Has NASA landed men on the moon and brought them home?
Total Voters: 44
Loading ...Los Angeles could soon put recycled water directly in your tap. It’s not ‘toilet to tap’
https://news.yahoo.com/los-angeles-may-first-city-120045425.html
Newmont Announces Second Quarter 2022 Results
https://finance.yahoo.com/news/newmont-announces-second-quarter-2022-110000215.html
Snowline Gold Announces Completion of First Tranche of Non-Brokered Private Placement for C$22.3 Million and Grants Stock Options
https://finance.yahoo.com/news/snowline-gold-announces-completion-first-110000408.html
Minera IRL Increases Gold Production in Second Quarter 2022
https://ceo.ca/@globenewswire/minera-irl-increases-gold-production-in-second-quarter
Eric Sprott Announces Holdings in Sky Gold Corp.
https://ceo.ca/@newsfile/eric-sprott-announces-holdings-in-sky-gold-corp-fe0a3
Eric Sprott Announces Holdings in StrikePoint Gold Inc
https://ceo.ca/@newsfile/eric-sprott-announces-holdings-in-strikepoint-gold-89a26
Enduro Metals Commences 2022 Exploration Program
https://ceo.ca/@newsfile/enduro-metals-commences-2022-exploration-program
Resouro Provides Update on Novo Mundo Gold Project
https://ceo.ca/@newsfile/resouro-provides-update-on-novo-mundo-gold-project
Osisko Releases 2021 Sustainable Development Report
https://ceo.ca/@globenewswire/osisko-releases-2021-sustainable-development-report
Westhaven Announces $3,000,000 Non-Brokered Private Placement
https://ceo.ca/@globenewswire/westhaven-announces-3000000-non-brokered-private
Monarch Reports High-Grade Drill Results at Beaufor Confirming the Extension of the W and 140 Zones at Depth
https://ceo.ca/@globenewswire/monarch-reports-high-grade-drill-results-at-beaufor
Seabridge Gold Publishes 2021 Annual Report to Shareholders
https://ceo.ca/@newsfile/seabridge-gold-publishes-2021-annual-report-to-shareholders
Osino Announces Drill Assay Results and Update on PFS Progress Twin Hills Gold Project, Namibia
https://ceo.ca/@globenewswire/osino-announces-drill-assay-results-and-update-on-pfs
AbraSilver Announces All-Time Highest Grade Silver Intercept at Diablillos; 2,383 g/t AgEq (34.0 g/t AuEq) Over 26 Metres, Further Extending High-Grade Tesoro Zone
https://ceo.ca/@thenewswire/abrasilver-announces-all-time-highest-grade-silver
McFarlane Lake Completes Acquisition of Mining Leases in Michaud and Munro Townships
https://ceo.ca/@newsfile/mcfarlane-lake-completes-acquisition-of-mining-leases
EXCELLON IS DRILLING KILGORE
https://ceo.ca/@newswire/excellon-is-drilling-kilgore
Elevation Gold Commences Maiden Drill Program on Florence Hill Target Plus Near Mine Exploration Intersects 60.96 Meters Grading 0.54 g/t Gold and 5.13 g/t Silver in Stockwork Mineralization Below the West Pit and 32.00 Meters Grading 0.84 g/t Gold and 10.91 g/t Silver in the Eastern Extension at the Moss Mine
https://ceo.ca/@newswire/elevation-gold-commences-maiden-drill-program-on-florence
ARIS GOLD AND GCM MINING COMBINE TO CREATE A LEADING AMERICAS GOLD PRODUCER
https://ceo.ca/@newswire/aris-gold-and-gcm-mining-combine-to-create-a-leading
Re BHP etc
Spoke to analyst over the weekend…….and the word is that metal miners are gonna keep pouring out huge earnings tks to electrification needs, that will drive demand for many metals, particularly copper….they expect to rewire the entire Grid !!!! this is from a mid thirties major believer in Net Zero etc….so the Divi is safe in their eyes, price shud increase to cut divi, but earnings will also increase.
Plus in my view even if Net Zero dies, that will boost the economies massively, so again they will be ok.
been watching BHP & RIO since you mentioned them. Up nicely premarket and still shoveling out a 13% dividend. Wondering if they are bottoming here.
Now we have a reason for the shares having been crushed.
USD down a little, 10 yr. up 7 bps – there’s your catalyst for the pm downside again.
Bitcoin down surprisingly.
Commodities on the move higher across the board, except pm’s of course.
Re Inflation
Calling for deflation here, has to be the ultimate contrarian call….but I just don’t see it….u had/have the money printing, now u have the energy explosion and over here at least, we now have serious wage demand….doctors want 30 %, others 15 % etc….plus they can’t raise rates beyond 5 % tops…
When chess robots go bad: AI player grabs a seven-year-old boy and BREAKS his finger during tournament in Russia
If memory serves Volker’s actions in raising interest rates so high took place around 1980 … some years after Nixon closed the gold window.
I think it was Greenspan who looking back at this time remarked that the US gov should have suppressed the gold price but didn’t. Looks to me that they’ve taken that lesson to heart, although this suppression will fail eventually.
Cheers
Things are totally different these days. After 1971 Because of excessive money printing 1934 to 1971 we lost a lot of our gold reserves from trade deficits, the gold backing had to removed from the Fed Note Dollar. Because they were backed at $34 but Gold was worth $140, we were getting screwed.
The increasing money supply (inflation) 1934 to 1971, on top of dropping the gold standard led to very high prices during the 1970s, as the fed was contracting the money supply (deflation) with higher rates to 21%. The lagging higher prices. The so-called inflationary 1970s was the lagging result of 1934 to 1971 increasing money supply.
So after 1971 they started importing cheaper imports to get inflation numbers lower. So they can’t do that again, because they already did it and its still ongoing. I saw some tires yesterday made in Thailand.
On top of all that the US Consumer was doing very well during the 1945 to 1975 era so the stupid high rates agenda and the job losing imports were more affordable. The US consumer declined 1975 to 2008 as the blow off bottom. The gov’t and Fed have just been giving people free money after that, even GM got a hand out. And the Covid made more hand outs available.
Paper counterfeit money that works is a great thing, many things can get accomplished, like moon landings and new telescopes in orbit. But naturally the taxed paychecks lost value after 1971 and unfortunately the money managers neglected adhere to Minimum Wage and Maximum Hours act of 1937.
That all means the OLD powers that be were a lot smarter than the more recent ones. And simply creating higher interest rates are not a solution in my book. Its far easier to BLUNT or over ride higher costs with higher profits and higher wages. In fact if the wages OUTPACED inflation, everybody at the low end would be better off. The system can’t survive if low end wages lag inflation.
There is something fishy going on with them bringing in all these refugees. Is there a plan? To block imports? Will the USA start producing its own consumer products again? And we have a nice new wage price spiral? LOL.
“Powell’s belief that he still has a choice of being Volcker, instead of Arthur Burns, is the Fed Chair version of me thinking I can be LeBron James.”
– Luke Gromen, July 2022
So, it is nonsense, as some analysts insist, that “high” interest rates of 3% have caused gold to crash–they just won’t admit the rig.
Will this be a retrace or the biggest cup in handle you ever seen.
“I’m a glutton for punishment” LOL
I think we all must be! We’ve been getting beat up for quite some time. If we didn’t think there was a good sized gain down the road then we’d be insane.
IMO, gold is a broken market…So I am not putting up any serious coin–I’m looking at some el-cheapo options on SAND.
As an outright buy at 5.50, it is an excellent non-expiring call option on gold–it’s a real deal company with great management–should be a 20 buck stock at some point…look at the stats….I want nothing. to do with those penny explorer scams.
Without gold being up with it less there going to do it backwards like everything else. Just heard on Fox that SS, COLA could be 11 percent this year. I did a search and different numbers popped up from 8.6 to 11 percent with the 11 percent recommended due to prices. Real inflations probably double that or more with food and gas. Now they’re going to use up the oil reserves and put us in a world of hurt when that’s gone or maybe that’s their plan.
