Posted by ipso facto
@ 9:09 on August 14, 2026
The Kobeissi Letter
@KobeissiLetter
Retail investors are piling into gold-mining stocks:
The gold miners ETF,
$GDX
, attracted +$9 million in retail inflows on Wednesday, posting its 6th daily inflow over the last 7 trading sessions.
This follows +$17 million recorded on Monday and +$25 million on Friday, the largest daily inflow in at least a year.
By comparison, the previous largest daily inflow in 2026 was +$23 million posted in February.
Overall,
$GDX
has attracted +$419 million in inflows so far this month, putting it on track for its largest monthly intake since February.
Demand for gold miners is skyrocketing.
Chart
Posted by ipso facto
@ 9:06 on August 14, 2026
Mark
@Mark_IKN
Wesdome
$WDO.to
2q26 first impressions. Decent enough qtr, avg received gold price (C$6,040/oz) was slightly low (often simple bad luck), op costs right on the button, G&A up. Overall: acceptable.
Like strong spend on mine assets
Like the share buybacks
Like adoption of DRIP
Wesdome Reports Strong Second Quarter 2026 Results and Reaffirms Full-Year Production and Cost Guidance
https://finance.yahoo.com/markets/stocks/articles/wesdome-reports-strong-second-quarter-221500654.html
Posted by Maddog
@ 8:09 on August 14, 2026
It may only be a B wave up, with a C down/sideways to come…..but the way it runs as soon as the wave goes up. is v bullish.
Posted by Buygold
@ 6:44 on August 14, 2026
I think there’s a chance. No downside follow thru this am for whatever that was yesterday. It seems whenever pm’s go sideways for a few days, it resolves with a move down. I still think there’s a good chance we’re in the beginning of a new bull. We’ll see if I’m high on the hopium.
Right now everything is pretty much flat. The dollar is down slightly.
I’ll go out on a limb and say we recover at least half of what they took yesterday, and they close them up near the round numbers, $4400 and $65.
Hopefully we resume next week.
Posted by Maya
@ 3:52 on August 14, 2026
Posted by ipso facto
@ 0:55 on August 14, 2026
Dangerous business not even taking into account Black Lung Disease. I’m sure it’s better now but still you are doing good if you’re a coal miner and live to 70. I think people back then were tougher, maybe by necessity. Little safety net … you don’t work and your family doesn’t eat.
Posted by aufever
@ 20:43 on August 13, 2026
Posted by ferrett
@ 20:02 on August 13, 2026
No chance of smoking underground back then. You were searched for matches, lighters and cigarettes before you got into the cage. Of course, in a coal mine methane was a given, Davy lamps and canaries were the only detection method back then – canaries were not outlawed until the 1980’s in the UK. Claustrophobia? The seam was only two feet high. Rescue teams? Simply the most experienced miners fit enough, but they never had a need at his mines. Neil didn’t mention what you did if you needed a crap ….
Posted by silverngold
@ 19:17 on August 13, 2026
Posted by silverngold
@ 18:59 on August 13, 2026
Posted by ipso facto
@ 18:29 on August 13, 2026
Neil Ringdahl
@NeilRingdahl
·
14h
Today, in talking about gas in mines to someone on X, I was reminded of my first trip as a #Mine #Rescue brigadesman and part of a “proto team” to a gas explosion in South Africa back in 1995. A grim memory that I can never forget and stills feels like yesterday.
I don’t like to talk about these experiences, they are painful, but I think it helped me a little to put it to paper, albeit with tears at one point. So it is not an entertainment piece, I hope it educates those who know nothing about mine rescue & warns some of my fellow miners to always respect the danger of gas in mines and the importance of good ventilation to mitigate it.
If you are easily upset or queasy, please read no further.
https://x.com/NeilRingdahl/status/2087799207717437446
Posted by Buygold
@ 17:44 on August 13, 2026
SNG – I would venture a guess I’m about the same from May 15th, but still a good 20+% off from February. This rally of the last week has helped a lot, and the shares are outperforming so far.
Maddog – GDX did manage to hold the 200 day today, I think there’s a fair chance we turn up tomorrow, but it depends what the scum has in mind and how deep they want to correct them.
Posted by goldielocks
@ 17:34 on August 13, 2026
Posted by goldielocks
@ 16:24 on August 13, 2026
Dang you were busy. Yeah I remember and mentioned AON and below bid to catch it on the way down as quickly as I saw you post and after my frustrating experience of trying to sell and get out before it turned back down a Canadian stock when it reached my target, just a small order testing the foreign waters stock and it just sat there even when it was moving up beyond ask price. I changed it to a below bid price THE NEXT DAY and finally it sold. Then after what I read from you that day no matter how good a Canadian mining stock is I never would buy unless it traded in a US ticker symbol.
Also people might remember after 08 crash someone else watching this happen. Their wives. Might not want them trading anymore. There husbands health alone vs the market.
Posted by Maddog
@ 15:30 on August 13, 2026
How far we fall will tell much.8 days up…maybe 3 to 5 down.
Posted by silverngold
@ 15:05 on August 13, 2026
I was managing another two portfolio’s for my mother and my in-laws so got them out along with my big winners so they were safe. By that time the PM;s were falling fast and that is when I was getting fleeced on the residue I had remaining; nickel and dimed to death as you are describing…and in those days the commissions were $25 per trade so it was costing me more for commissions than I got for the 10 shares someone bought when I had 1000 shares to sell. Yes, I got “spanked” on those until I began putting in “all or none” sell orders. That stopped their games.
Posted by ipso facto
@ 15:01 on August 13, 2026
We’re just going to have to exit before it all becomes chaos.
Try to do better next time! 🙂
Posted by ipso facto
@ 15:00 on August 13, 2026
Thanks for explaining SnG’s portfolio moves. 🙂
Posted by goldielocks
@ 13:55 on August 13, 2026
After sng barley surving the crash of 08 with a 100 different stocks crashing at the same time and the games they played charging him at that time they only selling a portion at a time then charging him for selling 10 shares at a time when he was selling hundreds or thousands of shares nickel and diming him all the way down. That is hardly any shares to him.
I know it wasn’t funny at the time but he had me laughing with his nightmare story he posted especially when he said about some cheaper explorer micro stock around a dollar or something with ” WHO BUYS 10 SHARES!!!! LOL LOL
I will never buy from.the Canadian market. We complain about ours theirs is worse.
Posted by ipso facto
@ 13:08 on August 13, 2026
I thought you only had a couple of PM stocks! Glad to see you’re broadening out your investment choices! 🙂
Posted by ipso facto
@ 13:06 on August 13, 2026
Words and deeds are often far apart!
Posted by silverngold
@ 12:33 on August 13, 2026
At that time Gold closed at $4540 and silver closed at $76.02 FWIW! Sng
Posted by Buygold
@ 12:27 on August 13, 2026
Aren’t Turkey and Pakistan supposed to step in now and attack Yemen and Iran by default?
Posted by Buygold
@ 11:53 on August 13, 2026
Posted by ipso facto
@ 11:15 on August 13, 2026
Visioner
@visionergeo
·
Aug 11
🇨🇺🇺🇸 Raúl Castro’s grandson is emerging as a key intermediary in Cuba’s secret negotiations with the Trump administration, while increasingly positioning himself as a potential future leader of the country, according to The New York Times.
Raúl G. Rodríguez Castro, 42, is a colonel in Cuba’s Interior Ministry who previously served as his grandfather’s personal bodyguard and aide. His political profile has risen sharply as Washington and Havana conduct sensitive behind-the-scenes negotiations.
Rodríguez Castro has recently held separate meetings with CIA Director John Ratcliffe and U.S. Secretary of State Marco Rubio, placing him at the center of an unusually important diplomatic channel between Cuba and the United States.
more