Ipso
$48K works. 🙂
These governments, especially the US would be wise to just revalue gold and back their currencies.
I suspect they’d charge private citizens with gold a windfall tax of about 80% though. No way they let Joe Public get rich on Jewelry. 🙂
GFI dropped the ball again
problems with yet another mine down in Chile now. They’ll weigh on the HUI. Last time they stumbled it was a decent buying op as they recovered pretty quickly. This time, who knows.
So much risk with these miners.
Lahontan Provides Corporate Update
https://ceo.ca/@accesswire/lahontan-provides-corporate-update
Radius Gold Extends Drill Program on Plata Verde Silver Project
https://ceo.ca/@thenewswire/radius-gold-extends-drill-program-on-plata-verde-silver
LAURION Reports Promising Summer 2024 Results: Channel Samples Yielding up to 24.9 g/t Au across 0.65 m and Grab Samples Yielding up to 73.2 g/t Au
https://ceo.ca/@thenewswire/laurion-reports-promising-summer-2024-results-channel
Thor Explorations Announces Financial and Operating Results, for the Three and Six Months Ending June 30, 2024
https://ceo.ca/@newsfile/thor-explorations-announces-financial-and-operating-5f252
O2Gold Provides Update on Quebec Aur Transaction; Closes Final Tranche of Private Placement
https://ceo.ca/@globenewswire/o2gold-provides-update-on-quebec-aur-transaction-closes
Goldgroup Announces Proposed Non-Brokered Private Placement
https://ceo.ca/@thenewswire/goldgroup-announces-proposed-non-brokered-private-placement
Antler Gold Provides Update on the Erongo Gold Project Option Agreement
https://ceo.ca/@newsfile/antler-gold-provides-update-on-the-erongo-gold-project
Sasquatch Resources Exercises Option to Acquire Mineral Claim Comprising The Company’s Mount Sicker Property
https://ceo.ca/@accesswire/sasquatch-resources-exercises-option-to-acquire-mineral
Element79 Gold Corp Provides Update on Nevada Portfolio
https://ceo.ca/@thenewswire/element79-gold-corp-provides-update-on-nevada-portfolio
Vizsla Royalties to Commence Trading on TSX Venture on August 26, 2024
https://ceo.ca/@newsfile/vizsla-royalties-to-commence-trading-on-tsx-venture
Sokoman Minerals Commences Phase 1 Diamond Drilling Program at the Fleur de Lys Gold Project, Northwestern Newfoundland
https://ceo.ca/@accesswire/sokoman-minerals-commences-phase-1-diamond-drilling
Dolly Varden Silver Releases Assays on ‘Daughter Holes’ in the Wolf Zone and Raises $28 million
https://ceo.ca/@thenewswire/dolly-varden-silver-releases-assays-on-daughter-holes
Colibri Samples 4.64 g/t Au at the EP Project, Caborca Gold Belt, Sonora, Mexico
https://ceo.ca/@newsfile/colibri-samples-464-gt-au-at-the-ep-project-caborca
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz/ton Silver, Sierra County, California
https://ceo.ca/@globenewswire/north-bay-resources-announces-first-gold-concentrate
Westhaven Expands Claim Package at the Shovelnose Gold Property
https://ceo.ca/@globenewswire/westhaven-expands-claim-package-at-the-shovelnose-gold
Bravada Announces Private Placement and Acquisition of New Gold Project in Nevada
https://ceo.ca/@newsfile/bravada-announces-private-placement-and-acquisition
Hi-View’s Golden Stranger Property Returns Gold and Silver Sample Results and Anomalous Gold Zones
https://ceo.ca/@globenewswire/hi-views-golden-stranger-property-returns-gold-and
With Mine-Restart in Focus, West Red Lake Gold Explores Along 3-Kilometer Strike for New Discoveries
https://ceo.ca/@thenewswire/with-mine-restart-in-focus-west-red-lake-gold-explores
Ridgeline Minerals Executes Exploration Earn-In Agreement with South32 at the Selena Project, Nevada
https://ceo.ca/@newsfile/ridgeline-minerals-executes-exploration-earn-in-agreement-ffb55
Significant Results From Historical Drill Hole Infill Assay Program at Belltopper
https://ceo.ca/@globenewswire/significant-results-from-historical-drill-hole-infill
Geologica Receives Exemption to Acquire a Permit to Conduct IP Survey at Topley Cu/Au Project
https://ceo.ca/@newsfile/geologica-receives-exemption-to-acquire-a-permit-to
Bouncing back
Everything is bouncing this am. SM, PM’s, Oil, Bitcoin. The dollar is a little weaker.
Very early and the only thing that matters is what happens when Powell speaks, or his speech is leaked to Steve LIESman on CNBS.
If they’ll turn us back down, that’s when they’ll do it.
So, just watching and waiting to see what happens. Hopefully this sticks, as silver has recovered almost all losses from yesterday, gold about half. Not something I’m comfortable banking on though.
Some light
In a huge win for Election Integrity, the US Supreme Court has upheld Arizona’s law requiring proof of citizenship to register to vote.
This does not clear up the issue with 40,000+ existing voters on the voter rolls who are registered for federal elections only.
SLV
The biggest negative of the day is that they’ve taken SLV back below the 50 dma and it’s caused the selling to pick up a bit.
Tomorrow is another day, I’m not sure I’ll be expecting a big bounce on whatever Powell says, regardless of what the dollar does, but hopefully we get back on track next week.
This finding will be ignored
Bombshell government report says high levels of fluoride in water is linked to low IQ in children – as map reveals counties at risk
Dollar
Stuffed right at the 200 dma
We’ll see what happens tomorrow.
Buygold
When was the last time the mkts blew a raspberry at anything the Fed said……the Rigging even made Yellen look smart !!!!!!!
Maddog- NEM
Shares are off their lows with the metals still hovering near their bottoms. I think that is important to note, that is usually not the case with the metals down in a waterfall.
This is fake, like everything else we seem to see these days. JMHO
Captain Hook
Note NEM is only down just over 1 %….shorts are covering……Powell may well be very bullish.
deer79
Here is yr waterfall……looks like Powell will be PM bullish, which means they have to smash early, to make the take off price lousy…..meanwhile the Chinese will be switching all the Gold they are buying here, via EFP’s and demand phys…..
Looks like …
… all the idiots that bought gold futures recently … are puking their positions today … rinse repeat.
These hedge fund managers and CTA’s are so drunk they can’t remember what happened just a few weeks ago.
They throw big lavish parties for themselves at the expense of their investors.
It’s just a big party to these clowns or they would be buying the real metal.
Anywho – they have degraded silver specs to the point they finally are no longer playing – transferring a great deal of pricing power to the physical market – hence it’s relative strength today.
Silver just triggered a five-wave buy signal in the SLV to GLD ratio (the inverse of the widely followed gold/silver ratio) yesterday.
In the words of Teddy Rosevelt – who confiscated a great deal of silver from foreign lands for the international bankers so they could conquer the world – BULLY.
It worked for him so maybe it can work for us this time.
Chuckle
Looks like we’ll be punching up today
Pretty obvious what this is and has been all week. Nothing more than the scum’s attempt to keep pm’s from running up and away before Powell admits the obvious, that the economy has been in recession for months and they have crushed it.
This dollar bounce is feeble and expected. The best they can do is shake the tree a little, but it’s taking them a lot of energy and fiat to do it.
Maybe they get us back to the point of the breakout in gold, maybe more. I don’t know but the rig is all they have left.
So … how’re those renewable energy plans working out for ya?
25% Of Brits Consider Turning Off The Heat In Winter As Power-Bills Soar
https://www.zerohedge.com/energy/25-brits-consider-turning-heat-winter-power-bills-soar
Because they don’t want to go out of business
Ford Ditches Plans For Electric SUV As Industry Continues To Backpedal From EVs
The trend of legacy automakers ditching their plans and investments in EVs continues, with Ford reportedly the latest to cancel plans for a large three-row electric sport-utility vehicle, according to a new report from the Wall Street Journal.
The company will take $1.9 billion in related special charges and write-downs as a result, the report said.
Ford is canceling due to pricing pressures and increased competition, instead opting to focus on hybrid versions of its popular Explorer and Expedition models.
This decision reflects a broader trend among automakers that we have written about over the last year or two, especially since the UAW extorted negotiated their latest labor contracts from the Detroit automakers.
https://www.zerohedge.com/markets/ford-ditches-plans-electric-suv-industry-continues-backpedal-evs
Gold Basin Reports Additional High-Grade Oxide Gold Assay Results From Gold Basin Project, Arizona
https://ceo.ca/@thenewswire/gold-basin-reports-additional-high-grade-oxide-gold
Midland and SOQUEM Identify on Nachicapau New High-Grade Mineralized Occurrences and Expand the Footprint of the Copper-Gold-Silver Hydrothermal System
https://ceo.ca/@globenewswire/midland-and-soquem-identify-on-nachicapau-new-high-grade
Plato Gold Reports on Second Quarter Results
https://ceo.ca/@globenewswire/plato-gold-reports-on-second-quarter-results-2f6da
Goliath Closes $2,000,000 Order From Strategic Singapore Based Global Commodity Group And Other HNW Investors Totaling $5,406,080 In The First Tranche Of Previously Announced Non-Brokered Private Placement Up To $6,500,000
https://ceo.ca/@globenewswire/goliath-closes-2000000-order-from-strategic-singapore
Cassiar Gold Expands Drill Program and Advances Geophysical Surveys
https://ceo.ca/@newsfile/cassiar-gold-expands-drill-program-and-advances-geophysical
NexGold’s Spring Program Shows Significant New Gold Mineralization, Expands Exploration Programs at the Goliath Gold Complex
https://ceo.ca/@globenewswire/nexgolds-spring-program-shows-significant-new-gold
Vista Gold Announces Phase 1 Drilling Results at Mt Todd
https://ceo.ca/@businesswire/vista-gold-announces-phase-1-drilling-results-at-mt
Dakota Gold Corp. Intercepts 2.85 grams/tonne Gold over 13.7 Meters of Tertiary Epithermal Mineralization in the Unionville Zone
https://ceo.ca/@newsfile/dakota-gold-corp-intercepts-285-gramstonne-gold
TRU Precious Metals Completes Granting of Golden Rose Option to Eldorado Gold
https://ceo.ca/@accesswire/tru-precious-metals-completes-granting-of-golden-rose
Guanajuato Silver Receives Receipt for Final Base Shelf Prospectus
https://ceo.ca/@accesswire/guanajuato-silver-receives-receipt-for-final-base-shelf
SSR Mining Announces Precautionary Suspension of Operations at Seabee Due to Forest Fires
https://ceo.ca/@businesswire/ssr-mining-announces-precautionary-suspension-of-operations
Newly Listed Golden Rapture Mining Completes Its First Diamond Drill Program
https://ceo.ca/@newsfile/newly-listed-golden-rapture-mining-completes-its-first
CSE Bulletin: Consolidation – Sassy Gold Corp. (SASY)
https://ceo.ca/@newsfile/cse-bulletin-consolidation-sassy-gold-corp-sasy
O3 Mining Announces Upsized $18 Million Bought Deal Financing
https://ceo.ca/@newswire/o3-mining-announces-upsized-18-million-bought-deal
INTEGRA COMPLETES C$20 MILLION BOUGHT DEAL OFFERING IN CONNECTION WITH PREVIOUSLY ANNOUNCED MERGER WITH FLORIDA CANYON GOLD
https://ceo.ca/@newswire/integra-completes-c20-million-bought-deal-offering
Precipitate Re-Commences Work and Identifies New Gold Zones at 100% Owned Juan de Herrera Project, Dominican Republic
https://ceo.ca/@thenewswire/precipitate-re-commences-work-and-identifies-new-gold
Nova Pacific’s Geological Compilation Reveals Historic High Grade Precious Metal Assays at the Lara Gold-Silver-Zinc-Copper Project
https://ceo.ca/@newsfile/nova-pacifics-geological-compilation-reveals-historic
Santacruz Silver Announces Mineral Resources and Reserves and Files NI 43-101 Technical Reports for its Bolivian Assets
https://ceo.ca/@newswire/santacruz-silver-announces-mineral-resources-and-reserves
Blue Star Announces Exploration Results, Advances Pipeline Showings
https://ceo.ca/@newsfile/blue-star-announces-exploration-results-advances-pipeline
Silvercorp Updates El Domo Development Plans and Staffing
https://ceo.ca/@newswire/silvercorp-updates-el-domo-development-plans-and-staffing
Bear Creek Mining Announces Final Drawdown of Funds Under Sandstorm Promissory Note
https://ceo.ca/@newsfile/bear-creek-mining-announces-final-drawdown-of-funds
Quartz Mountain Completes 3,418 Metres of Core Drilling at Jake Property in British Columbia
https://ceo.ca/@accesswire/quartz-mountain-completes-3418-metres-of-core-drilling
Transition Metals Further Defines Cu-Au Porphyry Targets at Pike Warden, Yukon
https://ceo.ca/@newsfile/transition-metals-further-defines-cu-au-porphyry-targets
Ridgeline Minerals Executes Exploration Earn-In Agreement with South32 at the Selena Project, Nevada
https://ceo.ca/@newsfile/ridgeline-minerals-executes-exploration-earn-in-agreement-ffb55
Significant Results From Historical Drill Hole Infill Assay Program at Belltopper
https://ceo.ca/@globenewswire/significant-results-from-historical-drill-hole-infill
They’re trying
…..to manufacture a waterfall before our “savior” Powell opens his “pie hole.”
ipso, ferrett, and Buygold
All I can do is echo your concerns. Current migrations/immigrations everywhere are so different from those of the past. It looks bleak to me, and it’s not because I am a pessimist; just a realist who refuses to wear blinders. Maybe the countries being invaded will wake up in time; we can hope. There seem to be at least some signs of that. Not easy to reverse an entrenched population, though. It will take understanding, resolve, and fortitude; is there enough of that to go around?
Maddog, Captain
Maddog – it’s an absolute tragedy what’s happening in the UK, both with the government and society. I don’t have the capacity to understand the kind of mindset (evil) that Starmer embraces. Clearly, the gov’t. is handing over the country to the invaders, but at the same time strengthening gov’t workers by pay increases and a better standard of living than the average Brit to keep them happy enough to enforce the plan. The police are a traitorous disgrace, enabling the destruction of white culture and white peoples. I believe that in addition to throwing you into the slavery of the one world government, there will also be a one world religion that involves Muslims, Catholics (the current pope is a heretic), and Protestants that are accepting of non-biblical culture, i.e. LGBTQ and abortion, which are outside anything remotely Christian. It will be an all-inclusive and accepting religion. Essentially anti-Christ. Without the populace being armed, it will be tough to turn. I suspect what you’re seeing is what we’ll see here if they install Kamala Harris. It still remains to be seen whether a large enough percentage of the US population would give up certain comforts and take up arms. I don’t know.
Captain – no doubt they knew the numbers and were ready, I’d argue that they’ve been ready all week, and if they could have manufactured a waterfall, they would have done so already. They still might if they get a dollar bounce that runs longs out of contracts. I could see that happening when Powell speaks – totally contrary. It does seem clear that they are getting less and less effective, more so with silver than gold. They will have trouble if US investors ever wake up to the gold market. For now, they can just slow the ascent, frustrating to watch when the dollar has been taken to the woodshed. It also appears the Yen carry has resumed its’ unwind, that is a long running program that I’m not sure we know what will happen and who will be hurt by it. Seems that we are just going to grind slowly higher, at least that’s what the shares are saying.
I see Bitcoin is jumping tonight, over $61K up 4% – look over here, this goes up fast! Oil below $72, just bizarro world.
Captain Hook @ 18:17
That foolishness might be blocked yet … otherwise they are torpedoing a significant piece of their economy!
Yes I’m glad I’m not heavily invested there!
Cheers


