US deficit of $293B FOR JUST THE MONTH OF MAY.
Almost $10B/day.
Absolute disaster from which we will never recover.
Complain all you want about gold being down from its January highs but the short term doesn't matter unless you're using the weakness to add to your stack.
Gold fell more than 1% to touch $4,022 per troy ounce on Thursday morning, its lowest level since late November, putting it on course for its worst quarter of performance in almost a decade. https://t.co/Znqm7K8UzQ
The Wedge Goes XXL. The biggest waves in years, a crazy rescue, and major props to the lifeguards. Watch all the action, and a little pain at the link. https://t.co/Zw1Iqpne1R
The numbers are becoming absurd. Federal debt has surpassed $37 trillion. Interest payments are now among the largest items in the federal budget. The Pentagon budget is approaching $1 trillion annually. Yet the solution is always more spending, more deployments, more foreign obligations, and more promises that American taxpayers will ultimately be forced to finance.
BREAKING: The European Central Bank officially hikes interest rates by 25 basis points, citing renewed inflation amid the Iran War.
This marks the first major central bank interest rate hike since 2023.
Rate hikes are officially back.
I like big dips and I cannot lie.
Especially in a #gold bull market.
2008: gold -29.5%, GDX -71%
2020: gold -28.7%, GDX -57.3%
Today: gold -24%, GDX -35.5%
Painful? Yes. Unusual? No.
I’m not panicking or dumping quality names.
I’m looking for bargains.
https://t.co/YlbPuPn0EK
Great interview with @RealRickRule and our Chairman & CEO, Paul Huet, discussing the silver market, domestic antimony supply, and the growth opportunities emerging at the Galena Complex.
As demand for critical minerals continues to accelerate, Americas Gold and Silver is well-positioned as a growing North American silver and antimony producer.
#USAS #Silver #Antimony #CriticalMinerals #Mining #Investing #RickRule #RuleSymposium #SilverMining #USAMining
Silver 🥈 — $64.18 — staying above the weekly cloud is crucial 👇👇
From 6/7: “[…] with almost no wicks at the bottoms of the June 5th candles for gold, silver, or platinum, it should come without shock if the new weekly candles start off looking scary and wind up having large down-wicks by the end of this week or next.”
👉👉 https://t.co/Rc4jt21g2z
A weekly close above $67.62 would be a good start, this week or next 🧘🏼♂️🥈🫡
A major milestone for $USAS $USA.TO
The Company has closed its previously announced agreements with Sprott Mining Inc. and International Royalty Corporation, removing all remaining silver and gold delivery obligations and further strengthening its financial position.
With a simplified capital structure and greater leverage to precious metals prices, USAS remains focused on advancing growth at the Galena Complex, and Cosalá.
Read full release here: https://t.co/H5N2af6TVe
#USAS #SilverMining #Gold #MiningStocks #Antimony #PreciousMetals
Silver dropped almost 50% from June 1968 to November 1971, and then rallied ~420% into February 1974.
Silver then dropped ~43% into 1976 and then rallied ~1150% by January 1980.
Silver dropped 60% from March to October 2008 and then rallied ~490%.
Gold dropped almost 30% in late-1973 and then rallied almost 100%...and then dropped ~25% and then rallied another 45% all by January 1975.
Gold dropped 50% in 1975 and 1976 and then rallied ~770% by Jan 1980.
Gold dropped ~26% in 2006 and then rallied 90%.
Gold dropped ~35% in 2008 and then rallied 180%.
This sell-off since January 2026 is now the third largest silver has ever had within the context of a bull market, and for gold it's the the fourth largest...almost on par with the 1973 correction and nearly on par with the Great Financial Crisis. In terms of time from top to bottom, this is more akin to the 1973 correction (about 20 weeks) or 2006 (about 20 weeks).
All of these drops led to enormous V-bottom rallies, some so rapid that if they repeated today it would mean $8000+ gold by October.
Mid-Week Macro
June is supposed to be a quiet month. It has been noisy. The S&P 500 roared to 7600 (which few expected), and then quickly retreated 4.5%, closing today at 7266. If 7000 doesn’t hold, then we could see a 10% correction, or more.
Gold and silver have been soft in recent weeks, and this sell-off on Wall Street gave investors a reason to dump both. Gold is now down 27% from the January ATH. Silver is down 47%. The HUI is down 35%. Ouch, 35% is a deep correction for gold/silver miners. Many of you are likely down 40% or more. Welcome to the volatility of gold/siver/miner investing.
I’ve been through so many of these that they have become routine. I know they are coming, so I always keep some powder dry. Today, I was buying stocks. You have to treat deep corrections as opportunities to stack shares. I added shares to about ten stocks that were underweight. Some of you likely gambled that we would avoid a deep correction and did not keep any powder dry. Try to have some for the next correction, because it’s coming. It always does.
This investing journey in gold/silver miners will not be a straight line to the top of the mountain. It will be more like a roller coaster of ups (runs) and downs (corrections). If this gold bull market has legs (and I’m confident that it does), then the next run is coming, although it might be a few months from now.
Gold traded below $4100 today. That brought $3500 into the picture, which is the next significant support level below $4100. I’m hoping that $4000 or $3800 holds, but we might see $3500 this year. Let’s hope not, but if we do, it will likely be short-lived. Why? Because the battle between the S&P 500 and gold is likely to be won by gold. That is the final battle, and all that matters.
#GOLD is now -27% from it's 52w high in 133 days.
Last time #Gold dropped -25% or more in such a short order was around 2006-2008. Both leg ups after those selloffs saw #Gold rise 90% and 182%, but it took 2-3 years.
Im in the camp where it will take 6-12 months this time. But damn this selloff is starting to get brutal.