Gold: Past, Present, and Future
Started by Melissa Sanchez17 · · 👁 285 views · 3K replies
Participants
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#1964 ·
So you can set the clock for 2:30 PM and just wait to short everything once the NYSE opens at 8:30 AM EST.
Great.
Great.
#1965 ·
Anthony Evans78 said:So you can set the clock for 2:30 PM and just wait to short everything once the NYSE opens at 8:30 AM EST.
Great.
They're just waiting to screw you over.😍
#1966 ·
Anthony Evans78 said:So you can set the clock for 2:30 PM and just wait to short everything once the NYSE opens at 8:30 AM EST.
Great.
Man, that V-shape recovery on the chart looks absolutely killer! 😍
#1967 ·
vividgull10 said:They're just waiting to screw you over.😍
Still haven't realized I'm not playing games with this paperwork? 🙂
#1968 ·
Anthony Evans78 said:Still haven't realized I'm not playing games with this paperwork? 🙂
So you selling silver for anything other than paper? 🤣
#1969 ·
vividgull10 said:So you selling silver for anything other than paper? 🤣
What does shorting on the NYSE have to do with your shallow little jabs at me?
If you didn't catch it: I don't trade paper assets like some of the people on this board.
If you did catch it and were trying to be funny: it was a pretty pathetic attempt at trolling.
#1970 ·
Anthony Evans78 said:What does shorting on the NYSE have to do with your shallow little jabs at me?
If you didn't catch it: I don't trade paper assets like some of the people on this board.
If you did catch it and were trying to be funny: it was a pretty pathetic attempt at trolling.
I mean, come on. You're shorting silver... acting like a silver shorter... shorting the paper version... then you get pissed when someone shorts the actual silver. 😍
#1971 ·
vividgull10 said:I mean, come on. You're shorting silver... acting like a silver shorter... shorting the paper version... then you get pissed when someone shorts the actual silver. 😍
Either you’ve got me confused with someone else, you're lying, or you've lost it.
#1972 ·
Anthony Evans78 said:Either you’ve got me confused with someone else, you're lying, or you've lost it.
sapienti sat 🙂
#1973 ·
More trolling, I see. 🙂
If anyone’s actually fed up with this, it certainly isn't you, is it? 🙂
Besides, looking back at your history, I'm not seeing much substance in anything you've posted here.
Anyway, back to the point.
It used to be that these short squeezes would drag on for weeks.
Or at least a few days.
Now, they're over in an hour, like they never even happened.
If anyone’s actually fed up with this, it certainly isn't you, is it? 🙂
Besides, looking back at your history, I'm not seeing much substance in anything you've posted here.
Anyway, back to the point.
It used to be that these short squeezes would drag on for weeks.
Or at least a few days.
Now, they're over in an hour, like they never even happened.
#1974 ·
Weekly beauty (75 wma)
Big picture:
Weekly 75 wma 3 year
(Note: weekly charts)
---------------------------------------------------
Daily:
That little downward trendline just snapped (trading below the 5 dma now). To actually confirm we've hit a local bottom—and let's be clear, the key floor was back on Nov 5th at 1672-3—we need to see a close or at least a move above the 10 dma:
Daily gold
------------------------------------------------------
Miners:
$gold:$xau (basically the ratio between gold prices and the mining index):
$gold:$xau daily view
Big picture:
$gold:$xau weekly view
Look, when you divide the price of gold by the miners, you get a specific number. The higher that number goes, the more cheap the miners are relative to gold.
The bigger picture (this part of the chart is missing here since it’s mostly historical data):
$gold:$xau
The data shows that 11 is roughly the threshold where miners become seriously undervalued. How much? Well, if we consider 6 to be the norm, it would mean they are currently sitting at almost "half price."
Naturally, the average Joe is too terrified to buy right now. They’ll wait until things are overvalued (say, below 6) because there's some logic to following the trends.
Sure, they could slide even lower, but nothing I've pointed out suggests that's likely.
If this bull market keeps rolling and gold hits, say, 2400 like it did back in 2013, and if the gold-to-miner ratio ($gold:$xau) corrects back to 6, we're looking at a +41% move for gold, but nearly a +150% jump for the miners. If the ratio stays at the current 10.5, gold at 2400 puts xau around 228. But at a ratio of 6, xau would hit roughly 400. Current 162 + ~150% = 400.
----------------------------
I don't really get the gold bugs on this forum. Everyone is busy typing away about minor daily hits to gold or silver stops—just a few Dollars here or there—while there's an actual massacre happening in the "soul" of the market, which is the miners. And yet, not a single word about it.
Big picture:
Weekly 75 wma 3 year
(Note: weekly charts)
---------------------------------------------------
Daily:
That little downward trendline just snapped (trading below the 5 dma now). To actually confirm we've hit a local bottom—and let's be clear, the key floor was back on Nov 5th at 1672-3—we need to see a close or at least a move above the 10 dma:
Daily gold
------------------------------------------------------
Miners:
$gold:$xau (basically the ratio between gold prices and the mining index):
$gold:$xau daily view
Big picture:
$gold:$xau weekly view
Look, when you divide the price of gold by the miners, you get a specific number. The higher that number goes, the more cheap the miners are relative to gold.
The bigger picture (this part of the chart is missing here since it’s mostly historical data):
$gold:$xau
The data shows that 11 is roughly the threshold where miners become seriously undervalued. How much? Well, if we consider 6 to be the norm, it would mean they are currently sitting at almost "half price."
Naturally, the average Joe is too terrified to buy right now. They’ll wait until things are overvalued (say, below 6) because there's some logic to following the trends.
Sure, they could slide even lower, but nothing I've pointed out suggests that's likely.
If this bull market keeps rolling and gold hits, say, 2400 like it did back in 2013, and if the gold-to-miner ratio ($gold:$xau) corrects back to 6, we're looking at a +41% move for gold, but nearly a +150% jump for the miners. If the ratio stays at the current 10.5, gold at 2400 puts xau around 228. But at a ratio of 6, xau would hit roughly 400. Current 162 + ~150% = 400.
----------------------------
I don't really get the gold bugs on this forum. Everyone is busy typing away about minor daily hits to gold or silver stops—just a few Dollars here or there—while there's an actual massacre happening in the "soul" of the market, which is the miners. And yet, not a single word about it.
#1975 ·
A final analysis for the paper traders 😉
You're spot on about the miners. They've been in the crosshairs for years now. I don't want to sound like some conspiracy theorist, but the most logical play here is that they're just trying to squeeze them into bankruptcy—especially the junior miners.
Why bother? No miners means no precious metals. In this twisted banking world, that would put fiat back on top. But those guys are so far gone they can't even see they're sawing off the branch they're sitting on.
Even though I walked away from the paper nonsense a long time ago, I still think there's plenty of potential in the juniors. A couple of years back, I pulled some profit out of Tinka (http://investing.businessweek.com/re...p?ticker=TK:CN), and if I ever decided to touch miners again, those are the ones I'd watch.
You're spot on about the miners. They've been in the crosshairs for years now. I don't want to sound like some conspiracy theorist, but the most logical play here is that they're just trying to squeeze them into bankruptcy—especially the junior miners.
Why bother? No miners means no precious metals. In this twisted banking world, that would put fiat back on top. But those guys are so far gone they can't even see they're sawing off the branch they're sitting on.
Even though I walked away from the paper nonsense a long time ago, I still think there's plenty of potential in the juniors. A couple of years back, I pulled some profit out of Tinka (http://investing.businessweek.com/re...p?ticker=TK:CN), and if I ever decided to touch miners again, those are the ones I'd watch.
#1976 ·
Watch out for individual stocks, especially single mining companies.
When it comes to miners in general, they’re driven by pure human nature—they're wild. Just like silver, they tend to skyrocket and then absolutely crater. You can see that ratio in the charts I posted; one minute they're worth X, and the next, they've surged toward 3 almost instantly. That's the kind of volatility we've been seeing so far.
Every bull market has its own quirks. In this current run, gold is clearly the boss, but miners often decide to march to the beat of their own drum. Junior miners offer massive profit potential, sure, but they're also high-stakes gambles because most of them just go belly up during development. Then you've got the explorers...
By the way, I hold some physical silver (picked it up around $29). It wasn't about the "paper vs. physical" risk debate for me; it was more about how easily you can hold onto physical metal through all these ups and downs, plus other systemic risks.
I forgot to mention yesterday that miners closed just slightly above their 300-week moving average. Basically, that 300 mark acted as a floor and stopped the correction right there:
The HUI mining index—the blue line represents the 300-week moving average.
When it comes to miners in general, they’re driven by pure human nature—they're wild. Just like silver, they tend to skyrocket and then absolutely crater. You can see that ratio in the charts I posted; one minute they're worth X, and the next, they've surged toward 3 almost instantly. That's the kind of volatility we've been seeing so far.
Every bull market has its own quirks. In this current run, gold is clearly the boss, but miners often decide to march to the beat of their own drum. Junior miners offer massive profit potential, sure, but they're also high-stakes gambles because most of them just go belly up during development. Then you've got the explorers...
By the way, I hold some physical silver (picked it up around $29). It wasn't about the "paper vs. physical" risk debate for me; it was more about how easily you can hold onto physical metal through all these ups and downs, plus other systemic risks.
I forgot to mention yesterday that miners closed just slightly above their 300-week moving average. Basically, that 300 mark acted as a floor and stopped the correction right there:
The HUI mining index—the blue line represents the 300-week moving average.
#1977 ·
vividgull10 said:I mean, come on. You're shorting silver... acting like a silver shorter... shorting the paper version... then you get pissed when someone shorts the actual silver. 😍
Let me try to step in here and give you a different perspective. There are people in this world who simply aren't interested in gambling with precious metals. Personally, I buy exclusively physical bullion, and I have no intention of ever selling it. Why wouldn't I sell? Well, I have a career and a steady enough stream of paper income to live quite comfortably within the current system. My impression of this group is that there isn't really anyone here who sold off their positions during the market swings just to pivot back into gold or silver—people who are now sitting there trembling because they're worried about what happens next with these manipulated prices.
#1978 ·
ironstag8 said:Let me try to step in here and give you a different perspective. There are people in this world who simply aren't interested in gambling with precious metals. Personally, I buy exclusively physical bullion, and I have no intention of ever selling it. Why wouldn't I sell? Well, I have a career and a steady enough stream of paper income to live quite comfortably within the current system. My impression of this group is that there isn't really anyone here who sold off their positions during the market swings just to pivot back into gold or silver—people who are now sitting there trembling because they're worried about what happens next with these manipulated prices.
Fair enough.👍
I've got nothing against that approach... personally, I'm just waiting for the right moment to grab some physical metals and bury them out in the backyard.
PS.
I really hope there isn't a group of people here who sold everything for something else and are now sweating bullets.
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