COT Report
Looks like we’re going to find out if these COT Reports are predictive or if this time is different. The banksters are loading the boat with short positions while the funds are covering and getting longer.
I’m guessing we’ll find out soon enough.
aurum
I see. Thanks for the response. We’ll see how it goes. I’m sort of looking for a correction back to 240 HUI, or at least wouldn’t be surprised by one.
I mentioned AG and Perpetua. I should have bought PPTA the day I saw it. I’m waiting for a pullback.
FWIW…
A bit of humor from Praying Medic,
a Monty Python skit on the Trump Indictment.
Hope it carries over:
I don’t do much charting but…
Silver is a Stallion!
Gold is coiled like Punjab’s Cobra ready to Strike!
I wonder if chatGPT could do a chart on that?
🙂
Buygold
Somebody here mentioned the Majestic debacle and so I looked at the chart and thought I saw a bottom so I started a position in that again based on information from this site.
aurum
Aurum
Thank you for your charting insights….
I definitely use it as a tool, and also use the ideas posted on this site.
I will be looking closely at the charts this weekend, and will be looking to put some $ to work on any pullbacks.
I like ELRRF, SVM, DOLLF, PSLV and PHYS….
Buygold
It is hard to do wave counts with the best of charts, and I am looking at my ipad charting app. Â But if my idea is correct that we are in wave 1 of a massive pm rally, then we should soon see a wave 2 that may be steep but needs to have a corrective look. Â If it has a corrective look, an opportunity to add to positions will occur.
We could have a shallow correction in here and then a rally and then the above.
BTW I bought Snowline, Summa, Perpertua, Dolly and others from ideas on this site. Â I read the stock news summary every morning. Thanks ipso.
Cheers.
aurum
SilverChartist
🔹While the path of least resistance over the next few months remains higher highs and higher lows, the daily chart is getting overbought just as key resistance is approached.
🔹$24.78 served as stout resistance all through Dec, Jan and Feb and we are now back within… https://t.co/idg81H98a6 pic.twitter.com/e6Zy3FHoap
— SilverChartist (@SilverChartist) March 31, 2023
e tu Mexico
Mexico's President AMLO says the United States cannot talk about human rights with Julian Assange detained, cartel violence with President Joe Biden bombing the Nord Stream pipeline, or democracy while arresting the leading presidential candidate Donald Trump. pic.twitter.com/BIh93L1I43
— KanekoaTheGreat (@KanekoaTheGreat) March 22, 2023
Our friends are getting fewer and fewer
Cracks appears in alliance …
Top European officials are furious with Joe Biden’s administration and now accuse the Americans of making a fortune from the war, while EU countries suffer. pic.twitter.com/Quc7FmcHcJ
— Wall Street Silver (@WallStreetSilv) March 31, 2023
Buygold
As the scum run the Rig, mainly for perception….I figures $2000 was such a big No, they would fight tooth and nail.
It’s all they have left….they can’t raise rates, as we saw over SVB etc….so what can they do …..Rig and then print when the wheels fall off.
maddog, aurum et all
maddog – you said it would be a battle here at $2K and you were spot on. I didn’t think we would, thought the fight might start up over $2K.
aurum – is your wave count on the HUI still showing this move up to about here, before starting another wave that goes back to 230 or so? Or had that been completed on this last turn down?
We’re going to have to work for this today. USD doesn’t want to buckle just yet and rates have come back a bit, although still down 4 bips.
Mali to review and renegotiate mining contracts
https://finance.yahoo.com/news/mali-review-renegotiate-mining-contracts-165349354.html
FREEGOLD ANNOUNCES CLOSING OF $16.5 MILLION BROKERED PRIVATE PLACEMENT FINANCING
https://finance.yahoo.com/news/freegold-announces-closing-16-5-194400056.html
Eldorado Gold Provides Update on Results from Ormaque Step-out Drilling and Overview of 2023 Global Exploration Programs
https://finance.yahoo.com/news/eldorado-gold-provides-results-ormaque-210000203.html
Fortuna files Form 40-F, Annual Report
https://finance.yahoo.com/news/fortuna-files-form-40-f-211500782.html
American Resources Corporation (AREC) Reports Q4 Loss, Lags Revenue Estimates
https://finance.yahoo.com/news/american-resources-corporation-arec-reports-000512613.html
Barrick Steers Porgera Gold Mine Back Towards World-Class Production
https://finance.yahoo.com/news/barrick-steers-porgera-gold-mine-025400287.html
Puma Exploration Reports Assay Results From Fall 2022 HQ Drilling and Confirms Non-Acid Generating Rock at the Lynx Gold Zone
https://finance.yahoo.com/news/puma-exploration-reports-assay-results-130600923.html
Hercules Silver Corp. Announces Brokered Private Placement of up to $5 Million
https://finance.yahoo.com/news/hercules-silver-corp-announces-brokered-193400834.html
Guanajuato Silver Closes New US$5M Silver-Gold Pre-Payment Facility With OCIM
https://finance.yahoo.com/news/guanajuato-silver-closes-us-5m-201000408.html
Mandalay Resources Corporation Announces Filing of Annual Information Form and Updated NI 43-101 Technical Report for its Björkdal Operation
https://finance.yahoo.com/news/mandalay-resources-corporation-announces-filing-120000435.html
Visionary Gold Corp. Announces Non-Brokered Private Placement of up to CAD $1,500,000
https://ceo.ca/@newsfile/visionary-gold-corp-announces-non-brokered-private
Blackwolf Files NI43-101 Technical Report for Niblack Cu-Au-Zn-Ag Deposit, Alaska
https://ceo.ca/@accesswire/blackwolf-files-ni43-101-technical-report-for-niblack
ENTRÉE RESOURCES ANNOUNCES FISCAL YEAR 2022 RESULTS and REVIEWS CORPORATE HIGHLIGHTS
https://ceo.ca/@newswire/entre-resources-announces-fiscal-year-2022-results
Aura Reports Updated Mineral Reserves and Mineral Resources
https://ceo.ca/@globenewswire/aura-reports-updated-mineral-reserves-and-mineral-resources
Dynacor 2022: Reports Its 12th Consecutive Annual Profit, With a Net Income of US$12.0 Million (US$0.31 or CA$0.40 Per Share) Including a Yearly Gold Production Record Exceeding 110,000 AuEq Ounces
https://ceo.ca/@businesswire/dynacor-2022-reports-its-12th-consecutive-annual-profit
Gowest Gold Shareholders Approve Resolutions Relating to Completion of $25 Million Investment
https://ceo.ca/@newsfile/gowest-gold-shareholders-approve-resolutions-relating
OCEANAGOLD REPORTS MINERAL RESOURCES AND RESERVES FOR THE YEAR ENDED 2022
https://ceo.ca/@newswire/oceanagold-reports-mineral-resources-and-reserves-for-fc136
Generation Mining Delivers Updated Feasibility Study for Canada’s Next Critical Mineral Mine – the Marathon Palladium-Copper Project
https://ceo.ca/@businesswire/generation-mining-delivers-updated-feasibility-study
Jaguar Mining Completes Filing of Annual Information Form
https://ceo.ca/@accesswire/jaguar-mining-completes-filing-of-annual-information-fe844
Black Mammoth Metals’ Gravity Survey Identifies Potential Alteration Zone at Happy Cat Gold Property
https://ceo.ca/@newswire/black-mammoth-metals-gravity-survey-identifies-potential
Roscan Gold Announces $2,000,000 Non-Brokered Private Placement Financing
https://ceo.ca/@newsfile/roscan-gold-announces-2000000-non-brokered-private
Luca Mining Corp. Announces an All-In $33M Financing Package
https://ceo.ca/@thenewswire/luca-mining-corp-announces-an-all-in-33m-financing
Caledonia Mining Corporation Plc: Update of Zimbabwe Placing
https://ceo.ca/@globenewswire/caledonia-mining-corporation-plc-update-of-zimbabwe
Gatos Silver Announces Delay in Filing of Annual Report on Form 10-K and Investor Call
https://ceo.ca/@globenewswire/gatos-silver-announces-delay-in-filing-of-annual-report
Seabridge Gold Files 2022 Annual Information Form, Year End Audited Financial Statements and MD&A
https://ceo.ca/@newsfile/seabridge-gold-files-2022-annual-information-form
Centerra Gold Files Form 40-F Annual Report on EDGAR
https://ceo.ca/@globenewswire/centerra-gold-files-form-40-f-annual-report-on-edgar-c3d99
Orogen Royalties Announces Profitable 2022 Fiscal Year End Results
https://ceo.ca/@accesswire/orogen-royalties-announces-profitable-2022-fiscal-year
China Gold International Resources Reports 2022 Year-End Results, Provides 2023 Outlook, and Declares Dividend
https://ceo.ca/@thenewswire/china-gold-international-resources-reports-2022-year-end
Osisko Mining Inc. Files Early Warning Report
https://ceo.ca/@globenewswire/osisko-mining-inc-files-early-warning-report-86a63
Osisko Files 2022 Year-End Disclosure Documents
https://ceo.ca/@globenewswire/osisko-files-2022-year-end-disclosure-documents
Coffee Time
Morning Friends
Having my first (non statutory) day off in 3 months
The battle of $2000 USD gold wages on
Will it cross the Rubicon today?
Meanwhile I was at the Coin shop yesterday in Halifax
Shop visits are by appointment only, 1-2 customers at a time
I didn’t buy any bullion but picked up some nifty vintage silver table items.
Inventories are next to NIL …….
While I was there I was holding 3.5 ounces of  1 ounce and 1/2 ounce gold American coins (liberty dollars)
Going for $2850 CDN PER COIN
Before I could change my mind a woman came in and dropped 10 X $1000 dollar bills and left within 2 minutes
Cash deals, no receipts, NO NOTHING
Another customer paid $45 CDN for 1 ounce silver Maples …… I could tell her was also new to the PM biosphere.
Shit is going down ……. its happening
People are waking up to dollar devaluation
Onward Pilgrims
Winedoc
PS:  Maya,  I also love the train pictures ……… 🙂
Core PCE +4.6% vs. estimates of 4.7%
This is kind of a goldielocks number. SM jumps, rates fall, USD coming back in.
I predicted a big day today on Wednesday. Futures popped through $2K, so we’ll see if this is actually a big day or not, the shares aren’t that impressive. Grateful we are up at all.
Let’s see, maybe silver will be able to extend yesterday’s gains.
Ticking
down a smidge going into the PCE number, mostly because the Crimex just opened.
USD is up, but that might only be temporary today, we’ll know in 5 miutes.
We will probably remember these little news events and how the USD reserve status was lost
Beijing’s latest salvo against the almighty greenback, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly.
0300 EST – last day of Q1
Not a whole lot to report as just about everything is flat across the board. Rates, dollar, SM, all just waiting for
some direction. The PCE should provide the spark.
Last day of the month after a pretty good Q1. Hedge Funds will want to show that they were smart enough to own some pm’s in their funds?