How is President Trump doing? With a one being worst and a ten the best.
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Loading ...Re Buffett no way was that real, he never says things like that….his old mate Charlie Munger did and worse, but Buffett has always been quite cryptic/delphic, often hard to decipher.
Which suggests this is a planned attack in front of earnings…..I may well be very wrong, but sense we have some huge shorts very badly caught.
I’m glad you saw the warnings. It does make you wonder though why they were taken down than considering two of them so close together when a businessman like him has so much on his plate. Plus he’s bought both gold and silver before himself. Last time was B sold just this last year. He kinda got out of everything early and sitting on a lot of cash waiting for a crash. Plus I can’t remember a time he has done dedicated don’t invest, not just don’t buy right now but don’t invest in gold or anything for that matter announcement especially when he’s bought it himself. Kinda off character.
In the future we’ll see how these anti commodities only business investors do when things will be changing on this current path when commodities that make them run will be needed more and more.
Investors in junior minors or produce nothing yet explorers is risky though and all about timing not buy and forget about it but then no matter what it is cuz times like 2008 should of told them that, not all will survive especially with political corruption involved.
I’m not sure what your talking about. The place I order delivers in 3 days. Apmex and that other one you with the Kirk coins takes a week or more. No one said you buy to flip nor me although I could easily by charting and would be my prerogative but I’m not paying 10 or more over spot in silver just so they can play futures or take advantage of people who can’t read charts.
Also if you notice is a sign buying for the little guys will slow pricing them out if they can’t buy at quantities of big money. eBay you can’t trust if their real less from a shop. I bought one fake coin years ago and made him take it back or I would of destroyed his ebay business and should of been anyways.
is the fact that today’s drubbing is conveniently being pigeonholed into the same old argument that precious metals act the same way time after time, and that they’re not a good overall investment.
No where ( I admit that I don’t watch CNBC) is the truth mentioned that precious metals have been going up ( or the value of the dollar is going down) because the existing usurping financial model is about to go extinct, and this whole ponzi scheme has been a giant farce.
I have an old friend who sent me a chart today of patterns that Gold should now follow. I try to tell him that it’s different now, and I know he thinks I’m a cool-aid drinking certifiable “Gold Bug”.”
You make a lot of sense. Especially the earnings reports. The one thing that bothers me is palladium went up to $3000 and went back down.
Jim Chimirie 🇬🇧🎗
@JChimirie66677
A Jewish lawyer has been arrested for wearing a Star of David on a London street. Not for assault. Not for provocation. For wearing a 2cm symbol of his faith – because an officer decided it might “antagonise” pro-Palestine protesters. The man was handcuffed, held for ten hours, questioned about his “political beliefs,” and told that his necklace could offend.
There it is: the quiet death of equal citizenship. The symbol that once marked Jews for persecution in Europe now marks them for arrest in England.
The police call it “keeping the peace.” In truth, it’s cowardice turned into policy. It’s what happens when the state becomes more afraid of offending the offender than protecting the victim. “Antagonising” has become a crime. Translation: if a mob hates you enough, you lose your rights.
I don’t know what it means, other than they were trying to induce panic selling. Mission accomplished. Now they’ve either covered or picked up some shares at a nice discount.
If I looked at the price of the HUI right now, I would never expect the price of gold to be up at near $4200, would you?
PM’s have risen for a reason, hard to believe that reason ended overnight. But what do I know? 😉
One thing though, I literally can’t wait to see earnings, they probably won’t matter if the metals are down, but they should be blockbuster. I think NEM kicks us off on Thursday.
I think you’re right Captain. There’s going to be oscillations to the upside as well!
Looking forward to it!
I think we all knew when they start talking too much on TV, about something that’s been roaring, its goes down the next day. I noticed every one of my stocks had a huge volume bar on the open at 9;30 am. I don’t know what that means.
and who was it ( from the LBMA?) that called the Treasury ( Beasent?) and pleaded for some Silver to be flown into London?????
I remember Sinclair talking about the swings in 1980. I think he said there were $100+ swings on the way to $800.
If this is really “it” then I would expect $2-300+ swings will be the norm eventually.
Boy, does this make me think about our conversation. I still think it was altered. Brings up some questions.
Just another brick in the ‘Wall of Worry”?
I got mine in a week. If you’re looking for a “deal” they’re not for you. eBay has plenty of silver for cheap. I didn’t buy them to resell and turn a profit.
They are not going to like this range expansion once things turn around.
This is a two-way street.
Hang on to your shorts (pun intended).
Something tells me we got a whole lot of covering going on today.
Chuckle
HUI has lost 100 points in 3 sessions. OTOH, six months ago if you told me gold would be around $4K and silver $47, I’d be pretty happy.
Will be interesting to see how the metals respond and where they find a bottom.
Shares are a bargain but not if the metals have much more downside.
… PM share to gold ratios are already in the buy zone … and will be heavily oversold in no time if this keeps up …
Rid’em cowboy.
Chuckle
that PM shares are basically still worthless, no matter the price increase of the metals……smells to me like we still have some monster shorts, who can’t get out, without driving prices way up……looks like they will get stopped by the margin man and the funds go tits up.
Will the Algo’s buy the down Gap, just like they always sell up gaps ????
Putting the boot in before the open!
Dog
This should really be interesting as earnings based on gold price July-Sept.
Should be another record for both revenue and profit not to mention cash generated.
Dog
Over 4,000 deliveries yesterday … another 2100 today … and counting on the month (running at a record clip – Michael Lynch on Gold and SIlver | Michael Lynch on Gold & Silver | Substack) … gold being down today should be seen for what it is … a tactic to scare investors off … something to be embraced me thinks.
Gold Futures Volume & Open Interest – CME Group
Thank you Yoda.
Mornin all
We’ll see how your wave counts work, we hit $49.16 in the overnights.
The real battle in silver might be starting. Somehow they seem to have resolved the shortage problem, at least for now.
Shares just getting cheaper, funny how they get beaten so bad even when short term moves don’t really have an impact on their current earnings. So undervalued as of today.
Let’s not forget we have a Fed meeting next week. I’m sure they don’t feel too bad about today’s action.
… find out what these data centers are all about and what it means for you … hint … it’s the end of your life as you know it …
… between this and the banks being in trouble again you would think PMs should be able to hold their ground here … and you would be right … where as you can see below … if history rhymes moving forward … this analog from Jordan over at TheDailyGold.com shows gold goes sideways for a few months and then doubles again next year (and then doubles again going into the 2030’s (wonder how they handle that – not well).
Gotta go but PMs might not bounce right away … but it should be coming before Christmas.
Cheers
Re Calls….I hate to think how expensive they are…the Volatility must be huge.