Posted by Mr.Copper
@ 22:52 on June 16, 2021
Dame the torpedo’s, re the dollar has been climbing this month, and Gold dropping this month. Even though the Dollar index was down to 89 and now at 91, its a joke. The dollar is way too high.
It historically was around 80, at one time to help the USA in a hurry, remember $145/bbl oil? They had down to 72 to help exporting. The US dollar is in the graveyard in the sky above 80 and even with an artificially strong dollar, we STILL have Gold over $1,800. The Bozos running things can’t win, because they already lost.
The evidence was the crash in 2008. That they call the Great Recession. Like the old Double Dip recession. They blend words. Put a little lipstick on the bad word remind people of great things and double dip ice cream cones. I have a list of their clever terminology. Some day I’ll dig it out.
https://finviz.com/futures_charts.ashx?t=METALS&p=d1
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d1
Posted by ipso facto
@ 22:24 on June 16, 2021
Posted by ipso facto
@ 20:01 on June 16, 2021
Glad you saved a few bucks! At least the overbought situation in gold has been corrected. The decline in gold and the PM shares lays the ground for a new higher rise IMO. Hopefully starting soon!
Cheers
Posted by Ororeef
@ 19:08 on June 16, 2021
buy all the GOLD available .. …I came to the same words before I read your post because great minds think alike ..HEHE
Posted by Ororeef
@ 19:04 on June 16, 2021
is laughing his ass off at the leadership of the US ..THE BLM bullshit has paralyzed the political discourse that controls Americas future .They cant respond to any sniping from any two bit country that does it.Biden is impotent and the vice President is so incompetent she giggles at her own failure to to take charge of any assignment Biden throws her way.BIDEN is deliberately doing her in as Democrats will eat their own as failed policy takes hold and she gets blamed by Biden to save his own ass …political suicide for all of them….deservedly so..
Posted by Ororeef
@ 18:41 on June 16, 2021
to discourage Gold buyers will fail . The last Harrah ! WE are days away…The 4th of JULY will be a Grand day to celebrate ! WE shall prevail ! and the enemys of Gold and the PAPER pushers, Derivative FAKE GOLD short sellers their days are numbered….They will get whats coming to them …
Posted by commish
@ 18:41 on June 16, 2021
Posted by goldielocks
@ 18:16 on June 16, 2021
Fed expects a rate increase by 2 percent by 2023.
I’m guessing those holding PM on specks sold. Only on longer term guestimation projections.
From what I read Fed thinks that the 08/9 recovery was too slow because they decided to taper asset purchases sooner than later.
Politicians and NIH Fauci caused this job killing mess and now we got Biden putting everyone else first and us last.
Perhaps the fed is too optimistic.
They have continued to buy I read for 15 months and increased the money supply in the country by a trillion.
Apparently they’re still afraid of Trump so Apple is facing scrutiny over compliance of subpoenas of data of more than a 100 users including law makers. I don’t know who’s doing it but could guess.
Are they going to throw in subpoenas Hillary, Biden and Hunter while they’re at it?
How bout Fauci , NIH, WHO, FDA and Gates?
China set to be a rival by the aircraft industry by 2030. Biden putting Europe first.
Maybe they should check on Hunter helping them get access to aircraft intellectual property.
Fed raises GDP projections to 7 % for the year.
Posted by Buygold
@ 17:27 on June 16, 2021
Fed Squawks, pm’s get shredded.
Ipso that article from Radom Preszinski saved me a fair amount of money. Appreciate that.
No clue where we go from here, pm’s are down even more in the AH. Some things never change.
Posted by winedoc
@ 17:23 on June 16, 2021
Hey friends
Always hammered down on Fed Day …….. sometimes worse than others
I hear ya Buygold …….. seems like uphill battle all the time ……..
I’d be in a buying mood for motorcycle parts but perhaps a little lower
Onward Pilgrims
Winedoc
Posted by Maddog
@ 15:24 on June 16, 2021
Wanka would be proud of u…..plus it looks like they have ‘rescued’ the SM……PM’s might follow.
Posted by Captain Hook
@ 14:59 on June 16, 2021
I think you will do OK.
July should start a big move up for PMs aided by favorable seasonality.
The Fed’s BS is just providing another good buying opp.
They are trying to topple silver using gold to lead but it’s not working.
Sprott has bought every 1000 ounce bar of silver in North America they can find and now they are working on Europe.
Then you have the Wall Street Silver guys cleaning out all the retail supplies.
Go apes.
Cheers
Posted by Mr.Copper
@ 14:35 on June 16, 2021
Posted by ipso facto
@ 14:34 on June 16, 2021
Posted by Maddog
@ 14:27 on June 16, 2021
PM’s go nowhere up/not allowed to rally, while talk of inflation around andf Fed doing zilch…..Fed says maybe raise rates and PM’s get smashed….well ain’t that handy…
Meanwhile scum have gotta save the SM…..
Posted by silverngold
@ 13:48 on June 16, 2021
Posted by Mr.Copper
@ 13:30 on June 16, 2021
Fyi I bought 200 PPTA @ $9.37 $1,874 at 1:03 pm so I can see it. If it goes up? I’ll add 200 more. If the 400 go up? Ill add 400 or 600 more to and even 1,000. That’s what I do. If the 1,000 go in the money I’ll add 1000 to 2,000 shares. They call in ladder up and playing momentum. If it starts dropping too much I’ll just dump it all at a small profit or small loss. I’ll be leaving the desk now for a while.
Everything p/e div etc is all on Schwab software re Street Smart edge. It makes things easy. The prior one Street Smart Pro was GREAT!! But they had to save money. They left mo on it because I was an active trader and paying commissions. I was one of the last 100 people on it right to then end. I refused to switch over until I had no choice.
Posted by goldielocks
@ 13:30 on June 16, 2021
Your doing good. When I retire I’m going to be looking at a lot of things I don’t have time for now besides the PE which is good to look at like if they’re making money or not. In a sympathetic run up of a sector short term momentum plays are okay with some but risky and you don’t want to stay in too long.
Price to book value, sales, cash flow etc.
I don’t have time to figure that all out right now.
Posted by Mr.Copper
@ 13:20 on June 16, 2021
I added 1000 May 28th at $8.71 $9.22 now. Sitting on 5200 shares now 11.4% up on the lot averaged out. Its a Royalty and they must be doing good with profits on higher gold prices. It has a div and a p/e, good signs. I look for that. And high p/e’s are fine. I added to prior post fyi.
https://finviz.com/quote.ashx?t=sand&ty=c&ta=1&p=d
It beat the 2016 high, but not the 2013 high at $14 yet.
https://finviz.com/quote.ashx?t=SAND&ty=c&ta=0&p=m
Posted by goldielocks
@ 13:11 on June 16, 2021
Well if your already in PPTA you did good there.
Aparently what’s happening is or they claim or blame no help because of unemployment. I don’t know if it’s totally that. I think a lot of people went on to other jobs and maybe better paying jobs.
Like here they opened a huge Amazon wear house. They’re paying or advertising 20 hr with benefits which actually isn’t much compare not to housing cost here where servers get paid about 12 or so with no benefits relying on tips they tax too because they keep them under full time hours. In some states they do something really messed up to them. They deduct their tips from their base pay. Like their a renting slave or something. I’m that case they get what they deserve.
They call it unskilled but it takes a certain skill and willingness to handle it to be able to do that kind of work.
Their on their feet all day with all sorts of personalities and moods and sometimes unruly kids coming in all day and all the running back and forth on busy days. Then you got the kind that sit there can’t decide what to eat while their standing on their feet all day plus someone else is waiting or eating refills on coffee instead of telling them to come back.
There’s a lot of people who tried it and said they couldn’t do it.
And the states that deduct their tips it serves them right.
Posted by aufever
@ 13:07 on June 16, 2021
Walmart screwed me years ago when they started phasing out Made in USA, whuch was the primary reason I shopped there, and started importing mostly lower quality crap. Of course, they figured out most people don’t know or understand the value of quality.
I was just about to ask you — do you see SAND as still a buy at this level right now?
Posted by Mr.Copper
@ 12:42 on June 16, 2021
It sounds like you are on iPhone or iPad? Just try a total hard reboot? But what do I know? Nothing about computers.
Watch SAND I’m very good on it seems to be a steady climber while gold was limping. I added to it recently.
SAND: https://schrts.co/xvKmRKPa
Fed Rate Decision 2:00 place your bets. Who cares what they do? If they raise rates and crash everything, on these highs, shorting will be a no brainer.
Posted by Mr.Copper
@ 12:36 on June 16, 2021
Roger, thanks for the added input, always appreciated. I’m getting better at this crazy game now that I don’t have a big distraction anymore past couple years. When I see a profit getting stagnant or inching down? It’s astalavista baby, translated as “Until the (next) sighting” and means “See you later”. Them move onto something else. We can’t get sentimental with some of these stocks.
PPTA has my attention now, I’m kind of a momentum player. But this one was Midas and I think its getting Gov’t help for domestic production of antimony for bat trees. 🙂 They really have to bring everything back. We gave, ad can’t give anymore and the bozos know it. Friends here told me went to 3 fast food places and couldn’t eat. Not enough employees or cooks or something. A lot of people are literally on strike.
https://schrts.co/hPGqaEsk
Posted by goldielocks
@ 12:36 on June 16, 2021
Re nervous nillies day trade the whole global economy.
Lol too funny but true. They’re making me one sometimes. I’m thinking I have to wait to retire so I can watch it everyday. But then again that’s part of it.
Posted by goldielocks
@ 12:32 on June 16, 2021
I don’t know about anyone else but something strange is going on with this site. If I go back and forth to something else when I go back I wind up going back in time. If I push refresh nothing happens. I have to close it to get back in real time. It’s never done that before.