I think this might be classic Gateway…as Gold should be flying and the SM tanking if true….
Buygold
I guess the way things were then I helped a few people and after that one you learn desperate people who aren’t secure where they’re next meal will be you can’t trust. You can still help them but don’t see anything around they can steal. But I can understand them more for their honesty that the desperate con artist type and won’t just take a little if they can get away with it. I’m not looking forward to seeing those times emerge again. It won’t just be thugs you have to watch out for. It particularly remember that because after walking my son to his friend’s house on the way back I saw a kitten still taking milk in a gutter trying to climb up and falling back with wounds all over him crying so I picked him up and took it home. Meanwhile my ex was talking to some guys about it and said something about wondering what she’ll bring home next. When I walked in with this tiny crying kitten they all started laughing. I’m like what’s so funny.
Ipso 12:02
Right, there are non while dedicated excellent doctors and surgeons who save lives everyday and it doesn’t matter who.
Buygold
There’s a real battle going on right now. Back in the 80s I remember that. My nurses pin.was gold and someone stole it and probably cashed it in. My fault though I let someone in with a couple of children who needed help and if anyone the most likely. Wasn’t the increased rates a response to it though?
goldielocks @ 11:24
Absolutely! I’ll take competence over DEI BS every time. I don’t care what race.
Goldie-maybe
Gold’s big run in late 70’s, early 80’s came amid big rate hikes. I think a hike up to 10-15% might do it, but that would do two things, further destroy what’s left of the economy and two force them to admit they were wrong. I don’t think these arrogant idiots will ever admit that.
The dollar is not recovering today and the shares are finally starting to move.
Ipso 9:46
That includes foreigners too.including white. Depending on their education and track record and attitudes towards Americans.
They just had something out on UCLA equity ideas in medical isn’t working. Question is does that include the instructors too. Then it will result in neglect of some students hard working and gifted and marking up grades of ones that aren’t and call it equity.
Buygold
Only a market down turn or a rate hike can hold it back imo. I don’t think we’ll get a rate hike less they want to bring the market down. They’ll just have some transitory excuse and getting ahead of things if they do lower rates. With real estate apparently doing okay right now and still way over priced they don’t really need to bring it down until maybe after summer if they want to keep election time window dressing up.
The good news is the dollar in short term is making a head and shoulders while gold is making a reverse head and shoulders if it drops a bit to complete a pattern as of about now.
Isreal killed family’s including children again, always and consistently a accident again. Maybe someone should accidently drop on on their family, accidently of course. They could put the hostages there but I don’t think they care about them either. They just want Gaza.
Maddog
Was sort of hoping that the longs were playing some rope-a-dope but if the dollar ticks up a penny, they hit us. Shares can’t get going, although some of the silver shares have been strong so far.
I just don’t think it should be such a struggle for the large cap golds.
The pendulum swings
Multiple times in history, the precious metals industry was considered the largest market among global assets.
The battle begins
They dumped at the open and are hitting some of the shares, but hopefully we’ll start finding our bearings.
Can’t wait for the day the Crimx goes belly up.
dows open
Today and this week should be telling.
I wonder too of they will be honest on inflation numbers
Maddog – follow thru
I see that with your chart. Like I mentioned, I use UUP as a proxy for the dollar, it’s interesting that in UUP it’s just now attacking the 50 day. You’re right, that’s a huge uptrend for the last 6 months, we’ll see if it gets broken. Course the problem is all the other fiat garbage that makes up the index.
It appears we are getting some nice follow thru from yesterday. Scum better get things under control, I don’t have any doubt they will try, but damn, we look good at the moment.
Should be an interesting day, will they hit the sell button at the open?
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Spanish Mountain Gold Announces Private Placement
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G Mining Ventures Provides Tocantinzinho Project Update
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MacDonald Mines Withdraws Previously Announced Scadding Gold Project Assays Pending Further Review
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Blue Star Gold Announces $3M Non-Brokered Private Placement
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East Africa Metals Receives Extension of Mine Development Periods for Mato Bula, Da Tambuk and Terakimti Projects
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Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia Is Subject to TSX-V and Shareholder Approval
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Kingsmen Resources Identifies New High Potential Targets
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Portofino Executes Agreement to Option Its Gold Creek Property
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Corrected: Golden Cariboo Resources Expands Field Program to Gold Ridge Claims in Eastern Block of Quesnelle Gold Quartz Project
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Zodiac Gold Completes Pre-Drilling Mapping and Sampling Program at Alasala Highlights Include 33 g/t Au and 32.2 g/t Au from Surface Mapping and Pit Sampling
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NEVADA CANYON SIGNS LAPON CANYON ROYALTY AGREEMENT
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PM’s may have done quite well recently….but in comparison to NVDA…they haven’t woken up
let alone got out of bed.
buygold
Yup that chart is spot gold/spot silver…..
By the way the Dollar index is right on the 200 Day Av and on a major uptrend…all @ 104.40……it failed to hold above the 50 day Av and is now back attacking the 200 Day……a proper break will bring in some serious dumping from big Funds…..
GROY
Looking at GROY this am. I no longer own it, but it is getting crushed in the premarket, down over 15% and showing no signs of life just yet.
They did a $30M bought deal financing. More dilution of course.
Royalty companies are usually very solid, but GROY is so small, it seems to have a hard time getting anyone to notice. Dilution for these small shares is such a killer.
RGLD down a couple bucks premarket, but I can’t tell if that’s just a bad trade premarket. I’d guess so.
The dollar is set to open below the 50.
Morning Maddog
To be clear, your chart is a ratio chart then?
Crimex has been unable (so far) to break our metals down further from where London had them. Good sign early, although there’s no doubt they’ll attack us with paper all day long.
aufever
Re Gold /Silver
This quarterly chart shows a v good Head and shoulders top, that if we break @ 64…last 74, the target is 30….which means with AU unch @$2400….Silver cud see $80….
London was able to stop the bleeding
but not able to steal all our gains back. That might be up to the Crimex. Maybe they can finish the job, or maybe snot!
I am noticing the dollar this am as it has ticked back toward the 50 dma, and looks to maybe break below at the open. I use UUP as the proxy, it sits at $28.60, but the bid/ask is 28.53 / 28.57 in the premarket. The 50 dma is 28.58.
Might really be worth watching today, the chart actually looks strong and unbeknownst to me, the dollar has been moving up for the last 6 months.
The Russian bankers say we’re in for an economic crash. Do any of us actually doubt that is true?
Gold Train
I saw this one pulling a dinner train
Along the St. Croix river last century.
https://railpictures.net/photo/841909/
ipso facto @ 12:56 – That Face!
Good Grief! I’m eating. I think that face derailed my train.
Boy!?!
Now if the medical field could get a bunch of angry gold bugs to be just as mad about Covid they’d have to go in hiding and would straighten that mess up right away.