Loading ...It feels like if we were to get even the slightest bit of dollar weakness the metals would really get going to the upside. Pretty impressive that we’ve been able to stave off a strong dollar the way we have.
ipso facto
Many yrs back, a minor metals trader told me that the worst people he ever dealt with the Chinese, especially the government traders, they though nothing of reneging on deals if the price went against them.
They sold a lot of Mercury and if the price went up a lot, in the weeks after the deal, they would not bother to ship it and sell it to someone else !!!!!
It’s important to be fair with the locals or you just don’t get anywhere
Pure Gold, First Nations sign agreement for Madsen mine
Vancouver-based Pure Gold Mining (TSXV: PGM) and the First Nations of Wabakuskangand Lac Seul have inked a project agreement with respect to the Madsen Red Lake gold mine in Northern Ontario. The agreement establishes a long term, mutually beneficial partnership between Pure Gold and the First Nations.
Highlights of the agreement include confirmation that the First Nations will collaborate with Pure Gold in support of the operational permitting process for the mine an subsequent regulatory authorizations. It also establishes a foundation for employment, contracting, education and training opportunities. The mining company is committed to sustainable development, environmental protection, and environmental monitoring.
Pure Gold has also agreed to issue 100,000 common shares to each First Nation, and the company will make future financial contributions based on gold production
History Rhyming
In the 60’s and early 70’s Charles De Gaulle and the French using their surplus of dollars to drain undervalued gold out of the US Treasury and bringing it to France.
Now today China and Russia Et al sucking the gold out of the western world and bringing it home on account of undervalued gold.
Morning Buygold
Such a difference to see the mkts come back, like this.
I see the China situation is not calming down at all. I can’t help thinking that that is driving some of this buying, as the dealers obviously have heavy buy orders every day, to fill.
Apparently China has reneged on their agreement to buy more US agricultural products. Not a good indicator that they will honor any deal.
As Trade Talks Begin, Trump Lashes Out At China In Angry Tweetstorm
I see we bounced right back
after the obligatory hit on the economic numbers that came out this morning.
Personal Income and Spending and some other data point were all in line with expectations – never the less they had to hit the metals for a few bones just because. Nice to see us snap back.
R640
Re the Dax…the Kraut scum must have gone on holiday, as the Dax is reacting to the lousy economy over there….7 straight quarters of declining growth.
R6
Strut your stuff then. Rates back to 2.05%. USD flattish. SM squishy.
What could go wrong?
Most of. the. gain this morning reflects the gain. after the comex close yesterday..gold may be a few bucks over that close
Gold was pounded last nite and has recovered all…silver is up 4 cents–jnug and. nugt aren’t up much…but it’s. early. still….that said, I’m happy to see gold is. up and. resilient…and I see no problem with this. happening before the FED spiel…that the Cartel can’t drop gold before the announcement seems quite bullish…to think otherwise would. require me to concoct a rather clever conspiracy scenario….but maybe…one can never be sure with gold.
I also think it is very interesting and bullish that gold is showing this strength when stock mkt. futures look like they may have a rare down day for all indexes.Euro stocks are in the red too…the DAX is. down 272…could it be DB again??
My pom-poms are ready…as the day progresses, if gold looks like it’s gonna really log a big up day, then I will waive them and strut about…
Maya
Big Boy parked by my house this past weekend. Pretty awesome sight.
