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Yup today's gonna be ugly
Amen brother the miners are last to the dance but they do historically outperform the metal in the long run. If one doesn't like sloppy seconds than they may wanna wait and try to time the market ;)
I will take what I can get from the prom queen and as much as I can get.
Nothing has happened. Like a a bunch of runners at the starting block waiting for a gun that won't go off.
If nobody runs there is no race. No race = no profits. The term scam implies someone is getting rich but not here friend. If there was pump to sell into trust me you'd see profits being taken.
More like asleep at the wheel IMO
The new one started last night didn't it? Anyway I hope humanity can come together in the time of crises. Americans are the most generous when we're spending other people's money and the cost of capital is cheap.
I hope this is still the case once funny money tap gets turned off.
I get what your saying Early and I certainly don't have any arguments there per say. But I don't believe preparation is that easy considering what is looming over the global economy today. Rations storage supplies etc they are a must regardless of the crises but most folks won't even understand why the monetary system has to change and why there "savings" is gone.
Should the worst case scenario unfold (I hope it doesn't) the folks on this board for the most part will be the minority. The majority will be looking to take from those that have "prepared" just to survive. Do you watch the Walking Dead? The zombies are sometimes the least of their worries
Supplies are the easy part it's the head game where many will fall short IMO
With 28k American troops smack dab in the middle of this thing.
Maybe you should stop soliciting advice from message boards
Historically miners are the last to show up to the golden dance. However they do end up outshining the rest and going home with the the prom queen. The equity markets still have some damage to do IMO so your hedge may not be a bad play although I personally wouldn't be holding shares.
Just my opinion trade well
The Chinese and developing economies are forcing a global monetary system reset. Hyper-inflate the entire western economy and continue to develop improve and innovate the manufacturing base in the east. The Asians have a lot of forex to burn through but I suspect once all currencies hit rock bottom the golden river card will be shown.
An Asian currency board backed by a basket of commodities and PM's could also bring balance to the their trade and labor markets.
Just some thoughts 12thman hope your trades are treating you well
The global markets will likely go bats*** crazy
In important gold-consuming nations such as China, India, Indonesia, and Vietnam, as well as other EMs, consumers may have fewer tools at their disposal with which to protect savings and household wealth against rising prices or low or negative real interest rates.
These are nations of savers who's government's don't tax them for transacting in and out of gold.
The price of gold must not have gotten the memo Congo. Nonetheless I didn't expect this to be easy as building real wealth never is. Come up with a hair brained idea to convert Catholic Hedgehogs into Atheist's and one will be swimming in cheap Investment Capital
Try to pull some gold out of the ground and folks think your the spawn of satan riding the short bus to hell. Trying times indeed
BAA
Some also claim there's no demand for gold bullion. It's just noise nothing more. BAA
Yes you chase USD's and you are probably pretty good at it. But most of the folks here are trying to hedge against the USD by increasing their interest in this mining position. Some folks might be stuck in a retirement vehicle and this is how they choose to make the best out of bad pre-tax situation IMO.
But trying to convince those same folks that more USD's is the financial objective here means your not paying attention to what they are saying. One can trade the leveraged mining etf's for triple the profits were seeing here. I see a few guys in those vehicles from this board maybe that's the venue you can obtain the badge of honor you seem to be looking for
GLTY
Your assuming the financial media even understands gold or has been given their opinion by their handlers. To your point guidance is piss poor and nothing is what it seems.
Let's take one of the tards on Squawk and ask em how many premium suits, gallons of gas or loaves of bread gold buys today vs 1000 years ago. Then ask them about the purchasing power of the dollar and well that gem has help up over the last hundred years.
They are aces when it comes to muddying the financial waters but simple questions like this they won't answer
Nice post
BAA
Dunno eik management needs to put something on the board, pump the stock whatever but they should do something. MOU does not hold up in court and is par for the course in the pinks. Then there's that....grrrrrrr
What gives? Nobody's getting rich here including management. Thoughts?
Did we lose the patient again?
Yup
The Bullion Banks tell a different story aka misdirection
Goldman Sachs And HSBC Buy 7.1 Tons Of Physical Gold
•On August 6, 2015, Goldman Sachs, which has issued very bearish forecasts on long-term gold prices, took delivery of a 3.2-ton purchase of physical gold.
•On August 6, 2015, HSBC which also claims to be bearish, took delivery of a 3.9-ton purchase of physical gold.
•In both cases, the purchases are registered as being for the benefit of the bank's own house account, rather than the accounts of customers.
•Investors should do as the banks do, not as they say.
http://seekingalpha.com/article/3421396-the-big-long-goldman-sachs-and-hsbc-buy-7_1-tons-of-physical-gold
Chase those USD's and maybe the Fed will throw in an extra set of steak knives for having the most funny money around
Gold/Silver Bullion, Ammo, Copenhagen, Whiskey, Ammo, Copenhagen, Whiskey and more Whiskey. Acknowledging that everyone's list might be a little different.
Your right once the Yield Purchasing Power of the USD finally hits zero these items are going to get very expensive for those transacting in U.S. Funny money
We truly do live in the Twilight Zone but I haven't laughed that hard in a while. Thanks for posting
Of course not because then where would Obama go to church and seek spiritual advice?
Because picking a winner and making money is harder to do than picking a loser and losing money. Proper Technical Analysis has a 53% statistical success rate right out of the gates but it's the experienced trader that is able to push those odds up in their favor. So long as the trader is in the right stock to begin with. Fundamentals typically make up the difference which is why it's better to use both. But the person that thinks TA is easy is the person I would not be listening to
Why would someone want to give away a skill they have crafted and perfected? Not everyone needs a lawyer until they need one and why would they expect to get that legal advice for free?
If this were all that easy we'd all be billionaires
Pick the right jr mining positions and you will have the trifecta should this perfect storm hit our economy
I remember been buying for almost a year now
Like clockwork
But does it matter? In Biblical times an oz of gold could purchase 250 loafs of bread. Today that same oz purchases at least that amount. So does gold's broken price mechanism really matter unless your long USD? Meaning there's absolutely no hedge to the "Petrodollar" here more importantly there's more counter party risk on this stinky turd than most others. Is it possible to sell shares of GLD and get gold? NOPE
What I'm saying is there's better places to collect USD's if that's the goal because there's no exposure to gold bullion here whatsoever.
China has to have a seat at the gold table because of the size of their economy. Once they get what they need to meet GDP and trade requirements our global monetary system will change. Funny money of sorts will be the local currencies for transaction and a gold based product likely the SDR will be used for trade.
Regional currency boards pegged to a basket of commodities could be a solution as well. Either way the Asians have to be on board and fully capitalized with gold bullion otherwise none of this works....Then it's WWIII
Not if the buyer groups are Asian and the delivery was transacted out of the back end of GLD.
Good update thanks for sharing
Lol
Then we should see something more definitive about this mining company by Aug 15
Agreed Eik Americans are way too "PC" and frankly full of it IMO when it comes to any sort of market development. I was rather shocked to see the push back on the MJ vending industry in certain states. "You can smoke just don't smoke too much". Yea it's better we crash the muni bond market by starving it of any new capital whatsoever
I don't know anything about a jr mining company being listed in the U.S.. Sounds like every other pump job but whatever gets the stock to run works for me
Yup
That was apparent when the Senate gave away its treaty authority. John Stewart may have reported on it but I wouldn't expect many Americans to have a clue what it really means.
But I have no doubt they will all find out soon enough
In saw the blind squirrel at the local bullion exchange just yesterday.
And it would have continued its escalation into the stratosphere had interest rates not spiked and killed the run. Folks don't seem to understand that gold is a store of value not a modern day investment.
It's also better known as the official monetary accounting measure. If it spikes it's because there's damn good reason but this time around the Fed doesn't have a rate hike to lean on.
Not with each half tick increase costing the U.S. a half trillion dollars
And 5000 years of monetary history
The Fed is gonna turn the bots on "auto" lock the doors and shut off the lights. Probably lay low on some posh unknown beach laughing their asses off as they watch westerners trade worthless paper assets against the machines.
You gotta admit it makes a great story
More like weakness in its pricing mechanism. The premiums over spot in both gold and silver have alerted even the blind squirrel to stock some bullion at the nut hut. BAA
Maybe this will help:
GLD Continues To Be Looted While The Public Loads Up With Physical
http://investmentresearchdynamics.com/gld-continues-to-be-looted-while-the-public-loads-up-with-physical/