Yes can't get anything past you
Next great investment: Gold and Silver
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Ok what's your guys take?
It seems like the Bitcoin crowd shunned gold. Never jumped on that trade. Maybe just because they view it as a direct competitor. But we've seen the Bitcoin crowd embrace the silver trade. Big time. Since October or so, silver has gone parabolic. It feels great but we know its likely setting up for a legitimate correction. Don't get me wrong; I think silver goes much higher, but the bitcoin/momentum crowd WILL jump off silver at any sign of slowing momentum. That could see the spot price fall from 108/109 to 70 or even 60. For those waiting on the side, THAT is your chance. Don't wait for $35 silver, or $3000 gold. Those numbers likely gone for good.
Definitely look at the miners. Those earnings estimates are based on $35 silver and $3500 gold are going to get absolutely obliterated. Even if the spot price falls to $75, these companies are printing money. They've lagged the metal, but they are spring loaded, and will catch up and likely pass the metal itself on a relative basis.
It seems like the Bitcoin crowd shunned gold. Never jumped on that trade. Maybe just because they view it as a direct competitor. But we've seen the Bitcoin crowd embrace the silver trade. Big time. Since October or so, silver has gone parabolic. It feels great but we know its likely setting up for a legitimate correction. Don't get me wrong; I think silver goes much higher, but the bitcoin/momentum crowd WILL jump off silver at any sign of slowing momentum. That could see the spot price fall from 108/109 to 70 or even 60. For those waiting on the side, THAT is your chance. Don't wait for $35 silver, or $3000 gold. Those numbers likely gone for good.
Definitely look at the miners. Those earnings estimates are based on $35 silver and $3500 gold are going to get absolutely obliterated. Even if the spot price falls to $75, these companies are printing money. They've lagged the metal, but they are spring loaded, and will catch up and likely pass the metal itself on a relative basis.
silver getting hammered now...
the 2nd half of the year........hours with go 4am -8pm...then 8pm - 4am
looks like they want to make it like a sports book
this means little if they don't make the margins smaller
what a great call nearly 2 years ago. what a run gold and silver have had.
hats off to you man. just a tremendous call
Thanks to some very smart people and the desire to help rather than divide, everyone has contributed in trying to better themselves, and others. We all have major decisions to make, as Trump in May will hire his Fed guy and lower interest rates which should be good for gold and silver,but bad for fixed assets. If your a Cd guy you better act fast because 1.5% is coming soon. If your a current investor the miners as valuist said are undervalued. Gold even at 5000+ despite at an all time high is too.
it is not just gold
look at the VEU 5.72%....The VEU are the stocks outside of the USA
........................VTI are the stocks inside the USA which is at 2.02 %
money is moving offshore............... just like last year......betting inside the US is a loser
look at the VEU 5.72%....The VEU are the stocks outside of the USA
........................VTI are the stocks inside the USA which is at 2.02 %
money is moving offshore............... just like last year......betting inside the US is a loser
Yep. I always laugh when some talk there is nothing good on the forums any more.
I had very little gold (under 2%) and no silver at the time, this thread is what changed it for me.
And BTW Raiders did the same thing for many of us with cryptocurrency around 2015 or so......
If not for these forums I'd almost guarantee I'd have never invested a quarter in BitCoin.
Reach-around time is over, back on topic please.
gold 5180
maybe you should have listened to the GS analyst LOL
The central banks are buying gold, and any sharp investor is buying it and you don't think it will get to 5400?
This thread influenced me to diversify into the mining companies in December:
HECLA +46.57%
BARRICK +20.12%
HYCROFT +117.57%
SIBANYE-STILLWATER +43.23%
I’m with you on both Hecla and Hycroft. Hycroft is a speculative play. Very big reserve in Nevada, so no jurisdictional risk. Mgmnt team with plenty of experience. Eric Sprott recently bought 200,000 shares.
AGQ +139% YTD
SILVER ULTRA = 2x ODDS on the CRAPS TABLE....table minimum $374 a share... for ultra high net worth people only....note:..the chicks are on this table playing the minimum
exp. ratio 0.95%
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- Tether Holdings SA has become one of the biggest players in the global gold market, with a hoard of around 140 tons of gold worth approximately $23 billion.
- The company is buying gold at a rate of about one to two tons a week and plans to continue doing so, with the goal of having a steady and stable long-term access to gold.
- Tether's chief executive Paolo Ardoino predicts that Washington's geopolitical rivals will launch a gold-backed alternative to the dollar, and the company is preparing to capitalize on this trend with its gold token, Tether Gold, or XAUT.
Every week, more than a ton of gold is hauled in to the high-security vault, owned by crypto giant Tether Holdings SA, which is now the world’s largest known hoard of bullion outside of banks and nation states.
Over the past year, Tether has quietly become one of the biggest players in the global gold market — the embodiment of a meeting of the crypto and gold worlds whose shared distrust of government debt is a major factor behind the surge in prices to never-before-seen highs above $5,100 an ounce.
It’s a trend that Tether is seeking to capitalize on with another product, Tether Gold, or XAUT, a gold token redeemable for physical bullion. The company has issued XAUT equivalent to about 16 tons of gold or $2.6 billion, and has also launched a smaller denomination of the token called Scudo.
Not good.
U.S. Dollar tumbles after Pres. Trump says he isn't concerned about its decline
Pres. Trump comments on weakness in the U.S. dollar in Iowa
www.cnbc.com
Not good.
U.S. Dollar tumbles after Pres. Trump says he isn't concerned about its decline
Pres. Trump comments on weakness in the U.S. dollar in Iowa
true.... good thing he has scott bessent with him...he worked for george soros a while back
I have alot of respect for Andy Schectman. He has been very sharp and knowledgeable. He says crashing the dollar is by design to bring back manufacturing. Trump wants lower interest rates,and will get it in May when Powell's gone. All this is playing out toward a monetery reset with Gold.
Micheal Oliver likes a oil breakout at 63. Down the road I might look at Exon or Chevron but not for big money. When bitcoin drops to 60,000 may by Cordano which is the block chain of the Brics.
I disagree. All lower rates does is push up RE prices to even worse levels.
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Got your 63 w oil. I bought Exxon back in Nov. As Rick Rule said, "oil is so hated. Nobody likes it. That's means its time to invest in it."
something is going on for sure.........the world leaders are scratching their head
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5500 and rising
That's evidence that their forecast was wrong, not that it was right. It's already well beyond that.
Are they now going to raise it to $5700 or $6K? It's meaningless to get it wrong and then just try to stay ahead of the price.