Locator: 49368SILVER.
Silver: closes today at record high. Link here.
Gold and silver futures close at fresh highs — with silver surpassing the record set in 1980. Both posted strong gains to start the week, with front-month gold futures settling up 3.3% to $4,108.60 a troy ounce and silver surging 6.8% to $50.13 a troy ounce. The underlying fundamentals for both metals looks promising, says Felipe Barragán of Pepperstone in a note. “While short-term profit-taking cannot be ruled out, the medium-term outlook for bullion remains constructive, supported by lingering macroeconomic fragility and shifting political dynamics.”
That means if you bought silver in 1980, after more than 40 years you've finally broke even.
*********************************
Back to the Bakken
It appears the State of North Dakota does not "recognize" Indigenous Peoples Day, you know the ones who were incredibly cognizant of the environment when protesting DAPL some years ago.
WTI: $59.49.
Active rigs: 32.
Four new permits, #42392 - #42395, inclusive:
- Operators: Hunt Oil (2); KODA Resources (2);
- Fields: Ross (Mountrail); Daneville (Divide County);
- Comments:
- KODA Resources has permits for two Ale wells, NWNE 24-161-103,
- to be sited 854 / 889 FNL and 242 FEL:
- Hunt Oil has permits for two Palermo wells, NENE 8-156-90,
- to be sited 1225 FNL and 392 / 422 FEL;
Six permits renewed:
- CLR: #26739 - #26744, inclusive; three Elveida permits and three Bliss permits, Sadler oil field; Divide Country.
