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A decade of bilateral trade agreements denominated in currencies outside the $USD changes things. Western financial media won't report them but they are real. WSJ puts a blurb out every now and then but nothing substantial to wake the sheep
That's why it's called "leveraged gold"
Accept gold is and has been the official accounting measure for 3000+ years and historically every currency to date has died setting up a statistical fact today's currencies will all likely end the same way.
Your gonna rolled if you stay in this leveraged security longer term. That's a mathematical fact and when the next leg up in gold begins it will FUNDAMENTALLY be clear who's on the wrong side of the trade.
Good luck
I believe its typically a 4 month hold from the transaction date. Someone else may want to chime in though.
FFMGF
Yup I agree been here since January
It's not it's the timing of your entry that is poor. If you bought your shares last month your position would be green. She will move once she's ready for the next leg up until then she will trade sideway as she has been
FFMGF
The Gold Goblin attends the motivational speaking lectures put on by the Silver Slayer. That and a weekly shot of heroin keeps the losses manageable and the BS meter redlined
SLV
http://www.celebritynetworth.com/richest-businessmen/business-executives/tony-beets-net-worth/
"His ultimate dream would be to have two highly producing mines running simultaneously."
For the Gold Rush peeps that don't move dirt
FFMGF
"Intraday reversal is very bearish near term." Genius as it seems to be a daily/ afternoon occurrence on this ticker. SLV
Nice bump overnight in PMs with a cup n handle on the silver hourly chart. DUSTers are still scratching their heads and waiting for their "correction" in PMs and mining stocks.
It's amazing thst these optics can produce such a dichotomy in the market. It's like they say it's a zero sum game and the paper chasers are going to rolled
Silver Slayer needs to find a new occupation
Nice find Luke thanks for sharing
FFMGF
Gold doesn't go up or down rather the currency it's priced in has gotten stronger or weaker.
There is your reason
Thanks for sharing
New NIA Stock Suggestion
NIA’s Great Panther Silver (GPL) just hit a new 52-week high of $1.92 today up 448.6% since we announced it as our #1 stock suggestion for 2016 in August 2015 at $0.35 per share!
NIA is pleased to announce its new stock suggestion First Mining Finance (TSXV: FF), currently $0.66 per share. NIA considers it to be the #1 opportunity to take advantage of the extremely undervalued gold/silver explorers on the TSX Venture Exchange, which we pointed out this morning could soon rise by 800%-900%.
After only our GPL, the #2 largest gaining gold/silver producer this year is First Majestic Silver (AG) and the CEO of AG is also the Chairman of FF! In recent months, he has been using FF to acquire more extremely undervalued TSX Venture gold/silver explorers than any other company. By acquiring these small-cap explorers and combining them into FF, he will be able to unlock tremendous shareholder value in a stock that trades with a lot of liquidity. We expect FF to breakout above $1 in the weeks ahead!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has been compensated by FF $40,000 cash for a two-month investor relations contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.
http://inflation.us/new-nia-stock-suggestion-first-mining-finance-tsxv-ff/
The premium on eagles over rounds 1oz was about 7% this morning. APMEX but didn't check anyplace else
Eagles ~$22
That's a nice tip especially at that price. I'm not sure I'd be holding my breath for one of his new fancy electric budget cars but I could be wrong.
That's a lot of cars to roll out in very short order imo.
I can appreciate that and I do believe your TA brings value to the board. Many thanks!
FFMGF
Lol
Agreed folks that have found their way here should feel good about any position. Im sure almost everyone wishes they had more shares including myself but even a few will go a long way down the road
Anyone buying any phyzz? I'm curious what the premiums are going for now that the Chinese have some influence over the spot price.
I read somewhere that TA is correct 53% of the time while fundamentals make up the other 47%. I guess those stats could be argued in the aggregate but re FFMGF I think she has both dogs barking in her favor.
I don't believe charts "have to do anything" per say only because if they did we'd all be billionaires. I enjoy your posts and thank you sir for your contributions to the board
GLTUA
I like the way Trump put it " he's the only Presidential Candidate in American history that chooses a VP running mate after he's mathematically eliminated from the race"
Cruz is having a bad week
He sure has a way of executing what he campaigned against. Lying Ted probably had enough of the nicknames and said "damn the American people"
Very nice indeed Bert thanks for sharing
Yes it is Bert and considering JPM now owns almost a billion oz of the metal I'd say the supply/demand fundamentals are starting to price in.
The overnight dips are being bought by the Chinese imo. Meanwhile Americans chase $USD
April 19th ...they lit the first candle
Many of us have waited for today, April 19, as we anticipated the new Chinese daily gold fix and the opening of the ABX physical exchange. Some may be disappointed, other ecstatic. I will say I am personally pleased because it was almost exactly as I suspected.
Much has happened over the last couple of weeks and a lot of it has to do with "truth" being exposed. The "markets" are no different. China in my opinion is simply trying to aid in markets determining prices of gold and silver.
Last Friday we got horrifying (from a contrarian standpoint) COT numbers with nearly record numbers for commercial shorts. With history as any guide, gold and silver should have already been slaughtered, they have not been. In fact, we now have silver and gold at nearly one year highs and mining equities exploding. Yesterday saw a dozen or more juniors up 25%++ for the day!
As I have maintained, I believe today's action will become more frequent with the Shanghai physical demand pushing prices higher. I believe they lit the first candle of truth today, other candles will follow until the light switch gets flipped on. COMEX/LBMA will either go along in price or they will be arbitraged completely out of inventory. As I wrote several weeks back, "what good is a contract that cannot perform"? It is very possible China will let this "stew" for a while and allow the markets time to adjust to real and free pricing ...only then do I see China coming out with a gold backed yuan. If they were to do that today, it would be a declaration of war on the U.S. hegemon, if they wait, they can have cover and say "hey, it was global free markets that pushed gold out of sight".
As mentioned above, commercials are very short gold and silver now, they have lost $billions just today. Maybe they continue to throw paper at gold and silver, Shanghai ain't buyin' it! No matter what the apologists say, COMEX can and will default when they can no longer deliver metal. They say "cash settlement" is not a default ...who are they kidding? This is the rally you never sell ...until you are offered a different "paper" (one that is backed by something, anything) that can be trusted. China may be making this offer in the near future!
Standing watch,
Bill Holter
Holter-Sinclair collaboration
http://news.goldseek.com/GoldSeek/1461093642.php
Silver is shining
Check out the DUST board Bert folks are spinning themselves crazy trying to figure out the the current monetary landscape. Gold and silver are now trading differently some see it:
others they go to DUST for answers.
That's hilarious Bert I didn't know there was a movie?
Don't know about all that as I can't speak for others. But using one's power to leverage personal gain means your not doing it for him. Trade well my friend.
BAA
Nice morning for metals
Yes they have
Don't need to go to China and yes what I am saying is very believable if one knows how to do research and understands their history. Don't take my word for it I don't care what happens to the price of this security.
It's a zero sum game
Google image "USD yield purchasing power" look for the inverted graphs and with some simple math one can see what is happening to their currency.
History tells the story and that is every currency to date over thousands of years has died. Fact
Long and short on a futures contract as well
China says "No Dollars" for new Yuan!
http://news-uncensored-fresh.blogspot.be/2016/04/china-syas-no-dollars-for-new-yuan.html
"China has reportedly decided "there can be no conversion of gold-backed Yuan to or from US dollars." What China fears is that many countries around the world will want to trade their reserve US dollars for the new Yuan, leaving China with mountains of worthless US dollars. China already has several trillion in US dollar reserves and does not want or need more."
This will put significant pressure on the $USD but it will not crash overnight. With the abundance of pretax vehicles available to the US government these dollars will be absorbed giving the gold backed yuan the time necessary to be properly internationalized.
99% of Americans don't know anything about this and therefore it will be like taking candy from a baby.
Yes SDRs will reign supreme as all currencies fall to zero. Folks don't understand that all currencies die with a 100% certainty and statistical fact. They also don't understand gold and its historical significance as well its anemic market today.
Western traders trade against algos and bots while pretax vehicles absorb worthless GLD and SLV shares. Brokerage accounts chase the rips only to be cashed into dollars to pay off overpriced real estate while the balance is accumulated in zero coupon treasuries aka money market accounts. (Woo hoo were rich)
Meanwhile society sits on flat yield curve waiting for their free wi-fi and college tuition. Folks don't know there own history beyond 100 years as that has been scrubbed from the curriculum along with gold in B-School ~1975
Its the perfect redistribution plan
The timing is interesting given Sprott's latest offering in PSLV
I agree