Buygold
Re Oil
A mate who is very dialled in, shorted Oil 2 days ago..now he is a v good trader and reads charts v well…but he also has some v good contacts……This may well be a bear raid to shake some longs out …not sure it will work….it’s already bouncing off the Lows.
Buygold re: AXU
Evidently they aren’t mining enough ore to keep their mill operating. Tough to make money when your mill is shut down!
Morning Ipso
No, I didn’t, I’ll take a gander. I’ve never seen the COT wrong if given time to play out.
I like everything pm to bounce back, except AXU which I just dumped because it looks like it’s going to zero.
We have rates and the USD starting to dump in earnest. If we can’t react to that today, I dunno what it will take.
goldielocks @ 10:03
Interesting … I didn’t know they still vaccinated for Polio.
Ipso
They need to stop giving the live oral polio vaccine. The unvaccinated will be at risk. They don’t give kids the live virus in the US anymore. Unfortunately children and those with weakened immune systems need to be immunized in that area but the ones with weakened immune systems including infants and children should specifically NOT take the oral live virus type. It’s too risky.
Buygold did you see this? FWIW
The “Washed Out” Silver CoT
Recent data from the CFTC suggests that COMEX silver positioning is the most favorable since June of 2019. While this does not preclude more downside, it certainly suggests that any further price drops will be shallow.
https://www.zerohedge.com/news/2022-06-21/washed-out-silver-cot
*PUTIN: BRICS ARE WORKING ON BASKET-BASED RESERVE CURRENCY
— *Walter Bloomberg (@DeItaone) June 22, 2022
Richard 9:11
Lol Available tools. That what that SLEDGE HAMMER he was carrying was for.
If your immune system is compromised …
NEW THREAT First outbreak of highly infectious polio detected in UK since 1984 – the 6 signs to know
https://www.the-sun.com/health/5615177/first-outbreak-highly-infectious-polio-uk-signs/
B2Gold Announces Positive Exploration Drill Results in Mali from Fekola North and Anaconda Area Exploration Drilling
https://finance.yahoo.com/news/b2gold-announces-positive-exploration-drill-071400162.html
ALEXCO PROVIDES KENO HILL OPERATIONS UPDATE
https://finance.yahoo.com/news/alexco-provides-keno-hill-operations-110000510.html
McEwen Copper Closes US$15.0 Million Second Tranche of Private Placement
https://finance.yahoo.com/news/mcewen-copper-closes-us-15-175300228.html
GR Silver Mining Discovers High-grade Shallow Precious Metals Mineralization at the Plomosas Project
https://finance.yahoo.com/news/gr-silver-mining-discovers-high-101500335.html
HighGold Announces Positive Metallurgical Test Results from JT Deposit Alaska, USA
https://finance.yahoo.com/news/highgold-announces-positive-metallurgical-test-103000642.html
Blackrock Completes Synthesis of Silver Cloud Data and Has Identified 10 High-Priority Drill Targets
https://finance.yahoo.com/news/blackrock-completes-synthesis-silver-cloud-110000987.html
Sokoman & Benton Commence Drilling at Grey River
https://finance.yahoo.com/news/sokoman-benton-commence-drilling-grey-111500776.html
Endurance Reports Eight Additional Gold Intersections from Reliance 2022 RC Program
https://finance.yahoo.com/news/endurance-reports-eight-additional-gold-111500791.html
Opawica Provides Update on Arrowhead Drilling Program
https://finance.yahoo.com/news/opawica-provides-arrowhead-drilling-program-123000985.html
Perpetua Resources Receives First Permit for the Stibnite Gold Project
https://finance.yahoo.com/news/perpetua-resources-receives-first-permit-123000120.html
Westward Gold Provides Update on Toiyabe Drill Campaign
https://ceo.ca/@thenewswire/westward-gold-provides-update-on-toiyabe-drill-campaign
Kestrel Gold – Announces 2022 Exploration Plans
https://ceo.ca/@accesswire/kestrel-gold-announces-2022-exploration-plans
Osisko Development Intersects 19.81 g/t Au over 9.80 meters at Cariboo Gold Project, Shaft Zone
https://ceo.ca/@nasdaq/osisko-development-intersects-1981-gt-au-over-980
GSilver Discovers High-Grade Historical Tailings Material at El Cubo Assays 727 GPT AgEq Over 1.2m and 711 GPT AgEq Over 1.0m
https://ceo.ca/@accesswire/gsilver-discovers-high-grade-historical-tailings-material
Blue Star Gold Commences Drill Program at its Ulu Gold Project
https://ceo.ca/@newsfile/blue-star-gold-commences-drill-program-at-its-ulu-gold
Anacortes Mining Provides Update on Tres Cruces Drilling Program
https://ceo.ca/@newsfile/anacortes-mining-provides-update-on-tres-cruces-drilling
Tower’s First Two Follow-Up Drill Holes on Lightning Zone Return Long Intervals Surpassing Gold Grade of Discovery Hole: Hole 028 Cuts 138.0 m @ 1.55 g/t Au including 24.5 m @ 4.76 g/t Au, Hole 029 Cuts 70.5 m @ 1.78 g/t Au including 13.5 m @ 4.92 g/t Au
https://ceo.ca/@newsfile/towers-first-two-follow-up-drill-holes-on-lightning
It IS different this time=We are at the end of failed government programs. The retrace is taking us back to the 1930’s.
Silver
You can hedge a bit with zsl.
Buygold
Gas is over 6 – 6.40 a gallon in California and some places going to 9 dollars. Does he really think the 18 cents a gallon is gonna make a big difference. Wow whoopee saved us 1.80 on 10 gallons that cost 64 dollars or more. Glad it’s going down in real time though I hope.
Surprised gold is flat
Everything else is getting hit – including silver.
Looks like another day on autopilot.
Didn’t realize oil was getting hit as hard as it is. Can’t be because Biden is taking a 3 month gas tax holiday, right?
Gold trying to tap $1850 in a little stealth rally.
Mr Copper
I’m confused with your comments things are too cheap. You mentioned how a person could live on minimum wage once.
Kids these days can’t go out and get a place on minimum wage anymore.
I remember back in the early 70s on TV seniors particularly widows were starving and buying cat food for protein while widowers were eating TV dinners because they never learned how to cook “ as was the culture then” and was sad. I remember giving food to one senior and driving another to the discount store once a month because she could either no longer drive or couldn’t afford to maintain a car and insurance I never asked. Things weren’t good for everyone even then.
Back in those days they didn’t have the same amount bills as now and housing was cheap and jobs were plentiful with multi opportunities even without a college degree particularly for men.
They rarely bought car insurance, it wasn’t mandatory, or medical insurance. Dmv wasn’t too bad then until they started paying police better. Phones bills were pretty cheap. You didn’t have to pay for cable channels and food was more plentiful and affordable including restaurant chains like Denny’s for family’s or late night workers, Drive in movies saved the family the high costs of less healthy snacks and parents could take their kids and let them sleep in the car and watch a movie themselves without having to hire a sitter. Now you can spend more on that for kids than the ticket.
Airlines were definitely cheaper. I remember as a student I could fly for 50 dollars round trip. When Jayne Mansfield was shockingly killed in a car accident by a hot rod teen also killed it cost her husband less than 100 dollars to have her flown home back in the 60s.
Back in the 90 s I knew a nurse who’s son was killed and they charged her thousands to fly him home and cost of burials went way up and they didn’t have that kind of money.
The seats had more room, the stewardess had more class and were a conduit for other women who wanted a job in travel, many were trained nurses or could speak more than one language or both and they served real food for longer trips. People with family’s did choose to take trips by car then and streets were less crowded and gas cheap so maybe less demand.
That was before increased levels immigration by the democrats and mass illegal immigration as well as generational welfare that included the illegals that could get money and benefits for the American born children and some tended to have a lot of them. Them later birthing centers popped up for foreign nationals creating more people.
That and travel by car became more expensive, time consuming and less safe.
A friend just wrote me about taking her grandson to a kids pizza place with rides and games. She said there were mostly immigrants in there as well as the workers now and she could tell they way they talked and acted were illegals. She is also a immigrant but a legal immigrant who earned her citizenship.
She doesn’t like seeing whats going on and people aren’t stupid, they know what the Demos are doing and it’s criminal and repubs what are they doing about it? Demos are even getting away with harassing others members of Congress. As a citizen she has full rights and every right to be concerned as any other citizen.
Even CEOs now know that prices went to far and need cooling down. Higher interest rates are going to affect every sector. At the same time it’s not making gas or food any cheaper but could freeze or affect their wages, benefits if they can’t get full time or even jobs.
Now they are figuring out how to survive the recession they feel that won’t be “ transitory” either.
Now the demos are scheming next for amnesty of the illegals while wanting to disarm all citizens.
Now it’s just not food , gas , utilities, that was more affordable back then and people could save and draw interest, that people have to worry about.
Besides rising cost of greedy corporate housing, gas and food creating a tipping point. Blue city costly car insurance, higher DMV registrations, property taxes, medical insurance that could near 1000 a month for family “ more than many two bedroom apartments or a mortgage on a home if they already had one before the pre 08 boom and bust back then, even if a small one child family and 6-700 for individual so about tripled with government getting their nose it in for the benefit medical “corporations,” that btw let you go untreated for Covid, and stopped seeing patients if they could, cable bills people are starting to drop, internet and phone services, pricy phones you have to replace every few years, and higher consumer taxes even on utilities after Federal taxes from the pay checks.
I’m sure I’m missing a few things like home insurance, life insurance, unexpected repairs or bills, dental insurance and out of pocket because it doesn’t cover much, and education or supply’s. And now coming soon heating bills.
Most people can’t afford to send their kids to college.
I know two nurses who quit to raise kids who went back to work to send them to college while the husband paid the other bills.
That’s without getting sick or injured or a family member including extended family, or God forbid if they should have any time or any left R&R. And they wonder why employers can no longer find them.
You can’t compare the times you lived in or geo centered to one or two places to what it was then to now. It’s easy to do. In my day I did this or that. Besides now White men , conservatives, patriots or Christians or Jews in some cases and Asians need no longer apply.
Your right about one thing, they’ve been getting away with or taking advantage too long while cost living kept going up and now it looks like England rail transportation is going to strike and will cause unexpected hardships on a lot of people.
GS down globally
If it’s about Powell I doubt he’ll say anything new.
Looks like more than electric power could have problems. Midwest .., Wisc and PA lost Phone and internet service today.
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