Silver did well, the shares held up. Gold still above $3300, and silver looking to seriously challenge $37.
Hope everyone has a great 4th!
Silver did well, the shares held up. Gold still above $3300, and silver looking to seriously challenge $37.
Hope everyone has a great 4th!
Re BBB
Surely they will just be target practice……
I thank you guys for the added interesting input about Switzerland and its Frank.
This same technology is being erected in cities throughout America. They are now putting it at the border, too, and it will all be integrated into one big beautiful surveillance system. Nobody will be going anywhere without their movement being tracked.
Your car will be tracked, your phone will be tracked, your face will be tracked, even your gait will be analyzed and tracked. It’s all available to law enforcement in real time. In theory at least, these “tools” give law enforcement the ability to see and stop crimes before they happen, like in the Hollywood film Minority Report. In reality, it establishes an Orwellian police state where privacy is a quaint idea associated with “old think.”
Below is a photo I took of black surveillance tower, a type of which has been popping up over the last couple of years all over the small city of Newnan, Georgia, near where I live.
How wonderful.
Thanks Donald
“it’s all Kabuki these days”
It truly is brother. You’re right, a few years ago we would be getting slaughtered.
$30 in gold doesn’t seem too bad anymore. I’ll take down 1% on a day of manipulation like this anytime. It will be really something if silver manages a positive close. What’s the say about silver on a day when the other metals are getting spanked?
In the old days, when the Comex fractional scam was still well supplied with physical, gold and silver would be down large off the fake reports.
Now everyone knows the reports are fake and the cabal is quickly running out of physical.
Look what the military is reduced to these days. The Kabuki wars are put on hold (because the banking cabal controls both sides – because the upper ups on both sides of whatever war are on the take) in order for them to resupply slowly so as not to cause a run on strategic commodities.
What a world we live … it’s all Kabuki these days.
Today is a big win for the good guys and an indication of what is coming, and they are scared crapless.
Cheers all
It goes up now for any reason, good or bad.
I’m glad silver is holding up and the shares are being dragged along by the SM.
Still ridiculous though.
edit: good battle over the 50 dma on GLD, I thought for sure they’d bust that back down through it, also thought they’d take HUI back below 420 on the week. They keep trying but silver is holding the line for us.
Platinum getting the stuffing beat out of it. Live by sword, die by sword I guess. Palladium hit pretty good too. Why is silver hanging tough?
But it appears the markets and silver especially are calling B.S.
Dollar is fading, gold inching back, pm shares being bought.
This reaction is unexpected. I’ll be stunned if it lasts.
What a bunch of BS those BLS (BS) reports are … look at this report … how can the same reports exist in the same country?
‘Deep TriState’ Layoffs Leave Continuing Jobless Claims ‘Stuck’ At Highest Since 2021 | ZeroHedge
Continuing jobless claims were flat at 1.964mm Americans – the highest since Nov 2021…
Something tells me somebody’s lying again.
Maybe that’s what the L stands for … chuckle.
Mornin all
Payrolls beat 147K vs. 139K estimates.
I’m pretty sure everyone was expecting a miss after the ugly ADP Report, but they pulled a fast one.
Dollar soaring, rates jumping, SM goes up no matter what happens, blah, blah, blah
Silver is kind of hanging in there surprisingly, but gold is toast. So are the shares.
Silver Storm Closes the First Tranche of Its Non-Brokered LIFE Financing for Gross Proceeds of $3.87 Million
https://pro.ceo.ca/@businesswire/silver-storm-closes-the-first-tranche-of-its-non-brokered
Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss Deposit
https://pro.ceo.ca/@newsfile/goldshore-intersects-427m-of-109-gt-au-at-the-eastern
McFarlane Intersects High-Grade Gold 200 Meters Below Surface at Its McMillan Mine Property – Recent Geophysics Reveals Off-Hole “Superconductor”
https://pro.ceo.ca/@accesswire/mcfarlane-intersects-high-grade-gold-200-meters-below
OROCO CANCELS PRIVATE PLACEMENT
https://pro.ceo.ca/@globenewswire/oroco-cancels-private-placement
Erdene Enters Agreement to Acquire Tereg Uul Copper-Gold Porphyry Prospect
https://pro.ceo.ca/@globenewswire/erdene-enters-agreement-to-acquire-tereg-uul-copper-gold
Mako Mining Acquires Elevation Gold Mining Debt and Provides Corporate Update
https://pro.ceo.ca/@accesswire/mako-mining-acquires-elevation-gold-mining-debt-and
Dios Sells K2 to Azimut
https://pro.ceo.ca/@newsfile/dios-sells-k2-to-azimut
Harvest Gold Announces Non-Brokered Private Placement
https://pro.ceo.ca/@thenewswire/harvest-gold-announces-non-brokered-private-placement-eafe5
Argyle Resources Corp. Announces Filing of 21 Mineral Lode Claims In Crook County, Wyoming
https://pro.ceo.ca/@newsfile/argyle-resources-corp-announces-filing-of-21-mineral
Lake Victoria Gold to Issue Shares to Pay Debenture Interest
https://pro.ceo.ca/@newsfile/lake-victoria-gold-to-issue-shares-to-pay-debenture
Gold Reserve Announces US$7.382 Billion Citgo Bid Recommendation
https://pro.ceo.ca/@businesswire/gold-reserve-announces-us7382-billion-citgo-bid-recommendation
Walker Lane Resources Ltd. Receives Positive Results from Airborne Geophysical Surveys and Geological Mapping Completed by Coeur on the Silverknife Property, BC and also are Clarifying Details Related to their recent Nevada Transactions
https://pro.ceo.ca/@globenewswire/walker-lane-resources-ltd-receives-positive-results
Western Metallica Announces Share Consolidation
https://pro.ceo.ca/@businesswire/western-metallica-announces-share-consolidation
Core Silver Announces Closing of Non-Brokered Private Placement
https://pro.ceo.ca/@accesswire/core-silver-announces-closing-of-non-brokered-private
Wheaton Precious Metals Announces Return of $1 Million Future of Mining Challenge to Foster Innovation in the Mining Industry
https://pro.ceo.ca/@newswire/wheaton-precious-metals-announces-return-of-1-million
First Andes Silver Clarifies News Release
https://pro.ceo.ca/@newsfile/first-andes-silver-clarifies-news-release
Teuton Announces Commencement of 2025 Drilling Program At Treaty Creek
https://ceo.ca/content/sedar/TUO-2025-07-02-news-release-english-48e6.pdf
Goliath Clarifies News Release Issued This Morning
https://pro.ceo.ca/@globenewswire/goliath-clarifies-news-release-issued-this-morning
Alma Gold Amends Terms of Previously Announced Private Placement
https://pro.ceo.ca/@newsfile/alma-gold-amends-terms-of-previously-announced-private
Nord Precious Metals Crews Complete 68th Test Pit at High-Grade
Castle Silver Mine, Discover Extensive New Tailings Deposit
https://ceo.ca/content/sedar/CCW-2025-07-02-news-release-english-eff8.pdf
Kibali, Africa’s Largest and Greenest Gold Mine, Continues to Deliver Growth
https://pro.ceo.ca/@globenewswire/kibali-africas-largest-and-greenest-gold-mine-continues
Cameo Completes Initial Due Diligence of the Katoro Gold Property in Tanzania
https://pro.ceo.ca/@thenewswire/cameo-completes-initial-due-diligence-of-the-katoro
Beauce Gold Fields Launches Drill Campaign Along the Antiform Saddle Reef Structure
https://pro.ceo.ca/@thenewswire/beauce-gold-fields-launches-drill-campaign-along-the
Forge Resources Discovers New Visible Gold Occurrences in Phase 1 Drilling at Alotta, Yukon
https://pro.ceo.ca/@newsfile/forge-resources-discovers-new-visible-gold-occurrences
Golden Rapture Mining Announces Bonanza-Grade Gold Results
https://pro.ceo.ca/@newsfile/golden-rapture-mining-announces-bonanza-grade-gold
Pacific Bay Minerals Ltd. Announces $2 Million Private Placement to Advance Pereira-Velho Gold Project in Brazil
https://pro.ceo.ca/@newsfile/pacific-bay-minerals-ltd-announces-2-million-private
Kingfisher Announces Drilling is Underway at HWY 37 Project, Golden Triangle
https://pro.ceo.ca/@accesswire/kingfisher-announces-drilling-is-underway-at-hwy-37
Orecap Updates on Its Portfolio Companies
Awale, American Eagle, XXIX and Others
https://ceo.ca/content/sedar/ORX-2025-07-02-news-release-english-7529.pdf
Exploration Work Advances on Bousquet, Bodo, and Langlade Projects
https://pro.ceo.ca/@newsfile/exploration-work-advances-on-bousquet-bodo-and-langlade
Nordique Resources Provides Corporate Update and Outlines Exploration Program for Isoneva Gold Project, Finland
https://pro.ceo.ca/@thenewswire/nordique-resources-provides-corporate-update-and-outlines
First Andes Silver Successfully Intercepts San Jorge Epithermal Vein in First Drill Hole Completed to Target Depth at Santas Gloria Project, Peru
https://pro.ceo.ca/@newsfile/first-andes-silver-successfully-intercepts-san-jorge
Silver North Updates Previously Announced $2.1 Million Private Placement
https://pro.ceo.ca/@thenewswire/silver-north-updates-previously-announced-21-million
NORTH ARROW COMPLETES 66 HOLES IN 22 DAYS DURING FIRST PHASE OF THE 2025 RC DRILLING CAMPAIGN, KRAAIPAN GOLD PROJECT, BOTSWANA
https://pro.ceo.ca/@newswire/north-arrow-completes-66-holes-in-22-days-during-first
Trifecta Gold Announces Commencement of Drilling at Mt. Hinton, Yukon and Warrant Exercise
https://pro.ceo.ca/@accesswire/trifecta-gold-announces-commencement-of-drilling-at
Aton Reports the First Results From Its Phase 3 RC Drilling Programme at the Semna Project, Including 14.33 g/t Au Over an Interval of 9 metres and 10.74 g/t Au Over 6 metres
https://pro.ceo.ca/@accesswire/aton-reports-the-first-results-from-its-phase-3-rc
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-in
https://pro.ceo.ca/@newsfile/kenorland-minerals-and-auranova-resources-report-drill-fe534
EAGLE ROYALTIES AND SUMMIT ROYALTY EXECUTE DEFINITIVE AGREEMENT FOR REVERSE TAKEOVER OF EAGLE ROYALTIES
https://pro.ceo.ca/@newswire/eagle-royalties-and-summit-royalty-execute-definitive
They’ve knocked us back below $37. Gold down $10. Probably because they’re hitting plat and pall. Still, unless they really take us to the woodshed today it’s been a good week.
We’ll see how they react to the eco data in a couple hours.
There was another reason for the SFr being so strong…banking secrecy….once you opened an account , there was no way anyone could find out what was in it…including tax authorities. So anyone with serious cash, had a good chunk in Switzerland…..and not too many…like no questions were asked as to where it came from/was made etc……
That was all destroyed after 9/11, when the US demanded, they open up accounts and stopped opening new ones….
Silver all the rage this morning, up $.47 and sitting at $37.08. Gold is flat. Hopefully this is the big break we’ve been waiting for in silver and new highs are on the way. I doubt it because they always fight silver tooth and nail, but ya never know, maybe we’ll breach and never look back.
SM up a little. Dollar flat. Rates down 3 bips. Bitcoin up another 1/2% after a huge day yesterday. Oil down near 1%
PM shares are mixed, but they hardly trade at this early hour.
A ton of eco data today that could change everything though. Looks like the jobs report will come out a day early because of the holiday tomorrow. Also have weekly jobs and ISM and PMI services. Do we get the usual jobs report beatdown is the question.
A self-winding calendar watch , stainless steel case , for $35 , brand new . I still have it somewhere in a drawer , I think .
The same watch today sells for $5600.00 … 160 X , WOW !
At that time , the US dollar was a silver certificate and could be exchanged at US banks for a silver dollar .
A US dollar also bought four Swiss francs , almost exactly .
Later , in 1974 , a grandmotherly friend from Yverdon CH where I had lived twelve years earlier visited her brother in Montreal and took the train to visit my family and see my newborn son a couple of hours from Montreal . She was complaining that the strong Swiss Franc was making Swiss products too expensive in global markets . That fostered the birth of Japanese watches such as Seiko , displacing Breitling , Rolex , etc.
Now it takes $1.25 to buy a Swiss franc , and that is after the Swiss gov’t has deliberately weakened the CHF .
So you are absolutely correct about the price of gold in CHF . In fact , had the Swiss gov’t not deliberately weakened the CHF , it would not surprise me if the CHF was over 10X what it was in 1962 US$ , not 5X !
I remember Armstrong saying something about gold will go up in earnest when it’s going up everywhere. That still doesn’t negate the fact it can rise even suddenly in individual countries like it did in the 70s here. That just shows you don’t need to be waiting for others to act or be prepared if for whatever reason it’s happening to your country just because it’s not happening somewhere else. Even around 2008 the Swiss had to peg their currency to the euro because it was going up to a point it was affecting their exports making them too expensive. I remember that because I was watching currencies particularly the Swiss and going to start accumulating the Swiss franc and then they did that.. I bet that caused a bit of upset for anyone who jumped on board just before they slammed on the breaks.
That guy with the golf cart had a clever way to stop and capture vandals. Lol Maybe the police should start using something like that. Some kinda robotics. That wasn’t a personal squabble though. It happened a couple years ago with some out of state wanted nutcase. He was going around vandalizing property for no reason. Tried to tear a door off someone’s car, and others property then that guy’s house with rocks so he was a threat to the whole neighborhood and should of been in a mental facility. After the police got him out from under the golf cart he had more charges from damages to property.
I like their stand your ground laws.
That’s a great question — and it touches on how currency fluctuations and inflation impact the price of gold in different countries.
Yes, it’s largely true that while gold prices surged in US dollars during the 1970s, the rise was far less dramatic (or even negligible) in Swiss francs (CHF).
The U.S. officially abandoned the gold standard in 1971 (Nixon shock), which led to:
A collapse in confidence in the U.S. dollar.
High inflation in the U.S., especially after the 1973 oil shock.
Investors rushed to gold as a hedge against inflation, pushing the USD price of gold from $35/oz in 1971 to over $800/oz by 1980.
The Swiss franc was a strong, stable currency with low inflation.
The Swiss National Bank had conservative monetary policies.
The Swiss franc appreciated significantly against the U.S. dollar during the 1970s.
As a result:
While gold surged in dollar terms, the appreciating Swiss franc offset much of that rise for Swiss investors.
So if you held gold in Swiss francs, the price did not increase nearly as much as it did for those holding it in USD.
Gold in USD:
1971: $35/oz
1980: ~$850/oz
~24x increase
Gold in CHF:
The increase was much smaller — closer to 3x to 5x, depending on exchange rates.
Yes, during the 1970s gold boom in the U.S., Swiss investors saw much smaller gains in gold prices because:
The Swiss franc strengthened significantly.
Swiss inflation was much lower, so gold wasn’t as necessary a hedge.
Currency effects can dramatically change real returns on commodities like gold.
Let me know if you’d like to see historical charts or data to visualize this.
There used to be a link on KITCO that showed the value of gold’s percent gains in 5 or 6 various currencies, all on one chart. It shows clearly which currency is weaker or stronger against Gold.
Lately I can’t find the link. If any of you know where it is, please post the link to me so I can save it. I used to look at it all the time and suddenly it disappeared.
Re currencies on the futures charts, If I remember right, all prices are in US Dollars. So when people or banks sell the Dollar and it goes down, all the others trend up. Shown below.
I liked how he just left the cart on him. It would have been much worse if that driver had stayed in it. He had to weigh a cool 300 lbs. 🙂