OOPS ?
Other than AG & EXK
The metals and even the shares are doing OK considering the SM reversal and dollar strength. Gold especially. We usually get the post Fed day beat down.
But boy, AG & EXK are getting obliterated. Rightly so
ipso facto @ 20:15 re your The average family just doesn’t make enough to pay the current mortgage rates on a $600,000 dollar house.
I agree, and the minimum wage needed today to match the $2/hr in the early 1970s would be about $40/hour today.
Ipso
Really sad and heartbreaking for that girl. I can’t wait until the tranny in that match and the people that allowed this to pay the price.
They will pay a severe price. The elites that have pushed this on the world don’t have much longer before it catches up to them.
I thought transgenders weren’t allowed to compete in the Olympics?
“This Is Unjust!” Female Boxer Quits Olympic Match, Melts Down In Tears After Biological Male Brutalizes Her In 46 Seconds
FWIW
TGB (Taseko Mines) is predominantly a copper miner, had better than expected earnings (.07 vs.-.02) and is up some 5% in the pre-market.
Crimex not killing us
Surprisingly both metals moving up a bit now despite the stronger dollar. Nothing to write home about but still unexpected, at least by me. No doubt the scum will fight them today, but maybe there’s an underlying bid coming back in.
Digging deeper into AG’s earnings, they didn’t account for $20 million in silver they have in inventory. Looks like they are trying to circumvent the Crimex and do a lot of their own minting. If prices keep going up, they’ll be genius, if not, then goats.
EXK – seems to be shaking it off, down 1% now.
Ipso – no doubt, I don’t understand that. Silver has risen more in % terms. Tough to swallow for shareholders though.
What is the actual price where these guys make good profits? Maybe it’s $50 as you say, except their earnings were better at lower prices. Go figure.
Buygold
Profit wise the gold miners are sure kicking ass on the silver miners. I sure don’t know when the silver miners are going to start making decent profits! $50?
STLLR Gold Intersects 1.56 g/t Au over 62.30 m and 1.12 g/t Au over 99.40 m at the Colomac Main Deposit
https://ceo.ca/@newsfile/stllr-gold-intersects-156-gt-au-over-6230-m-and
NEVADA KING AND NV KING GOLDLANDS ANNOUNCE COMPLETION OF SPIN-OUT
https://ceo.ca/@newswire/nevada-king-and-nv-king-goldlands-announce-completion
Midland Discovers New Gold-Bearing Zones on the Willbob Project in the Labrador Trough
https://ceo.ca/@globenewswire/midland-discovers-new-gold-bearing-zones-on-the-willbob
Torq Announces Proposed US$48 Million Earn-In Option and Joint Venture Agreement with Gold Fields on Santa Cecilia Project
https://ceo.ca/@accesswire/torq-announces-proposed-us48-million-earn-in-option
Signal Gold Receives Crown Land Lease and Licence Offer for the Goldboro Project and Provides Permitting Update
https://ceo.ca/@accesswire/signal-gold-receives-crown-land-lease-and-licence-offer
Usha Resources Commences Fieldwork at the Drill-Ready Southern Arm Copper-Gold VMS Property
https://ceo.ca/@newswire/usha-resources-commences-fieldwork-at-the-drill-ready
Quimbaya Gold Announces Strategic Partnership for 100,000 Meters of Drilling
https://ceo.ca/@newswire/quimbaya-gold-announces-strategic-partnership-for-100000
First Majestic Announces Financial Results for Q2 2024, Increased Silver Inventory, and Quarterly Dividend Payment
https://ceo.ca/@newsfile/first-majestic-announces-financial-results-for-q2-2024
$4.7 Billion Eldorado Gold Enters Newfoundland Through Option Agreement with TRU Precious Metals
https://ceo.ca/@thenewswire/47-billion-eldorado-gold-enters-newfoundland-through
White Gold Corp. Encounters Highest Gold Values to Date and Doubles Strike Length of the Newly Discovered Gold-In-Soil Anomaly to 2.2 km on the QV Property and Prepares for Maiden Diamond Drill Program
https://ceo.ca/@globenewswire/white-gold-corp-encounters-highest-gold-values-to
Reyna Silver Acquires the Mineral Hill District Within the Gryphon Project and Provides Operation Update
https://ceo.ca/@accesswire/reyna-silver-acquires-the-mineral-hill-district-within
Golden Minerals Provides Corporate Update
https://ceo.ca/@businesswire/golden-minerals-provides-corporate-update
Desert Gold Preliminary Economic Assessment (“PEA”) Progress Update for SMSZ Project in West Mali, Africa
https://ceo.ca/@newsfile/desert-gold-preliminary-economic-assessment-pea
First Nordic Completes Acquisition of its 100%-Owned Oijärvi Project in Finland
https://ceo.ca/@newswire/first-nordic-completes-acquisition-of-its-100-owned
Cruz Announces Intent to Spin-Out the Hector Silver-Cobalt Project
https://ceo.ca/@newsfile/cruz-announces-intent-to-spin-out-the-hector-silver-cobalt
Silver Crown Royalties Announces Closing of $1,159,120 Subsequent Financing
https://ceo.ca/@thenewswire/silver-crown-royalties-announces-closing-of-1159120
Orosur Mining Inc Announces Colombia Update
https://ceo.ca/@accesswire/orosur-mining-inc-announces-colombia-update-33382
Signal Gold Announces 2024 Second Quarter Results
https://ceo.ca/@accesswire/signal-gold-announces-2024-second-quarter-results
LUNDIN GOLD REPORTS HIGH-GRADE MINERALIZATION AT FDNS AS PART OF ITS NEAR-MINE DRILLING PROGRAM
https://ceo.ca/@newswire/lundin-gold-reports-high-grade-mineralization-at-fdns
AGNICO EAGLE REPORTS SECOND QUARTER 2024 RESULTS – THIRD CONSECUTIVE QUARTER OF RECORD FREE CASH FLOW UNDERPINNED BY CONSISTENT, STRONG OPERATIONAL AND COST PERFORMANCE; UPPER BEAVER PROJECT STUDY SHOWS SOLID RISK-ADJUSTED RETURNS
https://ceo.ca/@newswire/agnico-eagle-reports-second-quarter-2024-results
Kinross reports strong 2024 second-quarter results
https://ceo.ca/@globenewswire/kinross-reports-strong-2024-second-quarter-results
Alamos Gold Reports Second Quarter 2024 Results
https://ceo.ca/@globenewswire/alamos-gold-reports-second-quarter-2024-results
SSR Mining Reports Second Quarter 2024 Results
https://ceo.ca/@businesswire/ssr-mining-reports-second-quarter-2024-results
Silver Hammer Announces Non-Brokered Private Placement of Units
https://ceo.ca/@thenewswire/silver-hammer-announces-non-brokered-private-placement
SILVERCORP COMPLETES ACQUISITION OF ADVENTUS
https://ceo.ca/@newswire/silvercorp-completes-acquisition-of-adventus-258c9
Anton Novak and the Anton Novak Alter Ego Trust Issue Early Warning Report in Connection with EnGold Mines Ltd.
https://ceo.ca/@newsfile/anton-novak-and-the-anton-novak-alter-ego-trust-issue-41291
Besra Gold Announces: June 2024 Quarterly Activities Report
https://ceo.ca/@newsfile/besra-gold-announces-june-2024-quarterly-activities
Generation Mining Receives Key Approval From the Federal Government
https://ceo.ca/@businesswire/generation-mining-receives-key-approval-from-the-federal
Omai Gold Mines Provides Exploration Update on Omai Project in Guyana
https://ceo.ca/@newsfile/omai-gold-mines-provides-exploration-update-on-omai
ArcWest Provides Exploration Update: Partner Funded Drilling is Scheduled for Multiple ArcWest Porphyry Copper-Gold Projects in 2024
https://ceo.ca/@newsfile/arcwest-provides-exploration-update-partner-funded-226c5
AG & EXK both reported big losses
Have no idea how, but their earnings are ugly. Looks like EXK lost a million hedging.
AG getting clocked for 5% premarket – surprised it’s not worse. EXK only down 3% or so.
Don’t know how these guys do it, but they seem to do it regularly regardless of the metals prices. Both have earnings that are WORSE than the same quarter of last year. Riddle me that folks.
On a positive note, silver is now up $.06 and gold only down $6. Surprising for now, we’ll see what happens on the Crimex.
London doing their thing
No surprises. London taking it to gold and silver. We aren’t giving it all back yet, but no doubt they’ll at least make a good dent. Gold getting hit harder down $16 as of now. Silver down $.14. Dollar bouncing back. The 10 yr got down to 4.05% yesterday. Still there this am, but guessing it bounces higher as well. SM futures mixed, QQQ’s up almost 1/2%, DOW flat.
There’s a bit of eco data out today, but don’t think it will matter either way.
So, the beat goes on, although from a little higher levels than a few days ago. Glad to see we popped above $2400 though, been a good week so far. Hope it stays that way, but won’t be surprised if it doesn’t.
BTW – Alamos Gold (AGI) also came out with earnings yesterday. I missed it. Nice beat for them $.24 vs $.19 estimates. Stock being rewarded early, up 3.7% premarket. That’s nice to see. AEM flat, KGC down 1% or so.
Mr.Copper @ 16:04
Real estate may have barely kept up with inflation but wages sure haven’t. The average family just doesn’t make enough to pay the current mortgage rates on a $600,000 dollar house.
The inflation spiral destroys societies. We’ll see if it destroys ours.
Buygold
I haven’t checked that CNN story…but even if not true, as u say the whole story is riddled with so many glaring inconsistancies , that one has to believe the worst.
Great close for Gold…..those shares have to start beleiving soon.
AEM beats, KGC in line
AEM beats by $.16 – $1.07 vs. .$91 est. – Stock up a little 1/2% AH
KGC in-line $.14 vs. est. of $.14 Stock down 1.2% AH
Moral of the story so far, you better beat!
FWIW…
At another site yesterday, there was a discussion of minimum wages.
I recalled that my first real job paid $1.25 per hour.
We had silver as money then.
Today, that silver equivalent would be over $30. per hour.
Also, here’s a well spoken review of America today.
@ipso facto re not too many mortgage applications lately.
That could be because too many people just using cash. In reality, houses barely keep up with inflation because on average everything costs 20 times more. So all those old $40,000 houses should be $800,000. Plus many young people get the money from their parents.
Buygold @ 15:35
It’s a tangled web we weave.
Chuckle
Oh, what’s this??
They are selling the SM down here in the last hour. DOW has lost 300 pts. in the last 10 minutes or so. QQQ’s about the same.
PM shares a little softer, but not the metals. Gold is is getting closer to the last high, where we’ll no doubt hear screaming of a double top!!! 🙂
Strong close for us if it holds for the last 25 minutes. Getting stronger as the SM comes raging back. Still no major volume though.
Wonder how big a deal this escalation of the war with Israel and now Hezbollah is to our prices?
Dodging a bullet?
They didn’t cut and I don’t know what Powell said but it sounds like he guaranteed a cut in September, so the SM is going ballistic and that makes it OK for pm’s to go up to a lesser extent, but still decent.
I’m always skeptical anymore about everything pm and standard operating procedure is for them to take us down tomorrow and certainly on Friday with a rigged jobs report.
We will see. Hopefully we’ll keep going. The dollar is weakening into the close.
Maddog – that’s interesting
I didn’t know that about CNN. Is there really any doubt this was a demon/government/Globalist hit? Same people that rig our pm’s.
It’s manufactured, it was an assassination attempt by these very same people. They were ? sure it would be successful and the news cycle would immediately go from Trump’s death to “who will replace him” and chaos in the party. Much easier to sweep under the rug.
Now they are trying the same old tactics, covering up everything, that he was a left wing tranny, communist who was paid by BlackRock, trained and/or aided by someone in the government, and was provided encrypted overseas accounts.
We can no longer allow these people to run our government. Period. They need to be removed, no matter what it takes.
I have my doubts we’ll ever get the truth but the evidence is so overwhelming that this was allowed to happen – including new video evidence – that I don’t see how they don’t get to the bottom of it. Trump sure as hell should if he gets in. I just don’t see how they can let him in.
Buygold
I’m with u on Trump……he has still to be elected, so cannot go whole hog yet…..what he does once in the Oval Office , is another thing….plus one doesn’t know what may be exposed about the Blob/Dems, before the election…eg that asassination….
I read ystdy that CNN has not covered any Trump Rally since 2016…when a few of it’s very few viewers accused it of helping Trump win in 2016, by covering his Rallies……but they were at the Butler Rally !!!!!!
Captain
I part with you on Trump. He may toe the line with Israel, but not much else. He can’t unilaterally get rid of the Fed, it was a Constitutional Amendment. It will take two-thirds of the Senate and states.
If by “assassinated for real” you believe it was faked, I’d like to know why and how. A guy died and others were injured.
We’ll know just how far he’s willing to go when we see the cabinet members, but so far Vance is solid.
I’d hope Trump has learned and his number two makes it more difficult to kill him. If he gets in, I think he will go after people, how far up the food chain is anyone’s guess. Problem is still going to be getting him in office. We live in Venezuela right now.
This little rally is easily manageable if the Fed is hawkish. They’ll dump us below $2400 in a nanosecond. Dollar coming back.


