Loading ...Thats a boatload of rain.
No problem for you?
How high were the winds
Maya
My Weekend
Spent dealing with this:
Hurricane HONE passing south point of the Big Island. I’m under that big orange blob on the NE quadrant as it slams into Mauna Loa and dumps 22 inches of rain in 24 hours here. Several power outages overnight at my location. Ham radio works! Draining out today. We survived.
Maddog
yeah, there’s just no volume to carry some of this stuff across the finish line. They sort of bled GLD and SLV down slowly in the last 15 minutes. Volume was anemic today. Still, on light volume with the dollar up they could’ve have worked the metals over but they didn’t.
Don’t know what’s up with oil but I guess if the oil shares aren’t doing anything it might just be an opportune squeeze.
This is the week before Labor Day here on Monday. Looks like a lot of the scum may have headed toward the Hampton’s already. Seems they do that earlier and earlier every year. Used to be they’d leave on Friday. Might explain the lack of volume.
I expect by Tuesday next week we’ll get whatever the real trend is going to be.
How underfunded is the CA state pension system? Can they afford this?
California to Provide Subsidies of Up to $150K for Home Buyers – but Only If They’re Illegal Immigrants
Buygold
Earle is up over 3 % …but the Oil shares are not following…looks like the scum are active there as well.
The scum finally buckled
no looking back today.
Maya
There’s a lot of people climbing on board to the C-19 and injection. It becomes a puzzle where you have to put the pieces together. This one is the most thorough I know of even two yrs old out there. Very thorough. There are different batches not all the same. This is a crime that just keeps getting worse. They were given 10 billion ahead of time so what do they do, outsource. Contract the manufacturing out without monitoring the quality of substance. She shows all the toxic metals and more including graphene which BTW is not magnetic less tampered with and the magnetic beads linked to refrigerator magnets sticking. We know now some of the unidentified shaped objects were probably the nano particles about 31 minutes into it. I have to be up at 4 am my time for early trade wall street tile 3 hrs ahead so leave it there
This is one IMO that everyone should watch. I do hope Trump wins and places Kennedy in law not just for us but the world.
POS needs to be higher! per thesunshinekid
I heard the recent report from SRSRocco Report (Highly recommend a subscription, Link Below, I am Gold Member) regarding Silver Miners Cost of $Silver Production for 2nd Quarter 2024. In this report he used a weighted average for Silvercrest, Fresnillo, Pan American, Hecla, First Majestic and Endeavor Silver / The weighted average cost to produce an ounce of Silver was $26.86 / Silvercrest was by far the LOWEST at $18.65 / Hecla/First Majestic & Endeavor ($29.43) were the highest, all over $28.
TOP SILVER MINERS RECORD HIGH COST FOR Q2 2024: How Much Does It Cost To Produce Silver Now
NEM
has been positive all day. Could be worse signs than that.
Maddog @ 10:43
Sure the gov is going to give that cash back …………… in your dreams! 
Norway is a strange duck! … at least it sounds like their gov is halfway reasonable.
Missed oil
It’s up 3+% above $77. Bouncing between $70 and $80 for a while now
Gonna battle today
Dollar coming back in but tech is getting slapped around so they don’t want us to get out of hand.
Gotta take $30 silver back.
ipsofacto
Re taxing unrealised Capital gains……if the investment eventually turns into a loss, do they give u the tax back ?????……
Norway is weird a while ago they had such a surplus in the Oil fund, they had a referendum, asking if they should continue to pay income tax, as the funds wealth was so large, they didn’t need the money……they voted to continue paying !!!!!!
Just guessing
…..but it certainly feels like Silver is the Krptonite of the Cartel……….
A whiff of $30+, and as Captain alluded to, panic sets in from the Cretins…….
Oh ya …
… while you are at it … how in the hell is bitcoin still trading below 70k?
Again, I am getting sick and tired of telling you assh*les to get on the job here.
Remember, you don’t keep idiot traders occupied with this crypto crap they will start buying gold and silver again and the jig will be up.
You don’t get that crap back above 70k by the end of the week you will be on the Russian front so fast your nuts won’t arrive until Jerry Springer is back on cable.
Chuckle
Hey …
… what the hell is going on here … silver is trying to push above $30 again.
I am getting sick and tired of you a**holes sleeping on the job … so hurry up and tamp that sh*t down.
I better not have to tell you again or you will be getting drafted into the Ukraine army and sent to the front lines.
Chuckle
Who’s next?
Ghana starts gold purchase programme to strengthen currency
ACCRA, May 17 (Reuters) – Ghana has started a bulk purchase programme to buy gold locally to raise the gold component of its reserves, Central Bank Governor Ernest Addison said on Tuesday, in a bid to strengthen the cedi currency without increasing inflation.
“We have started a bulk purchase program, domestic, where we buy gold locally and try to raise the gold component in our level of reserves. This is where the currency focus is,” Addison said at a conference.
Ghana’s Vice President says he plans to adopt a new exchange rate regime linking the country’s currency to gold.
We will know after the election in December.
This would be the second country to do this.
We are watching dominos…
Maddog
Could be you’re right and we have to wait a while.
Dollar bouncing a little harder now. I still think at least the metals go up in the face of it. We’ll find out soon enough.
Eskay Mining Updates Summer Exploration Program and Company Plans
https://ceo.ca/@accesswire/eskay-mining-updates-summer-exploration-program-and
Orogen Royalties Announces Record Royalty Revenue and Profitable Q2-2024 Results
https://ceo.ca/@accesswire/orogen-royalties-announces-record-royalty-revenue-and-538f5
Founders Metals Increases Confidence in Regional Exploration Targets at Antino
https://ceo.ca/@newsfile/founders-metals-increases-confidence-in-regional-exploration
Tower Completes First Phase of 2024 Drilling Program at Rabbit North, Prepares for Larger Follow-Up Drilling Campaign in September
https://ceo.ca/@newsfile/tower-completes-first-phase-of-2024-drilling-program
Golconda Gold Ltd. Releases Financial and Operating Results for Q2 2024
https://ceo.ca/@globenewswire/golconda-gold-ltd-releases-financial-and-operating-9e2e4
Aura Minerals Updates its Long-Term Guidance
https://ceo.ca/@globenewswire/aura-minerals-updates-its-long-term-guidance
Halcones Precious Metals Closes Private Placement Offering
https://ceo.ca/@globenewswire/halcones-precious-metals-closes-private-placement-offering
Lundin Mining Announces Labour Agreement at Caserones Mine
https://ceo.ca/@newswire/lundin-mining-announces-labour-agreement-at-caserones-a929f
Majestic Announces Change In Use Of The Net Proceeds From Global Offering
https://ceo.ca/@thenewswire/majestic-announces-change-in-use-of-the-net-proceeds
Lake Winn Provides Update With Respect to its Private Placement and a Corporate Update on its Cloud Project, Flin Flon Gold Belt, Manitoba
https://ceo.ca/@thenewswire/lake-winn-provides-update-with-respect-to-its-private
BULGOLD Announces Filing of Second Quarter Financial Results for Three and Six Months Ended June 30, 2024
https://ceo.ca/@globenewswire/bulgold-announces-filing-of-second-quarter-financial-39af3
GAMCO Natural Resources, Gold & Income Trust Increases Monthly Distribution 33%
https://ceo.ca/@globenewswire/gamco-natural-resources-gold-income-trust-increases
Gold Mountain Announces Closing of $6.5 Million Financing
https://ceo.ca/@accesswire/gold-mountain-announces-closing-of-65-million-financing
Quimbaya Gold Inc. Strengthens Corporate Governance and Board Appointments
https://ceo.ca/@newswire/quimbaya-gold-inc-strengthens-corporate-governance
Lahontan Provides Corporate Update
https://ceo.ca/@accesswire/lahontan-provides-corporate-update
Decade Discovers New Copper-Gold-Silver Mineralization in a Breccia Zone on the Nobody Knows Portion of the Terrace Property and Provides Del Norte Update
https://ceo.ca/@newsfile/decade-discovers-new-copper-gold-silver-mineralization
Miata Metals Signs Earn-In Agreement to Acquire 100% of the Sela Creek Gold Project in Surinam
https://ceo.ca/@newsfile/miata-metals-signs-earn-in-agreement-to-acquire-100
G2 Goldfields Reports 2024 Year End Results and Files Revised NI 43-101 Technical Report for the OKO Project in Guyana
https://ceo.ca/@globenewswire/g2-goldfields-reports-2024-year-end-results-and-files
Buygold
We may have to wait a while until, punters return from holiday, before the PM stox really move, as the Algo’s which never sleep, only follow movement, rarely preempt it …
That said they remain a crazy buy here…..Gold is 4 times it’s previous record and the shares are half theirs !!!!!! Which if they just equal Gold means an 8 bagger !!!!!!!
Back on track?
Silver breaking back above $30 here early up 1%, gold up 1/2% with the dollar a smidge higher. Dollar is up against the Euro and Sterling but down against the Yen. Somehow, I suspect what matters is the Yen. Oil is closing in on $76. Bitcoin down 1% after being up 10% last week. Rates are down 2 bips. SM is up a little.
Hopefully we pass $30 silver and never look back and gold heads straight to $3K by year end. That would get some folks to pay attention.
The more I think about it, the more Rafi’ Farber’s thesis makes sense. The SM continues higher, but at a subdued pace while pm’s launch and the value of the SM falls against gold. If we are at the beginning of new QE and a falling dollar, his thesis makes a ton of sense, and we may not see a big SM correction. Gold just gets more valuable than everything else, including the over-inflated SM.
PM shares are strong at this early hour, the scum owes us some nice gains, even if the dollar flatlines or goes up a little, after subduing the metals against the dollar last week. We might be seeing a little of that today.
Agree with Captain, the juniors might start getting a little attention. The worm may have turned on them last week. Still though, we need to see some volume.