Gold acting like a champ
Doesn’t want to look back at old round numbers it has already passed. I love that we haven’t had any real round number battles since $2400. Just a steady march higher.
NEM largely responsible for most of the losses in the HUI. Does it have to rebuild or does it snap back?
Seems like an overreaction to me.
Faint hearts are running for the hills!
Multiple years of ass kickings will do that to you
Tucker Carlson Rocks!
https://x.com/BehizyTweets/status/1849222273045082314?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^1849222273045082314|twgr^b7e9db501e2f8c28848e8df55c496c40bee73f04|twcon^s1_&ref_url=https%3A%2F%2Fredstate.com%2Fbobhoge%2F2024%2F10%2F24%2Ftucker-carlson-absolutely-slams-it-out-of-the-park-with-epic-rant-against-kamala-creepy-liz-cheney-n2180993
Ipso, aurum
Ipso- yes, I see that it was aurum. AG at last count was sitting on about 700K oz. So they’ve played that well. With the smelting and coin making ability they’ll take advantage of the premiums. They look smart at the moment. Time will tell.
aurum – yes, sorry and thank you for the NEM numbers. Someone just looking for an opportunity to beat them down. They’ll bounce back I think.
Not sure of the methodology but doesn’t seem outlandish
$AG #FirstMajesticSilver is a leverage play on the price of Silver. Here is a plausible scenario I can see how $AG could respond to an increase to Silver.
*This is a hypothetical exercise*
*Do your own research and estimates*
*Not Investment Advice*
Buygold
“Tough game for the miners”
You got that right! Nice metals gain today and the shares look like crappola!
PS You might have been addressing aurum?
Buygold …all the NEM numbers u could want
seems all in cost was $ 1611…….and the Zacks consensus was 0.83 cents for EPS…so a miss of .02 and that gets a 7 % hammering……lamposts are far too quick….we need to get medieval on theses SoB’s….a week on the Rack, before a Rat helmet….should concentrate minds….!!!!!
https://www.zacks.com/stock/news/2356494/newmonts-earnings-miss-revenues-surpass-estimates-in-q3?cid=CS-MKTWTCH-HL-analyst_blog|earnings_article-2356494&mod=mw_quote_news
Ipso
Thanks for the numbers.
Tough game for those miners.
Hmmm…
Shares are sketchy to start, makes me wonder about the strength in the metals holding up.
The NEM earnings were a little strange. One of the mines under produced, but overall they increased production? Did I read that right?
If they over produced, why weren’t they able to beat estimates? Regardless, probably games by the analysts to undermine the sector. Either that or to pick up shares cheaper as they build their positions.
Palladium
Expect Palladium to run now the US is talking about sanctioning Russian Palladium … 40% of world’s production comes from Russia
Buygold NEM
The Details: Newmont (NEM.NaE) reported quarterly GAAP earnings of 76 cents per share and quarterly revenue of $4.605 billion which beat the consensus estimate of $4.568 billion.
- The company produced 1.7 million attributable gold ounces, primarily driven by the production of 1.4 million gold ounces from Newmont’s Tier 1 portfolio, as well as 430 thousand gold equivalent ounces (GEOs) from copper, silver, zinc and lead, including 37 thousand tonnes of copper.
- Gold AISC per ounce increased 3% to $1,611 per ounce compared to the prior quarter primarily due to higher CAS.
- Average realized gold price was $2,518, an increase of $171 per ounce over the prior quarter.
Benzinga
Run this past me again…NEM earning are 6 times what it made same 1/4 last year ….yet that somehow is bad….and the shares are called minus 3 %
because EPS missed by 5 ticks…0.81 vs 0.86…….knowing what we know about how fall st is all in on the Rig…what are the bets that Analysts are deliberately calling the numbers high to ‘manufacture’ fails such as this NEM one…….
https://www.gurufocus.com/news/2565050/newmonts-nem-quarterly-profit-soars-amid-rising-gold-prices
Music to my ears
” “A few more days like this…and the Democratic bedwetting will reach epic proportions.”
‘Startling’: GOP Early-Voting Turnout In Nevada Amazes Veteran Observer, Alarms Dems
Some eco data out
Probably the weekly jobless claims beat as they do every week now, giving the dollar a little life. Rates were down over 3 bips, now down only 1. 10 yr. back to 4.21%.
Crimex doing a good job of keeping silver at bay, gold to a lesser extent. Aladdin in there helping to bounce the GLD and SLV bids all over the map. The scum is being very attentive this am.
Shares seem tentative. Probably rocked by the horror of NEM’s earnings. I’m having a hard time finding the avg. sale price of an oz. of gold for NEM. Would like to know that. AISC went up to $1611 from $1429 last year, pretty big jump.
Maya @ 0:16 re: Elon and Dominion
It’s like magic!
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ferrett @ 19:11
Good analysis, it all sounds reasonable to me.
Cheers
Orezone Provides Hard Rock Expansion Update for Its Bomboré Gold Mine
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Silver X Announces Steady Production Increase During Third Quarter of 2024 and Board Change
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SCOTTIE RESOURCES INTERCEPTS 8.78 G/T GOLD OVER 9.00 M AND 12.2 G/T OVER 3.47 M AT BLUEBERRY CONTACT ZONE
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Expands Known Mineralization at Columba Project, Chihuahua, Mexico: Four Drill Holes Report Highs to 2,370 gpt Silver and 6.7% Lead-Zinc
https://ceo.ca/@newswire/expands-known-mineralization-at-columba-project-chihuahua
Labrador Gold Announces Results of Summer Field Work at the Hopedale Project Including 32.32g/t Au at The North End of the 3km Thurber Gold Trend
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Abcourt Intersects 10.4 g/t Gold over 12 Metres in Channel on the New Stripping carried out in the Cartwright Area of the Flordin Project
https://ceo.ca/@globenewswire/abcourt-intersects-104-gt-gold-over-12-metres-in
VR Resources Confirms Gold in Porphyry Intrusion Cutting Nickel Sulfide Mineralization at Silverback Project in Ontario
https://ceo.ca/@globenewswire/vr-resources-confirms-gold-in-porphyry-intrusion-cutting
Guanajuato Silver Confirms Details of Private Placement Financing
https://ceo.ca/@accesswire/guanajuato-silver-confirms-details-of-private-placement
Fury Completes 2024 Exploration Program at Committee Bay; Defines 3 Drill Ready Shear Zone Hosted Targets
https://ceo.ca/@accesswire/fury-completes-2024-exploration-program-at-committee
Santacruz Silver Produces 4,644,013 Silver Equivalent Ounces in Q3 2024
https://ceo.ca/@newswire/santacruz-silver-produces-4644013-silver-equivalent
KCA Confirms Commitment to Xali Gold’s El Oro Tailings Project
https://ceo.ca/@globenewswire/kca-confirms-commitment-to-xali-golds-el-oro-tailings
NEW FOUND INTERCEPTS 105 G/T AU OVER 2.10M & 10.4 G/T AU OVER 4.45M AT “PISTACHIO” ZONE AT KINGSWAY, HITS 36.7 G/T AU OVER 2M AT JACKPOT
https://ceo.ca/@newswire/new-found-intercepts-105-gt-au-over-210m-104-gt
TRX Gold Announces Best Drill Hole Result In History Of Buckreef Gold
https://ceo.ca/@globenewswire/trx-gold-announces-best-drill-hole-result-in-history
Scorpio Gold Drills 6.08 Grams per Tonne Gold over 9.4 Metres at the Consolidated Manhattan District
https://ceo.ca/@newsfile/scorpio-gold-drills-608-grams-per-tonne-gold-over
SOMA GOLD ANNOUNCES CHANNEL SAMPLE RESULTS OF 1m @ 29.83 g/t AU FROM THE COLOSSA MINE ON THE MACHUCA PROJECT, ANTIOQUIA, COLOMBIA
https://ceo.ca/@newswire/soma-gold-announces-channel-sample-results-of-1m
Successful Completion of 2024 Exploration Field Season
https://ceo.ca/@globenewswire/successful-completion-of-2024-exploration-field-season
Canadian GoldCamps Amends Definitive Agreement to Acquire 70% interest in Murphy Lake Property located in the Athabasca Basin, Saskatchewan
https://ceo.ca/@thenewswire/canadian-goldcamps-amends-definitive-agreement-to-acquire
Wheaton Precious Metals Announces the Acquisition of a Gold Stream from Montage Gold’s Koné Gold Project
https://ceo.ca/@newswire/wheaton-precious-metals-announces-the-acquisition-of-2677c
MONTAGE GOLD SECURES US$825 MILLION FINANCING PACKAGE FOR THE CONSTRUCTION OF ITS KONÉ PROJECT IN CÔTE D’IVOIRE
https://ceo.ca/@newswire/montage-gold-secures-us825-million-financing-package
Gold Resource Corporation Announces Preliminary Third Quarter and Year-to-Date Results
https://ceo.ca/@businesswire/gold-resource-corporation-announces-preliminary-third-557c6
Bullet Exploration Files Information Circular in Connection with Proposed Amalgamation With Gold79 Mines Ltd.
https://ceo.ca/@newsfile/bullet-exploration-files-information-circular-in-connection
Nevada King Announces Private Placement Offering of up to $10-Million of Common Shares
https://ceo.ca/@globenewswire/nevada-king-announces-private-placement-offering-of
Vista Gold Corp. Announces Third Quarter 2024 Financial Results
https://ceo.ca/@businesswire/vista-gold-corp-announces-third-quarter-2024-financial
Gold Royalty Announces Strong Quarterly Revenue Growth and Record Revenues for the First Nine Months of 2024
https://ceo.ca/@newswire/gold-royalty-announces-strong-quarterly-revenue-growth
Osisko Development Announces US$50 Million Marketed Private Placement of Units
https://ceo.ca/@globenewswire/osisko-development-announces-us50-million-marketed-82921
Newmont Reports Third Quarter 2024 Results
https://ceo.ca/@businesswire/newmont-reports-third-quarter-2024-results
NexGold and Signal Gold Announce Oversubscription and Upsizing of Concurrent Financing up to a Total of $17 million
https://ceo.ca/@accesswire/nexgold-and-signal-gold-announce-oversubscription-and
Granada to Continue In-Fill Deep Drill Program to Test High-Grade Gold Results of 107.9 g/t Over 4 Meters
https://ceo.ca/@globenewswire/granada-to-continue-in-fill-deep-drill-program-to-test
Fairchild Gold Corp. Announces Significant Expansion of Its Land Position at Its Historic Copper Chief High-Grade Copper and Gold Mining Camp in Nevada
https://ceo.ca/@newsfile/fairchild-gold-corp-announces-significant-expansion
Arizona Gold&Silver Achieves +90% Gold Extraction by Agitation Leach and 61%-73% Extraction by Column Leaching at the Philadelphia Gold-Silver Project, Arizona
https://ceo.ca/@thenewswire/arizona-goldsilver-achieves-90-gold-extraction-by
Novo Resources Corp. – September Quarterly Update
https://ceo.ca/@globenewswire/novo-resources-corp-september-quarterly-update
South Atlantic Provides Update and Permits Status on Pedra Branca Project
https://ceo.ca/@thenewswire/south-atlantic-provides-update-and-permits-status-on
Disposition of Securities of Guyana Goldstrike Inc.
https://ceo.ca/@newswire/disposition-of-securities-of-guyana-goldstrike-inc
Sky Gold Drill Permits Approved for the Evening Star Copper-Gold Porphyry Project Located in Mineral County, Nevada
https://ceo.ca/@accesswire/sky-gold-drill-permits-approved-for-the-evening-star
Orestone Las Burras Project Overview and Exploration Plans
https://ceo.ca/@newsfile/orestone-las-burras-project-overview-and-exploration
Ashley Gold samples up to 5.8 g/t Au at new Tabor-Sakoose Claims and announces Financing
https://ceo.ca/@thenewswire/ashley-gold-samples-up-to-58-gt-au-at-new-tabor-sakoose
South Pacific Metals Announces Osena Gold-Copper Project Land Package Expansion Bordering K92 Mining Operations in Papua New Guinea
https://ceo.ca/@newsfile/south-pacific-metals-announces-osena-gold-copper-project
Dollar hegemony.
I’ve never understood it. Why does everything have to trade in dollars? India wants to buy oil from Russia, why doesn’t India just pay in Rupees; or gold? Or Yuan, or Yen, Lek, glass beads, Yap stones or whatever Russia wants? Why has it taken sanctions against Russia to force normal trading to occur, I don’t know. When we went on holiday to Europe, Dad didn’t insist that the Belgians, Luxembourgeouis, Germans, Austrians, Swiss, Italians, French and Spanish all accept pounds. No, he bought Belgian Francs, Luxembourg francs, Marks and Pfennigs, Schillings etc. etc. It wasn’t difficult, even in the sixties.
Morning Maddog
Yes, just looked at Palladium now up 8.6%. Amazing. Would like to see moves like that in the gold and silver markets as well.
Correct me if I’m wrong but Palladium is down all the way from $3K at one point? Wonder if it makes sense to pick up a few oz. of that as well?
Will be interesting to see what comes out of the BRICS today when the conference ends. I guess they could throw palladium in there as part of the basket. I understood from earlier articles that gold would be a 60% anchor. They could throw silver, palladium and platinum in there as part of a basket. I’d think whatever else is in the basket has to be a hard asset. I don’t really see how oil or grains could be involved, I don’t know.
I also don’t see how western fiat survives once the BRICS currency is implemented, especially with so many western allies looking to participate. India and Saudi Arabia will no longer have a need for dollars. This has always been the risk of shifting our manufacturing east. We have to produce things here in the US to survive and should anyway because we are resource rich. This is a death knell for the elites and their unbacked Ponzi currencies, whether paper or CBDC. I’m afraid that they are so demonic, that they will start lobbing nukes as a final resort to protect their hegemony.
Regardless, it’s nice to see our metals snap back this am. The fresh Crimex shorts will be in trouble right out of the gates this am. I believe the shares, with the exception of NEM, will probably soar even more than they lost yesterday.
Buygold
Morning Buygold…..what correction…have you seen Palladium …plus 7.2 % already….and Platinum is plus near 2 %….!!!!!!
Looks like something might come out from Brics concerning them…..after all Russia is the largest Pall producer and has plenty of Plat….they have both suffered a huge bear and the Algo’s are gonna be well short……a target rich environment if you run Brics and have it in for certain types…this could get explosive !!!!!
4 am EST – so, still very early but
The Chinese may have decided to invade London and take advantage of their sale prices on pm’s
Just off the highs of the overnights now, but gold has regained almost 2/3rd’s of yesterday’s losses, and silver almost half.
The dollar is backing off a bit and the 10 yr. is down just over 3 bips. About time for at least a small break for those two.
Long way until the Crimex open, but we could be looking at the shortest pm correction in history.
Thee Climb is Rough
But we keep moving regardless…onwards as Winedoc says


