Loading ...Re Crypto
When the time comes to write the history of these times, it makes perfect sense that at the end people were happy to put their rainy day savings, into a vehicle that had no tangible presence at all…..
OMG! OMG! OMG! La meme merde….for the past 34 yrs….Putain!
NYSE ARCA GOLD BUGS INDEX (^HUI)
NYSE – NYSE Delayed Price. Currency in USD
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200.73*******************************-13.02 (-6.09%)
As of 11:17AM EST. Market open.
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This is a post on an HL forum 2 hrs ago by some self-proclaimed genius trader-I leave it to you to decide
if “WHITE EYES” SPEAKUM HEAP BIG TRUTH. UGH!
Time to face the BEARISH reality:
With both the Dow and Nasdaq dropping through the floor today, HL and ALL other silvers are NO longer “flight to safety vehicles” during economic distress.
Yes, Smarter pros like ME fully recognize that HL and ALL other silvers have been replaced by BITCOIN as a much safer and superior alternative “currency.”
In fact, by any comparison, BITCOIN is truly a risk-free asset while silvers such as HL are of questionable value, especially when you realize that silverbugs all over the world have parked TONS of silver in vaults, under their beds, etc.
The BEARISH reality is that there is so much silver out there that there is NO need to mine another ounce of silver for at least 12 more years…
….so there is NO justification for the existence of any SILVER miners such as HL, period.
The world is a better place if all silver/gold miners were to be shut down, asap….
….much less pollution so that our kids can live in a cleaner world
My genius in understanding these facts is why this smarter pro typically is far far far more ACCURATE than so-called wall street “experts” in selections of ALL my SHORT targets such as HL…
….so please mark this post for future reference as ABSOLUTE PROOF of my INFALLIBLE SHORT selections, NONE of which have a hope of regaining former highs…
…and ALL inevitably heading for new all time LOWS, sooner than later
SSRM
has 4 operations…only 1 is affected bt the slippage…yet the stock is down over 54 %.
Buygold
Re this sector
There are no rules for it…u can sell as much as u like and the SEC are fast asleep……CPI roars back….which is a bent number itself, so u can just imagine how bad the real number was….and they smash the one sector that gives cover……
CPI Prints Hotter Than Expected In January As SuperCore Soared
https://www.zerohedge.com/markets/cpi-prints-hotter-expected-january-food-utilities-jumped
So panic sell all PM’s as fast as u can……as the Fed is in total control…which is why CPI is out of control …plus u have a senile idiot running the Worlds biggest nuclear arsenal.
Didn’t realize it but we are actually sub $2K
2024 “The year of destruction”
SSRM now halted again after being cut in half – going sub $5. Markets aren’t even real.
A reversal here would be quite the story
but I’m afraid we would literally need the hand of God to reach down and pick them up. I’m not sure God is interested in such things.
SSRM is getting thoroughly crushed. A solid company, getting beaten like an old .com stock heading toward zero. Really is unimaginable how bad the algo’s beat this stuff. A $9 stock down 40% and halted @ $5.95 Can’t make this up.
Nothing quite like what goes on in this sector.
SSRM has had a slippage and had to suspend one of it’s operations…..
https://finance.yahoo.com/news/ssr-mining-announces-suspension-operations-134900702.html
It’s only down 35 % !!!!!!
OK decision time…for scum…do they save the SM, or let it go…..
If they save it PM’s rally as Tracker Algo’s all tuned to SM……due to constant rigging of SM…..all Tracker Algo’s follow SM.
Easier said than done
BREAKING NEWS
ZIMBABWE MAY BACK ITS CURRENCY WITH GOLD IN AN EFFORT TO END EXCHANGE-RATE INSTABILITY
Here it comes…
It always starts with one.
— Gold Telegraph ⚡ (@GoldTelegraph_) February 12, 2024
Good
Speaker Mike Johnson has made clear that he will not consider the Senate plan to send $60 billion to Ukraine.
The total $95 billion package for Ukraine and Israel (and others) is DOA in the House.
It was a trap to force Donald Trump to keep funding the war in Ukraine even he is… https://t.co/eYvNQ0ZzTN
— Wall Street Silver (@WallStreetSilv) February 13, 2024
Great …….
Rates kick up. SM swoons like the world ended, dollar explodes and PM’s get beaten to death……All of which is supposedly happening because the Fed will tighten, as they have it all under ncontrol…..when in fact, they could not be less in control……Tks to the size of the debt……all they can and will do is print…..
Mr. Copper – “I said we’ll see” we now see
Looks like the CPI numbers came in hotter than expected, and since inflation is bad for gold, we’re getting whacked as the dollar and rates scream higher. The march toward sub $2K rages on, looks like the breach below may happen today.
This day may be especially ugly as the SM is under serious pressure. With the metals getting torched, the pm shares will get thrown into the trash with the SM.
and the beat goes on….
Endeavour Silver Provides Q4 2023 Construction Progress Update On the Terronera Mine
SSR Mining Issues Multi-year Guidance and Technical Reports for All Operating Assets Featuring Production Growth Approaching 800,000 Ounces by 2027 at AISC Trending Towards $1,300 Per Ounce
North Peak Reports at Least 8 Zones up to 9.5% Zinc and 4.6% Lead on Its First Exploration Hole in Eureka, Nevada, Along with a New Gold Zone of 0.6 g/t Au over 3.1 Meters
VIZSLA SILVER ANNOUNCES UPDATE ON ROYALTY SPINOUT
McEwen Mining: 2023 Production and Guidance for 2024
NEVADA KING ANNOUNCES SPIN-OUT OF NON-ATLANTA CLAIMS PORTFOLIO AND FULLY ALLOCATED $9.75-MILLION NON-BROKERED PRIVATE PLACEMENT
i-80 Gold Announces High-Grade Results from Underground Drilling at Cove
Probe Gold Announces Updated PEA for Novador Project, Quebec; 23% increase in Average Annual Production to 255,000 ounces, Pre-Tax NPV5% of C$1.53 Billion, and Pre-tax IRR of 34.4%
Guanajuato Silver Produces 329,934 Silver-Equivalent Ounces in January 2024
VIZSLA SILVER REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS AT LA LUISA
Sky Gold Corp. Defines Multiple High-Quality Targets on its Shebandowan Ni-Cu-Co-PGE Property in Northwestern Ontario
https://ceo.ca/@accesswire/sky-gold-corp-defines-multiple-high-quality-targets
Heritage Mining – 2023 Program Update & Six New High-Grade Targets
https://ceo.ca/@thenewswire/heritage-mining-2023-program-update-six-new-high-grade
SONORO GOLD ANNOUNCES REVISED $1 MILLION PRIVATE PLACEMENT
https://ceo.ca/@globenewswire/sonoro-gold-announces-revised-1-million-private-placement
Collective Metals finds High Priority Targets at the Lamont Ridge-Findlay Target on its Princeton Property
https://ceo.ca/@globenewswire/collective-metals-finds-high-priority-targets-at-the
Sanu Gold Expands Footprint of Key Targets at the Bantabaye Permit in Guinea, West Africa
https://ceo.ca/@newsfile/sanu-gold-expands-footprint-of-key-targets-at-the-bantabaye
Silver Dollar Samples Up to 4,311 g/t AgEQ at its 100%-Owned La Joya Silver Project
https://ceo.ca/@newsfile/silver-dollar-samples-up-to-4311-gt-ageq-at-its-100-owned
Strikepoint Gold Announces up to CAD $2.0 Million Private Placement
https://ceo.ca/@newsfile/strikepoint-gold-announces-up-to-cad-20-million-private
Big Gold Announces Results from Infill Sampling of Historic Core, including 1.46 metres of 10.9 g/t Gold, 34.1 g/t Silver, 0.5% Copper, and 1.8% Zinc
https://ceo.ca/@newsfile/big-gold-announces-results-from-infill-sampling-of
Avino Provides Outlook for 2024 and Highlights Its Major 2023 Milestones
https://ceo.ca/@accesswire/avino-provides-outlook-for-2024-and-highlights-its
Condor Reports Results from its Maiden Pucamayo Drill Program
https://ceo.ca/@accesswire/condor-reports-results-from-its-maiden-pucamayo-drill
Headwater Gold Announces Additional High-Grade Gold Drill Results from the Spring Peak Project, Nevada
https://ceo.ca/@thenewswire/headwater-gold-announces-additional-high-grade-gold
Meridian’s EM Surveys Unlock Both West and South Extensions to Santa Helena VMS Deposit
https://ceo.ca/@accesswire/meridians-em-surveys-unlock-both-west-and-south-extensions
Bravo Intercepts Deeper, Wider and Higher-Grade PGM+Au+Ni Mineralization in the Central Sector, Luanga Project
https://ceo.ca/@newswire/bravo-intercepts-deeper-wider-and-higher-grade-pgmauni
G2 Drills 15m @ 6.3 g/t Au; 10.3m @ 3.7 g/t Au and 41.5m @ 0.75 g/t Au in new Discovery Area
https://ceo.ca/@globenewswire/g2-drills-15m-63-gt-au-103m-37-gt-au-and
Chesapeake Announces Preliminary Metallurgical Test Results Demonstrating up to 97% Gold Recoveries at Lucy Project
https://ceo.ca/@newsfile/chesapeake-announces-preliminary-metallurgical-test
Element79 Gold Reports Additional High-Grade Results from Pillune, Sando Alcalde regions of Lucero Project
https://ceo.ca/@thenewswire/element79-gold-reports-additional-high-grade-results
Mitre Mining Corporation Chile acquisition sets it up to establish major silver-gold resource
https://ceo.ca/@thenewswire/mitre-mining-corporation-chile-acquisition-sets-it
Lahontan Gold Reviews 2023 Milestones and Plans for 2024
https://ceo.ca/@accesswire/lahontan-gold-reviews-2023-milestones-and-plans-for
The stock market is looking a lot like it did before the dot-com and ’08 crashes, top economist says
parts
“With each passing day, this has the feel of being a cross between 1999 and 2007. It is a gigantic speculative price bubble across most risk assets, and while AI is real, so was the Internet, and so were the high-flying stocks that populated the Nifty Fifty era,” he said, referring to the group of 50 large-cap stocks that dominated the stock market in the 60s and 70s, before falling by around 60%
“With each passing day, this has the feel of being a cross between 1999 and 2007. It is a gigantic speculative price bubble across most risk assets, and while AI is real, so was the Internet, and so were the high-flying stocks that populated the Nifty Fifty era,” he said, referring to the group of 50 large-cap stocks that dominated the stock market in the 60s and 70s, before falling by around 60%
Mr. Copper
Off the highs today for the shares, but at least didn’t crater with the Nasdaq as is the norm.
I agree about gold, and still believe silver, and to a lesser extent the shares are the key.
We will see. The SM is certainly overextended to say the least. Especially tech.
@Buygold
I agree. Plus Silver got so low its up for three days now. If Silver rockets back up to $24 or $25, gold should do better. Besides that, TPTB or deep state are in a losing trend. They can’t win. In my opinion of course.
Plus knocking Silver down probably helped Gold drop. Also they like to knock Gold down before the open, probably to scare people, but they lose part of their bash during the day. Look at Silver and Gold going opposite each other.
https://finviz.com/futures_charts.ashx?t=METALS&p=h
Plus again. The Bonds look ready for a bounce, (lower rates) and the Dollar looks ready for a drop. And the idiots running things simply didn’t raise rates high enough, like in the 1970s.
Bonds: https://finviz.com/futures_charts.ashx?t=BONDS&p=d
US Dollar https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d
Another point. The Fediots must have sweat on their upper lips watching the general market going up like Silver and Gold in the 1970s. (And the high real estate market.) The Dow was under 1000 from ’68 to ’82. Everything cost about 20 times more. So a 1000 Dow should be 20,000 today, not almost 40,000.
Dow SnP https://finviz.com/futures_charts.ashx?t=INDICES&p=m
Mr. Copper
If gold can shake off its early losses, we may be carving out the bottom you’ve been looking for, or at least a bounce of some sort.
Shares are doing pretty well, although it’s hard to tell if it’s because of the strength in the SM. OTOH, they’ve been up all day, despite the lackluster performance of the metals. No real volume in the shares today but if we’ve bottomed for a while that will change. The dollar may be getting tired and the COT report was encouraging.
The first decent thing I’ve had to say in a long time. We’ll see. Staving off $2K for now.
FWIW…
James Kunstler looks beyond the necessary disruptions.