Pan American Silver reports audited financial results for 2022
https://finance.yahoo.com/news/pan-american-silver-reports-audited-223300811.html
B2Gold Reports Q4 and Full Year 2022 Results; Achieved 2022 Total Gold Production and Consolidated Cost Guidance; Cash and Cash Equivalents Increased $102 Million in Q4 2022; Q1 2023 Dividend of US$0.04 per Share Declared
https://finance.yahoo.com/news/b2gold-reports-q4-full-2022-223000945.html
Torex Gold Reports an Excellent Close to 2022
https://finance.yahoo.com/news/torex-gold-reports-excellent-close-223000040.html
Alamos Gold Reports Fourth Quarter and Year-End 2022 Results
https://finance.yahoo.com/news/alamos-gold-reports-fourth-quarter-220000442.html
Wesdome Announces 2022 Fourth Quarter and Full Year Financial Results
https://finance.yahoo.com/news/wesdome-announces-2022-fourth-quarter-214000015.html
Coeur Reports Fourth Quarter and Full-Year 2022 Results
https://finance.yahoo.com/news/coeur-reports-fourth-quarter-full-213000366.html
FREEGOLD ANNOUNCES A SIGNIFICANTLY INCREASED MINERAL RESOURCE ESTIMATE FOR THE GOLDEN SUMMIT PROJECT
https://finance.yahoo.com/news/freegold-announces-significantly-increased-mineral-135900557.html
Commodities in general getting pounded
Oil leading the way.
There’s nothing quite like a pm selloff. These shares just get shredded.
Is it possible that the Fed engineers deflation and that’s what we’re seeing in oil, nat gas, etc.?
I think samb is right in his call but pm’s have a nasty way of making you miss on the early side.
@Maddog, re your “rates they could well explode higher from here and considering who is in charge?”
For the most part I think Mr. Market is really in charge and the bozo bankers are reacting in defense mode. And copy cat on Paul Volkers 1970s rates to 21% to kill the beast Gold.
One thing they need to worry about, if somebody on Financial News media says something like, “A high interest rate is the sign of a weak currency, and a country’s economy in trouble”.
The economy was converted to 4 wheel drive long ago, from 2 wheel drive. Unfortunately, a 4 wheel drive gets you stuck in a worse place than 2 wheel drive. The system is very far from a paved road.
Mr.Copper
Rates have done a v nice A-B-C correction…they could well explode higher from here….which considering who is in charge, would be a perfectly logical reaction….after all who outside a lunatic asylum, would lend a cent to Paedo Joe and Co.
Re Ten Year Bond Rates
Ok chart pros, chart below 10 year. We pretty much bottomed in September and started dropping Feb 1st, with this jump in yields since Feb 1st. It looks like the low points were getting closer to the 200 MA. So the question now is, is this a high point for rates to drop from here? All my miners are still above the September bottom. Even big dog CDE.
Rates climbing since September but Gold went $1625 to $1825 today even with higher rates. Golds Sept Low point $1625, if it happens again? It would be a gift from God, maybe the last chance for some physical buyers including banks and gov’ts. By the looks of things rates would have to double from here to get gold back to $1625. I personally don’t care what they do, they can’t win because they already lost it long ago.
https://finviz.com/futures_charts.ashx?t=GC&p=d1
As usual everything is keying off the SM…even though the SM is weak because who wants stox
when WW III is around the corner……
Echo chamber
Fed minutes must have come out as the SM seems to like them. PM’s were hit but coming back now as rates haven’t moved. Dollar is still a pain in the ass, same with silver.
I guess our only hope is for the SM to drag us along. Looks like a 10th straight down day is in the works. Death by a thousand cuts.
Maddog
“where to go”
Yes that should be a priority! Thank God that if the decision is made to give Ukraine aircraft, it’s going to take a long time, training, logistics etc. Hopefully there will be a negotiated peace by then.
ipso facto
Re Ukraine
That is the second time I have seen those comments, about the mood shift………dunno about being long PM’s maybe we shud work out where the hell to go, that is clear of Nuke fall out……this is getting really crazy.
They’re trying to kill everyone. Incredible arrogance and stupidity!
US lawmaker in Kyiv: Momentum shifting toward ATACMS, F-16s for Ukraine
Any sign of life?
still fighting a little stronger dollar but rates are down.
It’s always the shares that drive ya nuts. Volume is mixed, but these things can’t hold a bid pretty much across the board.
Silver continues to be a pain in the ass.
India’s #silver imports hit a record high in 2022, at just under 10,000 tonnes.
This was roughly 1/3 of all silver mined on the planet last year. Buyers in India are scooping up all of the undervalued silver available.😎 pic.twitter.com/SyOBX1eOqJ
— Galen McNamara (@GalenMcNamara) February 22, 2023
Alamos Gold Reports Mineral Reserves and Resources for the Year-Ended 2022
https://finance.yahoo.com/news/alamos-gold-reports-mineral-reserves-220000271.html
Sandstorm Gold Royalties Announces Record 2022 Annual Results
https://finance.yahoo.com/news/sandstorm-gold-royalties-announces-record-220600179.html
SSR Mining Reports Fourth Quarter and Full Year 2022 Results
https://finance.yahoo.com/news/ssr-mining-reports-fourth-quarter-110000019.html
Orford hits 4.1 g/t gold over 14.6 metres on its Joutel Eagle Property
https://finance.yahoo.com/news/orford-hits-4-1-g-140000415.html
MANDALAY RESOURCES CORPORATION CONTINUES TO PRODUCE EXCELLENT RESULTS FROM ITS BJÖRKDAL EASTWARD MINE EXTENSION DRILLING AND REPORTS ON SUCCESSFUL AURORA EXTENSION DRILLING PROGRAM
https://finance.yahoo.com/news/mandalay-resources-corporation-continues-produce-110000525.html
Victoria Gold Amends Secured Loan Facility
https://finance.yahoo.com/news/victoria-gold-amends-secured-loan-110000242.html
GoGold Releases Additional Excellent Drilling Results at Los Ricos South
https://finance.yahoo.com/news/gogold-releases-additional-excellent-drilling-113000076.html
HighGold Mining Announces Plan to Spin-Out Ontario and Yukon Gold Assets into New Exploration Company
https://finance.yahoo.com/news/highgold-mining-announces-plan-spin-113000635.html
GALIANO GOLD ANNOUNCES AN IMPROVED LONG-TERM OUTLOOK AT THE ASANKO GOLD MINE
https://finance.yahoo.com/news/galiano-gold-announces-improved-long-113000374.html
Skeena Bolsters 21A West Zone Intersecting 18.18 g/t Au, 130.2 g/t Ag over 9.26 metres
https://finance.yahoo.com/news/skeena-bolsters-21a-west-zone-123000188.html
Equinox Gold Reports Q4 and Fiscal 2022 Financial and Operating Results, Provides 2023 Production Guidance of 555,000 to 625,000 Ounces of Gold
https://ceo.ca/@newswire/equinox-gold-reports-q4-and-fiscal-2022-financial-and
Liberty Gold Reports Impressive High-Grade Results from M and Back Range Zones including the Highest Grade Intercept Drilled to Date at the Black Pine Oxide Gold Deposit, Idaho
https://ceo.ca/@globenewswire/liberty-gold-reports-impressive-high-grade-results
GGL Intersects 1.5 g/t Gold and 101.5 g/t Silver over 5.64 m at its Gold Point Project, Nevada
https://ceo.ca/@accesswire/ggl-intersects-15-gt-gold-and-1015-gt-silver-over
Japan Gold Identifies Strong Gold and Pathfinder Elements in Soil Results from the Kitano-o Gold District and Defines New Priority Targets
https://ceo.ca/@newsfile/japan-gold-identifies-strong-gold-and-pathfinder-elements
Five New Mineralized Target Areas Identified at Silver Dollar’s La Joya Project in Durango, Mexico
https://ceo.ca/@newsfile/five-new-mineralized-target-areas-identified-at-silver
Canadian Palladium’s Initial Metallurgical Testwork Program Demonstrates Potential for Favourable Recoveries and Concentrate Grades at East Bull Palladium Deposit
https://ceo.ca/@newsfile/canadian-palladiums-initial-metallurgical-testwork
Graycliff Exploration Completes Phase 4 Drilling and Receives New Gold Assays at Shakespeare Gold Project, Ontario
https://ceo.ca/@newsfile/graycliff-exploration-completes-phase-4-drilling-and
Aya Gold & Silver – Zgounder Mine Expansion Progressing to Plan
https://ceo.ca/@newswire/aya-gold-silver-zgounder-mine-expansion-progressing
Osisko Metals Signs C$100 Million Investment Agreement With Appian Natural Resources Fund for a Joint Venture on Pine Point
https://ceo.ca/@globenewswire/osisko-metals-signs-c100-million-investment-agreement
Almaden Responds to Court Submissions by Mexico’s Ministry of Economy to Deny Twenty Year-Old Ixtaca Mineral Title Applications
https://ceo.ca/@globenewswire/almaden-responds-to-court-submissions-by-mexicos-ministry
Probe Gold Intersects 3.9 g/t Au over 44 metres in Infill Drilling at Pascalis, Novador Project
https://ceo.ca/@globenewswire/probe-gold-intersects-39-gt-au-over-44-metres-in
Cerro Grande Mining Corporation: Tamidak Receives Necessary Permits for Tailings Pond Reprocessing to Start at Pimentón Project
https://ceo.ca/@globenewswire/cerro-grande-mining-corporation-tamidak-receives-necessary
K92 Mining Announces Latest High-Grade Gold & Copper Drill Results at Kora-Kora South and Judd-Judd South; Multiple Dilatant Zones Intersected
https://ceo.ca/@globenewswire/k92-mining-announces-latest-high-grade-gold-copper
and Lo and Behold…
We have ourselves a little bounce in the makings with gold quietly sliding past $1850. Silver up a little as well. The shares have been selling off on low volume so maybe we’ll get some breath come back into these things.
Would love to see us up $30-40 in an “out of blue” move up, but we get what they give us.
Side note: BHP and RIO are down a couple % in the premarket. Copper is the culprit there but it’s not down much, less than 1%. They don’t trade with pm’s much at all.
Let’s get ourselves a bounce.
Eco Data
There’s still a bit of eco data coming out this week – FOMC minutes today, GDP tomorrow and PCE on Friday. PCE is supposedly what the Fed follows on inflation so it’s probably most important to the markets.
Gold just ticked up a few bucks, let’s see if it sticks or it just drifts right back down. We’ve seen that for a couple of weeks now.
Nat Gas @ $1.98 down another 6%. It just doesn’t jive with the news we received for months on ZeroHedge that supply would be tight due to the cold winters here in the west, the war in Ukraine, etc.
USD is flat. 10 yr. is down a bip to 3.94%. We are definitely moving inverse rates and they’ve had a good run. Hopefully we’ll get a break.
Gazing at the shares premarket
GFI jumps out at me down 4% on no news this am. Seems cheap to me here around $9.50, thinking the risk/reward is worth a shot.
Everything else is down a few pennies, NUGT down 1%. GFI will weigh on the indexes.
Still waiting for the turn, it’s in here somewhere.
4 am EST
and things are flat to start another day.
HUI closed just below the 200 dma yesterday, RSI @ 29. Don’t know how much further it has to fall after 9 down days in a row, but I’d hope not much more.
Question: Is it possible that the Fed will throw us into deflation? It doesn’t seem likely, but it starts with energy prices, and it’s getting cheaper. They are trying to crush demand, but what if they’ve already done it? Housing is toast.
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