BTW why would China or these other exporters worry about competing too much with their currency when they don’t make it here anymore anyway thank to them and people like the Clinton’s. Trump was trying to bring jobs back home and make things here. At least basic things and medicine. Now their working on importing our food I’d they have their way and have the worst FDA around.
Maddog 17:44
I guess his adviser wanna be divas aren’t his friends either or not qualified. We can just hand it to consumer to have to spend more instead of better trade deals.
…The US has a decades-long trade deficit, importing far more goods and services than it exports. The balance of imports and exports impacts GDP, exchange rates, and inflation levels. The US is the largest importer in the world, and the second-largest exporter (next to China).Jun 28, 2022
FWIW….
TF Metals has an interview with Alasdair Macleod.
Gold it’s movement and pricing are discussed.
Apparently, the world is not liking the Dollar very much.
https://www.tfmetalsreport.com/podcast/12599/midweek-conversation-alasdair-macleod
Trump trade advisers plot dollar devaluation
https://www.politico.com/news/2024/04/15/devaluing-dollar-trump-trade-war-00152009
Now that wud really give PM’s a boost.
Article from the 15th
Barrick under pressure in Mali as regime eyes control of Loulo-Gounkoto
Barrick under pressure in Mali as regime eyes control of Loulo-Gounkoto
Any taxpayer should be furious
WALTZ: How much do you think the Air Force pays for this bag of bushings?
USAF SEC. KENDALL: I don't know, Congressman.
WALTZ: $90,000. pic.twitter.com/K1OpbQedbb
— Congressman Waltz Press (@RepWaltzPress) April 17, 2024
Probably should have been better
but certainly could have been a lot worse, things can always get much worse. The large cap shares and especially the royalty companies I follow outperformed. Seems like the metals are just consolidating a few days for the next leg up. We were way overbought. I suspect if the metals had a bunch more downside, the shares would have sold off instead of firming up.
Hopefully we can start attacking $2400 and $30 again soon.
@deer, @Buygold, @Maddog
I thank you guys for all those responses. They all make sense. In fact the oil short ETF, SCO is up over 5% today. I got lucky with DJT I’m up 8% so far.
Mr Copper
Re Oil
A well needed correction……one that the Vegetable in the White house will be happy to see, as he might get to buy some for the SPR….a lot of the Oil shares have been up 9 weeks on the trot…..a bit more down sideways and then it can run again….
deer79….didn’t see yr post …tks…..though if they drain the SPR, they still have to buy etc….
Did not see oil until now
Getting hit hard, probably for the reason deer79 stated.
Bitcoin is also getting hit hard, down 4.5%. Still $60K overvalued.
They are playing games with gold and GLD, to a lesser extent SLV. Glad the shares aren’t biting.
Now with all the Bitcoin ETF’s, I imagine it will get the same treatment.
Mr. Copper
It all has to do with election year machinations……….
The US needs a scapegoat so they can rationalize draining the SPR again….
US Prepares To Reimpose Venezuela Oil Ban As Biden Seeks Scapegoat To Resume Draining SPR
Tyler Durden’s Photo
BY TYLER DURDEN
WEDNESDAY, APR 17, 2024 – 11:00 AM
For much of the past year, we had joked that behind the facade of western Democratic ideals, was a cold hard truth: the price of oil must not be allowed to go up in an election year. This was obvious in Biden’s “kid gloves” treatment of Iran’s regime, it was obvious when the US implemented “sanctions” on Russian oil that were breached within months with zero enforcement, it was also obvious when the US president became best friends with Venezuela’s dictator Nicolas Maduro last October when, in exchange for a few thousands barrels of Venezuela’s oil, the US lifted sanctions on the person that for years was one of western “democracies” biggest enemies.
Frontrunning an Israeli attack?
Shares are still surprisingly strong considering the SM and the metals.
Weird day.
Ipso
Yes. Hopefully much improved. 👍
I didn’t think they’d be able to drag us down with the market, thought we had too much underlying strength. Maybe I’m wrong though. Should be doing better with the dollar down.
SM is in trouble.
Guess What I Just Bought, 100 Shares of DJT
Trump Media & Technology Chart: https://schrts.co/JAgztpQQ
Buygold
“Looking forward to pm share earnings in a few weeks”
Roger that! The quarter after should be looking good too. Maybe that’s just the tonic the shares need.
silverngold @ 10:22
It looks like she broke in the door’s window. I don’t think an employee would do that. Also the people filming thought the police were going to charge her.
They’re trying to tie us to the SM
But they won’t be able to do that. HUI acting perfectly.
adogsbody – agree with you on GOLD
ipso facto @ 10:08…I don’t think what they say is being seen/shown in the video
Yes, she tried to open the door to the restaurant but then began picking up the stuff that was already spread on the sidewalk and putting it into a bag…like cleaning up a mess someone else had made in front off where she worked. Looks to me like the cops knew her; she probably worked there but the boss wasn’t there yet…or something like that!
I call this anarchy. The lazy cops should be fired immediately.
This is footage of a failed society ……
A woman in Sacramento, CA breaks into a restaurant and POLICE don't stop her.
Instead, they talk for a second and then continue down the road.
🚨🚨🚨 pic.twitter.com/iUYzh7QWee
— Wall Street Silver (@WallStreetSilv) April 17, 2024
Barrick
Took it on the chin yesterday. Production reduction due to maintenance. Looks way overdone.
Maintained annual guidance…
Probably positive as that production lost in Q1 will be sold at higher prices later!
Dog
Dollar slipping….
Seems like it’s been awhile. SM loves it.
Freegold Reports 2023 Final Results – Continues to Confirm Western Expansion
https://finance.yahoo.com/news/freegold-reports-2023-final-results-100000752.html
Fortitude Gold Reports Preliminary First Quarter Production
https://finance.yahoo.com/news/fortitude-gold-reports-preliminary-first-130000244.html
Sokoman Minerals Update on Moosehead Gold Project, Central Newfoundland
https://finance.yahoo.com/news/sokoman-minerals-moosehead-gold-project-130000543.html
IMPACT Silver Announces Full Year 2023 Results
https://finance.yahoo.com/news/impact-silver-announces-full-2023-152800313.html
McEwen Mining Announces Friendly Acquisition of Timberline Resources
American Pacific Closes $4,500,000 Non-Brokered Private Placement
https://finance.yahoo.com/news/american-pacific-closes-4-500-203000163.html
GALIANO GOLD REPORTS 2024 GUIDANCE, PRELIMINARY Q1 OPERATING RESULTS AND A 38% INCREASE IN ABORE M&I MINERAL RESOURCES
https://finance.yahoo.com/news/galiano-gold-reports-2024-guidance-210000131.html
New Found Intercepts 14.8 g/t Au Over 5m at Honeypot & 43.1 g/t Au Over 2m at Jackpot
https://finance.yahoo.com/news/found-intercepts-14-8-g-103000542.html
Onyx Gold Intersects High-Grade Gold at GM Vein on Munro-Croesus Project, Ontario
https://finance.yahoo.com/news/onyx-gold-intersects-high-grade-110000432.html
Labrador Gold Files NI43-101 Technical Report for the Kingsway Project
https://finance.yahoo.com/news/labrador-gold-files-ni43-101-113000151.html
Gold Terra Deep Drilling Intersects Con Shear and Gold in Hanging Wall as Hole Progresses Toward Campbell Shear Target, Con Mine Option Property, NWT
https://finance.yahoo.com/news/gold-terra-deep-drilling-intersects-113000216.html
Bullion Gold Adds 40 New Cells to Its Bodo Project in Jamesie
https://ceo.ca/@newsfile/bullion-gold-adds-40-new-cells-to-its-bodo-project
Riverside Expands Pichette Gold Project Target, Progressing Discovery in NW Ontario
https://ceo.ca/@newsfile/riverside-expands-pichette-gold-project-target-progressing
Elemental Altus Royalties 2023 Full Year Results: Record Annual Revenue, Gold Equivalent Ounces, EBITDA, and Maiden Quarterly Profit
https://ceo.ca/@newsfile/elemental-altus-royalties-2023-full-year-results-record
Salazar Resources Announces Closing of Private Placement
https://ceo.ca/@newsfile/salazar-resources-announces-closing-of-private-placement
Bear Creek Mining Announces Q1 2024 Mercedes Production of 12,228 Ounces of Gold
https://ceo.ca/@newsfile/bear-creek-mining-announces-q1-2024-mercedes-production
STLLR Gold Announces Remaining Tower Gold Project Infill Drilling Results
https://ceo.ca/@businesswire/stllr-gold-announces-remaining-tower-gold-project-infill
Orogen Royalties Announces Nevada Exploration Programs and Alliances
https://ceo.ca/@accesswire/orogen-royalties-announces-nevada-exploration-programs
Dynacor Group Reports Sales of US$20.7 Million for March 2024 and Record Quarterly Sales of US$67.7 Million in Q1-2024
https://ceo.ca/@businesswire/dynacor-group-reports-sales-of-us207-million-for
PAN GLOBAL INTERSECTS 11 METERS AT 2.36G/T GOLD AND 22 METERS AT 0.41% COPPER, EXPANDING CAÑADA HONDA COPPER-GOLD DISCOVERY, SPAIN
https://ceo.ca/@newswire/pan-global-intersects-11-meters-at-236gt-gold-and-81c39
Talisker Intersects 56.88 g/t Au over 1.00 Metre from the Bralorne Gold Project Resource Conversion Program
https://ceo.ca/@globenewswire/talisker-intersects-5688-gt-au-over-100-metre-from
Avino Achieves Strong Production in Q1 2024
https://ceo.ca/@accesswire/avino-achieves-strong-production-in-q1-2024
Aurania Announces Exploration Plan and Non-Brokered Private Placement of up to C$4.0 Million
https://ceo.ca/@newsfile/aurania-announces-exploration-plan-and-non-brokered
Trilogy Metals Provides Update on the Ambler Access Project
https://ceo.ca/@newswire/trilogy-metals-provides-update-on-the-ambler-access-84dac
Rokmaster Provides Selkirk Project Update
https://ceo.ca/@newswire/rokmaster-provides-selkirk-project-update
O3 Mining Intersects 119.1 g/t Au over 2.5 Metres at Malartic H, Marban Alliance
https://ceo.ca/@newswire/o3-mining-intersects-1191-gt-au-over-25-metres
Prime Reports 11.8 gpt gold-equivalent over 3.0 metres at Las Primas And Continues to Discover High Grades at Shallow Depths
https://ceo.ca/@globenewswire/prime-reports-118-gpt-gold-equivalent-over-30-metres
Q1 2024 Production Results and Operational Highlights
https://ceo.ca/@globenewswire/q1-2024-production-results-and-operational-highlights
SSR MINING SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against SSR Mining Inc. – SSRM
https://ceo.ca/@globenewswire/ssr-mining-shareholder-alert-by-former-louisiana-attorney-931ac
Positive Measures for Mining in Budget 2024 and a Potential Blow to Mineral Exploration
https://ceo.ca/@newswire/positive-measures-for-mining-in-budget-2024-and-a-potential
Vista Gold Corp. Files Feasibility Study Update for the Mt Todd Gold Project
https://ceo.ca/@businesswire/vista-gold-corp-files-feasibility-study-update-for
Northern Dynasty: USACE Updates the Pebble Permitting Process in Light of the EPA Veto
https://ceo.ca/@accesswire/northern-dynasty-usace-updates-the-pebble-permitting
GFG Issues Shares to IEP Pursuant to WWCC Gold Property Option Agreement
https://ceo.ca/@globenewswire/gfg-issues-shares-to-iep-pursuant-to-wwcc-gold-property-0ec95
Galleon Gold Announces Current Financing is Fully Subscribed and Initiates New Offering for up to $1.5M
https://ceo.ca/@newsfile/galleon-gold-announces-current-financing-is-fully-subscribed
Silver Mountain Announces $7.5 Million Public Offering
https://ceo.ca/@globenewswire/silver-mountain-announces-75-million-public-offering
Atico Reports Consolidated Financial Results for 2023
https://ceo.ca/@globenewswire/atico-reports-consolidated-financial-results-for-2023
Almadex Provides Update on Three Epithermal Gold-Silver Prospects in Nevada, USA
https://ceo.ca/@globenewswire/almadex-provides-update-on-three-epithermal-gold-silver
Maddog
I’m glad to see that and that they’re professional critics including not subjecting or taking genetic bio- engineering and are not being censored like in the English speaking and European gov where it originates anyways. So WHO is still conspiring with putting out propaganda behind the diversions of their real agendas behind the scenes. They know what their up to now. Meanwhile we have the demitards.
Still talk about Powell. Now some are wondering if they will have to hike interest rates instead of none st all. From intending of 7 cuts down to 2 and now a delay again.
I saw somewhere Russia is sending a ship over to the mid east.
Quiet morning
There’s a hint of peacefulness in the air. 🙂
SM futures mildly higher. Rates and dollar flat. Oil and Bitcoin down a little. PM’s flat with shares drifting up with the SM.
No real important eco news on the table, seems like a quiet Wednesday, hopefully not the calm before a storm.
Looking forward to pm share earnings in a few weeks to see how much of an impact the higher prices will have on earnings. Not a full quarter of higher prices, but close to half. If I remember correctly, First Majestic held off on selling some of their products in Q1 for higher prices. I’d think they are selling some now, but holding off was a good move.
Hopefully this rally continues shortly with $100 up days that exceeds all expectations. 🙂