Gold, Silver, PM's and Markets

Not good when the older generation condemns you

In the video, that as of Monday morning had been shared more than 210,200 times, the Russian woman tells a journalist: "I am 82 years old. But I can't look at what our country is turning into. The whole world hates us now—only because of this ghoul, forgive me. Putin is war. Without a war, he will not stay in power. Putin is total theft, corruption."


https://twitter.com/Gerashchenko_en/status/1630102683158978566?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1630102683158978566%7Ctwgr%5E63aa956a7a382fb37ca0db65665387ff3a5ca428%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.newsweek.com%2Felderly-russian-woman-blaming-putin-world-hating-us-goes-viral-1784106

Former Treasury Secretary Admits Doubts On Soft Economic Landing - Looks To Global Institutions For Solutions

Summers then hints at what he thinks the solution will be, which of course involves global policy makers...

https://www.zerohedge.com/economics/former-treasury-secretary-admits-doubts-soft-economic-landing-looks-global-institutions

Your Forum days are numbered

NewsGuard’s 2022 Social Impact Report
NewsGuard issued its first “social impact report” in 2022. The report championed NewsGuard’s provision of tools that would promote “online safety for readers, brands, and democracies.” Its CEOs proudly state a mission to fight false claims of “Nazis running Ukraine’s government and Americans running bioweapons labs in Ukraine,” COVID-19 misinformation, and misinformation surrounding the mid-term elections.

According to the report, “more than 938,200 people were exposed to COVID-19 vaccine myths between Oct. 2021-Feb. 2022 on social media.” The report also reveals NewsGuard’s exposure of “pink slime sites pushing Democratic propaganda in battleground states ahead of the midterm elections.”

https://www.zerohedge.com/political/newsguard-misinfo-watchdog-contracts-dod-who-pfizer-microsoft-aft

Powell's Gettysburg Moment, The USDollar's Waterloo, & Today's Open Madness

...we examine the historical interplay of losing wars, cornered egos, tanking currencies, greater controls and gold’s loyalty in times of open madness..

https://www.zerohedge.com/markets/powells-gettysburg-moment-usdollars-waterloo-todays-open-madness

Deconstruction: Why Leftist Movements Cannot Coexist With People That Value Freedom

Through chaos, they hope to erect a new world order in which all values, all principles and all morals are dead and psychopathy becomes “normal”...


https://www.zerohedge.com/political/deconstruction-why-leftist-movements-cannot-coexist-people-value-freedom

Yep. too many taps on $1820 & down it goes - nasty take-down. Not even a bounce. Not looking good for a hold @ $1800 next week- uhg

https://terminal.stock3.com/#c/rohstoff-realtime-tool

Posted by: Apollo
« on: February 23, 2023, 07:34:06 pm »
Insert Quote

Rack - four taps on $1820 today - one more & we are going to test $1800 - maybe not tomorrow or Monday, but next week is NFP/UER Week - if we don't get some giddy-up between now & Tuesday, look out below Wednesday

Fortuna - destiny with the 200DMA - then its a buy for at least a bounce, but should be more. New mine pouring in June - stock should do well

https://www.msn.com/en-us/money/stockdetails/fi-a1tdyc?ocid=ansMSNMoney11&duration=3M&ti=200Dayma

Rack - four taps on $1820 today - one more & we are going to test $1800 - maybe not tomorrow or Monday, but next week is NFP/UER Week - if we don't get some giddy-up between now & Tuesday, look out below Wednesday

Touch-down on $1820 & a bounce off - see if it holds. Not a bad time to buy PM Stocks, we are at the bottom of the new trading range - $1800 should be the floor

Neocons Know The "Monetary System Is Collapsing" - Martin Armstrong Warns "War Checks All The Boxes"

BY TYLER DURDEN
WEDNESDAY, FEB 22, 2023 - 12:10 PM
Via Greg Hunter’s USAWatchdog.com,

Legendary financial and geopolitical cycle analyst Martin Armstrong said at the end of last year the U.S. is being set up for a “nightmare fall.” Train derailments and political problems are spinning out of control, but the biggest threat is war.

https://www.zerohedge.com/markets/neocons-know-monetary-system-collapsing-martin-armstrong-warns-war-checks-all-boxes

Uh oh

Russia's Wagner Chief Accuses Defense Ministry Of Treason As Spat Widens

BY TYLER DURDEN
TUESDAY, FEB 21, 2023 - 10:00 PM
Going back to the battle of Soledar, when Wanger Group was reportedly the first to enter the city and claim victory for itself, there's been a widening rift between the mercenary outfit with links to Putin and the regular Russian military.

The rift widened this week in a spat which is going increasingly public, as Wagner's founder Yevgeny Prigozhin, often referred to as "Putin's chef", accused the defense ministry and its Chief of the General Staff of purposefully blocking badly needed munitions to Wagner fighters.

https://www.zerohedge.com/geopolitical/russias-wagner-chief-accuses-russias-defense-ministry-treason-spat-widens

So, I'm going to take the position that we will complete this little sloppy ST Inverse H&S with a neck-line at about $1844 & by end of Thursday we will be blowing through $1850 & be knocking on $1860 come Friday

https://terminal.stock3.com/#c/rohstoff-realtime-tool

Neocon Queen goes off

Victoria Nuland Clarifies That US Supports Ukrainian Attacks On Crimea

BY TYLER DURDEN
TUESDAY, FEB 21, 2023 - 11:26 AM
Authored by Dave DeCamp via AntiWar.com,

Victoria Nuland, the undersecretary of state for political affairs, said last week that the US is “supporting” Ukrainian attacks on Crimea and called Russian military installations on the peninsula "legitimate targets."

Nuland made the comments when asked about a report from The New York Times that was published in January and said the Biden administration was "warming" to the idea of helping Ukraine attack Russia despite the risk of escalation.

https://www.zerohedge.com/geopolitical/victoria-nuland-clarifies-us-supports-ukrainian-attacks-crimea

Sibanye-Stillwater launches takeover bid for Australia zinc miner

https://www.bizcommunity.com/Article/196/608/236175.html

PB1, some time in the next ten years, the entire global financial system is going to collapse - USD is not unique in that regard

Russians speak out about what's going in inside the minds of the Russian people - society is depressed.

https://www.msn.com/en-us/news/world/exiled-russian-journalists-share-how-some-russians-feel-about-the-invasion/vi-AA17Go5r?ocid=entnewsntp&cvid=55461972c046406f842ee52a3c1ac2ba

Doubt she had a choice

Putin Ally Among His Top Military Officials Falls 16 Stories To Her Death From St. Petersburg Building
Story by Bibhu Pattnaik

The Finance Director for Russia's Western Military District (WMD) and a close ally of Russian President Vladimir Putin, Marina Yankina, is said to have died after falling 16 stories from a building in St Petersburg.

Yankina's body was discovered on Wednesday by a bystander on the pavement of a residential complex in St. Petersburg's Kalininsky, reports The Independent.

According to the report, Yankina, a key figure in funding efforts for Putin's war in Ukraine, called her ex-husband to let him know she was about to jump. She also told him that she was leaving her documents and packed belongings on the balcony.

We have a ST bottom - bounced right off gold ol $1820 as noted earlier - swing trade in our sights, but might not last if we can't get moving

https://terminal.stock3.com/#c/rohstoff-realtime-tool

We touched on $1798 on 12/29 - a touch-down there & all 2023 gains are gone

We need to clear $1860 - puts in an inverse H&S & our ST low is behind us. Wood to chop to get back up above $1900, probably mill around between $1860 & $1900 until we get better news

PPI White hot - up 0.7% in January - not going anywhere soon, $1800s should hold though

09:43 AM EST, 02/01/2023 (MT Newswires) -- Fortuna Silver Mines Inc. (FSM.NaE) on Wednesday said its Seguela gold project located in Cote d'Ivoire is about 90% complete as of the end of January and remains on track and on budget for first gold pour in mid-2023.

The mining company said SAG mill installation is nearing completion, the tailing storage facility earthworks and HDPE lining are almost complete, and commissioning of the fuel depot is complete. Grid connection and energization of the high voltage substation is also complete, Fortuna said.

The company said grade control drilling is underway and mining activities are expected to commence in February. It also said operational readiness has increasingly become the focus in preparation for commissioning of the processing plant, which is due to commence early in the second quarter of 2023.

"Construction activities are nearing completion despite worldwide supply chain challenges... commissioning remains on schedule for Q2 2023," said David Whittle, Chief Operating Officer - West Africa.

Fortuna also said negotiations with the Cote d'Ivoire government are continuing in order to finalize the terms of the mining convention.

Separately, National Bank of Canada said it was "encouraged" to see on-time, on-budget status continues into the home stretch with about five months before first pour. Critical path items including SAG mill installation are largely de-risked, it noted. Overall, the bank ascribed a neutral bias to Fortuna.

The bank said that as per the Feasibility Study of May 2021 mine plan, it models company-wide free cash flow in H2 2023 of about $113 million at spot, increasing in 2024 to $277 million at 25% free cash flow yield. This provides visibility to progress on deleveraging the bank's mid-2023 total debt estimates of $228 million, including $165 million drawn on the company's $200 million revolving credit facility, it said.

National Bank maintained its Sector Perform rating on Fortuna and the $6.00 target price.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

Bought some JNUG - looking for a bounce after PPI in the morning - RSIs are pretty sold out. But only for a bounce - we may test $1820 before this is over - see how much more margin liquidation we have off the CPI release

US (Nominal) Retail Sales Soared In January

So hotter than expected payrolls... hotter than expected inflation.. and now hotter than expected retail sales... Get back to work Mr.Powell!

https://www.zerohedge.com/personal-finance/us-nominal-retail-sales-soared-january

wood chopping time

https://terminal.stock3.com/#c/rohstoff-realtime-tool

Yea, tried the Stops below $1850. Looks so far like that was unfruitful.  But the day is young

So far, little bounce, but not sure I trust it - we need some giddy-up soon, or we're going south of $1850

Really need this to hold ST, but not optimistic - one more trip to $1850 & we're headed south

https://terminal.stock3.com/#c/rohstoff-realtime-tool

Norwester - to keep us out of a sub-$1850 run, we need to match or beat on MOM from December

In December, the Consumer Price Index for All Urban Consumers decreased 0.1 percent, seasonally adjusted, and rose 6.5 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in December (SA); up 5.7 percent over the year (NSA).

picking up some Fortuna here for a bounce tomorrow post CPI - fingers crossed

Norwester, very sad. Worked downtown for 2 years 1986-88 when I was a pup - loved going to Seattle, even with the Bridge traffic which even then was stop & go everyday. Lunches at the Pike Place or Ivars. Can't go back & see it like this.

Rack - doubt the noise from either side is accurate. Time though, has certainly made its point - this was not what Russia expected in its wildest anticipations - they were thinking a matter of days & its over.

"This Set Up Is About As Bad As It Gets For The Fed... But Right Now, It Still Feels Good"

"It is the classic bear trap. Remember, no portfolio does well when energy really rallies. And portfolios don’t do well when the economy is running hot. Never...”

https://www.zerohedge.com/markets/set-about-bad-it-gets-fed-right-now-it-still-feels-good

Stocks, Bonds, & Gold Slammed As 'Fed Pivot' Party Crashes

FRIDAY, FEB 10, 2023 - 04:01 PM
Goldman sums up the week's equity trading succinctly:

This week has been most aggressive aggregate net selling across HFs and LO$ on the year (Monday-Thursday) by a factor of 4x. LOs showed the largest weekly net selling since the first week of 2023, but HFs added to this selling dynamic as well, selling the most in a week since mid-Dec of ’23

https://www.zerohedge.com/markets/stocks-bonds-slammed-fed-pivot-party-crashes

Here's What Today's Adjustments To CPI Seasonals And Weights Mean For Tuesday's CPI Print

"The stronger recent trend for the seasonally adjusted data does generate some upside risk looking ahead."

https://www.zerohedge.com/economics/heres-what-todays-adjustments-cpi-seasonals-and-weights-means-tuesdays-cpi-print

Yea, $1850 & then a bounce, but we got CPI on Tuesday

State of Incompetence tonight. No real direction ahead of that.  But should get a bump after

The mainstream media cheered the news that the U.S. economy added 517,000 jobs last month. Sadly, that just isn’t true. According to reports and the St. Louis Federal Reserve, the US economy actually lost 2.5 million jobs in January.

Via Rich Dvorak: “The Not Seasonally Adjusted print for monthly change in Nonfarm Payrolls was -2.5 million jobs. That means the headline +517K employment gain reported in January was driven entirely by a +3 million seasonal adjustment

https://www.thegatewaypundit.com/2023/02/us-economy-actually-lost-2-5-million-jobs-january-reported-gain-517000/

White House considering downing Balloon in the Atlantic Ocean - after its already scanned the US and transferred the info back to China. Can't make it up

Suspected Chinese Spy Balloon Spotted Over North Carolina; US Might Shoot It Down Over Atlantic

"Chinese balloon over Shelby North Carolina at 9:35 AM. Moving west south west."

https://www.zerohedge.com/geopolitical/suspected-chinese-spy-balloon-spotted-over-north-carolina-us-might-shoot-it-down-over

I think we should all climb up on our roofs with our Model 70 270s - good long trajectory (or whatever you got), & try & shoot it down ourselves. Need to set up a "GO FUND ME" for the winner & everyone contribute $10 per shot to the kitty

We will hit $1896 - hope it holds

Mentioned to Norwester last week - USD is oversold & due for a bounce & if it was going to bounce, it would be off the FOMC as a pivot - seeing some of that today & the news is getting sold

yea, figured the news would get sold at some point - see where we shake out, but Gold is moving to a new trading range - $1800-2200

Good to see Silver pick up the pace - AH. Was the one disappointing thing today - silver lagged

Market is going to wake up tomorrow terrified about what JP sees coming - Bad news will be bad again

Bonds, Big-Tech, Bitcoin, & Bullion Blast Off As Dovish Powell Pussys Out

Where did the Jackson Hole hellraiser go?

https://www.zerohedge.com/markets/powells-dovish-presser-sparks-bid-bonds-big-tech-bitcoin-bullion

Norwester @ ADP - not likely, it's all over the place & has not tracked well with the NFP Report this past two years - next NFP  is next Friday. And then we have the 2MM jobs that no one can account for - no doubt, has something to do with the discrepancy between the two reports

Trump - think the Deep State/WEF/Soros control the vote anyway, so yea, he's not winning.

Gold Demand Hit 11-Year High In 2022

...the second-highest level of net central bank purchases on record dating back to 1950...

https://www.zerohedge.com/markets/gold-demand-hit-11-year-high-2022

USD Bounce back to 105 would not surprise me - off the FED announcement

https://finviz.com/futures_charts.ashx?t=DX&p=d1

Per last week posts - looking for $1896 to hold. Nobody should be surprised by this move down.

$1910-1915 is a done deal, then we'll see - we'll be down more in the morning

https://terminal.stock3.com/#c/rohstoff-realtime-tool