Anybody watching Gold?

[shooter]

this is a shot of my "stock tracker" I use for retail trading, has been RED bad all last week n gearing up for another RED week.
The greens, War companies and OIL

[scstill]

maybe time to buy the dip?

[shooter]

 


that's how I buy, the problem this time, it keeps dipping!!!!  I don't have the capital I once had so I buy 1 company, make lunch money and wait.  I picked up 100 shares in a small company in TX for what should have been a good price, lost $100 in 2 days, down $120 after 3 days, bought 100 more, lost another $100, bought 100 more.  Today it was down $80, have bid in for my LAST 100 for 30c a share below current price, but 50c a share above days low, we'll see in the morning.  Probably be a week or 2 in a "stabilized market"  Just to get my money back, possibly some lunch money also!!


AI stock traders should all be shorted.....OUT! 

[EL34]

Possible buying on this retrace?

[shooter]

tariff pandemonium would be my guess, I hold stocks in an American Company that does 99% of it's work in America and it tanked 23% this Morning, I think the morons of money are just throwing a hissy fit cuz they can.


I give the emo-ride about 2 days, but it is a sunny day so I might make the 50 mile round trip to the bullion store if it doesn't rebound after lunch.

[shooter]

creeping back up, was $32.5 about 15 minutes ago


from my watched stocks, not the last one, it's Lockheed Martian, war is always good money-maker regardless of economics   

[shooter]

this tells me the people that know things, don't really know what to do!!   


seldom will you find the USD and oil "following silver down"  They are typically "counter-balanced"
that said, it's look'n like a road-trip to the bullion store, maybe the lead shed also!!!

[shooter]

road tripped, picked up $10 face USD halves for spot ~ $29.5


the commemorative was a bit pricier at Spot +$7 but it's for one of the kids at the local diner that graduates this year.

[scstill]

Do your dealers also buy 90% junk silver? How much do you get dinged?

[shooter]

those 1/2's are "junk silver" My shop does NOT use that word, he's a COIN-dealer 
"Junk silver" is any coin that has no numismatic value, so he sells typically at "face value", 90% spot, spot +1 depending on supply.
most buyers these days don't buy "coins" because they are 90% which means math to figure out "value"


 

[EL34]

Gold and silver appears to have some profit taking and then Gold turned on the after burners upward

[shooter]

I got my "profits" at $29.5 silver


looks like the world in general is siding with Gold as it's "standards" measure instead of Bureaucracy's "Trust our paper" model of the last 100+ years.  guessing the dust will settle by end of year.

[scstill]

wouldn't investing in metals be easier in an ETF? Especially if you are profit taking?

[shooter]

ya, if you're "day trading" in metals, i've bought/sold a few.
 
Like stocks, it takes a minute to get the jest of the trends any given ETF or stock move....What price is a good BUY, what price is a good SELL point...then market, emo, and a load more other indicators, so I stick with my stocks that I've followed since the 90's for profit/loss.


my Silver is still a hedge, at my age, probably will always be since "paper money" is near (relatively) the end-of-life.
read, heard something like 95% of all transactions now are digital

[EL34]

Buying real Gold and silver is not a buy-sell thing like stocks
They are stores of value
You hold onto them to keep from losing money on the dollars you have that become worth less every day

[shooter]

worth watching the 1st 15 minutes....

[EL34]

Silver catching up would be good, but I have been hearing silver talk for many years.
I don't get worked up about predictions any more.

[EL34]

Gold is rocketing up again

[shooter]

and silver is asleep at the wheel   

[shooter]

bought yesterdays dip, sold todays rally made $40 


the market is doing "AI" type stuff, if you've played in the market, the company's "volume", bought/sold, today are nuts
companies that on a great day might have a volume of X, are now at 5-10X, either the BOT traders are burning through electrons making somebody big bucks, or theirs some underlying indicators that us lunch-money retail traders are not privy to.
crazy morning!

[scstill]

Barron's article today says once silver passes 35 will be on its way to 50
Suggested investing in US silver mining ETF (can't find article or recall the ETF)

[shooter]

FWIWI trade a mining company, EXK, cheap share's, range between $3 - $7
they mine silver, but they don't throw out the gold they find 
Mexico is their primary mine, believe they're registered in Canada

[shooter]

when I took the family road-tripp'n to Alaska, we stopped n hiked a mountain called Lazy Mountain, had like 5 "false peaks" before you actually reached the summit, the Silver growth line looks like that mountain 


it's still just slow roll'n up-hill

[shooter]

the silver mine I buy/sell has been heading up, made ~10% ROI over the past 10 days, cashed out for lunch money this week!
 getting grumblings of a nice bump teasing $40/oz  NOT holding my breath though.

[EL34]

Silver is making a move

[shooter]

yep, I made about 25% return on the EXK stock when silver 1st spiked up a few days back. 


took that money and bought a U.S. Military-contractor company that makes Autonomous drones/systems, they just partnered with GE aero-space, hoping for a 10% ROI, then silver might drop back so I can rinse n repeat


then i'll make a bad trade n eat PBJ's for supper again 

[mresistor]

when I took the family road-tripp'n to Alaska, we stopped n hiked a mountain called Lazy Mountain, had like 5 "false peaks" before you actually reached the summit, the Silver growth line looks like that mountain 

C'mon out to CO and I'll watch you climb Capitol or Longs peak.

[shooter]

those days are long gone, I did have Capital on my tic-list.  My last "Official" climb at 53 was in CO though, did the flat irons near Boulder.
I was in semi-retired mode and wound up with my "last student"  she wanted to get in shape for Air-force boot camp


after my 2 year intense training she made it with flying colors, she'd never fired a weapon so that was added.  a pic from boot-camp she sent, 5 of 5 in the 10 ring with an M16.  last contact she was in year 12 doing remote silo maintenance on ICBM's


people ask "do you miss it"  Hell no, climbed a combined total of 32,000 vertical feet of rock face, lived, don't get any better, so there's nothing to "miss"

[mresistor]

those days are long gone, I did have Capital on my tic-list.  My last "Official" climb at 53 was in CO though, did the flat irons near Boulder.
I was in semi-retired mode and wound up with my "last student"  she wanted to get in shape for Air-force boot camp


after my 2 year intense training she made it with flying colors, she'd never fired a weapon so that was added.  a pic from boot-camp she sent, 5 of 5 in the 10 ring with an M16.  last contact she was in year 12 doing remote silo maintenance on ICBM's


people ask "do you miss it"  Hell no, climbed a combined total of 32,000 vertical feet of rock face, lived, don't get any better, so there's nothing to "miss"

too many people have died on those two peaks..  not worth it..  traversing the knife edge on capitol is just nutso ..   lots do it.  for a while there were some photos on summit.org of a Russian girl doing a one hand handstand atop Capitol peak, I should have saved that photo.   She said she was a gymnast..  well yeah..  and fearless.  You fall on that one and your going to your maker.   Longs  is just a very long hike in the early morning hours and then hope to hell you get off the peak before the lightning and rain comes in.. I'd be willing to do Sneffels with ya though and I'm older than dirt. I hiked Crag Crest trail on Grand Mesa twice last year, saw my first aircraft turning on the chemtrails in mid filight up there..  its up close to timberline and not so scarey as the 14ers..  I hear ya bro we are older and it's different doing these climbs these days.   

[shooter]

even "hiking" the sketchy ones I always carried my climbing shoes, harness, couple pieces of gear and 50' of climbing rope.
hikers n backpackers are the top "casualties", climbers are the least likely group to need "rescuing" in the outback.

saw my first aircraft turning on the chemtrails in mid filight up there

was watching a plane chem-trailing ahead of the last front we had, maybe 3 days ago, then i swear he launched a "chaff rocket" like the F-14s used to do to try and break my tracks.  snapped this pic, you can see the "tail" from whatever, splitting off.

[EL34]

Yo guys, please stick to the topic

[mresistor]

Well   silver still rising but it appears that platimun and palladium  are following suit, so it must be a broader market rising.


Gold..  I'm sorry  even though it's a hedge against inflation it is so high that little guys are going to have a harder time in this economy investing and taking possession of gold, while their families are struggling to meet the expenses of living. 


Property taxes and insurances have risen right along with gold.


It will be interesting to see how high silver prices rise.   

[shooter]

the silver-to-gold ratio in nature is ~ 19/1, you'd think the price would reflect that.  but it don't because Rich-men North of Richmond like manipulating things

[EL34]

The dollar loses value and gold/silver is a store of value
It's not that Gold is going up, it's the worthless nature of fiat currency
It's takes more dollars to buy the same thing
The dollar is worth about 1% of what it was many years ago

[shooter]

The dollar is worth about 1% of what it was many years ago

pretty sure if Doc woulda made it, the dollar would be worth it's weight in gold still 

[shooter]

still tracking up

[EL34]

This guy had some great info on the metals and US dbt issues

i=m0R43O6lLxqTLwEv

[shooter]

silver pulled back some but not a bad ROI for a year

[shooter]

onwards n upwards.........

[EL34]

Silver has been on a tear lately

[shooter]

the manipulators can't keep up with the economic realities

[EL34]

After some profit taking Silver having some good gains

[shooter]

haven't looked in awhile, Nice to  see the bump!  might be time to pick up some rounds before it hits the $50 mark.  my "running average" is ~ $23/oz not a bad ROI

[shooter]

this showed up in my feed, originally posted on X


might be why silver is sneaking up.

[EL34]

Peter is a smart dude
I have followed him for many years

[Bluebark]

The big problem is that All the markets are manipulated! Always has - always will.

 Silver should be worth more than gold...but it's not. Silver offers soooo much more value compared to gold and yet it is dirt cheap. I just don't get it. Gold is like diamonds...there is so much of them around the world, they should be worth pennies on the dollar (another worthless item) but due to the Families and the Banking cartel, they hold false value. Every time the ex wanted a diamond, she got either emeralds or rubies (my fav). Then I broke down and bought her a diamond and slipped it on her finger...been paying for it ever since.

Just my $0.02

[shooter]

good thing you only invested 2c


silver in the wild is 19 times that of gold in the wild, so starting at the dirt level, silver should be worth 1/19 that of gold, pretty close to "standard" for thousands of years


doesn't matter what's manipulated, what matters is why you want metals or anything else.  I buy metals as a hedge, I buy stocks for lunch money, been eating steaks lately, my silver is up 40%, I call that good in any market.  bonus, I just won $100 on my $10 scratch-off ticket at the BeerBaitNgas 

[Bluebark]

LOL...I have to disagree on the your ratio...the Grand Canyon, California and South Africa alone wipes it out. I think the only reason Au is valued more is due to it being inert. No matter how long Au sits in the dirt, it remains intact...not so much Ag. Don't get me wrong, I've been stacking for about twenty years.

But as my knowledge about the world grows, I have come to the conclusion that Very little is what it seems.

[shooter]

crossed the resistance!  hopefully some smooth sailing to $50

[Bluebark]

It figures...hahahaha!

Remember when palladium was the metal to have?