So true. I haven’t bought gold since 2008. I found more silver 2 years ago. I am in and out of etfs for big gains. I will fill out my miner portfolio after Powell makes his move next week. It’s a gamble to trust he will go either way. The fiscal side? Not so much. We know what they will do irregardless of what happens.
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Gold and silver prices are down
- Thread starter Rider
- Start date
View: https://twitter.com/TheWuhanClan/status/1636823659779112962?cxt=HHwWhIC2kciclbctAAAA
Unless you are in physical possession of your gold, it's all smoke & mirrors.
What other uses for coinage are you all thinking about?
Varmint
NES Member
ShhhhhHow about legal uses?![[laugh]](/xen/styles/default/xenforo/smilies.vb/012.gif "Laugh [laugh]")
Win
NES Member
I found these at northshore numismatics in Wakefield yesterday. Not a major investment but still pretty cool. I'm not sure if the US still has a strategic silver stockpile?
Varmint
NES Member
I’d be shocked if the big banks and central banks allow gold to top $2000. That would look bad for the financial system.
Eventually the demand will be so strong it’ll overwhelm attempts to suppress it.
I knew the equities would pull back on Monday hence why I sold during the high on Friday. The bank crisis kept central bankers busy to not pay attention to gold and that’s why it gripped higher towards the end of last week. Still, we made the weekly close above $1950 and the monthly close above $1970 will be next up.
And look at that. It’s almost comical.
Varmint
NES Member
I predict they will throw trillions at the banks and the crisis will dissipate at least temporarily, bringing gold down below $1950.
But the Fed pivot is looking more and more imminent, so gold will be breaking out this year for sure.
Win
NES Member
I'd be delighted to get a couple months more buying opportunities before PMs really get away from me.
Varmint
NES Member
Gold touched $2015 overnight. 
Win
NES Member
There’s nothing left to worry about - everything was fixed
Varmint
NES Member
The Fed told banks, give me all your bad assets for a year and I’ll give you what you paid for them. You have to pay it back in a year, wink, wink.
Banks already gave the Fed $300 billion of those bad assets in just a few days.
Imagine if the Fed bought all your underwater stocks and gave you what you paid for them? Party time, right?
The toxic assets are still out there only now the Fed owns them.
This is actually bullish gold, but in the long term. In the short term it’s back to interest rate hikes and fear trade gone.
Varmint
NES Member
Posted this in two threads just because:
Gold hit new all time highs this week in British Pound, Japanese yen, Indian rupee and Australian and New Zealand dollar.
Does the world know something we don’t? Buy the Focking Dip, gold is a useless relic!
Gold hit new all time highs this week in British Pound, Japanese yen, Indian rupee and Australian and New Zealand dollar.
Does the world know something we don’t? Buy the Focking Dip, gold is a useless relic!
richc
NES Member
I think the US Dollar is the true useless relic... or soon will be...
Not a precious metal (yet), but I'm taking a small bite on uranium. Actually, a few Jan 2025 calls on UEC.
We'll see what happens...
We'll see what happens...
Varmint
NES Member
I think uranium is going to pull back if the stock market ever corrects with recession fears. I'll add to my UUUU position or buy URNM if that happens. But prices are already good so worth a shot I think.
Will we see a pullback at $2000 again?
Dayummm gold is moving! If we close the month above $2000 I will be thrilled.
Yes, good to see Au break above $2000 again (at least, for a while).
Darn, FTCO is my biggest % gainer on my small watch list. Imagine that!
Darn, FTCO is my biggest % gainer on my small watch list. Imagine that!
On your watch list? I thought you were still in it for the dividends?
Yes, I'm still getting the monthly dividends, but I do have the symbol on my screen, too.
Hopefully, the OCC will offer options on it, if it gains some more exposure (or whatever is needed).
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