surfer44
9 hours ago
On the lighter side...
Peter Schiff Reveals: His Wife Owns #Bitcoin!
🪙Peter Schiff, a well-known critic of Bitcoin and advocate for gold, has made a surprising revelation:
His wife is a proud Bitcoin holder! 😲
💡📌 Here’s what you need to know:
Bitcoin Critic Meets Bitcoin Supporter at Home:
While Peter Schiff has been a long-time Bitcoin skeptic, it seems his wife sees the potential of digital gold! 💍
🪙 Family Divided on Finance? 🤔:
Schiff continues to advocate for "gold" as the ultimate store of value, but this admission proves even those closest to him may disagree!
Bitcoin Adoption Grows: This moment reflects how "Bitcoin" is winning over individuals from all walks of life, including families with mixed views on finance. 🌍
📈💭 Is this the ultimate plot twist?
Will Schiff change his tune on Bitcoin now that it’s closer to home? 🏠
Stay tuned for more updates on this crypto conversation! 👀
#CryptoNewss #CPI_BTC_Watch #bitcoin☀️ #Peterschiff
trunkmonk
1 day ago
China wants to beat the Fed at restoring the value of the Dollar. Politicians and current Admin, are completely clueless on monetary policy and only know how to print money, not preserve markets and economies through the dollar. they are truly idiots, angry hate filled idiots. And China knows it, and will bring out the next BRICS system with gold and tokens. they WILL destroy the dollar within 10 years, and they know it. right now they just accumulate. They may start this fall, but they may wait, when u see the enemy, the dollar, doing everything it can to self destruct, there is no hurry.
NYBob
2 days ago
$Aris Mining Corp. - $NYSE:ARMN & $TO:ARIS Current $Aris Mining Charts -
I have stated previously that $Aris is one of the best performing mining stocks in the sector.
YTD the stock is up 45% and nearing another multi-year high.
I want to point out first the US ticker $ARMN.
This is a picture of a master class from the Aris management team.
A year ago Saturday, $Aris began trading on the NYSE.
The stock no longer traded on the OTC like many Canadian miners do.
The simple act of putting forth a little effort to list in the US, is likely why today
$Aris stock is doing so well.
I noted on the chart where the NYSE trading began.
Look at the subsequent flood of volume not too long afterwards.
What Woodyer's team did is expose the stock to the largest equity market in the world.
Too bad many mining plays stick to the OTC platform and their stocks are no better for it.[/B]
$Gold Breaking Out vs Commodities (Top Chart) As US Dollar Weakens (Bottom Chart)
Aris US Ticker ARMN
https://stockcharts.com/h-sc/ui?s=ARMN&p=W&yr=3&mn=0&dy=0&id=p62374498686&a=1651391510&listNum=1
Aris.TO Short Term
https://stockcharts.com/h-sc/ui?s=ARIS.TO&p=D&yr=0&mn=7&dy=0&id=p16066821138&a=1700548953&listNum=1
Aris.TO Long Term
https://stockcharts.com/h-sc/ui?s=ARMN&p=W&yr=3&mn=0&dy=0&id=p62374498686&a=1651391510&listNum=1
$Gold Breaking Out vs Commodities (Top Chart) As US Dollar Weakens (Bottom Chart)
$GOLD MINERS NEWS - $Gold now has a historical breakout vs US CPI. A very bullish chart for precious metals.
$Gold Has Also Broken Out vs CPI
The inflation-adjusted $gold price having a 44-year break out has absolutely massive implications going forward…
$15,000 GOLD Soon! Prepare for the BIGGEST $Gold & $Silver Rally in 50 Years - John Rubino
Money Sense
https://www.youtube.com/watch?v=sRqgjDx8fs4
Central Bank $Gold Buying Doubled in July
Mike Maharrey
September 3rd, 2024
·
https://www.moneymetals.com/news/2024/09/03/central-bank-gold-buying-doubled-in-july-003427
DD....$Aris Mining Corporation (Aris Mining or the Company) (TSX:...
https://ih.advfn.com/stock-market/AMEX/aris-mining-ARMN/stock-news/94431244/aris-mining-publishes-its-2023-sustainability-repo
DD....$Pelangio Exploration Inc. NEWS -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175015670
DD....$Patagonia Gold Corp, formerly known as Hunt Mining Corp., is a Silver and Gold production company.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175046791
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172090585
$HGLD & $PGDC With One Of The Richest Highest Grade Silver Mine On Earth - Patagonia Gold
& Silver Mines Hard Asset Safety Bargain --
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022
https://www.patagoniagold.com
Shell Game: How America’s Money Devolved from Gold to Fiat
Joshua D. Glawson
September 9th, 2024
https://www.moneymetals.com/guides/shell-game-how-americas-money-devolved-from-gold-to-fiat
GOD BLESS
trunkmonk
4 days ago
Ive been watching and engaging the markets for 25 years, when you understand what drives things, and verify with statistical data, its easy to see. Its not rocket science, cause I couldnt do that, although i did interview someone who wrote code for space shuttle, and he was way over qualified for the job, it just takes brains, time, effort, unbias attitude, and have an organized plan, anyone can be a millionaire. Most on IH are just dummies who can type text and insult everyone or post completely bias or facts out of context content. they are lazy, and focus on personalities, and hate people, I would never post how and why i make decisions on IH for the most part, only small parts.
It is amusing in every sector, they just feed off each other, seem most never go from 0 to 100% on their own merit. sad but human nature tells the young today to take the easiest way and relax whenever needed.
trunkmonk
5 days ago
Go for the gold, and silver. Gold is money, and cant be taxed cause there are no capital gains reailized or unrealized, its money, yes u heard it hear first, if Harris gets in, taxes in every way possible go up. gold will be the only thing standing that will be accepted everywhere you want to be. expect 20x coming. for real.
NYBob
1 week ago
$15,000 GOLD Soon! Prepare for the BIGGEST Gold & Silver Rally in 50 Years - John Rubino
Money Sense
https://www.youtube.com/watch?v=sRqgjDx8fs4
TRUMP FOR AMERICA *LIVE* ~ (2 Rallys) ~ President Donald J. Trump, >
45th President of the United States of America,
will hold a press conference at Trump Tower in New York,
New York on Friday,
September 6, 2024, at 12:00PM EDT.
Tune in on RSBN starting at 10:30 a.m. ET.
https://www.rsbnetwork.com/video/live-president-donald-trump-holds-a-press-conference-at-trump-tower-in-new-york-city-9-6-2024/
========================================================
President Trump will address the FOP’s National Board of Trustees >
at their fall meeting in Charlotte, North Carolina,
on Friday, September 6, 2024.
Tune in on RSBN starting at 2:00 p.m. ET.
https://www.rsbnetwork.com/video/live-trump-addresses-the-national-board-of-the-fraternal-order-of-police-in-charlotte-nc-9-6-24/
WORLD NEWS - Jeff Berwick On Surviving The Greatest IRT Reality Game Ever Produced
https://vigilante.tv/w/eFd6DK4uLoXmxtaQpqZDRr
TRUMP *LIVE* ~ The Economic Club of New York is honored to welcome >
Donald Trump, the 45th President of the United States of America,
on Thursday, Sept. 5, 2024.
President Trump’s remarks will begin at 12:00 p.m. ET.
Tune in on RSBN starting at 10:00 a.m. ET.
https://www.rsbnetwork.com/video/live-president-trump-gives-remarks-at-the-economic-club-of-new-york-9-5-24/
WORLD NEWS - CHARLIE WARD SHOW W/ THE RELEASE OF OUR PRISON PLANET WITH GENE DECODE & PAUL BROOKER JGANON, SGANON
https://rumble.com/v5dhly9-charlie-ward-show-w-the-release-of-our-prison-planet-with-gene-decode-and-p.html?e9s=src_v1_ucp
BREAKING! VENEZUELAN GANGS TAKE OVER CHICAGO APARTMENT BUILDING..ECONOMY CONTINUES IN FREEFALL..
Trump News Channel
31.4K followers
https://rumble.com/v5dmqzg-breaking-venezuelan-gangs-take-over-chicago-apartment-building..economy-con.html?e9s=src_v1_ucp
Central Bank Gold Buying Doubled in July
Mike Maharrey
September 3rd, 2024
·
https://www.moneymetals.com/news/2024/09/03/central-bank-gold-buying-doubled-in-july-003427
DD....Aris Mining Corporation (Aris Mining or the Company) (TSX:...
https://ih.advfn.com/stock-market/AMEX/aris-mining-ARMN/stock-news/94431244/aris-mining-publishes-its-2023-sustainability-repo
DD....Pelangio Exploration Inc. NEWS -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175015670
DD....
Patagonia Gold Corp, formerly known as Hunt Mining Corp., is a Silver and Gold production company.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175002209
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172090585
DiscoverGold
2 weeks ago
NY Gold Futures »» Weekly Summary Analysis
By: Marty Armstrong | August 31, 2024
Next Monday is Labor Day, which is a holiday in the United States. NY Gold Futures closed today at 25276 and is trading up about 22% for the year from last year's settlement of 20718. Caution is required for this market is starting to suggest it may now decline on the MONTHLY level. Presently, this market has been rising for 10 months going into September suggesting that this has been a bull market trend on the monthly time level which has been confirmed by electing all of our model's long-term Bullish Reversals from the key low.
ECONOMIC CONFIDENCE MODEL CORRELATION
Here in NY Gold Futures, we do find that this particular market has correlated with our Economic Confidence Model in the past. The Last turning point on the ECM cycle low to line up with this market was 2022 and 2015. The Last turning point on the ECM cycle high to line up with this market was 2020 and 2011 and 1996.
MARKET OVERVIEW
NEAR-TERM OUTLOOK
The NY Gold Futures has continued to make new historical highs over the course of the rally from 2015 moving into 2024. However, this last portion of the rally has taken place over 9 years from the last important low formed during 2015. We have elected four Bullish Reversals to date.
This market remains in a positive position on the weekly to yearly levels of our indicating models. Pay attention to the Monthly level for any serious change in long-term trend ahead.
From a perspective using the indicating ranges on the Daily level in the NY Gold Futures, this market remains moderately bullish currently with underlying support beginning at 25198 and overhead resistance forming above at 25385. The market is trading closer to the support level at this time.
On the weekly level, the last important high was established the week of August 19th at 25704, which was up 11 weeks from the low made back during the week of June 3rd. Afterwards, the market bounced for 11 weeks reaching a high during the week of August 19th at 25064. Since that high, we have been generally trading down to sideways for the past week, which has been a reasonable move of 1.704% in a reactionary type decline. Nonetheless, the market still has not penetrated that previous low of 23042 as it has fallen back reaching only 25266 which still remains 9.651% above the former low.
When we look deeply into the underlying tone of this immediate market, we see it is currently still in a semi neutral posture despite declining from the previous high at 25704 made 1 week ago. Still, this market is within our trading envelope which spans between 21978 and 26480. The broader perspective, this current rally into the week of August 19th has exceeded the previous high of 24884 made back during the week of July 15th. This immediate decline has thus far held the previous low formed at 23042 made the week of June 3rd. Only a break of that low would signal a technical reversal of fortune and of course we must watch the Bearish Reversals.
Right now, the market is above momentum on our weekly models hinting this is still bullish for now as well as trend, long-term trend, and cyclical strength. Looking at this from a wider perspective, this market has been trading up for the past 6 weeks overall.
INTERMEDIATE-TERM OUTLOOK
YEARLY MOMENTUM MODEL INDICATOR
Our Momentum Models are declining at this time with the previous high made 2020 while the last low formed on 2023. However, this market has rallied in price with the last cyclical high formed on 2023 and thus we have a divergence warning that this market is starting to run out of strength on the upside.
Interestingly, the NY Gold Futures has been in a bullish phase for the past 21 months since the low established back in November 2022.
Critical support still underlies this market at 22840 and a break of that level on a monthly closing basis would warn that a sustainable decline ahead becomes possible. Immediately, the market is trading within last month's trading range in a neutral position.
DiscoverGold
DiscoverGold
2 weeks ago
Gold’s Defiant Summer
By: Adam Hamilton | August 31, 2024
Gold is finishing one of its most-defiant summers in memory. Gold rallied to new record highs in recent months despite odds stacked against it. Gold was extremely overbought heading into summer 2024, its primary drivers weren’t performing well or really favorable, and the AI stock bubble continued to distract investors. Yet gold defied all that to power higher on balance through June, July, and August, a bullish omen.
When thinking about my weekly web essays, the ideas come before the titles. I knew what I wanted to write about this week, but hadn’t figured out the right word. To concisely describe gold’s latest summer, I thought about elevated, outperforming, remarkable, record, and awesome, but nothing was quite right. Then it came to me as I was pondering long-weekend activities for my family in the Colorado mountains.
In addition to the usual hiking and exploring, whitewater rafting came to mind. The first time my kids did that was near Glenwood Springs on the Colorado River. While that town and surrounding mountains are fun, its name is unfortunate. As a silver-mining camp in the late 1800s, it was originally called “Defiance”! That’s far cooler, but was lost after the founder changed its name to remind his wife of her boring Iowa hometown.
Gold’s summer has truly been defiant, boldly resisting opposing forces. Market summers run June, July, and August proper. As of midweek, gold had rallied an excellent 7.7% summer-to-date with just a couple trading days left. Annualize that, and gold has been powering higher at a blistering 30%+ pace in recent months! This proved gold’s fifth-best summer performance in the modern era of the past quarter-century.
Normally gold mostly drifts sideways to lower in early summers before its autumn rally gets underway in July then accelerates in August. On average during gold’s 20 bull-market years since 2001, it rallied 2.6% through the entire market summer. But during summer 2024 gold tripled this seasonal average! That exceptional strength is evident in this chart updated from my latest gold-summer-doldrums essay.
My first one this summer, it was published in early June. This chart individually indexes each gold-bull summer to 100 as of May’s final close. Then all these summer indexes are averaged together to distill out summer seasonality. This year’s indexed action is rendered in dark blue, last year’s in light blue, previous years’ in yellow, and the pre-2024 average of all of them in red. Gold certainly outperformed this summer!
Normally gold meanders in a summer trading range of +/-5% from May’s final close. That was the case for much of summer 2024, until gold’s upside breakout in recent weeks. Gold poked its head above that resistance briefly in mid-July, surging to a single nominal record before pulling back considerably. That driving big 1.8% up day was defiant, as that morning saw a Fed-hawkish upside surprise in US retail sales.
But gold failed to hold that mid-summer breakout, and fell 4.2% over the next week or so. A few weeks later in early August, gold caught a strong 1.6% bid on festering higher levels of US weekly jobless claims. Then two trading days later it surged another 1.7% to its second summer-2024 nominal record on geopolitical news. Israeli intelligence warned that it believed Iran was preparing a major strike against Israel.
The US responded by ordering a carrier strike group steaming towards the Middle East to “accelerate its transit”, and said a guided-missile submarine was already in that theater. Gold would achieve four more nominal record closes in subsequent weeks, for six total in summer 2024 as of midweek. Those mostly came on mounting Fed-rate-cut odds, which were usually driven by weaker economic data or Fedspeak.
Gold’s primary short-term driver is speculators’ gold-futures trading. That has an outsized impact on gold prices due to the extreme leverage inherent in it. Each contract controls 100 ounces of gold, which at $2,500 are worth $250,000. Yet those traders are only required to keep $10,500 cash margins in their accounts for each contract traded. That enables maximum leverage of 23.8x today, and is often even higher!
* * *
Read Full Story »»»
DiscoverGold
DiscoverGold
2 weeks ago
Gold CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
By: Hedgopia | August 31, 2024
• Following futures positions of non-commercials are as of August 27, 2024.
Gold: Currently net long 294.4k, up 3.2k.
Going into this week, gold went sideways at $2,540s-50s for six sessions. This continued this week before suffering a 1.3-percent tumble on Friday, losing 0.7 percent for the week to $2,528/ounce. This preceded last week’s spinning top.
Earlier, the metal posted a fresh record of $2,570 on the 20th. Before that, it went sideways at $2,440s-50s for more than three months before breaking out early this month. It is probable the yellow metal is headed for a breakout retest. Non-commercials do not seem much worried about a breach; they are net long gold futures the most since March 2020.
Read Full Story »»»
DiscoverGold
DiscoverGold
2 weeks ago
Gold Poised for Pullback Before Potential Bullish Breakout
By: Bruce Powers | August 30, 2024
• Gold completes an inside week amid consolidation, facing a potential dip to key support levels before momentum may return for a bullish continuation.
This week is set to complete an inside week for gold. Friday was the third day in a row of lower highs and gold is on track to end the day in a weak short-term position, below yesterday’s low and it is set to close in the lower quarter of the day’s range. Further, it may close today’s session below yesterday’s low.
Low Volatility Prolongs Uncertainty
Given the lack of momentum as gold has been consolidating in a tight range for 10 days, it looks like it may dip again to test support around the top of a symmetrical triangle pattern. The most recent minor swing low of 2,471 along with the 20-Day MA at 2,474 can be watched along with the top line of the triangle (purple). If the top of the triangle fails to hold as support a test of the lower 50-Day MA may occur. It is currently at 2,421 and can be watched along with an internal uptrend line.
Waiting for Follow-though After Bull Breakout
Gold trigged a breakout of a symmetrical triangle into new record high two weeks ago. And it was confirmed by a daily close near the highs of the breakout day and at a new record high. Volatility has since diminished resulting in a 10-Day price range from 2,471 to 2,532. If it can’t get going soon there is an increasing likelihood that another pullback lower may come before momentum returns.
Inside Week Sets Up
The highest price for gold this week was 2,529 and it provides an initial price level to signal an upside breakout that could see a bullish continuation. An inside week represents consolidation on that time frame. Gold is set to complete the month in a bullish position, above the halfway point of the month’s trading range. Not as strong of a bullish indication as it could be but still bullish, nonetheless.
Bullish Above 2,532
A rally above the August high of 2,532 will signal a continuation of the bull trend. There is an initial upside target at 2,566, which comes from a long-term indicator. An extended target of a large rising ABCD pattern completes there. There could be signs of resistance once reached or gold could continue higher to complete a small ABCD pattern (purple) at 2,595 and possibly reach the initial target from the symmetrical triangle pattern at 2,604.
Read Full Story »»»
DiscoverGold
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stockwrestler2
9 hours ago
nowwhat2
4 days ago
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