Loading ...Butch, The Rooster…Sarah was in the fertilized egg business. She had several hundred young pullets(young hens) and ten roosters to fertilize the eggs.She kept records and any rooster not performing went into the stock pot and was replaced.This took a lot of time, so she bought some tiny bells and attached them to her roosters.Each bell had a different tone, so she could tell from a distance which rooster was performing.Now, she could sit on the porch and fill out an efficiency report by just listening to the bells.Sarah’s favorite rooster, old Butch, was a very fine specimen but, this morning she noticed old Butch’s bell hadn’t rung at all!When she went to investigate, she saw the other roosters were busy chasing pullets, bells-a-ringing, but the pullets hearing the roosters coming, would run for cover.To Sarah’s amazement, old Butch had his bell in his beak, so it couldn’t ring.He’d sneak up on a pullet, do his job, and walk on to the next one.Sarah was so proud of old Butch, she entered him in a Show and he became an overnight sensation among the judges.The result was the judges not only awarded old Butch the “No Bell Piece Prize” they also awarded him the “Pulletsurprise” as well.Clearly old Butch was a politician in the making.Who else but a politician could figure out how to win two of the most coveted awards on our planet by being the best at sneaking up on the unsuspecting populace and screwing them when they weren’t paying attention?Vote carefully in the next election. You can’t always hear the bells.
down on the farm
Buygold
Ps I think the bounce the other day was reactionary to the treasury numbers.
Now they’re gonna have to chose what there going to do. Raise rates or a recession. They’re like the ball rolling down the hill, hard to stop once it gets going.
Now you got people trying to play it down saying we’ll just because its inverting doesn’t mean we’re gonna have a recession, but won’t say what does it mean then. Fun times ahead??
I think people didn’t give care yet and were following the technicals on the technicals.
Buygold
Both gold and silver have room to go down a bit more abs test support till they move back up. I have a feeling it isn’t going to be fast. I just don’t like the small head and shoulders that formed in gold so hope supports hold.
Support is still in the higher 1800s Like 1865-70 and silver 24. I think that bounce was a little soon the other day but thought well that’s good maybe sooner than later but still know it had room to bounce around.
Thanks Ipso
Looks like the poster was on ZH was right.
Today was an odd day, silver just couldn’t get going and my silver share sold all the way back down after starting the day strong.
This is the first day in a while that the shares underperformed, definitely not a trend I’d like to see continue.
Tomorrow’s a new day and I think there’s some inflation data coming out in the morning. Will be ugly, hopefully we’ll get a boost.
When ?
When the average Joe Public can no longer afford to buy an ounce of gold .
@ipso facto re When Will Gold and Silver Break Out?
Gold always does what we don’t expect. The future is always a surprise. My guess is some news event will attract a lot of buying. We just have to wait. We really can’t complain about Gold, its been a champ. Silver?? Every once in a while it goes up to $50 and drops. But these days even with Silver at $25/oz you can’t get any at that price. Junk Silver coins are $30/oz. Silver Eagles are around $40/oz.
If I remember right the gold silver ratio was 15 to 1 meaning 15 oz of Silver was equal to 1 oz of Gold. That puts Silver at $125/oz. And the Arabs were pricing oil at 1/bbl oil equal 1 oz Silver. ($1 or $2/bbl) And one ounce of Gold equal to 50 barrels of Oil. That puts today’s Oil S/B at $39/bbl? But Crude today is $107/bbl that puts Gold at $5,350/oz. The financial system has been mechanically adjusted or changed so many times, who knows how its going to evolve? Imo its all in transition.
If anyone has better info correct the above.
Wouldn’t want to be in their shoes!
Report: Russian Special Forces Capture Ukrainians Who Tortured Prisoners of War
Mr.Copper @ 14:16
That’s quite a nickel chart! I imagine nickel was being manipulated lower like so many other commodities. Well it finally broke free. I’m looking forward to gold and silver breaking free as well!
@ipso facto NIckel part “The plunging liquidity represents an escalating crisis for producers and consumers who rely on the exchange to hedge their pricing risk.” – copy
If everything is in reverse, then the decades of artificially cheap metals, via futures markets is ending, for cheap metals AND the end that stupid radicicolous futures market. Where any idiot neighbor or Goldman Sachs, can make, a make believe, “buy” or “sell” (actually a vote) on the price of 10,000 barrels of crude oil. Shorting has historically been the most successful “bet”, so in a major reversal, shorting will evolve to be the WORST bet.
Because of 80% are make believe buyers and make believe sellers, causing crazy volatility in the pricing, crazy up and crazy down, the actual true producers, and the actual true consumers, are FORCED to hedge in the futures market, to avoid losing money when selling, or avoid paying a temporary very high price when buying.
Check the nickel chart on maximum. $10,000 a ton on the low points in 2009 and 2016 $5 a POUND!! The high points, $50,000 a ton in 2007, and $50k a ton recently, in March was only $25 a pound. Today $33,000 a ton or $16.50 a pound is very cheap in my book. Sirloin steak is more, try buying wild caught salmon, probably $35/lb and we EAT that stuff.
Copper was priced $1/lb +or- 50 cents from 1972 until 2004. Somebody needs to tell us why there was zero inflation with Copper for 32 years, 3 decades. If it was NOT priced in the futures market, the price would have climbed like a loaf of bread a cup of coffee or a new car and your property taxes.
So there you have it. The futures markets have functioned like a gov’t price control scheme, since the Dollar Gold backing was removed in 1971, start of job losing globalization and the start of welfare jobs like creating the EPA jobs. My view 9/11 started the end of the old games, and Gold is the end game.
Chart, nickel: Scroll down to click on Nickel, then you can click on Max to see 2004. You can go back and look at Copper, or everything else.
https://markets.businessinsider.com/commodities
P.S. Copper was $1/lb times 20, Copper should be $20/lb. NOT $4.80/lb. Try buying some copper tubing or rod stock at Ace Hardware. Or buy Copper Rounds and see $2/ ounce or $32/lb.
Not surprising with the crap they pulled
Nickel paralysis deepens as battered LME market barely trades
Nickel trading volumes continue to collapse on the London Metal Exchange in the wake of an historic short squeeze, setting up a liquidity crisis in the market for one of the most crucial industrial commodities.
The LME halted nickel trading and canceled nearly $4 billion worth of transactions earlier this month after prices spiked by 250% in under two days, as it sought to protect its brokers from huge margin calls owed by Tsingshan Holding Group Co. and other short position holders.
SIGN UP FOR THE AFRICA, EUROPE & MIDDLE EAST DIGEST
After a haphazard effort to restart trading, nickel has spent much of the past fortnight locked at the upper or lower limit of a new daily price cap designed to rein in the unprecedented volatility.
Nickel paralysis deepens as battered LME market barely trades
Maddog, et all
Was there an Options Expiration at the Crimex yesterday? Thought I saw a post on ZH saying that it was.
If so, I wonder how many players stood for delivery?
Good day
although I think we’re getting cheated in silver considering the USD and rates.
The yield curve continues to invert as the two yr. is about to catch the 10 yr. – only 2 bps to go.
Fed induced recession on its way.
Traders selling #gold on the prospect of a resolution to the #RussianUkrainianWar don't understand why buyers are accumulating. It's not about the war. It's about #inflation. But sanctions, even if lifted, have highlighted the need to move reserve assets from dollars to gold.
— Peter Schiff (@PeterSchiff) March 29, 2022
The sooner this is over the safer the world will be … although the damage done to the dollar will persist.
Ukraine Has “Essentially Agreed” To Core Russian Demands Of Not Joining NATO, Says Kremlin
Any body have this stock
This law firm is in a bit of trouble right now. Has multi suits on multi different subjects. Here’s one on PMs
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Gatos Silver, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of April 25, 2022 – (NYSE: GATO)
PRNewswire 30-Mar-2022 5:45 AM
NEW YORK, March 30, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Gatos Silver, Inc.
Shareholders who purchased shares of GATO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Gatos: (a) common stock pursuant and/or traceable to documents issued in connection with the Company’s initial public offering conducted on or about October 28, 2020; and/or (b) securities between October 28, 2020 and January 25, 2022, inclusive.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the technical report for Gatos’s primary mine, the Cerro Los Gatos deposit, contained certain errors; (2) among other things, the mineral reserves had been overestimated by as much as 50%; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: April 25, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/gatos-silver-inc-loss-submission-form/?id=25276&from=4
Eldorado Gold Announces High-Grade Extensions to Mineralized Zones at Ormaque, Olympias and Efemcukuru; Provides Details on Global Exploration Programs for 2022
https://finance.yahoo.com/news/eldorado-gold-announces-high-grade-210000131.html
Newmont to Acquire Properties to Support Land Use Planning in Tahltan Territory
https://finance.yahoo.com/news/newmont-acquire-properties-support-land-113000591.html
GALIANO GOLD REPORTS Q4 AND FULL YEAR 2021 RESULTS
https://finance.yahoo.com/news/galiano-gold-reports-q4-full-211200543.html
GALIANO GOLD PROVIDES UPDATED MINERAL RESOURCE ESTIMATE AND AN UPDATE ON MINING OPERATIONS
https://finance.yahoo.com/news/galiano-gold-provides-updated-mineral-211500969.html
Gold Standard Ventures Reports 2021 Annual Results
https://finance.yahoo.com/news/gold-standard-ventures-reports-2021-222400196.html
HighGold Extends Historic Croesus Vein 100 meters to the Northeast at the Munro-Croesus Project, Ontario
https://finance.yahoo.com/news/highgold-extends-historic-croesus-vein-100000300.html
Banyan Intersects 1.16 g/t gold over 68.9 metres at Powerline Deposit, Aurmac Property, Yukon
https://finance.yahoo.com/news/banyan-intersects-1-16-g-100000423.html
Wallbridge’s Regional Grassroots Exploration Delivers Positive Results Near Fenelon and Martiniere
https://finance.yahoo.com/news/wallbridge-regional-grassroots-exploration-delivers-103000535.html
Skeena Announces Acquisition of QuestEx Gold & Copper Ltd. and Concurrent Sale of QuestEx Assets to Newmont Corporation
https://finance.yahoo.com/news/skeena-announces-acquisition-questex-gold-113000216.html
Sabina Gold & Silver Closes C$126 Million Bought Deal Financing
https://ceo.ca/@nasdaq/sabina-gold-silver-closes-c126-million-bought-deal
Amarillo acquisition closing and Lavras Gold spinout expected on April 1
https://ceo.ca/@nasdaq/amarillo-acquisition-closing-and-lavras-gold-spinout
Monarch Mining Hits Impressive High-Grade of 27.79 g/t Au Over 10.18 m (33.4 ft) on First Drilling Program at Swanson
https://ceo.ca/@nasdaq/monarch-mining-hits-impressive-high-grade-of-2779
Aya Gold & Silver Increases Operating Cash Flow by 1,196% to $17.5M in 2021; Establishes Solid Platform for Growth
https://ceo.ca/@newswire/aya-gold-silver-increases-operating-cash-flow-by-d9f1e
Galway Metals Richard Drilling Intersects 3.7 g/t Au Over 35.0m Plus 3.4 g/t Au over 21.0m in One Hole, and 4.4 g/t Au Over 21.0m in Another, and Extends Richard 340m North
https://ceo.ca/@accesswire/galway-metals-richard-drilling-intersects-37-gt-au
USD getting hit hard again
PM’s not really noticing but still at least not down.
Maddog = palladium getting a small bounce. You called it.
Morning Maddog
You’re right about the fall, the elections are huge. We have a problem though, RINO’s are in leadership positions in both the House and Senate for the Republicrat side. So, if they take both halls, we may not see the results like Fauci going to jail or anything of significance happen. The Republicrats are famous for lofty promises and delivering nothing.
Then we have election rigging. I’m not seeing a big push to get rid of the Dominion voting machines. If they don’t fix the rig, the Dem’s won’t get beaten as bad as they would otherwise. This should be a landslide of epic proportions, the hope is that the Repub’s move a lot further to the right. I’m not confident that they will.
Maddog
There was enough evidence as is of knowing about the lab plus in short racketeering.
goldielocks
The elections this Fall are gonna be huge…..as if they run fairly Fausci and Co, should soon be under serious investigation.
I saw that he is supposedly worth a few million, considering how long he has run the show, that is a joke…..if true then Big Pharma got the best bargain in history…..I would guess there is a fortune sitting out there somewhere, with his name on it.
Fauci denied NIH knew anything about the genetic sequence but had the info and helped them delete it.
Crickets from the White House or DOJ. Never mind the lives, income or careers lost. Maybe because they’d have to explain why they let these politicians force a lab created foreign gene manipulating experiment on them on top of it. Or why they allowed medicine that helped stop the virus from being given.
https://www.google.com/amp/s/amp.usatoday.com/amp/7778194002