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Maddog

Posted by goldielocks @ 15:12 on August 6, 2020  

If sleepy Joe gets in it would be a disaster and a slow death as someone put it. Maybe fast who knows, for all. Excuse my ignorance in one matter due to multitasking. Who is Bozo?

Mr. Copper – I wonder if we’ll ever get back to the 15-1 Silver-Gold Ratio

Posted by Buygold @ 15:10 on August 6, 2020  

Sure would be a helluva thing if we did, but also highly inflationary given all the industrial uses we now have for silver. I think in some ways, the amount of industrial use is why the “scum” effort to keep the price of silver down.

I’m more wondering if we’ll get a 1-1 DOW/GOLD Ratio. 🙂

Kind of a bummer day for the shares given the nice moves in the metals. Something’s gotta give.

goldielocks

Posted by Maddog @ 14:44 on August 6, 2020  

IMHO It all rests on Trump winning…if he wins then Gates and Fauci etc may well face retribution, if Dozzy Joe wins then, they will sitting in the Oval Office, waiting for him to wake up.

There are rumblings here that we will dump Bozo soon…he may resign due to ‘health’ etc…whatever business has had more than enough of his madness.

Mr Copper

Posted by Maddog @ 14:39 on August 6, 2020  

The selling I’m talking about has set patterns….as soon the shares gap opened, the selling starts, often just to fill that open gap, in PM shares it is a daily occurrence, wheras normal shares gap with impunity…The Algo’s are now trained to fill those gaps…but ystdy and today the selling went on way beyond the gap fill.

Note GPL put in stellar results today, so any sellers have to take that into account……why dump when a huge gain could be around the corner etc.

Since then the selling has kept the shares weak all day no matter, the constant bounce back in the metals…it is pure ‘appearance creation’ with no thought to likely losses….joe public gets them.

aka scum pissing away tax payer dollars.

FYI I Just Noticed a big break out on PVG Pretium Resources + 26% on a down day no less.

Posted by Mr.Copper @ 14:26 on August 6, 2020  

Schwab has a B rating on it, it even sports an EPS and a PE but no div.  Boy you can always depend on those Pennant Formations, known to break out violently. I’m getting hungry time for a snack. 🙂

https://finviz.com/quote.ashx?t=pvg&ty=c&ta=1&p=d

@Maddog Woof Woof Thanks for the good feed back. re your “there is no reason to be an aggressive seller of shares, especially when the metals are so strong, “

Posted by Mr.Copper @ 14:04 on August 6, 2020  

We have to keep in mind though, that if this fake dollar, 1913 currency system is failing and ending, we would be forced to cash out all stock positions in brokerage accounts, and wire all the funds to Internet precious metals dealers that are authorized US Mint buyers, and take delivery of physical Gold and Silver USA Eagles.

However, waiting too long on this, we all know, the prices will be crazy and not much available. Not too many people would be wanting to sell even at PM high prices and trade for fake US fed note cash in a failing currency.

Re lower share prices, this could simply be a pause of buying, no at market buy bids, but just low offer bids, from bulls, NOT a selling frenzy. However a nervous holder would take low offers to make himself and the bullish buyer happy.

I’ve noticed some older Gold Eagles have a big premium over spot and over new 2020 Eagles prices possibly reflecting low mintage numbers and climbing collector values on older Gold Eagles. I didn’t look into Silver Eagles, but APMEX shows all the prices.

Maddog 13:45

Posted by goldielocks @ 14:03 on August 6, 2020  

OMG!!! Maybe it’s a good thing we got little rebels running around here yelling defund the police so they don’t have to be part of it as they were getting fired before it started calling it unconstitutional.
They are spreading panic. All they while we know their holding back preventative medicine. Gates and Fauci should be charged with crimes against humanity but somehow I feel the globalist that have infiltrated are in on it and are working together to put us on our knees and hope we wave a white flag to them.

An After Thought Here Re Gold and Silver Paper Traders

Posted by Mr.Copper @ 13:45 on August 6, 2020  

We all know the historical AU AG ratio was 15 to 1, 15 oz Silver to buy 1 oz Gold. That ratio today is 72 to 1, ie 72 oz Silver to buy 1 oz Gold. So if Silver is in catch up mode?

It would make sense for paper traders to sell and take GLD gold profits and buy very low in comparison, under priced SLV. Hopefully that won’t happen.

In other words, we don’t need $100 Silver and $1500 Gold to maintain 15 to 1. $2500 Gold and $166/oz Silver would be better. I hope to get some feed back on this crap.

Goldielocks…notice the Black shirt and tie……El Duce would love him.

Posted by Maddog @ 13:45 on August 6, 2020  

Mr Copper

Posted by Maddog @ 13:43 on August 6, 2020  

Good points and since the Mch Lo the shares are ahead…but Hui is nowhere near it’s all time Hi, while Gold is making new records.

Before we had 24/7 games, u could pretty much expect the shares to move 3 to 5 times the metal percentage price on a daily basis and even on a long term basis there was a near 3 multiple. Hui ran 35 tp 638…18 times, while Gold ran from 255 to 1911… @ 7 times,

Plus up until recently if the shares were bad, so was the SM…today there is no reason to be an aggressive seller of shares, especially when the metals are so strong, there is every reason to hold on for dear life.

@ To All Wondering Why Gold and Silver Is Up and Shares Down.

Posted by Mr.Copper @ 13:23 on August 6, 2020  

Possible answers. Gold and Silver is getting publicity on TV, the stock players, momentum players, COMEX players, all paper players are probably clicking and clicking on SLV paper silver and GLD paper gold, and ignoring miners because they know NOTHING about miners.

The stupid media is not pumping individual miners, or miner ETFs. But as great earnings pop up maybe they will get announced. And besides all that? The miners have already OUTPACED the physical metals percentage wise.

In my opinion, all this paper clicking on metals supposedly forces the ETF managers to buy physical metal for ware houses and driving physical artificially higher than normal, instead of when an individual buys some and buries it somewhere. He won’t be selling for a long time.

On the opposite or sell side, re paper clickers?  When they decide to sell, all this paper clicking on metals supposedly forces the ETF managers to SELL physical metal OUT of ware houses and driving physical prices artificially LOWER than normal, instead of when an individual sells at a coin store coin show or to an Internet coin dealer or the owner drops dead and his kids sell the physical.

The poor manufacturers that need physical AU AG metal for their product, must be going nuts. And probably them too buying and taking delivery of far more physical than they NEED to avoid higher prices later on.

I made posts on this long ago. High prices cause higher prices, to a point of distortion. Lower prices cause lower prices until a point distortion, before reversing. Equilibrium or stable valued unit of account would cause boring stability.

For example low 72 Dollar caused high $145 oil. The high oil caused over production, and the priced crashed to $28? Gold was distorted down to $250 and Silver $4 distorted by a 120 dollar index. Back around 2000-01.

That’s when I stopped working, designing and fabricating prototype precision sheet metal parts, and started trading mining stocks. I absolutely knew POSITIVE, that the Bozo bankers would be forced to lowering the dollar from 120. We had 12 good years after that, 17% APY gold until around 2012-13 $1800 with the 72 Dollar index needed to help the US producers or exporters.

It got TOO high TOO soon and went to $1060 late 2015. I called the $1060 bottom right here, more than two months before Dinesletter did. Also on occasion I bought a stock that Dines recommended much later. Also I bought some really great performing miners that Dines NEVER bought, like DRD and BTG and so many other good ones he never mentioned.

Saudis going nuclear

Posted by ipso facto @ 13:20 on August 6, 2020  

China Helped Saudis Build Secret Nuclear Site For Extracting Yellowcake: WSJ

https://www.zerohedge.com/geopolitical/china-helped-saudis-build-secret-nuclear-site-extracting-yellowcake-wsj

Do we have to wait for earnings ?

Posted by Ororeef @ 13:10 on August 6, 2020  

profits are up but stocks dot seem to be bid ,but miners are making big profits and THATS when prices cant be held back  !  You cant short EARNINGS or dividends …thats an  irresistible  force ….Prices will no longer be the immovable object . At 0 yields only GOLD will be a investable place to be…

Markets are saying “SHOW ME” dont “TALK ” about it..this is NOT the DOW or S&P that lives in Fantasy land.SHOW ME THE MONEY !!

Stocks ?

Posted by Ororeef @ 12:52 on August 6, 2020  
Metals Date Time
(EST)
Bid Ask Change Low High
GOLD 08/06/2020 12:48 2059.60 2060.60

+20.10

+0.99%

2049.20 2070.80
SILVER 08/06/2020 12:48 28.30 28.40

+1.35

+5.01%

27.80 28.53
PLATINUM

Maddog

Posted by goldielocks @ 12:48 on August 6, 2020  

Don’t know what’s going on with shares but maybe some are taking profits right now with nervous traders since it gets beat down in every move up. Gold broke through resistance so unless some cabal it should keep going for awhile even if there’s some consolidation or shake out attempt by the crooks. That’s trying to stay optimistic.

This bull dozing homes? Gotta be more than a virus that can’t live on surfaces very long and UV light can destroy it. First you money and freedom now you homes. Then do what they say or you won’t eat or have a place to live.
Are they going to bulldoze THEIR homes if they get sick? Including transportation? Your cars? The courts? The supermarkets? Hum afraid to ask, the churches?

Absolutely LUDICROUS

Posted by Warren @ 12:33 on August 6, 2020  

Gold continues up in uncharted territory, silver flying along behind like nothing we have ever seen before and the miners are all red.

Heads need to roll here, not only for this silliness. Virus hoax, different rules for the elite bankers, complete negation of the rule of law. And all I see around me is people who are “all in this together” wearing their masks and thanking our leaders for …..???  All our political leaders need to be told in NO uncertain terms that we do not work for the  W.H.O.  The buggers are all singing from the same hymn book.

Shares

Posted by MetalsGuy @ 12:24 on August 6, 2020  

Totally fed up with the mining shares. I sold the last of my fr (ag) today.
Now they are free to go to the moon! ?
As I’ve sold off my shares I’ve been buying CEF and PSLV, and I’m all in.
Just feels a little safer.
GLTA

???

Posted by treefrog @ 12:04 on August 6, 2020  

gold up $18.30, silver up $1.20,  but hui DOWN ?????

folks, there’s some friggin’ in the riggin’

this WILL unwind to the upside, but when?

Metals coming back already, but shares a sea of red

Posted by Maddog @ 11:49 on August 6, 2020  

Carry on like this and the scums mates that trade with them, will be running for the hills ….who wants to be a dollar wrong in silver, in the time u visit the john.

Mike Maloney on Silver. Worth a listen for his rational and opinion.

Posted by silverngold @ 11:48 on August 6, 2020  

Forgot that we do have a jobs report tomorrow

Posted by Buygold @ 11:08 on August 6, 2020  

eeos – that could be your put option opportunity if the banksters play by their usual rules.

No doubt the shares sure seem to indicate something to the downside is coming.

OK – so the first real hit on the metals arrived

Posted by Buygold @ 10:52 on August 6, 2020  

Let’s see if we can weather it once again as we’ve done the last few days.

The shares have been under relentless attack as Maddog mentions. I guess the banksters will attack the only thing the have control over to keep a mania from coming into our small sector.

Apparently long metals, short miners is the play of the week?

Non-sensical of course, but when has our little group been subjected to anything that makes sense?

scum going to town now……ramming Dollar, letting SM fall and hitting all PMs

Posted by Maddog @ 10:47 on August 6, 2020  

Yet again the first hour bars look like shit on all PM stox

Posted by Maddog @ 10:34 on August 6, 2020  

this also has the advantage of making sure day traders don’t get involved, as the action is awful and illogical.

PAAS down 4 % Silver plus 5.3 %…….just insane…..where is the SEC…

Posted by Maddog @ 10:29 on August 6, 2020  
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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.