➡ The article discusses the fluctuating market trends, focusing on gold and silver. It suggests that the market could swing either way due to various factors, including negotiations between the US and China. The author believes that gold could become the hub of global wealth, with the potential for its value to increase if the dollar weakens. The article also mentions the possibility of a shift towards a gold-based currency, and highlights the importance of being aware of global political events that could impact the market.

➡ The Porter project, a historic silver producer in northwest BC, has a large area of silver mineralization ready for expansion. It consists of 15 claims, 46 crown grants, and about 3192 hectares. More information about the project and its deal with Dolly Barden can be found in the link provided.

I thought I’d do a very brief quick hit considering the weekend news and the fact that gold is down $100. Welcome to this morning’s markets and metals with Vince Lancey, where each morning he brings you the precious metals news to get you ready for your day. Now, here’s Vince. Good morning, everyone. I’m Vince Lancey. It’s, oh boy, $7.15. I thought I’d do a very brief quick hit considering the weekend news and the fact that gold is down $100. Stocks are up 3%. So before I go through the markets, essentially, we’re going to go through the main points of what happened over the weekend, how the market is reacting now, and hopefully give the beginning of a framework of how to look forward from both sides of the debate or discussion, depending on how you look at it.

All right, top right-hand side, that’s gold. Top left-hand side, that’s the dollar. Lower left-hand side, the S&P 500, and the lower right-hand side is the VIX. Those are daily charts. Let’s leave them at that for now. Ten year yields are up 6, $444. The dollar is $101.74, $132, extremely strong. S&P 500 is $583, $167. The VIX is $1995. Down $194. Gold is $3,222. Down $102. Silver is $3,221. Down $50. Copper is $461. Up and down all night long, up $2.5 cents now. WTI, very strong. Up $220, $6,342. Natural gas, $371. Unchanged bid. Bitcoin is also volatile, but in a tight range.

$104 in change. Palladium, $963, down $11. Platinum, $982, down $15. Gold, silver, $99 in change. Soy, corn, wheat. Up 2%. Up 1%. Up 10 basis points. $10, $64, $45, $524 in change. Okay, and you can see the China data there. We’ll talk about that some other time. But China stocks are up as well. So you could see that the pattern is consistent with the news, okay? It’s risk on out of safe havens, number one. Number two, industrial commodities, including oil, are relieved. This is very inflationary looking. If you’re trying to tie the whole thing together, since we only have a couple minutes here, tying the whole thing together, if a deal gets done, you better take your expectations of rate cuts.

It’s currently like three for the year. You better drop them down to zero, or maybe one. I don’t know. But the rate cut expectations in the market are assuming tariffs would go on. So the rate cut expectations are going to be trimmed. What that does to the market, I don’t know. But if the rate cut expectations are trimmed, and a deal isn’t done, you could have a big, look, uncertainty. We’re still in an uncertainty situation, if I’m pal. All right. To the markets themselves. Well, actually, to the news item that spurred the markets themselves. And that is, bear with me here.

We’ll come to the homepage in a second. Okay. I think this is the most credible way to look at it. This is a statement from China publicly. China and the US will, on Monday, issue a joint statement reached at the two-day trade talks in Geneva over the weekend, asked what will be the exact timing for the release of the joint statement on Monday. Li Chengang, apologies if I’m not pronouncing that right, China’s international trade negotiator and vice minister of commerce replied with a Chinese saying that, quote, if the dish is delicious, then the timing is not a matter.

You talk about our idioms. All right. No matter what the statement is released, when the statement is released, it’s going to be big news and good news for the world. Li said, Chen, why how? Okay. Take that statement in combination with the US statement, which is essentially, best sense statement is the one that I pay attention to. You basically have the same thing. They’re on the same page. They’re at least coordinating their public message. And there probably is some really big news. Big doesn’t necessarily mean good, all right, in the long run, but we’re looking at the market and what it’s doing right now.

Okay, so there are the two gentlemen involved in a negotiation, and they were the ones that gave that press conference and what was said. If you’re looking to figure out at the very, very easiest level, at the basic grassroots level, what this is about, I mean, really grassroots level. This is what it’s about. The East wants multi polarity, the West wants fair trade. Tariffs have been something that nations have been using for years to protect their industry, because they were worried about the strength of the dollar. That was a kind of a data there. Right.

Balance of terror. You guys, this is us talking to the rest of the world. You guys want to use your money in transactions locally, you want a level playing field for currencies, then drop your tariffs. Trump says, if you’re not going to drop your tariffs, I’m going to bring mine up to yours. And in my meme there, that’s what best said to say, zero tariffs, go pursue your currency, have at it. You want a free, you want a free playing field, although we need to have a free and level playing field as well. That’s the grass grassroots of it, the world wants to go multi polar.

The US also wants to be less of a global reserve currency, the accord would be we need to weaken the dollar, so the world can share the stage a little bit better we’re willing to make room, my opinion. I think the smarter people are willing to make room for China on the currency stage if everyone else would drop their tariffs, and then we’ll have at it, and we’ll battle you and trade, because I think we would win, but that’s not, that’s neither here nor there. All right. Next. Next I’ll do a little reminder we had a busy weekend.

There are five posts featured. That’s the founders Goldman trade ideas that’s for founders but I left it. It’s a great picture right I love that picture. The actual story. If you’re trying to understand it and you’re not a founder, it’s low right hand corner deep dive Goldman’s option trade ideas. That’s a three hour thing on everything in preparation for China. But the first hour of it is solely devoted to trade ideas that China is recommending, not for this event, but for the next six months, so it’s really helpful. I think if you are looking, not necessarily at you want to learn about options but it’ll, it’ll give you an idea of the bias, meaning everyone’s bias bullish still and dips are being bought, they even say it in the report, you know, there’s China insurance companies on the bid underneath, and there is a quote, Asian sovereign entity.

So, there you have I think it’s, I think it’s a pretty good primer and options but at the same time it talks about the marketplace pricing itself Russia’s gold strategy offsets freeze. That’s a, that’s a piece on that. It’s a news piece right flow show I think some of you will be seeing that today. There’s the bullion bank thing. Okay, so we’re done with that. Next, the markets. The reaction, right I actually just gave you what’s actually I didn’t give you what’s looking forward to it so there’s those three levels that I have been looking at right.

The, that is the final boss of ledges for me. Okay. There’s no if this then it’s happened. Right. So for me, it’s pretty much happened I could say here’s one little hope you know No hope below this line. I think we go to moving average that’s a 30 day moving average. That’s a 50 day moving average I think below this line, we go to the 50 day moving average doesn’t have to happen tomorrow doesn’t have to happen tonight doesn’t have to happen next two days, but I think, you know, despite what I’m about to say about, it’s not over yet.

I don’t think you want to fade these moves, people have a position for them. The dip is being bought right now. That’s, if you remember I said China’s physical demand was right there. China insures and central banks, I’m not sure where the central banks are but let’s assume that the central banks and insurers are right there. The fact that they haven’t pulled back yet because we’ve stopped. Right. Maybe they have pulled back or just putting a little bit less there, a little bit, a lot less buying there. Told you that you know, there’s no done deal if there were a done done done deal, this market will be trading 3100 maybe 3000.

That’s what I think. The good news is, if you’re looking at this in a do I buy the dip. There are many, many less lungs in this market than they usually are from the US side. So there’s a lot less puking CTA is you’re going to puke. Sure. Number one, number two, as I just mentioned, sovereign entity is bidding below that’s a quoting Goldman report. And the third one is, as we have been discussing for the last. Since this day, the bullion banks were front running sovereign buying down here. So that’s it. That’s the situation so below here, you’re Nervous, right, you’re bearish to hear.

Above here, you know, not necessarily that we’re going back up, but you know that the physical demand is still there. They haven’t absorbed it, and the market could probably go the other way, you know, a lot of people were positioned for this bearishly, as discussed in the options thing. Okay. Give me a second here. Staying with the charts in a cursory fashion before we move on to what could happen. Right. There’s the dollar. You know, I saw this a couple days ago, and I actually saw it in reading Helene Helene Meisler. She’s a great old school technician, and she said, you mercy she goes if you squint And she said it right here, right around here, I was last week.

So if you squint really hard, you might see reverse head and shoulders there. And you know what looks like it’s similar to that pattern. You could describe that in stocks as well. And you could also say it’s not head and shoulders and goal, but it might be descending top, you know, cracking here. Anyway, that’s, I’m just bringing that up. All right. So there are two sides to the story that are going to be presented. I think the most important aspect for me as a meta analyst is that they’re both on the same page publicly. So they’re going back with positive messages to their people.

Not negative messages about the other guy. So US had been China needs a deal. China sucks. Right. And China was probably saying something to that effect. We don’t trust the US, etc, etc. The US sucks. Right. Now they’re going back saying productive, constructive deal. It’s again, it’s Trump. It’s bad cop, good cop, you know, he it’s like haggling with someone in Tijuana. Over something you want to buy. It’s an argument, followed by a hug. Now, it’s not a final hug by any means, but that’s how it works when you’re negotiating with Trump. The question is, if I know it, does China know it? Of course they know it.

Right. So is this over? Well, part of me says we’re looking at a developing Mao, you know, China, Nixon type of deal, where we get that whole picture I drew. Tariffs are lowered, multipolarity is encouraged, and that gold would be the hub of that. Gold’s going to be allowed to rally if the dollar is going to be weaker relative to the world. Gold could be, I truly believe and have believed that gold is the sponge for the rest of the world’s wealth, you know. Hey, our currencies are too weak. What are you going to do about it? Well, you guys don’t gold, right? Fine.

We’ll take our foot off Gold’s throat and we’ll let it go up. That’s the US talking. China, from the China perspective is, you know what, we like gold and you’re not going to put your foot on the Gold’s throat anymore. We’re going to make it go up. Right. So either the dollar is going to weaken against the world or gold is going to strengthen. And that’s what China’s been doing, de-dollarizing, taking their money off of a soft peg to the dollar and putting it on the gold. And that’s why we’ve been saying for about three years, way ahead of the curve, or maybe just wrong, that we’re moving towards a golden you want sort of this situation, which if you’re a Bitcoin, it makes you think that the US is going to switch to a Bitcoin type of situation.

At least Bitcoin has a tether for the dollar, for the bond market. Anyway, okay, so there’s the charts. There really not a lot to say. I mean, you know, I can, we can talk about gold, silver here for a second. All right. Put silver up. And put that there. Okay. Very briefly. Silver is hated. Okay. Not hated silver is used to offset gold length. And so now everyone who’s selling gold right now is buying silver. Not everyone. Some people sell, everyone is selling gold. Some people are selling gold and buying silver back. Okay. Some people are just selling silver, going, Oh, I’m long gold.

There’s news on to sell silver to hedge it. Right. But there’s there’s every, every permutation is buy gold sell silver right so now they’re unwinding a little bit so you’re seeing some silver be bought. Then you’ve got the industrial guys going, Oh, oil’s up. Copper’s up. I’ll buy copper sell silver. It just, that’s what the banks pitch all the time. They go pure play. Gold risk off pure play copper risk on silver. I call silver the Goldilocks metal, but Wall Street’s into specialization what’s so well, it’s part this part that will let’s just sell it everywhere we get.

I know that and if you listen to the The three hour video, we can use a transcript to search it. I discussed that at length. They actually say it with regards to platinum. They’re now selling platinum. When they buy gold. That’s just, that’s just how it works. That’s how the world works, unfortunately. So I believe that The gold silver thing that still has to play out. Let’s buy gold sell silver, but I think it’s just it’s going to be someone’s going to get their face ripped off. When this is done and I don’t know when it will be done, but I’m aware of it.

I will not sell silver. Right. If I buy gold, I just won’t do it. Something I would do in the past. I am looking to buy silver when this whole complex kind of bottoms, you know, but right now it’s just basically be long oil. Right. The heck with copper. It’s too volatile with too unknown. Okay. Looking ahead, we know what the US point of view is in their vision in China from mainland China and Taiwan. The word coming out is for people that are in finance from Western minds that are in Asia are coming out saying that China views this or is projecting this as what’s the phrase that was said Trump came to the table, but he didn’t kneel yet.

So they’re presenting it as the US is just as eager to do this as they are. And they’re also they’re also presenting it locally as It’s almost like I said this slow and steady wins the race. So they’re going to continue to now they’re projecting positive positive they’re playing nice nice. Right. But there’s another date coming up and it has nothing to do with trade, but it has everything to do with China’s position. And that’s made 20th made 20th is president lie from saying his name right is a speech in Taiwan. It’s an acceptance speech and how fiery he comes out will affect China’s predisposition to playing nice still.

So if lie comes out and says, you know, screw the mainland Shanghai check forever, you know, well then China’s gonna be like, you know what, she’s gonna be like, you know what, it’s not gonna be very good day for you, you know, and that’s it’s not economic economically China is really struggling. That’s, you know, that’s sovereign. That’s like their thing, you know, it’s like Alaska seceding, you know, that’s how they view it now. The dynamics are interesting and I don’t know them that well but the insight that I’ve gotten from a goal fix founder is that even though lie is essentially a representative of the US meeting Taiwan is basically US politically based.

Trump is not a big fan of his. And who knows what this guy is going to say. So may 20 is a date that I think you want to be aware of, because if he comes out fire and brimstone separate separation, then China’s going to say, Oh, you guys are doing that color war shit again, fine, let’s go back to the table, and we have no problem. Being a little more authoritarian with our people but we’re not going to do that shit. I mean, I don’t know that’s going to happen but these are things you have to think about.

All right, I’m Vince final market check 106 right okay dead in the water short term rallies are going to be sold. No, I’m not sure about that. This is a range we don’t look in between here and here. This is your shelf of buying. Right, so I don’t want to put a number on it people like to put this is the number this is the line there’s no number, right, just pay attention to be flexible. That’s it. That’s a great day. Well, thank you to Vince for this morning’s show. Sure hope you enjoyed that one, even if the gold prices down a little bit this morning but hopefully your week is still off to a good start.

Appreciate you spending some time with us here and for a wrap up did want to thank Dolly bard and silver, who is a new sponsor to the show actually has been an old sponsor to the show but proud to have them back on and they actually had a handful of news out last week, which we will be covering although the one I’ll highlight today is that they did acquire the high grade silver Porter project in the golden triangle, which is obviously right around their other land packages. And this is a 100% interest in the high grade pure silver historic producer in northwest BC.

The Porter project has seen historic silver production that produce significant direct shipping silver ore and hosts substantial known silver mineralization that is wide open for expansion 15 contiguous claims 46 crown grants and approximately 3192 hectares and to find out more about the details of the Porter project and the deal with Dolly barden. Well, that link is in the description field below so go click on that to find out more. And as always, thanks for tuning in and we will see you again tomorrow. [tr:trw].

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