Wow, did Trump say he was just kidding about tariffs?
Monster reversal in the SM. Shorts getting murdered.
Maddog, I see. I’d like that to be the end of the silver crush, but sounds like you think we may have some more shenanigans ahead.
Buygold
Re silver shorts…..they are way too short to be this easily covered………
Plus if this was an organised hit they will have bought loads of puts, to accelerate the fall …..as we are only the 7th of the month, the options are still open…if we rally more, they will have to lift the delta hedges on the puts….the SM could really run.
Yup, here comes NEM
Just way too cheap with gold still at $3K. They beat estimates last quarter by a country mile. No reason this should be much different unless the analysts have jacked up their numbers.
QQQ’s coming back not hurting us either. If gold can manage to reverse course like silver has, this could be a very big day.
Friday was way overdone for the shares IMHO. Silver over the last two day was just nuts as well, I hope those short silver got out while they could.
Crimex in full control
Appears the problems have shifted from NY back to London.
No worries in NY, except for those long the SM.
The Globalist’s have the pedal to the metal. If I had any investable cash, I’d be all over NEM and a few others.
Interesting that bonds are selling off a bit with the SM getting hammered.
Gratifying to see BTC down vs gold
BTC at around 77,000. What was the peak? Well over 100,000.
When the chips are down …
Morning Maddog
Looks like the LBMA especially was neck deep in silver shorts. The Crimex has been fighting pm’s pretty hard the last few days.
They keep probing and trying to push the SM higher this am, my gut says maybe there’s an oversold bounce in the works for the SM.
Hard to say if that means anything to pm’s but some of the shares are just ridiculously cheap. NEM comes to mind @ $43?
Typical NEM though, they were upgraded by Goldman and a couple others last week.
Gold, silver reverse losses and soar to session highs as rest of the world implodes. Transition from fiat to non-fiat accelerating.
goldielocks @ 0:16
I’m sure it irks Greta that she has such a squeaky little voice!
DynaResource Reports Year End 2024 Results Demonstrating a Return to Profitability in Q4 2024 at the San Jose de Gracia Mine
https://ceo.ca/@newsfile/dynaresource-reports-year-end-2024-results-demonstrating
Sun Summit Files NI 43-101 Technical Report for the Inaugural Mineral Resource Estimate on the Buck Project, Central B.C.
https://ceo.ca/@newsfile/sun-summit-files-ni-43-101-technical-report-for-the
FORTUNE BAY TO INCREASE NON-BROKERED PRIVATE PLACEMENT
https://ceo.ca/@newswire/fortune-bay-to-increase-non-brokered-private-placement-158aa
Southern Cross Gold Increases Drill Rigs to Eight and Updates Regional Programs at Sunday Creek, Australia
https://ceo.ca/@newsfile/southern-cross-gold-increases-drill-rigs-to-eight-and
Hannan Extends High-Grade Gold Mineralization at Previsto in Peru
https://ceo.ca/@newsfile/hannan-extends-high-grade-gold-mineralization-at-previsto
NEW GOLD CONSOLIDATES 100% INTEREST IN ITS NEW AFTON MINE
https://ceo.ca/@newswire/new-gold-consolidates-100-interest-in-its-new-afton
Wesdome Gold Mines to Acquire Angus Gold; Quadruples the Eagle River Land Package
https://ceo.ca/@GlobeNewswire/wesdome-gold-mines-to-acquire-angus-gold-quadruples-7dca9
Exploration update at Palito, Coringa and São Domingos
https://ceo.ca/@GlobeNewswire/exploration-update-at-palito-coringa-and-so-domingos
Defiance Silver to Acquire Mexico-Focused Green Earth Metals
https://ceo.ca/@newsfile/defiance-silver-to-acquire-mexico-focused-green-earth
Self-Directed Gold IRA Podcast With Precious Metal Company Reviews Announced
https://ceo.ca/@newsfile/self-directed-gold-ira-podcast-with-precious-metal
Dynacor Group Says Go for Gold and Support Your Team
https://ceo.ca/@businesswire/dynacor-group-says-go-for-gold-and-support-your-team
CSE Bulletin: Name and Symbol Change – Peak Minerals Ltd. (PEK)
https://ceo.ca/@newsfile/cse-bulletin-name-and-symbol-change-peak-minerals
Northern Dynasty Makes Annual Filings
https://ceo.ca/@accesswire/northern-dynasty-makes-annual-filings-79d03
Future-Focused Barrick Sets Sights on 30% Production Growth by 2030
https://ceo.ca/@GlobeNewswire/future-focused-barrick-sets-sights-on-30-production
VIZSLA SILVER TEMPORARILY PAUSES FIELD WORK
https://ceo.ca/@newswire/vizsla-silver-temporarily-pauses-field-work
Canary Gold Corp. Maiden Drilling Program to Commence Next Week
https://ceo.ca/@thenewswire/canary-gold-corp-maiden-drilling-program-to-commence
Northisle Announces Filing of NI43-101 Technical Report for North Island Project
https://ceo.ca/@businesswire/northisle-announces-filing-of-ni43-101-technical-report
CEO.CA’s Inside the Boardoom: Lode Gold Shifts Focus to Underground Mining with Positive 2025 MRE Results at Fremont Project, USA
https://ceo.ca/@newsfile/ceocas-inside-the-boardoom-lode-gold-shifts-focus
Silver Tiger Announces Filing of Final Short Form Prospectus
https://ceo.ca/@newswire/silver-tiger-announces-filing-of-final-short-form-prospectus
Dolly Varden Silver Engages ICP Securities Inc. for Automated Market Making Services
https://ceo.ca/@newsfile/dolly-varden-silver-engages-icp-securities-inc-for
GoGold Announces Closing of C$86 Million Bought Deal Financing
https://ceo.ca/@newsfile/gogold-announces-closing-of-c86-million-bought-deal
Bullion Gold Completes Transaction on Bousquet Property with Olympio Metals and Closes Financing
https://ceo.ca/@newsfile/bullion-gold-completes-transaction-on-bousquet-property
Riverside Resources Receives Final Court Approval for Spin-Out of Blue Jay
https://ceo.ca/@newsfile/riverside-resources-receives-final-court-approval-for
ESGold Corp. Completes Financing of over C$3.4 Million to Initiate Final Construction Phase at Montauban
https://ceo.ca/@newsfile/esgold-corp-completes-financing-of-over-c34-million
Silver47 Announces Its Final Closing of $9.8 Million Non-Brokered Private Placement
https://ceo.ca/@newsfile/silver47-announces-its-final-closing-of-98-million
Labrador Gold Provides Corporate Update
https://ceo.ca/@GlobeNewswire/labrador-gold-provides-corporate-update
Confluence of events
https://zamin.uz/en/world/147553-russia-has-fallen-into-an-oil-trap.html
Opec has raised production, slightly more than anticipated plus Saudi Arabia has cut prices by $ 2.30…all as the Tariffs hit……and u can bet that the Opec members in the know, loaded up with puts before it was all announced, so once the Tariffs news hit, the Algo’s had to delta hedge at mkt, loads and loads of puts…hence the Oil mkt fell apart…..
Russia may have agreed to all this, as if the war ends, their expenditure goes right down……and of course Trump gets a cheaper oil price….being on the inside, at the moment….sure helps.
Buygold
This strength in Silver is the confirmation that it was being sat on,,……I wonder if Soros and his cum mates got caught short and just kept adding and are useing this gift to cover…..if so they are no way near out.
ferret
I too still have friends getting problems, that are almost certainly vaxx related…as you say this dog ain’t finished yet…..
At one point over the last couple of days, looking at the charts, I wondered if this was the start of the mkts realising just how bad the economy could be hit, by so many health problems/deaths, from the Vaxx’s. !!!!!
Wild night
Good night for pm’s though.
Silver has traded in a whopping $3 range. Was down as much as $1.95, and up as much as $1.16, currently up $.57
Gold was down as much as $37 and up as much as $36. Currently sliding back down $17
Still, PM’s are the only things other than bonds that have been up tonight. Bitcoin has recovered half its losses, but still down 3%
Clearly London took the opportunity to cover some shorts in silver.
PM shares are being obliterated in the premarket and look way overdone to me. Not in line with the metals at this point. If the metals continue to outperform today, I believe these shares will be bought with both fists down here.
Action in the Crimex will be quite telling.
Ferrett
So many side effects they won’t even relate them to its cause.
A friend has just had her second stroke at 54.
Her quack has said no more vaccines for you. Bit bloody late. Oh, and we won’t mention the growth on her kidney, at least not in the same sentence as strokes and vaccine. Someone might think that was related too! This dog has a long way to run yet.
ferret
the one constant from the admin, is they can’t go on as before…..that way lies bankruptcy….the vast majority of critics offer nothing but more of before……
we now have to see if the economy and tax revenue hold as well…though a dip first is very possible.
Sunday Night ugly
At least Bitcoin has finally joined the fray, down near 7%. Oil sporting a $59 handle.
On a relative basis, gold is shining down less than 1%
Nasdaq down 5%
We’ve seen things go both ways in the past, we continue down tomorrow or we hit a spike bottom and recover.
Hitting the financial system and playing the money game is the only thing the Globalists have left. They’ve lost the American public, except for the lunatics. New Poll – 73% of American approve of the work DOGE is doing. I’m sure that number is the same for those that want to see politicians arrested.
Crazy times.