Patient, maybe. But trapped might be a better description; too far down to sell. I bought a lot of juniors, explorers, and penny stocks in the early 2000’s. I was never into it as a trader; more thinking I’d buy them cheap and see what happened. A few have done very well, some are still alive and seem to have a chance to do well, and a lot of them are alive and on life support. Several more are completely comatose; I guess I ought to look into them to see if it’s time to write them off. I did that with Sterling Mining after they filed Chapter 11 around 2010. Others are likely to follow, if they haven’t already
ipso @ 8:19
Ipso 17:14
I agree and even feel they should keep their business out of the media who then just side tracks with conspiracy theory’s. Yeah it was a tough week for me too and pain id only wish ony worst enemy. But I’m getting over it now just fatigue from it all.
goldielocks @ 14:23 re: Trump and Elon
Hopefully they can work it out. They are just too important for the country to be at odds. There are enemies enough foreign and domestic without creating new ones.
Quite a week we just had!
silver
…the battle of 36…
Shaking the tree
These guys are the masters.
Boring.
Ipso 8:25
Someone I know who said their arrangement probably wouldn’t work because they are two super egos. I’d say alphas because worthless people can be useless or destructive. I guess saving money included not forcing EV cars on the public or getting subsidy Musk didn’t like but Trump said he already knew that.
Also everyone knew about Trump hanging around Epstein in his younger wolf years and Epstein even knew his wives but Trump had women throwing themselves at him and could find his own women. That can be a Achilles heel in men and their ego that can me used to manipulate them. It could be a strength but also get them in trouble.
How many girlfriends or wives has Musk had and kids by them? At least they wanted kids and take care of them and not treating them like careless mistake dumping their responsibility not caring if they were left in the streets or starved like the Bidens.
Point is with the money to kick start the economy in the right direction and Musk thinking it undermines Doge.
How much money has Musk spent in space X? Did a ship that blew up stop him from making another till they understand more about the universe and money isn’t even the prime reason?
It’s same for the economy, it’s going to take money to make money. It’s not just throwing it away like the demos. It may not be perfect yet but going in the right direction back to the US economic production and trade schools for American skilled workers not economic absorbers not caring where it comes from and sovereignty through independence which our enemies and adversarys want to sabotage.
Shares bruised and battered
Although it looks like some of the large cap gold stocks are filling small gaps. NEM, KGC, etc. They never really got overbought so unless we’re going to collapse, I think they can be bought. JMHO
The dollar is working against us but not killing us.
Seems like the old jobs report playbook.
Sound Money Uprising Is Underway
It’s spreading like wildfire …
Make sure you are prepared for what is coming.
Cheers all
German industrial production decline
German economic model is simply broken. One doesn’t succeed in fast running tech world with industries from the last century, unions, green paranoia, bureaucracy and grotesque overregulation throttling innovation. Renovation of few bridges won’t change anything.
https://x.com/MichaelAArouet/status/1930898038039482772
Yields ripping higher too.
10’s almost at 4.49%
Last three months’ job revisions down – just like the old JB days.
Trump/Musk – let’s see who has best mastered the art of the deal!
Big breakouts all over the place yesterday …
… especially concerning silver drivers … which is vital if the bull is to kick into second gear.
Earlier in the week I posted the above chart suggesting bitcon had topped in relation to gold. This is what this chart looks like now.
Gold is breaking higher against bitcon – meaning gold is getting more liquidity – signaling the trend should continue. More important however, the GDX just put in a 5 wave advance against bitcon – confirming PM shares have truly joined the party.
And now, we also have the final element – silver – joining the party – as measured by the breakdown of the Gold/Silver Ratio back below 100 shown with an island top in the GLD/SLV Ratio.
Given it would not be surprising to see some backing and filling soon, these breaks are very encouraging signs new capital rotation events (CREs) are now in full swing – with silver now breaking above $35. A weekly close above this threshold today would be a major buy signal.
A break above $37 – quarterly based resistance – should bring an accelerated move to $50.
And silver won’t stop there.
Mornin all
Not sure why the SM is ripping
Seems pretty ridiculous, the numbers weren’t that good.
Don’t worry Ukrainians Zelensky is safe
Ukrainian Capital Burning After Heavy Russian Cruise Missile Strikes
Jobs Report
“Better than expected” 139K vs. estimates of 129K
SM seems to like it, bonds not so much as 10 yr. jumped to 4.46%
Dollar strengthening with the rising rates, back to the way it’s always been.
Metals yawn. They’ve got gold pinned down in premarket. Silver still strong but I’m not liking the looks of the shares, although if they smash them at the open like they often do, probably have to buy the dip.
LOL A headline from ZH
Détente? Musk Hints At Path Forward On BBB; Trump Team Schedules Friday Call
A shame about Trump and Musk
It was probably pre ordained. Musk is no politician. He is not one to hold back what he thinks.
BTW Musk is right about the “Big Beautiful Bill.” It keeps us firmly on the path toward eventual hyperinflation and the demise of the dollar.
Maya
Good luck in the Hawaiian arse kicking championship!
amals @ 21:35
I used to own Northern Dynasty many years ago. The environmentalists sure threw a wrench in their plans, but now with Trump in they may actually make some progress towards building a mine. If you still own it after all those years you are a really patient guy! Good luck!
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Formation Metals Retains StratExplo to Manage 20,000 Metre Multi-Phase Drill Program for the Advanced N2 Gold Project
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Gold Reserve Provides Update on CITGO Sale Process Schedule
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Mux Starting a New Chapter of Growth
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Silvercorp Files Form 40-F Annual Report
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Centerra Gold Publishes 2024 Sustainability Report
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BULGOLD Announces Non-Brokered Private Placement for Gross Proceeds of Up to $1 Million
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Bunker Hill Announces Closing of $31 Million Combined Equity Financings and Debt Settlements Along with its Major Capital Restructuring
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Trailbreaker Resources Announces Exchange Approval Of COHO Property Option
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Golden Pursuit Resources Announces $1 Million Private Placement
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K92 Mining Releases 2024 Sustainability Report: Delivering Sustainable Value
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PPX CLOSES THIRD TRANCHE OF CONSTRUCTION FACILITY AND PROVIDES CONSTRUCTION UPDATE
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NOVAGOLD Announces Full Exercise and Closing of Underwriters’ Option
https://pro.ceo.ca/@globenewswire/novagold-announces-full-exercise-and-closing-of-underwriters
GPS Increases Footprint in Australia
https://ceo.ca/content/sedar/NORR-2025-06-05-news-release-english-2aef.pdf
Defiance Silver Corp. Announces Upsize of the Brokered LIFE Offering and Non-Brokered Private Placement for Aggregate Gross Proceeds of up to C$14.5 Million
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Silver Storm Closes First Tranche of Brokered Life Financing for Gross Proceeds of $10,541,050, Including Investment by Eric Sprott
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Impact Silver Announces Closing of $5.2 Million Oversubscribed Non-Brokered Private Placement Financing
https://pro.ceo.ca/@newsfile/impact-silver-announces-closing-of-52-million-oversubscribed
Namib Minerals and Hennessy Capital Investment Corp. VI Announce Closing of Business Combination
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Brookmount Gold Announces Strong Gold Production Metrics for the Past Month
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Lincoln Gold Announces $1.2 Million Financing
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Enduro Completes Acquisition of Commander Resources Ltd.
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Canuc Establishes Independent Review Committee for Scadding Gold Mine
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Mammoth Announces Strategic Alliance and $750,000 Private Placement Financing
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Robex Resources commences ASX trading following A$120M IPO
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Aftermath Silver Makes Early US$1.5-million Property Payment to EMX Royalty Corp for Berenguela Project Ag-Cu-Mn, Peru
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Metals Creek Returns 1.52% Cu and 8.48 g/t Ag over 28.8m at the Tillex Copper Project
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Palamina Completes Transfer of the Gaban Gold and Ica Copper Silver Projects from Winshear Gold
https://pro.ceo.ca/@newsfile/palamina-completes-transfer-of-the-gaban-gold-and-ica
RT Minerals Corp. Completes Major UAV Magnetics Survey at Case Property, Ontario – High-Resolution Data to Guide Target Generation
https://pro.ceo.ca/@newsfile/rt-minerals-corp-completes-major-uav-magnetics-survey
Rottenstone Gold Inc. Issues Statement on Wildfire Activity Affecting Northern Saskatchewan
https://pro.ceo.ca/@thenewswire/rottenstone-gold-inc-issues-statement-on-wildfire
Blue Star’s Target Series: Roma Main Gold Prospect 2.0 km Strike Length, High-Grade, Drill Ready
https://pro.ceo.ca/@newsfile/blue-stars-target-series-roma-main-gold-prospect
Renforth Completes Field Work at Parbec Gold Deposit in Malartic, Quebec and Completes First closing of Private Placement
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Golden Rapture Announces the Completion of a Sampling Program to Test Newly Identified High-Priority Magnetically Active Areas of the Property
https://pro.ceo.ca/@newsfile/golden-rapture-announces-the-completion-of-a-sampling
Great Pacific Gold Intersects 7.0 m of 10.3 g/t Au Eq. at Wild Dog
https://pro.ceo.ca/@newsfile/great-pacific-gold-intersects-70-m-of-103-gt-au
Benton Discovers High-Grade Massive Sulphide and Gold at Dominion Lake, Expands Project near Calibre’s Marathon Mine
https://pro.ceo.ca/@newsfile/benton-discovers-high-grade-massive-sulphide-and-gold
West Red Lake Gold Bulk Sample Learnings Demonstrate Potential for Increased Tonnage and Contained Ounces
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maddog – Trump & Musk
I don’t know what’s going on with them. There’s speculation on X that it’s all a big setup for a multitude of reasons. Maybe it’s just a distraction from something else.
Whatever it is, they look like children.
We have the Minority Leader of the House, Hakeem Jeffries saying he’s going to doxx ICE agents so the Cartels know who they are. We have the EU and deep state traitors trying to get us further into war with Russia, we’ve got a multitude of other stuff that needs to be dealt with. This isn’t a game, although it sure feels like it is to all these idiots in D.C. while they suck the life out of our tax dollars.
I’ll tell you what we don’t have, arrests. Not a single arrest and we are closing in on 6 months. We don’t have Epstein docs. Politicians haven’t been named for stealing taxpayer money. There’s been no accountability.
Trump and the Repubs better pull their heads out of their asses or they’ll be in the minority in a year and a half. Honestly, that may be what they want, more impeachment theatre.
Sporting a $36 handle
Silver continuing this am up $.52. Gold sort of floundering up $6.
Dollar is stronger, rates down 2 bips. Bitcoin bouncing, up $2K. Oil down 1/2%. PM shares steady, no big moves like yesterday yet. Platinum and Palladium are ripping.
Bitcoin came back to $101K from the highs around $111. Crypto hasn’t done much lately while silver soars.
Gold/silver ratio now in the 93 range. With gold doing nothing silver would have to get to $42 for a GSR of 80.
Captain called the follow thru for silver today and so it is. We do have a Jobs Report, but they haven’t been a guaranteed smackdown like they used to be for a few months now. We’ll see how it goes. I’m not sure I trust it this am.
Maya
More good news from yr hip…You can now enter the Hawaiin arse kicking championship……