Craig Hemke – Gold All-Time Highs Over $2,500, Gold:Silver Ratio To 90, Osisko Mining M&A
Craig Hemke, Editor of TF Metals Report joins us to discuss the recent surge in gold prices, which have surpassed the $2,500 mark. They analyze the shallow dips in gold prices through July and August, explore the geopolitical influences, and examine historical trading ranges. We also touch on silver’s performance, the gold-silver ratio, and the recent high premium M&A activity in the precious metals sector, notably Gold Field’s acquisition of Osisko Mining for US$1.6billion. We then delve into hedge fund positions and the potential impacts of upcoming economic data on gold and silver prices.
Let’s coin the phrase ‘Ghost Trades’, haha… I agree with you that the malfeasance is getting out of control, these institutions cannot maintain their integrity so eventually their malfeasance will become blatant…
I just used all my big words for the day and my brain hurts.
Thanks for the big word. I sent it to the “complaint department” and ask that they sweep their company clean of any malfeasance. They have replied that they are cleaning out my malfeasant account from their company, piece by piece….They did send their appreciation for being a good Customer.
CALIBRE REPORTS Q2, 2024 AND YEAR-TO-DATE FINANCIAL RESULTS AND REMAINS ON TRACK TO DELIVER INTO FULL YEAR PRODUCTION GUIDANCE WHILE THE MULTI-MILLION OUNCE VALENTINE GOLD MINE PROGRESSES TO CONSTRUCTION COMPLETION IN CANADA
Aug 12, 2024
https://www.calibremining.com/news/calibre-reports-q2-2024-and-year-to-date-financia-9364
Gold:Silver ratio, does this look overdone to the upside?
‘Everyone is waiting for tomorrow’s CPI data’… I hate that phrase.
Here Come the HELOCs: Mortgages, the Burden of Mortgage Debt, Delinquencies, and Foreclosures in Q2
by Wolf Richter • Aug 7, 2024
“Mortgage balances rose by just $77 billion, or by 0.6% in Q2 from Q1, the smallest percentage increase since the dip in Q2 2023, and the second smallest since 2018, to $12.5 trillion. Year-over-year, balances are up 4.2%, according to the Household Debt and Credit Report from the New York Fed today, as sales of existing homes have been creeping along rock-bottom, new-home sales are also down but not as much, and mortgage applications to purchase a home have collapsed by nearly half compared to 2019, while people with cash are foregoing mortgages altogether.”
Schwab hits Galantas Gold for -20% in last 15 mins of the day with no news and no corresponding action in the OTC or Venture. We will see.
The OTC shows a drop of 17% after dropping 20% intraday.
Thanks Matthew. Evidently my sources are delayed. I got the 20% drop 15 mins from closing and then a fall back to 17 or so % right at close. After 4 years of systematic take down to all times lows, it really gets old. I just can’t get it through my head that the common folk do not have a right to invest in commodities in the earth that only belong to the elite.(I had to battle with AI just to write this without constant alterations)
Here is a good one: This is a follow-up on the “closing price ” on EMOTF from last Friday: After reducing the closing price on EMOTF on Saturday when markets were closed and Neither the OTC or Schwab reporting any trades all day Monday, overnight Schwab lowered the Closing price on EMOTF overnight to .4751 and the OTC is still using last Friday’s close of .516667. Now the Cad market dropped yesterday -1.47% for EMO but yesterday’s close for the Cad, but I think it was still higher in CAD after conversion than the Schwab adjustment after no reported trading. HMMMMM….