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Author Topic: Gold, Silver and Markets  (Read 157932 times)

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bufford

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Re: Gold, Silver and Markets
« Reply #13200 on: June 13, 2022, 08:39:33 pm »
Tom O'Brien next  stop for Bitcoin   26!mins in.  13000

https://youtu.be/Ew7YOAkRGqg?list=PLC08D101D08B48F04
« Last Edit: June 13, 2022, 08:40:45 pm by bufford »

Cherokeeee

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Re: Gold, Silver and Markets
« Reply #13201 on: June 13, 2022, 08:47:52 pm »
When this wall is hit... it's game over... total collapse ...  at noon sometime soon.. the wall ..mama never should have built the wall..
https://www.dailyveracity.com/2022/05/16/current-diesel-fuel-shortage-worse-than-1970s-fuel-crisis-will-accelerate-coming-food-supply-catastrophe/

Cherokeeee

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Re: Gold, Silver and Markets
« Reply #13202 on: June 13, 2022, 09:10:52 pm »
gata keep those eggs rollin in no matter what as me & my doogie are addicted... average 2400 eggs/year with 10 of these fine feathered birdies.. like eggs..?  who ya gonna call when the big bird sings..?

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13203 on: June 13, 2022, 09:14:46 pm »

Cherokeeee, showdown; the Fed vs. the POO, it had to end this way, the old guy predicted this back in the '70's.

"Do you know how much oil the US imports every single day, do you know how they will pay for it in the future?"

Only know baseball and hockey stats, those are good questions though, better smarten up fast, yeah, later.

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13204 on: June 13, 2022, 09:20:55 pm »

Then there's the inner tube story; they keep re-inflating the inner tube with more fake money/rate cut patches.

At the end of the story, the inner tube is all patches, then they try it fill it up one last time, kaboom, we'll see.

bufford

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Re: Gold, Silver and Markets
« Reply #13205 on: June 13, 2022, 09:48:29 pm »
Celsius a bye bye

https://arstechnica.com/tech-policy/2022/06/cryptocurrency-plunges-as-crypto-bank-celsius-suspends-withdrawals/

Somebody is lying”
Celsius is effectively an unregulated cryptocurrency bank. Customers can deposit cryptocurrencies with Celsius and then borrow dollars against those holdings. Customers can also earn interest on cryptocurrency deposits, with the company's website advertising interest rates as high as 18 percent for some cryptocurrencies. That number is far more than Americans can earn from conventional banks. Celsius says it has 1.7 million customers.

A January Bloomberg article reported that Celsius had inspired loyalty from some of the platform's users:

In testimonials posted last year on Twitter as part of a contest in which customers shared their 'Celsius Story,' many said they had entrusted Celsius with their life savings. One said he took out home equity and cashed in his work pension and his savings for his kids’ education to put the money into the company’s accounts. Another said it let him quit his job to move closer to his kid.
« Last Edit: June 13, 2022, 09:50:11 pm by bufford »

bufford

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Re: Gold, Silver and Markets
« Reply #13206 on: June 13, 2022, 10:15:53 pm »
« Last Edit: June 13, 2022, 10:17:28 pm by bufford »

lonestar

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Re: Gold, Silver and Markets
« Reply #13207 on: June 13, 2022, 10:41:24 pm »
Cherokeeee
How do you keep your chickens cool during summer?
Sn Antonio heat it a real problem for chickens
lonestar

Apollo

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Cherokeeee

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Re: Gold, Silver and Markets
« Reply #13209 on: June 13, 2022, 11:10:12 pm »
lonestar.. installing 12V solar fan in the coop... coop will be in the shade too.. putting wheels on the coop gata move it every couple of days.

Norwester1

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Re: Gold, Silver and Markets
« Reply #13210 on: June 14, 2022, 12:53:40 am »
Now, hold on there Cherokeeee.....how BIG is this coop that you keep a dozen hens IN?  I assume you're moving it, every coupla days as you say, to new grassy spots or ?  you gotta lift or something to raise those wheels up and down when you've relocated the coop....I'm curious, having had chickens myself years ago in a 10' x 25' pen, with nesting boxes at the far end....

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Norwester Mike

Norwester1

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Re: Gold, Silver and Markets
« Reply #13211 on: June 14, 2022, 01:28:21 am »
So, here's the latest sicko "fad" or game being chatted about on some of the social media sites -- a friend down in a suburb of Seattle had it happen to a friend of hers, so she mentioned it to me....Seems the apparently bored teens are competing to see how many cars & trucks they can mess up by removing the lug nuts from one or more wheels and tracking the resulting crashes!  At least five vehicles were 'disabled' (unknowingly to their drivers) before it was too late. All had been parked in a WalMart parking lot while the owners were inside...sheesh....I guess our TP-ing houses and trees at that age was our fun and games, but messing with folk's car never was a part of our agenda....

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Norwester Mike

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13212 on: June 14, 2022, 02:00:15 am »

Canada news; Bieber's gibbled-up face, what up with that, this could blow the lid clear off the vaxx septic tank.

Canada's second largest pension fund invested $600M in Celsius, looks like they're now stuck in the Kelvinator.

Don't know about our wheat production this year, but we have a bumper crop of dickweeds growing robustly.


Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13213 on: June 14, 2022, 02:12:02 am »
Found Hugh Hendry on twitter, he's turned into a acid dropping surf punk, talks like one too, it's a crazy world.

********

More future scenarios from Luke Gromen...

It's a balance sheet contest between the US and Russia, in the end, Russia wins.

The UK and the EU are literally setting up a energy hyperinflation death spiral for their currencies, a good plan.
« Last Edit: June 14, 2022, 02:43:48 am by Bigley Gaines »

Norwester1

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Re: Gold, Silver and Markets
« Reply #13214 on: June 14, 2022, 02:34:56 am »
13463...heh-heh-heh.....Bigley, you're too much!  Loved this one you posted:

"Don't know about our wheat production this year, but we have a bumper crop of dickweeds growing robustly."

...uh...yeah...that seems to be a wide-spread contagion that's escaped Kaliphoney and Chi-town and Nuevo Jork and is now contaminating the rest of the states. with a few exceptions....none of them are interested in the Dakotas or Mississippi....

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Norwester Mike

mugwump

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Re: Gold, Silver and Markets
« Reply #13215 on: June 14, 2022, 02:47:51 am »
drunk paul pelosi mugshot finally appears
https://www.analyzingamerica.org/2022/06/659061/?utm_source=myc

PM's and oil bounce back
crypto in the dumpster
https://finviz.com/futures_charts.ashx?t=ENERGY&p=d1

btg has a market cap of $4 billion
P/E less than 10
FCF of $370 million
a good value
https://finance.yahoo.com/quote/BTG/cash-flow?p=BTG
« Last Edit: June 14, 2022, 02:58:37 am by mugwump »

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13216 on: June 14, 2022, 02:53:47 am »

Hello, NW'er, you're funny too, despite the topic being rather sad, the numbers look bad for us freedom buffs.

We don't to join their giant summer camp, where new rules are made daily and we all must follow to get accepted.

Over half the population wants this in Canada, they'll give up it all without a whimper too, so we can  be safe.

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13217 on: June 14, 2022, 03:05:34 am »

Great photo, mugwump, he's got the classic look of a pickled guy, trying hard not to look pickled in the mugshot.

Kudos to Napa County, the Calistogans want that Pelosi piker punted.
« Last Edit: June 14, 2022, 03:07:19 am by Bigley Gaines »
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HoldGold

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Re: Gold, Silver and Markets
« Reply #13218 on: June 14, 2022, 04:01:47 am »
https://babylonbee.com/news/people-who-ruined-worlds-economies-gather-to-discuss-how-to-fix-worlds-economies
People Who Ruined World's Economies Gather To Discuss How To Fix World's Economies

mugwump

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« Last Edit: June 14, 2022, 04:52:03 am by mugwump »

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13220 on: June 14, 2022, 07:27:50 am »

A little levity...

MMT= Magic Money Tree, that's a good one, well done.

"Make Serfdom Great Again", excellent, that seems to be the current action plan, now doesn't it ?

Apollo

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Re: Gold, Silver and Markets
« Reply #13221 on: June 14, 2022, 08:06:29 am »
Sibanye down $0.82 over a road closure due to flooding in Montana - just bought some - looks overdone

https://www.sowetanlive.co.za/business/2022-06-14-sibanye-stillwater-halts-montana-mines-amid-floods/

Apollo

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Re: Gold, Silver and Markets
« Reply #13222 on: June 14, 2022, 08:23:41 am »
If there is one theme on where stock markets are now going.. its Mean Reversion. As I warned a few months ago, it was time to refamiliarize yourself with the Crash of 29 and the wasted decade that followed. Where are markets going?

At this point recall Warren Buffet’s stock market capitalisation to GDP rules – the Buffet Indicator. His dictum was the US equity market is overvalued at 90% of GDP. Today, the value of US stocks is about $40 trillion while GDP is $25 trillion = 163%.

The 90% fair value number is subjective. We should factor in just how low interest rates still are, which makes stocks look better relative value to bonds. Let’s say the Buffet Indicator of fair value in a low interest environment is 110% – in which case stocks are still overvalued by around 30%.

Funny enough, my base case is the stock market still has a 30% correction to come. That won’t impact every stock equally. Many value stocks look buyable. Some others have much further to fall as economic common sense breaks out. Many stocks may already be close to fair value. Guess which side of value Tesla lies?

https://www.zerohedge.com/markets/laws-mean-reversion-have-begun-their-summer-offensive


wolavka

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Re: Gold, Silver and Markets
« Reply #13223 on: June 14, 2022, 08:24:43 am »
a turd will float with too much fat:

Two months ago Italian debt, thanks to Lagarde’s lying and everyone’s front-running her trades, was trading at a premium to US debt

wolavka

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Re: Gold, Silver and Markets
« Reply #13224 on: June 14, 2022, 08:52:49 am »
57 to $.
usa banana

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13225 on: June 14, 2022, 09:12:57 am »

Vince Lanci tweet;

White House climate change advisor wants social media to censor content about the high costs of green energy.

*******

Where to next with these people, Twitter's already running cover for the Bieb's gibbled-up face, there's a story.
« Last Edit: June 14, 2022, 09:16:46 am by Bigley Gaines »

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13226 on: June 14, 2022, 09:27:29 am »

Big mean reversions often lead to a commodity/stock flip-flop, energy stocks were 30% of the S&P at one point.

About 3% now, the mean should be in the middle, but, global demand will exceed pumping capacity very soon.

No more cheap oil means no more financial fun and games, for fat and happy people in the "western nations".

jesse22

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Re: Gold, Silver and Markets
« Reply #13227 on: June 14, 2022, 09:54:41 am »
I honestly do not understand the PM market even though I have been investing in it for roughly 40 years.  Yesterday, everything tanked, but PM stocks got hit the hardest.  While the DOW was down roughly 3%, PM stocks were down more than twice that amount.  It's mathematically impossible to make any profit on PM stocks if they go down or sideways while the general market is rising (as it did for about a decade) and then they also go down when the general market starts tanking.

Go physical!




 

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13228 on: June 14, 2022, 10:09:58 am »

Oil up $2.50, the big slam faceplants, the Fed loses today's chicken match, off into the weeds, shortpants!

British pound augers thru the pack ice, Kiwi's closing in, Oz too, there goes the empire, only loonies left.

Chart of the day; $GOLD:$USB weekly, is that the... hammerman?
« Last Edit: June 14, 2022, 10:43:56 am by Bigley Gaines »

Pyrite

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Re: Gold, Silver and Markets
« Reply #13229 on: June 14, 2022, 10:50:56 am »
Go physical!--Jesse

Only need fuel to get to the place that SELLS it.
"Racist" is a toolword. You must know that.
Any objective examination of the effect of "them" has to lead you to the behavior and ideology that is now termed, "racist."

Refute if you can.

AF

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Re: Gold, Silver and Markets
« Reply #13230 on: June 14, 2022, 10:51:15 am »
Post says Barrick's Veladero accused of poisoning water

2022-06-14 06:39 ET - In the News

The Financial Post reports in its Tuesday edition that Barrick Gold is once again facing accusations that its high-altitude Veladero mine in Argentina is releasing toxins into the local water supply. The Post's Gabriel Friedman writes that this follows similar incidents years ago which spurred the country to pass legislation forcing the mine to temporarily close. Located in the Argentine Andes, Veladero is operated by Barrick but it is jointly owned on a 50:50 basis with China's state-controlled Shandong Gold. The mine has faced criticism related to toxic spills in water dating back to at least 2015. On Monday, industry watchdog Mining Watch Canada targeted the company in a rally outside the Prospectors & Developers Association of Canada (PDAC) conference in Toronto, citing an article in Argentine media that reported that the levels of mercury, lead, aluminum, manganese, nickel and other contaminants in the water supply near Jachal, a town near Veladero, have reached levels considered dangerous for human consumption. The article, published in the Spanish language Tierra Viva on June 2, said the level of contaminants in the Rio de Jachal, used for drinking and irrigation, exceeded all previous incidents.

© 2022 Canjex Publishing Ltd. All rights reserved.

 Barrick fired a whistleblower at the same project 5 years ago.

https://www.nationalobserver.com/2016/06/24/news/canadian-mining-giant-barrick-gold-fired-whistleblower-then-they-spilled-cyanide
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mugwump

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Re: Gold, Silver and Markets
« Reply #13231 on: June 14, 2022, 11:00:33 am »
your memes for the day

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13232 on: June 14, 2022, 11:08:05 am »

Trudy Turdwater has contacted covid again, he feels OK though, 'cause he had his jabs, can you say jam tart?

Why ain't this bought-off doofus wearing a Pfizzer baseball cap backwards on his empty noggin?

Land of the free and home of the brave, that's some kind of empty slogan you got going there, but that's OK.
« Last Edit: June 14, 2022, 11:12:11 am by Bigley Gaines »

AF

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Re: Gold, Silver and Markets
« Reply #13233 on: June 14, 2022, 11:16:27 am »
BG, you have to check this out, Turdy does Ukie food.


HoldGold

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Re: Gold, Silver and Markets
« Reply #13234 on: June 14, 2022, 11:17:04 am »
https://twitter.com/GOPLeader/status/1535003805766541312?s=20&t=I4oSzjQ41SnK20aHc8aFmg
Kevin McCarthy
@GOPLeader
The Democrat Party is for lawlessness and the breakdown of society. While they defund the police, violent crime is skyrocketing in our communities. Enough is enough.

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13235 on: June 14, 2022, 11:28:03 am »
Thanks, AF, we can defeat this overbearing clown thru scathing mockery, he's a target rich environment.

Jesse22, this like the London Gold Pool days, the miners get squeezed by inflation while the PoG gets capped.

It'll break down eventually, think closing the gold window, these guys are hooped at the end of this movie.

Oh yeah, one more thing, the great Wannaski scalded the gold speculators, this is documented, not imagined.

When the market broke in '87, they were ready, they dumped physical into the market which killed the rally.

There's only two moneys; the coin of the current realm and gold, they know this, so do we.
« Last Edit: June 14, 2022, 11:44:52 am by Bigley Gaines »

Zigg

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Re: Gold, Silver and Markets
« Reply #13236 on: June 14, 2022, 11:52:49 am »
Oh Dear……Tampax shortage….blame the war…😂…

https://www.zerohedge.com/political/watch-now-women-cant-get-sanitary-products-bidens-america

Watch where you step in the checkout line….😉

jesse22

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Re: Gold, Silver and Markets
« Reply #13237 on: June 14, 2022, 12:27:44 pm »
Bigley Gaines;

There doesn't seem to be anywhere to hide except perhaps oil and I clearly remember when oil dropped below zero not that long ago.  Maybe the dollar, but that can't last either.  There just aren't any safe havens anymore.  Everyone is going to take a big hit (except maybe the bankers who always seem to pull a Houdini by magically escaping).  Even investors in money markets, CDs and the like are going to take a big hit due to double digit inflation. 

BigFisherman

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Re: Gold, Silver and Markets
« Reply #13238 on: June 14, 2022, 12:55:15 pm »
He who looses least wins.
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Apollo

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Re: Gold, Silver and Markets
« Reply #13239 on: June 14, 2022, 01:25:21 pm »
Looking for a "Very Wee" bump starting about now & into tomorrow morning & then fade it into the FOMC Announcement. So I've done some buying today, but planning to see most if not all tomorrow morning

permabear1

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Re: Gold, Silver and Markets
« Reply #13240 on: June 14, 2022, 01:32:14 pm »
Reply #13477

Jesse, not impossible but extremely unlikely

https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24SPX&p=W&st=1990-03-27&id=p53211911937

https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SPX&p=W&st=1990-03-27&id=p04112153819

https://stockcharts.com/h-sc/ui?s=RGLD%3A%24SPX&p=W&st=1990-03-27&id=p89470645245

I am certainly ready to stop trading gold and silver stocks because I think they will prove to be like 'bleached bones in the desert sun' with these energy prices.

Not too much is going to survive in the way of financial assets with the clusterf*@= we now find ourselves in.

The can will not be kicked down the road any longer.  What the US consumer NEEDS will go up in price and the paper assets that represent US wealth will DROP.
Just because you are paranoid does not prove that they are not out to get you

Hambone

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Re: Gold, Silver and Markets
« Reply #13241 on: June 14, 2022, 02:05:16 pm »
PM SHARES:

Many are approaching new yearly lows. Not good.  A new low brings more of the same.  Bullion too is on a knife edge here, fighting Fed rate increases.

I’m waiting.

AF

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Re: Gold, Silver and Markets
« Reply #13242 on: June 14, 2022, 02:28:14 pm »
https://thehighwire.com/videos/thousands-caught-faking-vaccine-card/

 Seen this coming from a mile way. The better plan was to tell the Vax zealots to simply F#ck off and die.

jesse22

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Re: Gold, Silver and Markets
« Reply #13243 on: June 14, 2022, 02:30:24 pm »
Permabear 1.

Yeap.  It feels like the mother of all bears is ready to strike. 

permabear1

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Re: Gold, Silver and Markets
« Reply #13244 on: June 14, 2022, 02:40:32 pm »
Jesse, I have lost one hell of a lot more money in gold and silver stocks than I even made.  Truth be known, I wish I had never seen a precious metals stock.
Just because you are paranoid does not prove that they are not out to get you

bufford

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Re: Gold, Silver and Markets
« Reply #13245 on: June 14, 2022, 02:56:01 pm »
Crypto Winter.  18% layoff

https://arstechnica.com/information-technology/2022/06/coinbase-lays-off-18-percent-of-staff-as-ceo-says-we-grew-too-quickly/

Crypto market rout
The Coinbase layoffs came amid a cryptocurrency market rout affecting bitcoin, ether, and other cryptocurrencies. Several other crypto companies announced big staff cuts in recent days. Coinbase's stock price has fallen over 33 percent since May 31.

Coinbase had more than quadrupled its staff over the previous year and a half, according to Armstrong's memo. "We grew too quickly," Armstrong wrote. "At the beginning of 2021, we had 1,250 employees. At the time, we were in the early innings of the bull run and adoption of crypto products was exploding."

But now, the CEO wrote, "We appear to be entering a recession after a 10+ year economic boom," which "could lead to another crypto winter, and could last for an extended period. In past crypto winters, trading revenue (our largest revenue source) has declined significantly."
« Last Edit: June 14, 2022, 02:59:33 pm by bufford »

permabear1

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Re: Gold, Silver and Markets
« Reply #13246 on: June 14, 2022, 03:03:59 pm »
David Icke Lays It Out…In 1996 - Video

https://rense.com/general96/wildc.mp4

26 years ago, a voice crying in the wilderness.
Just because you are paranoid does not prove that they are not out to get you

mugwump

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Re: Gold, Silver and Markets
« Reply #13247 on: June 14, 2022, 03:14:53 pm »
AOC ready to dump Biden

well duh
the guy's a disaster
the only problem is kamala is waiting in the wings
she has to be dumped too

jesse22

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Re: Gold, Silver and Markets
« Reply #13248 on: June 14, 2022, 03:24:16 pm »
Permabear 1. 

I am right there with you.  Had I taken all the money I've put into PMs and purchased CDs or placed it in money market accounts, I would be substantially better off.  I am not a good day trader, so I don't do that.  I tried trading for a while and really got my butt kicked.  So, most of my PM holdings have been long term.  I still own 2 PM mutual funds that I purchased in the late eighties.  I have been waiting for about 40 years for PMs to have their day in the sun.  We've had a couple of good runs like the move from 2000 to 2008.  However, when compared to most other asset classes, PMs have been a major disappointment. But, I am not getting out at this point--will in all probability, go down with the ship.   

permabear1

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Re: Gold, Silver and Markets
« Reply #13249 on: June 14, 2022, 03:30:16 pm »
I appreciate Denninger because he is willing to call a spade a spade. Both Trump and Biden are responsible for this as well as both republicans and democrats in the House; and first and foremost, the American people.

PPI: Smoking (AGAIN)

That is catastrophic.  Note that the right-most column is wildly above the left -- by about double -- and has been for the entire last year.  While productivity can absorb some of that the fact remains that unprocessed goods are turned into processed ones and then finally into the above table.  This is a direct result of both the Trump and Biden Administration policies -- Trump first with wildly insane money printing and then Biden with not only doubling down on that but in addition declaring war on energy.  Do not for one second think this resides only in the executive; it does not.  In point of fact it is Congress that is primarily responsible for all of it and both sides of the aisle are equally to blame.  Make sure you provide proper thanks to your Congress critter and Suckators for screwing you blind.

https://market-ticker.org/akcs-www?post=246120

Just because you are paranoid does not prove that they are not out to get you

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13250 on: June 14, 2022, 03:38:19 pm »
 

Jesse22, our position never worsens, whereas the one & only competitor is on a mission to save the planet.

This inflation in America is going to push low-income folks into desperation, that's when they'll roll out the UBI.

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13251 on: June 14, 2022, 03:45:24 pm »

MK; Iran and India increase ties, working on transportation corridors; looks like Modi's growing a spine.

They're the obvious supplier of NG and oil to India/Pakistan, look at the map, Europe loses again, game over.

Turkmenistan, huge reserves, stranded gas, can't cross the Caspian, so, go south, young man, thru Kandahar.

Now, when it comes to energy, it's every man for himself, the US sales promos get tossed in the round file.

The Indo-Pacific strategy is total farce, so is nater in the South China Sea, they will lose and they know it.
« Last Edit: June 14, 2022, 03:52:52 pm by Bigley Gaines »

Norwester1

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Re: Gold, Silver and Markets
« Reply #13252 on: June 14, 2022, 04:00:05 pm »
13497.....I can think of several posters -- most of them now long gone -- who continually cautioned against holding PM shares, always promoting physicals as the smarter holding. . .I traded SA shares in the early '80's for a while until the volatility got to be absurd with each new work stoppage or rumors of tribal fighting there in the Transvaal....screw it....I switched over to holding physicals and was glad I had, despite the gradual slide in prices as we neared 2000.

Like crazy Dan always shouted out, "Buy Bullion not BS!"...seems he was right....I think kapex constantly suggested the same...

************************************************
Norwester Mike

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13253 on: June 14, 2022, 04:03:01 pm »

Luke Gromen predicts Europe will bail out this winter, sorry, USA, we have to heat peoples' homes, best of luck.

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13254 on: June 14, 2022, 04:13:30 pm »

Wayback, it was to be the TAPI pipeline, Shrubco and Unocal was the team to pull it off, another fiasco ensued.

This ain't called the great game for nothing, this one's for all the marbles, including new, improved currencies.

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13255 on: June 14, 2022, 05:03:40 pm »

Joel Elocolin, discusses oil and cryptos at 7:45m, kerereport.com, $20k's gotta hold, shutdowns spell bad optics.

Crazy Dan and bw, NW'er, where are they now, sheesh, we've ridden gold from $252 to $1812 and we're losers?
« Last Edit: June 14, 2022, 05:09:44 pm by Bigley Gaines »
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Erle

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Re: Gold, Silver and Markets
« Reply #13256 on: June 14, 2022, 06:14:53 pm »
Margin Debt Unwinds Further amid Massacre of High-Flying Stocks and Forced Selling
by Wolf Richter • Jun 14, 2022 • 36 Comments   

Margin debt issued warnings starting in early 2021 that the Big S would hit the fan. Folks blew it off.
https://wolfstreet.com/2022/06/14/margin-debt-unwinds-further-amid-massacre-of-high-flying-stocks-and-forced-selling/

He goes light on BTC, but there is still a vast amount of levered longs trying to cover, and they will push it to 18,800 and the firestorm commences. That number is derived from the kill price for big timers like Microstrategy, Nice lists of puked stocks too.
https://wolfstreet.com/wp-content/uploads/2022/06/US-margin-debt-2022-06-14_annotated.png
« Last Edit: June 14, 2022, 06:21:42 pm by Erle »

jesse22

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Re: Gold, Silver and Markets
« Reply #13257 on: June 14, 2022, 06:16:19 pm »
Norwester 1.

You are certainly right.  There have been a bunch of posters who have recommended holding physical versus the stocks.  I wish they had been around when I was buying the stocks.  The vast majority of PM investments I have were purchased before 1995 or before the world wide web went world wide. 

But yes, physical is really the only way to go--no doubt about it.   

wolavka

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Re: Gold, Silver and Markets
« Reply #13258 on: June 14, 2022, 07:21:57 pm »
I'll take the other side of those trades. buying au shares. and now short usd/jpy @ close 3550.  $ will fall and they just may leave rates alone.

permabear1

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Re: Gold, Silver and Markets
« Reply #13259 on: June 14, 2022, 07:34:25 pm »
I can recall my dad telling me around 2004, ten years before he passed that he thought from that point forward, all people running for president would likely be egotistical morons because no one in their right mind would run for that office with how screwed up things were.

I know no that dad was right.  Brandon takes the cake.
Just because you are paranoid does not prove that they are not out to get you

Norwester1

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Re: Gold, Silver and Markets
« Reply #13260 on: June 14, 2022, 07:36:43 pm »
Moon walks...no, not faggy Michael Jackson stuff,  but here's proof:
Norwester Mike

Norwester1

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Re: Gold, Silver and Markets
« Reply #13261 on: June 14, 2022, 07:39:51 pm »
I think we're there, Al.....
Norwester Mike

Norwester1

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Re: Gold, Silver and Markets
« Reply #13262 on: June 14, 2022, 08:03:01 pm »
Ah-ha...NOW I get it!
Norwester Mike

permabear1

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Re: Gold, Silver and Markets
« Reply #13263 on: June 14, 2022, 08:08:34 pm »
Proud of Yourselves?

By James Howard Kunstler
Kunstler.com
June 14, 2022

https://www.lewrockwell.com/2022/06/james-howard-kunstler/proud-of-yourselves/
Just because you are paranoid does not prove that they are not out to get you

Ben

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Re: Gold, Silver and Markets
« Reply #13264 on: June 14, 2022, 08:13:26 pm »
Norwester

One of these days Alice...Pow right to the ...........

permabear1

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Re: Gold, Silver and Markets
« Reply #13265 on: June 14, 2022, 08:24:44 pm »
There are a thousand hacking at the branches of evil to one who is striking at the root.

Henry David Thoreau

Lucifer Rising Satanic Ritual Sacrifice Is Continually Performed By Leading NWO Government Officials

https://www.bitchute.com/video/q6gYPrcQezV7/

They have plans for you.  A control system based on what they call Noahide laws.

https://fromthetrenchesworldreport.com/noahide-laws-passed-by-congree-1991-death-by-guillotine/86608

The Matrix - Tumbling down the rabbit hole. . .




https://themillenniumreport.com/2016/02/albert-pike-and-the-three-world-wars/
« Last Edit: June 14, 2022, 08:34:14 pm by permabear1 »
Just because you are paranoid does not prove that they are not out to get you

HoldGold

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Re: Gold, Silver and Markets
« Reply #13266 on: June 14, 2022, 08:48:07 pm »
opinion from a former judge

bufford

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Re: Gold, Silver and Markets
« Reply #13267 on: June 14, 2022, 09:04:18 pm »


Lastly, she discusses how the gold stock to high flow ratio can make a commodity easier to manipulate. This is because most investors are fine with only having a paper claim to the underlying metal.

Time Stamp References:
0:00 – Introduction
0:46 – C.B. Inflation Targets
2:53 – Fed’s Debt Endgame
7:01 – Today Vs. 1940s
9:52 – Good & Bad Deflation
11:56 – Soft Landing
14:17 – Rising Rates & The Dollar
20:01 – Deglobalization Impacts
26:48 – Europe’s Challenges
30:45 – Energy & Commodities
34:30 – Energy & Ukraine
38:30 – Green Energy & ESG
44:29 – Energy Policy Shifting?
46:26 – EROI & an Energy Cliff
49:18 – Demand & Commodities
50:45 – Risk & Diversifying
53:13 – Gold Stock to Flow
57:00 – Wrap Up

bufford

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Re: Gold, Silver and Markets
« Reply #13268 on: June 14, 2022, 10:23:52 pm »
https://www.financialsense.com/podcast/20293/jim-rickards-economic-warfare-russia-win-and-us-recession

June 14, 2022 – Financial Sense Newshour speaks with well-known strategist and author Jim Rickards, who helped facilitate the first-ever financial war game conducted by the Pentagon. Jim says the biggest economic impacts of the Russia-Ukraine war have yet to hit the globe and explains when and how they are going to be felt in the months ahead. As well, Jim says that reality is now starting to sink in that Russia is winning the war against Ukraine, which, once fully understood, will have clear long-term implications for certain key commodities and future negotiations. Jim also explains how we are a 'rounding error away from recession' and that he believes the Fed is going to tighten us into a recession and possible financial crisis. What is he doing and telling investors about how to navigate the difficult period he sees ahead? Listen in to hear what he has to say!

Apollo

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Re: Gold, Silver and Markets
« Reply #13269 on: June 14, 2022, 10:29:32 pm »
Wee bump starting to take shape for in the morning, but will be selling what I bought today & then we'll see what the FED does

mugwump

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Re: Gold, Silver and Markets
« Reply #13270 on: June 14, 2022, 11:16:01 pm »
elemental royalties/altus merger
deal makes sense
i like both cos
https://www.mining.com/elemental-royalties-altus-strategies-merge-creating-global-gold-royalty-company/

is gcm gonna take out denarius?
https://www.mining.com/press-release/?id=62a9130a991ef4687c549afb

back to elemental/altus
will gold royalty make another attempt to steal elemental?
« Last Edit: June 14, 2022, 11:19:10 pm by mugwump »

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13271 on: June 14, 2022, 11:59:23 pm »

Gold's up $7.40, 240-Gordy, bufford, thanks, Lyn Alden knows the game well, she's on twitter too.

Jim Rickards "When currencies become commodities, commodities become currencies", that's what we're seekin'.

« Last Edit: June 15, 2022, 12:02:24 am by Bigley Gaines »

HoldGold

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Re: Gold, Silver and Markets
« Reply #13272 on: June 15, 2022, 02:29:22 am »
Need I say any more?

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13273 on: June 15, 2022, 06:30:40 am »

HoldGold, was just thinking about that video, about 5 minutes ago, turn on the computer and there it is, weird.

The country gets the leadership it deserves, we got that here too, rumor has it, he plays video games on flights.

It's from a very good source, this rumor.
« Last Edit: June 15, 2022, 08:00:44 am by Bigley Gaines »
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Apollo

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Re: Gold, Silver and Markets
« Reply #13274 on: June 15, 2022, 07:52:14 am »
We may not make it to this Fall before the EU implodes - along with Japan & then we get the old global currency thingy going round & round & round

ECB Holds Emergency Meeting To Discuss Market Turmoil

WEDNESDAY, JUN 15, 2022 - 07:10 AM
Last week, shortly after the ECB's latest meeting disappointed markets and concluded without a discussion of Europe's growing bond market fragmentation (which is to be expected since QE - the glue that held the Euro area's bond market together - is ending) and which has since sent Italian bond yields soaring above 4%, we joked that "at this rate the ECB would make an emergency rate cut" just hours after announcing an end to QT and guiding to a July rate hike.


Once again, our "joke" was spot on because on Wednesday morning, just hours before the Fed's first 75bps rate hike sine 1994, and with Italian bonds in freefall, European Central Bank "unexpectedly" announced it would hold an emergency, ad hoc meeting of its rate-setters starting 11am CET in which it would “discuss current market conditions." It wasn't immediately clear if a statement would be published after the confab.

https://www.zerohedge.com/markets/ecb-holds-emergency-meeting-discuss-market-turmoil

Apollo

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Re: Gold, Silver and Markets
« Reply #13275 on: June 15, 2022, 07:54:43 am »
ECB WILL DISCUSS CRISIS STRATEGY AS WELL AS PEPP REINVESTMENTS

Translation: ECB will discuss how to raise rates while boosting QE. Coming to every central bank near you

THEY WILL REDEFINE HOW THEY CALC INFLATION IN ORDER TO CONTINUE TO BUY BONDS AND KEEP RATES LOW

Bigley Gaines

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Re: Gold, Silver and Markets
« Reply #13276 on: June 15, 2022, 07:56:25 am »

Boom, shuka-lucka, we got action, hello, Mr. BlueSky.

Thanks for the latest news, Apollo, saved a lot of time there.
« Last Edit: June 15, 2022, 01:04:53 pm by Bigley Gaines »

Apollo

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Re: Gold, Silver and Markets
« Reply #13277 on: June 15, 2022, 08:03:10 am »
Going to repeat what I've been saying for a while now - "batten down the hatches", we got some serious turbulence dead ahead
« Last Edit: June 15, 2022, 08:40:56 am by Apollo »

wolavka

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Re: Gold, Silver and Markets
« Reply #13278 on: June 15, 2022, 08:09:11 am »
float those turds.

Apollo

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Re: Gold, Silver and Markets
« Reply #13279 on: June 15, 2022, 08:10:04 am »
Doing some selling pre-market - this will fade into the FOMC announcement

wolavka

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Re: Gold, Silver and Markets
« Reply #13280 on: June 15, 2022, 08:11:04 am »
cats and chickens: They are stealing both like crazy now.. diesel next.

Apollo

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Re: Gold, Silver and Markets
« Reply #13281 on: June 15, 2022, 08:18:18 am »
Futures Rise As ECB Panics And Fed Looms

"Anything less than 75 basis points or at least a strong willingness to make more significant adjustments will likely turn the market on its head, eroding total returns of global bonds and equities even further.

https://www.zerohedge.com/markets/futures-rise-ecb-panics-and-fed-looms


wolavka

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Re: Gold, Silver and Markets
« Reply #13282 on: June 15, 2022, 08:19:30 am »
sing that song snaggle tooth lagarde:


Apollo

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Re: Gold, Silver and Markets
« Reply #13283 on: June 15, 2022, 08:26:47 am »
As Earl use to say "GO TERMITES"

Japanese Bond Futures Suffer Biggest Rout Since 2013, Trigger Circuit-Breakers After 'Soros'-Style Bets Build

“It’s a challenge by foreign players to YCC or moves based on their views the BOJ will tweak policy,” s

https://www.zerohedge.com/markets/japanese-bond-futures-suffer-biggest-rout-2013-trigger-circuit-breakers-after-soros-style

Erle

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Re: Gold, Silver and Markets
« Reply #13284 on: June 15, 2022, 08:31:21 am »
Apollo, that is "batten down the hatches". Battens originally were wooden strips that acted like a door bar.

wolavka

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Re: Gold, Silver and Markets
« Reply #13285 on: June 15, 2022, 08:31:47 am »
bite groin and lick toes.. will she go to 6,000

wolavka

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Re: Gold, Silver and Markets
« Reply #13286 on: June 15, 2022, 08:33:15 am »
hey roan, how do you support those big tomatoes, those little wire cages suck.

Apollo

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Re: Gold, Silver and Markets
« Reply #13287 on: June 15, 2022, 08:35:09 am »
Thanks Erle - a lot going on right here in my head as I watch my screen(s), substance of the thought trumps form

wolavka

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Re: Gold, Silver and Markets
« Reply #13288 on: June 15, 2022, 08:38:23 am »
taro aso
more like tear a ass hole.. finance minister

Apollo

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Re: Gold, Silver and Markets
« Reply #13289 on: June 15, 2022, 08:39:49 am »
Yea "button" too funny

wolavka

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Re: Gold, Silver and Markets
« Reply #13290 on: June 15, 2022, 08:44:59 am »
well let's see.. etfs are crap options are crap sooooooooooo if you sell or buy a gozillion futures you can ramp any mkt. NEWS IS ALWAYS AFTER THE FACT. end of story.
forest gump

wolavka

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Re: Gold, Silver and Markets
« Reply #13291 on: June 15, 2022, 09:08:09 am »
OLD HAGUE snaggle tooth looks like 2 pearls of wisdom with a mouth wide open. more **** talk. go big pimp powell

wolavka

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Re: Gold, Silver and Markets
« Reply #13292 on: June 15, 2022, 09:15:42 am »
watch for the new zip tie coming with a reset/release button, making them more useful erle.

Zigg

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Re: Gold, Silver and Markets
« Reply #13293 on: June 15, 2022, 09:44:00 am »
Wolavka…make your own tomato cages…

Buy a 50’ roll of 6-6-10 concrete reinforcing wire….cut into 7’ lengths
The roll will give you 7 - five ft high by 2’ diameter cages
Cut 2 inch lengths of 1/4 inch copper tubing to make crimp sleeves to hold the ends together.
Easy peasy to support even the biggest heirloom tomato


wolavka

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Re: Gold, Silver and Markets
« Reply #13294 on: June 15, 2022, 09:57:12 am »
thanks zigg

Zigg

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Re: Gold, Silver and Markets
« Reply #13295 on: June 15, 2022, 09:57:12 am »
Anyone know…?

What is the eggzact “ time” the Fed announcement of the rate hike..?

wolavka

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Re: Gold, Silver and Markets
« Reply #13296 on: June 15, 2022, 10:01:36 am »
lotto ticket wmwwf.. bought 2est fed fudge

Zigg

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Re: Gold, Silver and Markets
« Reply #13297 on: June 15, 2022, 10:20:45 am »
fJB buddies….real heroes…

“ The Ukrainian servicemen who occupied a strong point in the area of the Animal Farm radioed to the command of the Russian unit, asking to cease fire and provide a corridor for exit.

At about 22 o’clock, the AFU servicemen with white flags began advancing towards the Russian positions.

At that moment, a unit of the Ukrainian nationalists, which arrived at the stronghold on armored vehicles, opened crossfire in the back on the servicemen of the 54th Brigade of the Armed Forces of Ukraine.

As a result of this shooting, 32 Ukrainian servicemen were fatally wounded and killed.

https://southfront.org/nationalist-units-shot-ukrainian-servicemen-who-tried-to-surrender-in-novomikhailovka-russian-mod/

Just sickening….

Hambone

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Re: Gold, Silver and Markets
« Reply #13298 on: June 15, 2022, 10:28:18 am »
Bought UEC.

Not buying PMs yet.  This rally looks weak. Things could change after the Fed, of course.

Zigg

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Re: Gold, Silver and Markets
« Reply #13299 on: June 15, 2022, 10:48:31 am »
When you don’t want to go the streaming route…go with a “ prepayment facility “

Wonder what the “terms” of the note were…🤔

“ VANCOUVER, BC / ACCESSWIRE / May 9, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) has drawn down US$7.5 million from its silver and gold pre-payment facility (the "Pre-Payment Facility") with Swiss-based precious metals trading firm, OCIM Precious Metals S.A. ("OCIM"), announced March 24, 2022. The net proceeds from the Pre-Payment Facility will be used to strengthen GSilver's balance sheet for ongoing capital expenditures, development and operation of the Company's El Cubo mine and mill complex located in central Mexico. (See GSilver news release dated March 24, 2022 - GSilver Signs Terms Sheet for US$7.5M Silver/Gold Pre-Payment Facility).

Pure play on sludge…?