Is Silver Set Up For A 'Generational Trade'? [View article]
I think it is an exercise in futility and waste of time to worry about the "silver powder" issue in China. All I know at this time is that the silver demand in the US is growing and growing, and that the spot price of silver, around $24+ today, is being MANIPULATED with future (paper) contracts. And the other key fact is that all the mined silver in the US does not demand for making silver eagles. The mint cannot supply the demand....period. That is why there is a 30% plus premium on silver eagles today. It is virtually impossible to buy them, and the going sell price on e-Bay is about $33. If you do not believe me, just go out and try to buy silver eagles. That is why you need to hold the actual silver eagles, and forget about the PAPER. And the chickens will come home to roost when the omelet hits the fan and all the silver contracts must PRODUCE THE SILVER.....which is a big problem. Just my opinion as I continue to stockpile the REAL THING, silver eagles.
The Anatomy Of A Gold Mining Crash - And Recovery [View article]
Craig may have comments on Yamana, but it is one of the top gold mining stocks in my opinion. I bought another 500 shares this morning. It is a PREMIER stock. Another two great ones that I have owned for some time are Goldcorp (GG) and Newmont Mining. Yamana will be at least at $20 by year end, in my opinion. These mining stocks are all SCREAMING BUYS. Buy in increments and AVERAGE UP, or DOWN. You will not be sorry.
The Anatomy Of A Gold Mining Crash - And Recovery [View article]
GREAT ARTICLE, CRAIG!! Golf and slver mining stocks are a SCREAMING BUY!!! And actual gold and silver even better, that is if you can find any eagles to buy. The XAU has declined dramatically over the past few months, and it went to 100 recently. A year or so ago it was around 200. CUT IN HALF!! Money to be made, but don't wait around too long. You will be SORRY. I bought a ton of Yamana (AUY) and Central Fund of Canada (CEF) this morning. I already have lots of eagles.
Those crooks at Golden Slacks and JP Morgan are getting SQUEEZED big time, just like the crooked hedge funds that TRY to manipulate the market. You can beat them at their crooked games by buying on the big dips they manufacture, and holding the real metals, and also the stocks. Over time you will clean their clocks.
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
Once again, Interesting Times, you are so WISE. You have probably seen lots and LEARNED WELL in your lifetime. It took me until I was in my late 50s to learn these lessons about buying and holding the real thing. These crooks will not be outsmarted, because even the CROOK REGULATORS who are supposed to protect us little guys are in on the take. Notice that these fake regulators come from Golden Slacks, JP Morgan, etc., and then go "regulate" for awhile, and then get PAID OFF handsomely as they return to doing all their crooked things. People are slowly catching on, but most are pretty slow on the draw. Just look at who the so calle regualtors have been over the past several years. History speaks for itself. THEY ARE ALL CROOKS AND GREEDY BASTARDS in my book. And they all feed off one another. Just lie a bunch of vultures. What a SHAME in this day and age.
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
Interesting times, you are a WISE man. I am old like you, and I learned the hard way in the 90's, and yes I had some big gains, to be followed by big losses. Net/Net it was a wash at best. You cannot outsmart these crooks with their computers, algorithms, flash trading, etc. Their tricks work well in the short run, but their antics just create buying opportunies for the actual holders of the REAL THING. My theory is that gold and silver, and actually holding the physical metals (gold and silver eagles), is GREAT INSURANCE that protects us from the financial disaster that will hit us sooner or later. And to me, and I think you, I have enjoyed great DIVIDENDS with this approach, and no loss of sleep. And you always have the INSURANCE the entire time, unlike trading in and out. If your timing is lousy, it is CURTAINS.
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
A typical response from a "trader"! Good luck in the long run!!! How have you done over the past 10 years? Are you up 400% overall. That is how much I am up by buying the actual metals and holding them. You bought a bunch on Monday. WOW, I am impressed. When do (did) you sell? What happens when the computers and flash trading crooks at GS and JPM do their thing and send things on a wild ride. Can you outdo the crooks? Are your computers faster and smarter than their's? All I can say is that if you are up 400% or more over the past 10 years, you are a GENIUS and should go to work for GS and JPM. I personally like to sleep at night, and I never lose a wink, even when the BIG DROP occurred recently. I just bought more to buy and hold! This strategy has made my other stock investments look sick. Just my humble opinion.
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
Yes, those CROOK idiots at JP Morgan and Golden Slacks have been trying their best to drive down the prices of gold and silver for many months using the PAPER ROUTE. What they HAVE NOT figured out is that gold purchases in the US are PIDDLING compared to China, India, Russia, etc., where they actually buy the metals......and not the worthless paper contracts. So they falsely believe they are controlling the metals market because of the idiot traders and manipulators in the US, when in fact, it is WORLD DEMAND for the actual metal that COUNTS. Their crap works in the short run, but not too smart a strategy in the long run. So just buy the REAL THING on the dips, and HOLD, and you will be rewarded if you have patience.
user 101, when these idiots at Fox, CNBC and Bloomberg say sell, sell, sell, you know that it is time to BUY, BUY, Buy. How many PM bulls do you now? That is a fabulous sign to BUY.
As Avi so correctly pointed out a day or two ago, this is indeed a CONSPIRACY drummed up by our buddies at Golden Slacks and the crooks at JP Morgan. To top it all off, then they came out with their stupid long term predictions to back up their crook manipulating traders. They have been working up to this "climax" for several months, testing their computers and algorithms and then they "perfected" this severe downturn last Friday. They knew full well that all the stops would be hit and margin calls would happen, and the CASCADE happened. That is the BAD NEWS for NOW. The GOOD NEWS is that their PAPER TRADING must produce the gold and silver at some point, and when this happens, they will find out that there is just not much of the metal around at these prices to DELIVER the real thing. Then the s--t will hit the fan, and enjoy watching them scramble to cover their shorts. Don't know just when, but I think it will be sooner rather than later. So just be patient. Buy on the dips like this, and hold, and you will be just fine in the long run. Their manipulating works in the short run, but in the long run, it is a disaster. Water eventually seeks its level!!! That is why I NEVER use stops. This plays right into the crooks hands.
honesty, you just nailed it with your last sentence above. This is what happens with TRADING IN AND OUT. Sooner or later you catch your lunch......when you least expect it. I learned this in the 90s, and since 2000 got smart and just keep buying and holding. To me, gold and silver are an INSURANCE POLICY. I don't think it is too wise for me to carry INSURANCE when I think I am going to suffer a disaster, and then CANCEL the INSURANCE when I see a period of "not getting hit" with one. I AM NOT THAT SMART! My buy and hold strategy has been very good to me (400% gains), and I love having the physical gold and silver eagles in my possession. Come hell or high water, they are REAL and very LIQUID. I do not intend to sell for a LONG, LONG TIME. And these severe corrections do not phase me one bit. I just buy more.
Glad to hear that you have GREAT TIMING. CONGRATULATIONS!! And I mean it. However, this is not for me, since I tried this in the 90's, and I got my arshe handed to me. I am not a GOOD TIMER!! Since I continue to accumulate silver and gold eagles (on the dips), which do have a nasty premium for going in and out, I just HOLD. Plus, silver eagles are bulky when you buy 2,000 at once. Like you need a mule! Over time, and I do not mean a year. I have found this strategy to be pretty darn good. However, a good way to do this where you do not have to pay these steep in and out premiums is Central Fund of Canada (CEF). My mistake was not trading these CEF shares that I bought for $4 years ago when silver and gold hit their high water marks in 2012 or so. So your advice of trading when things get frothy on the high side is much appreciated. I will keep this in mind. I do not like the ETFs, and just do not trust them. CEF has at least 95% of their holding in actual gold and silver. I do not believe this is the case with the silver and gold ETFs. Maybe you can correct me on this. I do LOVE to have the eagles in my possession, and Jim Cramer agrees with this strategy. He is usually a pretty sharp dude.
Hey, DUDE Avi: How about the last 12 years. Your time horizon is awfully SHORT, like most of the idiots out there. I have at least quadrupled my investments of the early 2000s by buying the real stuff......GOLLD AND SILVER EAGLES. How does this compare to your stock investments over this same time period. A few month does NOT A TREND MAKE. By the way, Michael Pento has been RIGHT for a long, long time. So don't be fooled by this short term correction, which will take out all the WANABEES.
Just DO NOT sell the physical silver coins. NOW...NOT FOR A LONG TIME! I bought almost all my silver eagles at $7, and will hold till the cows come home. My gold I bought (mostly eagles) at $350. So 4+ times my investment is not too bad. Have stocks done that in the past 12 years.
Just buy and hold the REAL STUFF. All this trading going on now is PAPER trading done by the manipulators. It may go a little lower, but the time is getting SHORT for all the paper SHORTS out there. Nothing has changed fundamentally, and the Golden Slacks dudes are licking their chops with all their clever manipulation. So just buy and hold the REAL STUFF!! You will not be sorry soon. Just wait and see!!! And beware of the the paper ETFs. What happens when the silver has to be delivered?
Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%. [View news story]
This crazy sell off today is a scam by Goldman. It is all PAPER trades on future contracts. That is why putting stops on your gold and silver peper investments PLAYS RIGHT INTO THE HANDS OF THESE MARKET-MANIPULATING CROOKS. These dudes are not stupid, and they know that when these stops get hit, the cascade is on, like happened today.
THE REMEDY: Just buy the physical metal, like silver and gold eagles, and HOLD! HOLD! HOLD! Goldman and JP Morgan can minipulate until the cows come home, and it will have no effect in the longer term. And the longer term is what this is all about.
Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%. [View news story]
You are so on the button! They are driving out all the WANABEES, and that is good. A classic case of market manipulation. What else would you expect from Golden Slacks? They are a pit of vipers at best, and JP Morgan is in the same class. So take advantage of the situation and buy. And when I say buy, buy the physical gold and silver eagles, and especially silver. Right now they cannot produce enough silver to meet demand. And those crooks at Golden Slacks and JP Morgan know that.
Is Silver Set Up For A 'Generational Trade'? [View article]
The Anatomy Of A Gold Mining Crash - And Recovery [View article]
The Anatomy Of A Gold Mining Crash - And Recovery [View article]
The Anatomy Of A Gold Mining Crash - And Recovery [View article]
Golf and slver mining stocks are a SCREAMING BUY!!! And actual gold and silver even better, that is if you can find any eagles to buy. The XAU has declined dramatically over the past few months, and it went to 100 recently. A year or so ago it was around 200. CUT IN HALF!! Money to be made, but don't wait around too long. You will be SORRY. I bought a ton of Yamana (AUY) and Central Fund of Canada (CEF) this morning. I already have lots of eagles.
Those crooks at Golden Slacks and JP Morgan are getting SQUEEZED big time, just like the crooked hedge funds that TRY to manipulate the market. You can beat them at their crooked games by buying on the big dips they manufacture, and holding the real metals, and also the stocks. Over time you will clean their clocks.
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
A massive wave of Asian buying of precious metals is emptying dealer shelves across the region. "I haven't seen this (kind of) gold rush for over 20 years," says the head of the HK Gold & Silver Exchange, adding that old-timers haven't seen anything like this for 50 years. GLD +2%, SLV +1.4%. [View news story]
Are You A Scared Silver Investor? [View article]
As Avi so correctly pointed out a day or two ago, this is indeed a CONSPIRACY drummed up by our buddies at Golden Slacks and the crooks at JP Morgan. To top it all off, then they came out with their stupid long term predictions to back up their crook manipulating traders. They have been working up to this "climax" for several months, testing their computers and algorithms and then they "perfected" this severe downturn last Friday. They knew full well that all the stops would be hit and margin calls would happen, and the CASCADE happened. That is the BAD NEWS for NOW. The GOOD NEWS is that their PAPER TRADING must produce the gold and silver at some point, and when this happens, they will find out that there is just not much of the metal around at these prices to DELIVER the real thing. Then the s--t will hit the fan, and enjoy watching them scramble to cover their shorts. Don't know just when, but I think it will be sooner rather than later. So just be patient. Buy on the dips like this, and hold, and you will be just fine in the long run. Their manipulating works in the short run, but in the long run, it is a disaster. Water eventually seeks its level!!! That is why I NEVER use stops. This plays right into the crooks hands.
Are You A Scared Silver Investor? [View article]
To me, gold and silver are an INSURANCE POLICY. I don't think it is too wise for me to carry INSURANCE when I think I am going to suffer a disaster, and then CANCEL the INSURANCE when I see a period of "not getting hit" with one. I AM NOT THAT SMART! My buy and hold strategy has been very good to me (400% gains), and I love having the physical gold and silver eagles in my possession. Come hell or high water, they are REAL and very LIQUID. I do not intend to sell for a LONG, LONG TIME. And these severe corrections do not phase me one bit. I just buy more.
Are You A Scared Silver Investor? [View article]
Glad to hear that you have GREAT TIMING. CONGRATULATIONS!! And I mean it. However, this is not for me, since I tried this in the 90's, and I got my arshe handed to me. I am not a GOOD TIMER!!
Since I continue to accumulate silver and gold eagles (on the dips), which do have a nasty premium for going in and out, I just HOLD. Plus, silver eagles are bulky when you buy 2,000 at once. Like you need a mule!
Over time, and I do not mean a year. I have found this strategy to be pretty darn good. However, a good way to do this where you do not have to pay these steep in and out premiums is Central Fund of Canada (CEF). My mistake was not trading these CEF shares that I bought for $4 years ago when silver and gold hit their high water marks in 2012 or so. So your advice of trading when things get frothy on the high side is much appreciated. I will keep this in mind. I do not like the ETFs, and just do not trust them. CEF has at least 95% of their holding in actual gold and silver. I do not believe this is the case with the silver and gold ETFs. Maybe you can correct me on this. I do LOVE to have the eagles in my possession, and Jim Cramer agrees with this strategy. He is usually a pretty sharp dude.
Are You A Scared Silver Investor? [View article]
Are You A Scared Silver Investor? [View article]
Just buy and hold the REAL STUFF. All this trading going on now is PAPER trading done by the manipulators. It may go a little lower, but the time is getting SHORT for all the paper SHORTS out there. Nothing has changed fundamentally, and the Golden Slacks dudes are licking their chops with all their clever manipulation. So just buy and hold the REAL STUFF!! You will not be sorry soon. Just wait and see!!! And beware of the the paper ETFs. What happens when the silver has to be delivered?
Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%. [View news story]
THE REMEDY: Just buy the physical metal, like silver and gold eagles, and HOLD! HOLD! HOLD! Goldman and JP Morgan can minipulate until the cows come home, and it will have no effect in the longer term. And the longer term is what this is all about.
Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%. [View news story]