Posted by highroller on 11th of Mar 2020 at 01:25 pm
FED pumped billion into repo to curb the rise in bonds, panic
gone now. 30 yr bond shows it and big guys selling assets to cover
bond losses say the Armstrong. Gold just an everyday asset now as
gov't put it in lockdown, cannot travel with it, hard to exchange
it without paperwork, millennials have no use for it....go try to
buy a cup of coffee with a silver ounce bar, lol I gander the
place to be is the juniors and big open pit explorers to sell their
stories and play the leverage but just not at that point in time
yet. They will preach stories of big mine to be built but always a
pipe dream as it takes 30 yrs to make a mine and the bubble always
pops before .... been thru a few of these cycles ,seen it all
many times. Word of advice for the brave ones buying
explorers is make sure the share count is low, market turns down
for yrs and they consolidate 10:1 and crater the price again and as
the bosses say here 'follow the chart in front of you' foremost.
Never ever fall in love with a gold/silver stock. If in a mining
journal write up as the best thing since sliced bread,
RUN.
Posted by highroller on 11th of Mar 2020 at 01:52 pm
you may like HEP holds only 10 majors, 8% each
GOEX gives you some Aussie exposure. in the gound
explorers silvercrest, chesapeake gold. Forgot to mention the
13 trillion in bonds yielding negative elephant in the room, not
the virus. Spend the 15 bucks and sub to armstrong basic .
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Some say it is being
what is keeping the gold miners down? the Virus?
Posted by skyfish on 11th of Mar 2020 at 12:15 pm
Some say it is being sold to meet margin calls
FED pumped billion into repo
Posted by highroller on 11th of Mar 2020 at 01:25 pm
FED pumped billion into repo to curb the rise in bonds, panic gone now. 30 yr bond shows it and big guys selling assets to cover bond losses say the Armstrong. Gold just an everyday asset now as gov't put it in lockdown, cannot travel with it, hard to exchange it without paperwork, millennials have no use for it....go try to buy a cup of coffee with a silver ounce bar, lol I gander the place to be is the juniors and big open pit explorers to sell their stories and play the leverage but just not at that point in time yet. They will preach stories of big mine to be built but always a pipe dream as it takes 30 yrs to make a mine and the bubble always pops before .... been thru a few of these cycles ,seen it all many times. Word of advice for the brave ones buying explorers is make sure the share count is low, market turns down for yrs and they consolidate 10:1 and crater the price again and as the bosses say here 'follow the chart in front of you' foremost. Never ever fall in love with a gold/silver stock. If in a mining journal write up as the best thing since sliced bread, RUN.
Rant over, burnt and learnt.
thanks for the insight. Maybe
Posted by vinylchild on 11th of Mar 2020 at 01:28 pm
thanks for the insight. Maybe gold etfs are just the best play
you may like HEP
Posted by highroller on 11th of Mar 2020 at 01:52 pm
you may like HEP holds only 10 majors, 8% each GOEX gives you some Aussie exposure. in the gound explorers silvercrest, chesapeake gold. Forgot to mention the 13 trillion in bonds yielding negative elephant in the room, not the virus. Spend the 15 bucks and sub to armstrong basic .