Loading ...They should do so much better if we can get our metals moving
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Morning Buygold
As long as he sees inflation steadily decline he would think about reversing. That too many people on limited income at risk. He doesn’t think it will be soon. He said he doesn’t think the inflation rate will go to 2% until 2025.
The morning after
I read a ZH article yesterday that kind of summarized what Powell said in the press conference afterward. He was sort of dovish. One thing stuck out to me that Powell said; “we could start to cut rates before inflation hits our target of 2%”
So, the USD is down pretty good this am working its way down toward 100 on the index. Technically, the dollar filled the gap perfectly and is heading back down as it should be, I would think to make lower lows.
We’re pretty flat, but that is to be expected the morning after. PM’s not getting hit today would be a change in a very long trend. Clearly, we should be soaring, but they won’t allow that because it would make the Fed look weak – can’t have that. However, last time the USD headed south there was a bit of a lag before gold and silver got going, so hoping we’ll get our “make up” move in the coming days.
Oil creeping up toward 80 at $79.50. The 10 yr. is up a bip to 3.866%. Tech stocks are loving life and screaming higher. Course we must have the dollar and rates falling together to have a decent move. Silver is looks better for now.
The shares look healthy premarket. Sadly, caution is warranted for today methinks.
August looms.
2 min. video of what we’re up against
chilling statement about the vax
Super short video, the most important of our age in many ways, I would suggest.
Please share widely, so that people can understand who is gaming them spectacularly: https://t.co/P1Zvk4Yv4k pic.twitter.com/CHL5th5pWQ— Ivor Cummins (@FatEmperor) June 30, 2023
Maddog
It used to be 70 dollars. But I guess with the demented climate buy our solar and batteries BS and attack on oil rich nations they probably figure they can profit off it by raising it.
Buygold
Re Oil
That is one I always watch……so far the scum have not been able to seriously mess with it……The word is the Saudi’s need it near $ 100 …to pay for their domestic spending and the rest of OPEC would not complain.
Dollar cooperating
Metals hanging, but shares kinda weak and seem to be sort of in line with the SM. DOW up 40 pts.. DOW closing up today makes it 13 straight days. Longest since 1987. We know what happened then, the SM crashed 25% in Oct. 1987. I almost think the SM is crash proof now, thanks to Aladdin.
My small and mid-cap silver shares are performing better than the gold shares.
Since we didn’t really blast off, maybe we won’t spend the next two days getting crushed. Big “maybe” though.
10 yr. down 5 bips with the dollar, so no real resistance today but….
Thinking we might have a chance?
Maybe Powell is talking a little less hawkish.
Course the SM is leading.
So they raised .25% – as expected
Reaction for everything is sort of muted.
I kind of like how pm’s have hung in and how the shares are set up.
We’ll see in a couple of hours.
Thank the Biden admin and other zealots
Energy companies just reported the steepest decline in operating rigs in 3 years.
The lack of urgency among these businesses to boost production is paving the way for another strong rally in oil and gas prices, ultimately creating further upward pressure on inflation. pic.twitter.com/NWSu2RzQR3
— Otavio (Tavi) Costa (@TaviCosta) July 26, 2023
RFK Jr. Maintains Highest Favorability Rating Among Presidential Candidates In New Poll
Days after a House hearing on censorship that saw Democrats attempt to prevent Robert F. Kennedy Jr. from testifying, a new Harvard-Harris poll showed that he has a higher favorability rating than any other presidential candidate.
Integra Announces Additional Oxide Drill Results From Stockpile Drill Program at DeLamar, Including 0.74 g/t AuEq Over 53 M and 0.53 g/t AuEq Over 120 M
https://finance.yahoo.com/news/integra-announces-additional-oxide-drill-104000991.html
McEwen Mining Leveraging Updated Strategy for Los Azules Project
https://finance.yahoo.com/news/mcewen-mining-leveraging-updated-strategy-042821425.html
Eloro Resources Reports Major Advances in Metallurgy for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
https://finance.yahoo.com/news/eloro-resources-reports-major-advances-100000886.html
New Found Commences 10,000m, Phase II Drill Program at Queensway South
https://finance.yahoo.com/news/found-commences-10-000m-phase-103000160.html
Perpetua Resources Signs Definitized Agreement for Critical Minerals Award of $24.8 million under the Defense Production Act
https://finance.yahoo.com/news/perpetua-resources-signs-definitized-agreement-110000332.html
Gold Basin Reports Broad, Shallow Oxide Gold Drill Intercept from Gap Zone Between Stealth and Red Cloud, Suggesting 1.5-km-Long Gold System, and Additional Strong Near-Surface Drilling Results from Red Cloud
https://ceo.ca/@thenewswire/gold-basin-reports-broad-shallow-oxide-gold-drill
Emperor Provides Drilling Update for the Duquesne West Gold Project
https://ceo.ca/@newsfile/emperor-provides-drilling-update-for-the-duquesne-west
ArcWest Announces $2.8 Million Todd Creek Copper-Gold Exploration Program, Funded by Freeport-McMoRan Mineral Properties Canada Inc.
https://ceo.ca/@newsfile/arcwest-announces-28-million-todd-creek-copper-gold
Sailfish Announces Significant Permitting Milestone at Spring Valley
https://ceo.ca/@newsfile/sailfish-announces-significant-permitting-milestone
Foran Announces Environmental Assessment Approval for the McIlvenna Bay Project in Significant De-Risking Milestone
https://ceo.ca/@newswire/foran-announces-environmental-assessment-approval-for
MacDonald Mines Completes Drilling at Alwyn Cu-Au and Glade Au Trends Observes Visible Gold at Glade
https://ceo.ca/@globenewswire/macdonald-mines-completes-drilling-at-alwyn-cu-au-and
MAG Announces Second Quarter Production From Juanicipio
https://ceo.ca/@globenewswire/mag-announces-second-quarter-production-from-juanicipio
Adventus Mining and Salazar Resources Achieve Key Milestone in the Public Consultation Process for Environmental Licensing of El Domo – Curipamba Project
https://ceo.ca/@newswire/adventus-mining-and-salazar-resources-achieve-key-milestone
Dakota Gold Corp. Completes Validation Drilling and Reports Continued Positive Results from its Program at the Richmond Hill Gold Project in South Dakota
https://ceo.ca/@newsfile/dakota-gold-corp-completes-validation-drilling-and
Centamin PLC Announces Interim Results
https://ceo.ca/@accesswire/centamin-plc-announces-interim-results
Perseus June Quarter Report
https://ceo.ca/@globenewswire/perseus-june-quarter-report
Metals Creek Resources Corp. Announces Non-Brokered Private Placement of Flow-Through and Non Flow-Through Units
https://ceo.ca/@newsfile/metals-creek-resources-corp-announces-non-brokered-4db7b
First Quantum Minerals Reports Second Quarter 2023 Results
https://ceo.ca/@globenewswire/first-quantum-minerals-reports-second-quarter-2023
Don’t watch oil as consistently as I should
didn’t realize yesterday it was up near $80 a barrel. Our local gas is now $3.69 a gallon, up $.40 over the last few weeks.
Always funny how that happens. As oil rises, gasoline prices rise much faster. When they come down, it takes forever for gasoline to come back with it. Greed.
As a side note, the RSI on the DOW is up around 75. We’ve seen RSI’s stay elevated for a long time when it comes to the SM though.
silverngold
Listening to the Greg Hunter with Jonathan Cahn. So very interesting, thank you for sharing this brother.
Is flat good?
Whether it is or not, that’s what we’re getting. USD down a bit after a reversal yesterday which completely filled the gap. Who’s says T/A doesn’t work? OOPS, I guess that was me! We’ll see if it works after the Fed meeting.
The copper shares are giving some back this am, pm shares flat and probably will be for most of the day.
At this point, I’m not sure the Fed is relevant anymore, and the pm reactions are almost always the same. If we rally after the meeting, they’ll take the gains back either tomorrow or Friday. If we don’t rally, we’ll probably just get hit for a couple days.
We’re still teetering on the edge, and in the background is a buttload of short contracts in silver.
Shares are the key IMHO.
Just what many were thinking
Bronny James’ cardiac arrest is linked to the COVID-19 vaccine, Elon Musk suggests
Buygold
Re:Obama, who I think is still trying to destroy our country from within – still.
Yep that pos has his earmarks MO all over the boarders and making war with elected and citizens trying to secure them from invasion, no doubt he’s involved in this world stupidity. He’s even out of touch with the people he pretends to be trying to use his skin color to rally when he’s done nothing but make things worse than before with mal-intent. He’s was the puppet masters Uncle Tom show boy only there to rally the blacks over a lie. Nothing but a get rich quick crime scene left behind they’re working so hard to cover up now.
Anyone notice Bitcoin?
Stuck below 30K after busting above? Is it a coincidence that there’s an ETF coming out? Remember how gold has been on lockdown since the implementation of GLD?
Anything that’s a threat to the dollar must die. I’m sure the big boys have already made their billions. I noticed some of the younger generation on Twitter call themselves crypto currency investors. Ripe for fleecing.
Buygold @ 13:49
The WEF-woke effers have caused so much damage to our country that I think people are starting to realize how destructive the woke agenda is. If our kids weren’t being brainwashed in school then I think this would have happened a lot earlier.
Did I read that now the Biden admin wants to mess with air conditioning? Yep
Biden admin cracks down on air conditioners as war on appliances continues
https://www.foxnews.com/politics/biden-admin-cracks-down-air-conditioners-war-appliances-continues