BRUSSELS (Reuters) – European Union leaders clinched an historic deal on a massive stimulus plan for their coronavirus-throttled economies in the early hours of Tuesday, after a fractious summit lasting almost five days.
Willem Middelkoop
Why is silver trading so strong?
'Sprott Silver Trust To Purchase $1.5 Billion Of Physical Silver, A Jaw-Dropping 8.8% Of Annual Global Production'
— Willem Middelkoop (@wmiddelkoop) July 20, 2020
NAK
still ripping to the upside. another ten percent up in premarket. another gap-up open seems likely.
silver? breaking the twenty dollar resistance? yeah, and twenty one as well !!! how ’bout those apples?
Silver up almost a buck
Last look up $.96 – unbelievable.
edit: now $1.05
$21 breached…
Maddog @ 7:55 on
“20 times”
Sounds like a lot of healing to me. I could accept those gains without too much consternation. 🙂
Morning Buygold
They have been looking for a correction for a while, based off their studies….but do not recommend anything but buying more on dips….they don’t see much danger for Silver here, only Gold and shares….but again all based off indicators.
Long term, they see the sector as a stand out buy, for massive moves…..if Gold hit their $ 7.5 K tgt that is 4 times todays price, the shares u cud expect to do 5 times, which is 20 times…as for Silver the multiples are way bigger…..even TSLA would hve problems just doing 4 times.
Ipso – yeah
Some of these little silver shares are in the stratosphere overbought, I wonder if they can stay overbought for 10 years like the SM did for almost every day after the meltdown in 2009?
Sure is exciting to watch though after all these years of depression.
Speaks Volumes
China Orders Christians to Take Down Images of Jesus from Their Homes
Morning Buygold
I think the Banksters are in big trouble with their silver short positions and I’m loving every minute of it. 🙂
PM shares sure seem to be getting some momentum!
Morning Ipso
It’s been a long time coming if the Crimex is burning old friend.
Have to wonder if the banksters will be on the right side of the trade again.
Doesn’t appear they are from last week’s COT Report…
Morning Maddog
Saw your post yesterday about the Adens and their forecast for a potential downdraft to HUI 275 and below.
I guess based on their T/A it is reasonable given the volatility in our sector.
My argument against would be that the last time gold was at these levels the HUI was up near 600, albeit silver was much higher. Silver is the key IMHO. I also think support at newly breached 290-300 HUI might be a little stronger than thought.
We’ll see as always. I’m still waiting for some kind of blowoff, maybe we’re seeing it in silver and the HUI today, but we’ve yet to see it in gold, also IMHO.
Buygold @ 7:03
“silver unshackled”
I can hear faint screams coming from the crimex building. 🙂
Wow silver unshackled
spot up $.64 – USD down a smidge
metals up across the board, oil too. The beginning of inflation? Lack of faith in fiat?
U. S. dullar
droopping in overnight trading, silver, gold, oil rising
Egypt and Turkey could get into it
Egypt’s parliament greenlights deployment of troops abroad to secure ‘western front’ paving way to intervention into Libyan war
https://www.rt.com/news/495344-egypt-parliament-troops-libya/
From Jesse
Silver breaking out
Fundraiser Cumulative
Goldtent Oasis 2020 Fundraiser… Checks or other types of funds received from
treefrog
old-timer
amals
Maya
Mr. Copper
Midnight Gardener
Deer79
Surveyor
goldielocks
Richard640
drb2
redneckokie
silverngold
Buygold
An anonymous friend from BC who is “helping to keep the “Tent” alive
Thanks for your support!
Fundraiser … Checks or other types of funds received from
silverngold
Buygold
An anonymous friend from BC who is “helping to keep the “Tent” alive
Thanks for fulfilling your pledges!
Looks like the plan is working
My anti cat food plan!
Now … If I only knew when the pull back would come …
hui…
…trying to get up to a ten dollar gain day, nak up fourteen percent, trying for fifteen. a strong day!!!
Kunstler
Everything’s in play now. Consensual reality is on the run — the old certainties of US history and the receding promises of the future sink into a fiery sludge of the corona virus present. Things happen without apparent consequence. Authority is on lam. Coercion stalks the land rooting out thought-crime. Fantasies and delusions rush into the space that reason has vacated in fear of its life. Maybe better not think it all. But you can’t help it, can you? To be human is to be dogged by your own thought.