Loading ...The signals we are getting now are very bullish. The waves are subdividing in the most bullish fashion possible.
Again, the fact the option granters (banks) will be paying out big dough tomorrow is a sea change.
You never want to get too excited about such things, but optimism levels should be back in gear here.
Lots of people going to get caught flat footed.
No physical in size anywhere.
Cheers
When you been down so long to see the shorts getting crushed is wonderful.
NEM only up 1.7 % when gold is up 1.4 %…..we are still being controlled.
Concur
Can it continue? Seems like they are short up to their eyeballs.
Times like this I miss the old cruster.
Would have loved to hear his comments on a day/week like this.
God rest your crusty old soul sailor!
It’s a beautiful thing to see. The option granters (banks) will be paying out a pant-load tomorrow at expiry.
This proves the demand for physical is outstripping derivatives influence.
Cheers
per bubblevision
US Navy Shoots Down Iranian Drone Over Strait Of Hormuz: Trump
https://www.zerohedge.com/news/2019-07-18/us-navy-shoots-down-iranian-drone-trump
This situation we have is OPPOSITE of the above. 🙂 Always jump on the rocket or else you will lose. 🙂
Hochschild Mining PLC (HOC.L) on Thursday reported second-quarter attributable production of 123.96 koz gold equivalent ounces or 10.0 million silver equivalent ounces.
This represents an increase from the company’s attributable production of 121.37 koz gold equivalent ounces or 9.8 million silver equivalent ounces in the preceding first quarter.
The increase in attributable production was due to solid delivery from all of the company’s mines, especially Inmaculada.
However, attributable production declined from 130.35 koz gold equivalent ounces or 10.56 million silver equivalent ounces in the year-ago quarter.
For the first half as a whole, Hochschild Mining produced 245,325 gold equivalent ounces or 19.9 million silver equivalent ounces, the second highest in the company’s history.
Looking ahead, Hochschild Mining said it is on track to deliver its overall 2019 production target of 457,000 gold equivalent ounces, or 37.0 million silver equivalent ounces.
The company also said that its all-in sustaining costs for 2019 are on track to meet its guidance of $960 to $1,000 per gold equivalent ounce, or $11.8 to $12.3 per silver equivalent ounce.
F
San José Mine, Santa Cruz, Argentina (49%(2))
The San José mine is on-track to achieve our full year guidance for 2019 of 49,000 gold ounces and 3,225,000 silver ounces. Our attributable production from San José in Q2 was 13,518 gold ounces and 848,268 silver ounces, for a total of 23,158 GEOs.
This is surreal.
Looks like the stock market for the last 7 years.
I know. I was beginning to believe I would never live to see the day when we’d see moves like this.
Happy pm holding is right for the last few days.
Think of what a long way we have to go if the HUI is headed back to 600.
Looks like your move today in MUX opens the door for a run up to $2.50
I am in awe of how well we’re doing – silver is a missile.
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
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!)
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/
