Gen-X money managers chasing the FAANG stocks. BTW FAANG stocks account for 50% of stock market gains. A rotation in PM's stock may be genius or suicide.
@metalmeister said:
Gen-X money managers chasing the FAANG stocks. BTW FAANG stocks account for 50% of stock market gains. A rotation in PM's stock may be genius or suicide.
FAANG stock managers have done extremely well for several years...Kudos to them. Rotation into PM's? Possible, but I doubt it.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
It will follow the declining currencies that are boosting the dollar. Look for lower in the short term.
FWIW, the recent Commitment of Traders (COT) report indicates stronger gold prices are on the way.
"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
It will follow the declining currencies that are boosting the dollar. Look for lower in the short term.
Yes, of course, because the currency of a country that has a GDP less than the value of Apple or Amazon or Google, or Microsoft, will surely influence the US dollar.
BTW...the value of goods that Walmart sells is equal to about 60% of all the goods and services produced by Turkey.
Or maybe since we are in the midst iof baseball season, we should say the Boston Red Sox are good because the Orioles are so bad.
@cohodk said:
Yes, of course, because the currency of a country that has a GDP less than the value of Apple or Amazon or Google, or Microsoft, will surely influence the US dollar.
BTW...the value of goods that Walmart sells is equal to about 60% of all the goods and services produced by Turkey.
Or maybe since we are in the midst iof baseball season, we should say the Boston Red Sox are good because the Orioles are so bad.
Turks and Iranians are beginning to abandon their currency in favor the of the USD. Erdogan has been begging citizens to sell their gold/USD and buy Lira. Chances are the ME will not be trading in Lira or Iranian Rial. This greatly strengthens the Dollar's influence as the only real contenders in the ME now are the USD and Saudi Riyal. The reconstruction of Iraq is going to be extremely profitable and Turkey and Iran are no longer in a position to lead those efforts.
on the left:
euro on top, lower means stronger dollar
pound on bottom, lower means stronger dollar
swiss franc center top, higher means stronger dollar
Canadian dollar center bottom, higher means stronger dollar
yen right top, higher means stronger dollar
Swedish kroner right bottom, higher means stronger dollar
The dollar rises because post-WWII, we established an international reputation for favoring international conventions/agreements and monitoring institutions. We did that appreciating some loss of short term gain in favor of long-term international stability and movement toward classical liberal values in other places.
Of course, exploiting international confidence and trust in the dollar and in our devotion to international conventions will bring massive short term gain. But the erosion in international confidence as a result of such exploitation invariably means that internationals will move to mitigate exposure to the dollar down the line.
nothing like a world wide currency crisis to salvage a particular currency. Engineered via recent economic and political policy? And how long can it last?
"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
How is the dollar gaining? My dollars don't buy the same amount of goods as 10 years ago, at least I don't think so. Gas is $3 bucks a gallon for the 87, home heating fuel is $2.50 a gallon, my taxes have gone up, so hasn't homeowners and car insurance. I thought oil and PM's were closely tied when PM's go down so doesn't oil/fuel?
@shinywhite said:
I've never seen silver this low before. Maybe buy some xtra silver, but I really would like to own some gold.
Pffff....I remember it under five for a LOOONG stretch. I've been saying since 28 it's going to under 10. I'm just surprised it's taking so long to get there.
1135 for a bottom? Hope so, sitting on a bunch of DUST (up 18% today) and looking to buy more silver.
"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
Quite a morning.....I used to get a stomach ache, now I realize this is just a temporary thing, and an opportunity.
At least until I run out of money......
I'm still amazed as to the number of PM buyers that are still trying to "catch a falling knife." I'll continue to wait until or when the market turns around. I won't be catching the bottom, but my hand will not be bloodied.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@OPA said:
I'm still amazed as to the number of PM buyers that are still trying to "catch a falling knife." I'll continue to wait until or when the market turns around. I won't be catching the bottom, but my hand will not be bloodied.
@OPA said: I'm still amazed as to the number of PM buyers that are still trying to "catch a falling knife." I'll continue to wait until or when the market turns around. I won't be catching the bottom, but my hand will not be bloodied.
Yup, completely true. Looks like there's blood on the sidewalk, but not quite to the streets. When the sentiment is this negative, it's hard to justify spending money on metals. I just got a shipment from Apmex a few minutes ago.
If I had no regular income and was already retired, I'd be coasting. Regardless, I see no particular reason to be in a hurry to either buy or sell. Cash management and budgeting is the key. And tax management.
Q: Are You Printing Money? Bernanke: Not Literally
@MsMorrisine said: I'll back up the truck at under $10
There won't be anything left on the loading dock at $10.
@MsMorrisine said: the dollar has moved considerably stronger against the euro and pound.
10 euro cent is a big move.
14 pence is a big move.
Looks like the currency markets are making their adjustments to what is being perceived as new US trade policy. What isn't known is where the equilibrium lies after the adjustments are made, and whether or not there will be some market failures due to liquidity along the way.
Nevertheless, it's probably better to have some dollars now than not. Keeping some powder dry, but always remember what dollars are - a debt instrument.
We haven't seen what destruction can happen because of debt mismanagement now for 90 years. Tread lightly.
Q: Are You Printing Money? Bernanke: Not Literally
I bought 5 $14 puts on SLV 9/21 expiry on Monday and sold them today. We’ll see if that was the right move. Also had a $20 GDX put that I sold as well. I still have a GDX $22 call, 10/19 expiry which I’m down a ton on.
I’m not mentioning my other Robinhood option trading which, in general, has been bad.
.the $US evaluation is too high creating an unsustainable exchange rate relative to all other fiat currencies. This will create issues when foreign debt comes due and emerging economies, all slowing down, can no longer afford to pay off their loans. Turkey, Argentina, Venezuela are experiencing double if not triple digit inflation. It will be Turkey x 50. Definitely adding to destabilizing much of the world's currency exchanges. (gold bullish) The only answer left for these foreign currencies from tanking any lower and stop out of control escalating inflation is to peg their currencies on a gold standard. The US feds easing back on interest rate increases will also be bullish for gold but I doubt that will happen given the current economic pick up. Until the US economy is crippled by a slow down based on an overvalued dollar the feds will stay their course. What goes up must go down.
Dumb website, I clicked "lol" by accident when I was contemplating your post, coinpalice - and I couldn't back it out.
You make some good observations. The question is what's gonna happen to the US dollar as a reserve currency. The stronger dollar is certainly a motivation to move away from it, but that simply means that trade will slow down considerably, and it also means that more dollars are going to be coming back home, causing potential liquidity problems abroad.
It's going to get interesting. Trade is being re-negotiated. Debt is being re-negotiated. I think it means that the US engines of production will have to gear up, and that we'll see some real cascading financial problems all across the globe. The US won't be immune, especially considering both public & private debt loads.
My concern is that we aren't nearly as self-reliant as the country was when we were kids. People and countries don't like being held to account when all they've ever known is easy money. Maybe it'll all work out. I simply don't know about that.
Q: Are You Printing Money? Bernanke: Not Literally
The economic contagion has begun, this time outside of the US. How long before it spreads to the US? Economic crisis, as demonstrated the last time is now a world wide event. The price of a global economy.
"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
Nomi Prins explains how rising dollar rates are ruining emerging markets that borrowed in dollars. The result is a strengthening US dollar and a possible delay in raising rates further.
"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
The short term direction of interest rates has more influence on gold than does the dollar. Like the dollar, short term rates have an inverse affect on gold prices. Until FED tightening turns the economy downward, and it will, gold will continue to be a bargain. As always, watch what the FED does, not what is says it is going to do. Perception is 90% of investor sentiment. FED mouthpieces try very hard to influence perception.
We are in the middle of economic warfare with our major trading partners. There are no winners, only those who lose the least. Unless you completely destroy your opponents currency and economy it is a zero sum game. Administration wants a weaker dollar - they will get it, if not from the FED, through their war.
"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
Comments
Gen-X money managers chasing the FAANG stocks. BTW FAANG stocks account for 50% of stock market gains. A rotation in PM's stock may be genius or suicide.
100% Positive BST transactions
FAANG stock managers have done extremely well for several years...Kudos to them. Rotation into PM's? Possible, but I doubt it.
"How low will it go ?"
It will follow the declining currencies that are boosting the dollar. Look for lower in the short term.
FWIW, the recent Commitment of Traders (COT) report indicates stronger gold prices are on the way.
"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
Everyday I go on Kitco expecting green and all I get is red. Oh well, time to buy more I guess.
Yes, an opportunity.
I am a long-term guy, after all.
Added 400 oz's of AG this afternoon.......
Yes, of course, because the currency of a country that has a GDP less than the value of Apple or Amazon or Google, or Microsoft, will surely influence the US dollar.
BTW...the value of goods that Walmart sells is equal to about 60% of all the goods and services produced by Turkey.
Or maybe since we are in the midst iof baseball season, we should say the Boston Red Sox are good because the Orioles are so bad.
Knowledge is the enemy of fear
Turks and Iranians are beginning to abandon their currency in favor the of the USD. Erdogan has been begging citizens to sell their gold/USD and buy Lira. Chances are the ME will not be trading in Lira or Iranian Rial. This greatly strengthens the Dollar's influence as the only real contenders in the ME now are the USD and Saudi Riyal. The reconstruction of Iraq is going to be extremely profitable and Turkey and Iran are no longer in a position to lead those efforts.
Who said turkey before now anyway.
The dollar index has been going up like it's high on helium. Those are first world currencies.
on the left:
euro on top, lower means stronger dollar
pound on bottom, lower means stronger dollar
swiss franc center top, higher means stronger dollar
Canadian dollar center bottom, higher means stronger dollar
yen right top, higher means stronger dollar
Swedish kroner right bottom, higher means stronger dollar
the dollar has moved considerably stronger against the euro and pound.
10 euro cent is a big move.
14 pence is a big move.
The dollar rises because post-WWII, we established an international reputation for favoring international conventions/agreements and monitoring institutions. We did that appreciating some loss of short term gain in favor of long-term international stability and movement toward classical liberal values in other places.
Of course, exploiting international confidence and trust in the dollar and in our devotion to international conventions will bring massive short term gain. But the erosion in international confidence as a result of such exploitation invariably means that internationals will move to mitigate exposure to the dollar down the line.
Here's a warning parable for coin collectors...
nothing like a world wide currency crisis to salvage a particular currency. Engineered via recent economic and political policy? And how long can it last?
"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
down another 7 dollars in overnight trading. short selling with the pm prices this low seems risky
How is the dollar gaining? My dollars don't buy the same amount of goods as 10 years ago, at least I don't think so. Gas is $3 bucks a gallon for the 87, home heating fuel is $2.50 a gallon, my taxes have gone up, so hasn't homeowners and car insurance. I thought oil and PM's were closely tied when PM's go down so doesn't oil/fuel?
-#Americastrong
Knowledge is the enemy of fear
I've never seen silver this low before. Maybe buy some xtra silver, but I really would like to own some gold.
Pffff....I remember it under five for a LOOONG stretch. I've been saying since 28 it's going to under 10. I'm just surprised it's taking so long to get there.
Trump dollar going all #METOO on Commodities.
Loves me some shiny!
I'll admit breaching sub 15 for silver had me looking...
This is beginning to sound like all my ...SILVER.... buyers in the shop.
Always hopeful....always wrong.
1135 for a bottom? Hope so, sitting on a bunch of DUST (up 18% today) and looking to buy more silver.
"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
Quite a morning.....I used to get a stomach ache, now I realize this is just a temporary thing, and an opportunity.
At least until I run out of money......
I'm still amazed as to the number of PM buyers that are still trying to "catch a falling knife." I'll continue to wait until or when the market turns around. I won't be catching the bottom, but my hand will not be bloodied.
Was $9 less than 10 years ago. Anybody remember the fall of 2008? What a Fall it was.
I need a tourniquet
I'll back up the truck at under $10
sounds like 1,130 could be the bottom
_#INSURANCE
Knowledge is the enemy of fear
@OPA said: I'm still amazed as to the number of PM buyers that are still trying to "catch a falling knife." I'll continue to wait until or when the market turns around. I won't be catching the bottom, but my hand will not be bloodied.
Yup, completely true. Looks like there's blood on the sidewalk, but not quite to the streets. When the sentiment is this negative, it's hard to justify spending money on metals. I just got a shipment from Apmex a few minutes ago.
If I had no regular income and was already retired, I'd be coasting. Regardless, I see no particular reason to be in a hurry to either buy or sell. Cash management and budgeting is the key. And tax management.
I knew it would happen.
@MsMorrisine said: I'll back up the truck at under $10
There won't be anything left on the loading dock at $10.
@MsMorrisine said: the dollar has moved considerably stronger against the euro and pound.
10 euro cent is a big move.
14 pence is a big move.
Looks like the currency markets are making their adjustments to what is being perceived as new US trade policy. What isn't known is where the equilibrium lies after the adjustments are made, and whether or not there will be some market failures due to liquidity along the way.
Nevertheless, it's probably better to have some dollars now than not. Keeping some powder dry, but always remember what dollars are - a debt instrument.
We haven't seen what destruction can happen because of debt mismanagement now for 90 years. Tread lightly.
I knew it would happen.
I bought 5 $14 puts on SLV 9/21 expiry on Monday and sold them today. We’ll see if that was the right move. Also had a $20 GDX put that I sold as well. I still have a GDX $22 call, 10/19 expiry which I’m down a ton on.
I’m not mentioning my other Robinhood option trading which, in general, has been bad.
Options trading. You do know that you're up against the HFT odds when you trade options, don't you?
I knew it would happen.
.the $US evaluation is too high creating an unsustainable exchange rate relative to all other fiat currencies. This will create issues when foreign debt comes due and emerging economies, all slowing down, can no longer afford to pay off their loans. Turkey, Argentina, Venezuela are experiencing double if not triple digit inflation. It will be Turkey x 50. Definitely adding to destabilizing much of the world's currency exchanges. (gold bullish) The only answer left for these foreign currencies from tanking any lower and stop out of control escalating inflation is to peg their currencies on a gold standard. The US feds easing back on interest rate increases will also be bullish for gold but I doubt that will happen given the current economic pick up. Until the US economy is crippled by a slow down based on an overvalued dollar the feds will stay their course. What goes up must go down.
Dumb website, I clicked "lol" by accident when I was contemplating your post, coinpalice - and I couldn't back it out.
You make some good observations. The question is what's gonna happen to the US dollar as a reserve currency. The stronger dollar is certainly a motivation to move away from it, but that simply means that trade will slow down considerably, and it also means that more dollars are going to be coming back home, causing potential liquidity problems abroad.
It's going to get interesting. Trade is being re-negotiated. Debt is being re-negotiated. I think it means that the US engines of production will have to gear up, and that we'll see some real cascading financial problems all across the globe. The US won't be immune, especially considering both public & private debt loads.
My concern is that we aren't nearly as self-reliant as the country was when we were kids. People and countries don't like being held to account when all they've ever known is easy money. Maybe it'll all work out. I simply don't know about that.
I knew it would happen.
Click the Lol again and it should reverse the move.
I just tested it on mobile and it worked for me.
It's all about what the people want...
The economic contagion has begun, this time outside of the US. How long before it spreads to the US? Economic crisis, as demonstrated the last time is now a world wide event. The price of a global economy.
"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
Nomi Prins explains how rising dollar rates are ruining emerging markets that borrowed in dollars. The result is a strengthening US dollar and a possible delay in raising rates further.
"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
What was the volume on Thursday?
Knowledge is the enemy of fear
8/15..........127.55M
8/16...........78.68M
Higher volumes = lots more people with a stronger opinion than usual. What else does it mean?
I knew it would happen.
I'm sure it will go lower - I bought some last week, ha!
The short term direction of interest rates has more influence on gold than does the dollar. Like the dollar, short term rates have an inverse affect on gold prices. Until FED tightening turns the economy downward, and it will, gold will continue to be a bargain. As always, watch what the FED does, not what is says it is going to do. Perception is 90% of investor sentiment. FED mouthpieces try very hard to influence perception.
We are in the middle of economic warfare with our major trading partners. There are no winners, only those who lose the least. Unless you completely destroy your opponents currency and economy it is a zero sum game. Administration wants a weaker dollar - they will get it, if not from the FED, through their war.
Weaponizing the US Dollar Is Accelerating Global De-Dollarization
"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
+17 on pog, who sold?