Ouchy
Payroll and lower jobless claims hurting my gold.
Payroll and lower jobless claims hurting my gold.
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Gold and silver prices are down
- Thread starter Rider
- Start date
Win
NES Member
It won't hurt you if you don't sell. I still view all of this as a gift. I don't question where PMs are going or where the dollar is going. That traders are unsure or unsure in the near term is gift to those of us investing for the long term. I'm not even certain at what price I would stop buying gold or if I would even stop buying at any price? I suppose that I wouldn't if we continue the same fiscal and monetary policies we currently have in place.
Varmint
NES Member
Oops! Look out below Mr. usd! If China makes a similar move were f*****. Gold is looking shinier.
KEY POINTS
Russia says it will remove dollar assets from its wealth fund
Russia is cutting the U.S. dollar from its $186 billion National Wealth Fund as Washington continues to impose sanctions on Moscow.www.cnbc.com
- Russia will completely remove U.S. dollar assets from its National Wealth Fund (NWF), while increasing the share of the euro, Chinese yuan and gold.
- Russia on Wednesday said it plans to spend up to 400 billion roubles annually from the NWF in a bid to boost state investment in infrastructure projects and finance its development strategy.
Just more bonds for the Fed to eat. Hope they don't get indigestion.
Lab Gold posted results this morning. Not bad!
Varmint
NES Member
I think the PM market was just looking for a reason to sell off. We need to go retest $1850 before having a go at $1950.
Varmint
NES Member
20.6 g/t Au over 3.6 metres including 103.36 g/t over 0.3 metres and Hole K-21-14 intersected 10.48 g/t Au over 2.4 metres.
That's good, getting closer to finding the deposit. Doesn't justify the price though, gonna need more than that, so we might sell off especially if miners sell off.
Pretty awesome to get visible gold on all drill holes in their maiden program. I gotta say the science and technology is really helping the miners these days.
Varmint
NES Member
Like it did in the oil industry. Fracking changed the world.
Not a gold coin.....but does gold jewelry count? In 2004 when I was on r and r for 3 days in Kuwait (came down on a long convoy from mosul iraq....we did convoy security for civilian contract truckers) I got a gold bracelet for my wife. 23.5 carat gold and a beautiful thing to look at she gets compliments every time she wears it. It was from a Kuwaiti jewelry maker. Weight is just a smidgen under an ounce on the scale. Cost me $410 and I still have the receipt
. Told her when gold hits 2k I'm gonna sell it and she just about flipped out on me.
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Varmint
NES Member
Not a gold coin.....but does gold jewelry count? In 2004 when I was on r and r for 3 days in Kuwait (came down on a long convoy from mosul iraq....we did convoy security for civilian contract truckers) I got a gold bracelet for my wife. 23.5 carat gold and a beautiful thing to look at she gets compliments every time she wears it. It was from a Kuwaiti jewelry maker. Weight is just a smidgen under an ounce on the scale. Cost me $410 and I still have the receipt
probably worth more than the Iraqi dinars my brother picked up over there.
Haha, I have about 250k in dinars. Long term play when the land of Shinar hits another revival.
Kuwaiti currency was a bitch over there. I had to go home on emergence leave from Iraq on my second deployment in 2009 while I was there due to a death in the family.....you fly civilian airlines for emergency leave and I got stuck in the airport in Kuwait city for 6 hours waiting for my flight and had to buy something to eat. The exchange rate was so far in favor of the Kuwait currency I ended up spending $32 US for a diet coke and 2 plain donuts.
Well....in gold value alone I'd say current value is about $1750. Let alone the fact that it's just beautiful.
Varmint
NES Member
Kuwaiti currency was a bitch over there. I had to go home on emergence leave from Iraq on my second deployment in 2009 while I was there due to a death in the family.....you fly civilian airlines for emergency leave and I got stuck in the airport in Kuwait city for 6 hours waiting for my flight and had to buy something to eat. The exchange rate was so far in favor of the Kuwait currency I ended up spending $32 US for a diet coke and 2 plain donuts.
My brother got assigned to Kuwait (a top assignment) for a year before the war, and ended up stuck there during the invasion.
not new guy
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Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Win
NES Member
I thought that coin was illegal to own
What could happen when Basle III is implemented? What will banks do to the unallocated gold contracts/swaps? This is a very intriguing viewpoint wrt to what happens after June 30 and Jan 2022. Will we ever get back to honest money again?
www.goldmoney.com
The end of the LBMA is nigh - Research - Goldmoney
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only supply to buy-side speculators of gold and silver contracts will be...
I gotta find a 1974 Flowing Hair coinZerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Pretty crude for 1974
Varmint
NES Member
What could happen when Basle III is implemented? What will banks do to the unallocated gold contracts/swaps? This is a very intriguing viewpoint wrt to what happens after June 30 and Jan 2022. Will we ever get back to honest money again?
The end of the LBMA is nigh - Research - Goldmoney
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only supply to buy-side speculators of gold and silver contracts will be...
This one confuses me cause the motive is not clear, and you know there must be one.
smokey-seven
NES Member
It takes 2. One dyslexic to do the typo and one more to do the proof read.
Motive of writer, Basle 3, or BIS?
A parabolic move in the near term would not be the best situation but that may occur. I would prefer a very slow rise with another pullback hard to like $1800. Then we set a super strong base for a move to $2300 by next year or the following.
Varmint
NES Member
I actually think CPI was not as bad as expected, 0.6% vs expected 0.5%. Not as big a surprise as April. This is why gold and everything else is up. The transitory narrative is still in play.
Win
NES Member
I’m increasingly hearing traders dismiss the government CPI numbers as false when I watch kitco and other investing broadcasts on YouTube. It used to be, several months ago, that it was primarily Schiff that would ridicule the CPI numbers but now it’s pretty much everyone.
Whatever the case, I’m still firm in the belief that this is all a gift to investors in PMs to solidify their positions.
Whatever the case, I’m still firm in the belief that this is all a gift to investors in PMs to solidify their positions.
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