the stepchild of monetary metals got over six bucks today !!
I started keeping a daily
tab on 2 different ratios ( DJIA/Gold, and XAU/Gold) back on January 7 ( after Captain talked about them. And I believe Maddog had also posted some charts from trading view).
On January 7, the DJIA/Gold ratio was at 11.0. Today it came in at 9.11. A 17% drop!!!!!
The ratio of XAU/Gold has gone up! ( from .082 to .083).
If that isn’t clear evidence of a rotation into Gold, I don’t know what is. But there’s still no belief in the mining stocks!!!!! What in the world is going to make that happen?
Buygold @ 16:03
Now up over $300! Just amazing! 🙂
Mr.Copper @ 12:40
It’s a tragedy how so much of our manufacturing got moved overseas. What can you call the people who enabled that but traitors! Many of those people don’t call anywhere home. They worship the god of money.
I’ve never seen a $200 up day in gold – 25 years
Just beautiful. Time for gold to start moving like silver? Up 3.7%
Silver no slouch up 3.8%
Have these guys been shorting all the way up? Is this still covering or are the momo guys chasing.
Momo, fomo – who cares. keep going!
Tether
- Tether CEO Paolo Ardoino told Bloomberg that he expects the company to become one of the largest gold central banks in the world.
- The company plans to start trading its gold reserves for additional profit.
- Tether owns around 140 tons of gold, worth around $23 billion, stored in a nuclear bunker in Switzerland.
Tether CEO Paolo Ardoino said the stablecoin giant is on track to become one of the largest gold central banks in the world and plans to actively trade its reserves, Bloomberg reported Tuesday.
Apparently, they’re buying 1-2 tons of Gold per week….
Here’s the test
Do they still have the juice to slam pm’s like they usually do when Powell starts his presser?
So far, every tap down comes right back, but the shares are slowly sliding down.
Weird day.
silverngold @ 14:08
That’s rich after what those a**holes did to the ostriches.
Spit
@ipso facto re Looks like the dollar is heading lower
The US Dollar is still way over priced, it was historically around 80 on the index. For a while it was up to 110, so 96.38 today is still way over priced. And besides all that all prices on the futures market are priced in US Dollars.
So when the dollar goes down, all the others go up, shown below. The only currency that sort of matches the dollar, or is pegged is the Japanese Yen and the Chinese Yuan.
1.5 years https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w
3 months https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d
Lest face it, if back around 1989 they were promoting off shoring our jobs to China, don’t you think American companies would want assurance that things stay the same, re currency exchange rates? Like a business needing a 50 year “lease” so they don’t waste their money moving everything over there.
One time I saw a trucker moving machinery out of a manufacturing business. I asked him, where are you going with all that machinery? To the docks in Manhattan going overseas.
Remember the 2% rule in Gold?
I wonder if it is about to be thrown out the window like it was in silver?
Good riddance.
Dollar
Seems to be a non-factor today. I wonder if Holter is onto something. Could it just be that all fiat is going to its true value of zero? While silver is in shortage, gold is in the early stages of sniffing out a total fiat collapse?
The perfect excuse to usher in a CBDC, because a digital currency made of air holds so much more value.
Looks like the dollar is heading lower
Otavio (Tavi) Costa
@TaviCosta
·
19h
Another key piece of the macro puzzle is now on the table:
A decisive breakdown in the US dollar.
The world remains heavily overweight U.S. assets and is not positioned for a sustained dollar downtrend.

A quote for the times
illuminatibot
@iluminatibot
·
2h
“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.” ~ Friedrich Nietzsche
Goldsky is flying I guess due to this news …
Goldsky to Become 100% Owner of Barsele Gold Project via Acquisition of Agnico Eagle’s 55% Interest
https://finance.yahoo.com/news/goldsky-become-100-owner-barsele-123000626.html
Mortgage numbers were horrible
Refinancing, new purchases were ugly. I think the economy is slipping and inflation may join the fray again.
OTOH – Gold shares are stellar. What does it mean? 🤫😂
Fed effect?
Silver shares are less than impressive today so far. Wondering if we still aren’t going to face some Fed games after the announcement.
They’d spend their last dime if they knew they could hurt the pm sector.
Deer 79
BTW Now that many of us are no longer here if retired things are starting to go backwards plus will be harder on doctors ” the good ones” losing they’re eyes and communication networks. Warning find a good doctor and people you can trust.
Deer79
I agree, in fact I know all about it. That’s why I became a nurse. Concerning our elders veterans and even children. You find it’s not so easy to make things better and learn the games that will try to stop you that are endless and try not to settle in and find like minded to work together. The problem with repubs is they don’t work together as well and need to seriously work on that as well as not think they get a vacation when Trump’s in and knowing he only has a few years they better get things set in stone like the borders and none senile nut like Biden can’t break the law again that will end them and this country with it amongst a plethora of other things.
Goldielocks
I totally agree. I made it sound very black and white. I certainly recognize that there’s a lot more to it than just simply looking at the overall general view.
I digress a bit, but I do think that there are some honest, well meaning politicians out there. It’s the system that makes them conform to wrong doing and drags them into the cess pool if they want to politically stay alive.
Deer79
I’m not taking sides cuz no sides perfect but every what event? Some would call Islamic event. What’s going on in Europe, Ukraine, Iran, China, Canada, South Africa killing white people. As far as these globalist and there CBDCs who caused the devaluation of the dollars? They will use any event as a excuse.
buygold,
there’s that short time window swinging the other way. roller-coaster ride! wheeeee!!!!!
is everybody’s seat belt fastened?
deer79
Unfortunately I think you are likely right. Chaos will be a premium time for instituting a CBDC system. They will “SAVE” everyone and if it gets the grocery trucks moving again how much opposition will it get? We are truly COOKED if put under that yoke!
Buygold 9:37
Yep he’s doing his job protecting us while the socialist are giving their country’s away.
Glad gold going up and keep that ratio up.
