Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...Yeah, the scum is still playing in pm’s, just not as hard during the holidays.
Will be interesting to see what happens after the New Year. GermanLong could have a point about the metals selling off in the first week, which would mean smacking the shares. Who knows?
The action in the dollar is pretty weak, will be interesting to see what happens with that too.
I have no doubt that the scum will keep pm’s at bay until they no longer can.
Thank you for the response and added practical info. Very interesting points to consider. The market letter I get recommended about 10 of them very early on, with the assumption 1 or 2 would be a stand out. Like getting in early on face book or some other stand out that started very small. He also mentions the “wolf pack theory” where as the whole group moves together.
He was the first one in gold miners back in the ’60s. The original goldbug he calls himself. Also first with Uranium, dot-com, teck stocks and rare earth stocks. His problem is he sells too late. In June 1982 I got a mail gram, “Sell all inflation related assets, and buy the Dow at 796.”
Unfortunately the gold/silver sell signal was 2 years too late. MVOOGASSS he called it. Much vaunted all out gold and silver sell signal. If you got in, in the 1969, 1982 was fine. But if you got invested later on, and waited two years off the peak, it was bad.
Some people pick a stock because they like the name. Like Sunshine Mining. Or just put block chain on your Long Island tea company and stock goes up 180%.
good call re NEM….joke performance… clearly being ‘sat on’.
It’s a race to the bottom in price and most of these stocks are non-performers. The price of the product just keeps going lower, so I’d say bad investment. Now when things get legalized in your state, then starting a dispensary could be a great investment. What it comes down to is this, good growers don’t need corporate sponsors. The business is energy and heat intensive. In the end, the states that have the cheapest cooling cost are going to win. This is known as free-side cooling, it just happens to be only a few states are really good for this. And this is why Colorado could win the race. There are lots of novelty companies making a ton of different products, edibles, vaporizing tech, and companies making high tech distillates that would be better money invested IMHO. It’s best to just visit CO to understand the emerging technological innovations.
AAII Survey Results for Week Ending 12/27/2017
Data represents what direction members feel the
stock market will be in next 6 months.
HISTORICAL AVERAGE: 38.5%
?
BULLISH
52.6%
+2.1 Percentage point
change from
last week
HISTORICAL AVERAGE: 31.0%
?
NEUTRAL
26.7%
+2.8 Percentage point
change from
last week
HISTORICAL AVERAGE: 30.5%
?
BEARISH
20.6%
-5.0 Percentage point
change from
last week
Note: Numbers may not add up to 100% because of rounding.
Agree, it has to be the last of the tax loss selling because it feels like the pressure on the shares and metals is to the upside.
Sure hope you’re right about no tax loss selling next year.
With gold and silver looking really good it’s surprising the PM shares aren’t doing better. Still has to be some tax loss selling happening.
Next year this won’t happen because we won’t have any shares with losses … 🙂
according to ZH. Not sure how that’s going to work and be redeemable. Sure would be hard to trust them to pay up when you went to cash in, besides, I thought they gave all their gold to Goldman Sachs.
Like the resilience of everything pm here, other than some of the more beaten up names being sold for tax losses, most of the shares and the metals are holding up OK.
Oil-rich Venezuela is out of gas. So how’s that US Dollar value and futures market pricing working out for ya..
Oil-rich Venezuela is out of gas
“Gentlemen: There is no more gasoline in Venezuela. In Venezuela, we are out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lube oils,” said Iván Freites in a televised press conference. Freites is the secretary of the professional and technician division of the United Federation of Venezuelan Petroleum Workers.
In his address, Freites said that poor management led to the stoppage of 80 per cent of the country’s refineries. “Only Amuay and Cardón refineries are operative and that is nothing. They produce 40,000 barrels per day and the national demand is over 200,000 barrels of gas per day,” he said.
(Copper News AP) December 28, 2017.
Bitcoin Continues Dropping After Entry Into Futures Market
Do not believe or take for granted anything the fake news media says. Note words potential, and possible. The Media always comes up with some cockamamy reason for every move in every market, even the Gold and Silver market.
Note: Propaganda is possible.
looks like they may sit on NEM and GG today.
USD pretty weak.
I’m with Winedoc, 1300/17 finish to the year would be great.
Would be nice to close out the year above 1300/17
Just saying
Happy New Year friends
Winedoc
I watched a little of that Aaron Mate interview before I had to leave. The clown from the Guardian could give no evidence but kept saying “you have to understand”.
I think we would understand if he actually made sense instead of pushing his preconceived narrative.
Libtards have some serious mental illness.
(Bloomberg) — Bitcoin resumed its tumble on Thursday after South Korea said it was eyeing options including a potential shutdown of at least some cryptocurrency exchanges to stamp out a frenzy of speculation.
South Korea has been ground zero for a global surge in interest in bitcoin and other cryptocurrencies as their prices surged this year, prompting the nation’s prime minister to worry over the impact on Korean youth. While there’s no immediate indication Asia’s No. 4 economy will move to shutter exchanges that have accounted by some measures for more than fifth of global trading, the news poses a warning as regulators the world over express concerns about private digital currencies.
James Mc…
Silver: sneaky bullish
Bill,
The holiday rally in the metals, but mostly silver, is surprising. Silver has risen $1.15 over the past 10 trading days since December 12. While it has been entirely “orderly”, as bullion bank analysts love to see it, it nonetheless has gone up in thin trade when by all rights it should have been on lockdown. It looks like silver will have to drag gold with it if both continue to rally. We haven’t remotely worked off the oversold conditions from 2 weeks ago so there’s still a lot of room to keep the rally going. As we all know clearing $17.25 will be the next hurdle, but as we also know when silver goes on a tear big bad numbers suddenly become irrelevant.
It would be nice to be above $1300 & $17 by Friday. That would set up next week nicely. If the Bahamian Bobbleheads who are massively short decide to dutifully obey their little black boxes it will get exciting in a hurry. Keep in mind the silver/gold ratio is still at 77- 1, WAY high by historic standards. Even a reversion to 60- 1 puts silver at $21, assuming gold stays here at $1290. If you remember back in 2011 when gold reached $1980 and silver almost $50 the ratio fell to 39-1. Silver would be at $33 right now if that ratio was in play, and further proof of the kryptonite nature of silver.
Anecdotally I was talking to a person recently who had no idea of my interest in PM’s. He casually mentioned he had just bought some physical silver for the first time. When I asked him why he chose silver he said at $16 it HAS to be grossly undervalued. When I asked why not just buy futures he said he didn’t trust them. Maybe the new investing trend for 2018? Could there be thousands of people already looking for the next ground floor Bitcoin opportunity? Stay tuned in 2018, we may just see those GATA rockets on the launchpad again!
James Mc
…but it’s never easy. It will take a collapse of the Empire before they will let go of the money.
Default on the Federal Reserves debt. Extricate them. Negotiate with the rest. Back the US Gov’t issued currency with silver or gold.
Problem solved, easy peasy.
we got a self funding mechanism called Bit Coin where everyone in the world will fund our corporate money needs..all we need to do is provide the FUTURES mechanism ….Forget about DEBT FINANCING thats a thing of the PAST ..no more BONDS,no more ROTHSCHILD blood sucking the US economy. WE got BIT COIN..
are part of a scheme to use bitCoin as an additional source of Funding for corporations without creating an inflationary new money supply ! I got it ! and in addition they can prop it up if necessary by buying the Futures Contracts just like they do with the S&P ..Its a stroke of genius if they hadent thought of that …I just did ! THEY should PAY ME ! ! Im a genius in my own mind !
