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Amals
Wow that’s a lot of silver. Yes the Hunt brothers. I wonder why they didn’t sell, at least enough profits to cover incase something happened which it did. I remember hearing something about the government going after them on top of their loses and not knowing exactly what was going on thought they were probably money hunting.
But the point is it “ silver anyways” didn’t go up because of inflation, it went up because the Hunts were cornering the market. Was gold following silver in sympathy? What would of really happened if they didn’t.
People are basing that chart on not a monetary reaction but a corner the market “ what characters lol” of the Hunt brothers.
So between all the commodity traders do we have enough to do it again to get back at them? Lol Just kidding.
The youngsters knew it was being manipulated and started buying the physical after getting all that money taking down the hedge funds shorting a couple of stocks. The saw what they were doing and squeezed them out, That’s what they get for shorting a couple of business young people like especially gaming. The only thing it did though was drive the premiums up. So why is that? What happened to supply and demand less it was being manipulated? Even buying selling had premiums but not the price.
goldie @ 12:37
You’re thinking of the Hunt brothers. I know someone who was working for them in another capacity and in a meeting when the call came in. Interesting story he told me. Here’s a link to Wikipedia’s account of the episode.
My little NGD was a stallion today-up 2 cents–I had an 11 bagger on 800 one buck calls a few yrs ago with NGD
I got 400 Nov 21St one buck calls now–I paid 3-4 and 5 bucks a piece fer em.- traded $8 today
Last time I made 55K with em
The great Ballinger at 10 am–I wonder how he feels now–I also thought silver was gonna
I wouldn’t tie the move down to energy companies
It’s much more likely the cabal operating in broad daylight as usual. Speak up and be bombarded by all the TV morons as tin foil hat wearers, effing nutbags that offer criminals the cover they need to operate
Perhaps
Some of the firms/companies that have
exposure to some of these energy derivatives, are simply dumping Gold
at any price, to get some liquidity????
Buygold
Yep it was moving up and up. Moved to about 400 I think then paused then about doubled.
There was also some brothers though, can’t remember their names at the moment cornering the silver market. I was clueless about the market them other than watching pattens after the fact since no coumputers. The brothers would have had something to do with silver hitting about 50 but not the gold but it was moving up too. Seems to me things are being rigged.
Wasn’t gold and silver
rocking higher in the 70’s-80’s when inflation was high?
Is the rig the only thing different? Or was the USD getting hammered?
Absolutely brutal.
I’m seeing at least one death a day
Army 101 st healthy died. Yesterday it was a teen and the mothers demanding a autopsy. Before that a athlete.All were athletic and healthy. Fauci and cohorts need to answer for this. https://www.westernjournal.com/seemingly-healthy-decorated-101st-airborne-officer-dies-natural-causes-deployment/?utm_source=facebook&utm_medium=westernjournalism&utm_content=2022-09-15&utm_campaign=manualpost
Hey Ipso
Yes, very tough day.
I picked up a little this am when it looked like it might run against the market, so $2.20 for me.
As for the sector, we’ve definitely have the spike bottom but no sign of any type of reversal on the way. Rates and the USD continue to crush us, like everything else. I picked up some GFI down here just in case but I’m not confident.
Funny that the funds are seemingly making money on their shorts. Silver continues to try, but gold just doesn’t seem to have the support.
I see oil is taking a huge bath today down at $83. It was just $89 a couple days ago. I’m not sure I understand that – maybe the rate increases are working. If so, the economy may be cratering even faster than we think.
Ipso
And there worried about gun control, Just not peace.
Have a good day.
goldielocks
Not much fun watching this clobbering. I’m off to do something useful.
Cheers
Ipso
Sorry having trouble with my connection in my under ground shelter. What did you say?
goldielocks
As long as they don’t blow up the planet then I’ll be a happy camper!
Ipso
Well so far the same foolish will ignore Putin and pay for it. I hope they direct conflict at the WH,
Unfortunately they like the demos will take everyone down with them. They mistake taking care of our own as socialism and socialism is only about free stuff, capitalist don’t help the poor,” and money goes on trees.
Someone needs to tell these foolish people who they want to fight? Capitalism?
I don’t even think they have a handle on where the concept of printing and inflation comes from no less the world of hurt Europe is in already, now pulling us in again. Well one good thing for these socialist loving brainwashed lefties, it doesn’t require much intelligence to be one?
Tick Tick Tick
RUSSIAN FOREIGN MINISTRY SPOKESWOMAN: IF WASHINGTON DECIDES TO SUPPLY KYIV WITH LONG-RANGE MISSILES, IT WILL CROSS RED LINE AND BECOME PARTY TO CONFLICT
— *Walter Bloomberg (@DeItaone) September 15, 2022
Fingers Crossed
Railroads And Unions Reach “Tentative Agreement” To Avert Rail Strike
https://www.zerohedge.com/markets/railroads-and-unions-reach-tentative-agreement-avert-rail-strike
Morning Buygold
Picking up more Snowline under $2 would be nice. My last buy was at $2.12.
Re: email … Gotcha.
Looks like today may be another tough day for us …
Pan American Silver Reports Large Increase to the Mineral Resource Estimate for its La Colorada Skarn Deposit
https://finance.yahoo.com/news/pan-american-silver-reports-large-214000814.html
B2Gold Announces Positive Exploration Drill Results from the Anaconda Area at the Fekola Complex
https://finance.yahoo.com/news/b2gold-announces-positive-exploration-drill-073000807.html
Fortuna provides construction update at its Séguéla gold Project in Côte d´Ivoire
https://finance.yahoo.com/news/fortuna-provides-construction-gu-la-090000367.html
Torex Gold Reports Positive Drilling Results at ELG Underground
https://finance.yahoo.com/news/torex-gold-reports-positive-drilling-100000108.html
Radisson Hits Multiple High-Grade Gold Intersections on Globex Kewagama Royalty Property
https://finance.yahoo.com/news/radisson-hits-multiple-high-grade-130000185.html
Skeena Files Feasibility Study Technical Report for Eskay Creek
https://finance.yahoo.com/news/skeena-files-feasibility-study-technical-052500599.html
Galantas Gold Announces Engagement of QME for Underground Development Towards Joshua Vein at Omagh Project
https://finance.yahoo.com/news/galantas-gold-announces-engagement-qme-060000283.html
Lion One Reports 19.60m at 21.16 G/t Au Including 16.20m at 25.28 G/t Au in Drillhole TUDDH-608, Expanding the TUG-141 High-Grade Zone at Tuvatu, Fiji
https://finance.yahoo.com/news/lion-one-reports-19-60m-070100827.html
Victoria Gold: Maiden Mineral Resource Estimate at Raven
https://finance.yahoo.com/news/victoria-gold-maiden-mineral-estimate-100000694.html
Tower’ Step-Out Drilling at Rabbit North Confirms North-Northwest Strike of Lightning Zone, Continues to Obtain Wide Intercepts with Pyrite Levels Similar to Discovery Hole 026
https://ceo.ca/@newsfile/tower-step-out-drilling-at-rabbit-north-confirms-north-northwest
Canterra Minerals Receives Drill Permits for Its Resource Staged Lemarchant VMS Project and Provides Exploration Update on Wilding and Noel-Paul Gold Projects
https://ceo.ca/@newsfile/canterra-minerals-receives-drill-permits-for-its-resource
Sanu Gold Acquires Initial 51% Interest in Gold Exploration Permits in Guinea, West Africa
https://ceo.ca/@newsfile/sanu-gold-acquires-initial-51-interest-in-gold-exploration
Viscount Mining Completes 4 Phase Drill Program Required for Resource Update at the Kate Deposit, Silver Cliff, Colorado
https://ceo.ca/@newsfile/viscount-mining-completes-4-phase-drill-program-required
Ivanplats Receives Final $225 Million Prepayment Under Platreef Streaming Agreements
https://ceo.ca/@newsfile/ivanplats-receives-final-225-million-prepayment-under
Aya Gold & Silver Recognized as a Top Performer for Second Consecutive Year by TSX30 Program
https://ceo.ca/@newswire/aya-gold-silver-recognized-as-a-top-performer-for
AbraSilver Announces Final Phase II Drill Results at Diablillos Including 38.5 Metres at 183 g/t AgEq (2.6 g/t AuEq)
https://ceo.ca/@thenewswire/abrasilver-announces-final-phase-ii-drill-results-at
SILVER MOUNTAIN IDENTIFIES HIGH SULPHIDATION TARGET AT PUCASORA ZONE / DORITA PROJECT
https://ceo.ca/@newswire/silver-mountain-identifies-high-sulphidation-target
Orford Discovers Gold Bearing Vein System at Qiqavik – First Intersection of Visible Gold in Drill Core
https://ceo.ca/@newswire/orford-discovers-gold-bearing-vein-system-at-qiqavik
Osisko Windfall Drilling Update: More High-Grade in Expansion and Infill
https://ceo.ca/@globenewswire/osisko-windfall-drilling-update-more-high-grade-in
Morning Ipso
Didn’t pick up more Snowline yesterday, I’ll see how it acts today, but under $2 seems good if it gets there.
BTW – my email is back up if you need me.
Just plain ugly
Even silver can’t buck the trend at least at the open.
USD flat, rates up 4 bits.
Looks like the rail strike has been averted, no way the White House could let a work stoppage happen. That’s good.
$1680 & the shares better hold…