View Full Version : Long Position on Silver and Gold?
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Precious metals will suffer the same fate as Bitcoin for the same reason. If people aren't used to using it as currency, then it just becomes another futures commodity.
I doubt if the favorite commodity of trade between nations will suffer the fate of bitcoin.
Gold has thousands of years of use as a store of wealth and a means of exchange. Ask Isaac Newton.
I absolutely agree. I'm saying that if one wants to hold gold for value, the way to continue its value is to actually spend it. Everyone loves diamonds, but there is no secondary market. Gold has many markets and people should be reminded.
Jewelry is a good reminder. Most of Asia and India understands the concept.
Aloha_Shooter
02-18-2019, 17:34
There's a huge difference between precious metals and bitcoin. For one thing, silver and more especially gold have value beyond jewelry for their chemical properties. Even if someone comes up with a way to produce more ostenatious bling at a cheaper price, that bling will never replace the need for silver and gold in electronic applications.
I?m banking on the future of crypto?s. Well maybe not banking. More like speculating I guess. I do think the concept has a lot of promise. It?s actually implementing the concept that is going to be problematic I think. I?m sitting on what I have for the long run and we?ll see what happens.
BushMasterBoy
02-18-2019, 23:22
Gold silver ratio is what some investors look at. Buy silver to start, then when ratio is favorable trade silver for gold. Gold is the end game. Secret about gold, you have to have it to cover an astronaut face shield. It is also important in the building of spacecraft that can go faster than the speed of light.
77404
Buying one metal with the plan to sell or trade it for another metal will eat up your capital in fees.
If I had a dollar for every astronaut face shield could I buy a Glock?
Silver is heavy. Consider $15.000.00 of silver is more then you want to carry across a parking lot.
Aloha_Shooter
02-20-2019, 13:12
Silver is heavy. Consider $15.000.00 of silver is more then you want to carry across a parking lot.
True but you may have problems getting change for your 1 oz gold coin when the SHTF. Just as when I travel internationally, I want a mix of large bills and small bills so my travel wallet doesn't bulge but want to pay for a samosa or coffee with something smaller than a $50 bill ...
This thread just presented the same weird display issue as seen yesterday in PWT.
Thread shows new page (45), but clicking on new page brings one to the top of page 44.
All the threads have been doing it today. I think TheGinsue is having a smoke break.
Sallie and auto loan is new Fannie and Freddie.
At least no one is dumb enough to make student loan or auto loan backed securities.
Moreover, there are no insurance companies (AIG) writing default swaps.
Good to see the markets recover.
Got back a bit more than what I lost on the big dip. Amazing to see +100K in a quarter, but I lost 90K in the dip.
Sad to think I only gained 50K over a whole year (over what I put in).
Grant H.
03-29-2019, 20:57
I?m banking on the future of crypto?s. Well maybe not banking. More like speculating I guess. I do think the concept has a lot of promise. It?s actually implementing the concept that is going to be problematic I think. I?m sitting on what I have for the long run and we?ll see what happens.
I disagree...
Look at the 51% attack that Ethereum went through a couple months ago. That kind of vulnerability is exactly why blockchain and the whole crypto idea will never take over any real currency or market.
I've made a decent amount day trading the crypto's but after watching them all tank, every single one of them, for several weeks after a relatively benign 51% attack, I don't see a realistic future it...
ChickNorris
03-29-2019, 22:36
I disagree...
Look at the 51% attack that Ethereum went through a couple months ago. That kind of vulnerability is exactly why blockchain and the whole crypto idea will never take over any real currency or market.
I've made a decent amount day trading the crypto's but after watching them all tank, every single one of them, for several weeks after a relatively benign 51% attack, I don't see a realistic future it...
Um, for those who may read the above & immediately think cryptocurrency is block chain, it is NOT.
Bitcoin, Ethereum, Dogecoin, Litecoin, Monero & all the others are just using the block chain technology to prevent the double spend problem that is inherent in all public trustless digital transactions.
Ethereum's specific 'proof of work' algorithm was why the 51% was possible. 'Proof of stake' is more energy efficient which is what they are going towards which then should make it harder to usurp at the fork. Maybe.
On the flip side, the resources necessary to try the same attack on Bitcoin would be so cost prohibitive that only nation state actors could afford it & even then people would notice all the mining migration.
But I don't care about cryptocurrencies... I'm a nerdette who just likes the ledger which is why I chimed in to clarify. POIT
Great-Kazoo
03-30-2019, 08:24
Cash is King , along with PM's. if you can't hold or fold it. It's a number on a screen, anyone can disappear with.
I agree 100%. Now is a great time to buy WB!
For what it may be worth, I have been buying WB, JD, BABA, IQ, BILI, and EMQQ (an ETF, providing exposure to more tech companies in the emerging market sector) during this down turn and am loving it, despite being "down"... I believe it is a very good idea to buy and hold equities like these for a few years.
Just wanted to see who, if anyone took advantage?! It?s been fantastic since I made this comment in December. Hopefully someone here looked into these and rode the ride with me. (It?s not over, but you?d definitely be a little late at this point).
Grant H.
03-30-2019, 13:59
Um, for those who may read the above & immediately think cryptocurrency is block chain, it is NOT.
Bitcoin, Ethereum, Dogecoin, Litecoin, Monero & all the others are just using the block chain technology to prevent the double spend problem that is inherent in all public trustless digital transactions.
Ethereum's specific 'proof of work' algorithm was why the 51% was possible. 'Proof of stake' is more energy efficient which is what they are going towards which then should make it harder to usurp at the fork. Maybe.
On the flip side, the resources necessary to try the same attack on Bitcoin would be so cost prohibitive that only nation state actors could afford it & even then people would notice all the mining migration.
But I don't care about cryptocurrencies... I'm a nerdette who just likes the ledger which is why I chimed in to clarify. POIT
Fair.
My intent was not to make it sound like blockchain=crypto, but merely to point out that the vulnerability exists and was proven as existing with the Ethereum attack.
Not_A_Llama
04-03-2019, 00:03
Think it?s about time to pick up some more VIX calls for cash month contract. Theta decay?s gonna be brutal, but good multiplicative potential if we get another market pop down, which I think to be likely.
Very binary payout structure.
We need to get rid of some money maket accounts.
I have 3 mm accounts. 1 ROTH, 1IRA.
Wife had 2mm, 1 ROTH, and 1 IRA.
It is just too much login and outs. Too much apps (4 different financial institutes).
If we even add regular bank apps, we have about 6 apps just on bank/institutions.
Note: 15 years ago, companies were offering lots of freebies and discount upon opening new act with certain amount of $$.
Anyone know what’s up with gold the last week or so?
Spontaneous run up?
"They" are getting ready.
Let's review:
stock market-over priced
bond- too damn low % and about to get higher %. No good.
From low % avg joe are getting huge ass car/house/student loan thinking they are so rich by getting mil mortgage, 1/4m AstonMartin, 1/2m in mba/law/dental/med school. (it will slow down soon and it will be lower eps).
oil-sucks
too much inflation. I think worse than W and Obummer era. (as bad as higher tax rate)
tariff and quota bullshits.
Precious metal is one of the thing that was steady for years.
Anyone know what?s up with gold the last week or so?
Spontaneous run up?
I think some groups see alot of uncertainty in the fiat paper markets, ECB just said they'd continue stimulus / QE which lowers the value of fiat currency. OTOH is gold up b/c people are buying fiat gold or because they're actually buying and taking possession of the actual metal.
The other thing to consider is that these bankers, Iranians, and Sauds HATE President Trump because he cannot be bought like they bought the clintons, obamas, and bushes.
Draining the swamp means these groups will lose their substantial influence (meddling) over the US gov't.
Thanks for your thoughts guys. I was wondering if it was insurance policy buying because I couldn't find anything explaining this very well.
I don't watch it closely anymore either so I'm not that informed. I'm probably like a lot of people and bought my insurance in the Obama years so I don't think there's a lot of "little guy" (like me) buying.
Don't see silver moving much either which is more accessible to the little guys.
DOW is 26.5K.
Fed spending is out of control. Maybe more people are realizing we are flat broke?
The Fed kept its benchmark rate — which influences many consumer and business loans — in a range of 2.25% to 2.5%, where it's been since December.
https://www.thedenverchannel.com/news/national/fed-leaves-its-key-rate-unchanged-but-hints-of-future-cuts
Combined with...
https://www.foxnews.com/politics/deficits-exploding-and-neither-party-seems-to-care
Could explain why money is moving.
The Fed won't cut for the same political reason they gave Obama 0% rates. Debt service costs will increase as neither party has the ability to reign in spending which will eventually force their hand.
Checked some CD offerings this morning after posting. Not a lot of banks looking for capital. Rates are down and Fidelity gave me less than dozen options on the 1-year which is weird for them (it's usually pages).
Something is afoot!
Thanks for your thoughts guys. I was wondering if it was insurance policy buying because I couldn't find anything explaining this very well.
I don't watch it closely anymore either so I'm not that informed. I'm probably like a lot of people and bought my insurance in the Obama years so I don't think there's a lot of "little guy" (like me) buying.
Don't see silver moving much either which is more accessible to the little guys.
DOW is 26.5K.
Fed spending is out of control. Maybe more people are realizing we are flat broke?
https://www.thedenverchannel.com/news/national/fed-leaves-its-key-rate-unchanged-but-hints-of-future-cuts
Combined with...
https://www.foxnews.com/politics/deficits-exploding-and-neither-party-seems-to-care
Could explain why money is moving.
The Fed won't cut for the same political reason they gave Obama 0% rates. Debt service costs will increase as neither party has the ability to reign in spending which will eventually force their hand.
Checked some CD offerings this morning after posting. Not a lot of banks looking for capital. Rates are down and Fidelity gave me less than dozen options on the 1-year which is weird for them (it's usually pages).
Something is afoot!
Basically during to easy money w/low loan %, fixed income investors hands are tied to securities or other investments.
When inflation rate is greater than the interest paid to bond holder, it makes no sense to put $ on bonds.
Looks to be shift in investment.
This is why this bull market is the longest.
If interest rate goes back up to when 1999 were, there will be less loans, less buying cars and durables. That leads to lower earnings [per shares]. That will drive the market lower.
I do not think we will see rate like 99' but short terms should be at high 4 to 5ish.
Now if you also factor in the international finance, what I just wrote are dampened down a little.
Basically during to easy money w/low loan %, fixed income investors hands are tied to securities or other investments.
When inflation rate is greater than the interest paid to bond holder, it makes no sense to put $ on bonds.
Looks to be shift in investment.
This is why this bull market is the longest.
If interest rate goes back up to when 1999 were, there will be less loans, less buying cars and durables. That leads to lower earnings [per shares]. That will drive the market lower.
I do not think we will see rate like 99' but short terms should be at high 4 to 5ish.
Now if you also factor in the international finance, what I just wrote are dampened down a little.
I'm surprised it's close to 2.5%. IMHO, had Hillary won, we'd still have ~0% (give or take 25-50 bps).
There were very smart people predicting the economy could never be "normal" after the Obama years. I'm still not sure they weren't wrong. A lot of things are going to be tough in an adjustment period. Those low rates created asset bubbles and subsidized businesses/models that would have failed under market-based conditions.
5% Fed rate would wreck housing. The market would slow, prices soften, and we'd see massive sell off like 2007-08. You'd have the CA mindset of people "walking away" from underwater mortgages. Then the cascading waves of failures from increased inventory > foreclosures > falling prices > repeat.
I'm surprised it's close to 2.5%. IMHO, had Hillary won, we'd still have ~0% (give or take 25-50 bps).
There were very smart people predicting the economy could never be "normal" after the Obama years. I'm still not sure they weren't wrong. A lot of things are going to be tough in an adjustment period. Those low rates created asset bubbles and subsidized businesses/models that would have failed under market-based conditions.
5% Fed rate would wreck housing. The market would slow, prices soften, and we'd see massive sell off like 2007-08. You'd have the CA mindset of people "walking away" from underwater mortgages. Then the cascading waves of failures from increased inventory > foreclosures > falling prices > repeat.
I agree. High 4 and 5 will do that.
Biggest loser off of all this is retired with fixed income.
Their safer side of investment is yielding maybe 3% , but even cheap senior dinner buffet probably went up 5% ish.
I know a family friend who bought a house on year 1989 and their mortgage was at mid 10%. Yikes.
As for fun historical %
http://www.fedprimerate.com/mortgage_rates.htm
I think my parents mortgage rates in the early 80's were in the teens.
According to that chart (awesome link, thanks for posting!), I bought at a historic low point as far as interest rates and should stop patting myself on the back so hard.
I think my parents mortgage rates in the early 80's were in the teens.
According to that chart (awesome link, thanks for posting!), I bought at a historic low point as far as interest rates and should stop patting myself on the back so hard.
My parents closed on our Aurora house in '78 (I think) and got to pay rates like that too. It stalled the housing market for nearly 15 years. The amortization on those loans must have been insane.
I agree. High 4 and 5 will do that.
Biggest loser off of all this is retired with fixed income.
Their safer side of investment is yielding maybe 3% , but even cheap senior dinner buffet probably went up 5% ish.
[snip]
Yeah, I didn't even think of how bad it would suck to be retiring right now. I'd kill for 3% but my life doesn't depend on it.
BushMasterBoy
06-19-2019, 20:59
India is the world's largest buyer of gold. India's 6th largest city is just about out of water. I figure that they are buying more gold. Military industrial complex is gearing up for a confrontation in the middle east.
https://edition.cnn.com/2019/06/19/india/chennai-water-crisis-intl-hnk/index.html
India is the world's largest buyer of gold. India's 6th largest city is just about out of water. I figure that they are buying more gold. Military industrial complex is gearing up for a confrontation in the middle east.
https://edition.cnn.com/2019/06/19/india/chennai-water-crisis-intl-hnk/index.html
I used to spend hours reading pieces on supply/demand, trying to play the market, and it turned into a massive waste of time. The reason?
https://www.zerohedge.com/news/2015-04-24/rehypothecation-gold-and-why-it-matters
Basically, there is no way all the physical gold "pledged" and traded could ever be delivered. Yes the banks have participated in this scheme to manipulate pricing. This is why the "Glenn Beck bet" never paid off and many I previously disagreed with were right; the markets are 100% manipulated to make sure certain parties always win.
Set up this "rehypothecation" scheme in any other business, or as an avg Joe, and you'll be a felon.
Then there's GLD which I played around with for awhile because it trades like a stock and is easy to bounce in/out of...
https://www.forbes.com/sites/afontevecchia/2011/11/15/is-gld-really-as-good-as-gold/#5dcab71857c2
...backed by 40.8 million ounces of physical gold
Sounds cool right? An ETF based on physical holding, small management fee that is paid from said holdings.
But wait...
Even though GLD is “physically backed,” ordinary investors can’t just go to London and redeem their bullion. Only "authorized participants" are allowed to create or redeem shares. Authorized participants are registered broker-dealers or other securities market participants which have entered into agreements with the trustee and sponsor (these include major Wall Street names like Citi, Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Merrill Lynch-Bank of America, among others), allowing them to deposit either gold or shares in exchange for the other at unallocated accounts until the operation is completed.
Isn't that strange? The only people who can take delivery at the vault are the same people involved in the rehypothecation scheme. So I wasn't buying/holding gold, I was buying/holding a certificate that said I owned gold but could only be verified by the same brokers who could never satisfy delivery of the gold they claimed they held.
Sketchy AF.
In short, I don't think we know the actual physical holdings/supply on planet earth, and I don't think gold's market price is legit. I think we can know something about demand but that's only one side of the equation.
BushMasterBoy
06-20-2019, 10:45
I am just saying people in India buy "physical" gold. There are a billion folks in India. They buy gold and stash it, like you and I buy ammo and stash it.
I am just saying people in India buy "physical" gold. There are a billion folks in India. They buy gold and stash it, like you and I buy ammo and stash it.
I believe it. They even had a law that limited the amount a person could physically own in India but couldn't enforce it. They wanted capital in the banks, manipulated and moving (Keynesian) rather than stagnant in personal holdings.
China has demand and population too.
But what does that demand mean for the market when banks can "print" gold to hold down prices? I don't know.
https://www.kitco.com/LFgif/au3650nyb.gif
Prices are ~2010. How has this demand impacted a supply based market? Did the last nine years of inflation/asset bubbles not happen? Housing costs, consumer inflation, healthcare costs, higher ed costs, etc...
DOW was 10.7K at the start of 2010. So DOW moved 1.5x and gold is flat?
2+2=5
I don't know about $87K gold. And I don't know about most of what they are saying in this vid but they claim the June bump was a sign.
I think a massive debt default would mean significant unrest/violence and we probably won't care about the price of gold much.
Trump presiding over national bankruptcy makes sense (he is good at it! [LOL]). This would be yuge for the working class and would decimate the Left who could no longer finance vote buyer on our backs.
https://www.youtube.com/watch?v=VMCu9GWpgzg
https://www.youtube.com/watch?v=VMCu9GWpgzg
I don't know about $87K gold. And I don't know about most of what they are saying in this vid but they claim the June bump was a sign.
I think a massive debt default would mean significant unrest/violence and we probably won't care about the price of gold much.
Trump presiding over national bankruptcy makes sense (he is good at it! [LOL]). This would be yuge for the working class and would decimate the Left who could no longer finance vote buyer on our backs.
https://www.youtube.com/watch?v=VMCu9GWpgzg
https://www.youtube.com/watch?v=VMCu9GWpgzg
I don't know who the guy on the left is, but that other guy is Bob Newhart.
I was working for a gold mining company for about the first half of this year. India is buying gold primarily for jewelry. It's a status symbol which is a big deal in a caste social system.
Miners don't mine for volume (which would lead to lower prices). They focus on safety and efficiency. Reducing the $ cost per oz. provides the opportunity for a greater profit margin.
Better than Rhino horn I guess. Well, maybe.
We should all probably try to buy an oz of gold or two, annually. Most can’t, but I’m inclined to think it’s a good idea to hedge against fiat.... forget buying the gold or silver ETF’s unless it’s a volatility trade you’re just going to exit.
Kicking the debt can down the road
https://www.oann.com/sen-braun-opposes-budget-deal-says-americans-kicking-the-can-down-the-road-on-issue/
He pointed out that when families and businesses overspend, they make cuts to offset their expenditures.However, when the federal government overspends, they change the rules in order to spend more.
Braun essentially said the government merely kicks the can down the road and shifts the burden on to future generations.
This is the kinda thing that makes me want to stop my 401K contributions and buy silver and ammo instead. President Trump screwed up on this one, the gov't needs to cut back on spending, starting yesterday.
I said this since Greenspan IMF 90s era.
Lower interest made false sense that anyone can afford a 2million dollar house +Aston martins+ school loans+ lavishing shit.
What most economist and financial analyst is not predicting the market crash is that they are looking at the over priced or hyper inflated bubble.
This time, it will be a too low of an interest rate.
Another crash can come from Money Supply coming into US from foreign market.
Lower rate AND +dMS , you do the math.
When bank has too low of an reserve requirement relative to loans and %rate, it will catch up.
I am not a huge precious metal fan, but it might be not had a a thing to hedge now.
Begining of the year 2018 February ish to buy a customer spec semi truck from kenworth you would take delivery in September of 2019 (all fleets order large numbers of speced trucks at a time)
Right now if you ordered one you could order today and it would get built 3rd week of September and delivered 2nd week of October.
The pre downturn of 2008 experienced similar truck buying trends. With a corresponding increase in service work to try and extend the life of the 150k per truck expense of buying new. And we are seeing an uptick of non warranty work at the dealer level
I can't put together the reason for the change. Can you clarify?
Kicking the debt can down the road
https://www.oann.com/sen-braun-opposes-budget-deal-says-americans-kicking-the-can-down-the-road-on-issue/
This is the kinda thing that makes me want to stop my 401K contributions and buy silver and ammo instead. President Trump screwed up on this one, the gov't needs to cut back on spending, starting yesterday.
I did that a long time ago! I think 401Ks are risky at my age because of market + political changes. Anything you can't defend can be taken. Instead, I have been working on getting the house paid off early. Fixing our housing expense will be a huge win no matter what happens. If they want to take our home, they're going to need to send bachelors.
I used to be outraged over the national debt and then came to a realization: They can't stop spending because people will die. No one wants this political fallout. We can act like Conservatives and lose every election because we pushed grandma off a cliff or compromise and slow the decline. We have four+ generations of humans who have been born/bread to be net consumers on gov programs and barely behave as it is with full bellies and warm beds. Cutting it off would turn most American cities into the third world (some already are in some ways).
"Compassion" requires national suicide post-Johnson. And being principled isn't going to change that, only the cluebat. Which does nothing but take advantage of the American people's charitable nature (this is not charity or humanitarian).
So yeah, it's not going to stop. They are either going to kill the dollar and we go full Commie as people beg for needs/wants. Or they are going to have to attempt a strategic default and see if certain people make good on their "tanks on Main St" promise.
BushMasterBoy
07-25-2019, 11:34
Best investments I have made so far are the house & land, wood stove and swamp cooler. They have given me the best returns financially and pleasure physically. The PM's are just insurance and historically will keep up with inflation. All the other stuff is just too much work.
Great example from this morning...
House approves loan program for troubled pension plans
https://www.washingtonexaminer.com/policy/economy/house-approves-loan-program-for-troubled-pension-plans
The House voted 264-169 on Wednesday to pass legislation that would create a new Treasury Department agency to provide taxpayer-backed loans to endangered multiemployer pension plans and some other types of endangered plans.
[snip]
That there is a crisis with multiemployer pension plans that must be addressed is something about which all sides agree. The PBGC reported late last year that it had a $54 billion deficit in its multiemployer program and it is projected to run out in 2025. Nationwide, the plans are less than 50% funded, relative to their current liabilities and need $600 billion to cover them all, though a few seriously troubled plans such as the Teamsters’ Central States Fund throw off the average.
A total of 29 Republicans joined with Democrats to back the legislation. "These are ordinary, day-to-day Americans. The people we claim to represent," said Republican New York Rep. Peter King, urging his fellow Republicans to back the bill.
This is more money we don't have.
All while the markets are up! [LOL]
How long will it take for this new agency to eye private retirement plans as a solution to failing multi-employer pensions and Social Security? There is an estimated $5.6T in 401K accounts as of 2019Q01. Why not take that money now and guarantee a benefit later? It's not like we paid tax on it so it's not ours--I know that's not true it's what idiot mostly millennials will say who haven't saved a dime.
And isn't it cute that GOPers are voting to bail out union pensions!
there's been talk of tapping into 401 accounts for some time. It's too juicy for them to keep their dam! paws off of. It'll be interesting the day it happens because it's going to affect many more people negatively then it will positively.
I can't put together the reason for the change. Can you clarify?
If fewer companies are buying new trucks, it's an indicator that there's less demand to move stuff around the country.
Less demand to move stuff around the country translates to companies/people spending less money, possibly in anticipation of an economic downturn.
Also, if trucking companies are opting to engage in maintenance/refurbishment of current trucks that are nearing what would normally be their end of life, this also could be an indicator that the trucking companies are doing what they can to save money because at some level, it's cheaper to maintain a fleet of aging vehicles than it is to replace them with new trucks.
Great example from this morning...
House approves loan program for troubled pension plans
https://www.washingtonexaminer.com/policy/economy/house-approves-loan-program-for-troubled-pension-plans
This is more money we don't have.
All while the markets are up! [LOL]
How long will it take for this new agency to eye private retirement plans as a solution to failing multi-employer pensions and Social Security? There is an estimated $5.6T in 401K accounts as of 2019Q01. Why not take that money now and guarantee a benefit later? It's not like we paid tax on it so it's not ours--I know that's not true it's what idiot mostly millennials will say who haven't saved a dime.
And isn't it cute that GOPers are voting to bail out union pensions!
I saw that, I'm tired of bailing out banks, automakers, and other people who have mismanaged their businesses. I can mismanage my own money just fine on my own thank you very much.
BTW when do I get something for nothing? Rhetorical of course.
there's been talk of tapping into 401 accounts for some time. It's too juicy for them to keep their dam! paws off of. It'll be interesting the day it happens because it's going to affect many more people negatively then it will positively.
Yes, I've read that too, this might happen if the financial situation deteriorates to some level, I just don't know what level of deterioration we're talking about. Now if the national financial situation is bad, that means the 401Ks will be down too so there will be substantially less than $5.6T in value will be available to steal.
glocktoberfest
07-25-2019, 13:56
This is unbelievably bad. So offer huge pensions and benefits and spend money like there's no tomorrow, and now the govt gets to bail out those pension programs? this is complete bull. This better get shot down
Great example from this morning...
House approves loan program for troubled pension plans
https://www.washingtonexaminer.com/policy/economy/house-approves-loan-program-for-troubled-pension-plans
This is more money we don't have.
All while the markets are up! [LOL]
How long will it take for this new agency to eye private retirement plans as a solution to failing multi-employer pensions and Social Security? There is an estimated $5.6T in 401K accounts as of 2019Q01. Why not take that money now and guarantee a benefit later? It's not like we paid tax on it so it's not ours--I know that's not true it's what idiot mostly millennials will say who haven't saved a dime.
And isn't it cute that GOPers are voting to bail out union pensions!
If fewer companies are buying new trucks, it's an indicator that there's less demand to move stuff around the country.
Less demand to move stuff around the country translates to companies/people spending less money, possibly in anticipation of an economic downturn.
Also, if trucking companies are opting to engage in maintenance/refurbishment of current trucks that are nearing what would normally be their end of life, this also could be an indicator that the trucking companies are doing what they can to save money because at some level, it's cheaper to maintain a fleet of aging vehicles than it is to replace them with new trucks.
Thank you.
That's weird though, if the economy is booming why is there less movement of goods around the country?
Has railroads seen an uptick in business? According to this revenues and mileage have fallen - https://www.bts.gov/content/rail-profile (last data is from 2016)
More on railroads - https://www.freightwaves.com/news/railroad/is-rail-freight-volume-growing
Association of American Railroads costs money to see their data.
Are companies are building more local facilities so they don't need long-haul trucking? I don't know, just asking questions.
CobaltSkink
07-25-2019, 15:55
Now, that 401(k) money is ours. The government isn't going to steal it.
You know, consumers just aren't smart enough to manage it wisely.
So, the government is going to help consumers manage it properly.
Just like helping that sheep over the fence.
If fewer companies are buying new trucks, it's an indicator that there's less demand to move stuff around the country.
Less demand to move stuff around the country translates to companies/people spending less money, possibly in anticipation of an economic downturn.
Also, if trucking companies are opting to engage in maintenance/refurbishment of current trucks that are nearing what would normally be their end of life, this also could be an indicator that the trucking companies are doing what they can to save money because at some level, it's cheaper to maintain a fleet of aging vehicles than it is to replace them with new trucks.
I'm not sure that's correct. A crash usually happens suddenly and people buy and buy right up until that point, so it doesn't make sense that trucking companies don't have the demand in anticipation of a crash.
Now, that 401(k) money is ours. The government isn't going to steal it.
You know, consumers just aren't smart enough to manage it wisely.
So, the government is going to help consumers manage it properly.
Just like helping that sheep over the fence.
[Beer]
This is unbelievably bad. So offer huge pensions and benefits and spend money like there's no tomorrow, and now the govt gets to bail out those pension programs? this is complete bull. This better get shot down
It's only passed in the House and word is the Senate will kill it.
If for some reason the Senate GOPes, Trump isn't going to let them take $6T from the markets on his watch. Not necessarily because he cares about us, but because it would cause market turmoil that would jeopardize his reelection and legacy.
Teresa Ghilarducci, and a "working group" started shopping this idea around in 2008.
https://www.wsj.com/articles/SB122662401729126813
She called the 401(k) "a failed experiment." A McDermott spokesman called her proposals "intriguing" and "part of the discussion." Mr. Miller hasn't so far endorsed the plan.
The main liberal objection to 401(k)s seems to be that they let average Americans control their own investment decisions for retirement. As Shlomo Benartzi, a professor at UCLA's Anderson business school, told Mr. Miller's committee, "Individuals have a tendency to buy at the peak, and then panic when the markets drop and sell at the bottom." Better to have the government do this instead.
And private pension funds are underfunded. And public service pensions are underfunded. And Social Security is going broke in an era of un-checked deficit spending. But yes, these private accounts are huge problem! [ROFL2]
This lady hates private retirement savings with a passion that spans decades. It's irrational. I wonder if a 401K killed her puppy when she was a child?
And Dems love her.
https://www.usatoday.com/story/money/2015/03/16/ozy-teresa-ghilarducci-revamp-retirement-savings/24842705/
Senate Democrats have used Ghilarducci's proposals as a springboard for their own plans. "Every candidate will talk to a pension geek," she explains. And "that's me." It's been reported that she's among a group of economists advising all-but-announced presidential candidate Hillary Clinton. (Neither Ghilarducci nor Clinton staffers would confirm ? or deny.)
Which would give Ghilarducci, who is 57 with a pixie-like face and a high-energy manner, a broader platform for her controversial ideas than ever before. The daughter of a single welfare mom, Ghilarducci maintains a strong, if often unfashionable, faith in an active government and a strong safety net. How else could she have made it from a dusty California town to tenure at elite universities (first Notre Dame and now the New School, where she directs the Schwartz Center for Economic Policy Analysis) to the ear of the presumptive Democratic presidential nominee?
[snip]
She's been saying this for more than 20 years ? in 1993, when the vehicle was in its infancy, she wrote an op-ed headlined "Beware the 401(k)." To her labor-economist eye, the 401(k) wrongly shifts risk from the employer to the employee and offers no guaranteed payout.
It's probably accurate that people are bad at managing their own money, but the only entity that I can even imagine would be worse, would be government.
Looking at the price of copper shows me that the economy is dead. Nobody is bothering to steal copper wire at the current price.
Isn't the economy in pretty good shape right now? Aren't we at low unemployment?
I'm not arguing that a crash, correction, or down turn is not on the horizon. We pretty much have to be in good shape for a crash to be a crash though, right?
Subjective.
Retired fixed incomer are getting ~2% annual yield, whereas even McDonald cheeseburger* is rising at higher % rate.
Whoever is going to be next president with lower rate and print money fast will be a BETTER president to consumer lover. (Why save? you can borrow money for nearly FREE and buy myself a Aston Martin!)
Whoever president receive huge pile of money supply from global float+ no room to go any lower interest rate will be the WORST president.
Average joe consumes most of their income. They get into debt to buy cyclical, luxury, and necessities. Even people with 10 years of professional experience now can afford 750k house, 200k car on a loan.
At this economy, who can even actually [easily] buy a $50k vehicle without financing? Who can buy a 220k slum run down house with cash here?
Without a loan, most of us are all poor as hell.
When average age of population turns about 45+ , it will be worse. Look at Japan for an example.
At that time, we will have more incentive to have more kids or ease up immigration criteria. Someone have to make $ and pay taxes for baby boomer's retirement.... :D
I couldn't find mean/avg age, but found mean age
http://worldpopulationreview.com/countries/median-age/
BushMasterBoy
08-07-2019, 13:36
Silver above 17 and gold above 1500.
Silver above 17 and gold above 1500.
Wow, Brent oil is down almost $3, but WTI is up almost $2.
Checked again and silver is still over 17 and gold is just under 1500
Forget buying $1000 to 2500 van. I can get into very low interest rate and finance brand new or like new van/suv/truck.
LOL
Interesting read.
....as I was sayin'......
A Danish bank is offering mortgages with negative interest rates — why you shouldn’t wish for that to happen in the U.S.
https://www.marketwatch.com/amp/story/guid/99AC28EE-BAC5-11E9-8B73-AC386D0E83AE
BushMasterBoy
08-14-2019, 16:03
DJIA down 800 points. I know something was going on this AM as my internet connection was really slow. I wonder if internet traffic analytics can predict market fluctuation? I am sure there is a thesis in there somewheres...
Tomorrow's news:
Major US indicies up from discount buyers.
[ROFL1]
DJIA down 800 points. I know something was going on this AM as my internet connection was really slow. I wonder if internet traffic analytics can predict market fluctuation? I am sure there is a thesis in there somewheres...
The CIA has a investment arm.
The government has a plunge protection team to prop up the markets when things go south.
I'm pretty sure various free portfolio trackers such as SeekingAlpha, Motley Fool and the old free Yahoo portfolios were monitored for someone's gain.
Software driven trades have made billions for othes.
We have the best government money can buy.
I still have tubes of $6.65 silver rounds. Stuff is too heavy to climb over any wall with.
What is going on with Telsa? I don't think it is squeezing short[tards] reason alone.
580 to 960 in 4 trading days.
Tesla Fantard 1: Tesla Shortard 0
https://i.imgur.com/yz4QC9t.jpg?1
What is going on with Telsa? I don't think it is squeezing short[tards] reason alone.
580 to 960 in 4 trading days.
Tesla Fantard 1: Tesla Shortard 0
Dunno, I bought it at 208...
BushMasterBoy
02-04-2020, 17:11
UK is talking about banning gas & diesel cars. Could that be it?
March 2000. I will never forget.
.
.
.
.
.
.
.
Will be repeated soon.
"Quite the Bear"
https://youtu.be/3SNcdQryzDQ
What is going on with Telsa? I don't think it is squeezing short[tards] reason alone.
580 to 960 in 4 trading days.
Tesla Fantard 1: Tesla Shortard 0
https://i.imgur.com/yz4QC9t.jpg?1
Long story short, Tesla has cornered the market on EV development, manufacture, and sales.
They've been quietly buying up a lot of smaller companies in the battery and energy storage field, and have continually dumped R&D money into getting more juice for the buck, current stats are showing that Tesla is getting close or has already broken the ability to stick 400 miles of charge on their higher end models. Additionally, they also, supposedly, had a crazy high number of people who have put in reservations for the Cybertruck and have solid roadmaps for deployment of solar roof.
and have solid roadmaps for deployment of solar roof. wonder how big of a hail stone the solar roof can handle. Talk about expensive to replace. Probably not something I'll be signing up for any time soon.
Sucker rally?
"Remember my financial advisor at JP Morgan said to dollar cost average!"
^ [LOL]
wonder how big of a hail stone the solar roof can handle. Talk about expensive to replace. Probably not something I'll be signing up for any time soon.
I've been on thousands of roofs and solar panels are getting more and more common. I can count the amount of broken panels I've seen on my hands. That's panels total, not roofs with broken panels. That doesn't say anything about how well the solar roofs will hold up though, because I don't know anything about them, but I bet they will be substantially tough. The most basic solar panel is WAY more durable than even the most expensive roof material.
BushMasterBoy
03-02-2020, 22:31
peace & troop withdrawl in afghanistan. my understanding is this mountainous nation has large deposits of lithium. i'm gonna buy a corvette before they are outlawed...I almost bought a supercharged 610HP 7.0 vette this weekend, it lasted 18 hours at the dealer. Was delisted by Mon. AM...it was a $125K vette & they wanted $35k
Vix went up 40% today alone!
:)
Some analyst said it is panic selling.
NOT TRUE.
Many people are taking profit off of decade of bull market.
Maybe they wanna cash out some and buy a car/house/cyclicals?
Some might be just diversifying into precious or oil?
IMO, technical looks more bullish than what some analyst says, but fundamentally speaking, it should be bearish.
https://finance.yahoo.com/news/recent-rally-could-be-a-bear-market-trap-says-miller-tabak-strategist-184618023.html
Recent rally could be a 'bear market trap:' Miller Tabak strategist
Ines Ferr?Markets Reporter,
The recent rallies on the Dow (^DJI) and S&P 500 (^GSPC) have some investors wondering if the worst of the market declines amid the COVID-19 pandemic are over. The Dow, which rose more than 1100 points on Monday, is trading around 20% above its’ 52-week intraday low from March. The S&P 500 is up around 16% from its’ March 23rd low.
Yahoo Finance•April 6, 2020
Lots of paper money hit the street and the street bought stocks. Thats the same reason the market has gone up since the last crash. We don't call it inflation.
When the next stimulus hits the street the market will go up again. Your pay check and savings will be adversely effected again.
Interesting read
This Is A ?Suckers? Stock Market Rally
Chris Vermeulen
FX EmpireApril 15, 2020, 6:24 AM MDT
Everyone I know who is not involved in the stock market or has little knowledge about it is calling me and asking what stocks, indexes, and commodities to buy because everything is so cheap and dividends are juicy again.
https://finance.yahoo.com/news/suckers-stock-market-rally-122402728.html
“Sell In May and Go Away”
May settlement date 4/21.
I might adjust my entry pt after speaking to people who know more oil.
81046
Yes and now:
Crude Oil May 20 (CL=F)
NY Mercantile - NY Mercantile Delayed Price. Currency in USD
0.0500 -44.5100 (-243.62%)
As of 2:27PM EDT. Market open.
Okay, Since may20 closing time is couple hours away, let's focus on June and July Contract.
(btw, i am not going to talk about my detail hypothesis i was suppose to write, may20 is a bust and i was $ off a lot)
Biggest variable we need to fill to help out oil market (and make $ while at it).
1. When will governors of all 50 states get rid of stay home order and allow business to flow? (per state and per industries etc), so that we can find out the % of oil demand.
2. Would consumer and travel have confidence to travel back to what they use to do? (speculations and guess, only Cult leader will tell you the bogus numbers).
3. How many storage space is left?
4. We do know the supply side is somewhat fixed by "commitment of output."
I’m trickling into ERX as its down huge. It doesn’t have to get back to normal levels to make a little $ at this point.
1 & 2 - I think people will be rarin' to go once these stay-at-home orders end.
Some travel stocks are inexpensive right now, might be a good time to buy in.
3 - https://www.eia.gov/petroleum/supply/weekly/ they talk about crude oil stocks, meaning storage in this context (i think)
Interesting read.
https://www.forbes.com/sites/jimcollins/2020/04/20/the-us-oil-etf-uso-is-the-culprit-behind-oils-massive-plunge/amp/
Apr 20, 2020,11:13am EDT
The U.S. Oil ETF, USO, Is The Culprit Behind Oil?s Massive Plunge
Jim CollinsContributor
Markets
Watching the May contract for oil futures this morning, I was shocked at the amount of coverage given to ?oil?s plunge? Monday morning. That may be because I watch the May 2021 WTI futures contract, which has fallen $0.18 per barrel to $35.34 in early Monday trading, not the May 2020 contract which has fallen an astounding $7.42 (more than 40%) to $10.84 per barrel and drawn all the headlines.
.......
The solution here is for USO?s fund administrators to dissolve it, as happened with XIV. Those administrators made a minute change in the fund?s composition last week?shifting holdings to the second- and third-month contracts instead of fully rolling over from the front-month contract to the second-month contract two weeks prior to expiration??but that was merely the proverbial shifting of the deck chairs on the Titanic. USO has outlived its usefulness, if it ever had any.
There is a video here on tanker storage
https://www.bloomberg.com/quote/CL1:COM
I didn't watch it yet.
whitewalrus
04-21-2020, 09:22
I?m trickling into ERX as its down huge. It doesn?t have to get back to normal levels to make a little $ at this point.
Why not get into a non leveraged fund? You will pay for the leverage until the market goes back up. Leveraged funds are typically used for short term trades.
There is a video here on tanker storage
https://www.bloomberg.com/quote/CL1:COM
I didn't watch it yet.
Thanks. Also read seeking alpha with interesting article and storage as well.
Why not get into a non leveraged fund? You will pay for the leverage until the market goes back up. Leveraged funds are typically used for short term trades.
Yep, and it’s gone up 57.08% in the last month. I agree levered funds are best for a short term, tactical position for sure.
Yep, and it?s gone up 57.08% in the last month. I agree levered funds are best for a short term, tactical position for sure.
I accidentally forgot to dispose very small amount of DWT from many money market I opened for freebies. Had it for a while and it is not worth much (even when gas price went negative).
Yeah, as people said, those 2x 3x lev are for short run.
If I bought a regular inverse 1x, I would have made decent % by not disposing by an accident.
June Contract started trading!
Crude Oil Jun 20 (CL=F)
NY Mercantile - NY Mercantile Delayed Price. Currency in USD
10.57 -1.00 (-8.64%)
As of 12:17AM EDT. Market open.
Okay, June's Settlement date is 5/19. Supply* is given now. If demand isn't there, we might see another same/similar (but less crazy) stuff happening on 5/17-5/19.
* we know the estimate cuts (change in output, output, and storage, etc)
Although oil etf are up, I am totally unhappy with their performance. I am taking all the risk for little %.
I am going to find a better etf than USO/USL /DBO etc.
Worst freaking case, I am opening a commodity account.
Oil and copper were both down and hurting prior to COVID19. Both are basic building blocks of a a solid global economy. Check the BALTIC index past freight prices for what the economy was prior to the virus.
COVID19 was a head shot after a double tap to the body. Recall the trade war, tariffs and various currency issues?
Oil is on the way up.
WTI on the $32 handle, Brent on the $35 handle.
Yup. Tomorrow would be the last day of June contract. Tomorrow would be very interesting. My guess is it has a higher probability of being lower.
I was about to hold uso for a year.
I was expecting 100 to 180% in 12mo, but going to take the $$ and run.
MARKET PULSE
USO says it may have to hold larger amounts of Treasurys and cash
By Steve Goldstein
Published: May 26, 2020 6:24 am ET
https://www.marketwatch.com/amp/story/guid/DBBE053C-D409-4AC8-9826-9107729667CA
Oil is in the mid-30s right now.
Fentonite
05-29-2020, 18:10
I’m bummed but the premium-over-spot on silver and gold right now. Spot is up a bit on both, but premium is stupid on anything available (and there’s a lot that isn’t available).
BladesNBarrels
05-30-2020, 09:32
Oil is in the mid-30s right now.
If only I had a place to store it.
The New York Times reported Thursday that oil tankers are in high demand:
Rates to store oil were around $25,000 in February, and have ballooned to roughly $200,000 a day.
Comedy of the day.....
Drilling Executive: Oil Prices Could Hit $70 This Fall
By Tsvetana Paraskova - Jun 05, 2020, 11:00 AM CDT
https://oilprice.com/Energy/Oil-Prices/Drilling-Executive-Oil-Prices-Could-Hit-70-This-Fall.html
fitterjohn
06-11-2020, 16:53
If only I had a place to store it.
The New York Times reported Thursday that oil tankers are in high demand:
Rates to store oil were around $25,000 in February, and have ballooned to roughly $200,000 a day.
That’s exactly how it got to be a negative price per barrel
Unbelievable.....
First ,margin account rep or option rep would have [ almost] never let s person stack up that much losses without cover. I knew the story is either off or it must been some kind of mistake.
https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance/amp/
...........
?Tragically, I don?t even think he made that big of a mistake. This is an interface issue, they have slick interfaces. Confetti popping everywhere,? says Brewster referring to the shower of colorful confetti Robinhood routinely deploys after customers make trades. ?They try to gamify trading and couch it as investment.?
WTI and Brent oil are over $40 a bbl.
More stupidity that will do nothing except deprive people of choices.
https://seekingalpha.com/news/3584620-johnson-johnson-drops-skin-whitening-creams-amid-environment-over-race-issues
Responding to the current global debate over racial inequality, Johnson & Johnson (JNJ (https://seekingalpha.com/symbol/JNJ) +0.5%) has decided to stop selling (https://www.reuters.com/article/us-johnson-johnson-whitening-idUSKBN23Q2BZ?taid=5eecdea8b353e8000115378f&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter) its skin-whitening creams used primarily by women in the Middle East and Asia.
Morons...one and all.
Great-Kazoo
06-19-2020, 11:18
More stupidity that will do nothing except deprive people of choices.
https://seekingalpha.com/news/3584620-johnson-johnson-drops-skin-whitening-creams-amid-environment-over-race-issues
Morons...one and all.
is anyone in those areas protesting over the skin cream? of course not. BUT...sjw's are not done erasing history, or anything deemed un-pc by a faceless mob
Oil contract has been awesome since 14ish/barrel, but oil etf is only up about 40 to 45% since mid may.
kidicarus13
06-19-2020, 16:45
And Sammie Sosahttps://uploads.tapatalk-cdn.com/20200619/0429872a0355837e335193bca6c9f0d8.jpg
Bailey Guns
06-19-2020, 16:53
He's working on being eligible for some of that "White Priviledge".
UncleDave
06-19-2020, 17:03
I hate it when sports figure go negative! [ROFL1]
And Sammie Sosahttps://uploads.tapatalk-cdn.com/20200619/0429872a0355837e335193bca6c9f0d8.jpg
Baseball (especially CUBS fan) wishes it is the white cream that causes it.
Sadly it is side effect of performance enhancing drug.
https://www.drugabuse.gov/publications/research-reports/steroids-other-appearance-performance-enhancing-drugs-apeds/what-are-side-effects-anabolic-steroid-misuse
Edit for quote added
Skin
Steroid misuse can cause acne,70–72 hair loss on the head, cysts, and oily hair and skin.65 Users who inject steroids may also develop pain and abscess formation at injection sites.73
Anabolic steroids can also produce jaundice, or yellowing of the skin or eyes, as a result of damage to the liver.74,75
I hate it when sports figure go negative! [ROFL1]
LOL
I will be most likely cashing out this week. I got in near $2.62-2.65 blocks. (pre 8:1 price). Pay the damn tax 2021 and run.
Just got back from recycling some cans. If anyone didn't already know, aluminum prices are way down. After a .07 cent bonus, we only got .29 cents a pound. I feel like this time last year we were getting something like .50 cents a pound, which is consistent with what they were telling me the prices were last year. Anyway, just a PSA.
Good to know.
I use to recycle cans in CA due to the CRV.
OR back in the day was $.10 per can or bottle (may still be that way or more). They were a lot harder to find back then.
That will in increase many homeless (or some wealthy folks who does that in the morning as an exercise) to become motivated to recycle. :)
Yeah, I recycled cans when I lived in San Antonio, TX. Was hardly worth the effort. Was much more efficient in OR, but people didn't throw them everywhere. Back in the '80s it was a shock when you saw the total price at the register on a new 12 pack.
Gold is up over $1800 an ounce.
Imo gold should be around that level to 2100ish relative to all the damn debt and money printed out.
I blame it on Nixon. <--- funny but true.
.10 a can would be nice from the recycling side, but I imagine it'd make drink prices go up even more.
This is what 205 lbs of crushed cans looks like (except for the three trash bags). That would have paid over $650 instead of the $59 I got.
https://lh3.googleusercontent.com/pw/ACtC-3coT3vO6RfeWkLj5CxXvhJJ5-CfrbbU1APekFhZfIxD13XdNGTYKjz8HqS30VyYFMNbIhmeQS1s G5XkvKnAoqz7mgdAHvZgbfvbdeoss2egYGiZDGZDZjStnsHE1p WAtszIBGN8jbkZQfg_e6xVLj1Wog=w1366-h405-no?authuser=0
Imo gold should be around that level to 2100ish relative to all the damn debt and money printed out.
I blame it on Nixon. <--- funny but true.
True, should have never uncoupled gold from the dollar.
Gold is still over $1800
Surprise!!!
Silver is over $21, haven't seen that for a few years.
Speaking of excessive money supply and consumer debt...
National debt by presidents.
Whoever next president will be worse. That is how trend is going.
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
Speaking of excessive money supply and consumer debt...
National debt by presidents.
Whoever next president will be worse. That is how trend is going.
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
Buying votes.
Silver is over $22 today, will gold hit $1900 this month.
Oil is steady, 42 WTI and 44 Brent.
Buying votes.
Silver is over $22 today, will gold hit $1900 this month.
Oil is steady, 42 WTI and 44 Brent.
Right now gold and silver might not look as attractive as some stocks. When stock market gets a huge correction, many will lose $$ and run to precious metals. That will drive the gold and silver price much higher.
It happened before, and 2007-8 was the best example.
Right now gold and silver might not look as attractive as some stocks. When stock market gets a huge correction, many will lose $$ and run to precious metals. That will drive the gold and silver price much higher.
It happened before, and 2007-8 was the best example.
I like history, thanks!
beast556
07-24-2020, 21:44
Gold broke 1900$ today, wonder how long till it is 2000+ an oz.
BushMasterBoy
07-24-2020, 22:06
Gold broke 1900$ today, wonder how long till it is 2000+ an oz.
Until the second wave of COVID-19 Pandemic. Percentage wise silver is the real gainer recently, with a 30% gain in a week.
beast556
07-24-2020, 23:19
Until the second wave of COVID-19 Pandemic. Percentage wise silver is the real gainer recently, with a 30% gain in a week.
Yea, I have a feeling were gonna be seeing 30$+ an oz of silversoon.
BushMasterBoy
07-30-2020, 18:02
America took in 170 tons of gold a few days ago. Below is the chart for comparison.
https://www.zerohedge.com/s3/files/inline-images/5f17fdef5b55297e76387a2b_CMEStockDeliveryAU.png?it ok=N8C7UStL
https://www.reuters.com/investigates/special-report/gold-africa-smuggling/
There is a lot more gold on the market than people know.
Gold is over $2000 and silver is over $27. Oil is up a little today too.
beast556
08-05-2020, 09:44
Gold is over $2000 and silver is over $27. Oil is up a little today too.
Saw that this moring, things are gonna get interesting in the very near future.
Gold is over $2000 and silver is over $27. Oil is up a little today too.
We were talking about $2100 2 weeks ago. It is getting there. :)
Just on speculation only at this time, my guess is nat gas might be a good speculation this winter. Gonna do hw.
We were talking about $2100 2 weeks ago. It is getting there. :)
Just on speculation only at this time, my guess is nat gas might be a good speculation this winter. Gonna do hw.
Yes, gold right now is $2043, it was $2055 earlier today.
Sunspot activity is just a little more than last year which was really low, might be a colder than normal winter.
I sold my SLV holding too early :( but have been buying more VOC as it continues dropping - a solid dividend ETF for oil/ng.
This winter should produce a lot more NG consumption for sure, not too terrible a speculation in my opinion. I believe more gas/diesel consumption will occur as this fall approaches also.
I have a feeling were gonna be seeing 30$+ an oz of silversoon. At that price I am going to be very tempted to sell my bullion, but I also read that some are predicting silver to hit $50, if Biden wins. I hope the latter of two doesn't happen but if I sell now and silver makes it to $50/oz, I'll be kicking myself in the pants.
At that price I am going to be very tempted to sell my bullion, but I also read that some are predicting silver to hit $50, if Biden wins. I hope the latter of two doesn't happen but if I sell now and silver makes it to $50/oz, I'll be kicking myself in the pants.
I'd hold. Then again, I don't approach silver as an investment in the traditional sense. I am looking at it solely as a mechanism for black market purchase/trade in the event of a complete or near complete social collapse.
I'd hold. Then again, I don't approach silver as an investment in the traditional sense. I am looking at it solely as a mechanism for black market purchase/trade in the event of a complete or near complete social collapse.
I have a similar mindset but not so much “black market” as a hedge against the dollar collapsing. I think that’s a huge part of what we are witnessing driving PM’s higher. Stocks too, in fact. Folks know that these wild trillions being given away are diluting the dollar further....
Silver and gold falling in the last couple of days. Oil is up a little bit.
It is too obvious to post, but here it is.
Billionaire investor Jeffrey Gundlach predicts gold prices will 'go much higher' in the long-term
Julia La Roche
Julia La Roche
August 12, 2020, 7:45 am
https://finance.yahoo.com/amphtml/news/jeffrey-gundlach-outlook-on-gold-134509885.html
Yup, the feds keep adding to the debt, making fiat even more worthless. This is something both parties LOVE to do because it doesn't cost much in the short-term, and they're just like most Americans, short-term thinkers, that is if they think at all.
When people stop accepting fiat (HIGHLY unlikely), watch out.
Another fun article to read.
https://www.kitco.com/news/2020-08-12/-Last-great-buying-opportunity-Gold-price-can-dip-below-1-700-this-year-before-resuming-its-path-towards-15K-Goehring-Rozencwajg-Associates.html
'Last great buying opportunity': Gold price can dip below $1,700 this year before resuming its path towards $15K - Goehring & Rozencwajg Associates
Anna Golubova Anna Golubova
Wednesday August 12, 2020 17:31
?The gold price is going to be lower at the end of the year than it is today ? This would be a tremendous buying opportunity because I'm a firm believer that the next leg is going to be driven not by COVID-19 fears but by inflationary problems,? Goehring said. ?So, wait for the next several months, use any weakness you see in this pullback to accumulate.?
In terms of how high the next rally will take us? Goehring projects for gold to climb as high as $15,000 an ounce by the end of this decade.
?Based on our research, gold often trades at a certain relative size to the Federal Reserve?s balance sheet. Using this type of analysis ? the amount of gold outstanding, specifically how much gold the U.S. government holds, relative to the size of Federal Reserve?s balance sheet, you can get anywhere between $10,000-$20,000,? Goehring explained. ?Our target is between $10,000-$15,000. That will happen at the end part of this coming decade ? 2027-28.?
So, I guess what this guy is saying is that there will be a tiny correction to 1700s, and goes upto 10k to 15k around 2027 annd 28.
If fed infuse more $$ into the economy at a faster rate, who knows it might even go higher.
Chuck Schwab commercial during tech bubble around 2001 was saying "relax"
I agree. Market will increase little higher for sucker rally.
Grant H.
09-10-2020, 17:58
Older news now, and I know it's not actual metal in hand, but given his usual negative attitude toward anything gold related, it's interesting to see Buffet/Berkshire Hathaway buying Barrick Gold stock after dumping more traditional stocks (airlines etc) in April. https://www.marketwatch.com/story/warren-buffett-undergoes-a-conversion-on-gold-should-you-follow-him-2020-08-17
The financial situation in the US, really the world, sucks, and I don't see it getting better before it gets noticeably worse.
Yes sir.
I am more stock/option guy than a previous metal or commodities. (From past).
This year had been all commodities and metals.
I just do not see a discount valuation on stock and most are over priced relative to top/bottom, regardless of there is mother of all bubble burst or not.
Firehaus
10-10-2020, 20:31
Is all Silver going up or just the uncirculated eagles?
https://www.federalregister.gov/documents/2020/10/08/2020-22458/establish-price-increases-for-2020-united-states-mint-silver-numismatic-products
https://mobile.twitter.com/usmint/status/1314198133342113797
Sent from my iPhone using Tapatalk
Grant H.
10-10-2020, 20:38
Silver spot is going back up again.
Closed up almost $1.50 yesterday.
Ovious
Sturm Ruger stock rises as unrest drives sales
Published: Oct. 28, 2020 at 5:30 p.m. ET
By Wallace Witkowski
0https://www.marketwatch.com/amp/story/sturm-ruger-stock-rises-as-unrest-drives-sales-11603920610
RGR - Sturm, Ruger & Company, Inc.
NYSE - Nasdaq Real Time Price. Currency in USD
66.19
+0.71 (+1.08%)As of 12:37PM EDT. Market open.
If Ruger stock is going up shouldn't we be finding ways to profit from the aftermarket suppliers who make upgraded parts?
Many already speculated RGR earnings going to be great.
It was very small gain. I am sure people who bought option anticipating a huge 10% gain probably will be totally out of money on calls.
As for question above. Does any publically traded company makes aftermarket parts for RGR?
Ummmmm. Acquiring company stocks mostly decline due to dilute or cash position?
However I am not fan of top golf. For that money, I can play real golf and eat at a club house twice.
Callaway Golf plunges following Topgolf merger
October 28, 2020, 2:00 pm
https://finance.yahoo.com/amphtml/video/callaway-golf-plunges-following-topgolf-200055656.html
probably just a one day bump, BUT DOW up over 1700 for the day, holy mother of day bumps!!! Simply on the announcement of a possible covid treatment....
Aloha_Shooter
11-09-2020, 14:03
probably just a one day bump, BUT DOW up over 1700 for the day, holy mother of day bumps!!! Simply on the announcement of a possible covid treatment....
Not simply. A 90% effective vaccine is tremendous toward resuming normal social and economic behavior. Of course, the Dems will take credit for it (assuming they are successful in stealing the election but I just don't see any way to combat their ballot harvesting after the fact) but the realities are that the virus is real, the long-term viral impacts on health are still being discerned, and societies worldwide need to resume normal social patterns of behavior. It has impacted virtually every industry with the possible exception of jobs paid by guaranteed government funding. If the effectiveness of the vaccine is proven real, it will go a long way toward restoring the economy nationwide, nay, worldwide.
BladesNBarrels
11-09-2020, 17:55
Travel industry saw a great bump this morning.
Cruise lines were winners.
Wow, i was totally wrong on the market behavior. I was expecting declining in the market, but it rose after becoming elect.
Maybe wall street and large cap loves more regulations, so that there are less competitors. In theory, internet and app stock should got hit hard.
Wow, i was totally wrong on the market behavior. I was expecting declining in the market, but it rose after becoming elect.
Maybe wall street and large cap loves more regulations, so that there are less competitors. In theory, internet and app stock should got hit hard.
I think Wall Street might be looking forward to the next round of Quantitative Easing under a Harris presidency.
BladesNBarrels
11-10-2020, 09:35
Interesting timing of the announcement by Pfizer.
Just sayin'
I think Wall Street might be looking forward to the next round of Quantitative Easing under a Harris presidency.
That will trigger another QE "competition" with China. After 2050, we literally have to carry either silver/gold or NEW issued currency.
My guess (after qe war) is New issued currency will have Washington on $100 bill and Franklin in $100,000 bill.
Aloha_Shooter
11-10-2020, 13:26
Wow, i was totally wrong on the market behavior. I was expecting declining in the market, but it rose after becoming elect.
Maybe wall street and large cap loves more regulations, so that there are less competitors. In theory, internet and app stock should got hit hard.
You should have expected a general rise based on the announcement of the general effectiveness of Pfizer's vaccine because it's a signal of being able to establish normal social and economic behaviors -- especially with respect to things like travel and dining. In addition, Wall Street, large caps, and government processes like stability.
Some of us have felt governments have long needed a hard and severe shake-up -- which Trump has provided -- but the aforementioned institutions HATE that kind of "creative chaos" so they welcome the prospect of a return to predictable (albeit Socialist-oriented) government. We hate the Socialist trend because it shows the destruction of the democratic capitalist environment that really built Western society but that's looking long term, over the course of decades and centuries while the aforementioned institutions are looking at quarters or years.
I don't know why you expected internet stocks to get hit hard. The pandemic has shown a greater reliance on internet services as people were less able to interact in person and as in-person entertainment has dropped off. Even if there is light at the end of the tunnel to resume travel, dining, in-person meetings, etc., internet services expanded during the pandemic are showing cost benefits to reduce business travel, increase direct-to-consumer streaming instead of theaters for movies, etc.
BushMasterBoy
11-10-2020, 13:54
The real credit should go to Oxford University research teams. Wall Street destroys people for money.
You should have expected a general rise based on the announcement of the general effectiveness of Pfizer's vaccine because it's a signal of being able to establish normal social and economic behaviors -- especially with respect to things like travel and dining. In addition, Wall Street, large caps, and government processes like stability.
Some of us have felt governments have long needed a hard and severe shake-up -- which Trump has provided -- but the aforementioned institutions HATE that kind of "creative chaos" so they welcome the prospect of a return to predictable (albeit Socialist-oriented) government. We hate the Socialist trend because it shows the destruction of the democratic capitalist environment that really built Western society but that's looking long term, over the course of decades and centuries while the aforementioned institutions are looking at quarters or years.
I don't know why you expected internet stocks to get hit hard. The pandemic has shown a greater reliance on internet services as people were less able to interact in person and as in-person entertainment has dropped off. Even if there is light at the end of the tunnel to resume travel, dining, in-person meetings, etc., internet services expanded during the pandemic are showing cost benefits to reduce business travel, increase direct-to-consumer streaming instead of theaters for movies, etc.
Yeah. Prediction was prior to Pfizer's announcement if you see the election thread early.
I assume govt will have more regulations on internet companies. Maybe it was insignificant on short run.
Aloha_Shooter
11-10-2020, 16:49
I think if Trump is successful in his challenges and wins, there will be significant relook at the 230 protections enjoyed by FB, Twitter, YouTube, etc. but the Dems will do everything they can to protect Big Tech because of what it has enabled them to do in controlling the message, shifting culture and opinions, etc. Expect internet companies to be the only ones deregulated if the Dems get ultimate power again.
I bought more NEM and a couple Buffaloes.
Google CIA investments and research the CIA's internal US propaganda. DOD involvement in media productions.
Now who controls the media?
Precious metal investors may have migrated to cryptos.
I would like to see how this goes.
I am starting to believe Powell is worse than Yellen, Allen, and Bernanke. More $$ into economy. What the hell is wrong with these people.....
Fed commits to keep buying bonds until the economy gets back to full employment
PUBLISHED WED, DEC 16 2020 2:00 PM EST
UPDATED WED, DEC 16 2020 3:38 PM EST
https://www.cnbc.com/amp/2020/12/16/fed-decision-december-2020-fed-commits-to-keep-buying-bonds-until-the-economy-gets-back-to-full-employment.html
https://i0.wp.com/wilderwealthywise.com/wp-content/uploads/2020/12/BANKBOOK.jpg?w=500&ssl=1
BushMasterBoy
12-20-2020, 19:27
Like a rocket!
84309
Well, stimulus just passed, so I think BUTTCoins, CRIPtocurrency, gold, silver should theoretically increase, but I think CRIPTOcurrency, and BUTTcoins price area already baked into it.
Never chase 52wk high.
BushMasterBoy
12-20-2020, 23:58
I saw the silver rise due to the hack of US Gov financials data. The reserve currency is still precious metals. 10 lbs of rhodium would be nice to have.
During my undergrad years, my company sent us to Grant Cardone (he calls it ,Car Done!) Training.
Great class and learned a lot. Fast talker will benefit fro his class for sure, but concept was enough to close sales more efficiently.
I don't know about his economic skills, but he makes good common sense ststement.
Middle-class homeowners will get 'priced out permanently': real estate investor Grant Cardone
Melody Hahm
Melody Hahm
January 8, 2021, 2:14 pm
https://finance.yahoo.com/amphtml/news/housing-real-estate-market-prices-grant-cardone-undercover-billionaire-211441245.html
BushMasterBoy
01-09-2021, 17:20
Miami is sinking though. Or the water level is rising. Probably OK if you are a billionaire.
https://www.npr.org/2019/03/31/706940085/building-for-an-uncertain-future-miami-residents-adapt-to-the-changing-climate
Miami is sinking though. Or the water level is rising. Probably OK if you are a billionaire.
https://www.npr.org/2019/03/31/706940085/building-for-an-uncertain-future-miami-residents-adapt-to-the-changing-climate
Or own property on high ground.
I am getting rubbed in from some1st year investors that they got into bitcoin at 6000.
Um. Didn't some of members here got in to bitcoin at under 80?
BushMasterBoy
01-10-2021, 18:12
I remember bit coin at 25 cents. I also remember some investors being hacked and losing it all. Can you own bit coin without the NSA knowing?
I am getting rubbed in from some1st year investors that they got into bitcoin at 6000.
Um. Didn't some of members here got in to bitcoin at under 80?
Under $12.
I am getting rubbed in from some1st year investors that they got into bitcoin at 6000.
Um. Didn't some of members here got in to bitcoin at under 80?
I thought about getting in at around $80. Dumbass.
Under $12.
[not-worthy]
You got in before Winklevoss twins got in. They got in at 120.
https://www.theverge.com/2017/12/4/16732952/winklevoss-twins-bitcoin-billionaires-surge
Bitcoin nightmare
Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes
Bitcoin owners are getting rich because the cryptocurrency has soared. But what happens when you can?t tap that wealth because you forgot the password to your digital wallet?
Nathaniel Popper
By Nathaniel Popper
Jan. 12, 2021
https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html?utm_source=pocket-newtab
Grant H.
01-13-2021, 23:23
Bitcoin nightmare
A couple buddies of mine built a mining rig years ago when it was still relatively attainable, and had actually accumulated several bitcoins...
However, being young and dumb, they managed to lock themselves out quite thoroughly, and can't get back in. They are actually trying to get the old cell phone number back that is required to 2 factor authenticate themselves back into the account...
I may be in the minority here, but I view cryptos in the same light as stocks, fiat currencies, and all the other monetary vehicles that carry no intrinsic value. Fine for temporary financial endeavors, but not long term solutions.
A couple buddies of mine built a mining rig years ago when it was still relatively attainable, and had actually accumulated several bitcoins...
However, being young and dumb, they managed to lock themselves out quite thoroughly, and can't get back in. They are actually trying to get the old cell phone number back that is required to 2 factor authenticate themselves back into the account...
I may be in the minority here, but I view cryptos in the same light as stocks, fiat currencies, and all the other monetary vehicles that carry no intrinsic value. Fine for temporary financial endeavors, but not long term solutions.
Correct.
If a person cannot take physical possession of an item, they do not own it.
I participate in a 401K that a Wall Street firm owns, I just get to look at it and manipulate it. Theoretically I'll be able to draw on it in the future. There is an excellent chance the incoming administration might take a portion or all of it, they just stole 2 elections, what's to stop them from stealing my 401K.
I'll LOL while people tell me "that won't happen because it hasn't happened in the past".
Great-Kazoo
01-14-2021, 08:13
A couple buddies of mine built a mining rig years ago when it was still relatively attainable, and had actually accumulated several bitcoins...
However, being young and dumb, they managed to lock themselves out quite thoroughly, and can't get back in. They are actually trying to get the old cell phone number back that is required to 2 factor authenticate themselves back into the account...
I may be in the minority here, but I view cryptos in the same light as stocks, fiat currencies, and all the other monetary vehicles that carry no intrinsic value. Fine for temporary financial endeavors, but not long term solutions.
Correct.
If a person cannot take physical possession of an item, they do not own it.
I participate in a 401K that a Wall Street firm owns, I just get to look at it and manipulate it. Theoretically I'll be able to draw on it in the future. There is an excellent chance the incoming administration might take a portion or all of it, they just stole 2 elections, what's to stop them from stealing my 401K.
I'll LOL while people tell me "that won't happen because it hasn't happened in the past".
If one can be cancelled from the internet for an opposing thought, or ideology . Imagine the control a few have over millions of dollars of "internet" money. Click and it's gone.
If qwest employees lost millions in retirement due to 1 or 2 people . Think of the worldwide ramifications, of an unknown entity holding that.
I participate in a 401K that a Wall Street firm owns, I just get to look at it and manipulate it. Theoretically I'll be able to draw on it in the future. There is an excellent chance the incoming administration might take a portion or all of it, they just stole 2 elections, what's to stop them from stealing my 401K.
I'll LOL while people tell me "that won't happen because it hasn't happened in the past". If you truly believe that there is an "excellent chance" of the incoming admin. of stealing your, and everyone else's 401K, why wouldn't you pull out now. Why risk it?
Personally, I guess I am in the group that you will LOL at. Because I just don't see it happening. I mean come on, talk about pissing people off, lots and lots of people. It seems to me that it would be political suicide for any politician, Dem or Repub. to try to do it.
tric3imagery
01-14-2021, 09:06
If you truly believe that there is an "excellent chance" of the incoming admin. of stealing your, and everyone else's 401K, why wouldn't you pull out now. Why risk it?
Personally, I guess I am in the group that you will LOL at. Because I just don't see it happening. I mean come on, talk about pissing people off, lots and lots of people. It seems to me that it would be political suicide for any politician, Dem or Repub. to try to do it.Your probably right, What Democrats will do is make it very painful whenever you decide you want to cash out. Plus Taxable deductions would dwindle, if they have their way, they'll resort to double taxation , of course why not tax three times, Gold is to protect against a failed Currency, Democrats being fiscally responsible won't spend us to ruin after all how many wealthy Democratic controlled cities are there, Zero. Yes Fun times a head.
Sent from my SM-G955U using Tapatalk
If you truly believe that there is an "excellent chance" of the incoming admin. of stealing your, and everyone else's 401K, why wouldn't you pull out now. Why risk it?
Personally, I guess I am in the group that you will LOL at. Because I just don't see it happening. I mean come on, talk about pissing people off, lots and lots of people. It seems to me that it would be political suicide for any politician, Dem or Repub. to try to do it.
I see the incoming group as a completely different animal than the obama group. First of all they're controlled by the ChiComs and the ChiComs are moving globally to strengthen their international positions, controlling the USA is key to that endeavor. Secondly many people are under the mistaken impression that they care if we're pissed off. The ChiComs and democrats know that no American will do anything, Americans have been quietly putting up with the march towards communism for decades, Americans ain't gonna do shit except bitch about it.
so again, why are you risking it, losing your 401K investments? Why not get out while the getting is good?
IDK the future, any better then the next guy. I'm hanging my hat on what the financial group that we are invested through is telling us. They don't see the gloom and doom and they've been doing it a lot longer then I have. SO, for now, I'm hanging my hat in their corner.
Grant H.
01-14-2021, 11:15
While I don't think we are on the brink of 401k's/IRA's/etc being "nationalized" (really confiscated), there is precedent that makes one wonder.
1933 Roosevelt nationalized all privately held gold, and the .gov paid a depressed price to citizens before federally setting the value at 167% of what they paid.
Greece in '12/'13 went far beyond confiscating tax advantaged retirement accounts.
I expect that the incoming administration is going to follow the now set precedent of spending asinine amounts of money on "stimulus" that barely touches our citizenry, along with following the lead of "neo-progressive" communists like AOC and her dumb "GND" that will crush our economy even further, which will set the country on the path of financial crisis ala Greece. When? if I knew that kind of thing I wouldn't have to work... I don't expect this to happen in the next four years, but... see my previous statement...
As for pulling 401k's and IRA's, I can argue for pulling them, and for leaving them, depending on your current tax rate and the type of account that you have. Tax and penalty for pulling, especially 401k's, is a great way to vaporize 30+% of the cash.
I am hoping that y'all can have a laugh at my expense in 4 years. :)
Like I said, this administration is going to be different, Biden / Harris are bought and paid for by the ChiComs. Biden / Harris are profoundly stupid people, exactly what the very smart and thoughtful ChiComs want.
Batteriesnare
01-14-2021, 12:39
Wouldn't the true answer here be to diversify?
If you're concerned that some or all of your retirement funds will be confiscated, and that would be materially detrimental to you, it could be too many of your assets are in these buckets - just like your portfolio can be overallocated to a specific asset class. Certainly, there is a tax benefit/deferral to using these accounts, but you have potential counterparty risk from the .gov in this case. As with everything, no free lunch.
Realizing that a significant portion of your capital will go to the .gov if you remove funds from a retirement account, what do you stand to gain by reallocating the funds to another asset class (ammo, guns, real estate, gold, TSLA call options.....)? Is that worth the risk that you're wrong?
Only you can decide that for yourself, since you'll have to live with the consequences of your decisions. But it's always prudent to not be dependent on any one asset. That's been investing 101 for a while now.
Correct.
If a person cannot take physical possession of an item, they do not own it.
I participate in a 401K that a Wall Street firm owns, I just get to look at it and manipulate it. Theoretically I'll be able to draw on it in the future. There is an excellent chance the incoming administration might take a portion or all of it, they just stole 2 elections, what's to stop them from stealing my 401K.
I'll LOL while people tell me "that won't happen because it hasn't happened in the past".
So I take it you are pulling all your assets out of your 401k.....
whitewalrus
01-14-2021, 14:41
So I take it you are pulling all your assets out of your 401k.....
And turn it into briefcases of cash or other physical assets. Who says they won?t steal it out of your bank account if you think they will take it from the retirement?
I think they will propose a wealth tax much like CA did. This way they are just taxing it.
Sent from my iPhone using Tapatalk
Having actual cash in this circumstance is the worst place for it if you?re worried about the value... just simply buying a stock of any company will appreciate when the dollar loses value (continues to lose, more rapidly mine you) when these folks put more stimulus packages out there...
At least in part, the upticks in crypto and equities we?ve had the last 3-4 months during this pandemic is because the dollar is worth less.... so the prices of these things goes up.
that said, I have a few K in cash in hand just to make sure I’m never “broke”... but I won’t pull my investments, that’s for sure. Allocate wisely and you’ll come out just fine, regardless of the markets.
If were all broke, who will the ChiCom's sell stuff too?
My bet is a decline of the wealth of the nation with a gutting of the middle class. The USA will end up like post WW2 great Britain. No longer a empire and the dollar will lose its role as a reserve currency.
Global conglomerates and sovereign wealth funds will buy up assets and political power.
We have spent to much capital on windmills, bribing foreign nations and voting blocks. The cost to project power to prop up the fa?ade has bankrupt us.
BushMasterBoy
01-14-2021, 17:39
Precious metals. 'nuff said
ChiCom rely more on US than we rely on ChiCom. They just have some Treasury and export to us more than we do.
If China try to play ball, US and EU can just move the factory near Vietnam and other countries south of China. It might increase some fixed cost, but save $ on labor.
Grant H.
01-14-2021, 18:01
ChiCom rely more on US than we rely on ChiCom. They just have some Treasury and export to us more than we do.
If China try to play ball, US and EU can just move the factory near Vietnam and other countries south of China. It might increase some fixed cost, but save $ on labor.
Taiwan is already pissing China off by taking manufacturing and such work from them. Why do you think they are playing war games of invading an island, flying fighters over TW airspace, etc...
I won't be surprised when China pulls shenanigans like Hong Kong all over the Asian region once their buddy Biden is in the whitehouse.
Taiwan is already pissing China off by taking manufacturing and such work from them. Why do you think they are playing war games of invading an island, flying fighters over TW airspace, etc...
I won't be surprised when China pulls shenanigans like Hong Kong all over the Asian region once their buddy Biden is in the whitehouse.
Yup, and Taiwan had industries even BEFORE PRC (peoples rep china) even had all the factories. I remember Foxconn (Now Hon Hai) and Taiwan Semiconductors being large manufacturers.
Man who accidentally threw out a bitcoin fortune offers $70 million for permission to dig it up
By Lianne Kolirin, CNN
Updated 9:59 AM EST, Fri January 15, 2021
https://amp.cnn.com/cnn/2021/01/15/uk/bitcoin-trash-landfill-gbr-scli-intl/index.html
BladesNBarrels
01-15-2021, 16:15
Man who accidentally threw out a bitcoin fortune offers $70 million for permission to dig it up and is refused.
A job for worm man!
https://i.imgur.com/DfxqMRt.jpg
BushMasterBoy
01-15-2021, 21:58
Second quarter last year was huge reduction in the GDP. A civil unrest period would cause a huge reduction in domestic output.
84599
Source:
https://www.newyorkfed.org/medialibrary/media/markets/survey/2020/december-2020-survey-of-primary-dealers.pdf
Bitcoin owner whose story went viral after he lost his wallet password says he has 'made peace' with potential $220 million loss
Tola Onanuga 5 hours ago
https://www.businessinsider.com/bitcoin-owner-who-lost-password-made-peace-potentially-huge-loss-2021-1
[Mad] <----
walkerwv
01-16-2021, 16:57
I could Care less.. Just Saying.. BORING
Anyone else try to trade stock this morning and got denied? The statements from the big trading houses claim the volume of trades is the problem. I’m not sure I believe them. Hackers could jam up the trading houses so they could sell before everyone else and cut losses.
Anyone else try to trade stock this morning and got denied? The statements from the big trading houses claim the volume of trades is the problem. I’m not sure I believe them. Hackers could jam up the trading houses so they could sell before everyone else and cut losses.
Last few days there's been a few freezes due to the whole Gamestop and AMC debacle
Grant H.
01-27-2021, 20:40
Last few days there's been a few freezes due to the whole Gamestop and AMC debacle
It has been interesting to watch...
Most people don't grasp the fact that big investors (hedge funds, banks, etc) do this exact same thing on a daily basis.
Buy the VIX... volatility is the new black.
GME AMC (and maybeDDS) PUTS options are expensive.
Interested.
Best to ignore the rides up and down, and just have a straightforward stock market investment portfolio.
Yes and depends on what type of acct.
Just on securities Accounts are
- retirement vehicles ie 401k Roth IRA, IRA, etc.
-long term investment
-liquadable short term investment
Retirement besides Roth are all conservative with under 2.0 beta.
Long terms are ones that are beat up and has full of potentials.
Aloha_Shooter
01-27-2021, 23:02
Last few days there's been a few freezes due to the whole Gamestop and AMC debacle
It has been interesting to watch...
Most people don't grasp the fact that big investors (hedge funds, banks, etc) do this exact same thing on a daily basis.
Indeed. I think most of the people participating in the GME squeeze are leftists at heart. From my reading of their Reddit channel, many of them are in it not so much to make money as to put the hurt on the market manipulators. The fact they stand to make a ton of mony off it is just gravy. A bunch of them are going to get hurt but it's somewhat fun watching the market manipulators cry.
Grant H.
01-27-2021, 23:18
Indeed. I think most of the people participating in the GME squeeze are leftists at heart. From my reading of their Reddit channel, many of them are in it not so much to make money as to put the hurt on the market manipulators. The fact they stand to make a ton of mony off it is just gravy. A bunch of them are going to get hurt but it's somewhat fun watching the market manipulators cry.
Yep.
I would change a small detail in your last statement... I would say "most of them are going to get hurt..." otherwise I agree.
Is there a link to an article or something that explains what you guys are talking about?
Grant H.
01-27-2021, 23:31
Is there a link to an article or something that explains what you guys are talking about?
https://markets.businessinsider.com/news/stocks/reddit-day-traders-wallstreetbets-gamestop-gme-rally-upending-stock-market-2021-1-1030009280?op=1
BushMasterBoy
01-27-2021, 23:54
My analysis: The DJIA is down over 600 points due to COVID19 vaccine shortage. This is the fault of the .gov & the military industrial complex. So the media line is blame some entertainment stocks. Meanwhile the National news reports using 10,000 troops to help move the vaccine awaiting recipients.
Blood in the streets, buy real estate~ Warren Buffet
Todays news link below
https://www.youtube.com/watch?v=c9Bai9cUmGI
This is why technical analysis is signifant.
I was explaining this shit to my former coworker and he usually put technical as insignificant and mainly look at fundamental as a factor.
Herd mentality and algorithm is where technical gets significant.
Lastly.... this GME AMC DDS is nothing new. You guys do not remember 2003? SIRI and TASR? (Now AXON).
They had very high short interest and CEO of taser even sue a yahoo finance board member (ID ubswarbird) for herding people and shorting their stock with fake financial info.
After this news go on, many of long got into those 2 stocks and they were top 25 volume leader and a huge gain. :)
https://markets.businessinsider.com/news/stocks/reddit-day-traders-wallstreetbets-gamestop-gme-rally-upending-stock-market-2021-1-1030009280?op=1
Thank you.
Aloha_Shooter
01-29-2021, 01:51
Is there a link to an article or something that explains what you guys are talking about?
https://youtu.be/4EUbJcGoYQ4
I don't know this pumpage really count as pump & dump scam if they are on hold after purchasing a specific securities.
I am not sure if any juror or SEC would prosecute them if they held those position for a year or more.
I think safely say 3 month would be fairly safe, because wash sale rule (different than this situation but good time frame) requires 3mo+?
Any securities attorney or compliance analysts?
hollohas
01-30-2021, 19:46
They're going after silver now. They plan to buy silver and silver stocks, force physical delivery, and pump the price way higher.
Silver eagles are already minimum $6 over spot online.
Sunshine mint is hiring production workers. I call that a clue.
hollohas
01-30-2021, 21:00
Since I wrote that last post, JM Bullion went up to almost $11 over spot on silver eagles, minimum.
Grant H.
01-30-2021, 21:24
Eagles always command a decent premium over spot, but this does seem a bit higher.
APMEX is only $8.29 over spot for a single random BU Eagle.
hollohas
01-31-2021, 08:10
JM is basically sold out of silver eagles this morning. A quick scroll through and it looks like they pretty much only have the expensive proofs and even those are going fast now. Or a certain year here or there for $81/oz.
Generic silver rounds are slim pickings too. There were tons of eagles and generics in stock last night.
hollohas
01-31-2021, 09:12
No more silver sales until markets open. https://uploads.tapatalk-cdn.com/20210131/5478c51604ce1a75fd8f3f6a687ba70b.jpg
Looks like Kitco is offline as well. Going to get interesting
tactical_2012
01-31-2021, 11:35
Glad I bought a bunch back in February
Glad I bought a bunch back in February
Had I only bought BTC when I dumped money into silver in 2013-2014.
Wish in one hand...
Assuming I didn't get robbed...
hollohas
01-31-2021, 12:37
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
SuperiorDG
01-31-2021, 12:51
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
Great, I have two orders pending for a week with SD. Called Wed and was told probably first of week.
tactical_2012
01-31-2021, 13:35
Ya heard maybe open at double or triple price
SuperiorDG
01-31-2021, 13:47
SD bullion has suspended silver sales until market opens.
Grant H.
01-31-2021, 14:01
The funny thing about this, is that by driving the price of silver up, the "retail folks" are making big banks more valuable.
JP Morgan and others have been buying silver pretty steadily for a while.
From an amateur / novice / uninvolved person, what is the value for Morgan silver dollars right now. I understand that date and grade affect price, I'm just looking at a ballpark for run-of-the-mill Morgan's?
Yes I could Google it, but I'm busy doing house chores and you guys are a far better source of information than anything I trust on the Internet. Thanks in advance.
Sent from somewhere
I will add to the above that I also understand that Morgan's are not a true ounce of .999%.
Sent from somewhere
hollohas
01-31-2021, 15:00
Ya heard maybe open at double or triple priceSo how does this play out for people with physical bullion? Should one consider selling if it triples? Maybe more? Hold it? I don't see silver prices staying high if this happens. Am I wrong?
I mean, it's a possibility this week may bump silver a percentage that has taken decades typically. I think silver high was 2011 of around $49 (I think 1980 was in there somewhere too). In any case, if it triples tomorrow, that BLOWS the historic high out of the water (not considering inflation obviously).
If you look at today's price of $27, that's triple the 2005 high of about $9. 15+ years. Silver has never passed $50. Even if it doubles this week that's a historic high. To sell or not too sell if it doubles? Or wait for it to go higher? Or hold only for it to be right at $27 again 10 years into the future? Holding silver for decades doesn't seem to get you much return unless you happened to sell on one of the 2 major spikes.
At 27.44/oz Silver, Morgan dollars are worth 21.22
90% silver alloy.... .77 troyoz
At 27.44/oz Silver, Morgan dollars are worth 21.22
90% silver alloy.... .77 troyozThanks
Sent from somewhere
kidicarus13
01-31-2021, 16:56
Holding silver for decades doesn't seem to get you much return unless you happened to sell on one of the 2 major spikes.
Yes
And we're off and running
https://www.kitco.com/market/
Aloha_Shooter
01-31-2021, 17:48
Warning on WSB about not "squeezing" $SLV:
https://www.reddit.com/r/wallstreetbets/comments/l9gv98/citadel_is_the_5th_largest_owner_of_slv_its/
https://i.redd.it/iltzmggybpe61.jpg
hollohas
01-31-2021, 18:42
Ha. Was wondering when the hedge funds would use this investing mob to push things in their favor or at least jump on the bandwagon which appears to be what citadel did here buying a bunch of SLV.
Too bad I sold all my SLV over the summer.
Glock Shooter
02-01-2021, 15:53
where is the best place to buy silver?
where is the best place to buy silver?
well given you're in Boulder, you can just run over to Tebo coin and see what kinda rounds/ingots they have in stock... cash locally instead of online... I used to buy some from the Westminster mint online (not the city in CO) or from the "Silver Guy" at the Tanner shows a few years back. It's hard to quantify "best place", but all served me well when I was a buyer.
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