Back And Forth
Wednesday September 02, 2015 08:34
(Kitco News) - Metals see-saw back and forth as equity markets drop and then snap back just to drop again. If you believe the equity sell-off is a correction, that China’s slowdown is factored in and the US economy has enough juice to give the Fed the green light on raising rates, gold looks pricey. If you believe the global economies are continuing to wind lower, which holds the Fed and possible induces a QE 4 and China’s slowdown has more to go, gold is inexpensive. For investors, prudence suggests a core holding is essential. For traders, that still have hair, quick trigger fingers are a job pre-requisite.
By Peter Hug, Kitco
Have you looked at the gold/silver ratio lately! It's almost at all time highs, almost 80 to 1. Now that's Nuts!
Look IMO, just buy the dips in GDX and GDXJ, you will be much better off. No decay, no reset after each trading day and lower expense ratio. Best advice I can give if you want to play the gold miners. Maybe some VGPMX for a long term hold? Just a thought.
Please read what a 3X ETF is. Go to yahoo and look at NUGT in the description of what it is and ask yourself if this is right for me. If you like Las Vegas, you will love this place. No free drinks BTW, LOL!
When you put money in the bank is it yours or the banks? Read the contract.
When you pull money out of your bank do they question or ask what are you going to do with the money? They never say your money do They? You may say that my money is FDIC insured. True up to a certain dollar amount. But what really yanks my chain is they never say how long it will take to get your money back. Do they genius? My estimations is somewhere between 6-12 months if your lucky.
Most important question to you and the rest of the board is " Do you have enough cash on hand out of the banks for 6 months or more"?
If you answered yes, then this post is not about you, is it. Of course not! Since you have taken the necessary precautions.
Not a nut case, just being honest and real. GL!
Follow the yellow brick road! Don't look behind the curtain! Are you kidding me that you NEVER got those messages? And the most important message of all! There is no place like home! Seriously! I was in love wth Judy Garland since I was a kid. Don't mess with Judy. She owns Somewhere of the Rainbow! Now I expect your gay jokes. Really don't , because she was over druged, over worked movie star living in the fast lane. RIP!
Yes I read on Kitco news rambus and others are saying GDX to $6.00 or $7.00. If that happens, I hope your first in line to the soup kitchen. Because trader537, your not even close to ready in preparing for a economic collapse. And it's not like I didn't give you a heads up either. Don't kill the messenger please. :)
Your 401K plan as well as mine will be taken, frozen, confiscated. And forget about Social security as well. Won't be there. Disability, fat chance. SNAP, food stamps, good luck with that as well. The SJHTF. IMO, If you have green backs, their going to no good any more. Have any of the blue backs? Just wait, there coming. "From the movie, escape from LA."
Well what does that tell you. Maybe everything I just said?
Gold & Silver should not be leveraged period. You either hold it or you don't. Period! Hold on to it with all means possible. Catch my drift? Get it, Got it, Good!
Trust me it matters!
Russia going into Syria! It's like Vietnam all over again. Lack of leadership! Lack of spending controls, heck look at Chicago. Can't pay a lottery winner because of no budget made. What's up with that. Let's not forget Pueto Rico. They just slammed with 500 million in damages due to the tropical storm.
Prep, Prep and more Prep, got flashlights?
Again lets agree to disagree. IMO, Central banks from around the globe are selling $USD as fast as then can. How this plays out in the miners is interesting to say the least. Maybe I get a couple more months of buying the dips? Who really knows.
Not on my DCA. I'm making progress. Tiny steps one at a time. You do realize that if the S&P closes below $1920. All heck is going to break loose. RIGHT!
You best be keep stacking and prepping. Only wish I had a farm in the country.
Not when your paper contracts are leveraged over 10/1.
I believe IMO that the CB's, Billionaires don't want USD anymore. I believe they see a shift that the USD has to go lower, hence the reason they want delivery of said product for a hedge against the dropping USD.
If they wanted USD's they would have bought treasuries. Well those treasures are being sold to prop up their FX reserves in other currencies. At least that is what I have been reading.