PAL DRIVING IN THE GREEN!!!!! MAYBE IF I TYPE in CAPS screaming like an idiot, I can be a non-stop, repeat idiot like the one who has been YELLING to try to MAKE his IDIOT posts seem IMPORTANT cause he's been sayin the same old CRAPPOLLA< OVER AND OVER AGAIN....
Pal is looking fine today, especially in light of almost EVERY OTHER miner being in the red...
Couldn't BE THOSE AUTO SALES #'S making pal strong...???
ROFLMFAO if PAL finishes green...
glta
vegas
....
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<<<OOOOPS!!!!! I FORGOT TO DO CAPS LIKE AN 'IDIOT'!!!!!>>>
GLTA
VEGAS
(Kitco News) - Platinum has erased most its early-year discount to gold prices as South African supply issues and improvement in U.S. auto sales underpin the platinum group metals.
Analysts look for the ratio between the two metals to at least level off in the coming months, with several citing an expectation for gains in both gold and platinum, although some add that platinum eventually likely will eventually regain its usual premium.
Platinum historically has traded higher than gold, but that reversed dramatically in the final months of 2011. At one time, gold was roughly $219 an ounce more expensive than platinum
.
What this unusual
gold /plat ratio tells is interesting given the economy of late.
The fact that gold has made new all time highs over the last number of years even though a relatively weak economic performance should signal to us that inflation is not driven by strength in the economy right now.
And like higher oil prices, that fools a lot of people.
Inflation is not
always a result of a strong economy.
But should the economy dare start to perform better, inflation will likely get worse.
(it's already at 8% if you use real world prices for what people pay for things like food, gas, medical , cable etc)
And in some countries like Argentina, inflation is running well into the double digits and closer to 20%.
Will we see that here?
I think we could and the question is, how do you protect yourself.
Gold has been the leader but to my thinking, certain industrial commodities are
due to catch up and might be a better place to be---provided the OECD financial system can stand the strains for a little while longer and the respective economies don't tank.
If the OECD financial system falls apart, gold will in all likelihood be the best thing to have exposure to.
Just a question of time before things do
fall apart because of govt debt but in the meantime we need to do something with our money besides put it in CD's and bonds etc which are guaranteed to lose one's purchasing power over time.
good observation pace. Know this sounds flaky but
first Pt will overtake Au in a few years Ag will
Now AU down to a $15-18 premium over Plat...
By the end of Q1, it should reverse IMO...
Still, PAL is a fixer-upper still with some significant overhead resistance...
HOWEVER, PLAT and PAL both finished flatish today... Good sign on a down day for miners... see also AUQ(I am reentering there after getting stopped out)...
Am hanging long with shares and Calls all in the money but those last 10 Mar$2.50's that got sold... I'm the one who paid .45c for them so I am down .01 there still... lol
I'm in SD today, going to LA tomorrow to visit... I may swing through Hollywood to see all the Freaks and Idiots... I'll keep an eye out for a GOOFY LOOKIN' BUTTCLOWN walkin the streets with a sign that says "BANKUPTCY IS NEAR!" on one side... and "WATCH AND LEARN" on the other... LOLOL
Can't believe PAL gave up that Penny at the close! It could be 'THE END IS NEAR!'... lolol
Have a Good Weekend All
Vegas
Now AU down to a $15-18 premium over Plat...
By the end of Q1, it should reverse IMO...
Still, PAL is a fixer-upper still with some significant overhead resistance...
HOWEVER, PLAT and PAL both finished flatish today... Good sign on a down day for miners... see also AUQ(I am reentering there after getting stopped out)...
Am hanging long with shares and Calls all in the money but those last 10 Mar$2.50's that got sold... I'm the one who paid .45c for them so I am down .01 there still... lol
I'm in SD today, going to LA tomorrow to visit... I may swing through Hollywood to see all the Freaks and Idiots... I'll keep an eye out for a GOOFY LOOKIN' ASSCLOWN walkin the streets with a sign that says "BANKUPTCY IS NEAR!" on one side... and "WATCH AND LEARN" on the other... LOLOL
Can't believe PAL gave up that Penny at the close! It could be 'THE END IS NEAR!'... lolol
Have a Good Weekend All
Vegas
From 1.2 BIL to 400 MIL IM RIGHT your WRONG!!!If ALL the stuff I said was WRONG then I would be an idiot BUT! IT'S NOT A W*IPE
(Kitco News) - Platinum has erased most its early-year discount to gold prices as South African supply issues and improvement in U.S. auto sales underpin the platinum group metals.
Analysts look for the ratio between the two metals to at least level off in the coming months, with several citing an expectation for gains in both gold and platinum, although some add that platinum eventually likely will eventually regain its usual premium.
Platinum historically has traded higher than gold, but that reversed dramatically in the final months of 2011. At one time, gold was roughly $219 an ounce more expensive than platinum