Gold and silver prices are down

S&P hit a new high today, wiping out all the COVID losses.

Can anyone explain how/why investors believe there are no longterm consequences or issues with COVID/layoffs/elections? How our economy has created this valuation with so many small businesses failing? With so many small and large retailers failing?

It does appear that a lot of the stimulus money has kept some small businesses alive. And the individual stimulus payments seemed to make their way to big retailers, especially online retailers.

But that's all gone now. What's next?

FYI I shorted the S&P this morning. It's all just to insane for me to believe.
 
Varmint said:
Eventually the stopped CNBC clock will be right. "Gold at $6000, the rally is over!"
Click to expand...

Maybe in the distant future but not likely in the near future. It will take a full collapse of our economic system and US dollar to reach those lofty levels. A complete panic.
 
richc said:
S&P hit a new high today, wiping out all the COVID losses.

Can anyone explain how/why investors believe there are no longterm consequences or issues with COVID/layoffs/elections? How our economy has created this valuation with so many small businesses failing? With so many small and large retailers failing?

It does appear that a lot of the stimulus money has kept some small businesses alive. And the individual stimulus payments seemed to make their way to big retailers, especially online retailers.

But that's all gone now. What's next?

FYI I shorted the S&P this morning. It's all just to insane for me to believe.
Click to expand...

Don't think investors care about the economy, or else bad news is good news => more printing.
 
Anyone have experience with Aydin Coins on eBay?

I usually only deal with apmex but the cost difference between the two are significant when you look at the quantities you're going to buy. Maybe not worth it to switch to an unknown seller. However, maybe they aren't that unknown... Hence the reason for my question.

www.ebay.com

Lot of 5 - 2022 American Eagle Coins 1 oz .999 Fine Silver BU - In Stock | eBay

Somalian Gold Elephant Series. We will always do our best to accommodate you. US Mint High Relief Gold Coins ( 2009 and 2015 ). Australian Gold Coins. Buy Palladium. Palladium Bars. Chinese Gold Coins.
www.ebay.com

Screenshot_20200819-153513.png
 
Can anyone explain how/why investors believe there are no longterm consequences or issues with COVID/layoffs/elections? How our economy has created this valuation with so many small businesses failing? With so many small and large retailers failing?
Click to expand...
Forget that classic B-school thinking. It's wrong.

The market is a bookie operation where decisions are often made based on the investor guessing what other investors will guess yet other investors will guess others will do ......

This is a far cry from "market evaluation of the NPV of all future cash flows from the firm to the shareholders".
 
Rob Boudrie said:
Forget that classic B-school thinking. It's wrong.

The market is a bookie operation where decisions are often made based on the investor guessing what other investors will guess yet other investors will guess others will do ......

This is a far cry from "market evaluation of the NPV of all future cash flows from the firm to the shareholders".
Click to expand...

Market is about fundamentals like gun control is about stopping crime. It is sometimes cited as an excuse to just do what you want.
 
Varmint said:
My Revival Gold and USAS bids got triggered. But I think this buying opportunity in miners will get better. I have a lot of buy orders set up.
Click to expand...
I was thinking you’d get in when I saw it hanging around $.76. Nice job. I bought too high so let’s hope their drill results are stunning. Erfle got in at $.90.
 
djbradles said:
I was thinking you’d get in when I saw it hanging around $.76. Nice job. I bought too high so let’s hope their drill results are stunning. Erfle got in at $.90.
Click to expand...

Yeah only partially filled at 0.75, too busy to adjust the orders. Been crazy busy with work. With junior individual miners you never know when they might bottom and take off. They all correct on their own schedules lol.
 
Varmint said:
Yeah only partially filled at 0.75, too busy to adjust the orders. Been crazy busy with work. With junior individual miners you never know when they might bottom and take off. They all correct on their own schedules lol.
Click to expand...
Yup. For example I’ve been watching Canasil gain 20% one day, drop 20% the next day, then gain back another 20%. Crazy volatility but I like it and I’m not moving in and out as much as I was back in June.
 

Similar threads

Homemade buns and rolls
Replies
1
Views
293
grey
grey
Calcium Hypocholite - local and cheap water sanitizer!
Replies
6
Views
404
240Geezer
2
Gold Question from Newbie
Replies
23
Views
1K
Varmint
Varmint
FREE….seed starting and basic garden planning & questions seminar. 4/6/24 Hardwick MA
Replies
7
Views
280
mousegunguy
mousegunguy
Problem with my ExPed DownMat 7...
Replies
9
Views
512
Andy in NH
Andy in NH
Back
Top Bottom