Generally, older Krugerrands are sold back to dealers by retail
holders, and they are generally
notas clean as new ones - possibly even with small
scratches.
Actually if you want a good measure of how hot the gold market
is, look at the spread between Krugerrands and eagles. The closer
they are, the hotter the market. The larger the spread, the less
interest among retailers in buying. It is kind of like the
difference between Junk Silver and Silver Eagles.
Also the new Krugerrands have to come from the mint and have
limited supply, so they generally have a closer premium to
eagles.
Lastly, occasionally a dealer will have a large supply of one
item compared to others and they just want to liquidate inventory
to raise cash for other items.
Posted by mamaduck on 16th of Feb 2012 at 01:49 pm
Matt, MFN is being
bought out by Pan American Silver- for either
15.60 cash or part cash and part shares of PAAS. So to assess the
upside of this stock, you should look at the PAAS chart. In either
case, if the deal goes through, then you have a minimum upside
target of 15.60.
Posted by mamaduck on 30th of Jan 2012 at 03:13 pm
This is either pricing in the obvious - which is massive
deflation with very little fundamental reasons to support it. Or it
is pricing in War with Iran.
If it is the former, then it is mildly bearish for gold. If the
later, it is extremely bullish for gold and oil.
lessarda, don't assume places like IB or TS are safe either.
here is a must read for all of us with brokerage accounts. It is
longish but it is a must.
And here is one paragraph to illustrate the point - with some
unexpected names...:
"Engaging in hyper-hypothecation have been Goldman Sachs ($28.17
billion re-hypothecated in 2011), Canadian Imperial Bank of
Commerce (re-pledged $72 billion in client assets), Royal Bank of
Canada (re-pledged $53.8 billion of $126.7 billion available for
re-pledging), Oppenheimer Holdings ($15.3 million), Credit Suisse
(CHF 332 billion), Knight Capital Group ($1.17 billion),Interactive
Brokers ($14.5 billion), Wells Fargo ($19.6 billion), JP
Morgan($546.2 billion) and Morgan Stanley ($410 billion)."
The community is delayed by three days for non registered users.
GDX 60 - Keep an eye on this
GDX 60 min
Posted by mamaduck on 14th of Nov 2014 at 02:44 pm
Ratio charts - gold, GDX
Ratio charts - Gold, GDX
Posted by mamaduck on 23rd of Jun 2014 at 04:14 pm
We are almost there. I'd say a little more consolidation and then take-off.
Looks like AUY has decided
AUY - example of GOLD Stock Crash and burn
Posted by mamaduck on 23rd of Jun 2014 at 03:48 pm
The monthly chart
OLN
Posted by mamaduck on 24th of Apr 2014 at 11:21 am
Decision time for AUY
AUY - example of GOLD Stock Crash and burn
Posted by mamaduck on 21st of Apr 2014 at 02:25 pm
Sitting on monthly support.
Ratio charts - Gold, GDX
Posted by mamaduck on 17th of Apr 2014 at 03:01 pm
I'd say I am a little early on this, but we should see the bottom in gold miners and Gold within a few weeks.
AUY Monthly
Posted by mamaduck on 16th of Apr 2014 at 03:08 pm
KBX and TDC.V - junior miners
Posted by mamaduck on 29th of Feb 2012 at 05:31 pm
Somebody has been accumulating TDC.v for a while now. Check out http://canadianinsider.com/node/7?menu_tickersearch=tdc
They also had a change in management recently. The pink sheet symbol is TYHJF
Silver - important ratio charts
Posted by mamaduck on 29th of Feb 2012 at 05:06 pm
Krugerrands
Gold Coins
Posted by mamaduck on 23rd of Feb 2012 at 04:30 pm
Generally, older Krugerrands are sold back to dealers by retail holders, and they are generally notas clean as new ones - possibly even with small scratches.
Actually if you want a good measure of how hot the gold market is, look at the spread between Krugerrands and eagles. The closer they are, the hotter the market. The larger the spread, the less interest among retailers in buying. It is kind of like the difference between Junk Silver and Silver Eagles.
Also the new Krugerrands have to come from the mint and have limited supply, so they generally have a closer premium to eagles.
Lastly, occasionally a dealer will have a large supply of one item compared to others and they just want to liquidate inventory to raise cash for other items.
Depends on what and where
Gold Coins
Posted by mamaduck on 23rd of Feb 2012 at 03:37 pm
APMEX is selling Krugerrands at $35 over spot. Check it out here
Silver - Very early sign of...
Posted by mamaduck on 16th of Feb 2012 at 02:54 pm
Possible major up move in silver
xra
Posted by mamaduck on 16th of Feb 2012 at 02:29 pm
Junior gold explorer
MFN
Aem
Posted by mamaduck on 16th of Feb 2012 at 01:49 pm
Matt, MFN is being bought out by Pan American Silver- for either 15.60 cash or part cash and part shares of PAAS. So to assess the upside of this stock, you should look at the PAAS chart. In either case, if the deal goes through, then you have a minimum upside target of 15.60.
Alf Field on silver
Posted by mamaduck on 1st of Feb 2012 at 09:48 pm
http://www.gold-eagle.com/editorials_12/field013112.html
Very interesting....
Bond market and Gold
Strong day for long bonds
Posted by mamaduck on 31st of Jan 2012 at 07:20 pm
They both seem to be pricing in war with Iran. See my post from yesterday:
http://breakpointtrades.com/blog/post/191485/#191497
TLT Triangle
TLT massive ascending triangle?
Posted by mamaduck on 30th of Jan 2012 at 03:13 pm
This is either pricing in the obvious - which is massive deflation with very little fundamental reasons to support it. Or it is pricing in War with Iran.
If it is the former, then it is mildly bearish for gold. If the later, it is extremely bullish for gold and oil.
Don't assume...
After listening to Corzine say he did not know where ...
Posted by mamaduck on 8th of Dec 2011 at 10:03 pm
lessarda, don't assume places like IB or TS are safe either. here is a must read for all of us with brokerage accounts. It is longish but it is a must.
http://newsandinsight.thomsonreuters.com/Securities/Insight/2011/12_-_December/MF_Global_and_the_great_Wall_St_re-hypothecation_scandal/
And here is one paragraph to illustrate the point - with some unexpected names...:
"Engaging in hyper-hypothecation have been Goldman Sachs ($28.17 billion re-hypothecated in 2011), Canadian Imperial Bank of Commerce (re-pledged $72 billion in client assets), Royal Bank of Canada (re-pledged $53.8 billion of $126.7 billion available for re-pledging), Oppenheimer Holdings ($15.3 million), Credit Suisse (CHF 332 billion), Knight Capital Group ($1.17 billion),Interactive Brokers ($14.5 billion), Wells Fargo ($19.6 billion), JP Morgan($546.2 billion) and Morgan Stanley ($410 billion)."
KBX
Posted by mamaduck on 21st of Nov 2011 at 02:28 pm
Junior gold miner
Steveo, the first computer I
Steve Jobs and AAPL
Posted by mamaduck on 6th of Oct 2011 at 01:34 am
Steveo, the first computer I used pre-dated hard drives in PC's. Does that make me "older"?