Do you think the US government will confiscate and revalue gold like they did in 1933?
Total Voters: 36
Loading ...It only makes sense the M&A and revaluations will eventually drizzle down to the microcaps ……. but how many can hang on ??
? plug your nose and buy ……. feels like pissing money away ……..
My small caps golds are nothing but a wipe out ATM with gold at ATH …….. hehehe
Still loving All time Highs with da phyzz
“No One” knows when the worm will turn
Evening Friends
Winedoc
Costco rolls out emergency food kits that can keep you going for 11 YEARS – as World War III fears grow
You are wrong about that.
Momentum is now in our favor.
Just ask Michael Oliver. (he’s all over YouTube)
The smaller shares will get some love once stocks are in trouble for real.
Usually this is after the election when currency debasement rates fall (think Presidential Cycle).
This time however, because we are in the final cycle of our present system (the big cycle) – we should see ‘crack up boom’ dynamics – where monetary largess continues to accelerate with only minor interruptions – if any.
So, capital could flow into the smaller stocks sooner rather than later.
We are not seeing this yet to any large degree however, and a typical washout may still be in the cards once the broads roll over (think the credit cycle).
But with bullish signals unquestionably triggered now by the larger PM stocks already over the past year, it’s just a matter of time before the juniors join the party like they always do, in more mature stages of the larger cycle.
Patience is required.
I suspect this is why we don’t get any real money coming into the sector. Momentum players won’t touch it because there’s no sustainable momentum. That also pushes out the swing trades. We might get two or three days up, but then we give it all back in a day. There’s no reliable gauges (charts) something will break a moving average and then get slammed right back the next day.
The sector is too unreliable. That’s why we don’t see these juniors going anywhere. Not like it was 20 years ago, that’s for sure.
Gold open interest resumed climbing and is now 580,000 contracts and the highest since April 2022:
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The upcoming August contract, an active month, is in the middle of the roll period where open interest is typically declining by about 16,000 contracts per day. This typical reduction is due to traders closing the current contract and initiating a position in the incumbent month … in this case December.
However, the OI reduction over the last 2 days (July 15 and 16) has been nearly zero. Apparently new August positions are offsetting positions that have rolled. The OI for the August contract is now 265,000 contracts and slightly higher than average. There are 10 biz days to first notice, so there is plenty of time for the paper traders to roll, however this irregular OI trend could be an early indication of the propensity to stand for delivery. Perhaps some of those new contracts intend to remain for physical.
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You may recall that the most recent active month contract of June had a sharp rise in physical metal transferred … up 70% sequentially. Those 30,000 contracts is in the range of the huge delivery volumes in the aftermath of QE-infinity. The August contract could extend that momentum.
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The difference now is that registered gold is about 60% less than the peak vault totals during 2020 through early 2022:
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39% of registered gold transferred on the June contract. At some point deliveries will stress the physical market.
Again – it’s the physical market folks.
They buy it over here and take delivery in Shanghai.
Fireworks should ensue at some point.
Cheers all
When you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors—when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you—when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed.
Ayn Rand; Atlas Shrugged, 1957
… has had a significant supply deficit for the past three years (up to 500 million ounces) … for which price managers have been raiding Comex, LMBA, and ETF stocks to meet – and could have up to a 500-million-ounce deficit just this year … is why silver should be trading below $30. (perfectly logical right?)
So. they want their green agendas (think solar panels) but silver is not allowed to go up because that will expose the fallacy of fake money – that being their shitty fiat currency’s loss of purchasing power.
Why else would central planners conspire and contrive to push prices down?
Oh right … it’s because if silver goes up … gold will go up … and this would cause a big problem for mafioso central planners future PLANS for our lives. (so they can continue to steal your tax dollars, rape treasuries, and take your financial assets – because they know how to spend the money better on themselves)
That’s why they are doing their damdest to push silver below $30 right now going into Comex close.
Just for the record.
No just the SS with big guns on the other sloped roof across from that one. I don’t even believe there was anyone in that building either.
He just another fake joo mafioso like the rest of them.
Back over 81
sheesh
dog
Yeah outsized hit on silver. A little over the top, but I’m looking at WPM and it’s down $.12? Granted some of the others like AG and EXK are down 3%. Just seems mild to me in a shaky market.
Don’t like what they’re doing to silver but it seems fake. Like everything else in this world.
Too bad he’s on the side of the demons!
“Jamey Demon” He He
… becomes Treasury Secretary … does that mean PM suppression will remain a pillar of US policy.
Gee I wonder.
Oh and they may just have to slip CBDC’s in because everybody else is – even the BRICS.
So who says the Repubs aren’t commies too? Not me.
Unreal
Still, I don’t think the shares are acting all that bad yet. NEM is a champ. HUI only down a couple points. Not bad considering the QQQ’s. The dollar should be helping, so it’s an obvious contract dump in the silver market. Let’s see if the funds start to slowly cover their short positions to stem the drop. Hopefully they’ve gotten smarter.
… are allowing tech stocks to fall in order to attempt to trigger a selloff in PMs. (while the Dow rallies to show everything is just fine – this is Kabuki theater)
That’s how important PMs are.
They are continuing to short PMs hoping to knock the stupid specs over. Only thing is the bid and premiums in China’s physical and futures markets now control prices with the backstop that provides.
Metals Daily Exchange Volume & Open Interest – CME Group
If the price managers are not able to tip Comex speculators over before they must accelerate currency debasement rates commercials might be forced to cover their shorts.
That’s the big picture for PMs right now.
Everything is crossed.
… just who is behind Trump’s assassination attempt.
Looks like Crooks was known to Blackrock – was he an employee?
BlackRock says Thomas Matthew Crooks appeared in company ad (msn.com)
Only the shadow knows.
That would certainly explain a lot.
Unreal
“Should that roof have been secured?”
Director Kimberly Cheatle: “That building has a sloped roof. There’s a safety factor considered that we wouldn’t want to put somebody up on the sloped roof.”
QQQ’s down almost 2%. Course that’s nothing on a long term chart, doesn’t even register.
PM shares opened firm with gold but may have to pause a bit with silver.
Dollar down close 1/2% – go figure.
Ipso – exactly right. The whole thing stinks to high heaven.
edit: PM shares now firming up again. Metals to follow?
If the cop who climbed up the ladder after the sniper didn’t have the courage to confront the sniper when the sniper pointed his rifle at him he could have at least fired his weapon several times into the ground or into the air to alert the SS agents in the stands that they’d better get Trump to safety.
Also since it was a couple of minutes between the time the sniper was spotted and he fired, what about the communications net of the Secret Service? Did no one think that reports of a sniper on the roof were important enough to get Trump to safety?
Somebody’s got some splainin to do!
David Sacks Torches Biden For Provoking Ukraine “Forever” War
https://www.zerohedge.com/political/david-sacks-torches-biden-provoking-ukraine-forever-war
On Boil, I know you can target trade but FWIW I have discovered that with the growing demand for AI there is going to be a growing demand for energy to support it and that will be through natural gas demand as the main supporter. Alternative energy is not enough. They’re working on making more energy efficient chips but fact is they take up a huge amount of energy and the sector is growing. Down the road about 10 yrs natural gas resources stocks will be worth a whole lot more than they are today. Might be good for steady divis and passive income too.
Pampa Metals Closes Final Tranche of $3.55m Private Placement
https://ceo.ca/@accesswire/pampa-metals-closes-final-tranche-of-355m-private#google_vignette
Timberline Announces Date of Special Meeting and Publication of Proxy Statement to Approve its Proposed Merger with McEwen Mining
https://ceo.ca/@accesswire/timberline-announces-date-of-special-meeting-and-publication
GR Silver Mining Closes Marlin Gold Disposition Strengthening its Balance Sheet
https://ceo.ca/@newswire/gr-silver-mining-closes-marlin-gold-disposition-strengthening
OUTCROP SILVER INTERCEPTS 6.52 METRES OF 828 GRAMS SILVER EQUIVALENT PER TONNE AT THE AGUILAR DISCOVERY
https://ceo.ca/@newswire/outcrop-silver-intercepts-652-metres-of-828-grams
Heritage Mining Reports Successful SGH Orientation Survey
https://ceo.ca/@thenewswire/heritage-mining-reports-successful-sgh-orientation
Florida Canyon Gold Announces Binding Agreement to Sell Mexican Business Unit
https://ceo.ca/@newsfile/florida-canyon-gold-announces-binding-agreement-to
Usha Resources Options Southern Arm VMS Property from Abitibi Metals with ~7.3 km Copper-Gold Trend
https://ceo.ca/@accesswire/usha-resources-options-southern-arm-vms-property-from
Rackla Metals Commences Drilling at Hit Target, Eastern Tombstone Gold Belt
https://ceo.ca/@thenewswire/rackla-metals-commences-drilling-at-hit-target-eastern
G2 Goldfields Announces $42 Million Private Placement
https://ceo.ca/@globenewswire/g2-goldfields-announces-42-million-private-placement
Cabral Gold Drills 10m @ 3 g/t Gold at the Machichie West Target, Cuiú Cuiú Gold District, Brazil
https://ceo.ca/@newsfile/cabral-gold-drills-10m-3-gt-gold-at-the-machichie
Collective Mining to Commence Trading on NYSE American Under CNL
https://ceo.ca/@newswire/collective-mining-to-commence-trading-on-nyse-american
Liberty Gold Announces 20,000 Metre, Phase 1 Drill Program at Black Pine Oxide Gold Project, Idaho
https://ceo.ca/@globenewswire/liberty-gold-announces-20000-metre-phase-1-drill
Heliostar to Acquire Gold Portfolio of Producing Mines and Development Projects in Mexico for US$5M
https://ceo.ca/@newsfile/heliostar-to-acquire-gold-portfolio-of-producing-mines
Q2 2024 Production Results and Operational Highlights
https://ceo.ca/@globenewswire/q2-2024-production-results-and-operational-highlights
ORVANA REPORTS Q3 FY2024 PRODUCTION AND EXPLORATION UPDATE FROM OROVALLE, SPAIN
https://ceo.ca/@newswire/orvana-reports-q3-fy2024-production-and-exploration-912f0
Austral Gold Updates Mineral Resource Estimate at Casposo
https://ceo.ca/@newsfile/austral-gold-updates-mineral-resource-estimate-at-casposo
Alpha Exploration Announces $6.0 Million Private Placement Offering of Ordinary Shares
https://ceo.ca/@newswire/alpha-exploration-announces-60-million-private-placement
SUN VALLEY GOLD LLC: EXPIRY OF WARRANTS OF VISTA GOLD CORP.
https://ceo.ca/@newswire/sun-valley-gold-llc-expiry-of-warrants-of-vista-gold
Aurion Announces Upsize of Brokered Private Placement to up to CAD$6.5 Million
https://ceo.ca/@newswire/aurion-announces-upsize-of-brokered-private-placement-048f0
ARIS MINING REPORTS H1 2024 PRODUCTION, PROVIDES EXPANSION PROJECTS UPDATE AND REAFFIRMS FULL YEAR 2024 GUIDANCE
https://ceo.ca/@newswire/aris-mining-reports-h1-2024-production-provides-expansion
Aztec Minerals Announces Non-Brokered LIFE Offering of up to C$1.5 Million
https://ceo.ca/@thenewswire/aztec-minerals-announces-non-brokered-life-offering
Visible Mineralization Allows Masivo to Extend Drilling Depth on Hole For The Third Time
https://ceo.ca/@newsfile/visible-mineralization-allows-masivo-to-extend-drilling
Equity Reports Initial 2024 Drill Results from the George Lake Target at the Silver Queen Project, BC and includes 8.8 metres (est TT) of 324g/t AgEq with 1.2 metres (est TT) of 1189g/t AgEq in Hole SQ23-105
https://ceo.ca/@newsfile/equity-reports-initial-2024-drill-results-from-the
Colibri Partner Reports Drill Results from Five Holes at the Pilar Gold and Silver Project in Sonora
https://ceo.ca/@newsfile/colibri-partner-reports-drill-results-from-five-holes
RUPERT RESOURCES ANNOUNCES UPSIZE IN BOUGHT DEAL EQUITY FINANCING TO $25 MILLION
https://ceo.ca/@newswire/rupert-resources-announces-upsize-in-bought-deal-equity
Emperor Now Focusing on Extending Duquesne West Conceptual Open-Pit Model Eastward
https://ceo.ca/@globenewswire/emperor-now-focusing-on-extending-duquesne-west-conceptual
Sarama Provides Corporate Update
https://ceo.ca/@accesswire/sarama-provides-corporate-update
Cascada Reports Results from the Special Meeting of Shareholders and Provides Update on Exploration Activities
https://ceo.ca/@newsfile/cascada-reports-results-from-the-special-meeting-of
London has silver on the ropes and a cap on gold at this early hour. Gold flat but hanging in.
What’s interesting is the dollar is getting battered. Looks like the dollar fell below its 50 dma a few days ago, and after a small bounce seems to be gaining downside steam. We got fooled by the last move down so nothing is certain. Oil, rates, Bitcoin are all flat.
Oddly enough, the SM futures are a bit ugly. Wouldn’t expect that with the weaker dollar.
Maya – you’re right about that. The deep state has its backs against the wall right now and are like cornered rats. Despite some hope that Trump and new Repubs will help shift direction, we are in very dangerous times with people that care nothing of the country and only about power. True psycho and sociopaths. I doubt they will go quietly into the night.
Watched the RNC last night. There were some of the most refreshing speeches and testimonies I’ve ever heard outside of church. There were a lot of heroes in the room and the audience rewarded them with cheers and applause. There were also a couple of goats, both Speaker Mike Johnson and Mitch McConnell were booed when they began to speak. The Republican party is no longer a country club for men that want to get along and get rich off our backs. It was very, very refreshing. Ramaswamy, DiSantis, Carson, Huckabee, and several others hit the ball out of the park.
We are on a war footing right now against the administrative, Globalist, deep state and we have some much-needed leaders.