Loading ...Buckreef Gold Mine Development Update
Buygold
It’s not him you need to worry about in isolation.
It’s the F-headed hedge funds who have a sh*t tonne of paper speculations they are selling at a loss here.
The only question now is what degree of volatility we get, which is determined by their pain threshold / margins.
The only good news is although these clowns will likely be back when it turns higher again, with any luck it will be at higher prices.
Who gives these clowns money to lose time after time?
It’s got to run out at some point.
Then the metals will fly.
Cheers
Ipso, Maddog
Funny thing about bonds. Actually I’m thinking if 10 year bonds hit Maddog’s target of 2.11% or whatever it was, that might be an opportunity to buy – expecting a rally.
I’m stunned at how fast rates have moved up in the last two weeks, pretty unusual.
Almost wondering if it will force the Feds hand to cut .50% instead of .25% – although they’ll probably just cut .25% just to spite Trump.
Could totally see a manipulated bond selloff in front of a Fed meeting to set whatever table the Fed needs set.
Next week will be interesting.
If this is
the 4th wave down, for GDX, then we are v near 38 % level in the 3rd wave at 26.76…..where the A wave may end???
Oh wait, am I mistaken?
or did Gartman recently join our team?
Maddog @ 14:16
Izzat like The Emperor has no clothes?
R6-Buy Signal?
Thinking you might have one of your patented buy signals today.
Sort of seems like the shares should be getting hit a lot harder. I don’t know.
Losses in the bond mkt are going to be epic…
Austrian 100 Year Bond Enters Bear Market As Negative Debt Collapses
https://www.zerohedge.com/markets/austrian-100-year-bond-enters-bear-market-negative-debt-collapses
captain,
i sincerely hope you are right.
there does seem to be a floor in the mid $17.70’s. 1776 for serendipitous patriotism??? ooops! that just fell!
treefrog
It will blow up on them this time because the derivatives based illusion is not enough to counter the accelerating diminishing returns in the money printing anymore. Negative rates are the proof of the pudding in this regard.
It’s the end game. New trade arrangements and currency will evolve.
This is why you will see the decentralization process continue. America may break up where smaller politically aligned states evolve. Clearly you can’t have detached politicians running huge / diverse countries because wealth and power corrupt ultimately, which is why you have the swamp. They don’t give a flying F about the country — only themselves — even Trump who is doing a lot but wants to get re-elected.
The $ will be replaced by something new internationally. (regional currencies, cryptos, etc.)
The last man standing in the ‘currency war’ will be gold (and silver).
Buy physical.
Hold gold.
captain, “…It will blow up on them this time around.”
i’m with you part of the way. yes, it will blow up on them, but why “this time?” i have been expecting their bullshit manipulation to blow up on them for quite some time (for the reasons you have stated), and it hasn’t yet. in the markets, i have found that the hardest thing to call is the timing.
as i said earlier, i will feel better when i can see it in the rear-view mirror.
drb2
With all the bullshit propaganda, manipulation, and stupid speculators that keep feeding the machine with their idiot gambling in the derivatives (because they will make more – what a joke – most go broke) to chew through, the one thing that’s different this time is the physical is gone.
Oh but JPM has 850 million ounces of silver and will flood the market.
Ya, well why are the primary dealers being told supply restrictions are now in place?
Answer: Because the propaganda is all bullshit.
JPM’s stash is like GLD/SLV’s third party derivatives.
It’s bullshit.
Cheers
Captain
Hope it does this time.
So far for today though it’s mission accomplished.
The action in the metals doesn’t bother me nearly as much as the action in the shares. Par for the course, as you say, ETF’s are a playground for destruction of the miners.
Some of these miners are now lower than they were with gold at $1200 and silver at $14. Ridiculous
@ Capt. Hook – “it will blow up on them this time around”
God, I hope you are right. But I have trouble seeing why. What/ who will stop them?
Going back to previous posts regarding JPM huge physical stash. Butler cannot accept that JPM would use their stash to control the price instead of using it to profit. Why can’t they can do both?
Besides, their connection to the fiat machine dwarfs any “profit” from selling silver.
Who knows – maybe the cause is hopeless – they are too powerful
S&P to infinity and beyond
PS: as I type it seems they have triggered PM stops – look out below 🙁
Skeena getting some love on the venture exchange
5 times average volume so far and the day is young.
Buygold @ 8:34
Ya they are back to treating silver like their whipping boy again.
It will blow up on them this time around.
Cheers
Portugeezer
Looking good. I’m sure you’re looking forward to your first guest!
The wisdom of Joe Biden … yes it’s true he could be President. Scary
Moderator Lindsay Davis began by referencing comments Biden made “some 40 years ago”. She said:
In a conversation about how to deal with segregation in schools back in 1975, you told a reporter, ‘I don’t feel responsible for the sins of my father and grandfather, I feel responsible for what the situation is today for sins of my own generation and I’ll be damned if I feel responsible to pay for what happened 300 years ago.’
“But as you stand here tonight, what responsibility do you think Americans need to take to repair the legacy of slavery in our country?” she asked the candidate.
“Look, there is institutional segregation in this country and from the time I got involved, I started dealing with that,” Biden responded. “When you talk about education, I propose that what we take is those very poor schools, the title one schools, triple the amount of money we spend from $15 to $45 billion a year, give every single teacher a raise to get out of the $60,000 level.”
“I’m married to a teacher. My deceased wife is a teacher,” Biden went on. “They have every problem coming to them. We gotta make sure that every single child does in fact have three, four and five year olds go to schools, not daycare, school. We bring social workers into homes to help them deal with how to raise children. It’s not just that they don’t want to help, they don’t quite know what to do.”
“Play the radio, make sure the television — excuse me, make sure you have the record player on at night,” he added.
The Philippines … not the best place to be a gold miner
OceanaGold Corporation – Philippines Court of Appeals Sets Hearing Date for Injunction
MELBOURNE, Sept. 13, 2019 /CNW/ – OceanaGold Corporation ( TSX: OGC ) ( ASX:
OGC ) (“the Company”) informs the Philippines Court of Appeals in Manila (the
Court) has set Wednesday 18 September 2019 as the hearing date for the
Company’s application for a Writ of Preliminary Injunction (“Injunction”) as
part of the Company’s appeal against the Nueva Vizcaya Provincial Court ruling
denying its request to end the unlawful restraint of operations.
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 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.
R6
Yeah, we’ve been kind of dodging bullets where gold has been concerned the last week or so. Today feels like it will be more of a slow bleed type day unless the boyz come in with a big couple billion notional dump at an opportune time.
So….we wait for the turn.
edit:
Look at how ZeroHedge spins this negative:
Core Retail Sales Disappoints, July ‘Web Sales’ Downwardly Revised
