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Ipso
I asked Chat GPT if the Barron’s Gold Mining Index is a good indicator.
Part of its response:
Overview of the Barron’s Gold Mining Index
The Barron’s Gold Mining Index (BGMI) has been a significant indicator for gold mining stocks since its inception. It has shown a historical trend of outperforming the Dow Jones Industrial Average (DJIA) since 1920. This performance makes it a valuable tool for investors interested in the gold mining sector.
Performance Comparison
Historical Performance
The BGMI has consistently outperformed the DJIA over the long term.
Yep
illuminatibot
@iluminatibot
I can’t believe I have to say this to people but:
Don’t trust the government
Don’t trust the corporations
Don’t trust the media
Don’t trust the Federal Reserve
So what happens if the Israel-Hezbollah conflict continues?
JD VANCE CONFIRMS LEBANON IS INCLUDED IN THE DEAL
Leaves the enriched uranium issue in limbo?
Read The 14-Point US-Iran Draft Deal Set For Friday Signing
https://www.zerohedge.com/geopolitical/read-14-point-us-iran-draft-deal-set-friday-signing
It’s getting bad here. Guess it’s interfering with their fractional banking.
My daughter showed me the message she got from the bank after she tried to cash a check I wrote her. She couldn’t cash it because it was over 2,500. So she had to deposit it in her bank.
I need to add that over the phone electronically at my own bank with my own accounts I am limited how much I can transfer from one account to another even to a savings.
Overton
Only 19 yrs old going on 60. He wears such a perpetually stern expression; it’s no wonder he feels so at odds with the world.” “He carries such a deep, world-weary frustration for someone who is barely out of high school.”
JD Vance
Megatron
@Megatron_ron
·
4h
 🇺🇸🇮🇷 Vice President JD Vance on the people that are rallying against the deal with Iran:
“They’re proposing an endless conflict. They want this to go on until every bomb has been dropped or until every Iranian is dead.
That is not what Trump wants.”
Goldie one of the ufc drone killers just graduated
And spent his graduation $$$$$ on armour and weapon
https://www.wlwt.com/article/ohio-man-charged-white-house-ufc-attack-plot-tycen-proper/71602523
Oooooh, looks like the zionists aren’t happy!
They regard Netanyahu as weak, without influence, giving up on a non-nuclear Iran, regime change (in Iran) must be achieved, using “creative means” (pure doublespeak, creation means destruction), and they have signalled that they won’t be bound by any arrangements. Who are the Ayatollahs now?
Maybe Trump will finally realise that peace deals aren’t like real estate deals simply because they are both about who controls territory. National, tribal, psychology is the driver. Just as tribal psychology is driving the AfD to the top, and attacks on migrants in the UK. The tribal psychology of the mullahs is to spread their philosophy worldwide. Our weakness is that we are letting them, not by force but by migration.
Anybody hear about this.
A terrorist attack was planned but thwarted by secrete service at the freedom event involving drones. At first I thought he was being funny but he wasn’t. They planned to lure attendees to a pre staged sniper team.
Decent day for the shares
Given the pathetic performance of the metals and the QQQ’s getting pounded.
Can’t help but wonder though if the shorts have been loading the boat in the shares for tomorrow’s Fed announcement. Saying come on in, the water’s fine…🤔
Yep, lost a third of my gains in the last 5 minutes. Pricks.
People are figuring things out
Wall Street Mav
@WallStreetMav
·
2h
In Germany the current govt coalition is CDU (black) and SPD (red). They don’t have much in common, but they typically join for a “grand coalition” when an election in inconclusive.
They have both fallen so low that the could not form another govt if an election were held today. They would need a Black, Red and Green coalition, which makes no sense because the Green party has zero common ground with the CDU/CSU (black).
But they would do (black, red, green) it to keep the AfD out of power, because the AfD is the only party that wants mass deportations.
However now, even the possible black, red, green coalition wouldn’t have a majority.
The AfD is becoming so large in the polls that it is becoming impossible for the other German parties to form any coherent coalition.
Gold not doing much but HUI at HOD as the close nears
Nice change of pace.
crude dropping …
…faster than Bill Clinton’s boxers in an Arkansas trailer park.
Only thing that matters
…on the short term is that there’s a Fed meet tomorrow ( not 100%sure), so the scum have programmed the algos to sit on the metals no matter what…….
Nice Hit
Emperor Metals Returns 15.0 Meters of 61.5 g/t Gold Including 2.4 Meters of 369.6 g/t Gold
https://finance.yahoo.com/markets/commodities/articles/emperor-metals-returns-15-0-120000409.html
Gold Short Squeeze?
The Kobeissi Letter
@KobeissiLetter
Is gold setting up for a short squeeze amid the Iran deal?
Gold funds posted -$2.3 billion in outflows last week, marking the 4th consecutive weekly outflow.
This brings the 4-week average of outflows to -$2.0 billion, the 2nd-largest on record.
This is only below the -$3.5 billion 4-week average record seen in February.
Meanwhile, the largest US gold-backed ETF,
$GLD
, has seen -$2.2 billion in outflows so far this month, on track for its 4th consecutive monthly withdrawal.
Year-to-date,
$GLD
has seen -$8.1 billion in outflows, on track for the first annual withdrawal since 2023.
Conditions are ripe for a short squeeze.
The Spectator Index
@spectatorindex
·
17h
BREAKING: Iranian state media says that five vessels have passed as US naval blockade is lifted
Say it again … Say it again …
Otavio (Tavi) Costa
@TaviCosta
Game on for gold miners.
From weak hands to strong hands.
This is what a bottoming process looks like.
Copper tops $6 a pound
Steve Hanke
@steve_hanke
Mr. Copper tops $6/lb, up ~55% in a year. Aluminum sits at a 4-year high.
AI data centers and the grid are devouring metal faster than mines produce it.
MORE EVIDENCE OF A COMMODITY PRICE SUPERCYCLE.
a slight problem
Sulaiman Ahmed
@ShaykhSulaiman
·
5h
JUST IN: IRANIAN FM ARAGHCHI:
“The end of the war will not be complete without the withdrawal of Israeli forces from the territories they occupied in Lebanon.
Any military attack by Israel on Lebanon and the continued occupation of Lebanese territories from now on, in our opinion, is a violation of the MoU.”
If Trump can make a deal with the Iranians
then he sure should be able to make a deal between the Russians and Ukrainians!