Loading ...they panicked in and are now panicking out……yeah sure…..Scum hitting Plat as hard as they can…canm’t have a runa awy mkt, unless it is a Dog stock .
Gonna be a rough one
I guess since this is the second to the last day of the month, they’re going to go ahead and give us a smash. Gold below $3300 at the moment and silver down $.50 just above $36.
The dollar is flat. Boy have we been screwed vs. the dollar all week. Rates are up 2 ticks. Oil up 1%, Bitcoin flat. SM up again – of course it is.
PM shares taking a beating premarket.
Looks like suckitude to close the week unless something changes.
Eco data – PCE’s come out this am. Not likely to matter much to us, unless they are inflationary and extra hot.
Morning Goldie
I think I’ve seen those commercials for the Morgans. I love those coins. I doubt you’ll get any that are BU, but so what, if the coin if in “fine” condition it’s still nice. Sometimes I think I was born in the wrong era, it would have been so cool to have lived circa the 1900’s when real money exchanged hands. I remember even as a kid in the 60’s when we still had real money in silver coins.
That’s why Bitcoin is so hard for me to grasp. You can’t see it or hold it. Even fiat is better IMHO.
Canadians listen up
Looking for something else more mellow but ran into this. Maybe NY next.
Maya
Check out money metals. They have Morgan AU 40.99 less you buy 100 39.99.
They have circulated for 32 something. Still not a bad deal. You know when Trump appoints the next Fed he or she is gonna slash interest rates. So keep stacking. At least something might be predictable.
Gold Train
…or is it Ment’s old Dumpster Train?
The ‘Galloping Goose’ railbus
https://www.railpictures.net/photo/882532/
Bargains!
Ran across a TV ad on cable last night offering Morgan Dollars, “BU thru Fine” (meaning they’re circulated) for $39ea. (Limit 5). With silver at $36 and rising, I quickly placed an order for 5. With shipping, cost was $41.20ea. Still a damn bargain! That’s the PCGS price for a ‘Fine 40’ Morgan. I’m sure I will now be flooded with junk mail to ‘buy more’ at only $99ea., but that’s OK.
Buygold
Looks like unless it gets enough momo to cross some lines won’t do to much near term.
I noticed the brought up E Mac Donough plant tonight or afternoon on Fox Ingraham hour, and who ever she was talking for the Republicans talked like a defeatist. Said there such better at that kind of stuff that they are. At what, corruption? They better get better Repubs in there better at countering corruption and undermining the majority elected vote or we might see these losers in the party blow it for the majority mid terms.
Shares closed OK
Gold owes us a move. Hopefully silver takes another stab at $37
The level of lack of common sense with these demos is amazing.
Theyre a constant threat to this country. They complain Trump didn’t notify them before bombing the nuke facility in Iran stirring up trouble and calling for impeachment not even knowing or knowing and sending out fake news by the laws he had all rights covered for the purpose of safety for the mission while at the same time will leak anything they can to their buddies at CNBC like it’s a game. The exact reason they had that provision in the first place.
Buygold
Since when did it matter what I wanted.
I know what you mean. lol
Me and the other finally got my mom’s house sold going from over 3 mil to 2.5 then a bit lower and there’s quite a few of us after a divorce decades ago remarriage thing. You might want to know this but yours isn’t above sea level at least but perhaps on or near sandy areas. I find out yesterday inspection found the house is sinking. Say what!! Always something. It’s kinda sliding off the hill. They still want it esp for that price so the cost to fix it which is really pricy was deducted. Other wise for that many involved I feared it was gonna be a headache but it went pretty smooth. Anyways keep an eye on the foundations on beach houses. Besides the walls starting hairline cracks it a very large family room and bar pool table type room down stairs they put a golf ball on the floor and rolled across the floor toward the edge of hill its sitting on. Yikes
Deer79
It should but should is a tentative word with this sector. Patients and stop lines although they like fakeouts too, is required.
Ducked out for a bit, glad I did
Looks like things have recovered somewhat and the shares are being dragged a little higher against their will by the SM
$40 silver sounds good to me too Goldie, as a first stop. 🙂
They’ve really had gold pinned down against the dollar all weak, so it looks like the scum is somewhat back in control of the paper markets. That sucks until there’s some new buying to shake things up. I guess holding $3300 matters, but I’d rather see strong bounce off it than a drift sideways.
Since when did it matter what I wanted? 🙂
Goldielocks
That would be nice!!!!!
🙂
Deer79
Provided the pattern of metals stays on its ” slow” but sure path silver should be around 40 by the end of July.
Lawfare inside Congress no ones talking about.
Elisabeth MacDonough have veto power over Trump’s big beautiful bill. She also was involved aiding demos during Jan th. She could be fired but wasn’t. She could of been over rided but Thiel feared it would cause a rebound undermining the order of things but it already is if lawfare is sabotaging everything a president is doing that he was elected for and she’s cherry picking things out the demos want out without votes.
Now let’s talk about the legal sleight of hand
Most Americans assume they live under the jurisdiction of the Constitution. But the courts increasingly operate under a hybrid system of statutory and administrative law, often enforced through what is functionally maritime law. Don’t believe me? Take a look at the gold-fringed flag in most courtrooms. That’s not just decoration. It’s a symbol of admiralty jurisdiction, meaning you’re not in a constitutional court. You’re in a corporate tribunal. And speaking of corporations, the United States is defined in 28 U.S. Code § 3002(15)(A) as a federal corporation. You are not a sovereign individual under natural law. You are a legal entity—an asset tracked by a Social Security number and collateralized against the national debt.
So no, martial law was never formally declared. But we’ve been living under a continuous state of emergency ever since.
Martial Law In Mascara: How FDR Hijacked The Constitution And No One Told You | ZeroHedge
JMHO
The stock market is looking forward here and realizes that interest rates will be heading lower, which will be good for corporate earnings. The US dollar is also forward looking. The PM shares are hanging in there, but the scum have to keep their boots on the necks of the metals themselves to prolong the perception that Metals are a bad place to park your money…….
Eco numbers were mixed
Durable goods beat by a mile, up 16.7%. Clearly skewed by probably aircraft orders.
GDP missed badly. -0.5% vs estimates of -0.2% – drifting further into recession.
Weekly jobless claims beat -235 vs. estimates of -245.
The Fed has no excuse for not cutting. None.
The dollar is still weak and the 10 yr. inching down to 4.27%
What do WE get? Suckitude in pm’s. Crimex has things well under control at the moment.
Quiet around here. I’ll step off for a while myself. Enjoy the day all.
Definitely nto building on our gains
Silver shares look decent premarket, most up 1-2%. Gold shares more muted. Not sure what the early bump in silver was all about but just looks like a blip that London got fixed quickly.
The dollar has screwed us all week, would be nice to see us get our money’s worth at some point this week. Volatility has pretty much collapsed in the metals, I guess that’s not bad if we’re slowly gaining ground, but I doubt that will last too long.
Dollar starting to creep back up. Silver shares coming back to reality. We need more arms twisted.
edit: Back to reality now. The dollar moved up two ticks and that was enough to push us back to flat. What a joke.
A switch just flipped
PM’s have been sort of meandering higher in the overnights, but not much. Silver was up $.11, Gold up $11
It appears someone has stepped in to buy silver in the last 15 minutes or so, it’s now up $.55. Gold still up $11, ugh.
I suspect the action in silver is related to the action in platinum and palladium, which are soaring – up almost 4% each.
Anyhoo, most things are looking up this am, as the dollar is down again for the 4th day in a row. Oil, Bitcoin, rates all flat. SM up a little – tech leading.
Gold should be doing better, but we’re used to that. They’ll try to keep the damage in silver at a minimum by keeping gold down. We see stupid stuff like that all the time.
and as I’ve typed, they just dropped silver $.20 and gold $4.
I better stop typing… 🙂
BTW – there’s a ton of eco data today. GDP, Home Sales, Durable Goods, Weekly jobs. Data has moved the needle much lately, but who knows?
This will work – maybe
Silver came through. Gold did enough. Shares not so much.
Thinking we need about a $30 up day in gold tomorrow. Good to see silver back above $36 and not collapsing.
It’s never easy. The dollar has fallen 3 straight days and hasn’t helped, so there’s that. Flip a coin.