A bit of reality hits the mkts
Mkts saying scum will try to print their way out of trouble,…..which only means PM’s.
Action screams the only real seller is the scum…as just look at the mkt move, when they back off.
Gold Fields investor tells miner to scrap Yamana deal
A top-10 investor in South Africa’s Gold Fields on Friday urged the miner to cancel its planned takeover of Canada-based Yamana Gold, saying the $6.7-billion transaction was expensive and did not guarantee growth and profitability.
Shares in the South African miner plunged 20% on May 31, when it announced the all-share transaction that would make it a top four global gold producer, amid concerns over valuation and shareholder dilution. The stock has not recovered since.
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Redwheel, which holds 3.38% of Gold Fields, on Friday became the first major investor to publicly call for the deal to be scrapped, saying the share price decline showed that the market believed the miner had made a “serious error” in pursuing Yamana.
Wow PM shares going higher
Such weirdness!
… and this with the Dow down 700.
Ororeef @ 10:34
Sprott’s words!
We’ll see what happens …
ipso facto @ 10:20 on June 10, 2022
STARS aligning …you are very perceptive ..more than you realize
Buygold …………. Commercials have been reducing their shorts
Stars Aligning for Metals & Miners
The Bullion Banks continue to cut their shorts in Gold, and the Funds are paring their longs too. Commercials are back to positions consistent with all of the prior lows in the past 18 months.
https://www.zerohedge.com/news/2022-06-09/stars-aligning-metals-miners
Fearless Predictions
When Ukraine has these new longer range missile systems delivered … even though they have promised not to attack Russia with them, that is exactly what they will do. They are losing the war and their only hope is a wider war between Nato and Russia.
JMO
NOBODY needs GOLD to tell them about INFLATION
those dolts that need everything to be explained to them ,dont need to be misdirected by the media they say GOLD didnt go up SO theres NO INFLATION ! Dont worry about it ! Even the DOLTS buy FOOD and GAS they dont need to be mis directed by the manipulation of the GOLDs PRICE ….It no longer matters that Gold didnt warn them ,they know they were LIED TO and will scramble to protect themselves….ITS called a GOLD RUSH..
NEM is the key
that pig needs to fly if we’ll have any chance today JMHO
and the guy in charge hasent got a clue
all he looks at are images and OPTICS and they are BAD….theres nothing real in his world ..hes the one that wants to know How does it LOOK ? and it looks bad… HANK ON ..its going to get bumby….ya need some CASH to ride it out then GOLD to recover…..
Maddog
The talking heads on TV are discouraging buying gold. But how many times have they been wrong or buy things while telling other people not to or selling while telling people to buy. When gold does go up I’ll have no doubt they will be telling people after the fact to buy while their selling at the next target.
Sometimes it’s one of those things that when even fundamentally data is good what it comes down to in the masses is what people perceive that moves the markets and just another form of institutional manipulation with talking heads.
Maddog
Volume in the pm shares was light yesterday and starting that way again this am. Doesn’t mean a damn thing. Feels like this sector wants to rally but sellers appear every time they start to move up.
As far as the last man standing…. I no longer believe that and have been deluding myself for 20 years.
Stock Market is Kaput
Inflation is ACCELERATING …not transitory ..3 month avg is faster than the 6 month avg
Puma Exploration Announces Record Date in Connection With a Distribution of Common Shares of Canadian Copper, a Strategically-Focused Company With Copper Exploration Projects in Canada
https://finance.yahoo.com/news/puma-exploration-announces-record-date-130800974.html
Mandalay Resources Corporation Intersects 1,780 g/t Gold Over 0.17 m in Its Costerfield Regional Drilling Program at the Robinson Prospect
https://finance.yahoo.com/news/mandalay-resources-corporation-intersects-1-210100321.html
Karora Resources Bolsters Balance Sheet with Lower Cost $80 Million Credit Agreement with Macquarie Bank Limited
https://finance.yahoo.com/news/karora-resources-bolsters-balance-sheet-220300320.html
Rupert Resources Reports Results for 12 Months Ending February 28, 2022
https://finance.yahoo.com/news/rupert-resources-reports-results-12-075700092.html
C2C Gold Agrees to Acquire The Rock Gold Corp, Appoints William M. Sheriff to the Board Of Directors
https://finance.yahoo.com/news/c2c-gold-agrees-acquire-rock-110000688.html
NEVADA KING ANNOUNCES CLOSING OF $4,500,000 FINANCING WITH $2,250,000 LEAD ORDER FROM CEO COLLIN KETTELL
https://finance.yahoo.com/news/nevada-king-announces-closing-4-113000018.html
Midnight Sun Announces Termination of Earn-In Agreement
https://ceo.ca/@newsfile/midnight-sun-announces-termination-of-earn-in-agreement
ARTEMIS SECURES LONG LEAD TIME EQUIPMENT ORDERS FOR CRUSHING AND GRINDING EQUIPMENT AT BLACKWATER
Spanish Mountain Gold Provides Update on Environmental Assessment & Project Optimization
https://ceo.ca/@newsfile/spanish-mountain-gold-provides-update-on-environmental
Palamina Secures 100% of the Mineralized Gold Trend at the Usicayos Gold Project
https://ceo.ca/@newsfile/palamina-secures-100-of-the-mineralized-gold-trend
Osisko Development Announces Filing of Technical Report for the Newly-Acquired Tintic Project and Producing Underground Trixie Mine
https://ceo.ca/@nasdaq/osisko-development-announces-filing-of-technical-report
Osino Announces Additional Wide and High-Grade Drill Intercepts, Twin Hills West Gold Project, Namibia
https://ceo.ca/@nasdaq/osino-announces-additional-wide-and-high-grade-drill
buygold
They have a problem here …the SM looks like it could go ape to the downside……ystdy was bad….but it looks worse already and it hasn’t opened yet……
Gold shud be flying….last man standing etc…but we all know why it ain’t….
Wheres MY GOLD …Wall ST…ITS in the Ground ,all you have to do is mine it !
Thats what starts the demand from PAPER to Physical …..Wall st needs to deliver ..thats called a GOLD RUSH !
Maddog
Looks like the Aden’s are on thin ice. $1840 not gonna hold.
Bummer. As usual any hope of pm’s going higher on inflation numbers are being smashed.
Mkts calling the ECB’s bluff….one to watch here…..
EU ‘Fragmentation’ Accelerates As Markets Test Lagarde’s ‘Whatever It Takes’ Moment
Just as the SM’s get nervous…a sovereign debt crisis starts…….
Capitulation??
SLV now positive, GLD moving that way too.
This could look good if we actually reverse but scum is right there trying to prevent it. USD coming back down a little but rates definitely on the move up.
edit – here they come, goosing the USD, rates screaming higher especially on the short end. Higher rates and USD are definitely our enemy.
eeos
The Clintons are the worst thing to happen to the US…maybe ever…..they have turned yr politics into a sewer….