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Big Island and Maui county in pink are under hurricane watch. The Friday 8am forecast puts the eye just south of Oahu “the gathering place” with 1 million people in Honolulu. The hurricane is “supposed” to turn west there…. but there are a lot of variables, “IF”… Even if the eye turns aside, that close a brush with the storm bands will play wind and rain hell with the city.
it’s definitely a bottom in gold.
but is it rock bottom?
“Butch and Sundance.”
LOL I hope not. Those guys aren’t looking too good these days!
I am taking it on myself to mark the bottom here. If it turns out not to be, I’ll be in Bolivia with Butch and Sundance.
Welcome back. Bring us some good luck would ya?? 🙂
Welcome back!
I left my post for a few years and let you all hold down the fort; don’t see too many missing but for the loss of Wanka, a big loss. I will continue to watch with you all as this old story gets older.
Have a good trip!
mmmmmmmm can I go with you? 🙂
Yes hopefully the commercials are continuing their covering. When the worm turns the gold shorts are really gonna get burned! (or so I dream)
Fred may be a very good writer but he is a little on the morose side. 🙂
Old Fred is pretty depressing but spot on.
Reading Fred with a dose of daily pm’s could make a person suicidal…
Sure hope what we’re seeing today is a steady bleed of commercials covering shorts while funds are adding them. The fact that the USD is getting smashed and pm’s can’t even hold a gain is pretty ridiculous.
Decline in the Fall (or Late Summer, Anyway): by Fred Gibbon
https://fredoneverything.org/decline-in-the-fall-or-late-summer-anyway-by-fred-gibbon/
Gold up $3, silver up $.02
Awesome
Harmony Gold swings to loss, sees deaths at operations mount
Harmony Gold (JSE:HAR) (NYSE:HMY), the world’s fifth largest producer of the precious metal, swung to a net loss for fiscal 2018 after booking impairment costs at a number of its mines, as well as an additional loss due to foreign-currency effects.
The South African gold miner posted a 43% drop in annual earnings, or a 4.47 billion South African rand loss (about $309 million), compared to a net profit of 362 million rand in fiscal 2017.
It also revealed a significant setback in terms of safety at its operations, with 13 workers killed in the 12-month period to June 30, compared to just five in 2017.
cont. http://www.mining.com/harmony-gold-swings-loss-sees-deaths-operations-mount/
MOSCOW (Reuters) – The Taliban plans to take part in Afghanistan peace talks in Moscow on Sept. 4, Russian Foreign Minister Sergei Lavrov was quoted as saying by Interfax news agency on Tuesday.
No help.
‘Zimbabwe-fication’ Begins: Farmers Panic As South Africa Seizes First White-Owned Land
“This is criminally stupid behavior that puts South Africa on the same path that Zimbabwe followed in the late 1990s.
And as I told you a few weeks ago, when I first reported about this land confiscation in South Africa, anyone who is dumb enough to follow Zimbabwe’s economic model absolutely deserves what they’re going to get.”
Simon Black
ATAC Discovers High Grade Copper-Gold Mineralization at the Rau Project, Yukon
https://finance.yahoo.com/news/atac-discovers-high-grade-copper-113000292.html
You mean building up steam for the next leg down? No rest for the weary
so whats next? we do a few more days of this Kabuki theatre–then one day the dollars up 1/10 of a percent and gold swoons for 20-30 bucks?
