steven grammont
NES Member
I would love to see that
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Gold and silver prices are down
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Varmint
NES Member
The banks are still overly short gold and silver, if prices keep going up you could see a short squeeze of mega proportions as banks try to cover the massive short bet.
steven grammont
NES Member
I've been making sure to add to my stack every month
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Looks textbook. If it holds over the next few months then the next 5 years could see a good run.
Is $2200 now resistance? Another retest of $2100 next week for Fed speak?
Varmint
NES Member
We’re in uncharted territory, there’s no resistance levels.
Yup. Futures up over $25.
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Varmint
NES Member
Silver and miners are waking up. Great sign.
Win
NES Member
I’m reading on Twitter that China is also hoarding silver. So gold AND possibly silver are moving east. Luckily we have nearly all of the digital tokens ![[thumbsup]](/xen/styles/default/xenforo/smilies.vb/044.gif "Thumbs Up [thumbsup]")
Varmint
NES Member
I’m reading on Twitter that China is also hoarding silver. So gold AND possibly silver are moving east. Luckily we have nearly all of the digital tokens
View attachment 861257
Bah, trying rolling a joint with a bar of silver, or lighting a campfire.
Varmint
NES Member
Silver and miners have started leading gold. That’s a great sign. Silver is up over 1% in the pre market despite gold being slightly down.
Varmint
NES Member
Some good junior miners leveraged to silver. Mines that are primarily silver are rare, most silver is mined as a byproduct of industrial metal mines.
In order of most leverage
1) Discovery Silver (DSVSF, DSV.TO)
2) Vizsla Silver (VZLA, VZLA.V)
3) I-80 Gold (IAUX, IAU.TO)
4) GoGold Silver & Gold (GLGDF, GGD.TO)
5) Skeena Resources (SKE, SKE.TO)
6) Dolly Varden Silver (DOLLF, DV.V)
7) Prime Mining (PRMNF, PRYM.TO)
8) Liberty Gold (LGDTF, LGD.TO
In order of most leverage
1) Discovery Silver (DSVSF, DSV.TO)
2) Vizsla Silver (VZLA, VZLA.V)
3) I-80 Gold (IAUX, IAU.TO)
4) GoGold Silver & Gold (GLGDF, GGD.TO)
5) Skeena Resources (SKE, SKE.TO)
6) Dolly Varden Silver (DOLLF, DV.V)
7) Prime Mining (PRMNF, PRYM.TO)
8) Liberty Gold (LGDTF, LGD.TO
Thank you for that list
Varmint
NES Member
Thank you for that list
my paid newsletter guy recommends all but #1, which has issues with Mexico’s new anti mining laws and may not get a permit til late 2025. I own all but #2.
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We sell you Amerkan govment back your silver now. Only fifty dollah ounce. Minus ten percent for big guy.I’m reading on Twitter that China is also hoarding silver. So gold AND possibly silver are moving east. Luckily we have nearly all of the digital tokens
View attachment 861257
Figured better late then never. Took the plunge today. In honor of Saint Patrick's Day I bought a 5gram gold bar from The Perth Mint for my daughter. She has been building traps the past few years with the hopes of catching a leprechaun. One year she managed to "trap" his shoes and hat. This year she is offering them up as bait to get him. This year she just might manage to get a little bit of his gold in her trap and a silver unicorn coin. I am new to this stuff but I feel like I did ok looking around at prices. Didn't get the best deal but didn't get taken to the cleaners either. Probably could have saved a few dollars (like 5 or 10) if I gave myself more then a day and shopped around.
New high for Gold.
Almost $2,200.00
Was just at $2,199.90
Almost $2,200.00
Was just at $2,199.90
I don't understand why the market hangs on the FOMC's every word to the point that when they say and do exactly what everyone expects, the market reacts as if it had been handed some real news. Everybody is simultaneously happy but for contradictory reasons. Ah, I guess I'm just frustrated because I got stopped out of most of my shares of GDX last week at 29.7, and that was looking like not such a bad thing this morning. I thought about buying back in at 29.2 but decided against it. Doh!
I sold a few days ago my GDXU position and bought back in at the morning dip in expectation of Fed speak.
It is sad all markets hang onto the Fed with such fanfare. Because they chose a path of zirp, transparency, and showmanship we now are forced to wait on them or some exogenous event to occur. Please take me back to where fundamentals mattered and a central bank just shuts the eff up.
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Well said. I can't complain too much, I guess. The reason I had such a large GDX position to begin with was because I said "This is stupid" when I saw the market selling it down to around 26. I just figured it was a sure thing GDX gets back to 30 within 3 months, and it happened way sooner than I expected, and for reasons I still don't really understand.
“Idiotic” is the only word for valuations of miners vs the underlying gold and (soon) silver prices. I mean, for those with a longer investment horizons there is no better value in finding the best companies with huge upside leverage to the gold and silver price. So cheap.
Varmint
NES Member
A lot of these jumps after a Fed announcement are algorithms reading the article titles and making trades. Many times the trend reverses the next day, so you might get your chance tomorrow.
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Where the best deal these days on silver eagles or similar from a reputable dealer?
Varmint
NES Member
This is mining investors:
“Gold is $1900 but it’s going to $1400”
“Gold is $2000 but it’s going to $1400”
“Gold is $2100 but it’s going to $1400”
“Gold is $2200 but it’s going to $1400”
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