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Lancers32 said:
Anyone can be right or wrong no one can predict with any certainty. If I am bullish I like to see prices go up. Another voice in the crowd.

Gold Stocks Reversal Silver And Fundamental News | GoldPriceForecast.com

<p>What a beautiful reversal in mining stocks! What a tremendous verification!</p>
www.goldpriceforecast.com www.goldpriceforecast.com
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I guess a lot of us been crowing about this since the first generation of that “other board”. Fact is, we’re seeing higher highs and higher lows.
When I first became interested in PM’s I bought silver at $13/oz and gold at $960 and that was CAD!
Our impatience should not betray the fact we’re making headway.
 
Prices are lower across the board in this complex for the last 3 1/2 years. The sector has sucked much better places for the money. If you are in it for protection I don't know how that's gonna work out for you. You gonna bribe a border guard and go where? Take it on a plane? Nope.
 
Lancers32 said:
Prices are lower across the board in this complex for the last 3 1/2 years. The sector has sucked much better places for the money. If you are in it for protection I don't know how that's gonna work out for you. You gonna bribe a border guard and go where? Take it on a plane? Nope.
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When the dollar blows up the metals will still be here. That's really all one needs to know.
 
Lancers32 said:
Tell me how that works.
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Jim Willie speculates on there being a domestic US$ that doesnt buy much and international payments based on something gold backed.
If R.O.W. chooses not to use US$ then this seems to be inevitable.
The argument that R.O.W. has no choice but to trade via US$, seems to be disappearing.
The 'point of gun' power projection that made US able to enforce this is disappearing.
US weapon systems are not fit for purpose ie waging war against an equal foe and they are several years behind Russ/China on cutting edge weapon systems.
Nuclear weapon use remains M.A.D. and while possible, is unlikely.
 
Lancers32 said:
Prices are lower across the board in this complex for the last 3 1/2 years. The sector has sucked much better places for the money. If you are in it for protection I don't know how that's gonna work out for you. You gonna bribe a border guard and go where? Take it on a plane? Nope.
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Gold is much higher over the past 3.5 years. It's done ok. Mining stocks have been suppressed and vastly underperfomed. Silver... well they continue dolling out beatings.
 

MAJOR SHIFT: U.S. CUTS Debt Sales, Collapsing Bond Yields As Debt Hits 121% Of GDP​

13m
 
Meanwhile, happy to report that I sold my March SLV calls for about 150% profit earlier this week. It wasn't a big trade, but it was a good one. Hoping we see another day or so of silver beatdown as I may reload with a similar trade. Stay tuned...
 
Some rambling market commentary for folks who like videos:

 
Lancers32 said:
Tell me how that works.
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The average life of a fiat currency is 35 years. Pretty sure the metals have been around since the formation of the earth. If that's true then wouldn't it be most likely the metals will be her long after the dollar blows up?😎
 
BeefJerky said:
The average life of a fiat currency is 35 years. Pretty sure the metals have been around since the formation of the earth. If that's true then wouldn't it be most likely the metals will be her long after the dollar blows up?😎
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The USD will be replaced by something. As far as 35 years goes I think the British Pound has been a bit longer than 35 years.
 
Who turned off the lights (all markets went red)?
 
Oh I see. BLS published a strong jobs report which is likely to be heavily revised in a month or so.
 
...
Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department's Bureau of Labor Statistics reported Friday. The unemployment rate held at 3.7%, against the estimate for 3.8%.

Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, or 0.2 hour lower for the month.

Job growth was widespread on the month, led by professional and business services with 74,000. Other significant contributors included health care (70,000), retail trade (45,000), government (36,000), social assistance (30,000) and manufacturing (23,000).

The report also indicated that December's job gains were much better than originally reported. The month posted a gain of 333,000, which was an upward revision of 117,000 from the initial estimate. November also was revised up, to 182,000, or 9,000 higher than the last estimate.
...
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Translation = Fed won't be cutting rates any time soon.
 
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They completely changed something with the numbers again. Counting illegals or something. Pumped the government DS front companies like META and then use it as an excuse to hammer PM's again. Rinse and repeat until they get wiped away.
 
Voodoo said:
They completely changed something with the numbers again. Counting illegals or something. Pumped the government DS front companies like META and then use it as an excuse to hammer PM's again. Rinse and repeat until they get wiped away.
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Can't believe anything they say.
 
In case you want to see some of the details as always ZH writes a good summary.


Not only that, but while the US allegedly added 353K jobs, and employment dropped by 31K, full-time jobs actually declined by 63K and part-time jobs surged by 96K,

Clearly none of that mattered to the BLS, however, which had just one mission: to make the Biden economy look double super good-good ahead of the November elections,
 
This BS in the gold market has been old for a while now, but now it's just getting absurd.
HL back to the lows after a fakeout rally. It says: "Nope - no bull market for you!"
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pmbug said:
Some rambling market commentary for folks who like videos:
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Depends on what the content is... if she's scantily clad... well then...!

pmbug said:
Oh I see. BLS published a strong jobs report which is likely to be heavily revised in a month or so.
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It's called Management Of Perspective Economics, or M.O.P.E.
 
It's all coming out...

EVERYTHING IS A LIE -- BIX WEIR​

Bix Weir is back to talk about banksters, the "TRILLION DOLLAR" silver market and the fact that at this point pretty much everything we have ever been sold or told is a LIE.
60m
 
this guy has all the facts, figures, charts...

 
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Saylor. Back the USD with $hitcoin. What a concept. Back fake money with...fake money.


 
There is no need to "back" the USD with anything. Just let gold, silver, BTC, other crypto compete on an even playing field.

www.pmbug.com

Gold As Unpegged Legal Tender

Gold As Unpegged Legal Tender We need to level the currency playing field to enforce a practical, market based boundary on irresponsible monetary and fiscal policy. Poor System Design Our Founding Fathers understood the problems with fiat money and monetary debasement. They attempted to...
www.pmbug.com www.pmbug.com
 
Gold up, miners down. Just another day in paradise. Look the other direction….
 
M.O.P.E. - "Management Of Perspective Economics" Jim Sinclair

 
If you can believe their numbers which will be 'revised' yet again in the months to come: M.O.P.E.

 
Gold holding over 2k this gets battered. I guess the fear is if we have a good sized downdraft in the metals from here how low can this go? The next down move is the one to buy big. At least that's what they say but...


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Hit my limit buy today on some SLV June calls at 21 strike price. Lets see what silver does...
 
savvydon said:
Hit my limit buy today on some SLV June calls at 21 strike price. Lets see what silver does...
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I guess when the time comes Silver will run with Gold when the real run begins. If you believe anything Martin Armstrong says then you want to be in by July when things gets crazy. Good luck with the calls.
 
Not a big fan of the majors and Newmont included. They've made major purchases of Goldcorp and Newcrest which is gonna be difficult to really make much money on. Then look what I found in their last presentation...its all about ESG and Diversity bullshit.

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