Loading ...USD sure came ripping back
Looks like we may need some lousy GDP numbers tomorrow to knock it down a notch.
No big comeback in pm’s today. Unfortunate since the SM is getting hit pretty good.
Australia’s Banks Are Preparing for Bail-Ins of Retail Bank Deposits
So not only are they gonna steal our money in in any new crisis, they are crushing the one safe alternative…..u have been warned.
Dippers coming in
looks like we have a little dip buying coming in on the shares.
Good to see. Hopefully the metals will follow.
Agnico Eagle Mines beats profit estimates on higher gold prices
Canadian gold miner Agnico Eagle Mines Ltd reported a better-than-expected adjusted profit for a fourth straight quarter on Wednesday, largely due to higher realized gold prices.
Average realized gold prices rose to $1,318 per ounce from $1,293 a year earlier, the company said, while gold production improved 1.8% to 412,315 ounces.
Quebec’s largest gold producer reported all-in sustaining costs per ounce of $953 in the second quarter ended June 30, compared with $921 a year earlier.
Agnico Eagle’s Meliadine mine in northern Canada – its largest gold deposit mine in terms of resources – started commercial production in May. The company operates eight mines in Canada, Finland and Mexico.
Net income rose to $27.8 million, or 12 cents per share, in the second quarter ended June 30, from $5 million, or 2 cents per share, a year earlier.
Excluding items, it earned 10 cents per share, compared with estimate of 4 cents, according to Refinitiv IBES.
Revenue fell about 5% to $526.6 million, but beat analysts’ estimate of $505.21 million.
Agnico Eagle Mines beats profit estimates on higher gold prices
Morning Maddog
Rates are working against us today for sure but this seems like a “sell everything” day. Stocks, bonds, pm’s
Agree with you on NEM, actually think it might come back a bit as the day wears on.
McEwen Mining: Grey Fox is Bulking Up
TORONTO, July 25, 2019 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the growth of its Grey Fox deposit Indicated resource estimate by 22% and Inferred resource estimate by 35%, as a result of a new geological and structural interpretation of the 147 Zone, and an initial resource estimate for 147NE. MUX keeps advancing with a major exploration program and expects to be generating a stream of updates throughout the balance of the year.
cont. https://ceo.ca/@nasdaq/mcewen-mining-grey-fox-is-bulking-up
Oceana Gold ………………. might as well be located in South Africa or one of the “Stans.” Philippines not a good place to invest.
Since 1 July 2019, local government units from the Province of Nueva Vizcaya have impeded access to and from the mine site in response to an unlawful directive from the Governor to ‘restrain any operations’ of the Company. The Company maintains the regulatory authority of the Didipio operation rests with the National Government, not the local government units.
Due to the depletion of consumable mining supplies, Didipio’s underground mining has been suspended. Processing is continuing along with other critical activities to ensure the safety of employees and protection of the environment.
As reported on 27 June 2019, the Company lodged its application for renewal of the Financial or Technical Assistance Agreement (“FTAA”) with the Philippine Government in March 2018. On 20 June 2019, the Philippine Government’s regulatory authority, the Mines and Geosciences Bureau, confirmed that the Didipio Mine is permitted to continue operations pending confirmation of the FTAA renewal.
Authority over the Didipio Mine rests with the National Government. The Local Government Code of 1991 (Republic Act No. 7160) does not grant the power or authority to the Provincial Governor or any local government officer to restrain any aspect of the Didipio operation.
The Company continues to work with the National Government to finalise the renewal of the FTAA and remain open to the opportunity to engage with the Provincial government and work together in the best interest of the local stakeholders.
The Company is committed to operating in accordance with the law and will always comply with its responsibilities under its contract with the Philippine Government.
No link … sent via email
Oh Boy are they pissed or what
Bonds have reversed on nothing, by a massive amount….
NEM is stinking up the shares on bad numbers……but that was based off much lower prices….but of course that counts for nothing with the scum…..as Murhy says…if the phys buying is there, then the scum will be selling into a hole.
Huge over reaction in NEM…gotta be a bargain here.
An. incredible thought just popped into my noodle…CRASH. CITY–and I mean ALL paper…too horrible to contemplate-I’m out to walk the dorg…
GOOD NEWS [low rates] is now BAD NEWS?
could be an interesting day…good news [low rates] is suddenly bad news–are we in crash sequence for the entire financial structure? If so, then gold will start to soar soon…in minutes or hours
Captain–BUYgold-Maddog–at 1st Euro stocks went up-as did the u.s. stocks-now
everything is crashing here. and in europe–gold down $7…what an interesting reaction…after the initial selling panic, t’will be interesting to see how it shakes out–with even bonds selling off…the money has to go somewhere by the end of the day…or. does it just sit in CASH?? I DOUBT IT…THE WHEEL. IS sPINNING…where will it stop today…who’ll win???
Richard640 @ 8:39
Ya it’s as if they read my last post and said we can’t have that and dumped a sh*t ton of paper on the market.
Guess we must be getting too bullish, these past FEW days, after all these years of this crap.
Wonder how many new silver mines will be coming on line with this huge (sarcasm) $2 price surge over these past FEW weeks (we are so overbought in comparison to bitcon or the stock market – not).
They must be making construction plans like little mice running around with their heads cut off.
Chuckle
R6
Noticed the Ten yr. is up to 2.08% although not sure why.
That could keep gold down today.
Hopefully
Silver can hold the $16.50 level that seems so critical for the next advance higher.
Shares aren’t really getting spanked too bad premarket.
Euro is turning into another garbage currency, USD is just the cleanest shirt in a dirty basket. I doubt a .25 rate cut will do much to weaken the USD at this point.
HUH-!!?? The $ is DOWN .217-even. though gold is only up 50 cents, the day could still end with a big gain for gold
http://futures.tradingcharts.com/marketquotes/DX.html
This. extreme pullback [loading the slingshot]. could be rather bullish
Captain–Maddog–they clawed back the entire ECB gain–let’s see if gold can recover–
silver went from down. 6 to unch and now. back down 6–the. Cartel isn’t going quietly into the night…Bitcoin. never had to put up with this crap
ECB
says it will print etc, goes super soft…scum smash Gold 10 dollars…it doesn’t get anymore blatant than this….
Richard640 @ 7:34
The GSR hit the 200-day MA yesterday, so don’t be surprised if gold outperforms for a bit.
But as Eric Sprott points out “Silver demand going into the silver ETF on a daily basis is 11 times that which is mined in a day.”
So don’t expect prices to go down.
And after a little correction in the GSR, expect silver to retake its leadership role.
Cheers
EURO. down a whole bunch but the $ isn’t reaping much of a benefit=only up .78
and even if it’s up more later, t’will. have no. effect on gold
Buygold-gold spiking-ECB LEAVES RATE UNCHANGED AT MINUS .40-Draghi news cnference at 8:30–gold up 9.20
Consensus is no cut today. but a very dovish forecast…and. the first cut in september
Crude is. right back. up 81. cents
ECB signals a rate cut, more monetary easing ahead
scum games….. part infinity
ECB announced and imemdiately Gold and dollar sold off…….can’t have that so scum jump all over them…but now SM has rallied so maybe we can also…however Gold is at 1430 again….scum have been big sellers there.