when u see NEM and KGC plus, but the AG shares pounded to oblivion, u see just how crazed the scum are…..why are they so scared……it’s not as if there are billions of us….then again there are potentially in China and India…….Keep this up and some smart Indian or Chinese analyst is gonna work out u can buy AG for a fraction of the spot price, by buying the shares.!!!!!
@Buygold
I bought 500 AG at the close at $5.33. Also before the close, I sold 2000 sh of NVD and swiped another $334 profit.
Mr. Copper, maddog
interesting take on AG’s volume today. I would have thought the volume would have been a lot heavier on this kind of move down, same with EXK as well. That might be a good catch on your part.
The fact that they are taking all the silvers to the woodshed and not just those two stocks seems fishy doesn’t it?
NEM is a stud today. KGC and AGI as well. I love how NEM is leading and throwing off the gold price.
I also like how we’re seeing some short covering in the metals here in the last hour. We’ve seen much worse action in the sector on a day when the SM is tumbling. The volume in SLV and GLD is below average, nobody is running for the exits, and surprisingly we haven’t given up all of yesterdays’ gains today, which is the norm.
The gold shares especially give me hope for higher metal prices. They don’t HAVE to go down during a big SM correction every time, especially since they’ve underperformed the SM for the last decade. Our biggest problem today is the dollar.
We’ll see what phony numbers and revisions come out of the Jobs Report tomorrow.
Just checked Endeavor chart
Classic 5 waves up from 1.45 lows….so now we do a 2nd wave down…to ?????
Once done we explode back up……as scum riders run for cover…..
Today will live in infamy …….what has been done today to AG stox is as outrageous as anything, seen so far
Then again they just tried to kill a Presidential candidate……they may wear suits …but that is the only thing that even gets them close to normal …..
Olympic Buzzkill
At the 1896 Summer Olympics, winners received a silver medal and the second-place finisher received a bronze medal. In 1900, most winners received cups or trophies instead of medals. The next three Olympics (1904, 1908, 1912) awarded the winners solid gold medals, but the medals themselves were smaller. The use of gold rapidly declined with the onset of the First World War and also with the onset of the Second World War.[5]
The last series of Olympic medals to be made of solid gold were awarded at the 1912 Summer Olympics in Stockholm, Sweden.
Olympic gold medals are required to be made from at least 92.5% silver, and must contain a minimum of 6 grams of gold.[6] All Olympic medals must be at least 70mm in diameter and 3mm thick.
Notice gold disappears right after 1913 and formation of the Fed Reserve! haha
Re Spot Gold Prices
Have any of you noticed two different spot gold prices? Like $2490 versus $2457.
Re Silver Miner First Majestic or AG
Today could be a final blow off bottom price. By looking at the daily volume bars you can see the volume is higher than normal today, and looking at the prior high volume day, it was followed by a decline.
I guess I spoke too soon
OOPS 😬
Other than AG & EXK
The metals and even the shares are doing OK considering the SM reversal and dollar strength. Gold especially. We usually get the post Fed day beat down.
But boy, AG & EXK are getting obliterated. Rightly so
ipso facto @ 20:15 re your The average family just doesn’t make enough to pay the current mortgage rates on a $600,000 dollar house.
I agree, and the minimum wage needed today to match the $2/hr in the early 1970s would be about $40/hour today.
Ipso
Really sad and heartbreaking for that girl. I can’t wait until the tranny in that match and the people that allowed this to pay the price.
They will pay a severe price. The elites that have pushed this on the world don’t have much longer before it catches up to them.
I thought transgenders weren’t allowed to compete in the Olympics?
“This Is Unjust!” Female Boxer Quits Olympic Match, Melts Down In Tears After Biological Male Brutalizes Her In 46 Seconds
FWIW
TGB (Taseko Mines) is predominantly a copper miner, had better than expected earnings (.07 vs.-.02) and is up some 5% in the pre-market.
Crimex not killing us
Surprisingly both metals moving up a bit now despite the stronger dollar. Nothing to write home about but still unexpected, at least by me. No doubt the scum will fight them today, but maybe there’s an underlying bid coming back in.
Digging deeper into AG’s earnings, they didn’t account for $20 million in silver they have in inventory. Looks like they are trying to circumvent the Crimex and do a lot of their own minting. If prices keep going up, they’ll be genius, if not, then goats.
EXK – seems to be shaking it off, down 1% now.
Ipso – no doubt, I don’t understand that. Silver has risen more in % terms. Tough to swallow for shareholders though.
What is the actual price where these guys make good profits? Maybe it’s $50 as you say, except their earnings were better at lower prices. Go figure.
Buygold
Profit wise the gold miners are sure kicking ass on the silver miners. I sure don’t know when the silver miners are going to start making decent profits! $50?
STLLR Gold Intersects 1.56 g/t Au over 62.30 m and 1.12 g/t Au over 99.40 m at the Colomac Main Deposit
https://ceo.ca/@newsfile/stllr-gold-intersects-156-gt-au-over-6230-m-and
NEVADA KING AND NV KING GOLDLANDS ANNOUNCE COMPLETION OF SPIN-OUT
https://ceo.ca/@newswire/nevada-king-and-nv-king-goldlands-announce-completion
Midland Discovers New Gold-Bearing Zones on the Willbob Project in the Labrador Trough
https://ceo.ca/@globenewswire/midland-discovers-new-gold-bearing-zones-on-the-willbob
Torq Announces Proposed US$48 Million Earn-In Option and Joint Venture Agreement with Gold Fields on Santa Cecilia Project
https://ceo.ca/@accesswire/torq-announces-proposed-us48-million-earn-in-option
Signal Gold Receives Crown Land Lease and Licence Offer for the Goldboro Project and Provides Permitting Update
https://ceo.ca/@accesswire/signal-gold-receives-crown-land-lease-and-licence-offer
Usha Resources Commences Fieldwork at the Drill-Ready Southern Arm Copper-Gold VMS Property
https://ceo.ca/@newswire/usha-resources-commences-fieldwork-at-the-drill-ready
Quimbaya Gold Announces Strategic Partnership for 100,000 Meters of Drilling
https://ceo.ca/@newswire/quimbaya-gold-announces-strategic-partnership-for-100000
First Majestic Announces Financial Results for Q2 2024, Increased Silver Inventory, and Quarterly Dividend Payment
https://ceo.ca/@newsfile/first-majestic-announces-financial-results-for-q2-2024
$4.7 Billion Eldorado Gold Enters Newfoundland Through Option Agreement with TRU Precious Metals
https://ceo.ca/@thenewswire/47-billion-eldorado-gold-enters-newfoundland-through
White Gold Corp. Encounters Highest Gold Values to Date and Doubles Strike Length of the Newly Discovered Gold-In-Soil Anomaly to 2.2 km on the QV Property and Prepares for Maiden Diamond Drill Program
https://ceo.ca/@globenewswire/white-gold-corp-encounters-highest-gold-values-to
Reyna Silver Acquires the Mineral Hill District Within the Gryphon Project and Provides Operation Update
https://ceo.ca/@accesswire/reyna-silver-acquires-the-mineral-hill-district-within
Golden Minerals Provides Corporate Update
https://ceo.ca/@businesswire/golden-minerals-provides-corporate-update
Desert Gold Preliminary Economic Assessment (“PEA”) Progress Update for SMSZ Project in West Mali, Africa
https://ceo.ca/@newsfile/desert-gold-preliminary-economic-assessment-pea
First Nordic Completes Acquisition of its 100%-Owned Oijärvi Project in Finland
https://ceo.ca/@newswire/first-nordic-completes-acquisition-of-its-100-owned
Cruz Announces Intent to Spin-Out the Hector Silver-Cobalt Project
https://ceo.ca/@newsfile/cruz-announces-intent-to-spin-out-the-hector-silver-cobalt
Silver Crown Royalties Announces Closing of $1,159,120 Subsequent Financing
https://ceo.ca/@thenewswire/silver-crown-royalties-announces-closing-of-1159120
Orosur Mining Inc Announces Colombia Update
https://ceo.ca/@accesswire/orosur-mining-inc-announces-colombia-update-33382
Signal Gold Announces 2024 Second Quarter Results
https://ceo.ca/@accesswire/signal-gold-announces-2024-second-quarter-results
LUNDIN GOLD REPORTS HIGH-GRADE MINERALIZATION AT FDNS AS PART OF ITS NEAR-MINE DRILLING PROGRAM
https://ceo.ca/@newswire/lundin-gold-reports-high-grade-mineralization-at-fdns
AGNICO EAGLE REPORTS SECOND QUARTER 2024 RESULTS – THIRD CONSECUTIVE QUARTER OF RECORD FREE CASH FLOW UNDERPINNED BY CONSISTENT, STRONG OPERATIONAL AND COST PERFORMANCE; UPPER BEAVER PROJECT STUDY SHOWS SOLID RISK-ADJUSTED RETURNS
https://ceo.ca/@newswire/agnico-eagle-reports-second-quarter-2024-results
Kinross reports strong 2024 second-quarter results
https://ceo.ca/@globenewswire/kinross-reports-strong-2024-second-quarter-results
Alamos Gold Reports Second Quarter 2024 Results
https://ceo.ca/@globenewswire/alamos-gold-reports-second-quarter-2024-results
SSR Mining Reports Second Quarter 2024 Results
https://ceo.ca/@businesswire/ssr-mining-reports-second-quarter-2024-results
Silver Hammer Announces Non-Brokered Private Placement of Units
https://ceo.ca/@thenewswire/silver-hammer-announces-non-brokered-private-placement
SILVERCORP COMPLETES ACQUISITION OF ADVENTUS
https://ceo.ca/@newswire/silvercorp-completes-acquisition-of-adventus-258c9
Anton Novak and the Anton Novak Alter Ego Trust Issue Early Warning Report in Connection with EnGold Mines Ltd.
https://ceo.ca/@newsfile/anton-novak-and-the-anton-novak-alter-ego-trust-issue-41291
Besra Gold Announces: June 2024 Quarterly Activities Report
https://ceo.ca/@newsfile/besra-gold-announces-june-2024-quarterly-activities
Generation Mining Receives Key Approval From the Federal Government
https://ceo.ca/@businesswire/generation-mining-receives-key-approval-from-the-federal
Omai Gold Mines Provides Exploration Update on Omai Project in Guyana
https://ceo.ca/@newsfile/omai-gold-mines-provides-exploration-update-on-omai
ArcWest Provides Exploration Update: Partner Funded Drilling is Scheduled for Multiple ArcWest Porphyry Copper-Gold Projects in 2024
https://ceo.ca/@newsfile/arcwest-provides-exploration-update-partner-funded-226c5
AG & EXK both reported big losses
Have no idea how, but their earnings are ugly. Looks like EXK lost a million hedging.
AG getting clocked for 5% premarket – surprised it’s not worse. EXK only down 3% or so.
Don’t know how these guys do it, but they seem to do it regularly regardless of the metals prices. Both have earnings that are WORSE than the same quarter of last year. Riddle me that folks.
On a positive note, silver is now up $.06 and gold only down $6. Surprising for now, we’ll see what happens on the Crimex.
London doing their thing
No surprises. London taking it to gold and silver. We aren’t giving it all back yet, but no doubt they’ll at least make a good dent. Gold getting hit harder down $16 as of now. Silver down $.14. Dollar bouncing back. The 10 yr got down to 4.05% yesterday. Still there this am, but guessing it bounces higher as well. SM futures mixed, QQQ’s up almost 1/2%, DOW flat.
There’s a bit of eco data out today, but don’t think it will matter either way.
So, the beat goes on, although from a little higher levels than a few days ago. Glad to see we popped above $2400 though, been a good week so far. Hope it stays that way, but won’t be surprised if it doesn’t.
BTW – Alamos Gold (AGI) also came out with earnings yesterday. I missed it. Nice beat for them $.24 vs $.19 estimates. Stock being rewarded early, up 3.7% premarket. That’s nice to see. AEM flat, KGC down 1% or so.
Gold Train
Yep, It’s real gold!
https://railpictures.net/photo/845654/