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Market Vectors Gold Miners ETF Message Board

bighorn_50b 10 posts  |  Last Activity: Feb 5, 2016 11:39 PM Member since: Mar 17, 2013
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  • Reply to

    Trader your thoughts

    by alexgchronis Feb 5, 2016 11:31 AM
    bighorn_50b bighorn_50b Feb 5, 2016 11:39 PM Flag

    Good post thdude530, I have been quite latey. The drop from the last time GDX hit $17.00 really ticked me off.

    I'm still long and strong. Buying pure silver on the dips.
    Don't trust the banks, Wall Street, grm2224, goldto800, and all the want to be nut cases like goldoking7777.

    Anyways, just wanted to say hi and keep posting.:)

  • bighorn_50b by bighorn_50b Jan 20, 2016 8:46 AM Flag

    Wednesday January 20, 2016 08:00
    (Kitco News) - Gold the only metal up. The euphoria that the market expected as we opened yesterday morning was quickly dashed throughout the day and overnight the carnage continued. The Chinese numbers are smoke and the global economies are struggling with an accelerating deflationary bust. Oil under $28, copper approaching multi-year lows. Platinum trading at a whopping $280 discount to gold. Equity markets on meltdown. Capitulation not yet in sight. Gold catches a fear bid, which may begin to accelerate. This time around, with global interest rates pretty much at zero, the central banks will be hard pressed to buy their way out. 2008 may turn-out to be a picnic against what the global economies are facing today. Gold from a technical perspective requires a close above the $1,102 level to motor on, with $1,088 support.

    By Peter Hug, Kitco Metals Global Trading Director;

  • Reply to

    Gold up 20 Nugt up 6%

    by thdude530 Jan 15, 2016 9:54 AM
    bighorn_50b bighorn_50b Jan 15, 2016 11:27 AM Flag

    Dude, just keep stacking. :)

  • Reply to

    Alex

    by khajovsky Jan 13, 2016 3:49 PM
    bighorn_50b bighorn_50b Jan 13, 2016 10:56 PM Flag

    Gold prices: The price of gold took a hit in 2015. Some long-term investors might view the price decline as a "sale." When you are shopping at a department store looking for a new sweater: would you rather buy one at full price, or on sale?

    Momentum is turning bullish in gold for the short-term.Since the start of the New Year, gold has surged over $40 per ounce, climbing back above $1,100. Emerging market physical demand for gold is expected to stay strong at both the central bank (official) and consumer level in the form of jewelry and coins and bars. While Western investors have more sophisticated options for saving money and growing wealth, Eastern consumers don't have as many investment vehicles. Investing in a hard asset, jewelry, or coins or a bar that you can store in your own safe is a time-honored tradition in the emerging East. This trend is expected to continue.

    Invest smart:As we all search for ways to increase our levels of happiness, don't bank on a lottery win. Choose a long-term investment strategy built on regular and automatic purchases that will help you achieve both your monetary and personal happiness goals.

    What will you do if you win?!If you manage to be the lucky winner and swoop $1.5 billion, you could stock up on gold...1.4 million ounces to be exact!

    By Kira Brecht, contributing to Kitco News;

  • Reply to

    Short term caution

    by alexgchronis Jan 6, 2016 9:04 AM
    bighorn_50b bighorn_50b Jan 12, 2016 10:40 PM Flag

    Right here buddy, buying .9999 10 oz Silver Bars from RCM. HAND OVER FIST! I'm loving it. :)

  • Double Bubble for the NASDAQ? Could coincide with the bottom in Silver.

  • Reply to

    Interesting area around $1060...

    by trader537 Dec 28, 2015 1:43 PM
    bighorn_50b bighorn_50b Jan 8, 2016 10:32 AM Flag

    I like the sound of that. :)

  • bighorn_50b bighorn_50b Dec 31, 2015 10:00 AM Flag

    Happy New Year to you as well! Cheers!

  • Reply to

    OIL under $35. Clearly we are in a depression

    by grm2224 Dec 18, 2015 11:54 AM
    bighorn_50b bighorn_50b Dec 18, 2015 9:13 PM Flag

    In truth there should be very little confidence that a new era has begun. A symbolic 25 basis point credibility-saving gesture, coming just two weeks before year-end, is really a non-event. It's the equivalent of a credibility Hail Mary, with the Fed desperately trying to infuse confidence into a "recovery" that for all practical purposes has already ended.

    The question will be whether such a small move will be enough to push an already slowing economy into recession that much sooner. Over the past seven years the U.S. economy has become dependent on zero percent interest rates. But as with the famous Warren Buffet bathing suit maxim, these dependencies won't be fully revealed until the tide rolls out and those zero percent rates are taken away. The bigger question is how quickly the Fed will reverse course. Will it move once it becomes painfully obvious to everyone that we are headed into another recession, or will it wait until we are officially knee deep in a contraction that is even bigger than the last one?

    The new rounds of rate cutting and Quantitative Easing that the Fed will have to unleash will echo the military "surge" in Iraq in 2007. Those fresh troops were needed to roll back the chaos that the Administration had ignored for so long. But just as that surge only bought us a few years of relative calm, look for the gains brought about by our next monetary surge to be even more transitory. That is a development for which virtually no one on Wall Street is preparing.

    By

    Peter Schiff

  • Reply to

    OIL under $35. Clearly we are in a depression

    by grm2224 Dec 18, 2015 11:54 AM
    bighorn_50b bighorn_50b Dec 18, 2015 8:09 PM Flag

    I had been saying for the past year that the Fed cannot raise rates exactly because of the dynamics noted above. But the longer it waits, the sicker and more out of balance our global economy becomes, such that when the day of reckoning finally arrives, it will bring all the more terrible consequences. I had relented in my argument of late simply because I felt the Fed had to raise rates, lest it lose what credibility it still has in the eyes of the masses of Wall Street traders and in the eyes of a massively ignorant American public. Now, once again as we sit on the edge of the abyss, one can’t help but wonder how the Fed didn’t once again back off from a rate hike.

    We may well be facing that final day of reckoning for the Fed, which may be damned if it does and damned if it doesn’t raise rates. If it raises rates it could set off a terrible financial market collapse. But if on the other hand now that it did, only the most dimwitted, passively-compliant, brainwashed Americans will believe the Fed is the least bit competent. I just can’t get away from the heroin addiction comparison. The global economy is a living organism but Keynesian ideologists are doing their best to kill the patient. Thankfully I don’t know firsthand about overcoming heroin addiction, but from what I understand, it is pure torture and something many if not most addicts do their best to avoid dealing with until their system shuts down. We will find out if/or the Fed has any courage to deal with the reality of the pathological carry trade they created.

    By,

    Jay Taylor

GDX
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