Loading ...Rates kick up. SM swoons like the world ended, dollar explodes and PM’s get beaten to death……All of which is supposedly happening because the Fed will tighten, as they have it all under ncontrol…..when in fact, they could not be less in control……Tks to the size of the debt……all they can and will do is print…..
Mr. Copper – “I said we’ll see” we now see
Looks like the CPI numbers came in hotter than expected, and since inflation is bad for gold, we’re getting whacked as the dollar and rates scream higher. The march toward sub $2K rages on, looks like the breach below may happen today.
This day may be especially ugly as the SM is under serious pressure. With the metals getting torched, the pm shares will get thrown into the trash with the SM.
and the beat goes on….
Endeavour Silver Provides Q4 2023 Construction Progress Update On the Terronera Mine
SSR Mining Issues Multi-year Guidance and Technical Reports for All Operating Assets Featuring Production Growth Approaching 800,000 Ounces by 2027 at AISC Trending Towards $1,300 Per Ounce
North Peak Reports at Least 8 Zones up to 9.5% Zinc and 4.6% Lead on Its First Exploration Hole in Eureka, Nevada, Along with a New Gold Zone of 0.6 g/t Au over 3.1 Meters
VIZSLA SILVER ANNOUNCES UPDATE ON ROYALTY SPINOUT
McEwen Mining: 2023 Production and Guidance for 2024
NEVADA KING ANNOUNCES SPIN-OUT OF NON-ATLANTA CLAIMS PORTFOLIO AND FULLY ALLOCATED $9.75-MILLION NON-BROKERED PRIVATE PLACEMENT
i-80 Gold Announces High-Grade Results from Underground Drilling at Cove
Probe Gold Announces Updated PEA for Novador Project, Quebec; 23% increase in Average Annual Production to 255,000 ounces, Pre-Tax NPV5% of C$1.53 Billion, and Pre-tax IRR of 34.4%
Guanajuato Silver Produces 329,934 Silver-Equivalent Ounces in January 2024
VIZSLA SILVER REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS AT LA LUISA
Sky Gold Corp. Defines Multiple High-Quality Targets on its Shebandowan Ni-Cu-Co-PGE Property in Northwestern Ontario
https://ceo.ca/@accesswire/sky-gold-corp-defines-multiple-high-quality-targets
Heritage Mining – 2023 Program Update & Six New High-Grade Targets
https://ceo.ca/@thenewswire/heritage-mining-2023-program-update-six-new-high-grade
SONORO GOLD ANNOUNCES REVISED $1 MILLION PRIVATE PLACEMENT
https://ceo.ca/@globenewswire/sonoro-gold-announces-revised-1-million-private-placement
Collective Metals finds High Priority Targets at the Lamont Ridge-Findlay Target on its Princeton Property
https://ceo.ca/@globenewswire/collective-metals-finds-high-priority-targets-at-the
Sanu Gold Expands Footprint of Key Targets at the Bantabaye Permit in Guinea, West Africa
https://ceo.ca/@newsfile/sanu-gold-expands-footprint-of-key-targets-at-the-bantabaye
Silver Dollar Samples Up to 4,311 g/t AgEQ at its 100%-Owned La Joya Silver Project
https://ceo.ca/@newsfile/silver-dollar-samples-up-to-4311-gt-ageq-at-its-100-owned
Strikepoint Gold Announces up to CAD $2.0 Million Private Placement
https://ceo.ca/@newsfile/strikepoint-gold-announces-up-to-cad-20-million-private
Big Gold Announces Results from Infill Sampling of Historic Core, including 1.46 metres of 10.9 g/t Gold, 34.1 g/t Silver, 0.5% Copper, and 1.8% Zinc
https://ceo.ca/@newsfile/big-gold-announces-results-from-infill-sampling-of
Avino Provides Outlook for 2024 and Highlights Its Major 2023 Milestones
https://ceo.ca/@accesswire/avino-provides-outlook-for-2024-and-highlights-its
Condor Reports Results from its Maiden Pucamayo Drill Program
https://ceo.ca/@accesswire/condor-reports-results-from-its-maiden-pucamayo-drill
Headwater Gold Announces Additional High-Grade Gold Drill Results from the Spring Peak Project, Nevada
https://ceo.ca/@thenewswire/headwater-gold-announces-additional-high-grade-gold
Meridian’s EM Surveys Unlock Both West and South Extensions to Santa Helena VMS Deposit
https://ceo.ca/@accesswire/meridians-em-surveys-unlock-both-west-and-south-extensions
Bravo Intercepts Deeper, Wider and Higher-Grade PGM+Au+Ni Mineralization in the Central Sector, Luanga Project
https://ceo.ca/@newswire/bravo-intercepts-deeper-wider-and-higher-grade-pgmauni
G2 Drills 15m @ 6.3 g/t Au; 10.3m @ 3.7 g/t Au and 41.5m @ 0.75 g/t Au in new Discovery Area
https://ceo.ca/@globenewswire/g2-drills-15m-63-gt-au-103m-37-gt-au-and
Chesapeake Announces Preliminary Metallurgical Test Results Demonstrating up to 97% Gold Recoveries at Lucy Project
https://ceo.ca/@newsfile/chesapeake-announces-preliminary-metallurgical-test
Element79 Gold Reports Additional High-Grade Results from Pillune, Sando Alcalde regions of Lucero Project
https://ceo.ca/@thenewswire/element79-gold-reports-additional-high-grade-results
Mitre Mining Corporation Chile acquisition sets it up to establish major silver-gold resource
https://ceo.ca/@thenewswire/mitre-mining-corporation-chile-acquisition-sets-it
Lahontan Gold Reviews 2023 Milestones and Plans for 2024
https://ceo.ca/@accesswire/lahontan-gold-reviews-2023-milestones-and-plans-for
The stock market is looking a lot like it did before the dot-com and ’08 crashes, top economist says
parts
“With each passing day, this has the feel of being a cross between 1999 and 2007. It is a gigantic speculative price bubble across most risk assets, and while AI is real, so was the Internet, and so were the high-flying stocks that populated the Nifty Fifty era,” he said, referring to the group of 50 large-cap stocks that dominated the stock market in the 60s and 70s, before falling by around 60%
“With each passing day, this has the feel of being a cross between 1999 and 2007. It is a gigantic speculative price bubble across most risk assets, and while AI is real, so was the Internet, and so were the high-flying stocks that populated the Nifty Fifty era,” he said, referring to the group of 50 large-cap stocks that dominated the stock market in the 60s and 70s, before falling by around 60%
Mr. Copper
Off the highs today for the shares, but at least didn’t crater with the Nasdaq as is the norm.
I agree about gold, and still believe silver, and to a lesser extent the shares are the key.
We will see. The SM is certainly overextended to say the least. Especially tech.
@Buygold
I agree. Plus Silver got so low its up for three days now. If Silver rockets back up to $24 or $25, gold should do better. Besides that, TPTB or deep state are in a losing trend. They can’t win. In my opinion of course.
Plus knocking Silver down probably helped Gold drop. Also they like to knock Gold down before the open, probably to scare people, but they lose part of their bash during the day. Look at Silver and Gold going opposite each other.
https://finviz.com/futures_charts.ashx?t=METALS&p=h
Plus again. The Bonds look ready for a bounce, (lower rates) and the Dollar looks ready for a drop. And the idiots running things simply didn’t raise rates high enough, like in the 1970s.
Bonds: https://finviz.com/futures_charts.ashx?t=BONDS&p=d
US Dollar https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d
Another point. The Fediots must have sweat on their upper lips watching the general market going up like Silver and Gold in the 1970s. (And the high real estate market.) The Dow was under 1000 from ’68 to ’82. Everything cost about 20 times more. So a 1000 Dow should be 20,000 today, not almost 40,000.
Dow SnP https://finviz.com/futures_charts.ashx?t=INDICES&p=m
Mr. Copper
If gold can shake off its early losses, we may be carving out the bottom you’ve been looking for, or at least a bounce of some sort.
Shares are doing pretty well, although it’s hard to tell if it’s because of the strength in the SM. OTOH, they’ve been up all day, despite the lackluster performance of the metals. No real volume in the shares today but if we’ve bottomed for a while that will change. The dollar may be getting tired and the COT report was encouraging.
The first decent thing I’ve had to say in a long time. We’ll see. Staving off $2K for now.
FWIW…
James Kunstler looks beyond the necessary disruptions.
Glimpse of the future?
Travel Restrictions Next? https://t.co/df5bVNExdm
— Willem Middelkoop (@wmiddelkoop) February 11, 2024
It is only a matter of time before it becomes mandatory.
They will start mandating the use of rental properties and Airbnb properties for illegals (fake refugees). Then if that is not enough, other properties will be confiscated or mandated to make available for the fake… https://t.co/HOLCZ00aYx
— Wall Street Silver (@WallStreetSilv) February 11, 2024
First Eagle Investment Reduces Stake in Novagold Resources Inc
Perpetua Resources Receives up to an Additional $34.6 Million Under the Defense Production Act
NEVADA KING INTERCEPTS 3.52 G/T AU OVER 61.0M AND 6.05 G/T AU OVER 41.1M INCLUDING 19.44 G/T AU OVER 7.6M, EXTENDS OXIDE MINERALIZATION 300M NORTHWEST OF THE ATLANTA PIT
TDG Gold Assays 43 Metres Of 2.11 G/T AuEq From 20 Metres Depth at Shasta, Toodoggone
https://ceo.ca/@accesswire/tdg-gold-assays-43-metres-of-211-gt-aueq-from-20
Sun Summit Defines Multiple High-Priority Gold Targets at the Creek Zone, JD Project in the Toodoggone District, North-Central B.C.
https://ceo.ca/@newsfile/sun-summit-defines-multiple-high-priority-gold-targets
Talisker Announces Completion of Decline Construction at the Mustang Mine
https://ceo.ca/@globenewswire/talisker-announces-completion-of-decline-construction
Mawson’s Subsidiary SXG Reports Nine Holes from Sunday Creek Four > 100 G/T AuEq X Metre (Cumulative) Demonstrating Continuity and Predictability. New Vein Discovery
https://ceo.ca/@accesswire/mawsons-subsidiary-sxg-reports-nine-holes-from-sunday
Outcrop Silver Announces Marketing Service Agreement
https://ceo.ca/@newswire/outcrop-silver-announces-marketing-service-agreement
Golden Arrow Provides Update on Option Agreement at the San Pietro IOCG Project
https://ceo.ca/@newswire/golden-arrow-provides-update-on-option-agreement-at
Go, Vivek-!!
Did Donald Trump Enter Mar-A-Lago With His VP Pick? Video Intensifies Rumors
President Trump and Melania entered Mar-a-Lago with former GOP presidential candidate Vivek Ramaswamy and his wife, Apoorva.
Video footage of the two couples entering Mar-a-Lago together has intensified rumors that Ramaswamy will be Donald Trump’s running mate.
WATCH:
NEW: Vivek Ramaswamy spotted at Mar-a-Lago with Donald Trump as VP rumors continue to heat up.
???
The development comes just 1 week after the New York Times suggested Vivek would be Trump’s VP pick.
“If you’re Trump, you think — no, you know — that your greatest asset is… pic.twitter.com/Uh9hDnZ2fs
— Collin Rugg (@CollinRugg) February 11, 2024
Collin Rugg writes:
Vivek Ramaswamy spotted at Mar-a-Lago with Donald Trump as VP rumors continue to heat up.
The development comes just 1 week after the New York Times suggested Vivek would be Trump’s VP pick.
“If you’re Trump, you think — no, you know — that your greatest asset is your supreme, inimitable, undiluted Trumpness, so you want a second serving of that, a force multiplier of it, a walking, talking tribute to, emulation of and genuflection before it,” opinion writer Frank Bruni said.
“You want Vivek Ramaswamy.”
VP Speculation Explodes When Donald Trump enters Mar-a-Lago with Vivek Ramaswamy. How do you feel about this? Is he your pick? pic.twitter.com/RNPlJfabPf
Maya
Tks for the info
The clue I got that Biden is out, was that Press conference, the Press have been told they can get him.
I maybe stating the obvious, but the way I see yr election developing, is that Biden has become such a lousy candidate, tks to his exposure of being in the Oval Office, that no-one will believe that he could beat Trump… the cheating would have to be insane.
So they have to put up someone more plausible, who they will proclaim as the next Messiah….and cheat them in…..As for Hellary….this is her last chance……as another Dem might get two terms…..will she behave for the party or lay waste, as only she can, to get her ultimate prize….My bet is she will lay waste, when I think about it, as she is way more evil than any of them.
Super Bowl Indicator
… says the market is going DOWN. Fasten seatbelts!
Maddog @ 18:43
Not much has been said about the Hildebeast’s health problems that were an issue in the last campaign. Is she still stumbling on stairs with brain issues? Trump trounced her once… does she really need a repeat beating?
Big Mike once said in a TV interview that asked if he/she/it would consider a run for president. After a pregnant pause, the cautious reply was: “That’s not really me” and appeared very reluctant. Allegedly does not like “being on display”.
Now Gruesome… that political dog will take any bone that is thrown to him, IMO. But I don’t think Californicated socialism will beat out MAGA.
silverngold @ 11:56
Birth issues aside, Obummer was raised in Hawaii by his banker Grandmother, and went to the finest private school in Honolulu.
Looks like Joe Dementia, has been thrown under the Bus….who replaces him …..Gruesome or Big Mike
Even the NY Slimes, has abandonned him….but what about Hellary….as this must be her last chance….
https://www.dailymail.co.uk/news/article-13071135/joe-biden-new-york-times-warning.html
That would be something!
For The First Time Ever, Poll Shows Le Pen Winning French Presidency In The Second Round
Digital ID and crypto
All these different cryptos across the world to deal with to control and rip you off, hacking and making things complicated depending on electricity and computers is going to be a clusterbuck.
Hopefully Trump can get Congress to put in cement that no matter what they come up with they cannot eliminate the cash in dollars.
Taibbi interview from Fox
Good to see the younger crowd starting to pay attention. They need to be paying attention and filtering out both sides. Demoncraps are obvious but the some of the do nothing or rinos are not so obvious and just as detrimental either siding with them or doing nothing.
They are going as one person put it state to state like a territory taking over like they did to Minnesota and Texas targeting and the Republicans just walk away and not even a attempt to get it back. It’s not just about voting, it’s not gonna solve the problem when one state after the next is being taken over till there’s nothing left to vote for. Even preparing while the Dems are always out in full force or defending their own and letting them get picked off one by one. It will be their own fault.
Anyways Taibbi dives deeper within the matrix. I’m struggling with the prospect of going silent. I’ve been warned about being shadow banned and followed and to be very careful who I talk to that may not be who I think I’m talking to and not to open any links that I’m not sure if it’s a real link.