Loading ...My opinion on them is that they hedge, and since they are so small, that will prevent them from experiencing the really great performance you mentioned earlier when this ship sails.
Morning Midnight G
Beyond frustrating is a good characterization for MUX and its performance. I’m in the same boat as you, but still remembering there was a time when things really get rolling in the sector, nothing comes alive like these pm shares.
I have no idea what’s holding them back, and sure as hell hope they don’t do a reverse split.
It is beginning to look like the time to buy these shares is now.
Holding them through the inevitable volatility will be a struggle.
Pretty cute trick…puttin gold into suspended animation and keeping it below 1700 thus
reversing the bullish technical breakout…and olf cartel trick…
Gold Spreads Blow Out Again, As Traders (of paper gold) Withdraw In Fear 4/7/20 11:01 am
Gold Markets Are Being Haunted by Signs of Discolation Again
parts
Gold prices that usually move in lockstep are diverging again, reviving fears of impending turmoil just a couple of weeks after the last bout of panic.
An ounce of bullion sold in New York was as much as $50 more expensive than in London Tuesday, compared with just a few dollars in normal times. The price spread is seen as a measure of the cost to swap futures contracts into gold in its physical form.
A similar discrepancy occurred about two weeks ago, as the coronavirus crisis disrupted supply chains and caused flight cancellations, leading to worries over a gold-bar shortage in New York just before April futures contracts became deliverable.
The resumption in price divergence shows, however, that investors may be still worried about supply disruptions even though delivery for the current most-active futures contract — June — isn’t due anytime soon.
The cost to swap gold futures to physical products is still high, which suggests that the market remains tight, according to Stephen Innes, chief global markets strategist at AxiCorp Ltd.
Still, traders say there’s too much risk and they’d rather stay away from the market altogether at the moment, which is also exacerbating the price divergence.
“You have a bunch of shell-shocked market makers who are literally hiding under their desks and do not and possibly can not make markets in any size, shape or form,” said David Govett, head of precious metals trading at Marex Spectron. “Hence we have the lack of liquidity, the small volumes and the wide spreads.”
https://finance.yahoo.com/amphtml/news/gold-rallies-spread-balloons-investors-003320697.html
MUX
One of my, more annoying holdings, at a pretty good loss. I like the fundamentals and management. But the shares do less than nothing. I see information and posts that the MUX story is “golden”. So I hold. The question is, what is holding this stock back? Seems like everything but the share price is better than average. So, any guesses as to the real why it goes no where?
MG
Will be a producing mine very soon
Pure Gold Provides Update on Mine Construction and Reports Financial Results for Year-Ended December 31, 2019
Maddog–maybe today stocks roll over…and they wanna keep gold out of the headlines
Gold only has big up days when paper assets are not selling off…isn’t that the “rule”?
I guess we’ll know this is the real deal when
some of the decent shares that are now penny stocks really get going to the upside.
My list: GPL, MUX, AAU
Buygold @ 10:13
With the scum lurking anything is possible.
Silver miners looking good so far …
Who could have seen it coming? :-)
Argentina Defaults For Record Ninth Time
https://www.zerohedge.com/economics/argentina-defaults-record-ninth-time
Just hope it doesn’t negatively affect the miners who are there. It’s a bit of a dicey place to do business.
What’s the consensus?
Is silver and the shares going to drag gold higher today, or is gold going to drag them down with it?
Typical round number action at $1700 – even though it is in the futures market.
Maddog @ 9:36
I think the risk right now is Trump coming out with a big ‘go back to work plan’. (if he can wrestle the initiative back from the globalists)
Could be wrong, but it’s the kind of news traders will react to even if only for a short time.
Barring that, they have printed (and are printing) trillions in just a matter of weeks Wiemar style (bailing themselves out) so anything goes after that.
Cheers
Sure is the time to dump all yr PM investments
after all the world is a perfect place again…..there is only one seller the scum, anyone else selling is insane, as the vast majority want to buy.
Looks like scum are after NEM …as that has been doing v well and they can’t have that.
Same old game though.
well, here we go…gold down $4…and the $ is down .950–Rats! I was looking forward to a fun day…
At least silver is still up 37 cent…perhaps all is not lost
Thanks for your concern but I am immune to Covid just as u could be if u had followed the advice provided by Goldi and taken selenium
Besides selenium, I have not eaten in a restaurant or anyones home for 15 yrs-I have only eaten my own macrobiotic food, all of which are SUPERFOODS–KNOCK ON WOOD, MY IMMUNE SYSTEM IS HIGHLY FUNCTIONING-I have not had a cold or flu for 25 yrs including living with my wife and son who had colds and flu–
I suggest that all of you bookmark this link to a site entitled “The Worlds Healthiest Foods” –ALL the info is from peer review journals…if u want good heath…if u want immunity…you have to CHANGE YOUR LIFE STYLE and get off your butts and learn what real foods are…if not, that’s fine too…my motto is live and let live…so go ahead and take your chances and keep eating from the carcinogenic menu from
DINERS, DRIVE INS AND DIVES—–[one of my favorite shows…seriously]
http://www.whfoods.com/foodstoc.php
*******************************************************************
Lipinski 2015, Ebola and Selenium: How not to catch the 2019 Novel Coronavirus (2019-nCoV)
The only people that can be infected by the 2019-n Coronavirus have less than 98.7 µg/L of
Selenium in plasma or serum. Those who have enough Selenium are immune to this and all other enveloped viruses. Selenium can be obtained from Brazil nuts, Selenium pills or Astragalus tea.
This is why only some people get the flu and why others get it infrequently or never at all.
We only found this out in 2015 when Lipinski @ Harvard figured out why some people were immune to Ebola, a fact well documented in medical archives.
Two Brazil nuts a day will do it. An Asia astragalus tea is the primary source of selenium.
2014 NYTimes: Many in West Africa May Be Immune to Ebola Virus http://www.nytimes.com/2014/09/06/health/ebola-immunity.html
2015 Lipinski – Can Selenite Be An Ultimate Inhibitor Of Ebola And Other Viral Infections?
“It is known that the virulence of Ebola and other RNA enveloped viruses involves in the first step their attachment to host cell membranes. Following this initial step the virus enters the target cell cytoplasm by forming hydrophobic spikes that make holes in the membrane lipid bilayer. Formation of such spikes is catalyzed by the reduced form of viral protein disulfide isomerase (PDIred) thus initiating chain of disulfide exchange reactions. Consequently, hydrophobic protein epitopes become exposed, which in the absence of proper chaperones form hydrophobic ‘spikes’ capable of penetrating the host cell membranes.
scum ‘bin busy
Au is flat to down….SM is plus 800 pts……
R640 is CrAzY
he could be a victim if he keeps up the mentality. I hope you’re in a small town like P-ville where no one believes in covid. It’s surely a fantasy, I KNOW I won’t get it. Ummm hum. Sure. There’s plenty of dead people before you that thought the same thing. I’m not lying on the tracks, just nope.
This should serve as a reminder to STAY HOME!! Colorado has dropped from #4 to #14 for cases and deaths, but ya gotta stop pretending this is a vacation. US numbers:
5 weeks ago: 1 death
4 weeks ago: 19 deaths
3 weeks ago: 58 deaths
2 weeks ago: 323 deaths
1 week ago: 2,043 deaths
Right now: 10,943 deaths.
You like charts and numbers, right? So what up Einstein?
