Haven’t seen you post for a while. I hope that all’s well.
Mortgage Applications to buy a house just collapsed to an index level of 147.📉
That's the lowest level of buyer demand in 28 YEARS.
Lower than anything we saw in the 2008 Crash.
Down 41% from last year.
(Source: Mortgage Bankers Association) pic.twitter.com/ImF8egREMs
— Nick Gerli (@nickgerli1) February 22, 2023
Ipso
not sure what you mean? If I inadvertently posted something in error please correct me.
Still fighting the USD and rates
although neither are really moving much.
Bitcoin now slipping after being up.
Hoping this is turn day. GLTA
Turning a little higher into the open
We were down over $10 at one point after the GDP report.
Shares not too excited though premarket.
GDP Q4 Final up 2.7%
vs. estimates of 2.9%
Should be bullish for pm’s but nope, we are in the tank again.
Best case; we open down and reverse. It’s not impossible…right?
IMO this would be more incentive towards a peace settlement
US May Release Intelligence Showing China Poised To Transfer Arms To Russia
Lundin Mining Fourth Quarter and Full Year 2022 Results
https://finance.yahoo.com/news/lundin-mining-fourth-quarter-full-001500636.html
Franco-Nevada Update on the Suspension of Ore Processing at Cobre Panama
https://finance.yahoo.com/news/franco-nevada-suspension-ore-processing-111500471.html
Newmont Achieves 2022 Guidance; Provides Stable 2023 and Improving Longer-Term Outlook; Declares $0.40 Fourth Quarter Dividend
https://finance.yahoo.com/news/newmont-achieves-2022-guidance-provides-120000894.html
IAMGOLD Files Technical Report for the Nelligan Project
https://finance.yahoo.com/news/iamgold-files-technical-report-nelligan-120000021.html
Newmont Announces Increased 2022 Mineral Reserves of 96 Million Gold Ounces and 68 Million Gold Equivalent Ounces
https://finance.yahoo.com/news/newmont-announces-increased-2022-mineral-120500173.html
METALLIS CONFIRMS DEPTH EXTENSION OF MINERALIZATION AT CLIFF TO OVER 500 METERS FROM SURFACE
https://finance.yahoo.com/news/metallis-confirms-depth-extension-mineralization-140000607.html
Fortitude Gold Intercepts 3.05 Meters Grading 30.94 g/t Gold Within 24.38 Meters Grading 6.01 g/t Gold at Golden Mile
https://finance.yahoo.com/news/fortitude-gold-intercepts-3-05-143000411.html
CMC Metals Identified High Grade Silver-Lead-Zinc Samples in Trenches and Mine Adit at its Amy Property, North- Central British Columbia
https://finance.yahoo.com/news/cmc-metals-identified-high-grade-143000018.html
i-80 Gold Announces Closing of Upsized Private Placement
https://finance.yahoo.com/news/80-gold-announces-closing-upsized-204100423.html
Victoria Gold: 2022 Fourth Quarter & Full Year Results
https://finance.yahoo.com/news/victoria-gold-2022-fourth-quarter-234200156.html
i-80 Gold Expands High-Grade Mineralization in the Hilltop Zones at Ruby Hill
https://finance.yahoo.com/news/80-gold-expands-high-grade-110000135.html
Azimut Provides Strategic Update
https://finance.yahoo.com/news/azimut-provides-strategic-113000735.html
West Red Lake Gold Intersects 12.5 grams per tonne Gold over 3 metres
https://finance.yahoo.com/news/west-red-lake-gold-intersects-120000483.html
Mako Mining Announces Intention to Complete Share Consolidation
https://finance.yahoo.com/news/mako-mining-announces-intention-complete-120000522.html
Eskay Mining Encounters 1.51 gpt Au and 25.39 gpt Ag over 43.1m and 2.84 gpt Au and 22.17 gpt Ag over 16.4m in Extensional Drilling at the TV Deposit, Consolidated Eskay Project, Golden Triangle, BC
https://finance.yahoo.com/news/eskay-mining-encounters-1-51-130000672.html
Guanajuato Silver Drills 6,981 g/t AgEq at San Ignacio and Prepares to Expand Production
https://finance.yahoo.com/news/guanajuato-silver-drills-6-981-131500981.html
Nevada Silver Announces Major Land Acquisition in Minnesota to Significantly Expand the Emily Manganese Exploration Footprint
https://ceo.ca/@accesswire/nevada-silver-announces-major-land-acquisition-in-minnesota
Kuya Silver Announces Diamond Drilling Program at Silver Kings Project, Ontario
https://ceo.ca/@newsfile/kuya-silver-announces-diamond-drilling-program-at-silver
Magna Terra Completes Earn-In at the Great Northern Project, Newfoundland
https://ceo.ca/@accesswire/magna-terra-completes-earn-in-at-the-great-northern
Plato Gold Reports on Final Results of Phase I Exploration Program for the Pic River PGE-Cu Project
https://ceo.ca/@globenewswire/plato-gold-reports-on-final-results-of-phase-i-exploration
Eagle Plains Partner SKRR Acquires 75% of the Olson Gold Project and 100% of the Cathro Gold Project
https://ceo.ca/@accesswire/eagle-plains-partner-skrr-acquires-75-of-the-olson
Signal Gold Discovers Gold Mineralization West of the Golboro Deposit, Intersecting 20.59 g/t Gold over 3.0 metres, 7.29 g/t Gold over 2.5 metres and 9.46 g/t Gold over 2.0 metres
https://ceo.ca/@accesswire/signal-gold-discovers-gold-mineralization-west-of-the
Bendito Resources extends the strike length of Alacran Epithermal mineralization with phase 1 drilling, and reports intercepts for the first 9 holes including 1.49g/t AuEq over 51 meters, starting at 1.5m depth from the Puerto de Oro Target
https://ceo.ca/@newswire/bendito-resources-extends-the-strike-length-of-alacran
Emerita Intersects 28.3 Meters Grading 5.7% Zinc, 2.4% Lead, 0.3% Copper, 1.4 g/t Gold and 67.6 g/t Silver in Deepest Intercept to Date at La Romanera Deposit
https://ceo.ca/@globenewswire/emerita-intersects-283-meters-grading-57-zinc-24
White Gold Corp. Intersects Gold Mineralization in Widely Spaced Step Out Holes at Ryan’s Surprise and Discovers Additional Gold Mineralization in Maiden RAB Drill Program at Several Other Targets along the 6.5km Mineralized Ryan’s Trend, Yukon, Canada
https://ceo.ca/@globenewswire/white-gold-corp-intersects-gold-mineralization-in
Osino Announces Infill and Step-Out Assay Results From Drilling at Twin Hills Gold Project, Namibia
https://ceo.ca/@globenewswire/osino-announces-infill-and-step-out-assay-results-from
Regency Silver intercepts continuation of sulphide bearing breccia in 2023 drill program
https://ceo.ca/@newswire/regency-silver-intercepts-continuation-of-sulphide
O3 Mining Intersects 1.5 g/t Au over 44.3 Metres at Kierens-Norlartic Infill Program, Marban Engineering
https://ceo.ca/@newswire/o3-mining-intersects-15-gt-au-over-443-metres-at
How is a cats’ tail like a long journey?
It’s a fir piece. Â [Joke courtesy of W.C. Fields]
BTG just continues to perform. NEM earnings on deck – ruh roh
Can’t believe it’s a $3 stock. They have their shit together.
AGI is another one.
Press Release: 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
GFI getting hit again premarket
down 6%+. Looks like earnings weren’t bad from this little release. That’s the rule, pm shares must get hit on earnings no matter what they look like. What is that now, an 8 PE? Very, very cheap IMHO
Gold Fields FY Adj EPS $1.18 Up From $1.05 YoY, Sales $4.29B Up From $4.20B YoY
Dollar won’t die
4 am EST and we’re looking at flat. USD was down earlier but now flat, and gold has lost early gains in the overnights.
Some eco data today, I believe it’s the GDP numbers. Could move us. The PCE comes out tomorrow and will definitely be a market mover.
10 straight down days in the shares. RSI in the HUI now at 26, could we really make it 11 straight?
Gold Train
Big Boy at home
https://railpictures.net/photo/808640/
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……