Long Position on Silver and Gold?

[roberth]

I just stumbled on this.

ECB ends €2.5tn eurozone QE stimulus programme

https://www.bbc.com/news/business-46552147

The ECB began its asset purchase programme in 2015, years after the UK and US took similar action to shore up their economies.

This was announced in June 2018. I know that the EU was running a QE program, just didn't pay much attention to it.

LOL, "shore up" their economies. You know, I never saw one red cent from TARP or QE done here so you know who this bullshit actually benefits.

[MrPrena]

Looks like indicies will be head-and-shoulder- [knee and toes knees and toes].

It is just showing 1 shoulder and head forming as of 11am.

[roberth]

Fed raised the rate again.

The rates were too low during much of the messiah's reign but I think the Fed is raising them too quickly. There may be some relief as the Fed projects only 2 rate increases next year, not 3 like they planned in September 2018.

Can't overlook the politics here either, the Fed would have much preferred Hillary since they bought and paid for her.

[brutal]

I am taking a beating in the markets. Very depressing.

[TRnCO]

Yeah, I try not to look when I know the markets are down, and I look often when they are up. Just gotta remember, the long haul and all....

[BushMasterBoy]

Russia sabre rattling, technological stagnation, glut of oil,too much money vs too little good & services.
North Atlantic cod stock decimated, emerging infectious diseases. Xmas and investors withdrawing funds. Think pictures, not words. Merry Christmas.

[rbeau30]

I bought some stock in Newmont about a month ago. This may be interesting especially if gold prices come back up after the deal.

Newmont Mining to buy Goldcorp in $10 billion deal to create world's largest gold producer

https://www.cnbc.com/2019/01/14/newm...tock-deal.html

[MrPrena]

I seriously thought all indicies would be lower today.

[earplug]

During the siege of Stalingrad the gold to silver ratio was out of wack due to the weight of silver compared to gold. When people flee danger or oppression they travel light and gold is much easier then silver to carry.
I'm reconsidering my holdings of silver due to the current police state and the building of barriers to hinder my travel.
The population as a whole are to young to remember when silver was actually used in coins and the dollar was a silver certificate.
For some reason gold is always a attractive metal.

[Irving]

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.