Loading ...At that time Gold closed at $4540 and silver closed at $76.02 FWIW! Sng
ZH: Houthi’s attack Saudi Aramco
Aren’t Turkey and Pakistan supposed to step in now and attack Yemen and Iran by default?
Ipso
Well, OK then.😉
Meanwhile in Cuba
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.
Buygold
How much has gold gone up in the last few years? How much is the HUI off the low? I don’t know about you but my PF is looking much healthier than it used to. 🙂
Maybe we should be doing better, I know that thumb is on the scale … but we are still doing OK.
Cheers
No Ipso
Because the PPI showed less inflation today. Less inflation and more inflation are bad for pm’s, as are falling rates, a falling dollar, and falling oil. Also, a strong SM is bad for pm’s, but a weak SM can also be bad for pm’s. Sometimes when the sun comes out it can also be bad for pm’s as well, but also when it rains.
Understand?
I mentioned yesterday that they were going to keep the metals below $4400 and $65 on the week. They also know the importance of the chart that maddog posted on GDX.
This is nothing less than a coordinated attack from the feds and their banker henchmen. It makes absolutely no sense.
Maddog @ 5:06
Enjoyed that one. Thanks!
Shouldn’t this be helping us?
2026 Rate-Hike Expectations Plummet After Cooler-Than-Expected PPI
On the other hand we’ve been running hard and some pullback would be normal. IMO
Re:BTG
Mark
@Mark_IKN
·
12h
Suitably impressed with how B2Gold
$BTG
$BTO.to
has traded this week and consolidated its big move. Outperformed
$GDX
handily today, plenty of willing buyers.
Below is how IKN697 put it, published a couple of days ago. I don’t own any, but hope Mike Cinnamond does good things.
Hey Goldie
No, I didn’t notice that. Just took a quick glance at it. Regardless, if it’s a point of a big breakout that will grab the attention of buyers, it will always be defended.
Inching back before the PPI
Who knows what happens after.
The dollar is flat, rates down slightly and oil down 2%. SM futures are up a little.
Hard to see the PPI doing anything other than being in-line with expectations, but smarter people than me already know what they are. I suspect that’s why they’ll be a nothing burger. They always have the element of surprise on their side though; I guess we’ll know soon enough.
Edit: Looks like the numbers were in-line, so we’re going to have to stand on our own merits today.
Buygold 5:18
Did you see the small head and shoulders on maddogs chart at the point of breakout. It mirrored the last one if you look at the first point to the left. Except the new one did break out but pushed back down so there is some push going on. I didn’t say anything cuz although seldom do you have a failed head and shoulders but you have to wait and see.
If you’re not going forward…
you’re going backward.
I think that’s probably what we saw yesterday when we ran out of steam with the help of the money maggots. Surely the algo’s will say to each other that “well, it looks like the buying is drying up, so we better switch to sell everything.”
That appears to be what we’re getting this am. Everything sold without reason or correlation. Shares taking the biggest hit in the premarket, with the silver shares leading the way. The metals don’t look good, but they don’t look horrible either. If the PPI comes in even a little hot, the metals will get spanked. So, it looks like we’ll find out if there’s any support in the moving averages.
Isn’t it funny that the selling starts right at the exact place where maddog’s chart points to a massive breakout? I’m sure it’s coincidence, even though it happens every, single, time.
A little clumsy presentation but well worth the time to watch since it affects the future of this planet.
To Sng the most interesting segment of the interview was on “structured water” and the effects the jabs had on pregnant women; 80% miscarried, and the explanation, to my understanding, may have been due to the huge change that took place in the amniotic fluid (structured water) of the fetus, causing the miscarriage. Another significant disclosure on structured water is the changes that will occur in any water that is anywhere near one of the Data Centers being placed everywhere due to the EMF (Electro Magnetic Frequency) change in and to the structured water. Regardless, gaining more understanding on these “super science” subjects, including Black Star and Black Swan events that are coming, make it well worth the time to watch and absorb each subject as it is presented. Sng
Dodgy
‘Profoundly corrupt’: Trump sued in federal court over selling early access to Truth Social posts
A federal lawsuit filed Wednesday accuses the Trump administration of violating the First Amendment by selling special advance access to Truth Social posts before they go public.
“This scheme is profoundly corrupt. The President stands to gain financially by giving market-moving government information to those who are willing and able to pay his personal company,” the complaint filed in the Southern District of New York says.
“The First Amendment guarantees equal access to the President’s public announcements, and even content-neutral burdens on that access must be narrowly tailored to serve a significant government interest,” it continued. “There is no legitimate interest, let alone a significant one, in permitting President Trump to profit from selling government information.”
Buygold
Lol
Goldie, maddog
You guys follow it a lot more than I do so I’ll take your word for it.
My news consists of scanning the headlines on ZH, or whatever someone posts here, but I rarely actually read the articles. My life works out much better that way. 🙂
Hmmm
Clash Report
@clashreport
Saudi Arabia reportedly blocked Egypt from joining the Mecca Joint Defence Agreement, its new defence alliance with Türkiye and Pakistan, despite Ankara pushing for Cairo’s inclusion.
Saudi sources said Riyadh increasingly sees Egypt under Sisi as an unreliable, aid-dependent partner with limited strategic and military value, while also objecting to Cairo’s close alignment with the UAE.
Egypt could still join the alliance in the future, but Saudi officials reportedly want to see greater reliability and strategic alignment from Cairo first.
Not the close I was hoping for
Still some small gains but we need more juice.