Loading ...Independant Vid about Greatland – not many seem to know about it, not sure why.
India on phyz
Someone sent me this market analysis regarding the recent silver remonetization framework enacted by the Reserve Bank of India on April 1st. This historic policy, which allows banks to accept physical silver as tier-one monetary collateral, signals a major shift in the global market.
Coupled with China’s recent import surge of 836 tons and similar moves across the Middle East, we are seeing a significant physical drain on silver inventories. Despite silver currently trading at $75.45, I believe this price does not yet reflect the impact of these policy changes.
I have included a few resources below for you to track these trends:
– Silver Spot Price: https://comexlive.org/
– Gold Spot Price: https://comexlive.org/
– COMEX Warehouse Inventories: https://datatrack.trend/
Please note that this information represents personal opinion and market analysis for educational purposes and is not professional financial advice.
recommend conducting your own due diligence before making any investment decisions.
Oil
Only thing up between oil and gold stocks is oil royality and a few newer oil delivery tanker services stocks I meant for short term but looks like it might be longer term now that they’re getting more business that isn’t temporary. A company I missed sold drones. There will be a new one and with increasing prices and demand where they collect scrap metals through tech throw aways for gold, silver, copper.
I would never trust nugt they’re famous for reverse splits. They’re a scam. They do nothing but play the rich get richer the rest get poorer.
On the last weeks dips I picked up another 4K of phyz. Not like the rich oil tycoons just a little at a time.
I’m busy plus getting physical therapy for CMT. A nurse friend made sure she was there knowing me that they stay on track and I don’t divert to other patients. They brought me a doctor of PT. But corporates have them ask if you had your COVID and flu shot. My friends like oh no why did you have to ask her that here we go. After about 20 minutes discussion which PT agreed and said she got out of it until she sent to fly out and visit a sick relative she had to get the jab. My friend at that point interrupted and asked PT when will they get me better so we can go out lunch to get the subject back on me like she already knew I was gonna do. Pt told her how the in our time we were so dedicated but my friend was one too and she likes listening to them. They they don’t make us anymore. I told her that’s okay, they would try to take advantage of them too while their out having fun so you have to draw the lines or you’ll have no life yourself.
United Arab Emirates Ditches OPEC
Not something that was expected….
Fort Knox full of dirty gold
Ft. Knox Full of Impure Gold Unfit for International Transactions
https://mises.org/power-market/ft-knox-full-impure-gold-unfit-international-transactions
Mr.Copper
Let’s hope that’s the case!
@ipso facto Thanks Good Idea
I suspect what is holding us back is the Fed Meeting and after they tell their results Thursday we tend to go back up again.
Mr.Copper
Use the zoom function and go down to 90% or whatever allows you to view the whole chart.
Cheers
Mr Copper
Tks for the info on the ETF’s…..
Re charts..I will try and sort something……I already make them smaller, in terms of time….
@Wuff Wuff
I bought $7147 worth of NUGT a long time ago but held onto it, and today its down to $2564 down $4583, I know long term with CERTAIN ETFs is ng. But the Dow SnP etc etfs have been fine long term. But I’m thinking long term maybe a month for SOXS.
By the way, your charts are so big I can’t see them, they go to far off to the right side behind everything, try to make them smaller if you can.
Mr Copper
If yr in long term..then be careful of the doubles and triples……for fun I bought NUGT when it was a triple, as a mate was buying it as well…a long time ago….it is now only 2 times, as they cut 1 times out when it near worthless…..
Here is the comparison chart…they should take it out and shoot it…..I keep it just for old times sake….it will probably never pay me back.
Maddog – remember those blowout NEM earnings?
The stock doesn’t either.
Oil coming back down below $100, doesn’t help pm’s a wit. Nothing helps pm shares.
One good year out of 16 isn’t bad I guess.
@Maddog
I was thinking long term so I’ll buy it back, the semies are getting killed. FINALLY its like the dot com bubble. There are plenty of etfs that go good long term. Did you look at SOXL long? Below Gareth Soloway updates. Geez now SOXS is up 11.4%.
https://verifiedinvesting.com/
SOXL https://schrts.co/uAdDCGFx long semies
SOXS https://schrts.co/bsJpywGx short semies
I bought it back the 200 at 15.91 but I missed out on a $400 gain from yesterday on only $2800.
Mr.Copper
I knew that would happen….I was thinking later that both have had extreme moves and with triple leverage and even a small pull back in the SM, they would have big moves……where as I was thinking long term……
@Maddog re SOXS
Its up 10% today. Look at the semiconductor list, 90% of them are down. You have to click on the % Change spot to align them up. I’ll probably buy it back.
Paper Paper who wants some nice Paper
Wall Street Mav
@WallStreetMav
After 1971 the USA dropped the Gold standard, there was an effort by all of the central banks to demonetize gold.
They tried to pretend the modern system didn’t need gold to back their paper currencies.
Their inability to control govt debt and spending has proven them wrong.
The Question Is
How big a beating are we going to get today? Gold coming back a bit now …
A positive development
First Loaded LNG Tanker Clears Hormuz; First Crude Supertanker Attempts Exit
Buygold
Oil was up 5 %…..but it just dropped $ 3.5 in 1 minute and then bounced back in the next 5 mins !!!!!!
Tech is down
Oil up 5%, dollar up (but mostly recovering from yesterday’s pull back), rates up 3 bips.
I guess that’s a good enough reason to trash pm’s.
As deer79 mentions, they’ll trash it before during and after if they can, because that’s always been the game.
Looks like shares go back and test the lows yet again. I love pm’s. Even in a parabolic move they go down half the time. In corrections like this they go down 98% of the time. Not a lot of joy to be had here.
The silver market is tight you say?
This week
is the start of a FOMC week, and a typical end-of-the-month marking, so the tree will be shaken again and again.