Gold: Past, Present, and Future

Are miners just a paper asset? So a Bubble in mining would basically be a Bubble in paper? Please. Mining companies are gold factories and all that—that's where the actual value gets "created."

Mining stocks are just pieces of paper.
The companies can always just churn out millions of new shares, diluting whatever you actually own until it's worthless.
And they can always tank to zero if the banks decide to pull a political or financial stunt on them...

Really solid video here. I'm still chewing on that first part—like, why isn't gold actually in the Bubble phase yet, and how does the dollar basically end up being worth two cents? 😍The breakdown starting at the 21-minute mark was what really grabbed me.

http://www.youtube.com/watch?feature...v=lTFmXHl5qVA#!

Anthony Evans78 said:Mining stocks are just pieces of paper.
The companies can always just churn out millions of new shares, diluting whatever you actually own until it's worthless.
And they can always tank to zero if the banks decide to pull a political or financial stunt on them...

🤦🙂

At least silver is looking pretty good right now.

Looks like we might be heading back to those Silverstein Properties leasing days. If silver finally takes off, they’re sitting on a massive stash bought at rock-bottom prices...

The current "issue" is that we’re closing in on 1800. That means there's a massive chance for a quick $70-$90 dip. You just have to be ready to hold through it, because honestly, we could just rip straight up, or this correction might be nothing at all. Today's jobs report is our first real shot at seeing which way the wind blows.

quiettrucker12 said:The current "issue" is that we’re closing in on 1800. That means there's a massive chance for a quick $70-$90 dip. You just have to be ready to hold through it, because honestly, we could just rip straight up, or this correction might be nothing at all. Today's jobs report is our first real shot at seeing which way the wind blows.

Yeah, Fidelity Investments, but let's be real—they haven't exactly been hitting the bullseye lately!

I honestly thought we were headed for another leg down below 1520, but Dollar General suddenly flipped the script. That said, I’ve been saying for a while now that grabbing silver around 27 or 28 was a massive opportunity for anyone looking to buy and hold physical metal. I’m not sure many people actually had the guts to pull the trigger, though. Look, there isn't much of a difference between buying at 28 or 24—it's all dirt cheap. I mentioned this back when we were sitting at 28.

The market action over the last few weeks has probably been about as brutal as it gets. If you're trying to trade this, you have to be ready to flip your entire thesis on its head in a split second. Most people just can't do it, or frankly, they don't want to.

When it comes to long-term holding, I still stand by what I said: those 27 or 28 levels in silver were a steal.

Look, if we’re talking buy and hold, picking up silver at $27 or $28 was a solid move. But from a trader's perspective? I totally missed the run on miners, watching them climb from just under 500 on the HUI to nearly 540. Total bummer. Now I'm stuck in that classic dilemma: bank the profits now or ride through this minor correction I'm expecting—maybe a $70 to $90 dip.

Dollar General is climbing, so I’m out. It vanished from my screen in seconds—so much for all that "paper strength." ☕

Keep your cool, folks—especially your blood pressure... the numbers fluctuate constantly, and it seems like the timing of everything just depends on whoever's sitting in the big chair at the top.
I’m telling you, I have a feeling this whole dip is just a distraction. It’ll likely bounce right back up to the 1500-1600 range soon enough, but hey, we’ll just have to wait and see if I'm right.

It’s highly probable that hitting somewhere around 1,760 was the absolute peak of this bounce following the correction. We’ll likely slide back down toward the 1,600 mark and settle into a period of consolidation before the bull market picks up steam again. That said, I think the odds of a deeper correction—dropping below 1,520—are incredibly slim.

I really miss Massimo!

massimo1

neondriver5 said:Keep your cool, folks—especially your blood pressure... the numbers fluctuate constantly, and it seems like the timing of everything just depends on whoever's sitting in the big chair at the top.
I’m telling you, I have a feeling this whole dip is just a distraction. It’ll likely bounce right back up to the 1500-1600 range soon enough, but hey, we’ll just have to wait and see if I'm right.

Honestly, as long as we haven't crossed that 1800 mark plus change, there’s still a chance the correction keeps going down toward 1520. It's more likely it stays above 1600, but don't rule out a dip even lower than that 1520 level.

Hey everyone, just dropping this here to shake things up a bit! 😍

http://finance.yahoo.com/blogs/break...HRlc3QD;_ylv=3

Is this actually worth commenting on? ☕

It’s necessary.
Hahaha. 😂
☕

analogharbor44 said:Hey everyone, just dropping this here to shake things up a bit! 😍

http://finance.yahoo.com/blogs/break...HRlc3QD;_ylv=3

I suspect we might be looking at another slight or perhaps even a more significant price correction... time will tell...

Great read on the gold standard—Tenebraum really lays into that fool Norris (not Chuck 😬).

The absolute highlight of the piece for me, though, is this bit right here. Just look at who actually benefits from this whole broken system when you break down the incentives:

Some of the economists polled probably really don't know any better, but we wager that a great many are driven by their personal motives: in a free market economy, only the services of the best would be paid for, and the pay would probably be considerably less than it is today.

And then there's that sharp closing paragraph:

As to the gold standard, we reiterate that it does not matter whether gold or another, more suitable medium of exchange is picked by the market. It stands to reason however that by dint of thousands of years of experience, gold would probably play a big role in a free market monetary dispensation.