hanging in as if new base is $$2400

better yet $$90 downmove 2437 to 2327 watch the rebound nxt week

Shanghai at the mormment 2430

Shanghai gold tonite USD $$2440

As everyone can notice, neither gold nor silver wants to give more than wee bits of retrenchment, but seem quite upwardly mobile

Is 2400 the new base for Metal Gold?

Seems a lot of people are stumped. 1. Its a Central Bank, 2. and Have NO long position in GOLD, metal or paper.

Let's see who knows this answer ?: Who (Central Bank) has the biggest short position in GOLD, metal and paper ?

Happy Holiday everyone. BETA TEST #1 finished in the context of LITTLE STOCKS BIG STOCKS (Miners n RECCO Pix), and it turned out almost like I expected with a bit of a Twist.
From here I am composing BETA TEST #2, which will be oriented for BUY and HOLD vs TIMINING/TRADING.
If you would like to include or observe, drop me a note here with BETA #2 in the subject line. Its FREE and probably will have RECAPS I think weekly.
Meanwhile BEST
TB

There are four new Reco's in this Mo's DGS, so let me know if you wish a copy of that and the BETA Report.

TB

AS to BRICs Currency and GOLD DRAIN In Accounting 101 we learn of Double Declining Balance, where the depreciation is doubled each increment until it reaches ZERO.   In concerns about draining an Entities Gold Balance,  the Opposite Analog of DDB is used, so it is DOUBLE INCREASING BALANCE using an increment, perhaps 5 or 10 Oz.The point here is both Mises and Armstrong outline what I consider an unarguable case for COIN exchange or convertible Gold Standard so that  the GOLD of any entity cannot be drained with fiat currency.  Further restricting fiat would be prohibiting PREVIOUSLY issued FIAT from being used in this manner.NO one knows how much US $ are out there, Euro-Dollar style, unregulated and unaccounted, so the DOUBLE INCREASING BALANCE would absorb them faster than you can say "Jumpin' Jack Flash" while moving the METAL GOLD PRICE to its TRUE EXCHANGE PRICE, so long suppressed.   For example letsuse a realistic 5 OZ increment.   The most any body like Exchange Stabilization Fund (ESF) steadily buying 9 OZ increments, continually providing demand ?Since it could NOT prove the funds used to purchase were  pre-issued, its supply of Dollars it would become a liability on the FED's balance sheet.  Now lets try the $Dollar Wave attack, 100 OZ at a time.   First purchase is 5 oz at $2130 last coin price.  2nd purchase 100 oz(max) @ $4260;  Insufficient pain?  OK lets have a 3rd Purchase 50 OZ (Double Declining Balance, so /2) @ $ 8520.   So each increment doubles the price and halves the quantity.  Ask yourself how many doublings before it surpasses the $ 33,000 amount figured on the "Back of the Envelope"?  So after the Raiders exercise in futility, if the price achieved reverts to a 2/3 correction, the market price now is $ 2850 Dollars, which is now the base from which market exchanges take place, and where any RAID must start.At least Gold BUGS, Gold Holding Indebted Countries are no longer crying in their Beer or Ale.  In My Opinion, Gold Demand will appreciate, as any dips or downdrafts, will be met with the veracity of predator fish under a school of baitfish..  It Ain't  that complicated, really don't even need an algo....!!!     Since we don't, can't know how much Euro-type Dollars are out there will be disqualified from this manner of exchange, whereas ONLY new entries to the liability side of the Central Banks, balance sheet. can be used to obtain Gold Metal.   Good for honest holders, bad for fiat printers.    These are only a few of the elementary means of putting a "Cheater Excluder" in place, much like Beaver Excluders are used to preserve roadway culverts.  Not that hard, even engineers can do it.  I say to the Cheaters " TURNABOUT IS FAIRPLAY", so read the cards in BRIC's hand and weep.   Ha Ha, waiting since 2012 kinda gives me enough fuel to write this.   Best to all GOLD BUGZ ! ! !
TB

Your insights into the mining sector are impressive! I'm intrigued by the potential in Romania, India, Myanmar, and the Eastern European countries The companies you mentioned https://yowaapp.download/, like GBU, JUGR.V, NIM Nicola Mining, and Reunion Gold, are on fire with their recent successes. Jurisdiction matters, and it's fascinating to see how it impacts mining opportunities. Keep up the great analysis!

Love those $100 volatility days at KITCO we usta have. Today must have been a "Bric-cup" but only 40 bux so far. My friends VOOLFIE and MADTIG down in IV got it down very right in calling that one. I notice there were a rash of mergers and buyouts in the laundry field and this should be prescient given how many so-called Movers and Shakers are going to soil themselves as Basel 3 and the BRIC's combo to shake up the currency markets. Seems to me a complete reading of Germany after WWI up to the CRASH OF '29 should give you a reasonable menu and schedule of what might be happening now forward. I think it will get crazy to the time of the BRIC's as TPTB try to scare people from Gold acquisitions. That is a SWAG, Scientific Wild-Assed Guess.

Well IS ANY ONE on First? OK lets try: Romania. India, Myanmar (we dont need to name Russia or Ukraine or China), and if you want to focus smaller, all of the Eastern Euro counties W of Russia. Oh Yes BRIC's, indeed building materials for a new financial system, maybe. All LITTLES today, so you guess. Ya GBU is neck deep in disputers with Romania over GBU's mine. But GBU is smokin' setting a new high. JUGR.V, out juggie, is smokin' hot on a new hi, all BC jurisdiction, NIM Nicola Mining is smokin'on a hew hi as well. I use the term "smokin'" cause I know moves can cool, but now they are HOTTTT !! Reunion Gold RGD.V is steadier than HOTT, but still on a new Hi working in Guyana, so far a good juridiction. Sintana Energy SEI.V it is in exploration and development in Columbia, which I am watching as a jurisdiction but not ready for Recco.. This is something where you can pick the jurisdictions you like. The first three are home-free for me as jurisdictions, Guyana is on approval, and Columbia will wait till I watch it further. What about the rest of the world? No where near as important TODAY as what is happening in the arena of good MINING setups. More Later.
DG / TRADER BLACK

Was it FUN TODAY? Gold closing out the day at about $1963. As the Breadth in the MINER stocks yo-yo's, it was interesting to see that only one stock, OPHIR GOLD, OPHR.V, owner of the Breccia project. $39 Mil Market Cap. It was the only stock that passed my Scan requirements. No other stocks big or small made that cut. No big stocks made it.

Good Morning July 25, 2023

Watching the Metal price for Gold is as good as watching a Wimbledon Match. The first and bigger runs were exciting, now its merely boring.

We are open here for discussion of your opinions and info on Miners and Metals. We are a free speech board, moderated by myself.
My current blog ishttps://denaliguidesummit.com/" rel="nofollow" target="_blank" >insert-text-here. The chat I had on Pro-Boards did not work due to the complexity of posting.

We are BETA testing the difference between Larger and Small Miners as recommended in the DGS Letter, the comparison ending Aug 31.
At that time we will consider another IH Board for BETA comparison of Large vs Small miners as gleaned from Daily Scans within StokCharts.
This is Trader Black 1 (DG) moving on. C'mon aboard, and share as you will.