The Global Monetary Reset Is Under Way
Don't be a fool. Keep stacking.
Everything I have been reading is we are still due for a major bottom, most likely we get a little bounce and drop below the double bottom. So, as far as NUGT goes I would not play it.
Cash is king and so the story goes. :)
Everybody has their own opinion. I bought GDX @ $17.80. Does that make me a bad investor? Can't win them all. I will hold for a very long time. Does that make me a bag holder? I will answer my own question. Yes! Do I care, yes.
If we were right 100% of the time. Why would anyone waste their time here. Instead of being disrespectful, why not engage in a positive yet disagreeing fashion. Say I agree to disagree. How hard is that?
All the while my miners are getting bashed to kingdom come. So I wait, buy the dip, buy some more and keep stacking. It's my money, it's my research, it's my life. Don't #$%$ on my leg. lol!
Hedge funds are the most bullish on gold since August, defying Goldman Sachs Group Inc.’s prediction that the rally in prices will fade.
The net-long position in New York futures and options climbed for a fourth week, the longest stretch of increases since July, government data show. Futures jumped 2.7 percent last week, the most since June, as a plunge in global equities erased about $2 trillion from the value of stocks.
I bought the GDX at the end of the day. Not at lot of shares, but enough if we get a bounce it could be good. I have decided to keep buying at lower prices than I bought at. My buy price was $19.05.
Not necessary, at last check spot gold and silver are both up. It's the ETF's that are causing these price swings. As I said in other posts today it's all a Ponzi Scheme.
That's why I call it a Ponzi Scheme.:). The miners are getting bashed by the paper shorts. Until some big fish demand delivery in real gold and silver this will continue. The paper gold and silver ETF's DO NOT have enough real gold or silver in their vaults to cover all the gold ans silver being traded. It's like fractional banking, same thing, over levered and a complete Ponzi Scheme.
So at last check: spot Silver is trading up 9 cents and the SLV is trading up 2 cents. That's what I am talking about threedogfarmer.
Not really a tremendous margin at today's prices. If you are concerned about the prices of 2014-2015 Silver Eagles compared to the spot price, then just buy Silver bars or whatever has the cheapest mark-up. I buy 2014 Silver Eagles because they are legal tender made by the US Mint. They do not represent collecting so as not to have to pay some sort of collectible tax to the IRS. At least that is my understanding. I could be wrong though, I heard if held for more than a year it is considered a collectible. Which doesn't make any sense to me because Silver Eagles have a dollar value printed right on the coin.