is $ 1000 discount to Gold….traditionally it is a decent premium….at least $ 200 maybe more…..Poor South Africa is becoming a basket case, with daily black outs of 9 hrs or more……the power co Eskom is riven with corruption and has been pillaged, by its management…it is not gonna solve its problems overnight, anything but.so energy is going to remain expensive an unreliable…plus u have more and more civil unrest, due to the energy problem and the general malaise……mining will be effected …therefore supply of Platinum will only get worse.
ipsofacto…..phew !!!! …AI panic is over…..
Biden to discuss risks of AI in Tuesday meeting with science advisers
https://finance.yahoo.com/news/biden-discuss-risks-ai-tuesday-090542974.html
Wish Wanka, Scruffy, Portugeezer and any other friend we’ve lost along the way
were here to see this and what is about to come.
Unless they reverse us, we have a breakout IMHO. We’re a little overbought, but we seem to be absorbing the gains over a couple of flat days and then restarting.
SLV breaking the $22.50 level, hopefully now the move will speed up.
Woo Hoo!
Gold and Silver breaking out to 12 month highs today … and this is just getting started.
We are looking at a multi-year bull market … I am not going to be one of those guys saying $8,000 #gold (because @pizdets17 will get upset at me) but $2,500+ gold and $35+ #silver is… pic.twitter.com/50j6iD4HqG
— Wall Street Silver (@WallStreetSilv) April 4, 2023
Buygold
We just passed that $HUI 265 number! Adelante!
Maddog @ 10:14
That just great! Unlimited sci-fi nightmares come true! They’re already arming robots which look quite capable.
ipso facto
The ramifications around AI are near endless……it will destroy most jobs……but where it gets really scary is the idea that it becomes sentient, sees mankind as a threat and then decides to do something about it, like create it’s own power supply and 3d printing factories….
Ororeef @ 10:07
Woo Hoo! The silver bullet!
Maddog @ 9:54
Who knows what some powerful AI is going to do! Early interactions with AI elicit psychopathic responses. Hey I have an idea … let’s not hook them up to our nuclear systems!
Also in the mix … from what I’ve heard AI is going to seriously impact employment, 30 or 40% less workers needed in some occupations.
El-Erian
‘mounting credibility problems at the Federal Reserve’ https://t.co/Fh705QG4MK
— Willem Middelkoop (@wmiddelkoop) April 4, 2023
ipso facto
Re AI
Stopping it makes sense, but the prize is far too valuable and actually creating it is far too easy, in comparison to making Nukes, say……some bad actor is bound sure to build it…it might make more sense to try and make a ‘good’ AI, to ensure u can defeat the bad one…..
what is sure is that it could get messy and living through it’s early stages will be wild .
“Everyone will die”
‘If We Go Ahead on This Everyone Will Die,’ Warns AI Expert Calling for Absolute Shutdown
Human beings are not ready for a powerful AI under present conditions or even in the “foreseeable future,” stated a foremost expert in the field, adding that the recent open letter calling for a six-month moratorium on developing advanced artificial intelligence is “understating the seriousness of the situation.”
“The key issue is not ‘human-competitive’ intelligence (as the open letter puts it); it’s what happens after AI gets to smarter-than-human intelligence,” said Eliezer Yudkowsky, a decision theorist and leading AI researcher in a March 29 Time magazine op-ed. “Many researchers steeped in these issues, including myself, expect that the most likely result of building a superhumanly smart AI, under anything remotely like the current circumstances, is that literally everyone on Earth will die.
HUI
Still have a lot of resistance in here. I have 265 as the number we need to get past.
If we fail again, it wouldn’t surprise.
Barrick (GOLD) Inks Deal Related to Restart Porgera Mine
https://finance.yahoo.com/news/barrick-gold-inks-deal-related-153603204.html
Pan American Silver (PAAS) Completes Yamana Gold Acquisition
https://finance.yahoo.com/news/pan-american-silver-paas-completes-160104024.html
First Majestic (AG) Reveals 2022 Mineral Resource Update
https://finance.yahoo.com/news/first-majestic-ag-reveals-2022-151803772.html
Eloro Resources Provides Update on the Ongoing Preliminary Metallurgical Testwork Program for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
https://finance.yahoo.com/news/eloro-resources-provides-ongoing-preliminary-100000481.html
New Found Intercepts 35.6 G/T AU Over 10.65M, 13.1 G/T AU Over 13.9M, 6.9 G/T AU Over 20.4M, 12.6 G/T AU Over 7.6M, & 10.5 G/T AU Over 6.65M at Iceberg
https://finance.yahoo.com/news/found-intercepts-35-6-g-103000055.html
Probe Gold Intersects Near-Surface, High-Grade Gold Zones at Pascalis, Novador Project; Confirms Resource Continuity and Growth Potential
https://finance.yahoo.com/news/probe-gold-intersects-near-surface-103000636.html
Cassiar Gold Extends Gold Mineralization at East Bain Intersecting 14.6 m of 2.21 g/t Au and 2.2 m of 32.95 g/t Au
https://finance.yahoo.com/news/cassiar-gold-extends-gold-mineralization-110000558.html
Burgundy Drilling Extends Mineralization and Identifies Second Mineralized Zone; McLymont West Drilling Confirms Gold Enrichment Along Fault
https://finance.yahoo.com/news/burgundy-drilling-extends-mineralization-identifies-110000889.html
NEVADA KING INTERSECTS LOWER PLATE HOSTED CARLIN TYPE GOLD AT ITS IRON POINT PROJECT, BATTLE MOUNTAIN TREND, NEVADA
https://finance.yahoo.com/news/nevada-king-intersects-lower-plate-113000524.html
VR Announces $2m Non-Brokered Private Placement to Solidify Plans for Follow-Up Drilling in May at its Hecla-Kilmer Ree and Northway Kimberlite Discoveries in Ontario
https://finance.yahoo.com/news/vr-announces-2m-non-brokered-113038003.html
Stratabound Files PEA Technical Report for the Fremont Gold Project, California Mother Lode Gold Belt
https://ceo.ca/@newsfile/stratabound-files-pea-technical-report-for-the-fremont
Sun Summit Intersects Intense Alteration and Veining in Drilling at the Buck Project; New CFO Appointed
https://ceo.ca/@newsfile/sun-summit-intersects-intense-alteration-and-veining
Lara Expands Mineralized Footprint at the Kenita Project in Central Peru
https://ceo.ca/@newsfile/lara-expands-mineralized-footprint-at-the-kenita-project
Silver Range Resources Ltd. Announces Proposed Issuance of Shares for Services
https://ceo.ca/@accesswire/silver-range-resources-ltd-announces-proposed-issuance-9f2d2
Newrange Gold Announces Share Consolidation
https://ceo.ca/@thenewswire/newrange-gold-announces-share-consolidation
Aben Minerals Announces Private Placement
https://ceo.ca/@globenewswire/aben-minerals-announces-private-placement
Terra Balcanica Commences Phase II Drilling at Viogor-Zanik Project in Bosnia And Announces Private Placement Financing
https://ceo.ca/@globenewswire/terra-balcanica-commences-phase-ii-drilling-at-viogor-zanik
EGR Exploration Announces $2.0 Million Financing
https://ceo.ca/@thenewswire/egr-exploration-announces-20-million-financing
American Pacific Mining Announces the Commencement of Drilling at Gooseberry Silver Project
https://ceo.ca/@globenewswire/american-pacific-mining-announces-the-commencement-80575
Americas Gold and Silver Provides Galena Complex Update
https://ceo.ca/@businesswire/americas-gold-and-silver-provides-galena-complex-update
Nevada Silver Increases Ownership of North Star Manganese Inc to 100% Via Acquisition of Minority Shareholder Interests
https://ceo.ca/@accesswire/nevada-silver-increases-ownership-of-north-star-manganese
Silver Tiger Intersects 2.0 meters of 1,156.4 g/t Silver Equivalent within 17.9 meters of 425.9 g/t Silver Equivalent in the Sulphide Zone
https://ceo.ca/@accesswire/silver-tiger-intersects-20-meters-of-11564-gt-silver
Bowdens Silver Project Receives Final Development Approval and Resource Upgrade
https://ceo.ca/@accesswire/bowdens-silver-project-receives-final-development-approval
Emerita Intersects 32.6 Meters Grading 0.2 % Copper; 1.9 % Lead; 4.1 % Zinc; 4.01 g/t Gold and 84.1 g/t Silver; including 3.5 M grading 0.1 % Copper; 2.3 % Lead; 3.4 % Zinc; 7.07 g/t Gold and 99.9 g/t Silver from 138.9 Meters
https://ceo.ca/@globenewswire/emerita-intersects-326-meters-grading-02-copper
Golden Minerals Announces Improved Concentrate Terms for Velardeña Properties Gold-Pyrite Concentrate
https://ceo.ca/@businesswire/golden-minerals-announces-improved-concentrate-terms
Golden Independence Advances Permitting for Independence Project in Nevada
https://ceo.ca/@newsfile/golden-independence-advances-permitting-for-independence
American Eagle Gold Boosts Exposure in the United States, Upgrades Listing to OTCQB Under the Symbol ‘AMEGF’
https://ceo.ca/@newsfile/american-eagle-gold-boosts-exposure-in-the-united-states
Calibre Delivers Record Q1 Gold Production of 65,750 Ounces; Pavon Central Delivers High-Grade Mill Feed Ahead of Schedule
https://ceo.ca/@globenewswire/calibre-delivers-record-q1-gold-production-of-65750
Shanta Gold CEO says first gold pour at Singida “a big deal”
https://ceo.ca/@thenewswire/shanta-gold-ceo-says-first-gold-pour-at-singida-a
Max Resource Evaluates 6 Priority Targets on its CESAR Copper-Silver Project, NE Colombia
https://ceo.ca/@newsfile/max-resource-evaluates-6-priority-targets-on-its-cesar
Carlyle Intercepts 198 meters of 0.50 g/t AuEq at its Newton Project, British Columbia
https://ceo.ca/@newsfile/carlyle-intercepts-198-meters-of-050-gt-aueq-at-its
Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder
https://ceo.ca/@globenewswire/caledonia-mining-corporation-plcnotification-of-relevant-46dbf
Impact Silver Closes Acquisition of the High-Grade Plomosas Zinc-Lead-Silver Mine, Mexico
https://ceo.ca/@newsfile/impact-silver-closes-acquisition-of-the-high-grade
0430 on the cusp
Here’s the setup: USD down a little, 10 yr up four bips to 3.45%, oil up again, Bitcoin up a five hundred bucks – no idea what makes Bitcoin tick – SM flat, world markets are largely flat as well.
More eco data today, including factory orders which are supposed to be down 1.6%. The real heavy data starts coming out tomorrow thru the end of the week. Stock markets are closed Friday so we won’t have an immediate reaction when the numbers come out on the jobs report – a perfect time for a big miss on the numbers going into the weekend – but no reaction until Monday.
Soft commodities are mostly down this am, oil up $.30, slowing down a bit.
Finally, gold is flat but silver is up $.13. Can’t see anything that threatens the current rally, so I suppose the bias is slightly higher. Gold futures above $2K, spot futures around $1685. First things first, we need to comfortably leave $2K in the dust.
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Gold Train
New power on the Zephyr
https://railpictures.net/photo/810794/
https://railpictures.net/photo/810795/