Gold, Silver, PM's and Markets

A sea of red except POG and King Dollar. Oh and the VIX.

We always get raids like this before a major move up. This one caught me unprepared. Normally I sell 1/3 of my shares into strength. I'm not selling any shares but the raid is showing me the weak hands in my portfolio that I will sell when the break even opportunity arises. Even miners that make a nice profit and offer dividends are being crushed. This too shall pass.

G

Frus

True. Here's its chance to break the 103 if it can.

G

USD pandemic high Mar. 2020= 103.96

https://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=5&mn=0&dy=0&id=p42976042492

This mornings high= 103.94

G

$BPGDM

Presuming POG is still in a bull market. I would expect the $BPGDM to find support near the 52 level. I’ve retained all my PM shares and plan to add to positions soon.

https://stockcharts.com/h-sc/ui?s=%24BPGDM&p=W&st=2008-04-27&id=p27596860212

We’ll see,

G

#9674

Thanks for the suggestion. Hope your trading is going well.

G

#9665

Thanks AF. I see the new symbol you mention. I cant get a quote yet though. Appreciate the help.

Thanks,
G

HoldGold #7723

GDX and GDXJ are not only down but moving lower. Just shows the TPTB can really do anything they want with the shares.

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Frus #5852 I hope its figured in too. Hate to see my RVW go back into hibernation. Ive stayed away from the markets for a few weeks but back now.
Thanks.

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Mugs #5819

Capstone is the largest and longest held position in my portfolio. I also hold Ivanhoe. These are my only copper stocks.

Thanks for sharing the link.

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Kt #3171

Happy New Year to you Kt! and all who post here. I have a very good feeling about where the PMs will be going next year. The economy and the USD not so much.

Peace and Happy New Year to all!

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Jesse22 #2534

Nice call Jesse...very nice!

G

Here you go. Right at the 200wk ma.

https://stockcharts.com/h-sc/ui?s=%24XAU%3AGLD&p=W&yr=5&mn=0&dy=0&id=p59867954200

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Apollo #2480

Speaking low RSI's take a gander. Lowest in 10 years.

https://stockcharts.com/h-sc/ui?s=ARNGF&p=D&st=2011-12-14&id=p56207113691

G

One by one my holdings are being taken to the woodshed. First it was FSM, then KGC, today ARNGF. Just a series of bad news. You pays your money you takes your chances.

https://www.argonautgold.com/English/news-and-events/news-releases/news-releases-details/2021/Argonaut-Gold-Provides-Updated-Magino-Construction-Capital-Estimate-and-Announces-Leadership-Change/default.aspx

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Ben #2340

Thanks for posting the story of Jim Key. Absolutely heartwarming. I’m passing it on.

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AF #2229

Appreciate the tip. I'm satisfied with my Wesdome purchase.

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I hold both KGC and FSM as my worst share positions and truly heartbreakers. Next in line is AXU. I bought WDOFF today. I'm also considering adding to my AXU position.

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Roan #1920

It appears to me the sector has completed its initial 3 waves up. Now into the A of an ABC decline. This will require some patience now.

JMHO

G

The gold share indexes this year remind me a little of the 1987 stock market crash. The XAU double bottomed in Mar/Apr, then topped in June. Then a 31% decline into October followed by what may be a double bottom forming here in Dec. In 1987, the Dow-SPX double bottomed in Apr/May, then topped in Aug. Then a 35% decline into October followed by a double bottom in Dec. 1987 was a steeper move down but the percentage drop fairly similar. Of course the good news is the 1987 Dow bottomed near 1750 right where the POG is today. The Dow 34 years later in 2021 just hit near 37K. Will the POG trade near 37K in 2055?

G

I'll have to live to 100 to find out.

Third time in the last few days the POG has been up nicely overnight. Last two times POG was hammered down whack-a-mole style immediately before of after the NY open creating upside whiskers on the chart.

https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&b=5&g=0&id=p07519082052

Will the third time be a charm or does it get whacked again today?

G

There's also tax loss selling going on. I certainly did not see this coming but I've used the opportunity to change weightings in different goldshares.

Frus #1289

Here's your chart. Check out chart #2.

https://investment-teachings.com/perspective-on-todays-markets/

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Frus #1088

I was thinking in BTC.

Frus I have no doubt the items you list have had an increased effect. I have noticed an increase in volatility particularly since the recent 6.2% CPI announcement made on Nov. 10. The POG seems to be bouncing $10 in minutes with mini shakeouts. I agree with you that it will get worse. Probably with a greater frequency of more than 1% up/down days in the not too distant future.

JMHO
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wolavka. They covered really quickly. At least no piling on as of yet. Good to see.

mugs #869

Just another example of banks behaving badly with what amounts to not even a slap on the wrist. In the banking world crime definitely pays.

G

FSM seeing the start of the anticipated bounce off the triple bottom. After watching the video from Mugwumps #716, I’m having second thoughts about holding any companies that have mining interests in Mexico.
G

I recently went through a 36% decline in MYAGF, and 23% in MGDPF. I used them as buying opportunities and they've come back like champs. FSM is down 31% the last two days. Although I have a little larger position this too shall pass. If FSM gets too cheap I trust it will become a takeover candidate.
JMHO
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Frus and Apollo thank you for the FSM info. I’m holding too much of it since the Roxgold merger. Should have sold at least half. Thought the combo would be a real winner. I was wrong!

G

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