OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Thanks for the reply. Your strategy and mine seem to be about the same. Don’t get off the Bull!

I’ll check out the podcast.

Cheers

PS If China is looking for a huge copper deposit I know where they can find one!

“I have heard that Musk thinks he’s that Ironman bloke in the comic books, made into real life !!!!!”

LOL! That’s friggin hilarious!

Well you know what they say about that fine line between insanity and genius. Elon’s riding that edge!

PS re: GDXJ being safer. I can grokk on that friend. I lost beaucoop on Rubicon as well. Everything was SCHWEET until it wasn’t.

http://www.zerohedge.com/news/2016-06-02/turkey-recalls-ambassador-germany-after-bundestag-acknowledges-armenian-genocide

last year on his real wealth portfolio.  I’m  sitting on all my pm positions even if we have to wait another 6 months.  Edelson and Armstrong are fairly close on the  PM page and Larry is a lot cheaper.   I don’t care  who I subscribed to over the last 20 years they have all been wrong more than once.

I don’t agree with  Larry on his China calls and if I was going to own a copper ETN (like larry does right now) I would own MUX.  That Los Azules copper property is like a lottery ticket for McEwen.

In my opinion, Erik Hadik who trades futures has called the gold side better than most over the last six months.  On his most recent interview he is saying later this year for the PM rise.

http://talkdigitalnetwork.com/2016/05/gold-expected-to-slide-until-late-fall/

I think I have experienced all of what you speak about while I have been dabbling with the etf’s in recent weeks. This is my ‘play money’ to do a little gambling with. I have set aside a portion of my funds to begin to build that core group of miners. Having been out of the markets for a couple years it is tough getting up to speed. Thanks for your guidance.

Now, lets return back to our trading screens and see if the ‘Unseen Hand’ can manage to levitate the DOW back up into green territory. Yesterday was quite the magical act.

I have heard that Musk thinks he’s that Ironman bloke in the comic books, made into real life !!!!!

I think I’ll go and short some Tesla….the man is a fruitcake who got lucky with PayPal.

PS if anyone wants to buy all the Silver in the world, the Scum will sell it at less than $ 16.00/oz,….they will not let it go above….selling everything.

Re Sprott ETF’s….I was referring to the two new ones the Miners and the Junior Miners, of which I have some Juniors…But you are right about the Metal ones and I have those as well, they are the safest by miles, as they really do audit the metal.

The Junior miner one appeals because it has i think over 30 different stocks in it and haveing recently bought Rubi and GPL and then seen Ruby disappear, a basket makes far more sense… and their costs and the bid/offer spread are way down on buying a Mining fund .

Cheers

Elon Musk has said that there is only a “one in billions” chance that we’re not living in a computer simulation.

Our lives are almost certainly being conducted within an artificial world powered by AI and highly-powered computers, like in The Matrix, the Tesla and SpaceX CEO suggested at a tech conference in California.

Mr Musk, who has donated huge amounts of money to research into the dangers of artificial intelligence, said that he hopes his prediction is true because otherwise it means the world will end.

cont. http://www.independent.co.uk/life-style/gadgets-and-tech/news/elon-musk-ai-artificial-intelligence-computer-simulation-gaming-virtual-reality-a7060941.html

Good morning Farmboy

I’m probably not the best person to ask about the ETFs. I prefer to invest in individual stocks. However having said that I don’t think that the stock index’s like GDX have the “decay” feature that most ETFs especially the 3X long or short silver or gold ETFs have. Your investment won’t silently melt away with no move on your part. I would never invest in GLD or SLV. I believe they are a tool of those who manipulate metals prices lower. They are not bound to put investor’s money into actual gold or silver but can buy derivatives (futures) instead. It’s very likely they don’t have the metal that they say they do and when the music stops there’s going to be a lot of crying and gnashing of teeth by those who bought GLD and thought they had a gold investment.

Perhaps others can comment.

Cheers
ipso

PS I agree with what Maddog said. AFAIK the Sprott gold and silver ETFs are a different animal than GLD and SLV and are audited. I believe they are honest. Nothing like metal in the hand however!

Yup…Scum have some work to do in SM….another tell so far is NEM is down pre-mkt, while GDX near flat…looks pressure poss in shares tdy.

As u say rinse and repeat, so CNBC can cheer.

As I thought, NEM getting smashed, down over 3 % on nada !!!

NOVAGOLD Reports Successful Completion of the Public Comment Period for the Donlin Gold Draft Environmental Impact Statement

http://finance.yahoo.com/news/novagold-reports-successful-completion-public-204138128.html

Auryn Resources Options Huilacollo Gold Project and Expands Land Position in Southern Peru

http://finance.yahoo.com/news/auryn-resources-options-huilacollo-gold-110000434.html

Abitibi Royalties Inc.: Rob McEwen to Purchase Additional 439,084 Shares for CDN$2.3 Million Will Increase Ownership to 12.3%

http://finance.yahoo.com/news/abitibi-royalties-inc-rob-mcewen-120000516.html

Reliant Gold and Goldcorp Agree to the Terms of a Proposed Purchase by Goldcorp of Reliant Gold’s 49% Interest in the Borden Lake South JV

http://finance.yahoo.com/news/reliant-gold-goldcorp-agree-terms-125222991.html

Nevada Sunrise receives approval for plan of operations at Golden Arrow, Nevada

http://finance.yahoo.com/news/nevada-sunrise-receives-approval-plan-130000697.html

Tudor Gold Corp. Announces Another New Property Acquisition in Golden Triangle Area, British Columbia

http://finance.yahoo.com/news/tudor-gold-corp-announces-another-131800840.html

Looks like a normal day. PM’s dripped lower into the DOW open. USD flat but yesterday when the USD got beat up pm’s went down – that was the tell.

SM will open down 50 or a 100 and then come right back before the close.

Wash, rinse, repeat.

If I may answer as well The ETF’s that u have to be careful with are the multiple ones, the 2 or 3 times leverage, due to gap openings, as they re-balance the ETF o/n, so if there are gap openings, u don’t get all the Gap and over time that will mean not getting all the move…ie. stock/metal goes up $ 100 on a 3 * u shud get $300 lots of gaps could mean $ 270 etc. Plus all ETF’s have costs, that eat performance to a degree.

On mining ETF’s I am useing the Sprott ones, as I trust them to have what is on the “box”, they are not the most liquid, but that is less a worry than finding out that they only have paper promises etc plus if there is a total meltdown many of the other issuers may not exist, I think Sprott has a much better chance. …also they pay the dividends out annually if there are any.

Oh Yeah…could it be more obvious that scum will not let Silver go above $ 16.00….our Gu’mint at work in the “free world”, or Lloyd doing Gods work…my arse.

After recently funding my stock trading account I am toying with some of those ETF’s. The short dow SDOW has been good to me the last month or so and currently have a fairly sizable postion. Instead of jumping in and out and would like to just sit on this position to the end of June, or perhaps end of July. Hoping to then take the profits and swap them for some phiz.

What little I know about the SDOW, and something I keep hearing about ETF’s in general is that you do not want to hold or stay in them for more than a few days, or even just a day. Being lazy, I would just like to position my account for a lower DOW and see what the next month or two brings rather than jumping in and out. Would like to hear your views on this since I know very little about these ETF’s.

Also would like to know if you have any experience with the gold or silver ETF’s. Kinda like the idea of owning a basket of miners vs. individual mining stocks. Appreciate any advice you might have and look forward to hearing your views.

Thanks, Farmboy ( old dog trying to learn a new trick or two )