Gold and silver are rallying but on low volume.
Iran…Both sides are having their issues over this war so would be nice if they made a peace deal. One of the issues is Iran won’t move on halting nuclear issues for financial relief.
Sng 17:45 8/9
I missed that, one of my grandsons Bday celebration he’s been reminding me counting down that last few days after I asked him what he wanted and gave me daily options. Football gear or tech stuff.. Luckily they took him to the river kayacking to use up all that energy. I don’t know much about those direct energy gadgets but people who track them said theyre on the gov weapons list. Also that those same city’s were targeted for 15 minute cities.
I liked that video because it made more sense and with actively involved people. The UN apparently still has his hooks like blood sucking parasites in Europe. What good have they ever done any country?
Shift
The probes in the metals are now coming to the upside. Drifting down, then a flurry of buying. Exact opposite of what we’ve seen for months, and not tied to anything else that I can see.
Just beautiful to see for a change. Hope it continues. 🆙
there’s $65 silver…
…in the rear view mirror.
HUI springing back to life
Despite Barrick being crushed. Have we finally entered a new bull market?
Maybe the early stages of the dollar demise?
Silver shares look ready to rumble.
Boom!
There goes silver! GLD goes positive as well.
Not looking too bad
Barrick is weighing on the indexes but everything else is doing OK.
No surprise we’d give a little back after the monster days we had last week.
Maybe the worm is turning?
treefrog – we’re going to bust it soon, maybe even today. Silver looks good.
silver…
struggling to get past $64. every time it breaks above the line, someone/something’s there to sell it back to 63.75 (or lower)
coiling ??
D’oh!
The Hormuz Letter
@HormuzLetter
·
10h
BREAKING: The UK has discovered that the Royal Navy’s new spy drone fleet planned for the Strait of Hormuz and multiple Gulf spy missions against Iran have been secretly transmitting data from the drone’s primary camera to China since March, per The Telegraph.
The £12M K3 Scout multirole uncrewed surface vessel (drone boat) fleet built by Kraken Technology had cameras with Chinese-made components transmitting “heartbeat communications” to an IP address in China, with cameras remaining active even when the drones were switched off.
The compromised cameras were also near highly sensitive meetings between senior UK special forces staff, and preparations for Britain’s Gulf plans against Iran had been conducted on the compromised drones.
The same K3 Scout model has also been purchased by US Special Operations Command.
Likely better than life at home … but is it a form of slavery?
Anton Gerashchenko
@Gerashchenko_en
·
19h
Brigades of North Korean female workers are arriving in Russia.
They are being employed on assembly lines, in garment factories and kitchens, and on farms, with promised wages starting at 480 rubles ($6) per hour.
Human rights activists earlier reported that, from recruitment through their daily lives in Russia, workers from the DPRK are under the tight control of the North Korean government. The DPRK authorities confiscate their documents, restrict their movement and communication, and withhold a portion of their earnings.
Barrick clears way for IPO with Newmont mining truce but shares sink 6% on Q2 earnings miss
Barrick Mining (B) said Monday it reached an agreement with Newmont (NEM) on their Nevada joint venture, in which Barrick’s Fourmile and Newmont’s Fiberline and Mike projects will contribute to the JV, resolving all outstanding disputes between the partners and allowing Barrick to list its North American assets in New York.
Newmont (NEM) also will make a one-time payment to Barrick (B) of $1.95B, reflecting the additional value of the Fourmile asset, which Barrick has said could produce up to 750K oz/year of gold.
The two mining giants, which already partner on the Nevada Gold Mines venture, had been locked in a dispute as Newmont (NEM) tried to block Barrick’s (B) plans for a separate listing of its North American assets, including the JV.
Expand article logo Continue reading
Nevada Gold Mines provides around half of Barrick’s (B) gold production and profits, but the U.S.-based assets are more highly prized by investors than the company’s mines in Africa.
“Newmont has consented to the IPO and the parties have agreed to expand NGM with the earlyvend-in of our excluded properties, as well as settling all disputes,” said Barrick (B) President and CEO Mark Hill, who will also become CEO of the new company upon separation.
Barrick misses, NEM benefits
Reuters – 8:20 AM ET
* Barrick’s US-listed shares fall nearly 6% before the bell * Companies reach deal to resolve Nevada Gold Mines disputes * Barrick expects North American IPO to be completed by end-2026
Barrick is getting hit for 6% or $2.60, NEM is up 3% or $3.40
We’re starting to struggle a little against the stronger dollar, rates and oil. SM is fading as well. This will be a good test for us. If the losses are small today, it’s probably a good day.
There will be 10 days of darkness not three months.
Never heard this before. Like theres people watching over us preparing for after the end of the Fed dollar. The reset and a sovereign wealth fund to pay us back what was stolen not a basic income.
https://substack.com/@juanosavin107/note/p-208490016?r=28qqrz
Same here.
All I can see is that the experts were totally wrong. Now, where have we observed that before in the last six years …….
People with bits of paper to their names befuddling the masses with their ‘expertise’.
Dollar flipped positive
Oil was down a buck but now flat. Rates up a bip.
PM’s have made some gains from a couple hours ago, silver is leading, up $.75, gold up $12. PM shares firm in the first trades of the day.
Nothing to write home about just yet, but not giving it back either.
Still a ways to go before the Crimex and SM open in the US.
ferret – I agree with that, although both those countries may smell blood in the water in Iran and could be looking at resources. Who knows really, it’s hard to know what the truth is over there – for me anyway.
Buygold, yes, I understand that.
But a couple of missiles lobbed at the Saudis doesn’t warrant a full scale invasion. Atm Iran seems to be holding all the cards, they don’t need to involve MbS and stasis suits them fine messing up western economies and getting everyone to hate America for trying the FAFO route.
Silver is doing well.
Dollar a little weak here in the overnights
Not reflected much in the metals just yet, but we’ll see.
ferret
The premise was that if Iran were to lob missiles at the Saudi’s, then Turkey and Pakistan would take on Iran. They could do it.
Yes, He will bring them back, but He will establish a throne there. I take this to be during the millennial reign.
Ferrett
We have reserves but their low because Biden idiotic inflation has was going up every month along with everything else to 7 dollars a carton eggs that his loser handlers used the reserves to bring it down.
But now with this those reserves are even lower. Trump has ramped up the production but the blue states like California driving out refiners and pipelines might be a different story.
Iran might not be doing much better if their oil exports are being obstructed.
If his is the type of war that drags on and on we could be eventually looking beyond 150 oil. Last thing either country needs. But if it does you’ll know what else to invest into.
Buygold, and then He will rebuild it.
But if Iraq couldn’t win a land war, and the USA can’t win an aerial and missile war, who’s going to take them on apart from some skirmishes?
The petrodollar should have collapsed by now. Oil should be $150 a barrel. Nearly six months after it started, not a great deal has changed as far as I can see. We keep getting fear of Cushing bottoms thrown around, and in Oz we’re down to 21 days for jet fuel and Diesel, and 26 days for petrol, with probably enough Diesel and petrol on the way to keep us going but no details on jet fuel. Actually, that’s looking pretty grim, three months ago they were all above 30/35 days.
Ferret
Jeremiah 49 says in the latter times Elam will be scattered to the four winds.
I suspect Turkey and Pakistan could make that happen. If they are the new protectors of the Saudi’s, what does that do to the petrodollar?
The new pact
So If Iran launches missiles at Saudi Arabia then Turkey and Pakistan are obliged to come in? Both those countries have land borders with Iran.
Clash Report
@clashreport
·
Aug 8
🇸🇦🇵🇰🇹🇷 Riyadh’s roads, bridges, and landmarks were lit in the flags of Saudi Arabia, Pakistan, and Türkiye to celebrate the new Makkah Joint Defence Agreement.
The pact treats an attack on one country as an attack on all three and expands defence cooperation.
Honest Muslims
Theyre not coming to live in peace. Muham funny his name has ham in it also misrepresented Jesus. He was the total opposite of Jesus. Jesus sacrificed because he loved his father’s children and strong enough to do it. . The ham only loved himself and expected to con God’s children away from God and commit violence on the ones who would not follow and sacrifice for him. You can see it on the beginning of the Koran. First following Isreal biblical values and recognized Jesus but when he couldn’t con people to worship him his words changed to hate and violence. Then used physical desires for heaven 72 virgins. Your not physical on the other side. I’ve been there it’s beyond physical.
Only thing if it happens young it takes some of your desire ial things in a time you should be preparing because you know where you ultimately go you won’t need them nor care about it.