Loading ...That the dollar is the end all and be all in determining the price of gold is preposterous..as if no other factor mattered…the standard explanation is that gold reflects confidence in the financial system/the dollar–so a rising $ is a show of confidence…hence no need for gold.
For anyone interested in Armstrongs outlook=a friend sent me an update this morning
He wrote that NY gold was “preparing to break to upside”….the FED and the PPT can read a basic chart…so they acted to negate the technicals…I hope Martin has those 2 entities programmed into his model.
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More and more his predictions tend to resemble the raucous squawkings of an idiot…but who knows, maybe he’ll be right about gold…
IPSO–DRB2–I hope this makes a difference…but over the years we were told, with great emotion, that
various schemes were afoot that would break the rig…I can’t remember them all…the Petro-yuan–Iran not accepting the $ for crude–the Shanghai gold exchange-Far East/Russian Sovereign buying…and many others…but nothing changed..
AS the $ index drifts down from its highs…NEM pops 60 cents off the low…but…probably a false alarm…
check out this NEM chart-also these others are showing a pulse…JNUG-NUGT_GDX_ABX etc
Why I don’t touch Aussies miners….its always some excuse to burn through more cash
“Processing of bulk samples has been slower than expected due to a number of factors including rock hardness, additional screening steps, and complexities around tail homogenization and sampling. Various modifications have been, and are being, made to the test plant to improve reliability and increase capacity to process the Comet Well conglomerate within a well devised QA/QC framework. Steady state processing is estimated to be achieved within 6 weeks. Grade results for the first few samples from the Powerline prospect are now expected to return by late May. Currently, there are 18 samples from Comet Well in the queue at the laboratory. ”
Osisko Mining……..a couple of latest Canadian brokerage reports still over 5 bucks from SH
https://www.docdroid.net/TE4PmDy/osisko-mining-inc-analyst-reports.pdf
right click on download
drb2
You bet! There’s great potential there that’s for sure. “Bypassing the middleman” sounds like a great idea, especially if that middleman has been screwing you for like forever!
What if there was no massive short position at crimex? Where would the price of silver be?
PS If blockchain means honest accounting for gold and silver it must scare the hell out of the fraudsters!
@ Ipso – thanks for that post !
Wow! makes my day!
It is what’s not said in this news release that is important.
AEM & Gold Corp are not lightweight miners. Neither is Wheaton. Sprott most definitely knows the scoop about the rig.
What this does is bypass the middleman (who is the problem) COMEX and LBMA.
IMO this could be huge news and warrants watching.
[snip] ….the Tradewind platform integrates world-class exchange technology with a tailored blockchain application, VaultChain™ Gold (“VaultChain”), in order to facilitate the trading, settlement and ownership of physical gold. This revolutionary new platform securely digitizes vaulted precious metals for the first time, removing structural, technical and frictional limitations from the physical gold market.…..taking control of our own destiny to bring gold into the digital age. ….
No surprise to most here …
OPCW Investigators Reportedly Found “No Evidence” Of Chemical Weapons At Syrian Facilities Bombed By US
Some of the Big Boys are involved in this …
IAMGOLD Makes Strategic Investment in Tradewind Blockchain
TORONTO, April 25, 2018 /CNW/ – IAMGOLD Corporation (“IAMGOLD” or the “Company”) is proud to announce that it has joined partners including Agnico Eagle Mines Ltd., Wheaton Precious Metals Corp., Goldcorp Inc. and Sprott Inc., in a strategic private placement with Tradewind Markets, Inc. (“Tradewind”), a financial technology company that uses blockchain to speed up and streamline digital gold trading.
Officially launched on March 23, 2018, the Tradewind platform integrates world-class exchange technology with a tailored blockchain application, VaultChain™ Gold (“VaultChain”), in order to facilitate the trading, settlement and ownership of physical gold. This revolutionary new platform securely digitizes vaulted precious metals for the first time, removing structural, technical and frictional limitations from the physical gold market.
cont. https://ceo.ca/@newswire/iamgold-makes-strategic-investment-in-tradewind-blockchain
Morning Maddog
I actually like Gundlach, unfortunately almost any guru predicting anything positive for pm’s gets left in the dustbin of history.
So after a typical weak one day rally, the USD rips higher, 10 yr. rates look like they’re above 3% for awhile and of course pm’s get dumped
Probably more OpEx shenanigans
SM could be in trouble, but doubtful that it will be good for pm’s as predicted by many
The nightmare continues…
When is Jeff gonna find out about the Rig….
Gundlach On Gold: “Something Big Is Happening… It’s Getting Exciting”
https://www.zerohedge.com/news/2018-04-24/gundlach-gold-something-big-happening-its-getting-exciting
SM falls apart and can’t recover
so PM’s get sold all night…..that makes sense.
More likely they were sold because it’s Wednesday.
Gold Train
The ‘Double-Diesel’ DD35. Union Pacific experimented with
high power locomotives. This one was two complete locos on
one extended frame.
http://railpictures.net/photo/655864/
Later a higher power DDA-40X (experimental?)
showed up on UP’s long routes over the mountains.
http://www.railpictures.net/photo/640597/
Goldilocks re 20:15
I just don’t believe anything at face value from the TV set. China selling Bonds? To who? Who in China? The Gov’t? The banks? If they sell US Bonds, what are they going to do with the money? Buy CDs?
As for the “rivalry”? Imo China Russia and USA are behind the scenes, staunch allies since WW II. As for Negotiate trade?? Ask yourself how China got all the work to start with from USA. Did they negotiate in 1979 to take work away from USA?? Ha.
The original story from the 1970s, establish trade with China. US Businesses salivating to sell into China population, but had to wealthy them up first, with US consumer dollars. It was all rigged with high taxes and no “smoke”, and a $1 to 7 yuan exchange rate , Dollar to Yuan. They didn’t beg the USA to get work. They were chosen.
Watch “China” involuntarily get tough on “smoke”, raise the taxes on businesses over there, lower taxes here, more “smoke” allowed here, and push our original businesses back this way.
The Chinese people and gov’t imo had NOTHING to do with getting prosperity. The global central master planners had to be involved, and I think they are now involved in wealthying up the USA like they picked China in 1979. Japan was chosen before them. Japan was abandoned in 1989, and lost to China. The USA was probably “chosen” for build up in 1913, and we got abandoned in 1971 when they de-pegged gold and dollar.
I do not believe anything they say on TV. Its all entertainment, propaganda or special interest advertisement. Free info is worth exactly that free. In fact free info is COSTLY.
the Big Pharma push to get their HIGH priced cure for seizures on the fast track.
I’ve read $2500-$5000 a month for this epidiolex CBD drug for seizures. Seems Xpensive when you could get it at local shop.
https://www.thecannabist.co/2018/04/24/cbd-epidiolex-colorado-bill-pass-senate/104231/
Mr Copper
I’m not watching bonds been too busy but talk with is bonds are being sold by China who previously bought our debt so they could just go on creating more debt by selling us our goods at a discount. Trump has put tariffs on them so they are saying okay we’re going to sell the bonds. We’ll have to wait until the Trump and China negotiate.
Ps there is also talk about inflation.
Definitely think he should file his suit after he turns on the Obama DOJ – what a slimeball
“Very Pissed Off” Obama DOJ Made “Dramatic” Call To McCabe To Quash Clinton Probe
@Maddog
What you said makes perfect sense. But to me this whole system makes no sense. They lie all the time. Make us think the system is normal, and the bonds are being sold at a normal (not rigged) auction. And the auction determines the rates.
Another thing to keep in mind. Because of the excess printing and gov’t supported industries, there are way too many people and businesses that have TONS and TONS of money, and there is no place else to put it.
You could say the excess money supply is being shoved and forced into savings of various places. Then its somebody’s liability to be responsible for it. In my Schwab account all sweep funds (idle cash) go into treasuries. If they keep selling off stocks, that alone could push rates lower.
Its no more too much money chasing too few goods. Its 10 pounds of money shoved into a 5 pound bag. For all we know the Fed may be struggling to hold rates UP where they are. Falling rates may be against their will. I heard in Europe rates are barley above zero. Figure THAT one out.
The whole system is distorted. The 18 to 25 year olds have nothing, can’t leave home, can’t spend and contribute to society. And the other half has more money than they could spend in two or three lifetimes.
The greedy domestic businessman BOZOS running things after 1970 couldn’t have a normal inflation adjusted adequate minimum wage anymore. Foreign competition. Min Wage like 1967 would require $26/hr today.
Yeah Richard I’m not sure why you would watch Fox
Isn’t it just distorted skewed garbage like the rest of the mainstream media? I don’t exactly find it refreshing informative or factual. But then again I don’t listen to any of those media supergiant’s cuz they’re full of s***
Mr.Copper
Re Bonds
There are v good reasons for Bond rates to go up…..the sheer size of the supply, ie the amount they have to sell just to finance spending, plus all the debt that has to be refinanced…the only reason rates are not way up is because the Fed has run QE…that supposedly is stopped….so rates should normalize.
But we live in unreal times and their games have so far inoculated them from reality…..