A discussion on the gold market recapping this month and looking ahead to June
Craig Hemke, Founder of TF Metals Report joins me to recap the moves this month in the gold price and how the sector is setting up into June. As today is the monthly close eyes are on the $1,900 level but there’s a lot to consider in terms of what’s going to drive price from here.
IPT broke out yesterday and hit a new 6 week high today.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=0&mn=11&dy=0&id=p58263583389&a=959455906
Currently the PMs physical contract prices up and 10 yr yield down. Maybe these suckers will move up into closing for a good close-out for May. US closed Monday so Canada is in charge.
Just as Bitcoin turned bearish well ahead of Musk’s twitter comment, the 10 year yield turned bearish well ahead of its own coming plunge. (Today’s action will show on the following chart this evening.)
https://stockcharts.com/h-sc/ui?s=%24UST10Y&p=W&yr=5&mn=0&dy=0&id=p61629351380&a=961446476
Matthew – Thanks for that IPT chart, and it was nice to see it poke up above that downward trendline and the fork resistance in the recent trading and closes.
SILJ just had its best close in 4 months.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=11&dy=0&id=p49864345319&a=960886383
It is significant that SILJ is ready to move versus GDX:
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=0&dy=0&id=p73537418145&a=961488305
On the longer time frame impact silver is hitting massive resistance and I bet my hinny a massive reversal is coming on the monthly not just for impact massai but for miners across the board. The monthly action has been pathetic at the very least in this movement.
It is imo to pump stocks and miners currently is ill advised and the volume is suggesting this. You guys are all grown man. But beware glen has told you and I will say this again a pendulum swings both ways and the miners have done squat in this massive move up in gold. A true gold bull is led by the miners.
Glen
Glen, you’re grasping at straws my boy. I know you can view a monthly chart so here’s one that shows IPT bottomed at a Schiff fork support that was 15 years in the making:
https://stockcharts.com/h-sc/ui?s=IPT.V&p=M&yr=17&mn=0&dy=0&id=p66037274965&a=568343327
If a true gold bull is led by the miners, what’s the problem? GDX bottomed a week before gold and then rose 20% versus gold as of last week.
It’s great to see a leftist feminist break from her fellow idiots…
DR NAOMI WOLF: VACCINE PASSPORT PLAN IS THE SAME PLATFORM THAT ENFORCES CHINESE SOCIAL CREDIT SYSTEM AND EQUALS SLAVERY FOREVER
https://www.bitchute.com/video/9QpKPPHHqUIN/
‘TRUTH’ WITH RFK, JR. AND NAOMI WOLF: FIGHTING FOR OUR CONSTITUTIONAL RIGHTS • CHILDREN’S HEALTH
https://www.bitchute.com/video/E0HuriajGrbl/
What happened since Karl Marx’s preferred monetary system was fully implemented…
https://wtfhappenedin1971.com/
What is an expression of liberty to one, can often result in a liability to the other.
I certainly would want some assurance that the plane I’m going to board is safe for flying, and also not infested with virus carriers. I also have entitlement to know that the public school i’m sending my kids don’t face the same threat as a result of some who feel they’re rights to either not believe there is a pandemic or that they simply want to ignore it’s consequences because they should have the right to do so.
If you’re vaccinated, you shouldn’t be worried about others. Regardless, forcing others to accept an injection that YOU deem safe is pure tyranny. NO ONE has the right to infringe on the natural rights of others arbitrarily.
Enlightened people don’t share your faith in the political class because they know history and have common sense.
Forcing people to have a licence to drive, practice medicine, wear clothes, not spit and urinate in public are the enlightened ones.
As to the vaccine, it’s purpose to the prevent it’s mutation and otherwise spread by with those that don’t have it. That’s why they were critical for TB, Polio, measles etc. They were developed and taken by enlightened people, hence the elimination of these diseases was made possible.
Finally, somehow in juriscictions where folks were able to take the vaccine in great numbers the fatal effects of the virus markedly reduce. It did NOT happen by some divine miracle. The more people who got vaccinated, the less the count of death and hospitalization.
If you want to risk it fine. But don’t ask me to share the risk because of ideology.
You see, your ASSUMPTION is that you have the facts. You clearly don’t. Tens of thousands of doctors all over the world disagree with you and your greedy, power-hungry, but benevolent politicians.
The risks you have chosen to take are the one’s based on ideology. Mine are based on the assessment of available information with the recognition that I do not have all the facts.
Rock and Roll Legend Eric Clapton Regrets COVID Shot, while Others Die Shortly After the Injections
https://healthimpactnews.com/2021/rock-and-roll-legend-eric-clapton-regrets-covid-shot-while-others-die-shortly-after-the-injections/
Thousands die from hospital / doctor errors with surgery, side effects of drugs, etc etc etc. But we still have doctors, hospitals and drugs. It doesn’t negate their greater value. Don’t give sweet crap what Eric Clapton regrets. I would too if true, but that’s irrelevant in the broader context, except as an example to promote conspiracy BS
Claire Edwards explains what’s really going on:
https://www.bitchute.com/video/SUSjqWJyTQ63/
“DR. BYRAM BRIDLE, NOT AN ANTI-VAXXER, WARNS ABOUT DANGEROUS SIDE EFFECTS”
https://www.bitchute.com/video/rFc8sEJSCj5h/
I have never heard of this doctor before, but happy to see that MSM is willing to give him a few minutes air time.
Alex Pierson is with Global News (CFMJ AM) Toronto.
Crazy day. Emerita got hit for about the third day this week. Which gave me a chance to add. Also added more to Silver Viper, Telson, Azarga, Trevali and Vizsla. Having a good not expected was Great Bear (got to find out what that is about) and Granite Creek. although stressful, it was a good week for my portfolio. See you in June.
Matthew……. you have your hands full today……. 🙂
As always, Jerry. 🤦♂️🙂
I will help you out……….. Public School victim….. lol……. 🙂
17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers’ associations. Put the party line in textbooks
In 1958 Communists Had 45 Goals to Take Over the U.S. Without Firing a Shot. Here Are the Ones They’ve Already Achieved
CFS………….just posted this…..which I thought was timely……
https://pjmedia.com/uncategorized/kevindowneyjr/2021/05/27/communists-have-45-goals-to-take-over-the-u-s-without-firing-a-shot-here-are-the-shocking-goals-they-have-already-achieved-n1450032
Jerry, how’s the psych assessment going? Think it’ll get the jan 6 charges dismissed? What about legal fees? Could be your buffalo horns and robe fetch a pretty penny on e-bay.
Cheers.
Ha…..good one blazesb……. I did sell some great buffalo coins this week….. made a handsome profit…. 🙂
blazesb……. which public school did you attend…. lol….
Jerry, KER’s resident NPC mong is something, isn’t he?
The programmers won’t show its sheeple viewers that the buffalo horned guy called out loudly for a peaceful protest.
Starts at 3:35 and horned guy is at 4:30. He yells: “This has to be peaceful!”
https://www.bitchute.com/video/kOTVZWZqN8zg/
That is a GREAT VID…. Matthew…….. 🙂
People used as fertilizer? ok.
Soylant green is next I guess.
My school…undergraduate degree from Academy of Clean Living…masters from School of Hard Knocks…not unlike yourself i expect.
By the way, i shouldn’t have made that e-bay crack. Inappropriate. Sothebys is the proper vendor, obviously.
Cheers Great Shaman
Ah yes, the double negative ……. man of wit….
Glad you recognize the mistake of ebay,….I stopped using them in 1995… 🙂
Some of the times it is your own fault.
You’re right Wayne. I should know better than to engage idiots.
I have been reading about a lot of UFO encounters lately that were documented by The US military. Most of the sightings took place over the last 5 years. A lot of these occurrences involve specialized radar identification. If this is true they must be here amongst the general population. I no longer think that this is a conspiracy. At some point the truth will come out. DT
Gold update!
First and foremost I don’t think the gold bottom is in. I still believe that there is a good and great possibility going into September or October that we put a new low in and more specifically in the monthly in the miners. You got double tops across the boards. This my friends is called M pattern and they are nasty!
The “ Fact “ every single person on planet including my dollaroma store clerk is telling me about gold tells me the bullish sentiment is at a massive high and the bullish indicator is not indicating it as it should. This market has everyone fooled every human thinks is dollar going to the crap and I think it’s got a good bounce until October coming. Which means mini correction or slightly deep for dow and gold gets whipped.
Miners are confirming something is up hence why everyone in hear including ex has a time of nervousness that the movement is not as strong! Red flags amigos
They left the candles bullish and June imo is going to be nasty historically and because every single gold bug and neighbor is taliking gold.
Good luck to all
Glen
My target remains the same impact silver is headed towards .46-.50 at a minimum and when it gets there good lord!
Glen
I said this before they through cloud at the reality of things and USA.to was used as the perfect escape goat to attract more gold bugs to invest and they are imo leading the pack down.
Discretion: This is not investment advise! Trade at your own will…
*Remeber the market does what it wants regardless of Fibonacci or forks or resistance levels. The market will go and take you were you don’t think you will go….
Glen
My core position of Impact Silver is not for sale at $.64
I’ll add more on pullback
Good news from Emerita.
Trend today is they hitting miners no matter quality or news. Early morning smash seems orchestrated. We will see.