Should the US blockade be suspended before Iran's nuclear program is addressed?
Total Voters: 42
Loading ...That sell off in Au that smashed the PM shares, may have just been a gap fill move in the GDX/GLD spread…..can any trading system be that mad….or maybe this is the key many moves in the PM mkts…..
The gap is now filled point perfect..if we rally from here then maybe that was it……
It’s the Working Group on Financial Makets mo.
Easier for the algorithm to lump everything together, and easier to hunt for Gold and Silver “stops.” I almost have to chuckle at their brazenness. It will not stop.
They’ve got their panties in a bunch today because the intern who was watching porn yesterday ( and let Silver have its way) got flogged.
They just tie a rope to the whole sector and tie it whatever is going down the most. Today it happens to be the QQQ’s.
but when we are joined at the hip to the SM does it matter…especially as we get less of the upside and all of the downside.
Looks like the real pm shares arrived.
Yeah the SM is getting beat up again. I guess war’s only good for certain kinds of business.
Are our PM shares going to be higher at the EOD? Stay tuned! 🙂
I’m out for a bit.
With you on the shares, they don’t look bad at all. Silver doesn’t look horrible either.
Surprising given how the SM is doing. Usually we’re down 2X what the SM is doing.
I’d love to be a fly on the wall! Xi can’t be too happy with the strait closure. His economy has a gun to it’s head.
He’s probably not going to send much aid to Iran. The more he sends the more likely all the oil facilities in the gulf will be destroyed. JMO
LOL Starmer is still hanging in there … but not for long I think!
First Majestic may well be higher before the end of the day. The PM shares look decent so far.
KOW knock on wood 🙂
Re Trump and China…well I guess Xi won’t open up the meeting, by asking why he came !!!!!!
Which is what I believe happened when Starmer turned up…!!!!!
First Maj is down 3 % pre mkt….I’d like to us a base ball bat on this short sellers…hopefully the mkt will.
Julia Shapero
@JuliaShapero
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20h
More than a dozen business & tech leaders are joining President Trump on his trip to China this week, per a WH official –
The Humanoid Hub
@TheHumanoidHub
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7h
Unitree CEO Wang Xingxing just unveiled a real-life mecha.
Marketed as the world’s first mass-produced manned robot, this machine can transform into a quadrupedal civilian vehicle. The unit weighs roughly 500 kg (1,100 lb), including the pilot.
First Majestic Announces Q1 2026 Financial Results and Increased Quarterly Dividend Payment; Provides Management Updates
https://finance.yahoo.com/markets/stocks/articles/first-majestic-announces-q1-2026-110000834.html
UAE Secretly Carried Out Attacks On Iran, Making It An Active Combatant
No follow through today. Dollar and rates moving up some and SM down some. Silver down a couple bucks and gold down $35.
Not sure why the big bump yesterday in silver, unless there’s something going on that is specific to Crimex, but I sorta doubt that.
So, we’re going to give some back today. Will be watching the shares to see how much.
I saw Bullionstar is selling silver eagles of random years for spot, never seen that before from any dealer.
They must be loaded up to the gills with them. Says to me that the general public dumped everything they had on the big rally of the last year. Doesn’t appear we’re going to get any help from them this time around.
My old dealer is paying well under spot for silver of all kinds as well.
The shortages must be purely industrial at this point.
I expected the PMs to go up today but then what. Metals no longer speculative but strategic and necessary but can still be short term volatile. This war is interrupting the natural flow of things and most annoying. Especially when you see it sell off over night when the market is closed.
There are a unbelievable 61 candidates for Governor. The only few I see on TV are Democrats and talking to the illegals their voting base not the citizens. And their idea of schools.. scary.
Sounds like yet another case of American negotiators working in good faith, thinking that they have authority for this or that, only to have the deal kiboshed when Trump decides he doesn’t like it. After all, Russia would be one place where it would be safe. If they had wanted to let Iran have fissile material, they could have done so at any time.
US Accepted a Secret Plutonium Deal with Iran, Then Canceled It
Russian President Vladimir Putin said Saturday that the United States, Israel, and Iran had agreed to transfer enriched nuclear material from Iran to Russia, but that the arrangement ultimately collapsed after Washington reversed its position and demanded the material be sent only to the United States.
US Accepted a Secret Plutonium Deal with Iran, Then Canceled It
Is the energizer bunny !!!
PM’s, cash and hard assets are his play. His track record is good with regard to pm’s.
Must need another diversion! Donald ‘Joker’ Trump pretending he can’t lift a gold plated tungsten or uranium block (alternatively picking up a block in each hand) assuring everyone that the other 370,000 bars are all there too. Yuuuge!!!
Ipso – so hard to believe anything said by either side. A week or a year sound like a good guess to me. I’m kind of looking for some leader from another country to step in and save the day, but we’ll see how it shakes out.
maddog – it would be really wise of Trump to do that, but I don’t know if they’ll let him. Don’t forget, there’s that rumor about a revaluation to $20K and gold backed bonds still hanging out there.