Home Precious Metals

2020 Gold, Silver, and Economic News

124»

Comments

  • OPAOPA Posts: 17,118 ✭✭✭✭✭
    edited August 11, 2020 5:44AM

    @derryb said:
    buy the dip

    What's your thought, if the US or EU announced a proven vaccine? What impact would it have in the price of PM's?
    (edited for poor grammar)

    Bid/Ask 1941.70 ....... 1942.70
    Silver ....26.82 ..... -2.32

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited August 11, 2020 6:13AM

    Keep in mind that rushed vaccines are not proven in the normal "trial" sense.

    Former FDA head: "I wouldn't take it."

    I suspect at the moment good news is more important to the green ticker gods than a good vaccine

    level heads will prevail, i'm buying the dip once it bottoms.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @derryb said:
    Keep in mind that rushed vaccines are not proven in the normal "trial" sense.

    Former FDA head: "I wouldn't take it."

    I suspect at the moment good news is more important to the green ticker gods than a good vaccine

    level heads will prevail, i'm buying the dip once it bottoms.

    "once it bottoms" is the 64 thousand dollar question. I'm just gonna sit on the sidelines when it comes to buying, but will continue to sell while the going is hot.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited August 17, 2020 11:40AM

    When I say "buy the dip" it means I believe it is here.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • ReadyFireAimReadyFireAim Posts: 1,825 ✭✭✭✭✭

    An adenoviral vector treatment this quickly would be very impressive to say the least.
    My money would be on a traditional protein approach to keep it simple.
    There are so many things in phase-3 now that it's hard to follow.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    . . . @27.32

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MsMorrisineMsMorrisine Posts: 32,984 ✭✭✭✭✭

    it all comes down to exposure testing....

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited August 14, 2020 5:21AM

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    Pretty aggressive move if done in international waters. But incidents like this do not seem to affect the price of gold much, as compared to years ago. Seems much more unpredictable now.

    ----- kj
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭
    edited August 15, 2020 3:45PM

    Buh-Bye 2020 gold and silver economic news thread. The political gun nuts have hijacked it again.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited August 16, 2020 7:28AM

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    Kinda stupid to sell your car or house. How you gonna get to work? Where you gonna live?

    Apparently they dont realize the value of their car and house go up also.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @cohodk said:
    Kinda stupid to sell your car or house. How you gonna get to work? Where you gonna live?

    Apparently they dont realize the value of their car and house go up also.

    The article states that some dealer has been "chatting" with people who are "thinking" about selling their house or car for gold.

    The Bulgarians then create the headline "Currency Panic As Locals Sell Their Cars And Houses To Buy Gold". World class reporting right there. lol

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited August 16, 2020 7:09AM

    Precious metal paper markets continue to crumble

    ". . .when the bubble pops the currency goes pop as well. This outcome is so obvious that the smart money is now getting out of fiat and into physical gold and silver, as witnessed through deliveries on Comex active contract expiries and the disappearance of all physical liquidity in London."

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @cohodk said:
    Kinda stupid to sell your car or house. How you gonna get to work? Where you gonna live?

    Apparently they dont realize the value of their car and house go up also.

    Also kinda stupid that central banks would run their currency into the ground. But, as they say, stupid is as stupid does.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited August 16, 2020 7:29AM

    Like the FED, appears COMEX also needs a new bag of tricks

    COMEX is "not a producer/consumer hedging platform. It’s a currency hedging/speculator platform. But in 2020 it’s now a source of physical gold supply for someone and the COMEX isn’t happy about it at all."

    "But once the (most recent) raid was over and a new low established gold moved right back into backwardation and with that an explosion off the low and a move right back to challenge $2000 again on Thursday. What’s even more impressive is that the COMEX, after Monday’s follow-through beat down, did what it always does to protect itself, it raised margin requirements on both gold and silver to force even more liquidations from now exposed and under-water longs. But it didn’t work!"

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • AzurescensAzurescens Posts: 2,737 ✭✭✭✭✭

    I highly encourage everyone to go read what happened to Turkey and their Lira today.

  • AzurescensAzurescens Posts: 2,737 ✭✭✭✭✭
    edited August 16, 2020 7:53AM

    @MsMorrisine said:
    it all comes down to exposure testing....

    I have said this since November. Test and isolate, test and isolate. Step back for a moment and just break this down by basic logic. We save lives if we prevent infection. We prevent infection by aggressively testing and locking down. There is no vaccine. There is no other way to combat this. The best thing we have is the ONLY thing we have. You can literally ONLY beat this by completely depriving it of hosts. That's it. That's how this stuff has worked and has always worked and none of this is new. There will be no other way. We either have a vaccine or test and isolate.

    I'm not sure if it was blind optimism or why people bought into this. Despair? Terror? Not sure. A lot of people are denying the reality in front of their faces these days.

    There will be no vaccine anytime soon. Prepare for the reality of this being just a part of life, like HIV but aerosolized and much worse. Everything is different. Everything. We do not have remotely near the science to create a vaccine in the capacity in which we understand vaccines today.

    I am not saying these things to argue or to upset anybody. Please, guys, remember that this is The Real Deal. Dont let the passage of time and other reckless people let that be lost on you. People who post here are the movers and shakers of wealth redistribution. Please dont get sick.

    I know the following is apples and oranges, but something to think about: it's almost a year later and we can't nail down a test. And people think a vaccine is just gonna.. what.. pop into existence? An angel comes by says hey guys nah we good and drops it at our feet? We completely redesign the way drugs are sent to cells, or are we even gonna kill it that way? Can we even kill it that way? We don't even know that yet!

    We have over six strains and the people in NZ just got reinfected with B.1.1.1.1. from Wuhan. There will be no vaccine. Please, guys, prepare for this very likely reality. I only say this because this place has been a big part of my life through thick and thin. I'm not trying to scare anyone just please be prepared, for your family's sake, for your neighbors and friends and colleagues.

  • dcarrdcarr Posts: 8,419 ✭✭✭✭✭

    And one doesnt need to be "rich" to get started. We could discuss the mega life changing investments in companies like Apple or Microsoft, but how about something more mundane like Cracker Barrel or Autozone where $1000 invested 30 years would be worth $50,000 now. One doesnt need to be rich to benefit from others' genius, just confidence and clarity of vision.

    And BTW---rose colored glasses do enhance visual acuity much more than dark and stained ones.

    And 30 years ago the typical stock market "retail investor" would have been more likely to put their money in General Electric, Citigroup, or Sears than Cracker Barrel or Autozone.

    $1000 of General Electric in 1990 would be about $1,200 today.
    $1000 of Citigroup in 1990 would be about $2,000 today.
    $1000 of Sears in 1990 would be about $15 today.

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭
    edited August 17, 2020 3:48AM

    @dcarr said:

    And one doesnt need to be "rich" to get started. We could discuss the mega life changing investments in companies like Apple or Microsoft, but how about something more mundane like Cracker Barrel or Autozone where $1000 invested 30 years would be worth $50,000 now. One doesnt need to be rich to benefit from others' genius, just confidence and clarity of vision.

    And BTW---rose colored glasses do enhance visual acuity much more than dark and stained ones.

    And 30 years ago the typical stock market "retail investor" would have been more likely to put their money in General Electric, Citigroup, or Sears than Cracker Barrel or Autozone.

    $1000 of General Electric in 1990 would be about $1,200 today.
    $1000 of Citigroup in 1990 would be about $2,000 today.
    $1000 of Sears in 1990 would be about $15 today.

    Oh, are you a typical retail investor? Personal experience?

    Actually the typical retail investor is going to own mutual funds which are managed by pretty bright dudes and dudettes that see the value of human capital, intelligence, ingenuity, ect.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited August 17, 2020 6:00AM

    Gold has been the best investment over the last 20 years.

    Second only to Coho's silver spoon. lol.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    Those paying attention have lots of inside information on gold.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @dcarr said:

    There really is no such thing as a "retail investor".
    There is only "retail speculators" and "retail chumps".

    I have never invested in anyone else's company. I have invested only in my own.
    If you buy a stock with the intent of selling it for more later, that is purely SPECULATING, not "investing".
    If you buy a company or form one, to run it with a plan, that is true "investing".

    And there is only one type of "clarity of vision" ... insider information (which you apparently don't have or else you would be too successful to be hanging around here).

    So if you do not have insider information, you are at a severe disadvantage competing against those who do.

    Billions of investors over many generations would vehemently disagree,

    Kind of an arrogant stance to believe that the only company worthy of investment is ones own.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    Says the arrogant one. LOL

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • Mike59Mike59 Posts: 319 ✭✭✭

    Warren Buffett buy $560 Million Dollar position in Barrick Gold. Barrick stock ( GOLD) was getting a lift on Monday from the news that Berkshire Hathaway initiated a position of 20.9 million shares in the second quarter that is now worth about $600 million.
    Shares of Barrick (ticker: GOLD) were up 11%, to $29.96, at 1:22 p.m. on Monday. Its similarly sized rival, Newmont (NEM), was up only 6.6%, to $65.95. Gold was up $29, to $1,974 an ounce.

    MIKE B.

This discussion has been closed.