New CNBC headline incoming (whilst ignoring a $700 gain since Jan).Ruh Roh... shelter in place. Price back below $2000...
How will I feed my family???
“Gold drops on stronger dollar and weaker sentiment”
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Gold and silver prices are down
- Thread starter Rider
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“Gold drops on stronger dollar and weaker sentiment”
richc
NES Member
Come on, put your masks back on!
richc
NES Member
S&P hit a new high today, wiping out all the COVID losses.
Can anyone explain how/why investors believe there are no longterm consequences or issues with COVID/layoffs/elections? How our economy has created this valuation with so many small businesses failing? With so many small and large retailers failing?
It does appear that a lot of the stimulus money has kept some small businesses alive. And the individual stimulus payments seemed to make their way to big retailers, especially online retailers.
But that's all gone now. What's next?
FYI I shorted the S&P this morning. It's all just to insane for me to believe.
Can anyone explain how/why investors believe there are no longterm consequences or issues with COVID/layoffs/elections? How our economy has created this valuation with so many small businesses failing? With so many small and large retailers failing?
It does appear that a lot of the stimulus money has kept some small businesses alive. And the individual stimulus payments seemed to make their way to big retailers, especially online retailers.
But that's all gone now. What's next?
FYI I shorted the S&P this morning. It's all just to insane for me to believe.
Varmint
NES Member
Ruh Roh... shelter in place. Price back below $2000...
How will I feed my family???
Well soon a steak will be $2000 so you can retire on one gold coin.
![[cheers]](/xen/styles/default/xenforo/smilies.vb/018.gif "Cheers [cheers]")
Varmint
NES Member
Eventually the stopped CNBC clock will be right. "Gold at $6000, the rally is over!"
richc
NES Member
Maybe in the distant future but not likely in the near future. It will take a full collapse of our economic system and US dollar to reach those lofty levels. A complete panic.
Since you shorted the S&P the reset will begin.
Varmint
NES Member
Don't think investors care about the economy, or else bad news is good news => more printing.
richc
NES Member
Until they don't... that's the point.
This extreme bullishness is like the band members sinking with the Titanic.
View: https://giphy.com/gifs/leonardo-dicaprio-titanic-james-cameron-sZRjUjcBFit6U
View: https://giphy.com/gifs/leonardo-dicaprio-titanic-james-cameron-sZRjUjcBFit6U
kingfisher
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And now for something completely different ...
Robert Kiyosaki on why the U.S. may no longer be a free country
Robert Kiyosaki on why the U.S. may no longer be a free country (Pt. 1/2)www.kitco.com
That's Part 1 of 2, and apparently the second part isn't out yet. I hope I remember to look for it.
Probably will be on the kitco.com site tomorrow.
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Except the ship may not actually be sinking, it's being kept above water because TPTB keep shoving future taxpayers under the hull. May as well enjoy some music in the meantime.
Ah yes, I had forgotten about the MCFD. (middle class flotation devices)
richc
NES Member
MarketWatch: Morgan Stanley takes victory lap of sorts on inflation call as they offer three reasons why prices will accelerate past Federal Reserve targets.
www.marketwatch.com
Morgan Stanley takes victory lap of sorts on inflation call as they offer three reasons why prices will accelerate past central bank targets
Morgan Stanley's economics team has taken a victory lap of sorts on their May call that U.S. inflation will return, as it laid out three reasons why prices...
www.marketwatch.com
Anyone have experience with Aydin Coins on eBay?
I usually only deal with apmex but the cost difference between the two are significant when you look at the quantities you're going to buy. Maybe not worth it to switch to an unknown seller. However, maybe they aren't that unknown... Hence the reason for my question.
I usually only deal with apmex but the cost difference between the two are significant when you look at the quantities you're going to buy. Maybe not worth it to switch to an unknown seller. However, maybe they aren't that unknown... Hence the reason for my question.
Lot of 5 - 2022 American Eagle Coins 1 oz .999 Fine Silver BU - In Stock | eBay
Somalian Gold Elephant Series. We will always do our best to accommodate you. US Mint High Relief Gold Coins ( 2009 and 2015 ). Australian Gold Coins. Buy Palladium. Palladium Bars. Chinese Gold Coins.
www.ebay.com
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100% positive feedback with 131k reviews. I wouldn't worry about them.
Varmint
NES Member
Brick and mortar shop in NJ with good reviews.
Nice selloff in miners today.
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Forget that classic B-school thinking. It's wrong.
The market is a bookie operation where decisions are often made based on the investor guessing what other investors will guess yet other investors will guess others will do ......
This is a far cry from "market evaluation of the NPV of all future cash flows from the firm to the shareholders".
Varmint
NES Member
Market is about fundamentals like gun control is about stopping crime. It is sometimes cited as an excuse to just do what you want.
Varmint
NES Member
My Revival Gold and USAS bids got triggered. But I think this buying opportunity in miners will get better. I have a lot of buy orders set up.
Yeah whats the deal with that? Isn't supposed to be anything over $1000 is tax free?
I was thinking you’d get in when I saw it hanging around $.76. Nice job. I bought too high so let’s hope their drill results are stunning. Erfle got in at $.90.
Varmint
NES Member
Yeah only partially filled at 0.75, too busy to adjust the orders. Been crazy busy with work. With junior individual miners you never know when they might bottom and take off. They all correct on their own schedules lol.
Yup. For example I’ve been watching Canasil gain 20% one day, drop 20% the next day, then gain back another 20%. Crazy volatility but I like it and I’m not moving in and out as much as I was back in June.
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