When was the last time the mkts blew a raspberry at anything the Fed said……the Rigging even made Yellen look smart !!!!!!!
Maddog- NEM
Shares are off their lows with the metals still hovering near their bottoms. I think that is important to note, that is usually not the case with the metals down in a waterfall.
This is fake, like everything else we seem to see these days. JMHO
Captain Hook
Note NEM is only down just over 1 %….shorts are covering……Powell may well be very bullish.
deer79
Here is yr waterfall……looks like Powell will be PM bullish, which means they have to smash early, to make the take off price lousy…..meanwhile the Chinese will be switching all the Gold they are buying here, via EFP’s and demand phys…..
Looks like …
… all the idiots that bought gold futures recently … are puking their positions today … rinse repeat.
These hedge fund managers and CTA’s are so drunk they can’t remember what happened just a few weeks ago.
They throw big lavish parties for themselves at the expense of their investors.
It’s just a big party to these clowns or they would be buying the real metal.
Anywho – they have degraded silver specs to the point they finally are no longer playing – transferring a great deal of pricing power to the physical market – hence it’s relative strength today.
Silver just triggered a five-wave buy signal in the SLV to GLD ratio (the inverse of the widely followed gold/silver ratio) yesterday.
In the words of Teddy Rosevelt – who confiscated a great deal of silver from foreign lands for the international bankers so they could conquer the world – BULLY.
It worked for him so maybe it can work for us this time.
Chuckle
Looks like we’ll be punching up today
Pretty obvious what this is and has been all week. Nothing more than the scum’s attempt to keep pm’s from running up and away before Powell admits the obvious, that the economy has been in recession for months and they have crushed it.
This dollar bounce is feeble and expected. The best they can do is shake the tree a little, but it’s taking them a lot of energy and fiat to do it.
Maybe they get us back to the point of the breakout in gold, maybe more. I don’t know but the rig is all they have left.
So … how’re those renewable energy plans working out for ya?
25% Of Brits Consider Turning Off The Heat In Winter As Power-Bills Soar
https://www.zerohedge.com/energy/25-brits-consider-turning-heat-winter-power-bills-soar
Because they don’t want to go out of business
Ford Ditches Plans For Electric SUV As Industry Continues To Backpedal From EVs
The trend of legacy automakers ditching their plans and investments in EVs continues, with Ford reportedly the latest to cancel plans for a large three-row electric sport-utility vehicle, according to a new report from the Wall Street Journal.
The company will take $1.9 billion in related special charges and write-downs as a result, the report said.
Ford is canceling due to pricing pressures and increased competition, instead opting to focus on hybrid versions of its popular Explorer and Expedition models.
This decision reflects a broader trend among automakers that we have written about over the last year or two, especially since the UAW extorted negotiated their latest labor contracts from the Detroit automakers.
https://www.zerohedge.com/markets/ford-ditches-plans-electric-suv-industry-continues-backpedal-evs
Gold Basin Reports Additional High-Grade Oxide Gold Assay Results From Gold Basin Project, Arizona
https://ceo.ca/@thenewswire/gold-basin-reports-additional-high-grade-oxide-gold
Midland and SOQUEM Identify on Nachicapau New High-Grade Mineralized Occurrences and Expand the Footprint of the Copper-Gold-Silver Hydrothermal System
https://ceo.ca/@globenewswire/midland-and-soquem-identify-on-nachicapau-new-high-grade
Plato Gold Reports on Second Quarter Results
https://ceo.ca/@globenewswire/plato-gold-reports-on-second-quarter-results-2f6da
Goliath Closes $2,000,000 Order From Strategic Singapore Based Global Commodity Group And Other HNW Investors Totaling $5,406,080 In The First Tranche Of Previously Announced Non-Brokered Private Placement Up To $6,500,000
https://ceo.ca/@globenewswire/goliath-closes-2000000-order-from-strategic-singapore
Cassiar Gold Expands Drill Program and Advances Geophysical Surveys
https://ceo.ca/@newsfile/cassiar-gold-expands-drill-program-and-advances-geophysical
NexGold’s Spring Program Shows Significant New Gold Mineralization, Expands Exploration Programs at the Goliath Gold Complex
https://ceo.ca/@globenewswire/nexgolds-spring-program-shows-significant-new-gold
Vista Gold Announces Phase 1 Drilling Results at Mt Todd
https://ceo.ca/@businesswire/vista-gold-announces-phase-1-drilling-results-at-mt
Dakota Gold Corp. Intercepts 2.85 grams/tonne Gold over 13.7 Meters of Tertiary Epithermal Mineralization in the Unionville Zone
https://ceo.ca/@newsfile/dakota-gold-corp-intercepts-285-gramstonne-gold
TRU Precious Metals Completes Granting of Golden Rose Option to Eldorado Gold
https://ceo.ca/@accesswire/tru-precious-metals-completes-granting-of-golden-rose
Guanajuato Silver Receives Receipt for Final Base Shelf Prospectus
https://ceo.ca/@accesswire/guanajuato-silver-receives-receipt-for-final-base-shelf
SSR Mining Announces Precautionary Suspension of Operations at Seabee Due to Forest Fires
https://ceo.ca/@businesswire/ssr-mining-announces-precautionary-suspension-of-operations
Newly Listed Golden Rapture Mining Completes Its First Diamond Drill Program
https://ceo.ca/@newsfile/newly-listed-golden-rapture-mining-completes-its-first
CSE Bulletin: Consolidation – Sassy Gold Corp. (SASY)
https://ceo.ca/@newsfile/cse-bulletin-consolidation-sassy-gold-corp-sasy
O3 Mining Announces Upsized $18 Million Bought Deal Financing
https://ceo.ca/@newswire/o3-mining-announces-upsized-18-million-bought-deal
INTEGRA COMPLETES C$20 MILLION BOUGHT DEAL OFFERING IN CONNECTION WITH PREVIOUSLY ANNOUNCED MERGER WITH FLORIDA CANYON GOLD
https://ceo.ca/@newswire/integra-completes-c20-million-bought-deal-offering
Precipitate Re-Commences Work and Identifies New Gold Zones at 100% Owned Juan de Herrera Project, Dominican Republic
https://ceo.ca/@thenewswire/precipitate-re-commences-work-and-identifies-new-gold
Nova Pacific’s Geological Compilation Reveals Historic High Grade Precious Metal Assays at the Lara Gold-Silver-Zinc-Copper Project
https://ceo.ca/@newsfile/nova-pacifics-geological-compilation-reveals-historic
Santacruz Silver Announces Mineral Resources and Reserves and Files NI 43-101 Technical Reports for its Bolivian Assets
https://ceo.ca/@newswire/santacruz-silver-announces-mineral-resources-and-reserves
Blue Star Announces Exploration Results, Advances Pipeline Showings
https://ceo.ca/@newsfile/blue-star-announces-exploration-results-advances-pipeline
Silvercorp Updates El Domo Development Plans and Staffing
https://ceo.ca/@newswire/silvercorp-updates-el-domo-development-plans-and-staffing
Bear Creek Mining Announces Final Drawdown of Funds Under Sandstorm Promissory Note
https://ceo.ca/@newsfile/bear-creek-mining-announces-final-drawdown-of-funds
Quartz Mountain Completes 3,418 Metres of Core Drilling at Jake Property in British Columbia
https://ceo.ca/@accesswire/quartz-mountain-completes-3418-metres-of-core-drilling
Transition Metals Further Defines Cu-Au Porphyry Targets at Pike Warden, Yukon
https://ceo.ca/@newsfile/transition-metals-further-defines-cu-au-porphyry-targets
Ridgeline Minerals Executes Exploration Earn-In Agreement with South32 at the Selena Project, Nevada
https://ceo.ca/@newsfile/ridgeline-minerals-executes-exploration-earn-in-agreement-ffb55
Significant Results From Historical Drill Hole Infill Assay Program at Belltopper
https://ceo.ca/@globenewswire/significant-results-from-historical-drill-hole-infill
They’re trying
…..to manufacture a waterfall before our “savior” Powell opens his “pie hole.”
ipso, ferrett, and Buygold
All I can do is echo your concerns. Current migrations/immigrations everywhere are so different from those of the past. It looks bleak to me, and it’s not because I am a pessimist; just a realist who refuses to wear blinders. Maybe the countries being invaded will wake up in time; we can hope. There seem to be at least some signs of that. Not easy to reverse an entrenched population, though. It will take understanding, resolve, and fortitude; is there enough of that to go around?
Maddog, Captain
Maddog – it’s an absolute tragedy what’s happening in the UK, both with the government and society. I don’t have the capacity to understand the kind of mindset (evil) that Starmer embraces. Clearly, the gov’t. is handing over the country to the invaders, but at the same time strengthening gov’t workers by pay increases and a better standard of living than the average Brit to keep them happy enough to enforce the plan. The police are a traitorous disgrace, enabling the destruction of white culture and white peoples. I believe that in addition to throwing you into the slavery of the one world government, there will also be a one world religion that involves Muslims, Catholics (the current pope is a heretic), and Protestants that are accepting of non-biblical culture, i.e. LGBTQ and abortion, which are outside anything remotely Christian. It will be an all-inclusive and accepting religion. Essentially anti-Christ. Without the populace being armed, it will be tough to turn. I suspect what you’re seeing is what we’ll see here if they install Kamala Harris. It still remains to be seen whether a large enough percentage of the US population would give up certain comforts and take up arms. I don’t know.
Captain – no doubt they knew the numbers and were ready, I’d argue that they’ve been ready all week, and if they could have manufactured a waterfall, they would have done so already. They still might if they get a dollar bounce that runs longs out of contracts. I could see that happening when Powell speaks – totally contrary. It does seem clear that they are getting less and less effective, more so with silver than gold. They will have trouble if US investors ever wake up to the gold market. For now, they can just slow the ascent, frustrating to watch when the dollar has been taken to the woodshed. It also appears the Yen carry has resumed its’ unwind, that is a long running program that I’m not sure we know what will happen and who will be hurt by it. Seems that we are just going to grind slowly higher, at least that’s what the shares are saying.
I see Bitcoin is jumping tonight, over $61K up 4% – look over here, this goes up fast! Oil below $72, just bizarro world.
Captain Hook @ 18:17
That foolishness might be blocked yet … otherwise they are torpedoing a significant piece of their economy!
Yes I’m glad I’m not heavily invested there!
Cheers
ipso facto @ 17:01
That’s great news for silver investors as long as you’re not invested in a Mexican miner doing that.
Let’s tighten up that supply even more.
Thank you, commies.
Chuckle
Mexico Moves to Ban Open-Pit Mining and Fracking in Sweeping Environmental Reforms
In a significant move aimed at reshaping Mexico’s environmental and agricultural policies, a key committee in Mexico’s lower house of Congress has approved two constitutional reforms that, if passed, could dramatically alter the landscape of the country’s mining and agricultural sectors. The proposed reforms, which are part of a broader package of constitutional changes, are designed to ban open-pit mining and fracking, as well as impose strict limitations on the use of genetically modified (GM) corn.
The proposals, approved by the committee on Wednesday, will be presented for discussion in the full lower house when lawmakers return from their current recess in September. These changes represent a cornerstone of President Andrés Manuel López Obrador’s (AMLO) agenda to shift Mexico’s policies towards more sustainable practices, particularly in the face of climate change and environmental degradation.
Mexico Moves to Ban Open-Pit Mining and Fracking in Sweeping Environmental Reforms
Buygold @ 10:40
Looks like they were ready for that number … no? The commies get a pass – yet again.
The $ is down too and the Fed minutes were PMs friendly.
Open interest is probably up other 10k today to keep a lid on such a good news day.
Just another tamping down in this rapidly deteriorating experiment. (chuckle – it’s only been 100 plus years)
One day they (we) will wake up and the games will be over.
Can’t wait.
Hope I’m still alive.
Cheers
buygold
You know the dollar has a problem, when it falls against Sterling…the new government is not just dictatorial, they are economically cretinous, they are currently handing out huge pay rises to non productive government workers, Junior Doctors and Train drivers…all of whom are saying tks, we want way more…..Meanwhile they …the government show no inkling as to where any of that money will come from ……
The productive side of the economy, is meanwhile crapping itself waiting for the tax rises……
Seems they have a ‘problem’ with the PM’s particularly Gold, the old tricks are failing
They hammered everything earlier…but the buying just said tks…anymore !!!! and then bid the mkt back up……
Not sure how much longer they can keep a lid on the shares…they are the bargain of the century down here.
Took us all day but
the dollar has finally weighed in on the metals as it plunged petty quickly in about 10 minutes to the lows of the day, now down 1/2%. I think it’s down 2% since Monday.
Seems like a fairly big move for the world’s reserve currency. Not sure if one of the Fed heads came out and said something about a potential 50 basis point cut or if the dollar is finally ready to go into the fiat dustbin of history, but funny that it occurred after the Crimex close. Dollar now down nicely below the 200 dma, seems a bounce can’t be too far off – unless this is something else.
Tech and pm shares seem to like a weaker dollar. HUI up 1% despite GFI being a drag on the index. For some unknown reason it’s down 3% and was down almost 5%. That is a weird stock. It will be up 4% in the morning for no reason.
It can’t be long before the juniors start to get some action can it?
Dollar just buckled
We might have some game. Shares picking up steam.
SM ripping
They love this news that guarantees a cut.
Manipulation at its finest in pm’s.
The number came out
Revised down 818K – what is that 75K a month? One of the largest in history, if not the largest.
I don’t think there’s a single true thing this administration has ever said. Unbelievable.
Should help us but the scum is playing lockdown.
Payroll Revision Just announced
Year to date Revision 818K
Official. Since Fed is Data driven they are being driven by wrong information…..
Dog

