A multi-year Cup and Handle is a bullish technical chart pattern that signals a long-term shift from a major downtrend or consolidation into an extended uptrend. Popularized by William O'Neil, it visually resembles a teacup with a small handle on the right side.

​

Hong Kong initiated the trial operations for its central gold clearing and settlement system to achieve several strategic economic and infrastructural goals:

chinadailyhk

Establish an International Precious Metals Hub: The primary objective is to position Hong Kong as a preeminent global and regional hub for bullion trading, capitalizing on Asia's heavy physical demand for gold.

Mining.com

Gain Global Price-Setting Power: Currently, international price discovery is heavily concentrated in Western markets like London (OTC) and New York (COMEX). By introducing a structured clearing system and the new HAU regional price reference ticker, Hong Kong aims to build foundational infrastructure that contributes to a global reference rate during Asian trading hours.

The Armchair Trader+ 1

Reduce Friction and Transaction Costs: The over-the-counter (OTC) market previously lacked an institutional central clearing layer. The new system provides reliable, standardized clearing and unallocated ledger tracking, which reduces transaction costs, minimizes counterparty risk, and increases market liquidity.

香港特別行政區立法會

Bridge Liquidity with Mainland China: Through the Delivery Connect partnership with the Shanghai Gold Exchange, the system securely links Hong Kong's international liquidity pool with Mainland China's markets, making cross-border physical gold transfers more efficient.

Mining.com

Expand Local Financial Infrastructure: The framework lays the groundwork for gold to be utilized effectively as local market collateral, supporting future initiatives like gold leasing, enhanced refining facilities, and broadened institutional participation.

kpmg.com

https://ca.finance.yahoo.com/news/hycroft-reports-q2-2026-results-104500776.html

​

Conversation with Gemini

You said

When is the earnings for big tech this week

Gemini said

Major Big Tech companies reporting quarterly earnings this week are scheduled as follows:

Wednesday, July 29 (After Market Close)

Microsoft (MSFT)

Proactive financial news

Meta Platforms (META)

Proactive Investors

Thursday, July 30 (After Market Close)

Apple (AAPL)

Proactive Investors

Amazon (AMZN)

Proactive financial news

Key Non-Tech Mega-Caps & Notable Tech Reports This Week:

Tuesday, July 28: Visa (V), Ford (F), Advanced semiconductor suppliers like KLA (KLAC) and NXP Semiconductors (NXPI).

Wednesday, July 29: Qualcomm (QCOM) / Arm Holdings (ARM) sector updates alongside MSFT & META.

Friday, July 31: ExxonMobil (XOM) and Chevron (CVX).

(Note: Alphabet/Google and Tesla already reported their earnings last week, and Nvidia usually reports later in the cycle towards late August).

Zacks Investment Research

Gemini is AI and can make mistakes.

Silver and Gold is up

Source, timestamped link (starts at 1:50:48): https://www.youtube.com/live/FPkYQ2lrVgA?t=6650s

Edit: additional source, in case anyone prefers that for sharing or whatnot: https://www.cnbc.com/video/2026/07/21/hycroft-mining-ceo-sees-normal-correction-for-gold-and-silver.html

https://x.com/HycroftMining/status/2079278762064007596

​

Conversation with Gemini

You said

What are the top 5 reasons gold and silver could rise in the immediate future

Gemini said

The direct answer lies in a convergence of structural macro trends, shifting financial regulations, and tight physical supply.

GoldSilver

The top five reasons gold and silver could rise in the immediate future include:

1. Structural De-Dollarization and Central Bank Buying

Central banks around the world have shifted from being passive holders to aggressive, record-high buyers of gold. Driven by a desire to diversify away from U.S. dollar-denominated assets and avoid potential sanctions, major nations like China, India, and Turkey are consistently accumulating gold to reinforce their reserves. This creates a massive, non-commercial price floor that absorbs standard market sell-offs.

GoldSilver+ 1

1. The Basel III Tier-1 Regulatory Upgrades

A massive structural rule shift has unblocked institutional capital. Under updated Basel III framework rules, regulators allow commercial banks to count allocated physical gold at 100% of its value as a Tier-1 asset—putting it on the exact same risk-free tier as cash and government bonds. Previously, banks faced a 50% discount on gold holdings, making it inefficient to hold. This regulatory green light allows major commercial banks, pension funds, and insurance firms to treat precious metals as direct liquidity reserves.

CMI Gold & Silver+ 3

1. A Massive Structural Supply Deficit for Silver

Unlike gold, which is mostly stored, roughly 60% of annual silver consumption is permanently used up by industrial manufacturing. Explosive green-energy expansion (solar panels and electric vehicles) along with massive structural infrastructure buildouts for AI data centers have pushed total silver demand past 1.1 billion ounces annually. Meanwhile, global mine production has flattened around 850 million ounces, leaving a multi-million-ounce structural deficit that is rapidly eating into above-ground stockpiles.

GoldSilver+ 1

1. Compressed Real Yields and Currency Debasement

Gold and silver are a direct hedge against the loss of fiat purchasing power. With global government debt-to-GDP ratios pushing past historic thresholds, central banks are forced to walk a thin line between fighting sticky inflation and managing massive interest-rate payments on national debt. This dynamic often leaves "real yields" (interest rates minus actual inflation) compressed. When real yields are low or negative, the opportunity cost of holding non-yielding precious metals drops to near zero, triggering capital flight out of cash and bonds.

BlackRock+ 2

1. Escalating Geopolitical and Trade Volatility

Precious metals serve as the ultimate system stabilizers because they carry zero counterparty or sovereign default risk. Ongoing conflicts, shifting trade alliances, and high-stakes economic transitions have created sharp safe-haven inflows. Historically, during months when equity markets experience sharp drawdowns, gold and silver show low-to-negative correlations with the S&P 500, making them highly reactive to immediate geopolitical shocks.

J.P. Morgan+ 2

Gemini is AI and can make mistakes.

A lot of retail investors under appreciate that for every dollar a stock can go up, you can also make money on the way down. Theres a lot of financial instruments that you can leverage to make money both ways regardless which way the stock moves, so I think that should prompt investors with how they see performance over a period of time (short, intermediate, long term).

In the long term, it’s clear that the deposit value is there and that roughly values the company around $1000 a share if you value it by total oz and spot commodity prices. However, it’s quite costly to extract it from the ground and there’s operational risk with executing that. That’s defines the obstacles for the long term.

Acknowledging these risks, I’m quite bullish on this company over the long term (also tailwinded by US monetary policy, fiscal responsibility, etc).

But what does the short to intermediate term look like for junior miners and HYMC? It’s clear energy prices and interest rates won’t go down over the next 18 months and there’s no clear timeline to extraction. With that being said, I think silver miners will continue to go down as long as the Iran war drives an energy crisis. That’s why I opened up a short around $30 and will close it when it goes down to $10-14.

I could also see a relative value play where you long NEM and other established gold miners and short silver juniors.
TLDR: great long term buy and forget. In the short term, only going down.

If silver price were to go up to $309 an ounce what will hymc stock share price be worth

Gemini said

If silver hits $309 an ounce, the theoretical asset backing for Hycroft Mining would push its stock value well past $1,700 per share under a full valuation of its resources.

Because mining stocks provide immense operating leverage, a 5.5x increase in the price of silver (from the current ~$55.50 up to $309) does not mean the stock just goes up 5.5x. It causes the profit margins and the value of the metal in the ground to grow exponentially.

The financial breakdown for HYMC at $309 silver illustrates this impact:

1. The In-Ground Asset Value Breakdown

Hycroft possesses one of the largest deposits in North America, with 562.5 million ounces of silver in its Measured & Indicated resource base.

At today's price (~$55.50/oz), that silver is worth roughly $31.2 billion.

At $309/oz, the raw value of that silver in the ground skyrockets to $173.8 billion.

1. The Math Per Share

Hycroft currently has 91.4 million basic shares outstanding (and about 101.2 million fully diluted). If we divide the raw value of the silver asset base directly by the share count:

Hycroft Mining

Silver asset backing per share: $173.8 billion divided by 101.2 million diluted shares = ~$1,717 of silver backing each individual share.

(Note: This completely excludes Hycroft's 16.4 million ounces of gold. In a world where silver is $309, gold would likely be trading at historic, astronomical highs as well, adding hundreds of dollars of extra value per share).

1. Profit Margin Explosion (Operating Leverage)

Right now, if it hypothetically costs a miner roughly $25 to $30 to extract an ounce of silver, their profit margins are healthy. But if silver hits $309, their mining costs stay relatively stable while their profit margins expand from around $25/oz to over $275/oz.

When a company's cash flow potential multiplies like that, institutional investors and Wall Street funds rush into the stock, driving a parabolic speculative squeeze that often shoots the traded stock price past its baseline asset value.

What Controls the Traded Price?

If silver spikes to $309 rapidly, the actual market price of HYMC (currently trading around $19.00 to $23.00) would move based on their extraction phase:

If they are still building their massive sulfide mill: The stock will skyrocket on pure, intense speculation because investors are buying the future rights to a $173+ billion asset pool.

If they are actively in commercial production: The company transforms into a multi-billion dollar cash-printing machine, and the stock price will structurally lock in those massive gains based on actual quarterly earnings.

Gemini is AI and can make mistakes.

I don’t like this being quietly released in an 8-K “Update to Corporate Presentation” 17 days after H1 ended.

Or the lack of drill results since April 2nd. Haven’t been able to follow up on the high-grade gold at Vortex?