Gold, silver & the miners are all completing pullbacks here.We should see very strong reversals in coming days
as they are all poised for much higher levels.Current targets are gold $2500, silver $50, GDX $60, GDXJ $100, SIL $75 & SILJ $35.
I will be raising all of these targets.
Dave hunter=GOLD TO 2500–CRUDE TO 30-10 YR TO 1% THEN ZERO %–S&P–6000–I COULDN’T BE MORE BULLISH
R640 – true that on the manipulation
That being said, we are holding up pretty well today – at least in the shares
Would love to see gold back above $1920
R640 – BTW have you seen palladium lately? it’s gotten crushed, down from $3K to $2K in a month or so. The only question is when gold will pass it on the price side IMHO. Down almost 6% today.
I rest my case….
Small caps
somehow GDXJ and JNUG are higher this am.
Seems that maybe we won’t get the relentless selloff’s that we’ve seen in the past?
Maddog, Ipso
agree with both of you, especially if the petrodollar is toast. Biden is a genius, finishing the destruction of the US that Obama started. I agree that the move up in gold is not due to the Ukraine comings and goings. We wait. HUI is close to positive.
Who do you believe? I can’t imagine Putin has any intention of showing weakness.
Blinken Downplays Negotiations Optimism, Saying US Hasn’t Seen “Signs Of Real Seriousness” From Russia
Russian military decided to “fundamentally cut back” operations in Kiev & Chernihiv…
Buygold
delete
Buygold
The big picture in gold wasn’t about Ukraine anyway, it’s about inflation. The war may have accelerated the problem but it didn’t cause it, and after the war is done inflation will be worse than ever … especially since the petrodollar seems to be on the way out.
The dollar is in big trouble.
PS That would be great if the PM shares close positive today!
Buygold
That article about Putin breaking the West etc
V interesting…I don’t think he has it right, especially blaming the Eurotrash only, and he makes no reference to the Rig, that is obviously run out of the Fed etc……but it comes close.
By attempting to shut Russia down economically and then bankrupt them, the West has indeed blown off it’s own feet. In terms of the Rig and Gold it is potentially massive, as for ages we knew that both of them were huge buyers of Gold and most importantly happy to have the Rig keep prices cheap, so they could get cheap metal….well now what happens if Putin says we’ll accept Gold for Energy, along with other Opec nations…..
By saying they will take Rubles, that breaks the Dollar hegemony, it can only be time before Gold is accepted as well and when they announced the Ruble, China must have been in agreement, as China has only offered supporting words for Russia’s stance in the War. Which means they Ok with breaking the Rig in PM’s…like who was the whale buyer recently !!!!
Comex better have an awful lot of Gold available, as it would be very embarrassing if they had to admit they can’t deliver for weeks to come….
Ipso
Great point.
Gold was down $30 in the premarket to $1889 now only down $10. We never come back on days like this. Will we today??
edit: heavy volume in the shares, the dip buyers are in the game…
If someone had the balls to buy the open in pm shares
They are making some serious bank.
Gotta love the strength. Yesterday’s selloff in the shares was on light volume.
Fortuna bouncing back a bit.
Buygold @ 10:14
I’ve read the tea leaves and come up with the answer ….. Oolong!
Of course it’s gotta be the Fed. Who else would be that stupid? Buying bonds that yield 2.5% when the inflation rate is well over 10% … that’s crazy!
Russia May Commit ‘Largest Theft Of Aircraft In History’ By Keeping Over 400 Leased Planes
Officials in Russia had until Monday to return aircraft leased to the country by companies in EU nations, but many have already given up their planes as lost causes. Especially after President Putin signed a law allowing airlines to register leased aircraft as Russian in defiance of international law.
Russia leases most of the aircraft that operate in its fleet from the rest of the world. Those contracts dissolved as sanctions against the country over its invasion of Ukraine mounted, leaving over 400 airplanes in legal limbo. Companies recalled their aircraft and Russia just kept flying them. Putin made it clear they were going to hold on to the planes. It seems to be a mass theft of historic proportions. From Reuters:
Read the tea leaves for me Ipso, Goldie & Maddog
Someone came in the premarket and started buying bonds hand over fist dropping the 10 yr. down to 2.41%. The USD is getting crushed, down 1%
Who is the big buyer of bonds? The Fed? They probably know that 2.5% is some kind of breaking point right?
Anyhoo, gold is coming back nicely and the shares have held the 300 level since the open at 296. Bitcoin going nowhere so I assume the QQQ’s won’t either.
After reading one of Armstrong’s post maybe it could be worse with the tax plan the left conquered up. We could be heading for a all out depression and barter system, but then again that could be good for gold and crypto.
The one on the false flag in Ukraine to draw Nato in and start WW111 is quite disturbing. Time for these false flags to back fire and hang them instead.
Mr Copper 9:04
Lol I had a hard time understanding your slave comment.
However lol I get your unintended consequences or were they but if you look back post war they had the opposite of job openings. Men were coming back had a hard time finding work. Plus all the war factories closed. What did appear to get better was the baby boomers which were good for parents but not so the kids after 75. Look back at the theme then. All about the nuclear family and all sorts of gadgets were being invented. Dryers no more hanging close on the line for this misses, dishwashers, drive in movie theaters, toys and more toys, bread trucks, diaper service, milk men and so forth encouraging women to have more kids which brought a lot of jobs, growth and opportunities with it. They needed more slaves. But the slaves started getting smart and beginning to question the great OZ. So now it seems they want to cancel them and replace them. With brown nosers who will not only destroy this country but them too.
Maddog @ 5:17
I just gotta love Hunter Biden. He’s a one man wrecking crew for all the Democrats lefty programs. Where would we be if he wasn’t so stoned that he abandoned his laptop in the computer shop?
Keep it up Hunter!
Integra Files NI 43-101 Pre-Feasibility Study Technical Report for Delamar Project
https://finance.yahoo.com/news/integra-files-ni-43-101-205300509.html
i-80 Gold Reports Q4 and Year End 2021 Operating Results
https://finance.yahoo.com/news/80-gold-reports-q4-end-020200234.html
VIZSLA SILVER EXPANDS NAPOLEON VEIN TO 2,500 METRES LONG AND OVER 500 METRES BELOW SURFACE AT PANUCO
https://finance.yahoo.com/news/vizsla-silver-expands-napoleon-vein-110000921.html
Labrador Gold Extends High-Grade Gold Mineralization to 250m Southwest of Big Vein Discovery
https://finance.yahoo.com/news/labrador-gold-extends-high-grade-120000962.html
ASANTE GOLD ANNOUNCES HIGH GRADE GOLD DISCOVERY AT BIBIANI MINE, GHANA
https://ceo.ca/@nasdaq/asante-gold-announces-high-grade-gold-discovery-at
Osisko Development Closes Second Tranche of Non-Brokered Private Placement for Additional Proceeds of US$32.8 Million of Subscription Receipts
https://ceo.ca/@nasdaq/osisko-development-closes-second-tranche-of-non-brokered
WESTERN ALASKA MINERALS REPORTS FINAL 2021 DRILL RESULTS AND PROVIDES A NEW DISTRICT GEOLOGICAL INTERPRETATION AT IT’S ILLINOIS CREEK PROJECT, ALASKA
https://ceo.ca/@newswire/western-alaska-minerals-reports-final-2021-drill-results
Sierra Madre Reports 22.9 Metres Grading 1.85 G/T AuEq and 24.2 Metres @1.63 G/T AuEq; Including 4.7 Metres Grading 5.64 G/T AuEq at La Tigra Project, Nayarit, Mexico
https://ceo.ca/@accesswire/sierra-madre-reports-229-metres-grading-185-gt-aueq
TDG Gold Corp. Intersects 34.0 Metres of 8.49 G/T Gold Equivalent in the Creek Zone, Shasta Project, Toodoggone District, B.C.
https://ceo.ca/@accesswire/tdg-gold-corp-intersects-340-metres-of-849-gt-gold
Lumina Gold Hits at Gran Bestia Northwest Step-out and Extends Gran Bestia High-grade Breccia; 1.17 g/t Au Eq over 134 Metres From Surface
https://ceo.ca/@newswire/lumina-gold-hits-at-gran-bestia-northwest-step-out
Osisko Windfall Drilling Intercepts Wide High-Grade in Lynx
https://ceo.ca/@nasdaq/osisko-windfall-drilling-intercepts-wide-high-grade-f4bd0
Honey Badger Acquires Clear Lake Deposit in Yukon Territory With Historical Resource of 5.5 Million Ounces of Silver(A)(B)
https://ceo.ca/@nasdaq/honey-badger-acquires-clear-lake-deposit-in-yukon-territory
Prime Expands Mineralization at Zapote South 42.7 Metre Intercept of 2.38 gpt Gold and 43.4 gpt Silver 200 Metres Below Current Resource Pit
https://ceo.ca/@nasdaq/prime-expands-mineralization-at-zapote-south-427-metre
Maddog 8:59
Maybe I’m thinking wrong but it’s seems to me that with the treasury inversion and the SM not too bothered over it perhaps it’s a sign and good excuse for Powell who seems bias on keeping the market up over inflation he will now have a excuse to not raise rates or lower his .50 pt
Something strange going on with the sight.
I got the questionnaire before I could post when this hyper phone put in a extra number and then says expired. It kept doing it. I was trying to fix the tile on my last post.
@goldilocks re your 20:52
I think you misunderstood my post. I don’t condone inflation or the entire system. I was describing how unstable and how values are so distorted and volatile. Crazy up and crazy down. I just noticed heating oil or diesel fuel dropped 13% today. The dollar and gold dropped at the same time. In my view the problems of the “slaves” are spreading upward from the “slaves” and causing problems for the “slave owners”. We could even say or conclude that the prosperity the USA had between 1945 and 1975 was an unintended consequence an accident or distortion. Or maybe just a result of 75 million people or “slaves” killed during WW II. Huge labor shortage. Lots of job vacancies. Lots of counterfeit money available for fuel too. To me the system is like a fast spinning machine or engine thats out of balance. Vibrating and shaking and can come apart.
Buygold
Re nothing will stop the SM….
Only when the Riggers/Deep State are in their rightful place, swinging in the wind, hanging off Lamposts….ie they have been exposed.
Buygold 1753
I don’t think it worked. I was hoping it wouldn’t have to drop to the 1800s but it is but hopefully, hopefully close to a rebound. Maybe the treasury numbers will be the key.
I get what he’s saying but I’m not seeing it, but to be fair he asks the question. For now the answer is NO!
Russia just broke the paper gold suppression scheme…
and it’s here…2.5% 10 yr.
inversion is getting worse. Nothing seems to matter to the SM, but eventually these higher rates may take hold. Whether it will hurt the SM is a guess anymore.
Bitcoin flat. PM’s a little sickly but not too bad yet.
ipso facto
Re Oil and Xi
he probably said that Vlad had a new line in 2nd hand laptops, that he was looking forward to checking out.