Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Very informative again I appreciate your time. I know my English is poor. I totally understand what u are saying
roughly the high of gdxj was 42.7, hit sept 4th, minus ten percent pullback figure which wall street likes to use, = 4.3 is 38.4
I factor in that this is gold stocks so you know the 3 month pullback will be more than 10 or 12 percent
so just add in another 2 bucks, perhaps almost 5 percent, and we are at a good 14% buy point today as a pullback
14% retracement. 42.7 * .14
5.978
42.7 * .14
so we are right there now, if this is just a 14% retracement.
a $5.978 buck retracement if it is 14%.....which is the current price of gdxj
soemwheres around here. The mantra is that when you are in a YOUNG bull market (not an aging one), pullbacks are very sharp but short in duration. My calculations are arbitrary I suppose. I gotta figure as rates come down, GDXJ will be up to at least the old high, which means closer to a 20 percent gain, the next year. IF WE ARE IN A PRECIOUS METALS BULL MARKET, IT WILL BE UP EASILY 2X THIS, 4O PERCENT....BOTTOM LINE GOAL
i have sucked too for a long time. I used to make so much bank.
financial advisors are just clerks, but some are good.
I look at Stockcharts for GDXJ, what I somewhat arbitrarily choose as a proxy for the precious metals sector,
and I look at it from a 3 year perspective, which is the way i once again, try to look at this sheat
and then I look at GLD
my conclusions are this: charts tell you nothing. gdxj looks very good, and gld looks impossible, but the gold miners are like plutonium, they are like silver stocks, way out ahead of the future
what neither chart can tell you is the radical, and I mean radical, switch of global central banks the past 3 to 6 months....totally different from the FEd, which Trump is hammering day in and day out....and he is right, the banksters wrong. Other countries are trying to get it together. The scum germans are NEGAtive INTEREST RATES...
THE STRONGEST ECONOMY IN EUROPE, THE SCUM GERMANS are desperate beyond belief and they are smart peeps.........
so if 1/3 of the world is negative interest rates, then two things MUST HAPPEN:
1. people will switch out of paper into gold, that is logical, why would you hold paper if with gold you get realness and are not paying interest? this is a lot of peeps globally.
2. america must bring its rates down. I know they want to engineer a recession to take back DC power, I get that, they are what they are, establishment people and trump hates them and they hate trump, but their time is limited. He is gonna be pres, he will get a new FED chair, as this guy, is not a bad person, but he has no balz, and Jay cannot stand up to the establishment bankers, that is an understatement.
3. So jay either does what the JP morgan bank chief guy said, and he said it like it was obvious what the FED must do, or Jay is fired. I think he is a completely dead man walking. Trump knows he is a pussey boy. .and then, in little more than a year, we get a new fed chair, and that guy will drop rates like god knows what, and gdxj and sil will smell all this out way ahead of time
who knows i wish i did............but these corrupt western and chinese govenrments gotta inflate or they die, that is the bottom line. They cannot once again, have severe crushing recessions, or they are out so fast on their asses.............
who knows. \
having spewed this stuff out, I have no idea....Maybe the system is so strong it holds together. I think negative interst rates means the middle class and working class pension people of the world will lateral a lot of their dough into gold.....I would
Thanks again. I respect your knowledge and experience. And I need help. Nobody will help me. All advisers tell me to just wait for a crash and go into s&p index funds. I really to a huge hit. It's killed me.
great willie. fwiw, a lot of gdxj is silver miners too....my plan over the course of the gold silver bull is to move more into sil and silj...all will wildly outperform gdx, if indeed we are in a gold bull.
Well I'm sil and silj I think you're correct. Of coarse I've been doing my own dd for what it's worth
the gdxj breakout, fwiw, was 35 bucks. It is perhaps the core index, as much as gdx, as the smart money in a bull market will gravitate to gdxj, and silver in a true bull market......
but anyway.....gdxj range for several years was 28 to 34.5.....and trending down of course
I cannot imagine, with the thing going to 42.5, we get near below 36 bucks, but you cannot tell, gold stocks are crazy
My thinking is that now is different from the 6 month false gold move 2.5 years ago, is that the world now is dropping rates and going negative interest rate, and this is a huge quanitity of central banks, not just a small percentage, something like 1/3 in the world....America must come down, trump is so obviously right.....The JP morgan chief economist yesterday said we must drop an entire point between now and the election, and this still probably won't stop a recession...
but a point puts gold up to all time highs maybe who really knows
it's crazy, like here:
insert-text-here
to put it mildly, I am not a fan of the mystic of people from other countries being smarter or better than american citizens, in fact, the data is exactly the opposite, but this guy I have followed for many years, and wish I had simply bet with him years ago. and i have followed him in biotech too, where he is fantastic
and what he is saying, and I think the interview is 2 days old now, what chen lin who is very down to earth and strong, is saying, is that when gold breaks 1500, which it has done, you take a position.
I agree big time...we can flirt with 1484 but gold stocks move ahead...i think now is a good entry my 1c worth ps: i think chen is american, not that this matters at all for investing purposes.
Charlin Chan was terrific detective!
anything in the 36 range is excellent for many reasons....it is just a lousy dollary range. https://www.kitco.com/news/video/show/Kitco-NEWS/2540/2019-09-12/Golds-next-uber-rally-is-near-needs-to-hold-$1450--Chen-Lin#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS
right now is a terrific bet in any of these etfs: gdxj, sil or silj...
risk reward is good and I am in......greed is the one thing that is the stock speculators enemy, worse than fear and now the greed idea is getting it cheaper.
wrong
the only way one can be wrong is if we are not in a gold precious metals bull market.
but that is not the bet
Thank u so much. I'm really interested in taking a position in silver. I've never owned any metal stocks or etf's which to me is the only way to go. and have yet to pull the trigger. Word on the streets is silver is going higher. Again I respect your opinions on investing. And have taken a beating. Need to get some of this money back.
been buying this a.m. willie...fwiw
Hi Willie, here is what we know as best we can in any speculation:
Today gold is up around 11 bucks, but the proxy for gold stocks, GDXJ, has barely budged, up a lousy cents as I type. GDXJ is comprised of mid tier producers and developmental companies above the pure explorer levels.
If this were a good time to buy, you would see GDXJ up at least 50 cents.
For instance, 2 months ago there were days when GDXJ was up at least 50 cents on such a big gold move, but not today, so we are in a retracement here.
I am looking to take a sizeable position the next step down. REmember however, or so they say, in bull markets the pullbacks are sharp but brief, so perhaps it is best to simply put up some GTC orders. I am gonna take my odnw advice and just throw stuff out there closer to 37.
If the wave comes down it will grab me. I don't think a 4 month wave higher, breaking out of the 3 yr trading range, retraces fully in just a week, but who knows...Sentiment in this sector is still wildly bullish and long, never a good time to buy.
The next step down will really hit people in the chops, so that is good time..
If it happens, it happens. I always lose when I chase.
on this, GDX, SILJ and SIL....throw them out there and play golf.
The core assumption here is we are in a gold bull market, an assumption that has been proven false for the past 7 yrs of this Precious Metals bear market.
ps: I see Citi just said in 2 years gold will be at 2000, which is a triple in gdxj and a 2.5 in gdx from today's price.
who knows...........
history in every bull or bear pm market says silver will wildlly outperform gold no exceptions. This means sil and silj will outperform even gdxj
I would be interested in knowing when u feel it's the right time to buy. I feel this is the right pathway
I'm waiting also
maybe today was bounce day and it is fading....the financial industry has an expression for every topic, in fact a hundred, and yet, those suckers cannot outperform the S and P. It is true, proven by the results.
I have not bought back into what I sold yet, no gdx gdxj sil or silj...
there are times when a pro needs strict discipline. I have had this before and seen the stock run away from me, quite a bit actually, but then there are the other results.
Hoping we get some sort of mini correction next week. Me and everybody else watching the gold market.....
very uncomfortable but gotta have disicpline to make the big bucks.
I would caution anybody NOT to go heavy in gold or the miners right now. Gold is all over the Pop media, like Yahoo Finance, article after article. Also, it is showing historic extreme overbought. The last 11 times this overbought in the past 25 years has resulted in sizeable corrections, approaching 23 percent. Not saying it will be this bad but now is not a good time to buy. Just play the odds. Entry price as buffett says is everything in any investment.
Last post today, promise: if you follow the work of Adam Hamilton, at Zeal, LLC, which I have on and off for almost 20 years, he has shown very clearly what happens at the early stages of a genuine PM gold bull market, which is marked, or was marked with the one that went from 2002 to 2011 when it peaked.
He documents, endlesslly in fact, that the bull in the miners is marked by a series of huge runs higher, and then significant retracements.
In fact, in the last one, I think that Bull had perhaps 8 to 10 such huge moves, lasting anywhere from 3 months to about a year. Anyway, the early ones were the most powerful, with the the gains in the funds, gdx and gdxj, which he uses as proxys, being up there around 150 percent, before the retracement.
of Course, as that bull aged over time, the moves were even higher in actual or nominal terms, but the percentage moves, were less and increasingly less.
This pattern is only logical, as when a bull market errupts, it tends to be very very powerful in raw percentage terms. What this means is that this move in Silver stocks, is fairly early in this first breakout move, perhaps now being up only around 25 to 35 percent, depending on where you consider the base was.
I have sizeable sums split equally between this etf and the junior one, SILJ, slightly more there actually. I wonderful if you could gain small amounts after costs by selling the one that might be up the most on any given day, and redeplooying into the other one, sort of like seesawing it, in order to enhance gains. Over time it might add up a ton.
Trump is an inflationist without any question, and the DEMS are crazies financially, so this is a perfect environment for Gold and silver.
Trump knows America and its young peeps are so screw by debt, which he himself, in his own businesses, abhors. How are young adults even gonna get out from under their college loans? He knows full well the only way to do this is to inflate away these debts, by deflating the currency. A hundred grand school debt is not that big of a deal if everybody is making 90 grand a year. YOU gotta do this, by lowering the value of the dollar....This is pretty basic. He also thinks a 2 percent inflation rate which is the FEDs idea is completely ridiculous. He does not look at things like government flunkies and career politicans on the public dole, people who could not get a job in private industry unless they were mowing lawns for a living. ON the other hand, which is even better, the democrats these days even call themselves socialists, and stats show perhaps half of all people who say they are democrats, confess to being socialists. So this is also very positive for gold and silver. They will destroy America as they have done our cities for 50 years, if they can only win the presiential election, as socialists destroyed the soviet union, the national socialists of Hitler's german party, of china which is a disaster ponzi scheme, of cuba, of venezuala, of argentina when the LEFT takes over.....so this is very postiive for gold and silver. If the DEM were to win the presidency, gold would go up 400 bucks the day after the election, as everybody flees the socialist's capabilities....
My point is, and the takeaway here is, that politically, EITHER WAY IS A GREAT ENVIRONMENT FOR GOLD AND SILVER, although I think longer term you are better off in a strongly inflationary environment.
U.S. Budget Gap Set to Top $1 Trillion in 2020, Two Years Sooner Than Expected
By Katia Dmitrieva
August 21, 2019, 11:00 AM EDT Updated on August 21, 2019, 12:44 PM EDT
Trump to preside over $1 trillion of red ink in election year
CBO calls fiscal outlook ‘challenging,’ debt unsustainable
Finally, silver stands basically at 30 year lows in comparison to the price of gold. This must change, and I truly doubt gold is going down. I can see POG at year end at 1630, so with a contracting ratio this might be silver at 20 bucks, and SILJ and SIL up perhaps 50 pecent from today's price no problem.
Now imagine silver the metal at even 30 bucks. Another double in these etfs easily, or higher.
So much is lining up for silver. Trump wants rates dropped an entire point and just said so on twitter, and he has been hammering Jay Powell for six months now, and he will fire Powell if powell screws this up, and Powell knows this.
The last rate cut, the first of this cycle 3 months ago, Trump tweeted, "Powell screwed us again," something like that on his twitter feed beccause the cute was only .25
Second, western governments, and also asian governments are flat out broke as the brokest broke man. They must debase their currencies or there will be mass poverty and revolutions, at some point in the next 3 or 4 years. EVerybody is now debasing, lowering their rates;
Third, the governments have become welfare states, and they have printed perhaps 25X as much fiat in this century, the last generation, as there is gold and silver, which stand at all time lows, relative to fiat. The precious metals are woefully behind, being up merely 4.5 times in the same period.
This ETF will do tremendous, and the junior one, silJ, will do even more tremendous. There is precedent for this. During the last bull run GDX went up like 4x, but gdxj went up about 6X.....
When people make 10 or 15X their money, it all begins with an idea. My middle son, who is a software programer now, very successful, bought a bitcoin many years ago, when he was a a freshman in college. I forget what he paid, like 36 bucks, something like that. He is tight with a buck, always has been, lol
THINK BITCOIN....these are conservative predictions. Silver ETFS will be acting like bitcoin for several years, AFTER SILVER ITSELF IS UP MANY TIMES FROM ITS CURRENT PRICE OF 17.
When gold breaks 2000 in 2 years from now, silver will be around 45 bucks. The mob will see that gold seems too expensive and they will have flocked to silver. People will be saying, why is silver lagging because gold is at an all time high?
When gold tops out during this bull run at 2600 in 4 years from now, Silver will be $75 u.s., and people will be talking triple digits. And then silver will collapse back to around 20 bucks over the next 6 years.
This silver etf SIL, now 29 will be 180, and SILJ, now 10 will be 75.
can you wait 4 years from now? We are at the beginning. Remember, just like every other bull market in history, in 1934, 1978, and the past decade of this century, when gold starts getting "too expensive," people will always shift to silver for a perceived better value.
Hey Pro-life- ¡¡¡Que Dios le bendiga!!?
Unfinished Business
Theodore Butler | February 1, 2018 - 11:23am
http://silverseek.com/commentary/unfinished-business-17082
Ahhh... LOL... ooooops... possible but just another buying opportunity in my view... those days are nearly history.
You do know I was talking about spot. $16.01 today.
Do we see 15's again?
Basing... ready for the monster mash!!! Collecting mode!!!
What is up with the silver miners?
Silver Flash Smash was a 'Glitch'- SKG Comment LMAO!!!
by Vince Lanci. Jul 7, 2017 8:57 AM
http://www.zerohedge.com/news/2017-07-07/silver-flash-smash-was-glitch-skg-comment
Broke support...
Have we marked a triple bottom here???
Still in go mode... waiting for beast mode.
This sector is in go mode...
Metals & Mining Analysts' Ratings & Estimates - Juniors
Monday February 20, 2017 10:35
http://www.kitco.com/commentaries/2017-02-20/Metals-Mining-Analysts-Ratings-Estimates-Juniors.html
Price is under the daily MA200... must be buy time???
The Ice-Nine Lockdown
BY JAMES RICKARDS POSTED JANUARY 23, 2017
https://dailyreckoning.com/ice-nine-lockdown/
Nice pull back to hit this week or next
IT’S OVER. Jim Sinclair (markets completely explained, LISTEN)
Posted on December 4, 2016 by The Doc
http://www.silverdoctors.com/gold/gold-news/its-over-we-killed-capitalism-jim-sinclair/
Deutsche Bank Provides "Smoking Gun" Proof Of Massive Rigging And Fraud In The Silver Market
by Tyler Durden Dec 8, 2016 3:03 PM
http://www.zerohedge.com/news/2016-12-08/deutsche-bank-provides-smoking-gun-proof-massive-rigging-and-fraud-silver-market
It will be what would happen to election first, then Dec. rate hike.
Here is my plan...
1) if Hilary wins, I wait till Dec. rate hike, and buy sometime End of Dec. or beginning of Jan.
2) if trump wins, buy right away on Wednesday.
I have own already, 50% of my investment just in case whatever happens. I am just adding more for those time.
Metals coming into high season... looking for upward pressure.
Followers
|
16
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
204
|
Created
|
04/20/11
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |