Loading ...King Dollar decided to rally a bit. Metals still putting up a pretty good fight, but the HUI and most of the shares should be doing a lot better than they are. That’s pretty much been the way this rally has gone since the beginning.
Scum leaning on anything tangible…..
Looks like we a have a serious fight to try and break out higher, through the downtrends.
HUI 280
is a big level. If that breaks, 320 should come pretty quickly.
Given the move in the metals of the last couple months, we shouldn’t need the metals to be higher for these shares to go up, but that seems to be the game.
Japanese pop fading away
Due to population decline, houses in some areas of Japan are ridiculously cheap.
?
— Wall Street Silver (@WallStreetSilv) May 10, 2024
Looks like we’ll need that big buyer to step in today
Scum exerting their dominance.
Silver giving it up. Nevertheless, a really good week for silver.
Should be a no brainer
Republican Introduces Bill Requiring Proof Of Citizenship To Vote
https://www.zerohedge.com/political/republican-introduces-bill-requiring-proof-citizenship-vote
These storms haven’t amounted to much in the recent past. I guess that’ll be true until it isn’t.
World told to brace for ‘severe geomagnetic storm’ today – the first in nearly 20 years – which could bring chaos to mobile phone networks, GPS satellites and power grids
https://www.dailymail.co.uk/sciencetech/article-13402759/Severe-solar-storm-watch-alert-NOAA.html
Maddog @ 3:57
I was just kidding. I don’t think any other sectors have the potential that ours does at this time. finally!
HUI looks like it’s breaking out.
Cheers
American Creek’s JV Partner Tudor Gold Commences 2024 Exploration Drill Program at Treaty Creek, Golden Triangle, British Columbia
https://ceo.ca/@newsfile/american-creeks-jv-partner-tudor-gold-commences-2024
Golden Minerals Announces Sale of Velardeña Assets and Unifin Settlement
https://ceo.ca/@businesswire/golden-minerals-announces-sale-of-velardea-assets
AngloGold Ashanti Delivers Steady Start to 2024; Gold Production1 Up +2% y-o-y; Gold Production Guidance Reconfirmed and Obuasi on Track to Achieve FY 2024 Forecast Gold Production
https://ceo.ca/@businesswire/anglogold-ashanti-delivers-steady-start-to-2024-gold
IAMGOLD Reports First Quarter 2024 Results
https://ceo.ca/@newsfile/iamgold-reports-first-quarter-2024-results
Aurania Announces Closing of First Tranche of Private Placement and Closing of Debt Settlement
https://ceo.ca/@newsfile/aurania-announces-closing-of-first-tranche-of-private-970cc
ALLIED GOLD ANNOUNCES FIRST QUARTER 2024 RESULTS: ON TRACK FOR IMPROVING PRODUCTION, COSTS AND CASH FLOWS THROUGH THE REMAINDER OF THE YEAR WITH CORPORATE INITIATIVES FURTHER ENHANCING FINANCIAL FLEXIBILITY
https://ceo.ca/@newswire/allied-gold-announces-first-quarter-2024-results-on
Mayfair Gold Files Management Information Circular and Issues Letter to Shareholders
https://ceo.ca/@globenewswire/mayfair-gold-files-management-information-circular
Wheaton Precious Metals Announces First Quarter 2024 Results
https://ceo.ca/@newswire/wheaton-precious-metals-announces-first-quarter-2024
Osisko Development Provides Corporate Updates
https://ceo.ca/@globenewswire/osisko-development-provides-corporate-updates
Newfoundland Goldbar Announces Closing of Private Placement
https://ceo.ca/@newsfile/newfoundland-goldbar-announces-closing-of-private-placement
Guanajuato Silver Announces Closing of C$11.35 Million Brokered Financing
https://ceo.ca/@accesswire/guanajuato-silver-announces-closing-of-c1135-million
Reyna Silver Announces Second Tranche Closing and Upsize to Previously Announced Listed Issuer Financing Exemption (Life) Private Placement Of Units
https://ceo.ca/@accesswire/reyna-silver-announces-second-tranche-closing-and-upsize
Hanstone Gold Executes Asset Purchase Agreement
https://ceo.ca/@thenewswire/hanstone-gold-executes-asset-purchase-agreement
Outback Announces Signing of Definitive Agreement
https://ceo.ca/@newsfile/outback-announces-signing-of-definitive-agreement
West Red Lake Gold: “South Austin is a Very Important Part of the Mine Restart Plan”
https://ceo.ca/@thenewswire/west-red-lake-gold-south-austin-is-a-very-important
Globex’s Kewagama Gold Royalty Continues to Demonstrate Economic Potential
https://ceo.ca/@globenewswire/globexs-kewagama-gold-royalty-continues-to-demonstrate
Onyx Gold Announces Acquisition of Strategic WEAS Property in the Yukon
Some follow thru
Good to see of course, but it is a Friday so some caution may be warranted. I think we can take it to the bank that the scum does not want us going into the weekend optimistic about this week’s pm action.
Silver is up 1% but well off the highs. Gold faring better, also up 1% or so but only about $6 off the highs. Shares look firm again though, hopefully Maddog is onto something with new all-time highs on the horizon. Certainly the shares should be much higher than they are now, especially the large caps.
Anyhoo, looking good so far with the dollar and rates flat. Most everything is in rally mode, SM, Oil, etc. although Bitcoin is flat.
Hopefully we stay strong today.
Bob Moriarty 321 gold.
Gold will correct unless the US and Israel start WW111 but gold and silver have no value if everyone’s dead.
ipso facto
The PM shares via HUI are sitting just below huge down trend lines…that if broken point to an attack on the all time Hi’s…..Yes the SM can go ape up….but PM shares can go way more percentage wise….many are recovering from near death prices….the classic PM bull move…..and it seems the metal buyer has returned…
Mr.Copper
How can i invest betting on copper?
Do you like Taseko?
Maddog
Are we in the wrong sector? 
Nah I think we’ll be OK …
ipso facto
The SM has a v nice bull flag, that sets it up to explode higher.
Buygold
“The Fed is going to cut IMHO. They need the SM to stay inflated at all costs.”
I think so too … not to mention the interest on the existing debt!
Buygold
Looks like u were right our buyers are back….the way they took out the after numbers smash, was the first clue…now we have tehm still buying into the close….which might mean ETF covering, as they tend to work in the last 20 mins…..
Or the Chinese are back from Holidays……
Nice to see us actually rally into the close
I do wonder when the demand problem is going to hit earnings.
Deer79, Ipso
I find it interesting that all markets are rallying on a weekly jobs report. It was a big jump in new claims for a weekly, but that thing has been reported artificially low since Biden has been in office.
The economy is not just slowing, it’s falling off a cliff. ZH reported yesterday something like 40+% of restaurants can’t make their rent payments. Used car prices are cratering. I think that CPI will come in lower. The other thing I’ve noticed is that in the supermarket if things are overpriced, people just won’t buy them. Housing has completely crashed. Energy isn’t really a problem amazingly. The problem is demand and debt.
The Fed is going to cut IMHO. They need the SM to stay inflated at all costs.
deer79
Seems to me that there’s a lot of preliminary info that indicates we are going into an economic slowdown … provided the idiots don’t blow up the world!
JMO It’s gonna be a doozy!