Anyone own shares of Blackrock Silver????
Very heavy volume, up 27% to .65
Anyone own shares of Blackrock Silver????
Very heavy volume, up 27% to .65
Is there any hope for Canada?
Only the shadow knows.
Chuckle
… he looks stoned out of his gord …
Cash looks like he needs a drink.
Wow
Mark
@Mark_IKN
·
6m
Oh lookee, it’s another West Africa govt moving on its gold sector. What could possibly go wrong?
Ghana’s State Gold Company Signs $1Bln MoU to Develop Hundreds of New Mines – Ecofin Agency
Ghana’s State Gold Company Signs $1Bln MoU to Develop Hundreds of New Mines
As can be seen from this chart, the spread has yet to break out from the base , so as far as the algo’s are concerned this is just another rally to sell into and add to positions …in what has been a winning trade since 2003….why stop now….
The chart also shows that we have yet to see a serious nett buying, as so far any buying has been well absorbed by naked shorts ….
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Cheers
ipso
The more I hear the open debates of Charlie that are being posted the more I am in awe of his genius. His IQ must have been off the charts on just how much information on so many subjects he could retain in such detail and used it for good not evil.
Yes the evil malicious intent they have is demonic.
Goldie – yeah, the Demons wouldn’t observe a moment of silence on the House floor, they were yelling and screaming during the time. Is there any doubt that they are demonic? Justice for this kid will be quick, Utah has the death penalty, he’ll be lucky to avoid it. Apparently even before the $100K award, there were 7,000 tips about him. One of those tips was his college roommate. This is a very sad deal. Kirk is irreplaceable. This kid and his family’s life is ruined. I blame him less than I blame the billionaires supporting BLM and Antifa, the NGO’s and the corrupt judges and politicians and media. They need to be exterminated. I don’t have any faith that the Trump admin will do it. Not a single arrest yet. Think about that.
maddog – maybe it’s the bankers themselves or the US treasury who is doing the buying. Would make sense if the Crimex is now a delivery mechanism.
Captain – I agree about next week, a quarter point will be a wrecking ball, but with pm’s I’m not sure how long any correction will last, I would bet on something short but sharp. I’m really cautious. OTOH, if they do .50, the SM might be off to the races. Will be really interesting to see how things go Mon., Tues. into the meeting.
The shares have been sort of weak all day. Hard to imagine gold will hold any gains today. HUI sporting a 78 RSI and way above the 50 dma. An ugly drop back to 500 wouldn’t surprise me at all.
Always good to see new people here!
Yes I have been watching that too … which is effectively a trap for retail investors going into the Fed meeting.
If they only cut .25 bp the short end of the market could factor that as they are still watching ‘inflation’ and reduce odds of further cuts, while the long end would likely start discounting this same ‘inflation’. The end result is a steepening curve and liquidity pressure on the equity complex.
I expect this because the Fed is political, and Powell is gone soon anyway so he doesn’t care.
So this could play havoc with stocks going into October – including PMs.
If silver trades above $35 prior to Wednesday, it will be up in 5 from the April low and even if it vexes higher – should start a correction sooner rather than later.
That said, if Ghali over at TD is right and silver stockpiles are very thin (they are) – any reaction from monetary authorities (globally) to stem stock market/ economic weakness in the Fall – could eat up any remaining supply quite quickly (4 months?).
And I can tell you da boyz over at the CME are playing games with the numbers these days. Ex. gold’s preliminary numbers had open interest (OI) up over 14k contracts first thing this morning – but as you can see here they are only up just over 300 now. And they delivered more contracts (307 + 1605 EFP’s) making Comex an increasingly physical delivery mechanism now (final numbers). And this kind of thing has been going on for some time now (weeks). It’s designed to scare you off from buying – a form of spoofing.
This is not good for the bankers who thought this fractional reserve thing was the best thing since sliced bread and have abused it to the point they are now about to get caught.
Gee – I wonder how much our taxes will be going up next year to pay for this crap.
Not as much as the money printing when the crack-up boom accelerates I will wager.
Cheers
Hello All,
I am new here – been following for years from England and France.
Hope to pop in and post from time to time,
Don
Not even a moment of silence from the Democrats?
I hope they found the right person and justice is swift and the followers of the Democrats will learn what the second amendment is really about.
Patriots need to organize a team that goes after the dirt bag losers game using the cover of free speech while willfully attacking free speech by inciting “stochastic terrorism” that has caused violent acts and murder in the country and now the senseless murder of Charlie while they work from the side lines letting the followers do their dirty work for them and go after these treasonous swine once and for all.
Looks like NEM and ABX are getting the treatment.
Re margins…..I’d say that is another ‘tell’ that we are going way up and it is sanctioned.
maddog – well the longs are certainly fighting to take back $42 – stunning to me. Gold wants to take out $3650 too. Rates are coming back down a little, dollar too. One thing that strikes me about this recent move, we are correlating exactly with moves in the dollar and rates. I can remember so many times in the past being frustrated to see the dollar down and pm’s down with it. Not the case lately. Very serious strength.
Again, I ask, why hasn’t the Crimex jacked up margin requirements on the metals to stop the momentum? Is it because they are too afraid of the buyers?
ferret – I was inclined to think the same thing about the trans writing, but now I’m not so sure as the shooter was turned in by his dad who was convinced by his minister. Just seems like a kid who is messed up in the head.
The blame lies at the feet of the MSM, NGO’s and billionaires that have pushed this agenda, along with the corrupt judges who have enabled crime. I hope there are patriots assembling to start taking those folks out. Trump says to supporters to stay “peaceful” – sorry Don, Kirk was as peaceful as they come and that doesn’t work with these people. Democraps in the House wouldn’t even respect him with a moment of silence.
I’m wondering what forces could keep the dollar up if the rates start to lower because silver seems to be wanting to move to 46 slowly maybe weeks next. Otherwise I wonder if the dirt bags at wall street real estate like blackrock et al who bragged theyd be back buying up more property to rent out for easy money. From what I’m seeing a large number of people particulary young people, single people, those with children including single parents, and seniors are not having trouble finding housing, they’re having trouble finding housing they can afford because of the jacked up prices that doubled in just a few years that’s no joke. People need to team up and crash that housing market If the dollar drops below long time upward support on its downturn will be good for the miners except cost to them too we’re heading for increasing stagflation to inflation and serious economic trouble the neocons war schemes will make even worse.
No Numbers ????….Something has sent them wild….Oil is also exploding and being sat on,,,,,and it looks like there is a huge Ag seller at 42.00…if 42 is left behind today, then the shorts have to be looking at high windows, that open.!!!
Great news if true. It’ll be interesting to see his motivation. I think the trans stuff carved on the cartridges is a distraction.
No real numbers over here except consumer confidence. Shouldn’t be a big mover.
Oil is spiking though.
Been a wild week.
Silver has lost 2/3 rds. of its overnight gains. Same with gold, although gold was never up all that much. Dollar popping and rates now up 5 bips.
Not really a surprise, we’ve had a heckuva run.
I’m thinking about sitting next week out. Hard to see upside around a Fed meeting. If they only cut a .25 pt. I don’t see how we won’t get whacked for a couple days. Then the dip buyers will come back with a vengeance.
Up $.80 now, with gold up $10. Silver got as high as $42.50.
It’s a little bit of a surprise that we’re up at all, given that the dollar and rates are higher. Is someone having inventory problems with silver in London or on the Crimex? Surely the paper players are having some problem with their short paper.
PM shares are up again, but silver shares are ripping in the premarket. It’s awful early, and we’ve seen these spike moves in the overnight markets get reversed many times before, so I guess that’s a possibility. The RSI has been sitting on 70 for the last two weeks, but the chart looks to be breaking up and out of this short consolidation. We’ll see.
Oil reversed and is up near 1% but still just below $63. Bitcoin is flat, but must’ve had a decent move yesterday.
It appears that this truly is IT!!!!!