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goforthebet

06/12/16 5:16 AM

#862 RE: 123tom #860

Hi Tom, gm,

weel I guess the big question is: how low will be manipulated this time??

thanks for your chart and comments, always appreciated :)
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Tommy Two Times

06/12/16 11:08 AM

#864 RE: 123tom #860

First of all It seems like you are afraid of buying more before the miners correct. You are placing all your analysis on charts. Charts have been very useful in the past. However, in this case I'm not looking at charts. First question you need to ask yourself is, how high will gold and silver be at the end of the year? Second question to ask yourself, where will gold and silver be after Great Britain leaves the EU? And what countries will follow? Next question, what will gold and silver do after the next horrible jobs report and GDP report? Then ask yourself will the fed lower rates back to zero to prevent a market crash before the election to try and get Hillary elected? If you believe as I do that gold will close above $1500 and silver above $22 by the end of the year then figure out what AG will be selling at. I actually think gold will break $1600 and silver near $30 but I want to be conservative. Last quarter they sold silver at $15.08 an ounce. What will their earnings per share be with $22 silver and $1500 gold? If you are concerned about a correction in the miners just buy the physical metal. These miners are not going to have a big correction. I don't care what a chart tells me. Too much buying around the world. Now Europeans are buying because of the Brexit. I myself am not looking at the short term. I am looking at what my investments in the metals will be at the end of the year and then re-evaluate and see what I want to do.
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Tommy Two Times

06/13/16 9:53 AM

#868 RE: 123tom #860

A little more food for thought about what we were talking about. http://silverseek.com/commentary/why-samsung-not-buying-silver-redux-15645 and http://www.shtfplan.com/headline-news/mining-company-to-withhold-gold-sales-storing-it-and-holding-for-the-long-term-it-makes-more-sense-at-these-prices_06122016

The first article is about Samsung buying silver straight from a miner. The second is a young gold mining company who is going to hold back 20% of its production and wait for higher prices. Keith has spoke about both of these scenarios before.