Good point about lack of evidence of covering shorts. For some, it’s even more evidence of these so called “markets” being a complete farce.
TREASURY Bond YIELDS !
RISING for $fvx (5year),$tnx (10year),$tyx (30year)
but NOT yet for $irx (3 month ) ? short term Stock Market and Political reasons ?
Buygold
What’s really weird about Op ex days in the PM’s, is that there is clearly huge selling going on from the granters, to get us down here…but they never cover those shorts.
In other mkts and when I was in the Biz, when u saw such games going on, the granters had to cover the trades they put on….so after OP ex the mkt would see that trading, but we never see such short covering.
We all knew this had to come eventually
an OpEx day would be the perfect time I guess.
Nothing too terrifying just yet. Hopefully just an opportunity to deploy some dry powder heading into next week.
No doubt the scummy ones are trying to paint and make the charts look horrible…
Apparently there has been no sign of any real shortcovering
in this rally…..the scum have just sold and sold into it, as OI for both Gold and Silver are screaming higher…today is no different, the scum are still adding to their shorts.
OI in AG was only 10 K away from a record last night….and Silver near $ 50 when that record was set.
PS the scum’s beloved SM is under pressure….. again…so a real hissy fit is being thrown.
I would never invest here. They are constantly changing the deal.
Mongolia seeks to rewrite Oyu Tolgoi deal with Rio Tinto
Yamana’s got a lot of copper …. which has turned up recently
Yamana Gold Announces a Positive Pre-Feasibility Study With an Impressive and Increased NPV of $1.9 Billion and an Increased After-Tax IRR of 19.7% for the Long Life Integrated Agua Rica Copper-Gold Project
https://ceo.ca/@nasdaq/yamana-gold-announces-a-positive-pre-feasibility-study
Wheaton
…just went green.
…etc …etc.
Monarca Metals – the old Oromex
ORAGF – someone bought 100K shares around $.04 this am. Now you know when garbage like that starts to come into play we’ve begun a real bull market.
Silver is just unbelievable!
HUI
…just went green.
Richard640 @ 9:26
If the hedgies are finally buying physical and having a hard time getting size they have no choice but to buy the shares.
Looking good Billie Ray.
Cheers
Dollar up a BIT
BUT WHO CARES? ,so is SILVER !
Please note that. at the price of $22.50 GDX was overbought with an RSI of 70-and this is what kept so many out of the bull run
https://stockcharts.com/h-sc/ui?s=gdx
GDX has an RSI of 78…so keep the above in mind….for those that own the shares I would pay no attention to the RSI cause this gold bull mkt could–maybe-perhaps–g*d willing–INshallah–etc etc –be a once in a lifetime experience–but for those traders, I guess u need to still watch…
Richard640 @ 6:19 re: Hecla
Wow thanks for the article. The ideas sound a little familiar! 🙂
Hecla’s hedging moves right at the start of this Bull are pretty much inexplicable … unless perhaps they are doing favors for the riggers? They sure aren’t doing any favors for the shareholders.
winedoc, re: coffee time
I’ve just about quit coffee – I’ve switched to cappuccino! here’s an easy recipe:
in a large container (I use a re-purposed two liter soda jug) put two fingers of chocolate syrup and three fingers of whole milk. shake well, fill with strong coffee. allow to cool, and then refrigerate.
a nice, cold caffein drink for the summer. when cool weather returns, I may go back to coffee.
Great Panther – GPL
Another one that has been late to the party, but might be a good buy on a dip if we get one around maybe $.90, otherwise it could go straight to $1.20.
R6 – looked at options, but only have $2.50 strikes, which pretty much keeps everyone out except for a hail Mary type bet. Maybe that’s a good thing.
R640
I’m no expert on the shares etc….but once upon a time a shares float mattered, when we had an SEC that was awake/not deep in Debbie does Dallas, now I fear that Float is meaningless, especially with all the Dark Pools aka Bank Run Rip Off Centres, where no-one seems to worry etc.
Also one just has to look at the way NEM etc are sat on to control the Hui/GDX, to see that unlimited shorting goes on all day every day and I bet not 1 share is borrowed and delivered within the 3 or 5 day window…
Plus when was the last time anyone heard of a short squeeze on an individual stock……it seems stocks are now just like Commodity Futures, they can trade in unlimited volume.
R6, Captain
R6 – yes, beats what we’ve seen for years, much rather see the daily comebacks than the drifts lower and disappointment. I haven’t looked at AUY in a long time. We might just be in one of those sweet spots where we can buy virtually anything and make money. I’ve been buying some Almaden – AAU the last couple of weeks. I’ve always made money with that and it’s one of the only stocks I can find that hasn’t participated yet. Should be a $2 stock again at some point.
Captain – yes, I see your point, their short hedges just add fuel to the fire. Too bad for their shareholders though.
Buy.gold–every day. is the same pattern–I love it! They. sell down G&S overnight and it comes back
as per our. discussion yesterday; this is preferable to coing in $20 higher and seeing it whittled down all day–gold is 15 off the top and silver 12….
The $ index. is only up .250…but I think the days are gone when gold buyers are gonna have. a. sh*t fit just because of the $…the horse is out of the barn and long gone.
Buygold @ 7:35
That’s not going to hurt the market — it will help. It shows disbelief — a necessary prerequisite being that wall of worry bantered about.
Indebted producers must think this way because they must pay their masters (bankers) — but for the unhedged — it’s mother’s milk.
Cheers
Here’s a good report on AUY Yamana–any one got an opinion? If so, please share–it hit. 5.37 in 2016-so there is a bit of. scope
I’m not crazy about its large float. @950 mill.
https://money.cnn.com/quote/forecast/forecast.html?symb=AUY
analysts rating in July–6 buy–1 outperform–5-hold-1 sell
no stock cam match cde for scope–2 bucks to 15 bucks in 2016