Loading ...Low volume in the miners have been that way for awhile now. Confidence is destroyed, momentum players can’t take the risk of getting burned again. Goldbugs don’t have the capital or the strength in numbers to move things forward.
I don’t know who that leaves to invest/trade the sector other than the banks, and we know how that works.
Psychology is a funny thing.
I’m a rum & lime man myself, but I could probably be persuaded to partake in a few for medicinal purposes.
Cheers
That’s all their wives that will go into isolation with them.
Hope they get well soon. Maybe it will open their eyes to Gates and his mandatory vaccines and get the treatment that’s working now.
… or gin and tonics! 🙂
…like Bear Creek Mining with piddly volume of 88k so far today.
What’s that stock going to be when it trades 850k a day?
Inquiring minds want to know.
Chuckle
Guess they are not big on exercise or vitamins.
Chuckle
After hearing that I went to several malls and a small jewelry store with a very strong little magnet. Practically every chain etc were magnetic. Only Bloomingdales stuff was real. The small jewelry store I KNOW the guy. I told him the story and asked him to let me check his stuff. He doubted anything was magnetic or fake.
Sure enough, he had some very big Silver chains that were magnetic. I felt bad for him after that because he now knew they were fake. It would have been better if he didn’t know.
The old story was that very much of a 50 year supply of too cheap Silver was dwindling, and they need silver, important for industry, so “lets use the fake stuff for jewelry”.
Same with gasoline or oil. Very important for globalization, shipping, and industry freight airlines etc. so ” Let make all the little people buy gas saver cars, use solar panels and gas heat” but now the bone heads all have very cheap oil.
Whats another few tonnes of paper shorts , when yr already short annual production times infinity…
Up to 150 members of the Saudi royal family ‘are infected with coronavirus’: King Salman and Mohammed bin Salman ‘have both gone into isolation to avoid the outbreak’
Sure is good news! I hope it’s true.
Dollar peaked mid march: https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d1
AU AG Bottomed mid March: https://finviz.com/futures_charts.ashx?t=METALS&p=d1
Dow S&P bottomed mid March: https://finviz.com/futures_charts.ashx?t=INDICES&p=d1
Bottom line. If TPTB want to support Dow SnP, and that’s what they always did, they must know they need a lower dollar. But they help Gold too, and it must be KILLING them. 🙂 Jerks that they are, boxed in again. To the Bankers Gold higher is collateral damage. 🙂
That’s good news.
Bottomless pockets on the buy-side of the equation.
Good news indeed.
Cheers
Hearing the US Mint sought and received approval from Mnuchin today to buy Silver at $.50 cents above spot to meet demand for coins.
— Roy Sebag (@roysebag) April 9, 2020
A little closer to a true price.
As soon as spot goes over $1700 it should pick up momentum.
Cheers
Gold is no longer in the Spay and Neuter clinic
$5 a day=$25 a week. $25 a week. 52 weeks=$1,300. $1,300 divide by the new $300 car?
This all means the unskilled laborer was earning 4.33 new cars per year in wages.
A decent new car today $40,000? Times 4.33 cars per year in wages? Means one year unskilled labor is supposed to be $173,200 per year. $3,330 per week. That there is what our unskilled labor tax absorber cops make plus benefits. Unskilled tax payers, don’t make anywhere near that.
$173,200 per year today is middle class. Big business was running everything and hated to pay what they were supposed to pay, so managed to get away with what they got away with re foreign labor.
Reversal, they all can’t get away with, what they used to getaway with, like Bernie Madoff and all the others after him. Various politicians, various businesses sectors, permissive corruption, open borders? etc etc all getting reversed. We should all be happy.
Chevy 4X4 Pick Up Truck $63,175, plus sales tax $68,623. I guess TPTB don’t want us to own them. They have V/8 Engines.
https://www.pickuptrucks.com/trucks/chevrolet-silverado_2500-ltz-2020-1gc4ype74lf103481
He knows exactly what he’s talking about, and it all made perfect sense to me. And that old Dow Gold Ratio, its been a long time since the last one, ($800 Gold 800 Dow) and it will probably happen again. Or very close to it.
Even 10,000 Dow and $5,000 gold would be good. But sure, 20,000 Dow and $20,000 Gold is possible. Won’t surprise me. Dollars are very small these days, like $1 the size of 4 slices bread. $1 used to buy 10 loaves of bread.
You can almost compare a Dollar to a Copper penny. I think a 95% pure Copper penny is realistically worth a lot more than 4 slices of bread. And Copper on COMEX at $2.25/lb is ridiculously cheap. Geez, decent chop meat $4-$6/lb, and we eat it.
Pierre Lassonde was right, lower energy costs adds a lot of profits onto metals and their miners.
Plus it all fits with everything reversing. Gold has been too low for too long. As Rodney Dangerfield used to say, it got no respect. Reverse? Gold gets respect. And the miners? They will be like money producers. Imagine more power than the Fed Banks or the Treasury? Would they getaway with that? It would be like us allowed to print $100 bills in the basement.
Interest rates are already zero — so the ONLY other monetary ‘policy tool’ remaining is aggressively accelerating currency debasement.
Cheers all.
Eldorado Gold Announces First Quarter 2020 Preliminary Production Results and Conference Call Details
Yep on Fauci, exactly.
I fear what pay for play legislation will do. Hopefully they fear is more.
Not trying to down play the severe form but…
I also question the reason behind lack of testing and not increasing the number of test available. Is it because they don’t want us to know how many people got it and recovered without being hospitalized? Only a more severe criteria and even then having trouble getting tested.
Also family’s coming out saying that their family member didn’t die of Coronavirus but they put it down as a cause of death.
Except gold (and silver) — which is why they have their traders in New Jerk suppress prices.
And it’s all sanctioned by the ‘powers that be’ — just like vaccines that can kill (and are not effective) us will be shortly.
At least these bureaucrats have our best interests in mind — not their own.
Chuckle
” initially rebuked the Hydroxychloroquine fueling some demo states from preventing people from having access to it.”
This is when Fauci showed his true colors. If Lizard people exist then he is sure one.
Re: vaccines, lets see what happens in the legislature.
They already are. Why do you think Fauci promotes the vaccine and initially rebuked the Hydroxychloroquine fueling some demo states from preventing people from having access to it.
Gates a the unelected tax evading conspiracy to mandate the vaccine where you will have to show a certificate to travel. No certificate, can’t work or go anywhere. Yep, it’s a conspiracy.
I’m not sure I distrust anyone more than Bill Gates! and Fauci too … the lapdog of big pharma.
We’ll see if they try to compel a mandatory vaccine.