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https://x.com/FibSixOne8/status/1816098891781325137

They happen at will now……

What the hell happened a few months ago, when it looked like the metals were starting to break free?
The same old BS….

Captain Hook,
I wish I had your optimism and I commend you for it. My patience, after some 16+ years is gone…..it should have happened by now……..

Sorry for my pessimistic rant. I’m out…

Blatant theft. Austria, Billion dollar Agriculture organizations are asking for the genetic information of their vegetables and even beer. They want to then apply for patents to make it theirs.

Good for you but remember you need exercise too and I need to practice what I preach. As is I get frustrated trying to even type anymore. First because I hardly write all those years but on medical charts in a basic other language two because CMT effects the strength in my fingers too and the more typing the more numb they get and want to keep the dexterity I have even of weaker now that as far as typing can be a problem where I just want to give up on it.

Powell is under pressure by the usual over paid inflation clueless who never had real jobs in the real world but he presses on that his decisions are not political. I’m sure that could be argued by his pros and cons but has been steadfast when he sees a conversation heading in that direction. Common sense like Mr Copper mentioned combined with the sudden slowing of upward momentum and just hope we’re not nearing the first top of a roller coaster ride BTW do you know CPR just in case, says watch out.
If it does perhaps it won’t have too much effect with the September meeting soon following or perhaps hopeful thinking. Then we have the SM, if it drops too far in expected August market doldrums especially with one small group of stocks holding it up. Perhaps wall streets way of putting pressure on the Fed and look at some of the big players in the market. They’re not exactly thinking about best interest of this country.
So your guess is as good as mine.
I watched a bit of Powell the other day and he said Jackson Hole the people who attend pay people to write up their papers, argue in the morning and go hiking in the afternoon.
When asked if people try to get any information from them he said he doesn’t even go out to eat anymore. If he does they have to get a room so he mostly doesn’t go out to restaurants. I wonder if wall street hires people to follow them.

Home builders now have 102,000 completed, unsold homes sitting on their builder lots.

This is the highest level since 2009.

Chart

Captain – yup, we’re always waiting for something. The day sure went to hell in a hand basket. Playing its part as a “safe haven” again LOL. As soon as the dollar started to inch up, it was all over. Should be good for us if they cut, but I suspect we’ll be much lower by the time they cut. Today was not good for bulls.

deer79 – those are good numbers from NEM, they really are and should be an indicator of most of the other miners. Unfortunately, there’s a fair chance they sell it off for 5% tomorrow instead of it lighting up the whole sector. Nothing quite like this stuff is there?

Color me jaded.

Yes its a crazy world and yes if everything crashes soon, they will be inclined to cut. Another thought, if everything is in reverse, and we have a WW III New York City will be bombed like Londen and Berlin. You are not in the USA correct?

Gold production rose to 1.61 million ounces from 1.24 million a year earlier ( analysts had expected production of 1.56 million ounces).

On an adjusted basis, the company posted a profit of 72 cents per share for the April-June quarter, compared with analysts estimates of 62 cents.

The stock is trading up some 2% after -hours FWIW……We all know that shorts can continue to sell the shares short unfettered by any “call-ins” to deliver the stock….

In a sane world you would be right.

But insanity breeds insanity.

And the world is going crazy.

So, if stocks crash – they will cut and cut.

Cheers

I never played commodity futures, so I don’t watch the numbers relating to them. But with just my instinct, I myself don’t think the Fed can lower rates. If they do that, they will send all the inflation hedges even higher than they are already. If anything, maybe the Fed, because they already raised rates, are simply waiting for all the inflation hedges to drop on their own. Gold Silver real estate bitcoin energy etc etc.

As per my comments last week, watch the Fed cut rates next week – confirming the un-inversion of the yield curve – occurring as we speak.

This should be good for gold – but we may need to wait for futures deleveraging by long hedge funds before the rally re-ignites.

The liquidity matrix has caught covid today – with the 5-year auction seeing a huge tail.

Patience is key.

Cheers

I drink Pomegranate juice every day and just started drinking beetroot powder as well.

We’ve been reading the same stuff!

No volume in the stock today, which is a little surprising. Nobody willing to take on the Aladdin drip selling in advance of the numbers. can’t really blame them.

Nice start to the day turned into the same depressing crap it always does. SLV back towards the magnet of $26.50. Not sure why the strength at the open, no volume coming in.

Bummer, I thought we might have crossed the Rubicon.

Goldie – I don’t know what the Fed will do. I thought they would have cut already. The Bank of Canada just cut for the second time in a row. We’ll see. If you’re right and they don’t, everything will get crushed.

Silver can’t seem to get any traction, pulling gold down with it. Shares look great so far but they have a death grip on silver today.

on that long staircase for PM’s and other commodities , yet again .

but have we learned to sidestep the trap door up at the landing this time ?

I hope so too but I think if the Fed holds rates steady it all could dip for a few days which day traders might ready for on any run up till then but might recover so if there not quick and get greedy it will jerk that hook they’ll get caught up in. Just thinking what different scenarios could bring.

Going short a few days before I mean.

Pomegranate juice has shown to reverse artherscoerous in the arteries. Exercise as tolerated helps. Even more so getting real supplement pills with the whole fruit.

With the kids diet these days especially with food prices and lack of exercise with parents not wanting them outside much with the way things are and interactive video games with other kids replacing the play grounds I fear their gonna have problems early.

Taking my 11 yr old grandson to Game Stop a few days ago I was hearing complaints from the young about leg and hip pains. I wound up lecturing then about sitting in one place for long durations is the likely culprit and how it can not only weaken muscles and bones but could cause blood clots. It’s not just their eyes doctors have to watch out for but their whole body particularly their hips, joints and legs.

Money appeared to be moving heavily in our direction at the open. Aladdin has now stepped up its selling but very surprised that we weren’t whacked at the open with the SM. The dollar has turned down, so that’s a plus. Silver needs to get moving or it will hold everything else back with it. Shares look nice and firm.

How great would it be if the SM melted and we didn’t follow it, but rather rallied in the face of it?

Not off to the races, but not the usual drubbing with the SM. Let’s hope this will be a new trend.

I heard that too. Did you see this?  I guess they’re gonna have to bring in Judge Joe Brown. She ain’t black.

https://x.com/GuntherEagleman/status/1815323228945916234/mediaViewer?currentTweet=1815323228945916234&currentTweetUser=GuntherEagleman

New Cholesterol Guidance Could Drastically Reduce Statin Use

https://articles.mercola.com/sites/articles/archive/2024/07/24/new-cholesterol-guidelines-statin-use.aspx?ui=09b7454560037d166569311ff50475583934f51734945555465fc1eb69ded50e&sd=20100618&cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20240724_HL2&foDate=false&mid=DM1606041&rid=80191848

I’ve read that her family were slave owners in Jamaica.

CANTEX ANNOUNCES TEMPORARY HALT TO DRILL PROGRAM

KELOWNA, BC, July 23, 2024 /CNW/ – Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the “Company”) announces a temporary shutdown of exploration activity at its North Rackla project which is located within the traditional territory of the First Nation of Na-Cho Nyäk Dun (“FNNND”).

Cantex Mine Development Corp. Logo (CNW Group/Cantex Mine Development Corp.)

North Rackla Drilling Halt

As a result of the recent heap leach pad failure at Victoria Gold’s Eagle Mine, located 120km from Cantex’s project, the FNNND has requested a temporary pause to all mining and exploration occurring within their Traditional Territory.

The Department of Lands and Resources of the FNNND have requested this temporary pause to allow them to prioritize resources to deal with the ongoing impacts of the leach pad collapse which has been further complicated by several forest fires burning in the vicinity of the community.

Cantex has agreed to the request from the FNNND and has paused all drilling and exploration activities.

Our thoughts are with those affected by the spill and the forest fires, and we give thanks to the first responders and emergency support services who are working to contain both situations. Management looks forward to the continuation of the drill program in the near future and the results of the drilling completed to date.

About Cantex

Cantex is focused on its 100% owned 20,000 hectare North Rackla Project located 150 kilometers northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 kilometers of strike length and 700 meters depth. The mineralization remains open along strike and to depth. The Company is led by Dr. Charles Fipke, C.M., the founder of Ekati, Canada’s first diamond mine.

The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.

Signed,

Chad Ulansky

Chad Ulansky
President and CEO

https://ceo.ca/@newswire/cantex-announces-temporary-halt-to-drill-program

I just saw her talking and all of a sudden the Calif lib who acted to bail out rioters and looters to commit more crimes and behind the proposition to allow theft in stores to near a 1000 dollars without arrest causing stores the close everywhere suddenly has a black southern accent again. Another Biden story teller.