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Morning maddog
I love that chart. It shows everything a pm stock investor needs to know. Every rally is very short in duration – usually a year or less, usually around six months. OTOH, every pullback goes on for at least two years, but usually longer. The first few months of the pullback usually wipes out 50% or more of the move up and occurs within less than six months and then drags on for another two years before bottoming.
This current move down has wiped out 50% in a couple months.
What’s the takeaway? I’d say if we continue down for another month, it will wipe out all gains from the previous six months. Seems imperative that the pm shares turn higher right here, right now, and break above that downtrend line. Place your bets.
We are strengthening this am with the 9 am hour quickly approaching. $2650 has been breached. This sector needs some big moves up, pronto.
We’ll see.
Inventus Mining Provides Update on the Pardo Gold Project; Phase 1 Drilling Complete, Sampling and Assaying Underway
https://ceo.ca/@GlobeNewswire/inventus-mining-provides-update-on-the-pardo-gold-project
Hayasa Metals Announces Sale of 1.25% NSR over Urasar Mineral District, Armenia for US$1M
https://ceo.ca/@newsfile/hayasa-metals-announces-sale-of-125-nsr-over-urasar
Goliath Reports Multiple High-Grade Gold Intercepts Within Several Holes, Inclusive Of 130.14 g/t AuEq (4.18 oz/t AuEq) Over 1 Meter In Surebet Zone and 33.80 g/t AuEq (1.09 oz/t AuEq) Over 3.10 Meters In Bonanza Zone – Both Zones Remain Wide Open
https://ceo.ca/@GlobeNewswire/goliath-reports-multiple-high-grade-gold-intercepts
Shareholder Update: Review of 2024 and Outlook for 2025
https://ceo.ca/@thenewswire/shareholder-update-review-of-2024-and-outlook-for
Abitibi Metals Shares Year-End Letter with Shareholders: The Path Forward in 2025
https://ceo.ca/@thenewswire/abitibi-metals-shares-year-end-letter-with-shareholders
Aya Gold & Silver Reports Zgounder Near Pit and At-Depth High-Grade Silver Drill Results
https://ceo.ca/@GlobeNewswire/aya-gold-silver-reports-zgounder-near-pit-and-at-depth
LUCA BUYS BACK CONVERTIBLE DEBENTURE TOTAL CORPORATE DEBT REDUCED BY 39%
https://ceo.ca/@newswire/luca-buys-back-convertible-debenture-total-corporate
Troilus Reflects on a Transformative Year in 2024 and Looks Ahead to Project Development in 2025
https://ceo.ca/@GlobeNewswire/troilus-reflects-on-a-transformative-year-in-2024-and
Evergold Invites Parties to Partner with it to Advance its Flagship Golden Lion (Gold-Silver-Copper) and DEM (Gold-Antimony) Properties, BC
https://ceo.ca/@GlobeNewswire/evergold-invites-parties-to-partner-with-it-to-advance
Cabral Gold Reviews Progress During 2024 and Outlines Plans for 2025 at Cuiú Cuiú Gold District, Brazil
https://ceo.ca/@newsfile/cabral-gold-reviews-progress-during-2024-and-outlines
Mawson Provides Update on Spin Out of Uranium Assets, Name Change, Consolidation and SXG Scheme of Arrangement
https://ceo.ca/@accesswire/mawson-provides-update-on-spin-out-of-uranium-assets
Mawson Passes the Verification Process for Sustainable Exploration in Finland
https://ceo.ca/@accesswire/mawson-passes-the-verification-process-for-sustainable
Probe Gold Completes Acquisition of Stella Property in Val-d’Or, Quebec
https://ceo.ca/@GlobeNewswire/probe-gold-completes-acquisition-of-stella-property
Bravo’s Annual Letter to Shareholders
https://ceo.ca/@newswire/bravos-annual-letter-to-shareholders-3ece8
G Mining Ventures Receives Interim Environmental Permit for the Oko West Gold Project in Guyana
https://ceo.ca/@newswire/g-mining-ventures-receives-interim-environmental-permit
G2 Drilling Significantly Expands Mineralized Envelope at Oko Project; Guyana
https://ceo.ca/@GlobeNewswire/g2-drilling-significantly-expands-mineralized-envelope
Dryden Gold Provides 2024 Summary to Shareholders
https://ceo.ca/@newsfile/dryden-gold-provides-2024-summary-to-shareholders
P2 Gold Announces Convertible Debenture Interest Payment and Conversion Price Increase
https://ceo.ca/@newswire/p2-gold-announces-convertible-debenture-interest-payment
Gold Resource Corporation Announces $2.5 Million Registered Direct Offering
https://ceo.ca/@businesswire/gold-resource-corporation-announces-25-million-registered
MAS Gold Corp. Shareholders Overwhelmingly Approve Business Combination with Eros Resources Corp. and Rockridge Resources Ltd.
https://ceo.ca/@newswire/mas-gold-corp-shareholders-overwhelmingly-approve
Bluestone Obtains Final Order for Plan of Arrangement from the Supreme Court of British Columbia and Provides Transaction Update
https://ceo.ca/@newswire/bluestone-obtains-final-order-for-plan-of-arrangement
Falcon Oversubscribes Private Placement, Closes Final Tranche Total Proceeds Exceed $975,000
https://ceo.ca/@accesswire/falcon-oversubscribes-private-placement-closes-final
Lincoln Gold Acquires the Bell Mountain Gold-Silver Project
https://ceo.ca/@accesswire/lincoln-gold-acquires-the-bell-mountain-gold-silver
CEO.CA’s Inside the Boardroom: Lode Gold Receives TSXV Conditional Acceptance for Spinout Transaction
https://ceo.ca/@newsfile/ceocas-inside-the-boardroom-lode-gold-receives-tsxv
Goldflare Announces a Drilling Program on Goldfields and the Closing of a Flow-Through Private Placement
https://ceo.ca/@accesswire/goldflare-announces-a-drilling-program-on-goldfields
Fairchild Gold Corp. Advances Exploration at its Copper Chief Property and confirms Porphyry Rock outcropping on site
https://ceo.ca/@thenewswire/fairchild-gold-corp-advances-exploration-at-its-copper
Silver Storm Drills 847 g/t Ag.Eq Over 4.2 m Within a Broader Interval of 565 g/t Ag.Eq Over 7.2 m in C550 and 535 g/t Ag.Eq Over 2.5 m in San Nicolas, Extending Both Zones
https://ceo.ca/@businesswire/silver-storm-drills-847-gt-ageq-over-42-m-within
Results of Court Meeting and General Meeting for the Acquisition of Condor Gold plc by Metals Exploration plc
https://ceo.ca/@accesswire/results-of-court-meeting-and-general-meeting-for-the
[Video Enhanced] West Red Lake Gold Raises CND$50 Million of Non-Dilutive Capital
https://ceo.ca/@thenewswire/video-enhanced-west-red-lake-gold-raises-cnd50-million
ARGENTA SILVER ANNOUNCES COMMENCEMENT OF EXPLORATION AT EL QUEVAR
https://ceo.ca/@newswire/argenta-silver-announces-commencement-of-exploration
Zodiac Gold Inc. Announces High-Grade Channel Sample Results at the Todi Gold Project in Liberia
https://ceo.ca/@newsfile/zodiac-gold-inc-announces-high-grade-channel-sample
G2 Goldfields Announces Filing of Management Information Circular and Technical Report for Proposed Spin-Out of Non-Core Assets
https://ceo.ca/@GlobeNewswire/g2-goldfields-announces-filing-of-management-information-34ab8
Juggernaut Intersects 8.27 G/T AUEQ over 11.03 Meters on Eskay-Style VHMS Kokomo Target that Remains Open on Midas, Golden Triangle, B.C.
https://ceo.ca/@thenewswire/juggernaut-intersects-827-gt-aueq-over-1103-meters
Orogen Royalties Participates in BHP’s 2025 Xplor Accelerator Program
https://ceo.ca/@accesswire/orogen-royalties-participates-in-bhps-2025-xplor-accelerator
Benton Receives Best Gold Assay Results to Date at the South Pond Gold-Copper Zone
https://ceo.ca/@newsfile/benton-receives-best-gold-assay-results-to-date-at
Yep – Dollar now flat
Hasn’t wiped us out just yet, I guess because rates have come back in a little, although still positive.
Standby.
Try again
Gold up $9, silver up $.28, but back above $30.
Tough to be too confident about actually holding these early gains because the dollar has been creeping back up toward positive and rates are up another 2 bips or so.
PM shares are firm, but that is meaningless at this point in the morning.
Oil up 1/2%. Bitcoin down $1500 but still above $100K. SM is flat, with NVDA holding up the Nasdaq.
The big eco data today comes at 10 am EST, ISM services and JOLTS job openings. There’s a jobs report on Friday.
It would be nice to see us fly for a change while everything else goes in the crapper, but I’ve had that dream for a very long time.
