Worthless? Gold is trading for over $1200 an ounce, worthless would mean $0 and no value. Get over your your emotions and write something of actual value, are you a small child, you write like a 10 year old?
I have traded it for several years in both taxable and non taxable brokerage accounts. I cannot recall if i got a K1 or not. This poster is either a basher/trasher trying to discourage investors or maybe he buys a million shares at a time but i have never been dinged before. I can tell you millions in shares trade daily, they are not low volume etf's
It could blow up next month or by 2020, there is no one that can tell you when. We live in an upside down world where bad news is good news. Reality has to set in someday, til then you can play the paper market and make money just trade ZSL or AGQ, i do. The metals market is too range bound right now but use these to play their game, use stops when one sales buy the other etc. It can be an easy game to play. These short sellers make me laugh, it is obvious to find them on these boards trashing real investors. With the markets setting new highs every day they are hard pressed to find weak markets to take advantage of like the mining industry. Expect more to come, short term but their days are numbered...
The powers that be want to suppress prices for sure, problem as i see it is with silver at $20 knowone can produce it at a profit. Supply will continue to dry up as miners are forced to make cutbacks until the big industrial users of silver increase stockpiles to the point the physical market has nothing to sale. That will be the tipping point. Imagine a world where the is no substantial supply of silver to be found.....you really think the paper markets will remain solvent?
Is anyone really surprised with the new silver fix? It works EXACTLY like the old one and is set by a group of BANKERS....hummm. How long will it take to expose this sham? I have a feeling something big is about to happen, good or bad for markets.......i dunno, but it is just a feeling and it has potential. Pucker up folks.
Don't hold your breath, seems they are simply replacing the old silver fix with a new silver fix. Never forget who is really running things. Odds are that will not change anything.
What? otto the clown gives plenty of intelligent opinions....if he didn't cover this week he is truly the idiot we believe him to be. There are some good boards at investorhub and stocktwits but they all run up and down from intelligent to absurdity. You get what you pay for.
Why wouldn't mgt sale? Honestly I don't think they ever had any intention of developing the mine in mexico, they would have to raise a bizillion dollars in a poor environment.
Just visited and briefly perused but little real information i saw. This is the gov with press releases etc, wouldn't this be mostly lies and misinformation? Would rather read JPM or GS propaganda.
You got a crystal ball or something? I can't tell ya from day to day what will happen tomorrow, or this afternoon. Would appreciate you posting buy and sale amounts like buying at 5.75 or selling at 6.11 etc, i need all the help i can get these days!
The only positive today was RUSS and VXX. Holding but still puckered up. Wondering if the long awaited correction has begun...
In past corrections, miners got hammered too. Note a correction of 10-15% happens regularly and is well overdue. If we get 20-30% it would be a hugh shock to the system and who knows. I guess it depends on what happens to metals prices. If metals go up the down side for miner stocks will be minimal but you have to watch closely as sell-offs are tooooooooo unpredictable with most investors panicking and looking for safety. BTW many market analysts have been forecasting doom for a couple years and it hasn't happened, I would be surprised to see more than a 5-10% correction. There is too much funny money floating around for a major sell-off to occur.
I think GS recommends physical, but they trash the short or paper markets. Some still say another slam is in the works but who knows. The powers that be can dump a couple billion on the short side anytime they want. Problem is the last one on 7/14 only caused a drop in prices for a few days....hoping they start running out of bullets soon.
You may be right, decided to take some profits today and hope to buy it back at a better price. Short term the metals may see some weakness.