See, I have that power. Gold miners will all go up today I don't own any of them. I'll do ok on silver but copper is curiously down so far.
Rebought NGD and CXB on the dip today. Added more EDR ( Silver ) yesterday on a dip. Short leash on the Gold miners if Gold itself shows any weakness.
Not what I'm seeing but my trades are all about getting into stocks that will move that got really oversold when metals dropped. When Gold broke $1690 area I abandoned my remaining Gold positions. The move yesterday broke momentum we'll see if it sticks. With the dip in the morning my prices were reasonably close to where I sold them Friday.
Gold is dead money. https://schrts.co/viYqdXYz There are much better places to spend your time than fighting this (like the SPY, by definition): https://schrts.co/ntuQBPyu That's some tough sledding.
Down the tubes.... Airport Staff Notices Man ‘Walking Strangely’ — Then Finds Over 2 Pounds Of Gold https://allthatsinteresting.com/rectum-gold-smuggler ...a Gold Call https://elitetrader.com/et/threads/...at-right-here-baby.343012/page-8#post-5346112
Gold and silver miners I follow are starting to gain some traction, take out some minor short term resistance. Basically they were all way oversold if Gold holds $1700 and Silver $24.
Gold testing disrupter Chrysos prepares to list Simon EvansSenior Reporter Apr 28, 2021 https://www.afr.com/companies/mining/gold-testing-disrupter-chrysos-eyes-asx-20210426-p57mjr A gold sample testing company aiming to disrupt the $1 billion industry with x-ray technology that dramatically cuts the time taken to analyse samples on-site is eyeing an ASX listing as it wins a string of new contracts. Chrysos Corporation, which has the CSIRO as a 26 per cent shareholder, has just secured a new financing facility with Commonwealth Bank of Australia. Chief executive Dirk Treasure said on Wednesday the company is seriously considering an initial public offering early next year as growth accelerates. “The goal has always been to move to a listing,” Mr Treasure said. Chrysos Corporation CEO Dirk Treasure says the new technology is a game-changer in an industry worth $1 billion. The large testing units, which are about the size of three shipping containers side-by-side, are in demand and global mining giant Barrick Gold is preparing to install one at its Bulyanhulu gold project in Tanzania this year. Chrysos and London Stock Exchange-listed Intertek have also just signed an agreement to install two Chrysos PhotonAssay units at Intertek’s new minerals global centre of excellence in Perth. The new facility is set to open in July and will consolidate Intertek’s minerals operations into a single 19,000 square metre building with 500 staff. A total of 13 units are now either in use or contracted. The Chrysos process uses high-powered x-rays to bombard rock samples on site and activate atoms of gold and other metals. A detector is able to determine their concentrations. The company in 2016 acquired the technology which had been developed by the CSIRO. Mr Treasure said the Chrysos units were better in every way than traditional gold assay testing which had been in use for hundreds of years. “We kind of tick every box you want in a comparison,” he said. The technology aims to replace the fire assay test where samples are usually sent away to a laboratory and heated to 1200 degrees to find out how much gold the samples contain. Investment bank Morgan Stanley is working closely with Chrysos, which takes its name from the Greek word for gold. Mr Treasure said the company, which has its headquarters in Adelaide, now has contracted revenue of $60 million-plus. Chrysos has secured a debt facility with CBA with an initial value of $7.5 million and “an expectation for this facility to grow over time”. The company is continuing to “balance rapid, highly profitable growth with capital commitments that must be made 18 months prior to deployment”. The complexity and scale of the testing units means there is an 18-months lead time for orders. Mr Treasure said the gold analytics services industry around the world is worth $1 billion. Chrysos has also struck a global partnership with MSALABS, a large player in geochemical laboratory services, to deploy at least six of the large units around the world. Chrysos does not sell its large units outright to customers, but leases them in a one-stop shop which also includes regular maintenance and servicing. This delivers a regular earnings stream and Mr Treasure said it also ensured the machines were kept in tip-top condition. “The mining industry is fairly bad at taking on new technology and then leaving it in the corner and gathering dust,” he said. Chrysos says large samples of up to 500 grams can be assessed using its technology without being destroyed as they are in the traditional process. Chrysos raised $30 million in a pre-IPO funding round about 18 months ago and Mr Treasure said the timing was right to head to public markets soon.
Hunt for 48 crates of Hitler’s gold worth $900 million hidden in Polish palace Treasure hunters are about to begin a search for crates of Adolf Hitler’s treasures in an old Polish palace, after following clues in an SS officer’s diary. Treasure hunters are hoping to dig up 48 crates of Adolf Hitler’s hidden gold worth around $900 million at a Polish palace used as a brothel by his SS henchmen. The team of treasure hunters will begin the archaeological excavation at the 18th-century palace in the village of Minkowskie in southern Poland next week and hope to unearth 10 tonnes of gold and other riches. The swag was stolen towards the end of World War II under the instruction of SS boss Heinrich Himmler, to fund the creation of a Fourth Reich. It is also thought to be made up of jewellery and possessions treasured by Germany’s elite who lived in the area and gave the Nazis their valuables to avoid them being snatched by Russia’s advancing Red Army. .....more, continue reading...... https://www.news.com.au/travel/trav...e/news-story/e79196e137e13e5976652e4f0aba3942