M Pento
This is part 2 of why he thinks per his models and what their doing we might be headed to a liquidity crisis. It’s good to know what I feel could happen his models see’s it but he’s way ahead of the game in market knowledge.
A liquidity event won’t be good for gold at first. It will depend though. Said the Fed’s only concern is the banks not the middle class so possible more inflation to come.He isn’t trying to sell you gold like at lot of them do or play guessing games and then want your money. He’s straight forward,
He gave Wealthion interview a clue as far as gold. The gold volatility index. He said if that goes up at the same time as a volatility index get out of gold. If it stays neutral he’ll keep his gold. GVZ. Dang autocorrect
We live to fight another day
at least we didn’t get pounded into the long weekend.
Who knows, these long weekend’s are always suspect for info dumps and such. Maybe since Blackrock bought all that silver we’ll wake up Tuesday and the USD will be backed by silver…it could happen. 🙂
FWIW…
James Kunstler has some things to say about “woke” corporations.
and the state of things today.
At least we’re putting up a good fight!
SLV up 2.58% closing in on $21.50. Maybe we can gain some steam in the next few hours and close on a strong note?
May in Review.
Things were looking pretty good the first week. Then simultaneously, China opened the banks to direct gold purchase by citizens and Jamie Dimon flew to China. Things have been pretty rough since then.
Here is a re-post of Vince Lanci (skip to 10 min mark; try 1.75 speed) Vince Lanci: At 3 AM, China Just Made Gold Money Again – YouTube
Post first hour action not so good
Maybe why the shares have been less than stellar.
Have to think we have a chance, the SM is ripping. Show us some sympathy…
C’mon silver don’t fail us here!
Would love to see SLV run back above $21.50
Shares should be doing better, but that’s par for the course.
Fade The Rally, The Dollar’s Destiny Is Lower
Authored by Simon White, Bloomberg macro strategist,
Debt-ceiling worries are driving the dollar up for now, but real yields, the fiscal deficit and structural overvaluation favor the medium-term downtrend remaining intact.
All of the recent move higher in nominal yields (discussed here) has been driven by real yields. Inflation, erroneously, is seen as yesterday’s problem, with breakevens remaining near the lower end of their two-year range.
https://www.zerohedge.com/markets/fade-rally-dollars-destiny-lower
If you own a Patent wholly or in Part on a virus
then by LAW you should be sent to jail ,,because owning the Patent is Proof the virus is man made ,if it wasent you couldent have gotten the Patent. All the DAMAGE done to humans by the virus can be sued and recoverd in a court of law. That makes drug companies and Fauci that claim Patent rights liable for damages .They should PAY !!! or GO TO JAIL…all of them..Shielding them from prosecution is a violation of EQUAL protection under the Constitution… Put them in JAIL for crimes against Humanity ! This is worse than Nuremberg trials …..
Eco news was hot
So, we’re hanging by a thread. Silver is so trying to hold on.
Some of these silver plays are so cheap. AG is at a five year low. Sorry to keep harping on that, but if it’s not a buy now, when?? Same with SSRM and other quality miners.
Fingers crossed the banksters continue to cover.
The Blackrock thing is really a head scratcher, Larry Fink is a devious effer and he’s always got the inside info.
Newmont Publishes 2022 Climate Report
https://finance.yahoo.com/news/newmont-publishes-2022-climate-report-135400215.html
Integra Completes Share Consolidation
https://finance.yahoo.com/news/integra-completes-share-consolidation-104500141.html
North Peak Closes $2 Million Private Placement; Strategic Work Programs and Airborne Geophysics Surveys Launched at Prospect Mountain Silver-Gold-Lead Mine Complex in Eureka, Nevada
https://finance.yahoo.com/news/north-peak-closes-2-million-132900579.html
Puma Exploration Focused on Building a Gold Camp at its Williams Brook Gold Project
https://finance.yahoo.com/news/puma-exploration-focused-building-gold-135200648.html
Banyan Announces 6.2 Million Ounce Gold Resource Estimate for the AurMac Property, Yukon, Canada
https://finance.yahoo.com/news/banyan-announces-6-2-million-190000318.html
Scorpio Gold Announces Letter of Intent to Acquire Altus Gold
https://finance.yahoo.com/news/scorpio-gold-announces-letter-intent-195000718.html
Idaho Champion Announces Change of Company Name to Champion Electric Metals
https://finance.yahoo.com/news/idaho-champion-announces-change-company-213000001.html
New Found Gold Corp. Announces Acquisition of Securities of Kirkland Lake Discoveries Corp.
https://finance.yahoo.com/news/found-gold-corp-announces-acquisition-043600365.html
Osisko Metals: Corporate Update
https://ceo.ca/@globenewswire/osisko-metals-corporate-update
BULGOLD Announces Filing of First Quarter Financial Results for Three Months Ended March 31, 2023
https://ceo.ca/@globenewswire/bulgold-announces-filing-of-first-quarter-financial
Newrange Gold Signs Binding Agreement to Acquire Mithril Resources
https://ceo.ca/@thenewswire/newrange-gold-signs-binding-agreement-to-acquire-mithril
Blue Star Gold Announces Closing of First Tranche of Non-Brokered Private Placement
https://ceo.ca/@newsfile/blue-star-gold-announces-closing-of-first-tranche-of-46874
Angold Resources Announces Share Consolidation
https://ceo.ca/@newsfile/angold-resources-announces-share-consolidation
Metallica Metals Announces Acquisition of Mineral Assets
https://ceo.ca/@newsfile/metallica-metals-announces-acquisition-of-mineral-assets-29931
Antioquia Gold Reports Fourth Quarter 2022 Financial Results
https://ceo.ca/@newsfile/antioquia-gold-reports-fourth-quarter-2022-financial
SILVERCORP REPORTS ADJUSTED NET INCOME OF $37.0 MILLION, $0.21 PER SHARE, AND CASH FLOW FROM OPERATION OF $85.6 MILLION FOR FISCAL 2023
https://ceo.ca/@newswire/silvercorp-reports-adjusted-net-income-of-370-million
Engineer Gold Announces Effective Date for Share Consolidation
https://ceo.ca/@thenewswire/engineer-gold-announces-effective-date-for-share-consolidation
Kirkland Lake Discoveries Announces Closing of $7.8 Million Private Placement Offering of Subscription Receipts and Acquisition of the Lucky Strike Property
https://ceo.ca/@newsfile/kirkland-lake-discoveries-announces-closing-of-78
Big Eco Number Day
Durable goods and the PCE – supposedly the Fed’s most watched indicator.
10 yr. now down a little more than four bips. Seems clear that if they’ll let pm’s move higher, it’s definitely has to be when rates & the USD are down.
So many of these stocks are so beaten up. AG has an RSI of 23. Should be opportunity for a nice bounce, just not sure about a bottom.
Took an online poll
“To what extent do you approve or disapprove of the House Oversight Committee’s recent move to hold FBI Director Christopher Wray in contempt of Congress?”
63% said strongly approve, but 31% said they strongly disapprove.
That steady 31% still is a scary thing. That is 31% of people that are either so brainwashed and uneducated as to what is happening in the country. Maybe it’s just gov’t. workers who love the way things are right now with 2 tiered laws applied unequally.
Looks like we’re trying to bounce a little, as rates and the USD are a bit lower, we could really use a bounce so let’s hope it holds!