Loading ...PM’s strong but so are platinum and palladium. Huh.
Shares strong even with the SM a little weak and the dollar up.
Can we hold on to the unexpected?
IAG
also beat earnings and is up some 4.5%…..
Silver seems to be the perpetual “punching bag.”
9 am hour
The half hour of premarket destruction. SLV was up $.54, now up $.29. GLD about the same, so they haven’t hit that just yet. Shares still holding, EXK getting obliterated, down 14%
Barrick (GOLD) is the big winner up 3% this am after having beat on earnings by $.05. Should help the HUI unless the metals collapse. Fingers crossed that the metals hold up.
The dollar is creeping up a little. Blame that.
Trailbreaker Expands Watchtower Zone Gold Anomaly to 350m x 200m Along a 3km Gold Trend at Castle Rock Property
https://ceo.ca/@globenewswire/trailbreaker-expands-watchtower-zone-gold-anomaly-to
Great Quest Announces Upsizing of Private Placement and Closes Order Book
https://ceo.ca/@businesswire/great-quest-announces-upsizing-of-private-placement
First Four Holes At Treasure Island All Hit Abundant Sulphide Mineralization In VMS Type Targeted Zones, Including Up To 9.8 Meters Of Quartz, Stockwork And Breccia Hosting Massive Chalcopyrite & Pyrite
https://ceo.ca/@globenewswire/first-four-holes-at-treasure-island-all-hit-abundant
GOLD FIELDS ACQUIRES OSISKO MINING, CONSOLIDATING OWNERSHIP OF THE WINDFALL PROJECT AND SURROUNDING EXPLORATION DISTRICT
https://ceo.ca/@newswire/gold-fields-acquires-osisko-mining-consolidating-ownership
West Red Lake Gold Intersects 107.61 g/t Au over 2.5m at Austin and 106.99 g/t Au over 2.35m at McVeigh – Madsen Mine
https://ceo.ca/@globenewswire/west-red-lake-gold-intersects-10761-gt-au-over-25m
Endeavour Silver Reports Guanacevi Primary Ball Mill Trunnion Failure
https://ceo.ca/@globenewswire/endeavour-silver-reports-guanacevi-primary-ball-mill
WESTERN COPPER AND GOLD PROVIDES PROJECT UPDATE
https://ceo.ca/@newswire/western-copper-and-gold-provides-project-update
Dryden Gold Intercepts Strong Mineralization Including Visible Gold at its Gold Rock Project
https://ceo.ca/@newsfile/dryden-gold-intercepts-strong-mineralization-including
i-80 Gold Announces High-Grade Results from Underground Drilling at Cove
https://ceo.ca/@newswire/i-80-gold-announces-high-grade-results-from-underground-57d2b
Barrick Declares Q2 Dividend and Buys Back Shares
https://ceo.ca/@globenewswire/barrick-declares-q2-dividend-and-buys-back-shares
Caledonia Mining Corporation Plc Results for the Quarter ended June 30, 2024; Details of Investor Presentation
https://ceo.ca/@globenewswire/caledonia-mining-corporation-plcresults-for-the-quarter-ce756
Quebec Precious Metals to Issue Shares in Payment of Services and Deferred Share Units
https://ceo.ca/@accesswire/quebec-precious-metals-to-issue-shares-in-payment-of-20e1a
Ascot Reports Second Quarter 2024 Results
https://ceo.ca/@globenewswire/ascot-reports-second-quarter-2024-results
Perpetua Resources Announces Second Quarter 2024 and Recent Highlights
https://ceo.ca/@newswire/perpetua-resources-announces-second-quarter-2024-and
Comet Announces Closing of Transaction with Troilus Gold
https://ceo.ca/@newswire/comet-announces-closing-of-transaction-with-troilus
Filo Reports Q2 2024 Results
https://ceo.ca/@newswire/filo-reports-q2-2024-results
EMX Royalty Announces Closing of Its Previously Announced Credit Agreement for a $35 Million Loan with Franco-Nevada Corporation
https://ceo.ca/@newsfile/emx-royalty-announces-closing-of-its-previously-announced
Gold Springs Resource Corp. Files Q2 2024 Financial Statements and MDA
https://ceo.ca/@newsfile/gold-springs-resource-corp-files-q2-2024-financial
New Destiny Mining – Drilling Update: Holes TMN24-02 and TMN24-03 at Treasure Mountain Silver Property, Hope BC
https://ceo.ca/@newsfile/new-destiny-mining-drilling-update-holes-tmn24-02
Harfang Agrees to Acquire NewOrigin to Consolidate Casa Berardi Trend Assets in Ontario
https://ceo.ca/@globenewswire/harfang-agrees-to-acquire-neworigin-to-consolidate
International Tower Hill Mines Files 2024 Second Quarter Financial Results
https://ceo.ca/@newswire/international-tower-hill-mines-files-2024-second-quarter
Spanish Mountain Gold Commences 2024 Exploration Program
https://ceo.ca/@newsfile/spanish-mountain-gold-commences-2024-exploration-program
Gold Basin Announces Shares for Debt Transactions and Provides Updates
https://ceo.ca/@thenewswire/gold-basin-announces-shares-for-debt-transactions-and
Talisker Increases Private Placement to up to $2.3 Million
https://ceo.ca/@globenewswire/talisker-increases-private-placement-to-up-to-23
Canada’s Barrick Gold reports Q2 profit beat on higher output, prices
IAMGOLD Second Quarter 2024 Earnings: Beats Expectations
Equinox Gold Corp. Just Beat Earnings Expectations: Here’s What Analysts Think Will Happen Next
B2Gold Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Wheaton Precious Metals Second Quarter 2024 Earnings: Misses Expectations
Silver up?
Silver up 2% this am, gold up $10. Still a couple hours from the 9 am selling but surprisingly strong.
Oli up 1% approaching $78, Bitcoin up 1% around $59K (down from $61 over the weekend), SM up a smidge, Dollar up the same, 10 yr. up a bip. Something for everyone I guess.
First time in a while silver has been stronger than gold. Silver at the highs of the overnight session, gold just off by a couple bucks.
Shares are lukewarm, most are up 1/2 to 1%. Barrick up 2%. No indication from the shares that we’ll have a raging rally at this point.
EXK taking it on the chin with some mill trunnion failure. What a business, impossible for these guys.
No new war this weekend from Iran. That’s good.
Hopefully we’ll hold and have a decent start to the week.
re: Whitney Webb
Her two volume book ” One Nation under Blackmail ” is well worth buying .
A well researched history of high level corruption , naming names .
If you have hard copies in your possession the global rats cannot erase the information contained therein as they can from digital copies and links to what the UN will almost certainly call misinformation and disinformation .
drb2 @ 16:33
I can think of two words as a reaction no matter who you are.
“Scary sh*t”
Let’s hope for the best.
People are waking up.
Let’s hope it’s not too late.
Tell your friends and other people you want to scare the crap out of.
Chuckle
@Capt. Hook RE: your 16:41 post
Thanks for that post.
I thought the lady, Whitney Webb, was SMART!! And very well spoken.
She puts it all together and makes more sense than anyone I have heard yet.
The interview is long, but excellent. 2x speed works well
I would love to hear what other forum readers thought
A must listen …
… your future depends on it.
The commies are coming for you.
drb2 @ 12:00….I second all of that, as long as it’s not a Hologram image of a Derivative or ETF of the real thing!
It’s gotta be the real thing, IN HAND, not in an imaginary wallet that is there only until someone turns out the lights. Otherwise it is not really Silverngold!
As the action seems a bit slow today, I hope everyone will indulge me my re-occurring frustration with the education curriculum worldwide
a subject people do not understand well enough
MONEY – What is it?
Let’s start with Webster’s definition:
- something generally accepted as a medium of exchange, a measure of value, or a means of payment: such as a officially coined or stamped metal currency
Here is another – Author Unknown:
“Gold is the money of kings,
Silver is the money of gentlemen,
Barter is the money of peasants,
but Debt is the money of slaves.”
The original JP Morgan adds his two cents:
“The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go.” “Money equals business which equals power, all of which come from character and trust.” “The first thing (in credit) is character… before money or anything else. Dec 19, 2016
[below snipped from Doug Casey]:
Money
If you can’t define a word precisely, clearly and quickly, that’s proof you don’t understand what you’re talking about as well as you might. The proper definition of money is as something that functions as a store of value and a medium of exchange.
Government fiat currencies can, and currently do, function as money. But they are far from ideal. What, then, are the characteristics of a good money?
Aristotle listed them in the 4th century BCE. A good money must be all of the following:
- Durable: A good money shouldn’t fall apart in your pocket nor evaporate when you aren’t looking. It should be indestructible. This is why we don’t use fruit for money. It can rot, be eaten by insects, and so on. It doesn’t last.
- Divisible: A good money needs to be convertible into larger and smaller pieces without losing its value, to fit a transaction of any size. This is why we don’t use things like porcelain for money – half a Ming vase isn’t worth much.
- Consistent: A good money is something that always looks the same, so that it’s easy to recognize, each piece identical to the next. This is why we don’t use things like oil paintings for money; each painting, even by the same artist, of the same size and composed of the same materials is unique. It’s also why we don’t use real estate as money. One piece is always different from another piece.
- Convenient: A good money packs a lot of value into a small package and is highly portable. This is why we don’t use water for money, as essential as it is – just imagine how much you’d have to deliver to pay for a new house, not to mention all the problems you’d have with the escrow. It’s also why we don’t use other metals like lead, or even copper. The coins would have to be too huge to handle easily to be of sufficient value.
- Intrinsically valuable: A good money is something many people want or can use. This is critical to money functioning as a means of exchange; even if I’m not a jeweler, I know that someone, somewhere wants gold and will take it in exchange for something else of value to me. This is why we don’t – or shouldn’t – use things like scraps of paper for money, no matter how impressive the inscriptions upon them might be.
Actually, there’s a sixth reason Aristotle should have mentioned, but it wasn’t relevant in his age, because nobody would have thought of it… It can’t be created out of thin air.
Not even the kings and emperors who clipped and diluted coins would have dared imagine that they could get away with trying to use something essentially worthless as money.
These are the reasons why gold is the best money. It’s not a gold bug religion, nor a barbaric superstition. It’s simply common sense. Gold is particularly good for use as money, just as aluminum is particularly good for making aircraft, steel is good for the structures of buildings, uranium is good for fueling nuclear power plants, and paper is good for making books. Not money. If you try to make airplanes out of lead, or money out of paper, you’re in for a crash.
That gold is money is simply the result of the market process, seeking optimum means of storing value and making exchanges.
——————————————————————————————————
In consideration of all the above – All Ponzi Schemes eventually end – this worldwide Fiat system is no exception –
consider for a moment what would happen if every productive working person woke up one day and decided they would only work if they were paid an hourly wage denominated in Copper; Silver or Gold !
deer79 – yep
same old games. Dollar and rates down, but just not going to help much with the SM down a little.
Funny Bitcoin went from 50K to 61K in 4 days. Someday maybe that fantasy will be ours.
and here they come…
Silver once again
…..Is the weak sister that is manipulated to get everything else to turn lower…..
Odd
Trying to have a little follow through despite the SM futures turning solidly south. They were up nicely just an hour or so ago.
Don’t think the follow through will stick, especially as we approach the 9 am hour, but odd that the SM turned down. No reason I can see.
ferrett @ 18:29
That’s the whole point.
All those companies are gone.
Supply is non-existent and few new mines are coming.
And we will be going to more forms of commodity money as time goes on as well.
I remain optimistic.
But I won’t buy into non-PM commodity plays again until PMs are much higher, and the ratios are topping out.
Two to four years out from this fall.
Cheers
Joke. Seriously
What do you get if you cross an insomniac with an athiest with a dyslexic?
—–
Answer?
—–
Soneone who stays up all night, wondering if there really is a …..
Dog.
Captain 12.23
Turning our brains to mush. Too true.
Not sure that the commodities will be good this time around. Last time (2001 onwards, as you point out) China was continuing to boost its GDP with fake projects – ghost towns, roads and rail to nowhere – and exporting steel at below cost price which boosts demand overseas as well as eliminating foreign competition.
Now China is forecasting reduced steel consumption. Iron ore is below $100. Copper is below the 2011 peak, in spite of the green revolution. Reduced steel means reduced metallurgical coal. And some of the BRICS are major suppliers, not consumers, of commodities.
If Trump wins, and the Dems are doing their best to help (The Kamala Waltz, by Johann Strauss, a vigorously dodgy little dance), then oil and gas in the US will be opened up, so more supply as we go into a recession will pressure prices downward too.
One thing is for sure, I won’t be buying back into any of the commodity shares I had in 2001-2007. They’ve all, without exception, gone bust.
Aufever Ha!
Captain said “they think they are God’s.”
What you said reminded me of this passage.
26 The woman was a Greek, born in Syrian Phoenicia. She begged Jesus to drive the demon out of her daughter.
27 “First let the children eat all they want,” he told her, “for it is not right to take the children’s bread and toss it to the dogs.”
28 “Lord,” she replied, “even the dogs under the table eat the children’s crumbs.”
29 Then he told her, “For such a reply, you may go; the demon has left your daughter.”
The “children” he refers to are the Jews. He is their bread.
deer79 @ 11:55
The game with the shares … and it is a twist of classic Game Theory … is to turn a small amount of money into a lot of money. (because the risks are high)
Unfortunately, a lot of PM share investors lost their minds these past few years with returns in tech (especially Bitcon) so alluring (making them feel like they are missing out), so they allocated far more to the shares than they should have because of greed.
The whiff of greed in the market(s) is and was overwhelming.
The entire exercise is and was to turn peoples’ brains to sh*t so that they can be more easily exploited … and the banker’s bubble economies can go on forever. (They think themselves gods like Egyptian and Roman contemporaries – spaced 2000 years apart in the larger cycles – this being the final epoch.)
Now we have a crash and reliquification attempt coming once again, only this time, commodities should be the big winners because of both demand (think BRICs) and supply (think supply chain dislocations) factors keeping prices high – which will in turn cause big problems for the real estate, stock, and bond markets.
So, PM/commodity related shares should benefit in times of more stable liquidity – just like they did between 2001 and 2011.
Here, well researched and selected smaller positions are quite possibly not a bad idea.
Of course some will go all in – no matter.
All I can say is sleep well – if you haven’t jumped off a building already.
Cheers all