Also, thanks for the morning gold info links. The physical situation is obviously not new, but is likely now new information for a slowly growing number of people. If I recall, having lived through the Nixon to Carter administrations involved with precious metals, once it became legal to own gold interest picked up, but it was not until it started to appear that silver was in such short supply (i.e. height of the Hunt brothers cornering the market, plus the recent cessation of its use in US coinage and very visible end to seeing any in circulation around that time) that the public attitude became one of "if one wants some one needs to act" before its price spiraled even higher. And it was then that the bubble part of the price escalation came into force, as the general public got involved.
Whether we are looking at the potential for a similar event, but this time with gold leading the way, is to be seen. If so, or perhaps better said when, and a similar event happens the increase will be amazingly fast, if it is similar, fast and dramatic. Back then gold rose from the time it became legal, fairly steadily, but once silver took off (combined with the increasing interest rates reaching never seen highs helping people see the value of the dollar shrink), gold tagged along (to a then new all time high). Bottom line for sharing this, once it appeared that there was a shortage and that the price was only going to go up, and the belief was that the dollar was only going down in value, it was then that people who otherwise would never have been aware of the precious metals market "had to" get in, and they did, however large or small their position. That final few months, the height of the bubble, was an eye-opener, into which I was a seller.
Recent ECC News
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/29/2024 12:58:17 PM
- Form POS EX - Post-effective amendment adding exhibits to registration statement [Rule 462(d)] • Edgar (US Regulatory) • 02/22/2024 10:23:14 PM
- Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2023 Financial Results • Business Wire • 02/22/2024 01:00:00 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 02/22/2024 11:02:25 AM
- Eagle Point Credit Company Inc. Announces Second Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions • Business Wire • 02/13/2024 09:35:00 PM
- Eagle Point Credit Company Inc. Schedules Release of Fourth Quarter 2023 and Year-end 2023 Financial Results on Thursday, February 22, 2024 • Business Wire • 02/08/2024 09:15:00 PM
- Form 8-A12B - Registration of securities [Section 12(b)] • Edgar (US Regulatory) • 01/24/2024 09:19:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 10:13:38 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 01/23/2024 10:07:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 10:29:52 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 01/12/2024 09:46:00 PM
- Eagle Point Credit Company Inc. Prices Offering of Preferred Stock • Business Wire • 01/11/2024 11:22:00 PM
- Form 497AD - Filing by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)] • Edgar (US Regulatory) • 01/11/2024 10:26:46 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 01/11/2024 01:43:42 PM
- Eagle Point Credit Company Inc. Announces Offering of Preferred Stock • Business Wire • 01/11/2024 01:40:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 01/08/2024 10:20:43 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 12/22/2023 09:35:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 10:30:21 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 11/28/2023 10:13:31 PM
- Eagle Point Credit Company Inc. Announces Third Quarter 2023 Financial Results • Business Wire • 11/14/2023 01:00:00 PM
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ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
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Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM