Financial professional focusing on Macro Markets, Monetary Metals & Miner analysis, market trends, price levels, momentum, sentiment and daily COMEX activity.
Joined March 2009
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There are more homes for sale, fewer buyers willing or able to purchase them, and mortgage rates are back above 7%. Meanwhile, researchers visiting neighborhoods firsthand are questioning how much housing supply is visible in the official numbers.
Furthermore to this, I just noticed Nick Gerli was on Adam Taggart and talked about how even though national price averages overall haven't gone down because there is a shortage in some places like the northeast, certain regions have been hit hard. Here is a listing of the hardest hit cities so far.
No, but there are unusually large positions in those tech companies, and most that own the don't own much else. I don't think that was all of it, and I think it was more bank manipulation than anything, but I do think down here banks will start covering more of their short positions and it should rebound soon.
But if tech starts to struggle, and the stock market in general, and bonds don't look good, people will eventually go to the monetary metals, like they have in other periods. The allocations to metals and miners overall and in ETFs is still unusually low.
Lahontan is trading at a substantial discount right now. It hasn't been this cheap since early February and is nearly 50% off it's high. Great CEO too who is managing a Nevada Gold Mine Restart With a Growing Resource
I think a bit part of the reason the metals got hit so hard is because tech got hit hard and people got margin calls and had to liquidate positoins. A 2.6% drop in the Nasdaq is huge for a broad index like that. Eventually, if it continues, capital will rotate to safer options.
He probably keeps asking Bessent if we can just file bankruptcy. "I swear it works. I've done it many times!"
Wow, that's crazy, I wonder why. I wouldn't have guessed that. Maybe I should move there and start putting in low offers, but I expect the same in Austin where I currently am.
I'm pretty sure this is what @DonDurrett is waiting for for the metals and miners to really take off.
I guess it depends on what you mean by first. I think there may be one more rate hike, but at some point, I think the market tips over and they start cutting, perhaps rapidly while also providing liquidity, because margin debt is at record levels so if the stock market starts to unwind it will be a cascading event as sells continue to get triggered...the boomers will take all their money out of their 401ks, etc.
Then, massive liquidity injections, rate cuts, and that is when gold and silver take off, along with the miners. ETF allocations to metals and miners are at fractions of what they were in 2008...and miners relative to gold are at about a third of what they were at any time prior to 2013.
IAMGOLD (IAG) reports Q3 Côté Gold production of 92,000 ounces, including 64,400 attributable ounces.
September processing averaged a record 37,100 tonnes daily, exceeding nameplate capacity. However, management now expects annual production toward the lower end of existing guidance.
newsfilecorp.com/release/320…
The coming generational transfer of housing wealth could change not just how many homes are for sale, but how much sellers are willing to accept.
A significant development in U.S. cryptocurrency regulation. Federal banking regulators have finalized major rules governing stablecoin reserves, redemptions and supervision. The regulations take effect January 18, 2027.
One interesting issue involves stablecoin rewards. Issuers cannot pay interest simply for holding their tokens, but certain third-party rewards arrangements may still be permitted. This could become an important competitive issue between cryptocurrency platforms and traditional banks.
Stablecoins are increasingly becoming part of the broader financial system, making their regulation relevant well beyond cryptocurrency markets.
Serabi Gold (SRBIF) cuts its 2026 production outlook from more than 53,000 gold ounces to approximately 44,000 ounces.
Permitting delays at its Coringa mine are preventing additional ore from reaching the expanded Palito processing plant. The company's existing trial mining license expires in January 2027.
rss.globenewswire.com/news-r…
France's 10-year government bond yield has climbed above 5%, its highest level since 2002. For the first time in 13 years, French government borrowing costs have exceeded those of the United States.
Investors are demanding greater compensation for concerns about France's finances and political instability. Rising sovereign borrowing costs deserve attention, particularly when governments already carry substantial debt.
Persistent fiscal uncertainty could eventually strengthen demand for gold, although higher interest rates remain a competing influence.
reuters.com/world/china/glob…
I think most young people that inherit a house will sell 10% below appraisal with no problem. They won't have the attachment of what it was once worth. Or 20% below.
It would still be hundreds of thousands they could use to pay off student loans, credit card debt, buy a new car, or put in savings. Or they live in it if they wanted a house, and avoid rent, assuming it's paid off.
I guess it depends on what you mean by first. I think there may be one more rate hike, but at some point, I think the market tips over and they start cutting, perhaps rapidly while also providing liquidity, because margin debt is at record levels so if the stock market starts to unwind it will be a cascading event as sells continue to get triggered...the boomers will take all their money out of their 401ks, etc.
Then, massive liquidity injections, rate cuts, and that is when gold and silver take off, along with the miners. ETF allocations to metals and miners are at fractions of what they were in 2008...and miners relative to gold are at about a third of what they were at any time prior to 2013.
And here are the Silver Miner rankings #17-#32
xitter.cf/BrianGoodner/status/21…
Two developments in European financial markets deserve attention.
UK inflation accelerated to 3.5% in September, while government debt exceeded £3 trillion for the first time.
Meanwhile, France's 10-year government bond yield reached 5%, its highest level since 2002.
Higher inflation and rising borrowing costs are creating additional challenges for heavily indebted governments.
This doesn't necessarily signal an approaching debt crisis, but it raises important questions about fiscal sustainability.
Gold could benefit from declining confidence in government finances, although higher interest rates remain a competing influence.
Hochschild Mining (HCHDF) reports Q3 attributable production of 54,732 gold ounces and 1.48 million silver ounces.
The Mara Rosa turnaround continues gaining momentum, with September delivering its strongest gold production of the year. Full-year guidance remains unchanged, and net cash increased to approximately $91 million.
Fresnillo (FNLPF) reports Q3 silver production of 10.32 million ounces, down 11.6% year over year and 5.5% sequentially.
Lower ore grades at several major mines contributed to the decline, although the company maintained full-year guidance of 42–46.5 million silver ounces.
investegate.co.uk/index.php/…
