Perhaps. For another week or so. I'm considering taking a few months in Shanghai with a pile of US cash to buy me some gold in the meantime.
Would really have preferred to take 500pc but just need to put my toes in the water here and not miss a potential weekend development. I would love to get October $4 call for $0.15 instead... maybe this rigged gambling of floating rumors about interest rates will get me there before June 7th.... Anyway, always keep some skin in the game to keep it interesting!
Oh but it was made for this. GLD offers you no physical delivery or even directly holds the gold. Its held by 3rd party contractors and not really all that vetted. I'd be amazed if they could actually come up with 1/10th physical if they called it all in for delivery.
AUY is really holding up well relative to gold trading this morning! My plan may be foiled... I was expecting low $4s by now.
The spread is already there in the form of currency exchanges. Dump treasuries (which is being done at almost 40yr highs right now) and buy gold through Shanghai. If Yellen is hawkish then we will see ever more gold transfer to the East. And don't think Russia isn't excited about gold through Shanghai as well. If she remains dovish we will eventually see a new Yuan price fix to push gold lower anyway. It must be addressed but so far I haven't heard the Fed ever even address the existence of SGE.
I am actually hoping she is hawkish tomorrow. June 7th gives plenty of time for more sour data for her to go dovish at her next speech. If this happens I'll be watching very close going into June 7 and try my very best to load up calling AUY near the lows of the next 7 trading days. Overseas today we have more warnings about global economic data, so I would consider taking a new position tomorrow, but just about maybe 10-15% of what I would consider putting at risk. This way I can hold out for real discounts but also participate a little bit if something crazy happens internationally over the long weekend for the US with Memorial Day on Monday.
Over the last month or so I have received several items in the mail telling me if only a small fraction of myself and other shareholders would buy some "discounted" MJNA products how amazing that would be for sales and MJNA stock! Brochures with products and pricing ad everything. Emails as well.
I have never once seen a MJNA product marketed for sale. But they can send me all sorts of stuff through the mail and email I haven't been a shareholder since I closed out a 47% net loss on this fraud over a year ago.
The marketing I receive from MJNA is a sort of badge of honor. I learned many lessons here. But it is also my shame. And this is after I argued with, raised my voice to, and hung up on the call center representative trying to sell me shares. Yes that happened.
Just like with their shares, MJNA is targeting only one crowd with its products as well- Sharedoctor Titus' "investors"
I was still a shareholder last one of these garbage canned "interviews" were given. Staged questions like a 30mph pitch for Sharedoctor Titus to knock out of the park. No I have not and will not listen to this garbage because I already know he has nothing to say about lower revenues, lower margins, more shares, all their lawsuits prior and current. It will be some flowery look how great CBD is and hey my sucker investors just paid for me to vacation in Mexico for another staged event
He hopes they just "go away"
Ok so I was considering calling AUY again at this discount BUT chances are very high Yellen will remain hawkish at Friday's speech. If that's the case that will pressure gold into the weekend and that is the time to buy!
Nice piece from Schiff Gold this morning. Central banks have sold $123B YTD, which is 50% of 2015 total sales, indicating a faster pace by a full month.
Developing to 0 revenues. What are you defending? They have shrunk every quarter for 2 years+ now and the only growth is # shares. Buy some GWPH if you want to participate in the revolution.
For so much pumping in Q1 it is hard to believe I didn't get my 300M new shares. This does not bode well fro Q2! This stock just keeps shrinking and losing money amazing.
Since the bullish reversal the 22-day has served as support, and we're parked on it right now. Good news is this consolidation has put the 50-day almost $4. So if macro or fed or other central bank event pressures gold we should be solid at $4 at least. That said, with Yellen set to speak later this week, I'd consider the 22-day likely remaining support. The last 3 times AUY rested on 22-day was followed by a short spike based on looking at the 1-year today.
So will they report 300M new shares later today on lower revs and margins?
All the US debt will still be paid in dollars at whatever low rates they were issued. The Fed would see to that. So if you're going to bring about a new system, you are actually losing money on all that paper because of the coming inflation through a market demand for higher rates on US debt, eventually. I would also need to look into the treasury inflation protected securities to really understand how that works and what implications. But for your basic bills bonds and notes, if you happen to have established a gold exchange, you can devalue your own currency to drive down gold in dollars while also selling dollars and buying gold in your own currency. You're reducing low fixed interest rate exposure (avoiding inflation) and also getting a deal on physical gold (avoiding inflation again).
So this means imported products could face a sharp increase of price in dollar terms due to lower international dollar demand, you are right about that. But domestically produced goods and services I am not so sure would be as severe. That would take longer to develop as Fed is eventually forced to be buyer of last resort to keep rates low just for Treasury to make the minimum payments. Meaning, if/when Treasury enters a state of permanent default if not for Fed purchases alone, rates will have to go up or the currency scrapped, obviously increasing costs domestically as well.
I say if/when because that part of the saga doesn't have to happen. Will we get the right people in power to do what needs to be done? Hard to imagine. But since that will take a long time to play out, how nice to reduce your exposure and grab cheap precious along the way in exchange?
GWPH, a real company, has a 100% CBD product in phase 3 trials. MJNA has a 30% CBD product that no one is buying. MJNA is issuing stock to suckers on the heels of GWPH.