Loading ...-it’s a jihad to the down side
https://stockcharts.com/h-sc/ui
Ipso
I hope so too but how do you deal with people that are so corrupt and have no shame? They’ll just dig in and send their BLM and Antifa idiots to go out and destroy cities. The blue states will encourage it, but the red state governors better send in the police and reserves to crush that kind of shit immediately and throw every one of them in the same type of holding cells they’re using on the Jan. 6th folks. Take away their rights and put them in solitary for a couple years while the Libtard ACLU lawyers scream and squeal like pigs about how unfair and illegal it is.
Geez, these shares are a mess.
@Buygold re your: Lastly, it could just be to usher in communism, socialism, Marxism. Everyone’s broke but the elites”
I sorta kinda think that already happened on a global scale. As we were told in high school, communism socialism always fails. Well, its failing. Its not Capitalism that is failing around here imo. Capitalism doesn’t exist. Unless you have a separate group of business crossing borders with unfettered activity in various countries. Globalization turned into global socialism, example prosperity in China at USA expense. The global people doing business globally are capitalists.
Advice: If We Want The US Dollar To Go Down???
We all have to go long the USD double bull ticker UUP. LOL of course. But hell UUP is up over 12% on a 6 mo chart, over 20% on a 1 year chart. Gee, maybe I should buy some?
Looking over all my watch lists, the only one looking good is the stock market shorts ETFs like TZA +8% QID +3% SDS +3.5%. On 6 mo charts they are up 40-50%
The best list was related to energy, Oil & Gas Transport and delivery, some still holding up near highs some down a little.
Dollar Bull/shit chart: https://finviz.com/quote.ashx?t=UUP&ty=c&ta=1&p=d
Mr. Copper
I believe all commodities are traded in US Dollars. The US Dollar is treated like a commodity, so naturally, it also is traded in Dollars. That means to me, all other currencies simply go inverse USD. Clearly seen below. Obviously this is engineered, but for what?? Are they hoping millions of Americans will go on vacation at big discounts in other countries? (welfare)
Yep, all commodities trade in dollars, so they are selling local currency to buy dollars. The key question you ask is to what end? That is what I don’t know yet. Unless they are going re-value the dollar. I don’t see that happening.
Heard a guy on FOX say he’s buying the metals and expects a rally in Nov., Dec. – based solely on the idea that the USD is going to correct. I hope he’s right.
Lastly, it could just be to usher in communism, socialism, Marxism. Everyone’s broke but the elites. Food for thought, Biden has allowed 3 million (at least) immigrants into the country at the same time they are crashing the economy. These migrants will work harder and faster than their citizen counterparts, including the current Hispanic work force. There will be no jobs and the actual citizens will lose theirs to a migrant.
Even a Weaponized Dollar Won’t Stop Gold’s Historical Turning Point
https://goldswitzerland.com/even-a-weaponized-dollar-wont-stop-golds-historical-turning-point/
Out for a while.
Maddog good to see you back.
Hey Buygold
In the 79-80 inflationary period when the cretins weren’t rigging the gold market, gold had great appreciation. I think it’s under performance is a direct result of gov interference in the markets and eventually the this rig will fail.
As far as deflation I just don’t know. On the one hand bankruptcies and defaults will send a lot of dollars to money heaven on the other hand the gov will be creating funds in a spectacular fashion.
I sure hope this all isn’t settled with gunfire but who can say?
Hey Ipso
yeah I know the miners have to be struggling. This is a full-blown crash of the commodities. Nat Gas is down from near 10 to 6 and change. I think that’s just in the last few weeks. Oil absolutely getting murdered, no doubt a gift before the election to get gas prices below $3.
I do think that deflation is the best thing for pm’s. Obviously, it doesn’t protect us during inflation, market downturns, war or anything else. It is strictly a function of the USD and rates.
At the end of the day, it seems as though they are crashing the world markets, so none of the people have anything left and are easier (they think) to control by giving minimal handouts.
When we have nothing left to sustain us financially, a lot of the population will turn to their guns like they do now in the hood. I don’t want that, but it will have to happen.
First hour is done, let’s see what happens. Doesn’t look like there’s a comeback in anything, if so, there will be a lot of sleepless nights on Sunday.
All Stock Market & All Sector Performances Are Failing
https://www.barchart.com/stocks/market-performance
I believe all commodities are traded in US Dollars. The US Dollar is treated like a commodity, so naturally, it also is traded in Dollars. That means to me, all other currencies simply go inverse USD. Clearly seen below. Obviously this is engineered, but for what?? Are they hoping millions of Americans will go on vacation at big discounts in other countries? (welfare)
Or…They want lower energy prices for consumers? (welfare) Lower material prices for EV green energy businesses?? (all welfare at producers expense)
Guday all..snhud have bought a one way ticket and just kept going…until the money ran out
but at this rate, that would have been a short week away……
Where is the money going, from selling everything ???????
Buygold @ 8:39 Roger That Agreed
re your “you don’t know how Europe is surviving the massive inflation, along with all the other countries that need dollars for transactions.”
And USA too. Seems like they just print money and hand it out where its needed. They got a lot of practice during Covid. But sooner or later “they won’t be able to get away with it anymore”. I also think the local US gov’t underestimates the where with all of a big part of the population, the underground economy. So their inflation fighting hurts the wrong people, collateral damage.
Desperation
Von der Leyen threatens the Italians: "We will see the result of the vote in Italy. If things go in a difficult direction, we have tools, as in the case of Poland and Hungary." A desperate attempt to influence the vote in Italy that runs towards the far right. Game over Ursula! pic.twitter.com/MhkaiQus9x
— RadioGenoa (@RadioGenoa) September 23, 2022
everything looks “normal”
They’re running G & S because the curtain is failing again, they’re like faulk crash the pesky metals again! Print print print
Buygold @ 8:54
I’d love to see the miners withholding metal off the markets but so many of them are barely getting by that they need every little bit of income. That said delaying projects now will cause a shortage of metal in the future.
I’m a bit awestruck by the decline in gold. I think the rig has been a price killer!
Crazy Times
UK Markets Implode After Truss Unveils Historic Tax Cuts As Economy Slides Into Recession Amid Soaring Prices
New UK Chancellor Kwasi Kwarteng has stunned (read crashed) UK markets by making giant economic gamble with his ‘mini-budget’ to “turn the vicious cycle of stagnation into a virtuous cycle of growth” whose goal is to shock the UK economy back to life with a massive 45 billion pound tax cut – the largest since the 1970s – including slashing the 45% additional tax rate for the highest earners. Instead of stabilizing markets, as some maybe hoped in light of the relentless plunge in cable to the lowest level since 1985 – the announcement sparked mayhem instead as it promises even more inflation at a time when the UK is set to slide into a crippling stagflationary recession as prices soar, and tax cuts will only ensure even more inflation, just as Albert Edwards warned last night.
As note above, Kwarteng unveiled the most significant tax cuts since the 1970s, to be funded at a time when interest rates are soaring. He abandoned Boris Johnson’s economic policies to increase taxes to pay for public services, while the Bank of England warned earlier this week the economy ‘might already be in recession’.
If you still believe in lunatic numbers for silver then, like me, plan to buy CDE as the greatest, perpetual, non-expiring call on silver
with the kick-off of the crash of stocks and PMs today, in a few weeks or months CDE should visit the low $2 right range–I also like Hecla–these are not explorers or juniors at $30 to $50 silver–not to mention 100 to 500 silvers as some demented visionary seers have called for, these 2 companies should reward their bottom pickers handsomely..
.CDE–here are some comments by astute bloggers=
They sold their smallest mine (27,000 ounces production, less than 10% of their whole production) for $150m plus conditional $50m which is great. These $200m represent 25% of the current market cap – so the divestment is creating value in my opinion. They can use the proceeds to further develop their business without diluting or taking debt.
Somebody posted familar with Nevada operations that several Engineers were be turned over and surmised it maybe the Rio Tinto factor).The added bandwidth with addition of VP Projects Dan Einarson with 40 years at Rio Tinto and his experience with large Cap Ex global projects and complex processing and his time spent with affillates firms SNC Lavalin, ACECOM and Worsley.There was also the bringing in of Cody Southelin as VP of UU Projects that had 10 years at Rio Tinto. and more recently GM of Barrick Newmont Nevada.Then the addition of Aoife McGraph highly educated with two Master of Science degrees in Geology and District scale experience from Barrick as Senior VP Exploration Africa and Middle East.
Alim Visram after 12 years in global M&A is VP Corporate Development and came from senior Director of Strategic Matters Barrick.
A new Board member addition Jeane Hull has 35 year operational leadership and engineering,She was also a COO from RioTintos Kennecott Copper Mine as well as holding engineering and operational positions.
Tom Wheylan CFO from mining secor of Ernst & Young.
Coeurs labor force is garnering records for having no reported injury downtime for a year at Wharf and Rochestor one million man hours without reported injury downtime Also the Award winning sector leading ESG Program. all a reflection on culture change of labor force.
Coeur has now a refreshed Senior Executive Leadership with specific experience and talent to Coeurs Projects at Rochestor and Silvertip. The district scale exploration. of Silvertip ,Palmarejo,Sterling /Crown and Kensington. Alim Visran M&A, Tom Einarson Rochestor completion and Silvertip mill expansion . You wanted NEW MANAGEMENT Coeur has expanded NEW MANAGEMENT
R640
yeah, that’s a big concern once we breach at the close. Opens up new lows in the HUI and opens up a run all the way down to 130. That would be absurd, but it could happen. These miners are shit because of the manipulated metals prices.
Ipso – good for NEM delaying expansion, these miners just need to halt production or refuse to sell their metal to the Crimex. I really didn’t think the HUI would ever get back to these levels.
Mr. Copper – well said
I tend to think ultimately this will be deflationary as well. OTOH, the USD should be deflationary, but it’s not because all fiat currencies are falling against real goods.
I’m not sure this can be solved without some world or country coming out with a currency that has backing. Such uncertain times, all created by the Globalist elites and their central banks. This did not need to happen and now the Powell says there’s going to be some pain for people and businesses. No shit, and they are doing it intentionally. I don’t know how Europe is surviving the massive inflation, along with all the other countries that need dollars for transactions. If the dollar has lost 11.5% in purchasing power since 2020, what has happened to the Cando, AUS, etc.? They must have lost more?
Newmont shuffles executives, delays massive expansion as market conditions complicate project
Glencore to Acquire Newmont’s Stake In MARA Project
https://finance.yahoo.com/news/glencore-acquire-newmont-stake-mara-113000914.html
Regency Silver Corp. Options El Tablon Claims in Durango State, Mexico
https://ceo.ca/@newswire/regency-silver-corp-options-el-tablon-claims-in-durango
Maritime Announces Completion of $3,700,000 Non-Brokered Private Placement
https://ceo.ca/@newsfile/maritime-announces-completion-of-3700000-non-brokered
Gold Springs Resource Announces New Gold Discovery at the Snow Target
https://ceo.ca/@accesswire/gold-springs-resource-announces-new-gold-discovery
Revival Gold Intersects 10.1 g/t Gold Over 11.4 Meters Within 3.5 g/t Gold Over 115.4 Meters at Beartrack-Arnett
https://ceo.ca/@globenewswire/revival-gold-intersects-101-gt-gold-over-114-meters
Aton Announces Bridge Loan
https://ceo.ca/@globenewswire/aton-announces-bridge-loan-1623c
Aura Announces Closing of the Big River Acquisition
https://ceo.ca/@globenewswire/aura-announces-closing-of-the-big-river-acquisition
Prior US Dollar Highs
The last time they had the dollar this high near 120, Gold was $250/oz. So far they aren’t doing so good with $1650. I think a melt up in the dollar would be very amusing. Like a meme stock.
https://www.mrci.com/pdf/dx.pdf
BUYGOLD-Markets will focus on Chair Jerome Powell’s opening remarks at a Fed Listens event at 2 p.m.
Coming up… |
Markets will focus on Chair Jerome Powell’s opening remarks at a Fed Listens event at 2 p.m. after the central bank
gave the clearest signal yet that it’s willing to tolerate a recession as the necessary trade-off for regaining control of inflation.
US data include S&P Global services and manufacturing PMI after private-sector activity in the euro zonecontracted for a third month.
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BUYGOLD–I doubt Powell would throw mkts. a bone…but I am sure there is pressure from the dems to Dave stocks before the election…I think that will be hard to do…Wall St is finally realizing that America is switching over to socialism/communism and that those in power are profoundly hostile to capitalism
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Captain Hook has been saying for a long time to expect stocks and gold to crash–He has a buy target of approximately $20 on GDX as some kind of marker for a PM sector bottom in November.