I don’t trade them or know much about them but I don’t think I’d do any long terms option on them with gold. From what I seen they like to hang around Gdx and its counter part. I don’t think it influences too much the ETFs because they seem to only reflect the stocks in its portfolio for that day. ETFs are dangerous because of it. You can lose money and some like to reverse split.
But then so can some stocks. I held some but not in large numbers and Timmins did a reverse split and name change. Plus charged me a reorg fee. I saw the name change coming but didn’t move to get out so my fault. Goro was giving me monthly divis though. Haven’t checked for recent Divis. You can’t hold these stocks long and forgetsbout it. Can’t with any but especially PMs or ETFs.
Options traders
Portugeezer @ 11:32
I thank you for that info. That would explain all the red today. A normal correction was over due for a while anyway. So that news sparked it. I suspect the Pot bull market will continue anyway. How can you put the tooth paste back into the tube?
Winedoc
Bring it on lol Someone on Fox mentioned George Washington and his troops battling freezing weather to fight a war without the comforts of today. You must be related to one of them.
I hope Ororeef hangs out in Texas though till it’s over. One airways already closed. A train track that changes routes was frozen and stuck. By sat sub zero temps expected.
Richard 10:01
I have, that gold was overbought by more than one as I mentioned.
The dollar still has room to move down since as far seems to be a inverse relationship. Also talking heads seem to associate gold as a safe haven and look at the Vix, the lowest of lows going lower lol and dragging gold down with it. If it ever moves up I’m guessing traders will be buying positions.
They may miss out in the inflation catylist but we have to make sure one, it’s not just smoke and mirrors to justify interest hikes, two its to try to prop the dollar back up.
Plus now we have the cryptos being used as safe havens that can be traded easier than gold because you can buy sell online with it. You can buy a Telsa with cryptospos.
Yet people holding PMs in physical form but don’t trust the stocks yet. Gold has been around for a long time , the cryptos not so much and has no tangible value by itself.
I don’t think gold will be noticed much until it breaks through higher levels which I think is good as far as being in before any frenzy.
treefrog
Just ran across this re: SVBL
http://www.theaureport.com/article/2018/01/02/a-silver-stock-rated-a-strong-buy.html
Re Pot Stocks
Finally crashing today if anyone was waiting to nibble in. I bought 4 of them, (TWMJF VAPE APHQF ACBFF) couple of months ago, held a short time, took a small profit, and then they ran away from me.
Why they are all red today?? Some news maybe? Or just s/t over bought?
Morning Maddog
they might as well hang a big sign on the shares that says “DON’T BUY”
They’ve got to be the only thing in these markets that aren’t up – even with the metals showing a little life.
Hi Buygold
Watching action in NEM, …….scum sitting on it, for sure…..but we have serious buying around, the scum are being kept v busy…..
R640
I actually saw a bubblehead on CNBS talk about gold when it broke through $1300, the spin from the floor was the move was probably overdone.
There is no way that pm’s will be encouraged as a viable investment option on any network or MSM publication – ever.
BTW, why in the hell is the DOW up 200 pts.?
This may be the biggest story of 2018
Petro-Yuan Looms – How China Will Shake Up The Oil Futures Market
https://www.zerohedge.com/news/2018-01-03/petro-yuan-looms-how-china-will-shake-oil-futures-market
svbl
a beacon of green in a sea of red. 🙂
deer79
You have a right to be negative!
We love freedom of speech here! 🙂
I’m with ya, feeling pretty negative myself today. 🙂
Wolanchuk just now….
| clx chit early warning for a short term hi on www 25k possibly… an oversold condition into opex shud provide for a resumption of the bull the week after opex………..unless of course……….snort
the dow is being used by the boyz to hammer traders brains but the sp 500 is another story |
This is a day when
PM’s really need to take advantage of dollar weakness, but like we’ve seen so many times before the riggers won’t allow any strength.
Makes it really hard to know if we’re starting a new bull run or this is just more of the same. Right now it looks like more of the same. We did have a decent run but it was subdued, like $5 a day avg. moves.
Frustrating.
ipso
You’re absolutely right. I don’t mean to be so negative. I continue to love reading the posts on this board. GLTA!
deer79 @ 20:49
On the other hand we’ve had a pretty nice run lately. Is it going to continue? I wish I knew!
macroman3 @ 21:48
Geez man nice of you to say so. 🙂
We’ll meet up sometime. Let me know when you come through again. Good to have you back!
PS “Palm Beach” aint’ so toasty these days …
ADP Beats
Surprised it hasn’t helped the USD, but it seems to be helping rates rise a little.
Tomorrow the dreaded jobs report – caution alert.
Morning MM2
Glad to see you back. Palm Beach would make more sense since the Hampton’s are in a global warming freeze at the moment.
I see the USD is right back down again this am, no help to pm’s
USD up or down doesn’t matter to the SM, it’s a one way ticket higher every day.
Yet another example of the madness, that is the Rig.
“Price Always Reconnects” – Yearly Charts Show “High Risk” Of Accident
The Dog is 20 % over valued, a correction to mean and an overshoot gives an easy 30 % drop potential.
Well this explains it.
Someone made a chart of Bitcoin explaining the move. 
kentucky,
yeah, still holding caledonia. i’ve been playing that one on their money for quite a while (sold enough to recoup my original investment – double, in fact, and let the rest ride as a sleeper). i wasn’t sad to see mugabe forced out. bright futures, maybe, with no chance of a loss!
…and a dividend too!!
