Silver Rocket 🚀

[Nostra, House of Gold @Nostre_damus]

Jim Cramer calls Gold "bad money"

Thank you, Jesus

[TF Metals Report @TFMetals]

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.

[Ronnie Stoeferle @RonStoeferle]

Gold <200-DMA. Silver <200-DMA.

Gold Miners Bullish % Index = 0.00.

The only other time miner sentiment hit absolute zero was the Dec 2015 bottom — right before lift-off.

Peak pessimism, meet contrarian. In Gold We Trust. 🥇

#gold #silver #goldstocks ht @B@Brien_Lundin for the chart!

[Silver Rocket 🚀 @SilverRocket18]

@MBAeconomics1 Small dollar amount probably just hedging tail risk.

[maneco64 @maneco1964]

Gold Miners Bullish percent Index. Zero.

[Oliver Groß @minenergybiz]

The Gold Miners Bullish Percent Index drops to zero. Yes, you read that correctly. Historical 👀🔥
Total capitulation.

[Otavio (Tavi) Costa @TaviCosta]

This is kind of headline you tend to see at the bottom.

Act accordingly.

https://t.co/LCaBIWQ8ZE

[Silver Rocket 🚀 @SilverRocket18]

No matter what the CPI reading is (unless its a HUGE deviation from expectations) Silver will trade opposite to whatever the most recent trend has been - CPI will be used as a catalyst to chamge directions. Since we are washed-out on almosr any metric in the short-term thay means we should print higher...perhaps sharply so!

[TSCS @SCapStrategist]

Everyone selling gold right now is selling for one reason, printed on the screen. Real rates are rising, and the oldest rule in the book says you do not own gold when real rates rise.

That rule is correct in normal times. These are not normal times.

For a decade it was mechanical. Plus 1.1 percent real yield in 2018, gold 1,220. Minus 1 percent in 2020, nearly 2,000. Real rates up, gold down. Clockwork.

Now look at today. The ten year real yield is about 2.2 percent, near the highest in fifteen years. A simple model says gold should be near 1,000.

It is 4,480.

The relationship did not bend. It broke. Gold more than doubled while real yields sat at the multi-decade highs that used to cap it.

Here is why the rule reversed. Rising real rates on a government that cannot afford its own interest bill is the most bullish setup gold can have. That government either defaults, catastrophic and wildly bullish for the one asset that is nobody's liability, or it prints to cap yields, also bullish. There is no third fucking door.

So the very thing scaring people out of gold this month is the thing that sets up the next leg.

The selloff is the buy signal.

[Silver Rocket 🚀 @SilverRocket18]

@silvertrade PLENTY of my own blood today. Lost the equivalent of 4 Houses but I bought more of the most beaten down, profitable well-run miners!

[SilverTrade @silvertrade]

🚨Absolute BLOODBATH in gold, silver, & the miners today.

The advice of Baron Rothschild comes to mind:

Buy when there's blood in the street...even when the blood is your own!

[Alasdair Macleod @MacleodFinance]

Gold Open Interest Collapses To Lowest Level In Decades! https://t.co/eP9PkFR3kp

[Contango Silver And Gold @OreContango]

The team is officially back underground at Lucky Shot. Over the weekend, mining crews initiated development on the West Drift extension, an important step in advancing the project and continuing to test the continuity of the recently discovered KM Vein system.

It is great to see underground development activities underway once again at this historic Alaska gold project as the team advances work on what could represent a significant new high-grade vein system.

A big thank you to the crew for the strong start and continued focus on safe and efficient operations. We look forward to providing additional underground photos and operational updates from site in the coming weeks.

$CTGO

[Defiance Silver Corp. @defiancesilverc]

The company continues to consistently encounter high grade #silver mineralization in multiple mineralized zones with lateral and vertical continuity in the Veta Grande system. High grade results over wide widths were encountered in Holes DDSA-25-75, 25-76 and 25-77.

Read more: https://t.co/iu36F58RG5

$DEF.V $DEF $DNCVF #juniormining #mineralexploration #silverstocks #exploration #investing #drilling #geology #explorationupdate

[Barchart @Barchart]

BREAKING 🚨: U.S. Dollar

Gold has overtaken U.S. Treasuries as the World's Top Reserve Asset 🤯👀

[Judy Shelton @judyshel]

Gold replaces US Treasuries as world’s top reserve asset, ECB says https://t.co/j5msxLhA41 via @ft

[Digger ⛏️ @Digger_Vern]

Livermore's speculative #Silver chart remains an interesting roadmap.

If point 7 is indeed in place, the next phase could be where things get interesting.

First things first: price needs to reclaim and hold above the previous high.

Pattern recognition is not prediction, but the setup is worth watching.

[Make Gold Great @MakeGoldGreat]

CENTRAL BANKS WILL BUY THE DIP.

[SilverTrade @silvertrade]

🔥Mr. Silver himself has made the cover of Forbes:

Meet The Billionaire Who Has 98% Of His Fortune In Gold And Silver

Eric Sprott began investing in precious metals in the 1980s. His bets have grown FOUR-FOLD in just two years and boosted his net worth to over $3 billion.

📸 by Aaron Kotowski
https://t.co/35EJz8Aaww

[Jordan Roy-Byrne CMT, MFTA ⛏⛏ @TheDailyGold]

Everyone’s still waiting for “the crash.”

Gold has already dropped 27% this year (33% in the GFC).

Silver’s been crushed 50% (60% in the GFC).

No crash in precious metals is coming, but we’ve completely washed out bullish sentiment and injected a fresh dose of doubt.

A few years ago, people waited for a crash too, while Gold quietly built a handle and went nowhere for three years.

Thanks to the 2008 Boogeyman for another beautiful Wall of Worry to climb.