gold Resources
https://ceo.ca/@newsfile/great-eagle-gold-corp-announces-definitive-agreement
Denarius Metals Announces the Launch of a Non-Brokered Private Placement of Units for up to CA$4,480,000
https://ceo.ca/@newsfile/denarius-metals-announces-the-launch-of-a-non-brokered
ABRASILVER ANNOUNCES CLOSING OF $28.5 MILLION PRIVATE PLACEMENT, COMPLETING TOTAL $58.5 MILLION IN FINANCINGS
https://ceo.ca/@newswire/abrasilver-announces-closing-of-285-million-private
First Mining Confirms Mineralization Expansion Opportunity within Existing Springpole Gold Project Pit Design at its East Extension Target
https://ceo.ca/@newswire/first-mining-confirms-mineralization-expansion-opportunity
Xali Gold Announces Excellent Recoveries from KCA Drill Program at El Oro, Mexico
https://ceo.ca/@GlobeNewswire/xali-gold-announces-excellent-recoveries-from-kca-drill
Halcones Precious Metals Announces Additional Outcrop Chip Channel Sample Results Extending Mineralized Footprint to the South at Polaris Gold Project, Antofagasta Region Chile
https://ceo.ca/@GlobeNewswire/halcones-precious-metals-announces-additional-outcrop
Kodiak Confirms Potential of MPD Northwest Claims and Adds Further Strategic Claims; New Focus Area for 2025
https://ceo.ca/@newsfile/kodiak-confirms-potential-of-mpd-northwest-claims-and
Barrick Delivers Strong Year-End Performance While Advancing Key Growth Projects
https://ceo.ca/@GlobeNewswire/barrick-delivers-strong-year-end-performance-while
Apollo Silver Outlines 2025 Calico Work Program and Progress at Cinco de Mayo
https://ceo.ca/@GlobeNewswire/apollo-silver-outlines-2025-calico-work-program-and
Barrick Reports Share Repurchases and Declares Q4 Dividend
https://ceo.ca/@GlobeNewswire/barrick-reports-share-repurchases-and-declares-q4-dividend
OROCO PRIVATE PLACEMENT OVERSUBSCRIBED
https://ceo.ca/@GlobeNewswire/oroco-private-placement-oversubscribed
Forge Resources Formalizes Acquisition of 60% Interest in Aion Mining Corp
https://ceo.ca/@newsfile/forge-resources-formalizes-acquisition-of-60-interest
JZR Gold Enters into Loan Agreement
https://ceo.ca/@thenewswire/jzr-gold-enters-into-loan-agreement
Green Bay Copper-Gold Project, Canada – Six-rig drilling blitz returns outstanding results of more than 12% CuEq
https://ceo.ca/@newswire/green-bay-copper-gold-project-canada-six-rig-drilling
Zacatecas Designs Drill Plan for Silver Projects
https://ceo.ca/@GlobeNewswire/zacatecas-designs-drill-plan-for-silver-projects
McEwen Mining Completes Upsized $110 Million Offering of Convertible Senior Unsecured Notes
https://ceo.ca/@GlobeNewswire/mcewen-mining-completesupsized-110-million-offering
SILVERCORP REPORTS ADJUSTED NET INCOME OF $22.0 MILLION, $0.10 PER SHARE, AND CASH FLOW FROM OPERATIONS OF $44.8 MILLION FOR Q3 FISCAL 2025
https://ceo.ca/@newswire/silvercorp-reports-adjusted-net-income-of-220-million
Trigon Metals Announces Revised Terms for Sale of its Interest in the Kombat Mine and Private Placement
https://ceo.ca/@businesswire/trigon-metals-announces-revised-terms-for-sale-of-its
SilverCrest Metals Receives Court Approval for Arrangement with Coeur Mining
https://ceo.ca/@newswire/silvercrest-metals-receives-court-approval-for-arrangement
Black Mammoth Metals to Drill Rast and Cottonwood Targets at Callaghan Gold District in Nevada
https://ceo.ca/@newswire/black-mammoth-metals-to-drill-rast-and-cottonwood-targets
P2 Gold Makes Final Payment for Acquisition of Gold-Copper Gabbs Project
https://ceo.ca/@newswire/p2-gold-makes-final-payment-for-acquisition-of-gold-copper
IMPACT Silver Intersects 597 g/t Silver over 2.77m and 1,460 g/t Silver over 0.55m on Kena Discovery at Guadalupe Mine
https://ceo.ca/@newsfile/impact-silver-intersects-597-gt-silver-over-277m
C3 Metals and Freeport Execute Earn-In Agreement for Up To US$75 Million on Bellas Gate Project, Jamaica
https://ceo.ca/@newsfile/c3-metals-and-freeport-execute-earn-in-agreement-for
Newcore Gold Announces Upsize of Private Placement Financing to $15 Million
https://ceo.ca/@GlobeNewswire/newcore-gold-announces-upsize-of-private-placement-df65e
Fairchild Gold Acquires 72 Claims From Koba Resources Adjacent to Its Copper Chief Property at Goodsprings, Nevada
https://ceo.ca/@accesswire/fairchild-gold-acquires-72-claims-from-koba-resources
Sorrento Resources Announces Soil and Rock Sampling Results from Copper-Gold Lord Baron Project, Newfoundland
https://ceo.ca/@newsfile/sorrento-resources-announces-soil-and-rock-sampling
Ximen Mining Corp Unravels Key Control on Gold Mineralization at Its 100% Owned Brett Epithermal Gold Project – Vernon BC
https://ceo.ca/@newsfile/ximen-mining-corp-unravels-key-control-on-gold-mineralization
Opus One Gold Corp Initiates a 7,000 Meter Drilling Program On Its Zone 1 Gold Discovery, 100% Owned Noyell Project, South of Matagami, Quebec
https://ceo.ca/@GlobeNewswire/opus-one-gold-corp-initiates-a-7000-meter-drilling
Assays on Duquesne West Property Continue to Support Open Pit Potential
https://ceo.ca/@GlobeNewswire/assays-on-duquesne-west-property-continue-to-support
Eric Sprott Announces Changes to Holdings in Summa Silver Corp.
https://ceo.ca/@newsfile/eric-sprott-announces-changes-to-holdings-in-summa
Aftermath Silver Reports More Surface High Grade Silver and Copper Results
https://ceo.ca/@newsfile/aftermath-silver-reports-more-surface-high-grade-silver
Sarama Completes Issue of Shares for Debt and ASX Cleansing Notice
https://ceo.ca/@accesswire/sarama-completes-issue-of-shares-for-debt-and-asx-cleansing-5b4da
Emperor Metals Reports Impressive 2024 Assay Results, Unlocking Significant Gold Potential at Duquesne West
https://ceo.ca/@newsfile/emperor-metals-reports-impressive-2024-assay-results
Orestone Acquires Large Oxide Gold Stock-Work System in Salta Province, Argentina
https://ceo.ca/@newsfile/orestone-acquires-large-oxide-gold-stock-work-system
Opawica Explorations Announces Drill Program as Remarkable Geology Supports 20,000 Meters Drilling
https://ceo.ca/@thenewswire/opawica-explorations-announces-drill-program-as-remarkable
Stillwater Announces Closing of Flow-Through Private Placement for the Kluane Critical Minerals Project in Yukon, Canada
https://ceo.ca/@accesswire/stillwater-announces-closing-of-flow-through-private
Dynacor Updates on African and Latin American Expansion Plans
https://ceo.ca/@businesswire/dynacor-updates-on-african-and-latin-american-expansion
Morning maddog
Yes. I went over some charts and gold could easily drop to $2700 or so and the HUI is pretty overbought as well. Silver to a much lesser extent. Course none of these are as overbought as we’ve seen the SM be for months on end, but definitely ripe for a wicked correction as is the pm standard.
We had Powell yesterday and have the CPI today. CPI may be unruly as it will be more honest numbers from the gov’t. agencies who hate Trump. In fact, it would not surprise me at all if they made them worse than they actually are – because of Trump.
Looks like Barrick came out with earnings this am, the shares are reacting favorably, most likely because of a $1 Billion buyback.
AEM is out tomorrow after the close.
Earnings should be better for everyone, but not as good as they should be this quarter. I guess we’ll have to see if the shares are forward looking.
Sng. Mr Copper
Sng I want to share that song. That’s a good one.
Mr Copper I hope you can understand what I wrote. Just the first one. Then I opened my window and a cold front and got a cramp in my leg that would not go away couldn’t even answer the door so forget the rest. CMT doesn’t like sudden cold.
What numbers did that theory use?
With Powell all over the place with interest rates it would be hard to average out the last 20 yrs but in that 20 yrs things got way out of wack and that probably didn’t even occur to him either.
Pull this ahead to minute 15 and watch/listen to Mike Adam’s new song. There’s Nothing More Disgusting Than A Globalist.
Mike’s got Talent!
https://www.brighteon.com/0434932b-f1be-4aec-b76c-7470edfa8213
Buygold
Do I think we correct…..it has to happen at some point, even in a non rigged mkt and any run beyond 5 weeks is stretching things.
One down week would set us up for another run….
Mr Copper
Shesh someone’s at the door. They owe us money and a tax rebate too.
I did it again didn’t finish. 40 cubed
Multiplied by itself 3 times anyway is 320.
I can’t remember how to write it the short way don’t use that math just for it in my head so it’s 320 40.times 2+ 80 time 2- 160 times 2
So simple every 20 years prices double. Supposed to be the general rule.
Mr Copper
Sorry I’m back.
Okay so let round it to 60 years. Wow 60 years ago now.
60 divided by 20 is 3
3 times 40 is 120. We’re way over inflated baby. Lol
Actually it 160 sorry side tract can write cubed.
Mr Copper
That would depend on a interest rate remaining constant wouldn’t it At what interest rate are you doing.
The rule of 72 say of interest rates stays constant at 3.6 would give you a doubling every 20 yrs is the general rule That would make the doubling of the house starting at 40k since 69 a different number.
72 divided by 3.6
Maddog, Mr. Copper
Maddog – are you thinking we’re going to correct then? All the selling today was on light volume.
Mr. Copper – interesting metric. I’ve also seen the amount of currency in circulation as being a measure of how the POG should be calculated.
Mr Copper
Before 1970 the dollar had more purchasing power. Can’t expect business to pay everyone these crooks in Washington rip us off. They need to be held responsible and some need to be hung on one of Wankas lampposts. Everytime they raise wages guess what happens with these vultures like housing, rentals included. So do they and want to take it for themselves.
Re Inflation, Most Things Cost Twenty Times More, Some Less, Some More
When we were allowed to own Gold, it was $140/oz, times 20? It should be $2800/oz these days. Silver? It was about $1/oz so today at $32/oz is ahead of the curve already. That would explain is sluggish action.
My new 1969 Camaro was $2840, and my brothers brand new 6pack Hemi Cuda was $2800, my friend Geno’s 1967 Corvette, loaded with a 427 cu inch three carbs was $4508. So, 2800 times 20 $56,000 for a new Camaro. The $4500 Corvette times 20 would be $90,000 today for a corvette.
Houses? They were $40,000 times 20 is $800,000. Gasoline? It was about .25 cents, times 20? it should be $5 a gallon. Property taxes also keep up with inflation because there are two workers living there.
Why Does Everybody Want Costs To Come Down Because Of Inflation?
Everybody should demand that the Minimum wage simply keep up inflation, the way things were done before 1970. After which tptb stopped that. So now everybody wants affordable homes, affordable medical insurance etc etc. How about affordable jobs instead?
The whole nation gradually got bankrupted after 1970, too many imports, not enough business profits all leading to lower than needed wages hence the US gov’t can’t bring in enough income to pay its bills and keeps using its credit line which is around $34 trillion.
I had this argument with a friend, that was complaining about for example the “big money” Cops and Teachers make about $175k a year. I told him, they are in unions and simply making what they need to live after taxes. do you want them to make less like everyone else? By the way, when we were just starting out, we made the same money in machine shops and factories as cops and teachers.
I knew back around 1974, we were going downhill economically, and I knew, that if the minimum wage did not keep up with inflation, there would be problems in the future, and now we are in that future.
My grandfather unskilled labor had eight kids and his wife did not work. My fater had five kids and wife didn’t work. I had two kids and wife didn’t work. Add it up, how much would a person need today, to have eight kids and your wife not working. If you make $200,000 today maybe take home $175,000? Thats about $3365 a week, that means you could afford $3365 a month for rent.
Buygold
States are concerned about both general inflation and housing cost that have skyrocketed. Arizona senator asked when are housing cost going down. Powell told him he can’t control that, it’s demand. Arizona said that interest in loans are 6 % of these inflated housing costs. When are interest rates going down. Paul said that will drive costs up. Arizona said it will free up the buying and selling and maybe help lower costs. Powell said nothing basically. Powell didn’t mind leaving the interest rates to nothing while housing was skyrocketing and wall street buying up property’s or him buying mortgaged backed securities.
Things can change but doesn’t look like Powell is interested in lowering interest rates even after all the damage his low forever interest rates.
One really interesting thing he said or responded to. A senator asked him when is the ink gonna run out. He asked to clarify. What happened when no one wants to buy the treasures. He said that never occured to him. Seriously! Sounded a bit careless to me.