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Reminds me of listening to the MSM business channels telling "Why" the market went this way and that...Gold prices losing some ground as U.S. economy created 199K jobs in November, unemployment rate drops to 3.7%
(Kitco News) - The gold market is seeing some solid selling pressure as the U.S. economy continues to add more jobs than expected, which is also pushing down the unemployment rate.www.kitco.com
As long as you're happy with your purchase Voodoo, that's all that matters.
I'm not trying to deflate you or put you down.
It's just a personal preference kinda thing.
I guess I'm a grumpy old man who refuses to pay a 12% premium.
I know people who bought Silver when Carter was President and they are underwater now. Give you one thing. You got a higher conviction rate than Judge Roy Bean.That's a pretty darn low premium in my opinion. Especially for one of the nicest/highest quality sovereign mints. The days of buying coins at spot are long gone. We are into stacking what deals you can find. Soon that will be panic buying into whatever you can find. And not long after that it will be gone. Too bad so sad.
Well let me caveat that fact. You probably will be able to buy silver coins at spot again, if there is such a thing. But that price will be like $600 / oz. So forget the premiums, focus on the price you acquired it at. Or think of it this way. Spot price is COMPLETELY meaningless number. Ignore it.
I know people who bought Silver when Carter was President and they are underwater now. Give you one thing. You got a higher conviction rate than Judge Roy Bean.
I do care about where the price goes this century. Once a year is short term?I have an investors mindset. I don't give a damn where the price is next week. I know what the value is and where the price eventually goes. The more I get of that item the better. So it if plunges next week, fantastic, it's an even better value proposition. I put the silver price into the spreadsheet to see what its worth once a year.
Now, that makes for dangerous short-term trading mentality.
Thats how I see EXK as well. 2025 is my outlook for making money on that stock. Until then I just keep buying and get my average as low as possible.I have an investors mindset. I don't give a damn where the price is next week. I know what the value is and where the price eventually goes. The more I get of that item the better. So it if plunges next week, fantastic, it's an even better value proposition. I put the silver price into the spreadsheet to see what its worth once a year.
Now, that makes for dangerous short-term trading mentality.
Which brings up the point that there is still money to be made in a sideways market. By simply purchasing silver futures at $22 and setting stops at $25 you can make an easy 10% every cycle.I know people who bought Silver when Carter was President and they are underwater now. Give you one thing. You got a higher conviction rate than Judge Roy Bean.
Thats how I see EXK as well. 2025 is my outlook for making money on that stock. Until then I just keep buying and get my average as low as possible.
I’m partial to wampum beads and big stones with holes in them.Everyone keeps predicting the end of the dollar. Show me the replacement. China, Russia, brics, swift, nothing even comes close.
I didn't listen to this interview since I already read a synopsis. He is not friendly to the metals complex either.
Joe Six Pack doesn't run this market. You selling gold coins in this market? How much is that gonna help pay those credit cards?
A flurry of major central banks are set to make their final rate decisions of the year in a crunch week that will test market bets for rate cuts in early 2024.
The U.S. Federal Reserve on Wednesday will kick off what is poised to be a pivotal week, followed by a "Super Thursday" when the European Central Bank, Bank of England, Swiss National Bank and Norway's Norges Bank will all meet.
Policymakers at the central banks are broadly expected to hold interest rates steady, except for Norway's central bank which warned it would likely raise the cost of borrowing in December.
Investors will be searching for clues in the banks' statements on when rate cutting could start next year as inflation continues to fall away from its highest level in decades.
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Markets are confused over the odds of a U.S. recession, and "somebody has got it wrong," according to hedge fund manager David Neuhauser.
The CIO of Livermore Partners told CNBC on Monday that many investors are hoping for a "Goldilocks" scenario, in which the economy doesn't grow too quickly, or shrink too much.
"The outlook was, of course, that the Fed's going to look to be cutting rates because they see a soft landing approaching. And it looks like, on the surface, it is," he told "Squawk Box Europe."
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"But at the same time, underneath the surface, you're seeing a lot of cracks," Neuhauser added.
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"When you look at the oil … and you look at the gold market, that's telling you recession is in the front," he said. "But when you read the tea leaves in terms of what analysts are saying, economists are saying as far as the U.S. economy — that the soft landing is approaching. That's what, actually, the 10-year [Treasury yield] is telling you."
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Guess they been selling those Silver coins for the past 40 plus years huh? C'mon man. Look at CDE today though.A gold coin would pay a Lot of bills. However, these are silver coins people must be selling. And they would definitely help someone keep their bills going for a bit longer. A couple coins would make minimum payments. Or scrounging some together to keep the tow truck away from Repo'ing your car.
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