Loading ...at last the shorts are getting it……..and boy oh boy are they short NEM….as the scum use it to cap the HUI day in day out…..
Interesting day and AGI
So, NEM is carrying the ball and moving the HUI back toward the 265 area – which needs to break and get us a quick jump to 280. The good thing is that some of these other components are getting a little bit of a bid as well.
Unfortunately, they have the metals well contained, and it seems they’ve had to expend a fair amount of energy to do it. The problem is of course the same. We’re not going to see $3K anytime soon by moving $10 a day.
That being said, NEM is leading and so are the shares, just like back in the good old days. That gives me some hope that bigger moves may be on the way. The GDP report was screaming stagflation which should be the best scenario for our metals.
AGI’s earnings are puzzling, they met expectations but that’s not really a win. I’m wondering why they didn’t benefit from the higher metal prices. Anyone know if they hedge?
They’ve been a rising star but won’t continue to be if they’re hedging.
Bits of a puzzle
Watching a TV ad for reverse mortgages … wondering if Blackrock and their pals are involved? They pay out some fiat and end up owning real property. House after house turned into rentals … and the citizens turned into serfs.
One would think
that this bit of news would also help us in the metals arena. But “thinking” has proven to be a dangerous game in the pm world…..
The world’s largest global diversified miner, BHP Group, is making a monster bet on surging future copper demand with the proposed takeover of Anglo American Plc. The bet is based on the thesis that the world’s power grids need a major overhaul and that the electrification of the economy will unleash new demand for base metals. This also comes as market observers have warned about an impending shortfall of global copper mining supply.
According to Bloomberg, BHP proposed an all-share deal valued at £31.1 billion ($38.9 billion). The transaction depends on Anglo spinning off its South African iron ore and platinum businesses to its shareholders. The offer is conditional and non-binding at £25.08 a share, or about a 14% premium to Anglo’s closing share price on Wednesday.
Buygold
Well they’re not gonna cut because of a soft landing lol There gonna have to play damage control from Bidenomics.
PMs have held pretty well. The shell stocks and why it’s better not to have them very long if at all may not hold up as well.
GDP was ugly
Yet rates are soaring, 10 year heading back towards 5%
Dollar up a little.
SM needs a bailout. The big money is going to dismantle these tech giants one at a time. Meta goes first.
We should be soaring, but instead we get the usual.
The Fed will have to cut, but they shouldn’t.
GDP is not good
Looks like initially the market is gonna pull down everything with it except maybe the dollar I haven’t the checked. I’m out so don’t need to know right now.
Scum arrived on cue
What a take down!
Dog
— The Rabbit Hole (@TheRabbitHole84) April 25, 2024
Firming up
Enough with these $10-20 up days
I want to see the $50 C-wave rallies. ??
edit: and here they come, they are relentless. Aladdin programmed to keep pm’s at bay – at all cost
GDP numbers out
Don’t seem to be unfavorable to pm’s just yet, although the scum is all over the metals and keeps trying to drop the bid.
Whatever the number was, it appears the SM hates it, as the futures took another leg down.
Here we are faced with the same old dilemma, can we decouple from the SM? Not sure we’re there just yet. The scum just keeps grinding.
Founders Metals Engages Blue Coast Research for Preliminary Metallurgical Test Work
https://ceo.ca/@newsfile/founders-metals-engages-blue-coast-research-for-preliminary
Orezone Intersects 18.41 g/t Gold Over 8.00m and 22.17 g/t Gold Over 4.00m in Ongoing Exploration
https://ceo.ca/@globenewswire/orezone-intersects-1841-gt-gold-over-800m-and-2217
Plato Gold Reports on 2023 Year-End Results
https://ceo.ca/@globenewswire/plato-gold-reports-on-2023-year-end-results
AngloGold Ashanti Files Its 2023 Annual Report on Form 20-F and Amended Half-Year 2023 Form 6-K With the SEC
https://ceo.ca/@businesswire/anglogold-ashanti-files-its-2023-annual-report-on-form
Radius Gold provides update on drilling at Motagua Norte property, Guatemala
https://ceo.ca/@thenewswire/radius-gold-provides-update-on-drilling-at-motagua
OceanaGold Announces IPO Pricing For 20% Interest in OGPI
https://ceo.ca/@newswire/oceanagold-announces-ipo-pricing-for-20-interest-in
Volcanic Gold provides update on drilling at Motagua Norte property, Guatemala
https://ceo.ca/@thenewswire/volcanic-gold-provides-update-on-drilling-at-motagua
LUNDIN GOLD TO BUY OUT 100% OF STREAM FACILITY TO BECOME DEBT FREE
https://ceo.ca/@newswire/lundin-gold-to-buy-out-100-of-stream-facility-to-become
Newmont Reports First Quarter 2024 Results
https://ceo.ca/@businesswire/newmont-reports-first-quarter-2024-results
Xali Gold Announces a Modification to Deal Terms for SDA Plant in Mexico
https://ceo.ca/@globenewswire/xali-gold-announces-a-modification-to-deal-terms-for
Newcore Gold Announces Positive Updated Preliminary Economic Assessment for the Enchi Gold Project, Ghana
https://ceo.ca/@globenewswire/newcore-gold-announces-positive-updated-preliminary-fc644
Snowline Gold Consolidates 100% of Its Einarson Project and Acquires Adjacent Gold Target With Historical Drill Result of 9.7 Grams per Tonne Gold Over 38.7 M
https://ceo.ca/@accesswire/snowline-gold-consolidates-100-of-its-einarson-project
Galantas Report Annual Financial Results for the Year Ended December 31, 2023
https://ceo.ca/@globenewswire/galantas-report-annual-financial-results-for-the-year-1aa3c
Aurania Announces Increase in Size of Debt Settlement to C$2.07 Million
https://ceo.ca/@newsfile/aurania-announces-increase-in-size-of-debt-settlement
Artemis Gold Provides Q1 Update on Blackwater Mine Construction Progress
https://ceo.ca/@newswire/artemis-gold-provides-q1-update-on-blackwater-mine
Alamos Gold Reports First Quarter 2024 Results
https://ceo.ca/@globenewswire/alamos-gold-reports-first-quarter-2024-results
Thunder Gold Provides Update on Tower Mountain Gold Property and Announces Option Grant
https://ceo.ca/@newsfile/thunder-gold-provides-update-on-tower-mountain-gold
O2Gold Upsizes Private Placement and Provides Update on Quebec Aur Transaction
https://ceo.ca/@globenewswire/o2gold-upsizes-private-placement-and-provides-update
Equinox Gold First Quarter 2024 Financial Results, Annual Meeting and Corporate Update
https://ceo.ca/@newsfile/equinox-gold-first-quarter-2024-financial-results
CopAur Minerals Receives $1,000,000 in Cash and Three Million Shares of Omega Pacific Minerals Inc.
https://ceo.ca/@newsfile/copaur-minerals-receives-1000000-in-cash-and-three
Centurion Identifies High Quality Gold Target-Casa Berardi West Project; Acquires Additional Claims
https://ceo.ca/@newsfile/centurion-identifies-high-quality-gold-target-casa
Silver Mountain Announces Closing of Prospectus Offering
https://ceo.ca/@newswire/silver-mountain-announces-closing-of-prospectus-offering
Adamera Receives BLM Approval to Drill Multiple Targets on Buckhorn 2.0 Gold Project
https://ceo.ca/@thenewswire/adamera-receives-blm-approval-to-drill-multiple-targets
NEM blows away earnings estimates – stock up 5% premarket (edit: now 3.6%)
Hopefully this is just the beginning for the shares.
Newmont Q1 2024 Adj EPS $0.55 Beats $0.36 Estimate, Sales $4.023B Beat $3.670B Estimate
7:08 am ET April 25, 2024 (Benzinga) Print
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Have to go against the grain today
We’re up a little but the SM looks to give up some ground today after META earnings disappointed. It seemed the SM was a little shaky yesterday as well, it feels like the path of least resistance is down for now.
The question for us is always whether the pm sector can withstand a sliding SM. So far, so good, as far as April goes, but we’ll have to see if that continues when the SM finally falls apart in earnest. If it ever does.
Dollar a little weaker, rates flat, Bitcoin down 1/2%, still $60K+ overvalued. 🙂
The day when pm’s start to suck up a little of that stock and bond market cash will be glorious. 🙂
There’s some eco data that could be a potential landmine, GDP jumps out at me.
US debt to make Fed irrelevant, drive hard assets higher.
Markets starting to see it. Central banks don’t by miners so lagging, future good opportunity. Yield curve still deepening. Commodity rich smaller economy’s in country’s called emerging markets if you can watch the politics as far as risk. America’s going out of Vogue we know why. People getting multi passports some relinquishing their American citizenship to (more…)
Gerald Celente
Everythings cooled down, Congress gave our money away again, mid east conflict with Iran is over so gold went down. Nothing to see here.
Tic TOC
Are they worried about China getting data as the reason they want it controlled by a American company or do they want to censor it like they did to other social media sites and collect the data themselves. Is it out of the fire into the frying pan?
Buygold
Trump doesn’t have to many choices with his picks. There’s only a few. They’re recycled same old same old. That would be okay in the absence of corruption and if things were okay or stable but corruption has infiltrated is everywhere. It certainly opened our eyes just how bad it was as well as when I ummer was helping mobilizing them against America.
What our biggest problem is, is us. Trump can’t do everything but did a lot that was in his power anyways despite the conspiracy’s against him even in office. The scum behind the scenes didn’t hold bunch confidence with the rest of the world anything he did was going to last. Like the constitution, borders or economy. What makes me think we’re going to have to crash and burn or great civil unrest taking the law into our own hands throw these corrupt to the curb. Get control of our money back from these crooks and take our country back.
As it is now people just sit around waiting for someone like Trump’s to do everything for them, people take the credit for any good he did and blame him for any bad that happened that was supposed to be them watching and out of his control or power THEY should of been doing something about and or electing mayors and governors like sanctuary city’s, crime, state taxes driving business out, Covid lock downs. Useless
Now maybe I’ll check entry points for trannies. Actually commercial air went down hill since 911 adding more taxes and then covid drove off a lot of good workers and equity hiring in skilled areas made it worse.
Richard
Tranny’s, that’s strange. Quick check, see if it changed the climate.