I agree, and I also think most of the better performing miners are also under priced except maybe AGI. By the way Gold is up overseas $16 more, to $2484.
Mr.Copper @ 18:29
Yes that is what usually happens, the juniors run last … but it seems to me they are seriously undervalued at this point. A bit of M+A activity should show their true value.
goldielocks @ 18:04
I am behind Elon all the way. CA is overstepping it’s authority!
@ipso facto re your “metals move bigly but the juniors hardly move”
I was getting the Dinesletter in the 1970s. After all the normal bigger cap producers get very very expensive, then the public drives into the cheapest things available, driving them up thousands of percents. They will be the last ones to go up. If history repeats itself.
Ipso 17:20
Now that establishment needs to be taken down. Signing your kid up for school is not signing away your parental rights. That just attracts the wrong kind of people and that’s just what it did.
That’s his greatest concern? Thee constitution gets in their way
Biden and his cronies are going to announce a plan to limit the supreme court and invoke term limits. Is that supposed to be another threat?
Goodbye California
“This Is The Final Straw”: Musk Announces SpaceX Moving From CA To Texas After Newsom Passes Anti-Parent Gender Law
Elon Musk on Tuesday announced that SpaceX headquarters will be moving from California to Texas, after California Governor Gavin Newsom (D) signed a law which bans schools from notifying parents if their child identifies as transgender.
Rates down to 4.16%
Market betting Trump will get them down?
Ipso
They’ll get going. It doesn’t even seem like pm’s are on anyone’s radar yet here in the US. We haven’t seen momentum players come anywhere near us yet. It might’ve started when gold ran up to $2430 the first time and silver $33 but then they came in and crushed us and scared everyone out. I’m sure they thought same old. I doubt there’s even 1/2% of portfolio assets in pm’s. If we can put together a run that lasts for awhile with some big moves like today then maybe they come in. Really need to see a $100 up day. It may be coming. Never know. 🤔
That thing you posted about Trump and the feminist is so funny but so true. 99% of women are attracted to strong males. I suspect that’s why we have so many angry, screaming women. The roles are no longer defined. Most women want to be taken care of. Neither men or women know how to act or what to expect from each other. It’s a pox on the western society.
Ipso
Well I’m glad the Armstrong computer event didn’t stop the PMs this week or Trump he he.lol
Nice close
They let us have 2% in gold for the first time in awhile – silver too. Dollar closed at the lows. HUI closed near the highs.
Hopefully we don’t give it back tomorrow, Gold broke out and they don’t like seeing that so…
Buygold @ 14:42
Yeah I agree. It’s a strange market when the metals move bigly but the juniors hardly move at all, even ones that have proved up resources. The market sure moved differently in “the olden days.” I think bitcon is partly to blame … some of the risk money went there instead. Plus people get tired of being pummeled by the rig, I know I am
Patience will be rewarded someday … someday soon hopefully!
“Anyhoo, let’s kick in some $100-$200 up days”
I’m grokking!
Cheers
Gold Has Made A New All Time High Today
The prior highs were around $2450, right now it up $40 at $2469. Naturally its going to get into the $2500s soon.
Yeah Ipso
I watch a few of the ones that you and deer79 have mentioned. Your Mawson jumped like the day after you bought it but seems to be stuck around $.50. Snowline has been stuck around $4.
I think this sector is pretty foreign to the 30 & 40 something investors and a lot of folks that played in previous years have thrown in the towel. Something I should have done years ago. This is definitely different than it was in 2001 from that perspective, and money has been really slow coming into the whole sector. I guess we can credit the rig for that.
I don’t doubt that these juniors will catch a bid eventually, but we might need to see some big jumps in the metals, a tech and Bitcoin meltdown where pm’s actually go up, something that screams “Buy PM’s!!” Even if we look at the large caps, they are still ridiculously cheap compared to previous runs and not anticipating higher earnings. Royalties have done the best.
Anyhoo, let’s kick in some $100-$200 up days and see what things look like at $4-5K. 🙂
@Captain Hook
I keep hearing we, the USA will produce our own needs in the future. What country are you from? P.S. imo the USA has been under the boot since our economic peak in 1970. Its been a long down trend. Most countries have been doing ok since the end of WW II.
Only after 2008 are they going down. The USA has been going down since 1970. I think its USAs turn to prosper which has already started. Besides that we supposedly have the most gold. This could explain why they haven’t been bashing it.
Mr.Copper @ 12:55
You actually have it backwards, buy hey, you are a fortunate American – lucky to be alive during the best time in history for an average pleb so it’s understandable you think that way if you have never been under the boot.
BRICS countries have at one point, or another, been colonies of Western superpowers providing cheap commodities to their masters for next to nothing. And many third world countries still are.
But now these ‘colonies’ (third world economies) are waking up to how the West has duped them all these years and are now demanding more (worthless fiat currency – and soon – gold backed currency) for their valuable national treasures and work.
Can’t blame them.
Anyway, not trying to be controversial – just accurate.
Gotta go
Buygold @ 11:49
“the juniors are on deck”
I dunno amigo … for today they seem more like a 10yo kid sittin in the stands thinking he’d like to play pro ball someday! Sheesh
@Captain Hook re The commercial short in silver is a record
Re your:
“Thing is, they are up against the Chinese, Russians, and BRICS this time – with their combined population and economies now eclipsing the West increasingly.”
The west? I don’t know how my thoughts fit in with what you said. But in my view, many countries that have for decades, sucked wealth away from the USA will certainly be getting less. After Trump and company take over.
Even Europe which is part of the west, will also be cut off. Thats why nobody on the planet wants Trump and all the new ways he promotes.
FWIW…
IMO, an interesting take on what happened in PA the other day.
Yes, unrelated to the prices on my stacks and stocks, but for how long will it remain unrelated?
https://x.com/Squawk55/status/1812651095287865834
Buygold @ 11:30
The commercial short in silver is a record, so da boyz are desperate to keep it contained.
Thing is, they are up against the Chinese, Russians, and BRICS this time – with their combined population and economies now eclipsing the West increasingly.
So, they are not like the schoolgirls that populate Comex specs going up against Western banks.
And they are removing all the physical.
The BRICS gold backed token is a very big deal and those who intend to participate need to be in position for the kickoff – or at least well on their way.
The big meeting is in Russia in October so the rally should last until September.
A September high like in 2011, along with weak stocks possibly (causing liquidity problems), could trigger a big correction for several months at that time.
So hang on to your panties girls and boys.
Quite the ride coming.
Chuckle
Some of the laggard’s are in play
GFI, GOLD, AG and some others
Good to see a rising tide lifting all boats. Hopefully the juniors are on deck.
FYI Nat Gas Long etf BOIL
I have played this one, it moves fast so tread lightly. I suspect a bottom here. Note the high volume bar on lows yesterday, also notice the high volume bar on the May highs.
FYI re DRD Up 10% Today
I’m finally back in the money on that one. I started buying it all thru 2021 and bought more again in May and July. Note the high volume bar in June.
Captain
I see. Looks like we’re heading towards $32 so ya never know. The shares seem to be saying all systems go.
I saw the last COT Report. No idea whether they are real info, but it seemed like the non-commercials were a lot more balanced in their positions. Maybe trying to thwart some of the dumps while maintaining their long positions.
Who knows, just hope we start to see much higher prices. Tech may be making a slow moving top. Just a hunch. 🤔