Loading ...Buygold-it looks to me that for PMs, it’s all over but the shouting…at least for today…I can just
see tomorrow–stocks opening up-as usual–with their usual odd and eerie calm after todays plunge and breaking of the 200 day m.a.—and PMs give back all the days gains-I’m outa my SLV calls with a double and thankful for it… are 25-35-45 buck days up for gold gone for all time? Crude’s down $2…I guess were lucky to be up at all-as u said, it wasn’t like that in 2008.
R640 – I’m with ya
I’d like to see some bigger upside moves too. When you look at the HUI @ 179, ya gotta wonder, is there anything in any markets cheaper than pm shares right now?
Oh well, I guess we have to start somewhere, I’m just happy we’re not getting crushed with the SM
Richard….I typically try to just post the mp3 link
(download right click properties copy link) ) but for some reason the play bar kept showing up with the large open space so I just changed the link to his GCN page. I use to clear cookies many times during the day but the banks and online $$ accounts links tell me they are using cookies to identify me and if I clear them they want to send a six digit code for verification. So now, since I quit clearing cookies Hillary’s stink meter keeps showing up in all the advertising they push out especially in Hotmail.
Buygold–agreed! So far so good…but if I wanted to quibble, I’d say that the gains in
G&S have been slow and prodding–so as not to raise any eyebrows amongst the hedge funds..god forbid they should see gold as a safe haven….I’d like to see a 30-40 buck day in gold at the end…compared to moves in Amazon or Bitcoin, that would hardly be threatening…in the meantime I’ll stop looking a gift horse in the mouth…lol
Mr. Copper
Can only hope you’re right and that timeframe is repeating. That may have been the only time that I made money in the shares.
Surprisingly good day
Despite the USD coming all the way back to flat. Usually the scum will give us a kick to the crackers when that happens.
Shares doing well in a down SM.
This is the way things are supposed to work right?
If we finish up will we get some follow thru tomorrow?
Richard Overton
I’ll repost Overton’s link link on Wall Street. I haven’t seen that before and I may have past the link due to overwork lol if you didn’t mention it. No problem seeing it on my end or the edit. Some weird stuff is going on with your computer or your overworked too and need some rest.
http://rss.gcnlive.com/wallStreetRaw/
January 29 2018 is a Replay Of January 2000, General Market Decline For Three Years To Bottom and 7 Years To Break Even in Late 2006.
At the same time Gold Silver and related mining shares started climbing. It helped get the index numbers and the general market confidence grew and those shares started following PMs up.
It took seven years 2007 for the Dow to break even on Jan 2000 high, only to crash again 1 year later in 2008. THAT crash took 5 years to break even 2013.
This most recent crash may go many many years before a break even for that 26,000 high.
O, the sneaky bastards-!! They couldn’t stop G&S on the Crimex so they’re going for the dollar-it’s .280 off it’s low and about unchanged.
If the $ goes even slightly green and G&S don’t roll over, that will be a real bullish sign. That crude is down $1.40 and PMs are top tick is also a bullish sign.
The earlier stall out didn’t work for PMs and we have gone on to barely new highs-in
a normal trading market G&S would go on to good gains by the close–like gold up $25-$35 and silver up 45-55 cent…it looks like they are trying to stop this last little leg up…
drb2 @ 10:39
I love to see metal bypassing crimex and the LBMA! Each oz that doesn’t go there is one step closer to a free market.
Cheers
@ Ipso – RE: Gold Corp news
Ipso – Thanks for posting this! it is great news.
Yesterday I saw a similar announcement from Codelco.
Forget Bitcoin – this trend is a problem for the moneychangers.
COMEX and LBMA are ground zero for their PM manipulation.
Codelco’s “CopperCoin” to Revolutionize Metals Trading
Posted: 31 Mar 2018 10:00 PM PDT
Mining takes another step into the world of crypto. Here’s Reuters on the news out of Chile this morning.
Santiago – In what experts and industry leaders are already calling “an existential threat to the London Metal Exchange” Chile’s State-owned mining company Codelco today launched ‘CopperCoin’, a blockchain-backed token system designed to facilitate metals purchasing and transactions with the companies main Asian markets.
During the launch press conference in the capital Santiago, Codelco’s president Nelson Pizarro said, “The substantial cost advantages of CopperCoin to both our company and our major clients in South Korea, Japan and China make it an obvious choice for all future transactions. This market-changing initiative again demonstrates Codelco’s commitment to progress and efficiency in the 21st Century.”
The move was welcomed by copper industry executives such as Park In Meeta, Head of the copper smelting division South Korea’s KORES, the massive metals manufacturer chaebol. “We are happy that the often prohibitive costs of futures contracts run by third parties can now be by-passed in a reliable manner, the savings on transactions will be shared between buyer and seller. No more middle-men is an outstanding example of the positive effects of market disruption,” Mr. Park told Reuters in a phone interview.
However, some industry watchers were less impressed with the announcement. According to Micheal Hopwell-Frost, head of futures trading at BNP Paribas London, “Codelco will live to regret the decision to by-pass the LME (London Metal Exchange) for futures settlements and go it alone. What they call “revolutionary” is nothing short of an existential threat to the city’s markets and sets Chile on crash course for an international incident with The UK. With Brexit causing nerves, the prospect of the copper industry by-passing us will be too much to bear and wholesale redundancies are almost inevitable. I personally will be consulting with my lawyers to decide the best course of action, including the potential for a legal suit, suicide or upping sticks and moving to New York, which is tantamount to the same thing.”
drb2
“I am disgusted with PM miners on so many levels that it is almost impossible for me to buy them back.”
That’s not hard to understand!
@ Ipso – RE: Sad Story
Nah, don’t feel sorry for me. I’m ok.
I was responding to the discussion of whether or not we had seen a “washout bottom”.
My point was that, at least as far as I was concerned, Yes!! I am disgusted with PM miners on so many levels that it is almost impossible for me to buy them back.
drb2 @ 8:29
That’s a sad story. Could have been anyone here.
Maybe dollar cost average back in?
Couldn’t hurt …………….. I think ………..
Goldcorp Embracing Digital Gold, Placing 3K Ounces On New Market
Goldcorp (NYSE: GG, TSX: G) announced Thursday that it placed 3,000 ounces of gold, valued at $4 million, in Tradewind Inc.’s newly launched digital market, VaultChain. Tradewind described the investment as the “genesis block,” the first block in a blockchain, representing a tremendous milestone for the technology and the sector.
“Goldcorp will be able to sell gold directly to dealers and banks using the Tradewind platform, expanding access to a new market structure and a highly efficient, electronic pricing and liquidity venue,” the company said in a press release.
“We are excited to be an investor in Tradewind and participate in the launch of VaultChain, a cutting-edge technology that integrates physical gold into a blockchain,” said David Garofalo, president and chief executive officer at Goldcorp. “We believe physical gold stored on a blockchain will increase the utility of the commodity and, ultimately, drive value in the price of gold. We are thrilled to be an early adopter of this 21st century platform and deposit its first bar of gold.”
Buygold @ 9:41
Certainly a step in the right direction!
I’m looking forward to Trump and Putin having a sitdown.
Our market looking good so far …….
DRB-I hear ya…I get lottsa reports like that-right now there was or is a stallout/shake out going on since
stocks opened for trading–either the brick wall has been erected for PMs or a shakeout of the Nervous Nellies is taking place for the Boyz to accumulate more merchandise [at discount] before they take G&S higher…
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At the same time “they” are trying to stop the stock mkt decline–if they can’t get any upside mo-mo then stocks could end up the last hr down hard
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