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rblong2us said:
I do my best not to align with anyone or any thing. Contrary bastard that gets left alone by regular folk ....
but having dumped everything into silver and gold and lost 25% on the silver but doubled up on the gold,
I now am unable to offer a simple answer to your question, hence mine.
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This is why some diversification is almost always a good thing. And I'm using that now to swap that outperforming metal for the one that's been bashed.
 
savvydon said:
Seems to me like something is keeping a lid on gold, especially with a little help from silver and the miners. of course that could be me just looking at the tin foil hat I'm wearing that has been pulled down over my eyes..
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It couldn't be paper shorts... that would be illegal....

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Metals especially Silver down a good bit miners flat to up. Only one day but worth looking at.
 
Tomorrow was the end of whatever rigged reporting they have to do. According to Bix. Not really sure what reporting that is and we all know they report whatever they want anyway, but I imagine it makes it a bit harder so the miners know. Gonna hit the LCS tomorrow morning.
 
rblong2us said:
So I should continue to hold my silver stash then ?
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Depends. If you have no debt and aren't pressured to generate dollars I would sit on it. I think it is fair to say that we are entering a time where silver is being almost universally maligned, where everyone is looking the other way, and yet the larger financial system seems to be balancing on the head of a pin. Logic dictates that it silver will find favor again, when events align.
 
savvydon said:
Depends. If you have no debt and aren't pressured to generate dollars I would sit on it. I think it is fair to say that we are entering a time where silver is being almost universally maligned, where everyone is looking the other way, and yet the larger financial system seems to be balancing on the head of a pin. Logic dictates that it silver will find favor again, when events align.
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I know Everybody here likes to poo poo on solar, wind energy (“ renewables”) & EVs. But the prices have gone down drastically and will continue to go down. So it’ll become more and more affordable for your average Joe. Silver is used obviously in wire, electronics and solar panels, etc. I think it’s a fair forecast that there will be increasing demand for it in the future. Hell, keep the conflicts going, weapons use a lot of silver.
 
Voodoo said:
This is why some diversification is almost always a good thing. And I'm using that now to swap that outperforming metal for the one that's been bashed.
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I guess this answers my question (-:

And yeah weve discussed this every so often over the years.
Big Jim was watching GSR closely as it drifted up around 100 and the logic of selling gold to buy silver was apparent.
But so far it hasnt been a winning strategy.
Why is it different this time ?
 
rblong2us said:
I guess this answers my question (-:

And yeah weve discussed this every so often over the years.
Big Jim was watching GSR closely as it drifted up around 100 and the logic of selling gold to buy silver was apparent.
But so far it hasnt been a winning strategy.
Why is it different this time ?
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No specific reason, but 90:1 is a heck of a return in my mind. I get 90 ounces of a metal that's hated now. Hated so much that almost no money is going into finding new deposits. I think when I purchased that ounce of gold it was 50:1. Someday I think those 90 ounces of silver could bring 90+ ounces of gold.
 
rblong2us said:
If I sit tight and this happens, I will have to create a charitable foundation ......

If I live long enough :ROFLMAO:
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Won't we all... :cool: Except it is guaranteed that if that happens it will be a very, VERY different world. I doubt the IRS exists in that world and lawyers might be sparse. However, maybe you need to hire a personal security detail.
 
Bought a few cheap March '24 SLV calls on the dip today. If we get beat down again tomorrow it will likely trigger some June '24 SLV calls I have a limit order in for. I guess I'm a glutton for punishment.
 
savvydon said:
Bought a few cheap March '24 SLV calls on the dip today. If we get beat down again tomorrow it will likely trigger some June '24 SLV calls I have a limit order in for. I guess I'm a glutton for punishment.
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Looks like a good bet. Silver is at a major support level and ZSL right up against resistance.
 
Voodoo said:
No specific reason, but 90:1 is a heck of a return in my mind. I get 90 ounces of a metal that's hated now. Hated so much that almost no money is going into finding new deposits. I think when I purchased that ounce of gold it was 50:1. Someday I think those 90 ounces of silver could bring 90+ ounces of gold.
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Ted Butler is laughing.
 
Could this be a problem?

More than 47,000 UK businesses on ‘brink of collapse’, warn insolvency experts​

25% jump in firms facing ‘critical’ financial distress, with property and construction sectors featuring heavily, says Begbies Traynor

More than 47,000 UK companies are on the brink of collapse after a 25% jump in the number of businesses facing “critical” financial distress in the final three months of 2023, according to a report.

It marks the second consecutive quarter-on-quarter period when critical financial distress has risen by a 25%, the latest “Red Flag” report by insolvency specialists Begbies Traynor found.

The construction and property sectors accounted for 30% of all businesses facing critical financial distress.

more
www.theguardian.com

More than 47,000 UK businesses on ‘brink of collapse’, warn insolvency experts

25% jump in firms facing ‘critical’ financial distress, with property and construction sectors featuring heavily, says Begbies Traynor
www.theguardian.com www.theguardian.com
 
Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of a "very painful economy," according to one analyst who covers the country.

"This is something investors need to be cautious of. The economy here is bad, it's pretty ... it's really bad. I've been in China for 27 years, and this is probably the lowest confidence I've ever seen," Shaun Rein, founder of the China Market Research Group, told CNBC's "Squawk Box Europe" on Monday.

"So deflation is starting to wield its ugly head. Consumers are waiting for discounts. They're very nervous."

Linked to a decline in the prices of goods and services, deflation is generally associated with an economic slowdown — raising questions over the growth outlook for China, whose post-Covid-19 recovery has already fallen short of some expectations in 2023. ...
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More:

www.cnbc.com

'It's really bad': China strategist warns of deflation and rock-bottom consumer confidence

The world's second-largest economy has faced a slower-than-expected recovery in 2023 after exiting Covid-19 restrictions.
www.cnbc.com www.cnbc.com

China economy at risk of deflation. US banks at risk of liquidity crisis. S&P 500 hitting all time highs. What could go wrong?
 
Hot or not?

image.thumb.png.faa1cc461b6d7cdcbda14078adc33072.png
 
Lancers32 said:
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That guy is full of Shyte. 50% pullbacks are completely fine and even typical for that pattern.

www.investopedia.com

Cup and Handle Pattern: How to Trade and Target with an Example

A cup and handle is a bullish technical price pattern that appears in the shape of a handled cup on a price chart. Learn how it works with an example, how to identify a target.
www.investopedia.com www.investopedia.com

Regardless Silver has a whole cabal of people rigging the price and they know these technical patterns as well and try to "violate" the rules whenever possible.
 
Voodoo said:
That guy is full of Shyte. 50% pullbacks are completely fine and even typical for that pattern.

www.investopedia.com

Cup and Handle Pattern: How to Trade and Target with an Example

A cup and handle is a bullish technical price pattern that appears in the shape of a handled cup on a price chart. Learn how it works with an example, how to identify a target.
www.investopedia.com www.investopedia.com

Regardless Silver has a whole cabal of people rigging the price and they know these technical patterns as well and try to "violate" the rules whenever possible.
Click to expand...
As you know the last 3 metals runups saw Gold make new highs each time while Silver did not matter of fact this last go round in 2020 saw Silver barely able to get to $30. You ask the average schmuck on the street what the price of Gold is very few will know. Silver? What's that? They ain't rigging it for the average putz. At some point you have to $hit or get off the pot. Silver is cheap so it has been an easy sell for the greedy. Look don't think.
 
Lancers32 said:
RU a glutton for punishment? Risk is to 0.


View attachment 11767
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Seems like AG was the sector darling not too long ago. Now it is in the maligned trash heap. Seems like an indicator of overall silver sentiment. Perhaps a good contrarian play... if you happen to be a glutton for punishment, which probably describes most of us on this forum.
 
Billionaire hedge-fund manager Jeffrey Gundlach said he’d consider cash and gold as financial markets display increasingly “grabby” behavior by investors.

In an interview that he posted Thursday, DoubleLine Capital founder Gundlach explained that “momentum” had been driving a bond rebound and fresh records for the S&P 500 SPX, as opposed to soft-landing hopes.

The Fed’s dovish pivot on Nov. 1 halted the climb in real yields, kicking off an everything rally that started with “blue chip” categories, the so-called bond king told Pensions & Investments editor in chief Jennifer Ablan on the social media service X.
...
He expects the S&P 500 could drop all the way to 3,200, in the onset of the next recession, which he has been steadfastly predicting.
...
Click to expand...

www.marketwatch.com

In a ‘grabby market’ investors should start looking at cash and gold, says DoubleLine’s Gundlach

Jeffrey Gundlach said in an interview that he’s worried about a “grabby” market and he’s considering cash and likes gold.
www.marketwatch.com www.marketwatch.com
 
My guess is he's only stupid when you disagree with him right?


thedailygold.com

Gold Stocks are Cheap and Hated

This week, I published a video update evaluating whether gold stocks are cheap or undervalued. There is a difference. But I digress. After publishi...
thedailygold.com thedailygold.com
 
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