Loading ...Big TA break out…..Algo’s have to be buying here along with anyone useing TA.
Goldie – true
Still moving on light volume, but if this the end of the correction and beginning of a new bull phase, I would expect it to increase. Especially if the SM slowly fades into the abyss and the hedge funds see what sector is moving up.
This is tough even for me to complain about. We’re up against the dollar, rates, oil and the SM. I’m not sure when the last time was that I’ve seen that. In the rally that ended 6 months ago, we pretty much went up with the SM.
All of a sudden, it doesn’t seem like pm’s are worried about rates. Maybe this is just an oversold bounce. Who knows?
$65 Breached
And they are running stops bigly!
Close above $66? It could happen.
silver…
just jumped like it was goosed. did some news drop ??
silverngold
What is the connection with Wildfires and PM’s, let alone U2’s. Anyone looking at this site, will see that stuff you post and run a mile.
Have not watched yet but interesting title: B.C. wildfires rage as Carney goes on vacation!
Reminds me of this one: Just another puppet?
Goldielocks@12:41. Here’s another “suspicious” one worth exploring. 34000 lightening strikes across BC. (Wonder whose counting)?
https://www.cbc.ca/news/canada/british-columbia/lighting-strikes-bc-fires-100-9.7277364
Also someone reported and was asking why Lockheed’s U2 spaceplane was flying a pattern back and forth over BC at 60,000 feet, but I can find no info to verify that the U2 has laser/lightening capabilities. I know that the Boing X37B spaceplane (https://duckduckgo.com/?q=Boing+X37B&t=brave&ia=web) has those “lightening strike” laser capabilities but can’t verify if it was also in BC airspace when those 34,000 “lightening strikes” occurred.
FWIW but probably just all coincidental and has nothing to do with the fact that BC is burning down from “wildfires”…Wink wink! but WTHDIK? SNG
Besides TA last week this might explain yes that..
Gold and silver are rallying but on low volume.
Iran…Both sides are having their issues over this war so would be nice if they made a peace deal. One of the issues is Iran won’t move on halting nuclear issues for financial relief.
Sng 17:45 8/9
I missed that, one of my grandsons Bday celebration he’s been reminding me counting down that last few days after I asked him what he wanted and gave me daily options. Football gear or tech stuff.. Luckily they took him to the river kayacking to use up all that energy. I don’t know much about those direct energy gadgets but people who track them said theyre on the gov weapons list. Also that those same city’s were targeted for 15 minute cities.
I liked that video because it made more sense and with actively involved people. The UN apparently still has his hooks like blood sucking parasites in Europe. What good have they ever done any country?
Shift
The probes in the metals are now coming to the upside. Drifting down, then a flurry of buying. Exact opposite of what we’ve seen for months, and not tied to anything else that I can see.
Just beautiful to see for a change. Hope it continues. 🆙
there’s $65 silver…
…in the rear view mirror.
HUI springing back to life
Despite Barrick being crushed. Have we finally entered a new bull market?
Maybe the early stages of the dollar demise?
Silver shares look ready to rumble.
Boom!
There goes silver! GLD goes positive as well.
Not looking too bad
Barrick is weighing on the indexes but everything else is doing OK.
No surprise we’d give a little back after the monster days we had last week.
Maybe the worm is turning?
treefrog – we’re going to bust it soon, maybe even today. Silver looks good.
silver…
struggling to get past $64. every time it breaks above the line, someone/something’s there to sell it back to 63.75 (or lower)
coiling ??
D’oh!
The Hormuz Letter
@HormuzLetter
·
10h
BREAKING: The UK has discovered that the Royal Navy’s new spy drone fleet planned for the Strait of Hormuz and multiple Gulf spy missions against Iran have been secretly transmitting data from the drone’s primary camera to China since March, per The Telegraph.
The £12M K3 Scout multirole uncrewed surface vessel (drone boat) fleet built by Kraken Technology had cameras with Chinese-made components transmitting “heartbeat communications” to an IP address in China, with cameras remaining active even when the drones were switched off.
The compromised cameras were also near highly sensitive meetings between senior UK special forces staff, and preparations for Britain’s Gulf plans against Iran had been conducted on the compromised drones.
The same K3 Scout model has also been purchased by US Special Operations Command.
Likely better than life at home … but is it a form of slavery?
Anton Gerashchenko
@Gerashchenko_en
·
19h
Brigades of North Korean female workers are arriving in Russia.
They are being employed on assembly lines, in garment factories and kitchens, and on farms, with promised wages starting at 480 rubles ($6) per hour.
Human rights activists earlier reported that, from recruitment through their daily lives in Russia, workers from the DPRK are under the tight control of the North Korean government. The DPRK authorities confiscate their documents, restrict their movement and communication, and withhold a portion of their earnings.
Barrick clears way for IPO with Newmont mining truce but shares sink 6% on Q2 earnings miss
Barrick Mining (B) said Monday it reached an agreement with Newmont (NEM) on their Nevada joint venture, in which Barrick’s Fourmile and Newmont’s Fiberline and Mike projects will contribute to the JV, resolving all outstanding disputes between the partners and allowing Barrick to list its North American assets in New York.
Newmont (NEM) also will make a one-time payment to Barrick (B) of $1.95B, reflecting the additional value of the Fourmile asset, which Barrick has said could produce up to 750K oz/year of gold.
The two mining giants, which already partner on the Nevada Gold Mines venture, had been locked in a dispute as Newmont (NEM) tried to block Barrick’s (B) plans for a separate listing of its North American assets, including the JV.
Expand article logo Continue reading
Nevada Gold Mines provides around half of Barrick’s (B) gold production and profits, but the U.S.-based assets are more highly prized by investors than the company’s mines in Africa.
“Newmont has consented to the IPO and the parties have agreed to expand NGM with the earlyvend-in of our excluded properties, as well as settling all disputes,” said Barrick (B) President and CEO Mark Hill, who will also become CEO of the new company upon separation.
Barrick misses, NEM benefits
Reuters – 8:20 AM ET
* Barrick’s US-listed shares fall nearly 6% before the bell * Companies reach deal to resolve Nevada Gold Mines disputes * Barrick expects North American IPO to be completed by end-2026
Barrick is getting hit for 6% or $2.60, NEM is up 3% or $3.40
We’re starting to struggle a little against the stronger dollar, rates and oil. SM is fading as well. This will be a good test for us. If the losses are small today, it’s probably a good day.
There will be 10 days of darkness not three months.
Never heard this before. Like theres people watching over us preparing for after the end of the Fed dollar. The reset and a sovereign wealth fund to pay us back what was stolen not a basic income.
https://substack.com/@juanosavin107/note/p-208490016?r=28qqrz
Same here.
All I can see is that the experts were totally wrong. Now, where have we observed that before in the last six years …….
People with bits of paper to their names befuddling the masses with their ‘expertise’.
Dollar flipped positive
Oil was down a buck but now flat. Rates up a bip.
PM’s have made some gains from a couple hours ago, silver is leading, up $.75, gold up $12. PM shares firm in the first trades of the day.
Nothing to write home about just yet, but not giving it back either.
Still a ways to go before the Crimex and SM open in the US.
ferret – I agree with that, although both those countries may smell blood in the water in Iran and could be looking at resources. Who knows really, it’s hard to know what the truth is over there – for me anyway.
Buygold, yes, I understand that.
But a couple of missiles lobbed at the Saudis doesn’t warrant a full scale invasion. Atm Iran seems to be holding all the cards, they don’t need to involve MbS and stasis suits them fine messing up western economies and getting everyone to hate America for trying the FAFO route.
Silver is doing well.
Dollar a little weak here in the overnights
Not reflected much in the metals just yet, but we’ll see.