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As posted, $GOLD vs $SPX has clear break out on 3 year chart.#silver has been leading though and broke out on 14 year chart 3 months ago.
Now backtesting.

Precious metals outperforming the stock market, means global capital is flowing into the precious metals.

So it begins. pic.twitter.com/RRqg1Kd5eP

— Graddhy – Commodities TA+Cycles (@graddhybpc) March 21, 2023

I totally agree; a 25 basis point raise with the pledge that they will “temporarily” pause.

I have a little money that will be buying some PSLV and PHYS on any down openings…..

GDX and the HUI both closed right on their 50’s and GDXJ broke below but not much. Hoping we open a little lower or flat and go into the meeting flat.

I get the feeling that some punters are thinking they’ll cut, but I don’t think they will. Leaning toward .25 hike while announcing a pause. The .25 hike is just to save face IMHO.

Who knows? Maybe everything’s fixed and they’ll do .50 bips.  🙂

This is the most recent report and it’s fookin’ ugly.

CFTC Commitments of Traders Report – CMX (Futures Only)

Anyone mentions peace and the neocons freak out. These death lovers make me sick! I think that’s great if China can broker a deal. The world doesn’t want more war.

Ipso – interesting that when we are weakened in the Middle East, peace breaks out. If China brokers some peace deal in Ukraine, our Neocons will blow a gasket. Lindsay Graham will be calling for nukes.

maddog – this is a pretty rough ride today and AG is leading the way down. I’d think that some of that Jerritt Canyon might have been baked into the share price already, but at least not the last 25%.

Give me a few more points on the HUI and I’m ready for tomorrow. 🙂

GLD has support right here. See if we can get some shorts to cover.

You can hope that could happen but there’s the unknown. Even if they only go 25 they could say something about future hikes because they still trying to get the inflation down and finding it’s not gonna be easy with the printing press running in the background working against them. It went from zero to what 5 now so the inflation numbers even at their highest of 9 something should be lower now. So how many times are they going to have to raise it while at the same time their spending and giving away our money before the financial system starts to melt down.
So I’m guessing not just what they say about now but any forward looking statements. Hopefully short term anyways they won’t.
I dumped AG last year.

If this is typical of the scum/fed, then they are smashing PM’s because they will only raise 25 or barely anything, or nothing…this is their new game pulverise PM;s before bullish news comes out, so any rally is within recent ranges….

an expensive day here as I need a new diff in my car …….and ‘effing First Majestic sure ain’t gonna pay for it…..grrrrrrr!!!!!

Yes, good Kunstler. He’s right about a lot of things. Interesting to hear him trash Democrats, since I’m pretty sure he’s been one most of his life. He’s done a 180 since then, realizing that his party is nuts.

This is a bigger hit than I thought we’d get today, but again, it’s light volume to the downside. I’d like to see the shares gain back about half their losses and not be in such a big hole going into the close. Probably get some downside follow through tomorrow am and stabilize by announcement time.

Still think we rally tomorrow on the Fed announcement, unless they raise 50 bips. Everything else should be a tailwind for our pm’s.

Part of me thinks it’s the Fed in there buying our bonds. Almost seems to me they were raising until they found a tipping point, and it appears the tipping point is the Fed Funds rate at 4.5%. I’d expect bonds to rally tomorrow as well.

Strong day tomorrow and we finish the week positive. JMHO

https://schrts.co/DwxTYuUE

FRANCE – Fuel depot blocked by protesters. Police being forced to retreat. Confrontations between police and protesters are happening across France.

French Revolution version 2.0

🔊pic.twitter.com/m6vAbKYetZ

— Wall Street Silver (@WallStreetSilv) March 21, 2023

Will FED cut rates? https://t.co/tYicPsProA

— Willem Middelkoop (@wmiddelkoop) March 20, 2023

Not ESG-Friendly: Insurers Junk Entire EVs For Minor Accidents

It’s a surprise that Reuters has published an article revealing that the electric vehicle revolution might not be as environmentally friendly as automakers claim. Furthermore, a scratched or slightly damaged battery pack could lead insurance companies to scrap the entire car.

“We’re buying electric cars for sustainability reasons,” Matthew Avery, research director at automotive risk intelligence company Thatcham Research, said.

Avery pointed out, “an EV isn’t very sustainable if you’ve got to throw the battery away after a minor collision.”

A Tesla battery pack costs tens of thousands of dollars and represents a large percentage of the vehicle’s price tag. Insurance companies have found that it’s uneconomical to replace battery packs if damaged.

https://www.zerohedge.com/technology/not-esg-friendly-insurers-junk-entire-evs-minor-accidents

‘Does NOTHING Except Eat, Sleep, and Sh*t’: Trump Rips Biden in New Statement

That is so damn funny

I figure you’re right. Eventually the truth will come out. I’d guess that the management of the gold and silver ETFs are looking into which countries don’t have extradition treaties with the US.

I love reading Kunstler. He’s turned to the right in the past few years.

https://www.republicworld.com/world-news/rest-of-the-world-news/indonesia-to-pull-the-plug-on-visa-and-mastercard-president-calls-them-a-problem-articleshow.html

there are over 1 billion people in Indonesia and Western sanctions against Russia are cited as a warning…..the move against the Dollar gains strength.

Saudi Arabia To Reopen Consulate In Syria After Leading Failed Regime Change Efforts

https://www.zerohedge.com/geopolitical/saudi-arabia-reopen-consulate-syria-after-leading-failed-regime-change-efforts

Re Kunstler

Tks v good and i wud add the exposure of the scum will happen, at some point, when all this unravels….like no metal in those ETF’s and the monster short position etc.

Barrick Pledges $30 Million Towards School Development in Partnership With Tanzania

https://finance.yahoo.com/news/barrick-pledges-30-million-towards-130600330.html

Franco-Nevada Files Year-End Disclosure Documents

https://finance.yahoo.com/news/franco-nevada-files-end-disclosure-202800362.html

Fortuna reports updated Mineral Reserves and Mineral Resources

https://finance.yahoo.com/news/fortuna-reports-updated-mineral-reserves-090000087.html

VIZSLA SILVER EXTENDS HIGH-GRADE MINERALIZATION AT LA LUISA; INTERCEPTS 4,227 G/T AGEQ OVER 2.30 METRES

https://finance.yahoo.com/news/vizsla-silver-extends-high-grade-120000448.html

Sitka Gold: North American Exploration Projects

https://finance.yahoo.com/news/sitka-gold-north-american-exploration-170000189.html

Galantas Gold Announces Upsize to Non-Brokered Private Placement Financing and Terms of Shares-for-Debt Transaction

https://finance.yahoo.com/news/galantas-gold-announces-upsize-non-232500778.html

New Found Extends High-grade at Keats West to 305m Down Dip With 10.1 g/t Au Over 22.5m & Hits 80m Wide Gold Domain

https://finance.yahoo.com/news/found-extends-high-grade-keats-103000249.html

Rupert Resources Reports Further Drilling Results From Ikkari and Provides Update on Other Activities

https://finance.yahoo.com/news/rupert-resources-reports-further-drilling-115400737.html

MacDonald Mines Receives up to 5.5 % Cu and 6.45 g/t Au in Surface Grab Samples from the Ashigami Cu-Au-Co showings

https://finance.yahoo.com/news/macdonald-mines-receives-5-5-120000210.html

Goliath Resources Signs MOU With Five Other Companies to Study the Viability of Hub and Spoke Mill Complex at a Permitted Site at Kitsault, B.C.

https://finance.yahoo.com/news/goliath-resources-signs-mou-five-121500204.html

Millrock Announces Effective Date of Name Change to Alaska Energy Metals Corporation

https://ceo.ca/@globenewswire/millrock-announces-effective-date-of-name-change-to

CERRO DE PASCO RESOURCES SIGNS AGREEMENTS WITH VOLCAN AND GLENCORE TO SECURE DEVELOPMENT OF QUIULACOCHA TAILINGS

https://ceo.ca/@newswire/cerro-de-pasco-resources-signs-agreements-with-volcan

NV Gold Announces Exploration Target at its Slumber Gold Project of up to ~450,000 Gold Ounces

https://ceo.ca/@accesswire/nv-gold-announces-exploration-target-at-its-slumber

Radius Gold Discovers Gold Mineralized “Hotspring Type” Sinter and Breccia Pipe Target in Fresnillo District, Zacatecas

https://ceo.ca/@thenewswire/radius-gold-discovers-gold-mineralized-hotspring-type

SILVER MOUNTAIN ANNOUNCES 2023 EXPLORATION PROGRAM AND OUTLOOK

https://ceo.ca/@newswire/silver-mountain-announces-2023-exploration-program

Alpha Exploration Expands Aburna Soil Gold Anomaly to 7.2Km, Reports Channel Sample Results of 8M @ 5.29 g/t and Starts Follow-Up Drill Program

https://ceo.ca/@newsfile/alpha-exploration-expands-aburna-soil-gold-anomaly

Torr Metals Delineates 2700 Metre Geophysical Anomaly Aligned with Kilometre-Scale Copper and Gold Dalvenie Trend

https://ceo.ca/@newsfile/torr-metals-delineates-2700-metre-geophysical-anomaly

Bravo’s Drilling at Luanga’s Northern Sector Shows Multiple Stacked Zones of PGM+Au Mineralization

https://ceo.ca/@newswire/bravos-drilling-at-luangas-northern-sector-shows

Calibre Continues to Expand the New High-Grade Gold Discovery at Panteon North & Along the Multi-Kilometre VTEM Gold Corridor; Additional Drilling Intersects 17.45 g/t Gold Over 4.1 Metres Following Up on the December 2022 Intercept of 11.61 g/t Gold Over 9.3 Metres

https://ceo.ca/@globenewswire/calibre-continues-to-expand-the-new-high-grade-gold

Desert Gold Activity Update at SMSZ Project in Western Mali; New Artisanal Mining in Priority Exploration Target Area

https://ceo.ca/@newsfile/desert-gold-activity-update-at-smsz-project-in-western

Drilling at Trundle intersects shallow mineralisation

https://ceo.ca/@newswire/drilling-at-trundle-intersects-shallow-mineralisation

Elevation Gold Provides Corporate Updates Including Appointment of David Peat as Director and Forward Sales Arrangements

https://ceo.ca/@newswire/elevation-gold-provides-corporate-updates-including

Pullback day. Little bit of a headwind in the 10 yr as it is up 9 bips.

Oil up almost 2%, Bitcoin up, Dollar down.

This looks like a targeted hit on the pm sector, but SLV is only down $.01, GLD down $1.40

I think this is the dip to buy either today or maybe even tomorrow morning. I think pm’s rally hard after the Fed announcement, sort of contrary to the usual treatment.

Desert Throngs
https://railpictures.net/photo/810134/