Putin last year September 2024
Accusing the United States of using Ukraine and other satellite countries of gaining up on Russia shows just just how close we came to WW111 before the election of Donald Trump. It didn’t look like he was too worried about Europe’s roll at the time. About a minute video.
Buygold
Stupid wall street trying to sell into it. As gold moves to the US maybe there’s a renewed interest in what’s going on with the prices. I heard but can’t verify that 1000 oz silver bars have a higher premium than lower weights because of the demand and availability.
If we closed here
it would be a great week.
Ligher volume and absorbing the move higher is good I think.
What a great transition from Monday’s bloodbath.
Ipso 10:42
They’re not just loose cannons who’ll turn on anybody and shouldn’t have the aircraft but can’t even take care of them. Their hopeless. Like failing companies losing investors money, they’re a on going concern.
Maddog @ 10:59
He lays awake at nights fearing their awesomeness!
ipso facto
Re Potcho’s……They are the ones that Vlad really shiites himself over…..such a fearsome fighting force.
Blowback … at least for now
JUST IN: Politico reports that Portugal’s defense minister has ruled out buying the F-35 fighter jet due to issues relating to ‘the recent position of the United States’ and concerns the US could ‘bring limitations to use, maintenance, components, and everything that has to do with ensuring that aircraft will be operational’
From the mouth of the beast?
Geiger Capital
@Geiger_Capital
Incredible note from Jared Woodard, the Head of Global Research at Bank of America:
He says the risks of Trump and Bessent’s plan are worth it, status quo is unsustainable.
That might take err 11ty years
In the Dutch Financial Times: repatriate the Dutch gold before Trump freezes it in economic warfare.
Surprised at the strength in the shares
Especially with the metals a little soft.
Nice when we go up regardless of what the SM does. We’ve waited an awful long time to see this.
They just engineered a dump to try to stuff silver again, but the way the shares are holding, it makes me wonder if the metals aren’t going to come back.
Buygold @ 10:20
I didn’t check the figures. “30,000 net short” does seem low. It is “net” so I dunno.
Relevant-KGC I seem to remember something about this but did not dig deep. Is Relevant a good one? Nice to have the backing of a major.
Ipso
Does that 30K short contract by JPM and UBS seem right to you? The COT report shows 100K short position on silver, that seems to be a steady level for the banks week in and week out. Is Columbo talking about something new?
Also – for you or anyone else? I see that KGC has taken a big position in Relevant Gold, do you know anything about it?
Silver would be …
… $382 … right now … if it didn’t trade during New York/Comex hours.
And if you go to CME you can see why today in spades as they added over 4k new contracts yesterday to keep the price contained. (and 25k for gold)
Metals Daily Exchange Volume & Open Interest – CME Group
Thing is, there are also idiots shorting record amounts of the silver in the EFTs (is it the banks?) – making for a truly explosive situation in spite of the usual rinse/repeat Comex cycle looking like it’s preparing for another go soon.
I don’t know what’s going on, but this has never happened before – so maybe the outcome will be different this time.
Silver only has $300+ worth of catching up to do.
Chuckle
@ Silverngold – RE: “Man in America” interview
Many thanks for posting this link – Much appreciated – I owe you one!
Plan to finish watching it over the weekend.
EU sending their “plentiful” funds abroad
€4.4 billion from the Global Gateway package will go to projects supporting a clean and just energy transition in South Africa.
It’s a significant first pledge in the context of the Scaling up Renewables in Africa campaign.
I hope it will inspire many others to contribute!
I love this story
One of the key factors keeping silver’s price suppressed over the past year, even as gold surged, has been the heavy short-selling of COMEX silver futures by swap dealers—primarily the trading desks of bullion banks such as JPMorgan and UBS. This was a deliberate effort to cap silver’s price (check out an egregious recent example of this kind of manipulation). In the process, they amassed a massive net short position of 30,233 futures contracts, equivalent to 151 million ounces of silver—nearly one-fifth of the annual global silver production. This staggering figure highlights the immense downward pressure exerted on the silver market.
What’s even more astonishing is how much of this massive short position in silver futures is naked, meaning it isn’t backed by physical silver. It’s merely “paper” silver being dumped onto the market to suppress prices. However, once silver finally breaks out, it could trigger a wave of short-covering—when traders who bet against an asset through short-selling are forced to buy it back as prices rise to limit their losses. As the price climbs, these traders become increasingly desperate to close their positions, further fueling the rally.
If the buying pressure is intense enough, it could even lead to a short squeeze, dramatically amplifying silver’s upward momentum. Given the sheer size of their short position, bullion banks stand to lose approximately $151 million for every $1 increase in the price of silver—a setup for a major price surge. Now, just imagine what will happen as silver climbs by $5, $10, $20, and beyond from this point.
https://www.zerohedge.com/precious-metals/why-its-silvers-time-shine-now
Barrick Focuses on Future Growth and Sustainable Value Creation
https://ceo.ca/@GlobeNewswire/barrick-focuses-on-future-growth-and-sustainable-value
Maritime Drills 19.9 gpt Gold over 17 Metres, Including 32.2 gpt Gold over 10 Metres at the Hammerdown Gold Project
https://ceo.ca/@newsfile/maritime-drills-199-gpt-gold-over-17-metres-including
First Mining Announces Agreement with First Majestic Silver to Accelerate Final Springpole Silver Stream Payment and Amend Warrant Terms
https://ceo.ca/@newswire/first-mining-announces-agreement-with-first-majestic
Mirasol Resources Announces Shareholder Loan Transaction
https://ceo.ca/@GlobeNewswire/mirasol-resources-announces-shareholder-loan-transaction
Wallbridge Commences Drilling at Martiniere
https://ceo.ca/@GlobeNewswire/wallbridge-commences-drilling-at-martiniere
Dundee Precious Metals Announces Renewal of Normal Course Issuer Bid
https://ceo.ca/@GlobeNewswire/dundee-precious-metals-announces-renewal-of-normal-b3aad
Patagonia Gold Provides Update on the Development of the Calcatreu Project
https://ceo.ca/@GlobeNewswire/patagonia-gold-provides-update-on-the-development-of
Collective Mining Announces Investment and Early Exercise of Warrants by Agnico Eagle for Gross Proceeds of C$63.4 Million
https://ceo.ca/@newswire/collective-mining-announces-investment-and-early-exercise
New Gold Announces Expiration and Results of its Tender Offer for its 7.50% Senior Notes due 2027
https://ceo.ca/@newswire/new-gold-announces-expiration-and-results-of-its-tender
Giant Mining Corp. Mobilization for March 2025 Drill Program at Majuba Hill Copper-Silver-Gold Project, Nevada
https://ceo.ca/@thenewswire/giant-mining-corp-mobilization-for-march-2025-drill
Bunker Hill Announces Amendment of Outstanding RSUs
https://ceo.ca/@GlobeNewswire/bunker-hill-announces-amendment-of-outstanding-rsus
Equinox Gold Announces Filing of 2024 Audited Financial Statements
https://ceo.ca/@newsfile/equinox-gold-announces-filing-of-2024-audited-financial
Wheaton Precious Metals Announces Record Revenue, Adjusted Net Earnings and Operating Cash Flow for 2024
https://ceo.ca/@newswire/wheaton-precious-metals-announces-record-revenue-adjusted
Wallbridge Provides Results of 2024 Drilling Program on Detour East Property
https://ceo.ca/@GlobeNewswire/wallbridge-provides-results-of-2024-drilling-program
Relevant Gold Closes Second Tranche of Upsized $8.5 Million Non-Brokered Private Placement Led by Strategic Investors Kinross and Bollinger
https://ceo.ca/@accesswire/relevant-gold-closes-second-tranche-of-upsized-85
Star Royalties Highlights Copperstone Project Economics and Stream Valuation
https://ceo.ca/@accesswire/star-royalties-highlights-copperstone-project-economics
Lion Copper & Gold Regains Critical Water Rights for Yerington Copper Project
https://ceo.ca/@newsfile/lion-copper-gold-regains-critical-water-rights-for
Falcon Gold Corp. Unveils High-Resolution Images of First Two Drill Holes from Late 2024 Exploration Program
https://ceo.ca/@newsfile/falcon-gold-corp-unveils-high-resolution-images-of
Orestone Prepares for AirMT Survey at Captain Gold Porphyry Project, BC
https://ceo.ca/@newsfile/orestone-prepares-for-airmt-survey-at-captain-gold
Flow Metals Updates Projects and Settlement Agreements
https://ceo.ca/@newsfile/flow-metals-updates-projects-and-settlement-agreements
Borealis Announces Closing of Gold Bull Resources Acquisition
https://ceo.ca/@newsfile/borealis-announces-closing-of-gold-bull-resources-acquisition-e4259
Vox Royalty Provides Development Updates and Approval of 2025 Share Repurchase Program
https://ceo.ca/@accesswire/vox-royalty-provides-development-updates-and-approval
Orezone Gold Completes C$35 Million Bought Deal Financing
https://ceo.ca/@GlobeNewswire/orezone-gold-completes-c35-million-bought-deal-financing
Velocity Acquires Copper-Gold Exploration Property in Northern Greece
https://ceo.ca/@newsfile/velocity-acquires-copper-gold-exploration-property
Xtra-Gold Announces 2025 Normal Course Issuer Bid and Results of 2024 Bid
https://ceo.ca/@newsfile/xtra-gold-announces-2025-normal-course-issuer-bid-and
Ridgeline Minerals Announces Remaining 2024 Drill Results and Provides 2025 Budget Guidance for the Swift Project, Nevada
https://ceo.ca/@newsfile/ridgeline-minerals-announces-remaining-2024-drill-results
Opawica Explorations’ Bazooka Project: A Key Potential Asset in Abitibi Gold Rush
https://ceo.ca/@thenewswire/opawica-explorations-bazooka-project-a-key-potential
Silver X Mining Announces Closing of Brokered Private Placement for Gross Proceeds of C$3.5 Million, Which Includes A Lead Order By Palisades Goldcorp Ltd.
https://ceo.ca/@accesswire/silver-x-mining-announces-closing-of-brokered-private
Nevada Sunrise to Leverage VRIFY’s AI-Assisted Mineral Discovery Platform at the Past-Producing Griffon Gold Mine Project, Nevada
https://ceo.ca/@newsfile/nevada-sunrise-to-leverage-vrifys-ai-assisted-mineral
Tower Contracts Diamond Drill to Fine-Tune the High-Grade Blue Sky, Thunder, and Thunder North Gold Discoveries in Preparation for a Larger, 3000-m Test of the Overall Rabbit North Gold System
https://ceo.ca/@newsfile/tower-contracts-diamond-drill-to-fine-tune-the-high-grade
Royal Gold Provides 2025 Guidance for Sales, DD&A and Effective Tax Rate
https://ceo.ca/@businesswire/royal-gold-provides-2025-guidance-for-sales-dda-and
One man’s opinion
Course, he’s using charts. OTOH, what else is there in this tough little market?
I myself looked at some pm share charts, and boy do some of them look ready to explode.
https://www.zerohedge.com/precious-metals/why-its-silvers-time-shine-now
The battle begins
We had $3K and $34 but we’ve lost it temporarily. GLD, SLV and the shares are all up in the pre-market. Shares especially.
SM trying to bounce off its oversold position, but lately the bounces don’t stick so well.
Dollar down a little.
Looking forward to the break of $34-$35 area so we can truly launch this rocket.
There was no war of the machines today, maybe because it’s Friday. Slow and steady is better than short term panic buying that doesn’t last I hope.
AU…Not a blow off yet…not by a long way
This is a Yearly chart of Au on Log chart….the current rally is not anywhere near as fast as previous ones….though the scum didn’t exist in the
past….that said there is no blow off action yet.