Gold and silver prices are down

[Varmint]

Gold is $2559, a new high.

 

[Varmint]

I’m more excited about silver which is just shy of $30. Silver and junior miners often trend together.

 

[Varmint]

GDX just hit a 4 year high.

 

[DJBrad]

GDX just hit a 4 year high.

Wish I kept trading GDXU.

 

[Varmint]

Wish I kept trading GDXU.

Yeah you seemed really good at that. If the rally falls apart try it again.

 

[yogi]

I’m such an idiot….forgot I had subscribed to the US Mint coin releases…this showed up today….

 

[Varmint]

Yawn fest as the market ignores the Fed minutes and waits for Friday’s Jackson Hole speech from Powell.

Gold is already pricing in a 25 pt cut so if Powell isn’t dovish, look out below.

 

[DJBrad]

Yawn fest as the market ignores the Fed minutes and waits for Friday’s Jackson Hole speech from Powell.

Gold is already pricing in a 25 pt cut so if Powell isn’t dovish, look out below.

Peter Krauth was talking about gold being overbought in the near term and the COT report shows higher short interest in silver so we might see a healthy pull back. We might not.

 

[yogi]

…so we might see a healthy pull back. We might not.

Are you this guy!?

 

[Varmint]

Peter Krauth was talking about gold being overbought in the near term and the COT report shows higher short interest in silver so we might see a healthy pull back. We might not.

Jordan Roy Byrne always says in gold bull markets you go to extreme overbought conditions. Maybe at $2800 we’ll get a pullback.

Everyone is waiting in the Jackson Hole speech from Saint Powell.

 

[HARRYM]

This schmuck thinks gold is going to hit $27,000 and ounce

https://moneywise.com/investing/alternative-investments/investing-guru-jim-rickards-says-gold-will-hit-27000-an-ounce

In 2008 I was given a sales pitch to get into Bitcoin from a co-worker. I listened to him and told him good luck with it as all that would happen is he would lose all his investment and he was a fool even considering doing it...........

 

[Varmint]

In 2008 I was given a sales pitch to get into Bitcoin from a co-worker. I listened to him and told him good luck with it as all that would happen is he would lose all his investment and he was a fool even considering doing it...........

So are you buying Bitcoin now?

 

[Varmint]

This schmuck thinks gold is going to hit $27,000 and ounce

https://moneywise.com/investing/alternative-investments/investing-guru-jim-rickards-says-gold-will-hit-27000-an-ounce

I see what he did, he presumed the current amount of dollars (M1) and 40% backed by gold.

Which is why they can’t back a currency with gold, it would make gold too expensive.

 

[DJBrad]

Jordan Roy Byrne always says in gold bull markets you go to extreme overbought conditions. Maybe at $2800 we’ll get a pullback.

Everyone is waiting in the Jackson Hole speech from Saint Powell.

$2720

 

[DJBrad]

Are you this guy!?

View attachment 911084

 

[richc]

@Varmint is this your fault? Did you sell????

 

[richc]

This schmuck thinks gold is going to hit $27,000 and ounce

https://moneywise.com/investing/alternative-investments/investing-guru-jim-rickards-says-gold-will-hit-27000-an-ounce

Rickards is like a carnival barker for the gold and silver markets.

Sensationalism sells.

 

[DJBrad]

@Varmint is this your fault? Did you sell????




View attachment 911153

Technical action only. Maybe it was Varmint too.

 

[Varmint]

@Varmint is this your fault? Did you sell????




View attachment 911153

Widen your chart a little.

 

[HARRYM]

So are you buying Bitcoin now?

Bitcoin being a laughable scam is another one of my brilliant predictions. Could have bought in for practically nothing.

 

[Varmint]

Bitcoin being a laughable scam is another one of my brilliant predictions. Could have bought in for practically nothing.

I think you see the world for how it should be, not how it is.

 

[Varmint]

Rickards is like a carnival barker for the gold and silver markets.

Sensationalism sells.

You’re selling him short. He’s got a brilliant mind, I heard him debate with some other dudes, he made Brent Johnson (milkshake theory) sound like an idiot.

James Rickards is the Editor of Strategic Intelligence a financial newsletter. He is the New York Times bestselling author of The New Great Depression (2021), Aftermath (2019), The Road to Ruin (2016), The New Case for Gold (2016), The Death of Money (2014), and Currency Wars (2011) from Penguin Random House.

James Rickards is an investment advisor, lawyer, inventor, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an op-ed contributor to the Financial Times, Evening Standard, The Telegraph, New York Times, and Washington Post, and has been interviewed by BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal.

Mr. Rickards is a guest lecturer in globalization and finance at The Johns Hopkins University, Georgetown University, Trinity College Dublin, The Kellogg School at Northwestern, the U.S. Army War College and the School of Advanced International Studies. He has presented papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory.

James Rickards is an advisor on capital markets to the U.S. intelligence community, and the Office of the Secretary of Defense, and is on the Advisory Board of the FDD Center on Economic and Financial Power in Washington DC. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from SAIS, and a B.A. (with honors) from Johns Hopkins. He lives in New Hampshire.

 

[DJBrad]

You’re selling him short. He’s got a brilliant mind, I heard him debate with some other dudes, he made Brent Johnson (milkshake theory) sound like an idiot.

He’s got great macro analysis and having listened to him several times I agree. Brent just bloviates about his longterm theory without anything new.

 

[Varmint]

He’s got great macro analysis and having listened to him several times I agree. Brent just bloviates about his longterm theory without anything new.

When Rickards started picking apart his milkshake theory, Johnson started saying the US can just nuke people. He sounded like a retard. I think he’s not used to anyone challenging him.

 

[richc]

@Varmint, glad you came to you senses and jumped back in the market!

 

[richc]

You’re selling him short. He’s got a brilliant mind, I heard him debate with some other dudes, he made Brent Johnson (milkshake theory) sound like an idiot.

I've been listening to him for years, off and on. His views are on the extreme side. And rarely come true.

Brilliant or not, I really tend to ignore noise from extremists.

One good "at bat" in a baseball game does not make one a hero.

 

[AJK129]

I randomly decided to buy junior uranium minors yesterday (not a ton). Up over 10% today.

Wish I had bought a serious amount lol

 

[Varmint]

I've been listening to him for years, off and on. His views are on the extreme side. And rarely come true.

Brilliant or not, I really tend to ignore noise from extremists.

One good "at bat" in a baseball game does not make one a hero.

Yeah I don’t usually listen to him for the same reason. But he is a different beast from the PM permabulls, and I think we’re starting to see some of his predictions come true.

 

[Varmint]

I randomly decided to buy junior uranium minors yesterday (not a ton). Up over 10% today.

Wish I had bought a serious amount lol

I only own UUUU, sold half my position at a much higher price. It tends to track the stock market more than the uranium price.

 

[Varmint]

@Varmint, glad you came to you senses and jumped back in the market!


View attachment 911414

Yeah me and JPow’s money printer make a good team!