Gold Train
Backing In
https://railpictures.net/photo/810240/
Nice to see the shares flat with gold down substantially. Bodes well for us.
… or maybe not … who knows!
maddog
Agree all. Oil seems cheap to me at $71, maybe because we spent some time in the 80’s
HUI is going to close positive at the HOD. Pretty damn impressive considering the move down in gold.
Volume is light in the shares. USD down .26%
PM’s are screaming “BUY ME!!”
Buygold
Re Oil
My take is that u have strong unity in Opec, tks to Vlad keeping the lads on message, or else….with MBS in Saudi adding to the no messing idea. U have serious demand issues, tks to Net Zero causing minimal to less exploration/investment….combine the two and short of a serious recession prices will stay bid and even a serious recession, will see production cuts by Opec …..
Plus at some point the US has to replenish it’s Strategic reserves.
First Republic
So, if everything is fixed, how come FRC shares opened way up at $16.38, why is it now $13.80? Similar moves in the other regional banks. A lot of nervousness in that sector. What does the big money know?
Oil really jumping back above $70
up almost $3, oil shares doing well. I can’t get a beat on oil. I think Goldman or B of A were predicting $120 oil, I think by year end. It’s not hard to see a geopolitical event causing a spike, or a USD puke getting us there.
A lot of pressure on our little sector today.
Ipso – me either
Who are these people that think they can run roughshod over their populations and they’ll just rollover.
As you say, it might be coming soon, but by the time we here in the U.S. decide to really do anything about it, I think things might already be ugly.
The juniors I have left aren’t doing anything either, I’m probably 90% in large caps and all of them pay a little divi. Can’t complain about their performance since the most recent selloff ended. Silver shares are outperforming.
We got rates working their way higher again.
buygold
“at least their leaders and people stand up in opposition to Netanyahoo’s tyranny.”
It’d be great to see the US population out in the streets against some of the abuses going on. It’s coming!
My midgets aren’t feeling the love today.
On another topic
Israel’s gov mandated the jab for virtually everyone, and now are reaping the results. I wouldn’t want to live in a place where the gov does that.
Ipso – I’ll give the Israeli’s this:
at least their leaders and people stand up in opposition to Netanyahoo’s tyranny. I think Netanyahoo may be Israel’s version of a globalist, can’t say for sure. Gov’ts in the west are attempting to strangle their populations, including here of course.
HUI is 1/4 of a point from going positive. Unbelievable.
Who’s next?
Major anti-gov demonstrations in
France
Germany
Israel
Holland
Reversal of fortunes?
I’ve actually got a couple of holdings that are up now. We started in a huge hole this am, could we possibly come all the way back with silver leading the charge?
We are going against rates and as the SM weakens, rates should also weaken – and they are, slowly.
Bitcoin reversed course and the Nasdaq prints negative.
Shares attempting a comeback
first of the day and no doubt will fail, but there is some underlying strength.
Watching AG, both First Majestic and silver. First Majestic is creeping back after a really weak open, despite the metals still being down.
Nasdaq looks weak to me. We’ll see, but some of the pm shares are coming back.
Rough start
for pm’s anyway. Let’s see if the SM can hold its’ “relief rally” for the entire day – I have my doubts.
I suppose the shares will let us know how deep this selloff goes, I’d like to see the HUI hold 230.
Oil up a couple of %. Bitcoin up? Someone please splain that to me. 🙂
Could be a problem …
Zelensky Admits Ukraine Already Ran Out Of Ammo
The US-led West’s Mainstream Media (MSM) began reporting more accurately on the military-strategic dynamics of the NATO-Russian proxy war in Ukraine since the start of the year, but the true test of their comparatively improved integrity will be whether they raise awareness about Zelensky’s latest damning admission. In an interview with Japanese newspaper Yomiuri Shimbun, he candidly told his interlocutors that “We do not have ammunition. For us the situation in the East is not good.”
https://www.zerohedge.com/geopolitical/zelensky-admits-ukraine-already-ran-out-ammo
Panic over …banking problems all sorted….just like that ….
shame the same ideas/people weren’t around in the 1930’s….or 1970’s
and if that is the case…why isn’t Bitcrap tanking, as that is the ‘new’ safe haven…..or being woke do they want it both ways….
AGNICO EAGLE FILES TECHNICAL REPORT FOR THE LARONDE COMPLEX
https://finance.yahoo.com/news/agnico-eagle-files-technical-report-022100441.html
Pioneering Kibali Plans Further Partner-Based Development
https://finance.yahoo.com/news/pioneering-kibali-plans-further-partner-120000896.html
Alamos Gold Files Technical Report for the Mulatos Property
https://finance.yahoo.com/news/alamos-gold-files-technical-report-105500120.html
Heritage Mining Announces Early Issuance of Exploration Permit for Flagship Project Drayton Black Lake
https://ceo.ca/@thenewswire/heritage-mining-announces-early-issuance-of-exploration-57ddf
Q-Gold Receives High-Grade Gold Results From Metallic Screen Assay At Mine Centre
https://ceo.ca/@globenewswire/q-gold-receives-high-grade-gold-results-from-metallic
Nine Mile Metals Continues to Drill on Its Nine Mile Brook VMS Project
https://ceo.ca/@globenewswire/nine-mile-metals-continues-to-drill-on-its-nine-mile
Trailbreaker Resources Receives Permit to Drill Eakin Creek Property, South-Central BC
https://ceo.ca/@globenewswire/trailbreaker-resources-receives-permit-to-drill-eakin
Silver Hammer Mining Provides Corporate Overview and 2023 Outlook and Guidance
https://ceo.ca/@newsfile/silver-hammer-mining-provides-corporate-overview-and
Kingsview Minerals Receives Strong IP Results at Echum Project in Wawa, Ontario
https://ceo.ca/@newsfile/kingsview-minerals-receives-strong-ip-results-at-echum
Taura Discovers New Gold Zone in 2022 Shabu Exploration Program
https://ceo.ca/@accesswire/taura-discovers-new-gold-zone-in-2022-shabu-exploration
MAG Silver Reports 2022 Annual Results
https://ceo.ca/@globenewswire/magsilver-reports-2022-annual-results
Meridian Drills Best Copper-Gold VMS Intercept at Cabaçal: 12.7% CuEq / 19.0g/t AuEq over 12.8m in High-Grade Feeder Zone
https://ceo.ca/@accesswire/meridian-drills-best-copper-gold-vms-intercept-at-cabaal
Bonterra Intersects 34.7 g/t Au over 2.4 m at the Barry Underground Project and Provides an Update on the Duke Property Joint Venture Drill Program
https://ceo.ca/@newsfile/bonterra-intersects-347-gt-au-over-24-m-at-the-barry
Antioquia Gold Reports Process Plant Stoppage by Antioquia Regional Environmental Corporation
https://ceo.ca/@newsfile/antioquia-gold-reports-process-plant-stoppage-by-antioquia
Rise Gold Reports Planning Commission Hearing Date
https://finance.yahoo.com/news/rise-gold-reports-planning-commission-123000906.html
Papers over here had no fresh news over the weekend
All the talk was about a possible credit crunch, as banks pull back their lending….that is a given and that Commercial Property will be the next shoe to drop……tks to WFH and credit crunch.
Deutsche bank could have been a spoof based off hedge funds buying their CDS and starting a rumour….I am not hearing/seeing any particular news on DB, to cause problems and for once it does seem they have cleaned up their act…but longer term they will not escape the economic problems hitting Germany……unless Net Zero is really cancelled, it will cripple Germany, as their auto industry is so large.
Cloudy with a chance of rain
No new banks went belly up over the weekend, so the scum has decided to take advantage and it looks like pullback time for pm’s.
Dollar flat, rates up 8 bips. No doubt we’re going inverse of rates lately, until we’re not.
GLD has some support right here so I’d be surprised if it got below 180. OTOH, pm’s always go down further than I anticipate. We never quite made it to being over bought, maybe this will leave room for a nice rally when it’s over.
I have felt for a long time that power draws psychopaths toward politics
this connects some of the dots :