Loading ...Richard640 @ 15:59 “gold and silver as an asset class are dead”? I have a different opinion about them… and HUI!
Let’s start with HUI. IMO HUI will bottom this year at 166.67 and few will still be in this sector….but when that bottom is reached it will EXPLODE to HUI 1,000. How do I know? 166.67 X 6 = 1000. My HUI chart has been revealing this outcome for many years, and IMO we are dealing with the devil….Satan… in these End Times or Last Days!!
How about silver??? IMO silver is just waiting for the rest to come together and it will be ~$18 at its bottom. Then use the same method. $18 X 6.667 = $120 per ounce!
Again what my charts have shown for years……
Gold though will be more controlled IMO but it will not go lower than $1673.30 and it will top at ~$3672…..but WTHDIK??
Oh, and here’s a very interesting USA Watchdog from Greg Hunter for today. If you only want the gold and silver info just watch the last 15 minutes….but you’ll miss lotsa good stuff about all the current topics and concerns if you do that. Greg is the best IMO!!!
All The Best from Silverngold!
Dem Gun Confiscation, NATO War, More Unexpected Deaths, Economy Tanking
Who are they getting their orders from.
Twitter trying to ban World Council for health or anyone who brings it up before Ivermectin Day. July 23
Ororeef @ 16:55 re Your Reverse Stock Split Info.
- I would have to think about all that. Like Great Panther it its .10 cents/share, a 1 for 10 shares makes the price go up and 10 times less shares. You turn in 10 old .10 cent shares and get back only 1 share worth $1/sh.
I was talking about the opposite, like a regular stock split like if the stock is expensive like $1000/sh a 20 for 1 split would make the $1000/sh stock a $50/share, from $1,000/sh more affordable looking attracts buyers for a new up trend. And you have 20 times more shares.
So the US Dollar is too cheap at $1 each, doesn’t buy much, so a $20 for $1 split would make the $1 worth $20. GPL is like .10 cents a share, has no respect its so cheap, they want a 1 for 10 to make the stock $1/sh from 10 cents. Has more respect.
In other words, the penny stock $1 bill would have $20 of purchasing power and get more respect.
Plus it would just be more practical for coinage to have 20 times more purchasing power. Plus again you won’t need 100, $100 bills, 100 pieces of paper to count out to buy a lousy $10,000 used Toyota. You would only 5 pieces of paper worth $2,000 each. Keep in mind like decades ago we had $500 and $1000 bills for big purchases.
In China
everybody owns a house,but no body can afford to live in it! THEY PAID TOO MUCH,theres no benefit to living standards and now nobody can make the mortgage payments.The government will have to print the money to buy those mortgages or defaults will crush the economy ! Chinese inflation is like a Chinese fire drill ! In the end Russia will own everything in China ,but they cant take it home with them …they will beg China to pay the rent …pleaseplease..
Richard 640 @ 16:37
OK, I’ll use bpgdm as an indicator. It ranges from 0 to 100. Simple enough? We are now @ 10…downside with risk to 0 which btw is extremely rare! So extreme risk down is 10 points …Normal upside is 70 to 80 or more basis points. Risk reward is 10 down versus 70/80 upside. Wake up Rich and smell the coffee.
ipso facto @ 10:24 on July 22, 2022
China is the whore,Russia is the John ..its a match made in Heaven ..they deserve each other..they both get fucked !
Mr.Copper @ 12:41 on July 22, 2022
What happens to a company that does a reverse split ?…that depends on if they have real earnings ,they be ok,,if not they go to zero ! What happens to a country that does a reverse split ?, that depends on if they have real earnings,they be ok,if not they go to zero. DO we export more than we import ? As bankers say watch the CASH FLOW ! Do you have pricing power ? if not you go to zero…Are your current assets GREATER than Current liabilities ,if not you go to zero..
COT’s
Right direction yet again, but no help.
Samb=I wouldn’t get too cute being the big, bad contrarian–contrary theory doesn’t work with G&S
Never has cause the rig…
Another tell that an Int. Bottom is in formation = m
Richard 640 post @ 15:59. Laughable.
HUI=TODAYS HIGH=210.28—-AT 3:52PM–LAST TRADE=201.59=I REST MY CASE! AND….
To repeat=Gold and silver as an asset class are dead!
@Maddog re Strange Situations. Maybe The Summer Doldrums?
I was looking at lots of charts of the regular popular crap and everything is down about 30%-50% more and less. The Bonds like cash have been getting buyers since mid June driving rates lower. Ten year bond 3.48% to 2.78%. Maybe its people running to cash after selling the regular stuff.
Lets not forget, the Feds original fear was deflation, thats why they carpet bombed money all over the globe. So its possible their pumping is only gave them an inflation blip, and they’ll be fighting deflation again. But the bottom line problem is a unstable, fundamentally flawed currency and financial system.
Plus, I’m still seeing “Buy one get one free” at the supermarket. Only the Meats are in uptrends.
Bonds climbing means rates dropping.
https://finviz.com/futures_charts.ashx?t=BONDS&p=d1
Oil dropping since mid June.
https://finviz.com/futures_charts.ashx?t=ENERGY&p=d1
Grains dropping.
https://finviz.com/futures_charts.ashx?t=GRAINS&p=d1
Softs dropping.
Here comes the SM about to self levitate
as all those drooling bargain hunters pile in,,,,aka scum buy hell out of it.
NEM was the tell
it’s like a bloody great neon sign….saying don’t worry …..we’ll knock it all back down before the end of the week!!!!!!!
Ororeef
If the west had treated Russia with respect and not like an enemy then Russia wouldn’t need to reach East for friends. I think it’s a mistake for them to cozy up to China as well.
GDX goes negative….where have we seen this crap before.
As far as the Bots are concerned…..just another rally to short into……and then forget to borrow any shares to deliver, while the SEC forgets to ask, where are the shares.
Just another bent day on Fall st.
Mr. Copper Unveils US Dollar Split: $20 Old US Dollars in Exchange For $1 New US Dollar
This is important because the US Dollar has shrunk in value so far, that $1 is equal to two hamburger rolls, and or 4 slices of white bread. So it no longer makes sense to have 4 slices of bread divided into 100 pieces or a penny as the smallest denomination.
The new Penny will be worth 20 cents, the new Nickel will be worth $1, (postage stamp) the new Dime will be worth $2 (for a cup of coffee) The new Quarter will be worth $5 (for a gallon of gas) The Half Dollar coins .50 cents will be worth $10 (a meat ball hero).
This way all the annoying pocket change will have great value and circulate, rather than end up useless in jars and cans, and naturally a $1 bill will buy $20 dollars worth of something. The new $100 bill will be worth $2,000 each, (1950 Chevy was $1,000 new) and $200 new dollars $4,000 will buy a new expensive $80,000 car.
Stock splits often attract buyers, because they are starting with a lower more affordable price per share. A US Dollar split would have to be done at 2:00 AM on a Sunday. Also all bank accounts checking accounts, brokerage accounts and prices at the deli and car dealership will have to be divided by 20.
Mark my words, this will happen some day. Things that have to happen, happen. I knew in 1970 that the police should be using SUVs, look how many years it took. I knew in the 1960s a right turn on red is harmless, we had to wait until the 1970s for that. Some day the slicing machine for ham at the deli will have a built in scale where the meat falls.
ipso facto @ 10:24 on July 22, 2022
What happens when Russian Strong Currency gets in bed with China’s Collapsing currency ..Its like getting in bed with a Chinese whore ..you wake up with disease .Bad move Puttie ! You sleep with Dogs ,you wake up with Fleas..Chinese proverb hehe.
Great Panther Mining unveils 1-for-10 reverse stock split
Great Panther Mining (NYSE:GPL) said on Monday it will consolidate its common shares on the basis of one post-consolidation share for every 10 pre-consolidation shares.
The company currently has 471,164,174 shares issued and outstanding; upon completion of the consolidation, it will have ~10% of the current share total.
Great Panther (GPL) said the move will allow it to comply with the minimum price listing standard of the NYSE American exchange and maintain its listing.
The company expected to begin trading on a post-consolidation basis on the NYSE American and Toronto stock exchanges on or about July 25.
While production is expected to rise sharply in H2, Great Panther (GPL) “will still have some of the weakest margins sector-wide, making it much higher risk than its junior producer peers,” Taylor Dart writes in an analysis posted on Seeking Alpha.
https://seekingalpha.com/news/3855856-great-panther-mining-unveils-10-for-1-reverse-stock-split
Royal Canadian Mint Dumped 4-6 Million Ounces of Gold into River -theres NO LIMIT to the Stupidity of the Canadian Government !
Bob Moriarty
Archives
Jul 21, 2022
Between 1908 and 1956 estimates of gold losses from the processing of 225 million ounces of gold by the RCM amount to just over 4 million ounces. Processing from 1956 to 1975 might add another 2 million ounces. The mint dumped gold and silver waste into the Ottawa River until 1975 when it was made illegal.
ipso facto
Re The shares
It has to be a combo of manipulation, that causes them to stink and that in turn keeps punters away.
I see a favourite short is up 25 % tdy….GPL
Sitting on NEM again
they just toy with it to bring the ETF’s down
Silver is the other pain in the ass.
Bought
some GROY ..a gold Royalty Co