Loading ...… and this brand of authoritarian tyranny will be coming to the USA when they install Newscum in 2028.
Go local folks … tell the crazies to take a hike.
Have a nice day.
Captain
Thanks for the update. I do get the sense that silver is gonna blow here pretty soon too.
It will be interesting to see how the GDX/GLD ratio plays out.
The timing is tough going into a Fed meeting, but the GDX and large caps sure look strong today.
No doubt we need more money coming into this sector.
Chemtrail aircraft flies near one that is not
Notice the difference
Buygold
I use this site. I believe it’s spot gold.
https://goldprice.org/live-gold-price.html
I think you’re right about “breaking away soon.” It’s inexorable. How’s that for a 10 cent word! 🙂
The inverse head and shoulders pattern …
… on the yearlong GDX / GLD Ratio is testing this month’s breakout now …
… with the possibility of a springboard surge at some point in the not-too-distant future.
Everything is crossed as prices are still only scraping the bottom as the index funds continue to funnel funds primarily to tech stocks.
At some point inflation measures and commodity prices will escape the control of this rigged market – producing a generational Capital Rotation Event (CRE) to undervalued sectors.
With this being a Grand Supercycle Degree event it’s not surprising this is taking a very long time.
Hang in there folks.
Buygold @ 10:23
Commercial shorts continue to sell silver aggressively in order to cap prices – but it should be noted that most of the sales recently have been Exchange For Physicals (EFP) in terms of net increasing open interest (OI).
So a lot of the OI increase should fall off at month end when those EFP’s are settled.
Physical deliveries for both gold and silver have moved over to London with this being an off month – so it will be instructive if deliveries revert back in Comex delivery months over the summer.
Supplies in London are challenged, so this should be expected. This would be bullish because Comex supply is also challenged with the rate of offtake at record levels.
Such an outcome would lead to speculation delivery problems could be encountered as year-end approaches.
Mornin all
Ipso – I see that in the futures price
Looks a lot better than the $32 on spot. Funny how $32 doesn’t even seem like much anymore – less than 1%
There’s a big discrepancy between the GDX and HUI today. There must be a HUI component that is dragging it down, I’m just not sure which one.
They are fighting us for every inch. If that dollar moves up at all, they hit us immediately. But I’m watching NEM, KGC, B & AEM this am, they take a hit and then come right back. My gut says we are going to break away from this pretty soon. Maybe it’s just hopium.
Who knows?
OSINTdefender
@sentdefender
·
13h
According to CBS News, U.S. officials have been told Israel is now “fully ready” to launch an operation into Iran, with this being a primary reason for the announced evacuation of the U.S. Embassy in Baghdad and General Consulate in Erbil, as well as the departure of military dependents from the Middle East. U.S. officials are concerned that Iran could launch attacks against U.S. bases and assets in the region in response to a strike against its nuclear facilities by Israel.
Air India London bound crashes
Unknown cause. 242 passengers
Numbers must have been weak
The dollar being shoved lower.
Not helping the metals though, they are being locked down. It is helping the SM a little – tech mostly.
Everyone now looking for a rate cut, which gives them even further incentive to lock the metals down. We’ve been getting screwed vs. the dollar since Monday. They owe us bigly, but we might not see it for another week.
Same old, until it’s not. Apparently, London is tits short silver right now. $40 seems light if this were to blow. But somehow, they’ll find a way or create a rule that will get them out of trouble.
Condor Resources Announces Approval of DIA for Cobreorco Project in Peru
https://pro.ceo.ca/@accesswire/condor-resources-announces-approval-of-dia-for-cobreorco
Cassiar Gold Announces a Significant Increase to the Mineral Resource Estimate at the Taurus Deposit
https://pro.ceo.ca/@newsfile/cassiar-gold-announces-a-significant-increase-to-the
Honey Badger Announces Summer Plans to Explore Exciting New Silver and Gold Targets at Plata
https://pro.ceo.ca/@newsfile/honey-badger-announces-summer-plans-to-explore-exciting
Adyton Reports Update on Feni Island Gold-Copper Project Drilling
https://pro.ceo.ca/@newsfile/adyton-reports-update-on-feni-island-gold-copper-project
Onyx Gold Reports Second Drill Turning at the Munro-Croesus Project; Welcomes Gold Fields as a Strategic Investor
https://pro.ceo.ca/@newsfile/onyx-gold-reports-second-drill-turning-at-the-munro-croesus
Silver Storm Commences Trading on the OTCQB Venture Market
https://pro.ceo.ca/@businesswire/silver-storm-commences-trading-on-the-otcqb-venture
Thesis Gold Announces C$20 Million Bought Deal Private Placement
https://pro.ceo.ca/@globenewswire/thesis-gold-announces-c20-million-bought-deal-private
TDG Gold Mobilizes Field Team to Greater Shasta-Newberry Copper-Gold Project, Toodoggone
https://pro.ceo.ca/@accesswire/tdg-gold-mobilizes-field-team-to-greater-shasta-newberry
Churchill Reports Very High-Grade Results of 35.1% and 29.7% Antimony and 14.4 g/t Gold at the Black Raven Past-Producers, Central Newfoundland
https://pro.ceo.ca/@globenewswire/churchill-reports-very-high-grade-results-of-351
GT Resources – Copper – Palladium – Platinum (“PGE”) Project Updates
https://pro.ceo.ca/@newsfile/gt-resources-copper-palladium-platinum-pge
Harvest Gold Identifies 15 Primary And 10 Secondary Targets For Its Diamond Drill Program At Its Mosseau Project In Quebec
https://pro.ceo.ca/@thenewswire/harvest-gold-identifies-15-primary-and-10-secondary
Cerrado Gold Begins Underground Operations at Its Minera Don Nicolas Mine
https://pro.ceo.ca/@accesswire/cerrado-gold-begins-underground-operations-at-its-minera
Torex Gold Releases 2024 Responsible Gold Mining Report
https://pro.ceo.ca/@newsfile/torex-gold-releases-2024-responsible-gold-mining-report
Lake Victoria Gold Positioned to Benefit as Barrick Expands 2025 Drill Campaign
https://pro.ceo.ca/@newsfile/lake-victoria-gold-positioned-to-benefit-as-barrick
NevGold Extends Oxide Gold-Antimony Mineralization Over 1.7 Kilometers at Cadillac Valley Target: 2.28 g/t AuEq Over 30.5 Meters (1.29 g/t Au And 0.22% Antimony) Within 1.61 g/t AuEq Over 61.0 Meters (1.08 g/t Au And 0.12% Antimony)
https://pro.ceo.ca/@globenewswire/nevgold-extends-oxide-gold-antimony-mineralization
Electrum Discovery Identifies New Mineralised Trends and Refines Targeting with Magnetic Survey
https://pro.ceo.ca/@thenewswire/electrum-discovery-identifies-new-mineralised-trends
Osisko Development Files NI 43-101 Feasibility Study Technical Report for the Cariboo Gold Project
https://pro.ceo.ca/@globenewswire/osisko-development-files-ni-43-101-feasibility-study
Fortuna Completes Strategic Investment in Awalé Resources Limited and Files Early Warning Report
https://pro.ceo.ca/@globenewswire/fortuna-completes-strategic-investment-in-awal-resources
Generation Mining Announces $10 Million Bought Deal Financing
https://pro.ceo.ca/@newswire/generation-mining-announces-10-million-bought-deal
Equinox Gold Provides Updated 2025 Gold Production and Cost Guidance, 2025 Full-year Pro Forma Guidance, Including Calibre Mining Assets, of 785,000 – 915,000 Ounces of Gold, Greenstone Mine Expecting Strong H2 2025
https://pro.ceo.ca/@newsfile/equinox-gold-provides-updated-2025-gold-production
New Gold Announces Redemption of Remaining Outstanding 7.50% Senior Notes
https://pro.ceo.ca/@newswire/new-gold-announces-redemption-of-remaining-outstanding
GoldQuest Receives Environmental Terms of Reference for Flagship Romero Project in the Dominican Republic
https://pro.ceo.ca/@newsfile/goldquest-receives-environmental-terms-of-reference
Perpetua Resources Announces US$300 Million Bought Deal Financing and US$100 Million Private Placement as part of Comprehensive Financing Package for Stibnite Gold Project
https://pro.ceo.ca/@newswire/perpetua-resources-announces-us300-million-bought
Sandstorm Gold Royalties Portfolio Drilling and Exploration Highlights
https://pro.ceo.ca/@newswire/sandstorm-gold-royalties-portfolio-drilling-and-exploration
Rumble Resources Announces Acquisition of Interest in the WILMAC Copper-Gold Project in Southeastern British Columbia and Concurrent Financing
https://pro.ceo.ca/@newsfile/rumble-resources-announces-acquisition-of-interest
Bayhorse Silver Confirms Strike Extensions 150 Meters (492ft) of Silver Mineralization at the Bayhorse Silver Mine, Oregon, USA. Plans Additional Underground Drilling Program to Extend New High Grade Drift Zone. Posts Baseline Permit Studies to Website
https://pro.ceo.ca/@newsfile/bayhorse-silver-confirms-strike-extensions-150-meters
Aya Gold and Silver Announces Upsize of Previously Announced Bought Deal to $125 Million
https://pro.ceo.ca/@globenewswire/aya-gold-and-silver-announces-upsize-of-previously
NuLegacy Gold Announces Effective Date of Share Consolidation
https://ceo.ca/content/sedar/NUG-2025-06-11-news-release-english-0eaf.pdf
Tier One Silver Announces Equity Financing of $4.1 M
https://pro.ceo.ca/@newsfile/tier-one-silver-announces-equity-financing-of-41
Silver Storm Closes Final Tranche of $12,012,000 Brokered Life Financing
https://pro.ceo.ca/@businesswire/silver-storm-closes-final-tranche-of-12012000-brokered
Pantera Silver Initiates Remote Satellite Survey on Rakanco Silver Project in Bolivia
https://pro.ceo.ca/@newsfile/pantera-silver-initiates-remote-satellite-survey-on
Sitka Deepens Winter Drill Hole and Intersects 65.0 Metres of 2.00 g/t Gold, Including 6.3 Metres of 5.53 g/t Gold; Mobilizes Fourth Drill Rig to the Rhosgobel Target at Its RC Gold Project, Yukon
https://pro.ceo.ca/@newsfile/sitka-deepens-winter-drill-hole-and-intersects-650
Golden Rapture Signs 50/50 Partnership on the Bully Boy Mine Minerals Claims
https://pro.ceo.ca/@thenewswire/golden-rapture-signs-5050-partnership-on-the-bully
GMV Minerals Inc. Extends Exclusive Option to Acquire Mexican Hat Mining Claims – Commissions Updated Preliminary Economic Assessment
https://pro.ceo.ca/@accesswire/gmv-minerals-inc-extends-exclusive-option-to-acquire
Colibri Announces Effective Date of Share Consolidation
https://pro.ceo.ca/@newsfile/colibri-announces-effective-date-of-share-consolidation
Looks like pm’s finally noticed the dollar
Nice comeback for silver, but just not up yet. Gold has been pretty solid all night, but it’s come back and now up some too, but not enough yet.
The pm shares always know, they were strong into the close yesterday and strong this am when the metals were weak.
Looks like a weak open for the SM might be helping too. Bonds are being bought, 10 yr. @ 4.368%. Oil back around $67 down 2%. It had a pretty nice bounce. Bitcoin down $1600.
Right now, it looks like pm’s and bonds are the only game in town and things are working as they should be. Unfortunately, the scum is ever present and not allowing things to get out of hand to the upside.
PPI comes out in 30 minutes. No doubt it will probably have an impact.
We should be doing better than this though – as usual.
Huh
We were doing pretty well all night and then sometime in the last hour or two silver fell apart taking gold with it, although GLD is still up from the AH trading yesterday.
SM futures look slippery. The dollar is down, and rates are down a couple ticks. Oil is also down 1%
Oddly enough, large cap gold stocks are getting a bit of a bid in what I guess is Globex trading? Nothing crazy, GDX is up near 1%. OTOH, silver shares are down a bit, but not as much as I thought they would be. Miles to go before actual trading starts, but just a little odd to me.
Sounds like war is on the way in Iran. I guess these days war is always on the way, – or riots.
Russia calls out British government.
Brits give response blame China and how it relates to the LA riots
treefrog
That IS priceless! 
Something imminent?
Open Source Intel
@Osint613
Here’s what just went down — and it’s very interesting:
1. UK Maritime Trade issued a rare warning about rising tensions in the Gulf, Strait of Hormuz, and Gulf of Oman, citing potential military escalation that could directly affect shipping.
2. The US Embassy in Iraq is prepping for an ordered evacuation due to security threats.
3. The State Department is pulling nonessential staff and families from Bahrain and Kuwait.
4. U.S. military dependents in Bahrain have been cleared for temporary departure.
None of these moves came from Fleet Forces Command, meaning this likely came from the top, possibly the White House. Something serious is unfolding.
Buygold
Yep, gold over 40 percent since last June. Too fast might cause sell offs.
Platinum seemed to be a partial seasonal move based on industrial need. Seems moving up later than before. From memory something your plant mid summer or early fall and harvest in spring lol
Looking at platinum
It’s up 20% since June 2nd – 8 trading days.
I know it’s a thin market but why can’t gold, or especially silver make a move like that? We’ve seen that and more with Crypto and tech stocks for years.
Not complaining, we’re up 30-40% over the last year, but it sure seems like we have some catching up to do.
Maybe the revaluation is the answer, but wouldn’t all nations need to agree with a re-val? If we do get the revaluation, we can probably expect a nice windfall tax along with it.
Dr Mobeen one of the original heros that teamed with the others like Paul Marik teaching the public on Covid and right treatments including Hydroxy-chloroquine and Ivermectin.
Break down of the Government interfering with the Doctor patient care and the CDC and AMA shills to big pharma lying to the people.
I know this is Kitco, but I thought his method of valuation vs. treasuries and his take on the dollar were interesting. I liked how he noted these were not targets too.
Why gold revaluation charts put prices at $25,000-$55,000 if history rhymes, silver poised for breakout: Crescat Capital Strategist
(Kitco News) – A rare convergence of gold demand from both Eastern and Western economies is fueling a significant rally in the precious metal, and silver is on the cusp of a major move back to its all-time highs, according to Tavi Costa, Partner & Macro Strategist at Crescat Capital.
Speaking at the PDAC 2025 conference in Toronto, Costa told Kitco News that historical comparisons suggest a dramatic revaluation of gold could be in store.
Costa highlighted his firm’s recent report, which examines the potential for gold prices to reach extraordinary levels if the U.S. were to revalue its gold inventory relative to outstanding Treasuries.
“To me, it comes down to the treasury. How much treasuries are outstanding out there – 36 trillion. How much do we own of gold?” Costa stated.
Currently, the value of U.S. gold reserves is about 2% of those Treasuries outstanding, compared to roughly 17% in the 1970s and close to 40% in the 1940s.
“And if we’re going to go back to the 17%, it takes us back to $25,000 dollars an ounce, or if we go back to the 40%, it’s close to $55,000 an ounce,” Costa explained, noting that these are not price targets but serve to illustrate the potential for significant valuation shifts.
He pointed out that central banks have been accumulating gold at 50-year highs since the global financial crisis, while U.S. gold reserves are at their lowest levels in 90 years. This divergence, Costa suggests, could pressure the U.S. to reconsider its gold policy.
Costa also expressed strong concerns about the overvaluation of the U.S. dollar, stating it is likely at its peak and at its most overvalued levels in history versus other currencies. He drew parallels to historical instances of dollar devaluation, such as the Plaza Accord in 1985 and the events of the 1930s.
“What we do know is that the dollar is at its peak, most likely. And that’s the key part of it. So, as an investor, you think, what do I do in that scenario?” he said. He suggests that a weaker dollar would be a “green light to a lot of asset classes that have been ignored for a long time,” including emerging markets and natural resources.
Regarding silver, Costa sees it as being “on the verge of a significant move back to its all-time highs.” He noted positive short-term price action and believes the derivatives of gold, including silver, are looking very attractive near term.
“It wouldn’t surprise me if we see a jump in silver prices to finally close at a quarterly high in terms of the candle. A quarterly high would be around $40,” Costa stated.
He believes the historical “cup and handle” formation in silver suggests a potential breakout is near. Furthermore, Costa highlighted the constrained supply of silver and increasing demand.
Given his outlook on the dollar and precious metals, Costa recommends a rebalancing of investments away from the tech space towards commodities and emerging markets. He pointed to the high valuation of U.S. equities compared to emerging markets. Costa also observed the significant cash position of investors like Warren Buffett, suggesting a potential redeployment of capital when more attractive valuations emerge.