of gold without a downward dip in the current price to go down and pierce, or at least touch, the price of the previous day. Wonders never cease. Happy PM holding to all. Equiz

https://www.kitco.com/charts/livegold.html

https://www.zerohedge.com/news/2019-07-18/major-threat-dollars-reserve-status-russia-offers-join-european-swift-bypass

Note that the ratio, or price of silver, in terms of US dollars in existence, is indeed at its all-time 100-year low.

In 1980, the all-time high was 0.361, whereas the ratio is currently at around 0.004. The US monetary base is currently around 3 304 billion dollars (or 3.304 trillion). Therefore, if silver was today at its 1980 value, relative to the monetary base, it would be around $1 193 (3304*0.361).

So, in terms of US dollars in existence, silver is trading at 1.24% (14.84/1193) of its 1980 high – it is the bargain of the century.

Silver Long-Term Channeling

On the chart, the first phase of the silver bull market was from 1993 to the end of 2001, and the second phase is potentially from 2001 to the end of 2015.

It appears that there is a similarity between the two phases. I have drawn some lines, and marked some patterns to show how the two phases are interwoven and could be similar.

The first phase is marked 1 to 3, in black, and the second 1 to 3, in blue. Both of the phases appear to occur within a broadening channel, from which they both broke down (out of the channel), after point 2.

Outside of the channel there was a triangle-type consolidation. The first phase managed to get back inside the broadening channel after breaking out of the triangle-type consolidation. If the current pattern follows, then we could have a big rally, after breaking out of the triangle consolidation.

Based on this comparison, buying silver now is like buying silver back in 2003 when it was under $5 per ounce.

I think Hecla can do $7 by the end of this year ,and Silver 21$ ..

I own two and IM very happy with the results ,I dont have to worry about individual corporate mistakes ..I own TGLDX and GOLDX ,the only one I would NOT recommend is Vanguard because they steer their clients away because 99% of their profits come from S&P stuff..in fact I think they should be fined for lack of Fiduciary integretary to their gold clients.,,just my opinion..

Dont let the one bad one dissuade you !

They round out a mixed portfolio including the Royalties ..my favs…I get a little impatient sometimes because of end of day reporting of results but its always a good surprise..better than expected.

I remember when Barrick and a few others destroyed the gold price for many years with their hedging.

If a co contracts to sell their silver at $15 when they could have gotten $16 or better then that IS a big deal.

Having said that I think Hecla will do fine in the Bull but for now they are shooting themselves in the foot. JMO

those. rallies started most companies had their hedges–some buy them back if they see the price direction is bullish…anyway, nothing stopped the. stocks of miners going up…I wouln’t worry too much about HL…it has always been saddled with problems….that rising tide will bail us out….

GOLD–THE NEW “TINA”…or so the theory goes…(N’yuk! N’yuk!)

https://www.youtube.com/watch?v=og-_n0iysyw&frags=pl%2Cwn

What’s going on with gold? It just keeps going higher. I don’t know what to do, I am flummoxed ………….. but in a good way. 🙂

‘Irreparable wounds to relations’: Turkey calls on US to rectify ‘mistake’ of F-35 cut-off

Turkey has blasted the US decision to kick it out of the F-35 fighter jet program, in response to Ankara buying Russian S-400 air defense systems, as a mistake that will cause permanent damage to the US-Turkish relations.

“This unilateral step is incompatible with the spirit of alliance and does not rely on any legitimate justification,” the Turkish Foreign Ministry said in a strong-worded statement Wednesday, shortly after the White House officially banished Turkey from the fifth-generation stealth jet program.

https://www.rt.com/news/464426-turkey-us-irreparable-damage/

‘Leading Economic Indicators’ Slump Most In Over 40 Months

from:

and here THEY come…      

to:

   and here WE come….

“Established hedges that utilize put options on expected gold and silver sales through the first quarter of 2020, locking in a minimum average price of $1,400 per gold ounce and $15.13 per silver ounce.”

Idiots! The small position I have in this is gonna go!

http://ir.hecla-mining.com/file/Index?KeyFile=398786908

Silverngold and Maddog.

You might try this one. Lotsa other historical stuff too and you can get gold price in other currencies if you want it.

https://www.kitco.com/charts/livegold.html

It’s so hard to see the daily moves, especially when the scum are sitting in the wings 24/7……but what I do see is huge long term B/O’s, which have barely started…..This is one I think where one should try and get set and then ride it.

I always remember Richard Russells comment, that all great Bulls run with the least number of people on it, especially Gold.

We going to attempt to make another valiant comeback or just kind of consolidate some more?

Shares don’t seem too worried about the move in gold. I’m still stunned by the strength in silver.

USD has no mojo.

R6 – you’re right about the Philly Fed – that was a joke of a number.

Do these ‘soft’ surveys have any value whatsoever when they can swing from 3 year lows to 1 year highs over the space of one month?

Finally, there’s the “special question” which suggests everyone is optimistic about the future…

https://www.zerohedge.com/news/2019-07-18/philly-fed-survey-soars-12-month-highs-jumps-most-decade

NEM worries me somewhat short term, the scum have been sitting on it for the last few days and now Silver is looking good, they must be getting nervous.

Plus Redneckokie has taken some off the table and he has a v hot hand.

I wonder when someone big will ask why PM’s always have huge sellers out there, no matter the news etc….it can only a matter of time, as these mkts just don’t trade right.

Try www.Netdania.com

all the pm stocks gapped up and were immediately sold–also trying to bury. G&S…everybody’s got their cross to bear…

The $ index is barely green

http://futures.tradingcharts.com/marketquotes/DX.html

Can anyone suggest a site for up-to-date quotes on Gold and Silver. So many seem to have delayed quotes these days…..

buy Dollar and SM….scum never change.

USLV=