Loading ...Pretty much all sectors down today. Like a Fed Meeting going on, and we have to wait until its over.
Goldielocks
All good points. I also like reading the free stuff on Armstrong’s web site. I’d be interested to see what his computer, Socrates, has to say about what the price of Gold will be in the future.
Armstrong does seem to bash the “gold bugs” and their blind faith in the fact that it’s always being manipulated.
Maddog
Given Bill Gates views on the population of the planet and how it should be reduced I wouldn’t trust anything he says or does.
Yep I’m sure we need to block the sun with chalk powder … we can call it the 2nd Little Ice Age like they had in Europe in the Middle Ages.
I wish we COULD lock him up, who knows what he’s going to do next!
Deer79
Just rest assured that the Fed is all words that have participated in this mess. Their low interest rates for so long have caused inflated home prices and with it drove rental property’s sky high that don’t even have the benefit of low interest rate payments just the owners thesegroups were buying then up them raising the rents. I was shocked to drive by a big parking lots after business were closed to see all the cars parked there
I can’t see them with all the debt them wanting to go out and raise the rates.
They’re not honest or accurate about the real inflation numbers.
Armstrong pointed something out. Gold will rise when confidence in the country they live goes down. We pretty much have a sure bet on the confidence going down to plain terror of what they’re goons do next to mess things up even more. They’re money hunting while avoiding their own responsibility for the debt crisis.
Buygold
Yeah, nothing liked getting kicked in the teeth day in and day out.
Beyond frustrating….
Ipsofacto
I think it is fair to say that u don’t make Billions being as dumb as a stump, but does Bill Gates disprove the idea.
It is a known fact that after we had one of those seriously huge Volcanoes go off, the World had a Summer that wasn’t, which also meant lousy crops and mass starvation/death etc…all in all a v bad time time that lasted for quite a while…..yuo’d think that he might have made the connection, when he was told about that Chalk idea……
Or maybe he is happy to do it as he knows, it will kill millions, the few millions left after his vaccines have done in all the others.
Any chance u can lock him away, before he really mess’ us all up…..
FYI First Majestic on my Schwab Site
“Pursuant to the Share Repurchase, the Company has the ability to repurchase up to 10,000,000 common shares of the Company which represents approximately 4.5% of the 221,681,131 issued and outstanding shares of the Company as of March 8, 2021.The notice provides that First Majestic may, during the 12 month period commencing on March 22, 2021 and ending on or before March 21, 2022, purchase up to 10,000,000 common shares through the facilities of the TSX and alternative Canadian marketplaces.Under its prior normal course issuer bid, the Company did not repurchase any shares as of March 17, 2021.”
Note: This big thing below I found somewhere else. Who knows what to believe anymore? Somebody from Gold Eagle used to write like that, but I can’t remember who. Anybody? (No spaces after periods)
“According to First Majestic’s Corporate Presentation there is in bold print 5,100employee’s with only three active mines.At one time this would have amounted to political clout in provinces mines are located in and s source of cheap labor.
But this same labor force must be a drag now on automation ,efficiency and costs..And a source of potential agitation.One of their mines was shut down for security reasons(rumour was (unions trouble).At San Dimas
a specific union got a raise.
Now its precision,speed of information the ability to use and translate this leading to efficiency.An innovative IT infrastructure with digitalization of past information.
GPS precision for drilling leading to blast optimization .Recoveries ,maintenance will not only lower costs but extend mine lives.
One Country-One metal No ex Pats is just the kind of banner institutions will stay away from as diversification of metals mix and jurisdictions make for a more stable investment..That may be an advantage till there was a large tax raise and Royalty added,This taking Mexico out of low tax go to jurisdiction.Another example Covid suspension,national gas blockade, narco terrorism drought
So it seems the identity of this company was promoter driven with unsustainable short lived mines made cost effective in low tax environment with cheap labor and history of mining.Bought cheaply and opened into bull market.
Your now seeing the promoter moving into diversification of jurisdiction,taxation issues and care and maintenance of those original mines.The large direct employee bas being a drag on modernization optimization and now a source of potential agitation.The money spent in compensation and
The disguise of gold production with use of silver equivalents while touting triple digit or even much higher figures short mine lives and usurious royalties.I see a an overvalued company compared to Coeur and Hecla a retail market cap and a much diluted share structure over the last couple years.
They call silver the devils metal for its volatility.
Neumeyer is a promotor out of Vancouver, the perfect front man of scam artists,paid promoters letter writers and research reports promising quick riches huge returns and any minute results.
A decade of hollow promotion of triple digit silver even $1,000 while needing a world wide negative event to bring back a new collection of silver bugs looking for a score.
You guys are dangerous the purveyors of bubbles and volatility the coin flippers ,penny pitchers ,dice rollers with no concern for research or what is truly under the hood.”
Well
This turned into a shit day.
Honestly, once Trump left the criminals took back over in full force.
So today we have Yellen and Powell now speaking live and that makes it open season on pm’s.
What the hell have I been doing in pm’s for the last two decades? This isn’t a market.
Silver especially. Silver must be the most important metal on the planet, most likely from a technology standpoint. If they were to allow silver to trade freely I’m guess tech prices would explode.
Yellen first female Sec. of Treasury. She should be the first to be fired.
Canadian miner is ‘optimistic’ of end ahead in Mexican standoff
Americas Gold and Silver Corp.’s top executive said he’s optimistic a dispute that has shuttered one of its mines in Mexico for about 14 months can be resolved through meetings with Mexican federal cabinet ministers this week.
Chief Executive Officer Darren Blasutti is betting that high-level meetings will provide enough sway to break a deadlock that has kept his company’s mine in Mexico’s western state of Sinaloa shuttered since former workers began blockading the site in January 2020. The standoff is over contracts for non-labor issues including haulage and concrete transportation, according to the Toronto-based company.
Canadian miner is ‘optimistic’ of end ahead in Mexican standoff
Biden would like the whole country to look like California
Cali Couple Who Paid $560,000 Cash For New Home Can’t Get Covid-Squatter To Leave
Imagine buying your dream home, arriving at it to move in, and finding out there’s a squatter that won’t leave.
That was the case for Tracie and Myles Albert, who recently bought a 4 bedroom home in Riverside, California and found out the hard way that the seller wasn’t quite ready to hand over the keys.
More than a year after buying their home on January 31, 2020, they have yet to be able to get inside their property. “It’s just draining, emotionally and financially,” Tracie told Fox 11
What could go wrong?
Could dimming the sun help to cool the Earth? Bill Gates wants to spray millions of tonnes of CHALK into the stratosphere to reflect sunlight and slow global warming – but critics fear it could be disastrous
Mawson Drills 17.7 metres at 3.7 g/t Gold and 0.7% Antimony Including 2.2 metres @ 15.8 g/t Gold and 3.3% Antimony at Sunday Creek in Victoria, Australia
https://finance.yahoo.com/news/mawson-drills-17-7-metres-210000156.html
New Placer Dome Gold Corp. Drills 24.1 g/t Gold Over 4.6 Metres at the Kinsley Mountain Gold Project, Nevada
https://finance.yahoo.com/news/pagdin-health-announces-health-canada-100000343.html
Wesdome Discovers New High Grade Zone in Footwall of the Kiena Deep A Zone Including 34.1 g/t Gold Over 18.0 Metres Core Length
https://finance.yahoo.com/news/wesdome-discovers-high-grade-zone-110000354.html
Troilus to Acquire UrbanGold Minerals in All-Share Transaction
https://finance.yahoo.com/news/troilus-acquire-urbangold-minerals-share-110000579.html
K2 Achieves Significant Permitting Milestone for Mojave Project
https://finance.yahoo.com/news/media-advisory-minister-joly-announce-172400519.html
New Found Intercepts 51.3 g/t Au over 3.20m and 53.3 g/t Au over 3.10m in Step-outs to Depth at Lotto
https://finance.yahoo.com/news/found-intercepts-51-3-g-113000784.html
New Discovery Hole Confirms Substantial Extension to Gold Zone at Kirkham Property; Drills 1.13 g/t AuEq Over 54 Meters
https://ceo.ca/@newswire/new-discovery-hole-confirms-substantial-extension-to
Dollar up but rates down again
10 yr. now 10 bps off the recent highs, unfortunately the USD is working against us, or is it just the usual scum tactics?
I think according to ZH Yellen and Powell open their yaps today.
Mr.Copper @ 14:33 – Rhodium
I’ve got to seriously dig thru my junque to find my graduation tie clasp. It is Rhodium plated… from back in the 60s. Gotta be worth a few grand now!
The problem here is the guy running the place
All Heck Breaks Loose amid Fears of Another Currency Crisis after Turkey’s Central Bank Governor Got Sacked Following Shock-and-Awe Rate Hike
After four months of relative calm, the Turkish lira is once again doing what it does best: slumping against every major currency. It nose-dived 17% overnight to near all-time lows, hitting 8.39 against the dollar and 9.97 against the euro before recovering later on, ending the day down over 7% against the dollar, amid concerns that the central bank and state-owned banks cushioned the fall by selling dollars into the market, thereby further depleting Turkey’s already scarce foreign currency reserves. The lira has lost half of its value since its currency crisis began in 2018.
The Borsa Istanbul Index suffered one of its steepest selloffs in years, before triggering circuit breakers that halted trading. The BIST 100 Index ended the day down 9.8%. Yields on Turkey’s lira-denominated 10-year bonds soared from 14% to 19%, as investors rushed for the exits. Investors also dumped shares of European banks with close ties to Turkey. Spain’s BBVA, which owns around half of Turkish lender Garanti, tumbled 7.5%, its biggest fall since November.
Mr.Copper
I don’t like to think of how many immigrants are on their way. It’s going to be a disaster!
… and I don’t blame the immigrants at all, I blame the politicians.
Rhodium $29,400 per Ounce, Like Diamonds? A lot Of Money In A Small Spot
They show a chart here: https://www.moneymetals.com/rhodium-price
Five ounce bars, $54,487 each:
https://cbmint.com/baird-mint-5-ounce-rhodium-bar
Can you imagine waiting for that $54,487 thing in the mail? 🙂
