Posted by Buygold
@ 12:34 on April 21, 2020
I remember back around 2011 Munger called people who bought gold “jerks”
Globalist elite they be.
Posted by Maddog
@ 12:30 on April 21, 2020
Re Buffett and Munger
I remeber some years back Buffett raging against Airlines..he said they were the Worlds worst business and would never invest in them….
Posted by Buygold
@ 11:29 on April 21, 2020
that’s been hanging out all morning waiting to pounce on any breech at that level.
They are hell bound to keep gold from showing strength while the SM sinks and the bond market rallies. 10 yr. down to .56%.
Posted by Buygold
@ 10:22 on April 21, 2020
Took the money and bought some GPL for $.45
Surprisingly, even the silver miners aren’t getting hit that bad.
Maybe the traders/investors are waking up to the fake paper pricing mechanisms of the Crimex and LBMA
Posted by Richard640
@ 10:22 on April 21, 2020
Munger: “Nobody Knows What’s Going to Happen.” And This Time, Berkshire Is Not Piling into Stocks & Companies
by Wolf Richter • Apr 19, 2020 • 151 Comments
“I don’t think we’ll have a long-lasting Great Depression…. But we may have a different kind of a mess. All this money-printing may start bothering us.”
There is something refreshing during these insane times when a guy in his mid-90s who has seen it all and has been successful at navigating it, and who, during the last Financial Crisis, was buying stocks and entire companies hand over-fist, now says that he has never seen anything like this before, and that he doesn’t know what to do except to sit tight. And they’re not buying the rally, and they weren’t buying the crash.
Charlie Munger, vice chairman of Berkshire Hathaway, was talking with The Wall Street Journal about the current situation and how he and Warren Buffett are looking at it. And they’re not buying.
During the Financial Crisis, they were lending money to Goldman Sachs and GE and getting warrants too that turned out to be very profitable, and they bought stocks, and they bought BNSF outright after the partial stake they’d acquired before the Financial Crisis went sour.
https://wolfstreet.com/2020/04/19/munger-nobody-knows-whats-going-to-happen-and-this-time-berkshire-is-not-piling-into-stocks-companies/
Posted by Richard640
@ 10:15 on April 21, 2020
Posted by Buygold
@ 10:13 on April 21, 2020
$400 loss. Hopefully the pm shares will turn. Looks like they may close the USO ETF.
Lesson learned on ETF’s haven’t bought one in many, many, moons.
Posted by Richard640
@ 10:13 on April 21, 2020
The HUI is 6 points off the low….gold is 30 bucks off the low
Posted by goldielocks
@ 9:53 on April 21, 2020
Said it doesn’t plan on opening till January and expect it to be slow till a vaccine so brainwashed on that too. Months after people who applied for unemployment last two months will run out. They’re extra money will run out I think after July in a few months then unemployment.
Posted by Buygold
@ 9:51 on April 21, 2020
bull trap or does that mean gold is going to mount a comeback today?
Silver is too far gone methinks.
OTOH – cheap energy has to be a boon for mining companies…
Posted by Buygold
@ 9:39 on April 21, 2020
Could be more to the Vlad/Saudi story and the effort to kill US oil production but that can be fixed pretty easily by the US banning imports of crude. Sure it will be inflationary, but so what? Let the house of Saud defend their own oil fields.
SLV down 4.6% – ya gotta be kidding.
HUI only down 2.3% – thought it would be worse.
Posted by Maddog
@ 9:17 on April 21, 2020
Yup there were a few bounce backs, but the selling is relentless….they cannot have the PM’s stand out….same ole etc.
Lot of talk that SM will retest lows etc and as u say cannot have PM’s out performing.
Not sure about Oil….I think there is more to the Vlad Saudi story, than a deflationary play….The Donald does not want a dead Oil economy, on top of all the virus damage…taking out Shale makes big sense, for Vlad/Saudi.
Posted by goldielocks
@ 8:44 on April 21, 2020
Posted by goldielocks
@ 8:37 on April 21, 2020
Unemployment benefits will start running out just before elections.
Posted by goldielocks
@ 8:28 on April 21, 2020
Long video, on Armstrong’s site to sum it up Sweden did not lock down but did precautions and distancing in businesses with low levels of death. Governors here who locked down he said was a wrong policy and will be difficult to reverse. Civil unrest will increase especially the unemployment checks stop imo and blame the ones who locked them down for causing it. Already people complaining they can’t get through to them on phone and auto not working right they aren’t hiring enough people to handle the calls and actually cut hours. The online has glitches and they can’t log in to certify for their weeks and no one to call or email. A recording told two people to mail it in but no info where to get it the form or address. Sounds incompetent and half ass to me.
Posted by Buygold
@ 8:23 on April 21, 2020
decided to take this opportunity to cover some of their short positions.
Fat chance as it rarely happens on days like these, and the shares don’t look all that lively.
The games get mighty old, but for what lies ahead, there’s no place I’d rather be.
Posted by Richard640
@ 8:04 on April 21, 2020
Posted by Richard640
@ 7:51 on April 21, 2020
The crash in oil could be a signal, for those astute enough to read it–that the world is headed for a 1930s style depression…but this time with civil strife and maybe even martial law and suspension of elections…it ain’t gonna be fun…
I AGREE WITH MARTY ARMSTRONG…UNDER THE COVER OF CLIMATE CHANGE the globalist agenda is trying to be saved…and the virus was released…
Maddog–did u say being bought? I just woke up so maybe I missed the bounce–cause G&S aren’t very far off their lows…on days like today there is usually no bounce
Posted by Maddog
@ 7:45 on April 21, 2020
are the hard core bugs, who will only let go from a cold dead hand……who else is long, no-one .
So todays dump is pure paper.
Posted by Maddog
@ 7:30 on April 21, 2020
is not part of the Rig…..but where do u put yr money?????
Posted by Buygold
@ 7:18 on April 21, 2020
Not what I was expecting/hoping for after the oil crash yesterday.
Paper gold/silver cannot be allowed to rise. Doesn’t matter what you have to pay for the real stuff.
My USO not looking good this am, may have to take my lumps. The out months of June/July are falling now, so it will fall with them unless demand comes back.
Posted by Maddog
@ 6:56 on April 21, 2020
Perfect scum attack…as u say weak oil, therefore kick PM;s and it’s Tuesday…..Oil has everyone spooked.
Posted by Richard640
@ 5:38 on April 21, 2020
just started about 20 minutes ago…if G&S can recover by the comex open that would be very bullish…this sh*t is really getting old and tiresome.
silver in free fall down 67 cents
Posted by Richard640
@ 5:28 on April 21, 2020
Last I looked gold was down 3.40 and silver about 20 cent…I guess this means stawks started their retest of the lows yesterday…
SPOT MARKET IS OPEN
closes in 11 hrs. 33 mins.
Apr 21, 2020 05:27 NY Time
Apr 21, 2020 05:27 NY Time
Click on the metal names to
see the associated charts
Posted by goldielocks
@ 3:03 on April 21, 2020
Where I’m at with gas taxes it’s 2:35 to near 3 dollars. We got a gas tax repeal on the ballot but I think the way they worded it and probably on purpose people who intended to vote against it since no one said they voted for it accidentally voted for it.
That’s a switch about Hawaii. But can see why if they’re trying to diligently get rid of it and showing up on your shores. People from China even knew they had it and were taking Tylenol to bring down their fever to pass the temperature check. Did you have any groups from China coming in before it got out?
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