Western horsepower
https://railpictures.net/photo/807934/
Western horsepower
https://railpictures.net/photo/807934/
I remember we bottomed Sept 26th, and doing great for four months until January 26th. Dow SnP bottomed the same time. Sept 26th. Dow SnP having trouble today may be dragging us down too. Then again the dopey/dollar climbing since Feb 2nd.
Oh I forgot about the phony great jobs numbers last week plus we keep hearing about layoffs, must be hurting Dow SnP. Maybe the PMs will divorce from the general market soon. I doubt any miners are seeing any layoffs and the producers have to be making profits. I guess we just have to wait this out.
I imagine you’re right … although I’m looking forward to the end of this downturn. I think a lot of investors in the PM shares have gone to greener pastures.
Fwiw I see this pause in the metals/shares as a healthy correction, to the recent rally…we did $350 straight up AU…..that was quite a run….a correction will load R 640’s slingshot
Will certainly try and quickly sweep this under the rug……..
Pretty disturbing discovery, but certainly far from being a surprise……..
Giant Commodity Trader Faces Massive Losses After ‘Missing Nickel’ Fraud Uncovered (Story is on ZH)…
When will they be ready to admit that it is over?
They see to be down to the last holdouts. pic.twitter.com/kLDUaR8bmW— Wall Street Silver (@WallStreetSilv) February 9, 2023
Guaidó Is Gone But London Still Keeping Venezuela’s Gold
https://www.zerohedge.com/geopolitical/guaido-gone-london-still-keeping-venezuelas-gold
Gold was climbing nice and steady and tptb knew it would have broken thru $2,000/oz by today if they didn’t throw that phony jobs number stumbling block in front of it.
It was a real neat trick. Instead of using a bigger rate hike, that would hurt the economy, collateral damage like during the ‘70s, so they wheeled out a crazy high jobs number instead. That’s ok let them knock themselves out.
And they have a lot of nerve suggesting higher wages causing inflation. Wages just try to keep up with inflation.
Lundin Mining Announces 2022 Mineral Resource and Mineral Reserve Estimates
https://finance.yahoo.com/news/lundin-mining-announces-2022-mineral-220000382.html
Torex Gold Provides Inaugural Quarterly Update on Media Luna Project
https://finance.yahoo.com/news/torex-gold-provides-inaugural-quarterly-110000103.html
Thesis Gold Drills 50.30 Metres of 1.86 g/t Au from Surface at the Bingo Zone
https://finance.yahoo.com/news/thesis-gold-drills-50-30-113000440.html
Barrick …Focus on Tier One Assets Delivers Significant Increase in Resources and Reserves, Underpinning Industry-Leading Production Profile Growth
https://finance.yahoo.com/news/focus-tier-one-assets-delivers-120000074.html
Fortitude Gold Intercepts High-Grade Including 21.34 Meters Grading 7.21 g/t Gold Below Isabella Pearl Pit
https://finance.yahoo.com/news/fortitude-gold-intercepts-high-grade-143000216.html
Rupert Resources Divests Central Finland Properties and Participates in Financing in Exchange for 9.1% Shareholding in Northgold AB
https://finance.yahoo.com/news/rupert-resources-divests-central-finland-220000041.html
Galantas Gold Drills 22.5 Grams/Tonne Gold Over 2.7 Metres Within a 11.5-Metre Intersection
https://finance.yahoo.com/news/galantas-gold-drills-22-5-070000552.html
Amex Reports Results from Team Zone with Intersects of up to 4.73 g/t Au over 8.20 m and 2.71 g/t Au over 10.50 m
https://finance.yahoo.com/news/amex-reports-results-team-zone-120000832.html
Rupert Resources Ltd. Announces a Non-Brokered Private Placement of up to $47.6 Million
https://finance.yahoo.com/news/rupert-resources-ltd-announces-non-120000103.html
Endurance Reports Drill Results from Imperial Zone Extends Strike to 135 M with 3.63 gpt Gold over 5.0 M and 3.52 gpt Gold over 14.1 M
https://finance.yahoo.com/news/endurance-reports-drill-results-imperial-121500547.html
Puma Exploration Outlines Its Accomplishments and 2023 Exploration Plans at the Williams Brook Gold Project
https://finance.yahoo.com/news/puma-exploration-outlines-accomplishments-2023-124900431.html
Significant New Gold Targets in the Mosquito Creek Basin
https://ceo.ca/@globenewswire/significant-new-gold-targets-in-the-mosquito-creek
Mountain Boy Minerals: Telegraph Assays Include 60 g/t Gold and 9.6% Copper
https://ceo.ca/@newsfile/mountain-boy-minerals-telegraph-assays-include-60
Trenching Underway to Test High Grade Gold Targets at Andong Meas
https://ceo.ca/@thenewswire/trenching-underway-to-test-high-grade-gold-targets
Ridgeline Minerals Acquires District-Scale Porphyry Copper-Gold-Silver Project in Elko County, Nevada
https://ceo.ca/@newsfile/ridgeline-minerals-acquires-district-scale-porphyry
Royal Road Enters into Strategic Alliance and Non-Binding Letter of Intent with MSB Holdings Ltd for Mineral Exploration in the Kingdom of Saudi Arabia
https://ceo.ca/@newsfile/royal-road-enters-into-strategic-alliance-and-non-binding
Engineer Gold Mines Ltd. provides update on compilation & targeting work on TAG prospect, Engineer District
https://ceo.ca/@thenewswire/engineer-gold-mines-ltd-provides-update-on-compilation-1b756
Kuya Silver Signs Toll-Milling Agreement To Produce Silver-Lead and Zinc Concentrates From The Bethania Project
https://ceo.ca/@newsfile/kuya-silver-signs-toll-milling-agreement-to-produce
Aya Gold & Silver Provides Production Guidance and Outlook for 2023
https://ceo.ca/@newswire/aya-gold-silver-provides-production-guidance-and
Silver Valley Metals Reports Significant Exploration Results from the Blackhawk Mine and Surrounding Target Area at its Ranger-Page Project in the Silver Valley, Northern Idaho, USA
https://ceo.ca/@newswire/silver-valley-metals-reports-significant-exploration
Kesselrun Resources Announces Final Drill Results From 2022 Drilling and Southern Geophysical Targeting
https://ceo.ca/@newsfile/kesselrun-resources-announces-final-drill-results-from
Torr Metals Rock Sampling Returns 14.15 g/t Gold, 4.31% Copper and Extends High-Grade Mineralization by 700 Metres in the Dalvenie Zone
https://ceo.ca/@newsfile/torr-metals-rock-sampling-returns-1415-gt-gold-431
USD taking a hit and rates down a bip
We should be doing better, especially silver.
Still up 1/2%, but not looking real strong at the moment.
Some eco data in a couple hours, although I’m not sure it will be market moving.
Hopefully we can get back up through $1900 before the week ends.
down 1/2%. Not translating into any big gains in the pm’s just yet, but we’ve got a chance. 🙂
SM futures ripping higher. Good start to the year so far for the SM.
Still a few hours from liftoff.