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   Gold/Mining/EnergyGold Price Monitor


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To: Rarebird who wrote (115212)10/25/2021 1:44:35 PM
From: Rarebird
   of 116473
 
I continue to like the PPLT chart very much. The only thing that is standing in the way of PPLT from surging to $140 is the chip shortage since Platinum is used by the Auto makers and the more cars that are produced, the more Platinum will be used.

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From: Rarebird11/11/2021 8:52:07 AM
1 Recommendation   of 116473
 
Seems like Gold has broken out a bit. But I continue to like PPLT over GLD in terms of upside moving forward, much more.

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To: Rarebird who wrote (115214)11/11/2021 1:56:28 PM
From: Sun Tzu
   of 116473
 
I bought some 2x gold for my longer term portfolio this morning.
I also looked at PALL and PPLT. The fact that so much of their fortune is tied to ICE engines makes me hesitant to favor them over gold. IMO they are more of industrial auto metals than precious metals.

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To: Rarebird who wrote (115214)11/11/2021 5:57:48 PM
From: Rarebird
   of 116473
 
What is your price target for the POG? I am on record stating PPLT will head to a first target of $120, then consolidate before it heads to $140.

PPLT will benefit from the end of the chip shortage in 2022. As for whether PPLT is a precious metal or not is of no interest to me. I only care about price.

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To: Sun Tzu who wrote (115215)11/11/2021 5:58:30 PM
From: Rarebird
   of 116473
 
Message 33570175

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To: Rarebird who wrote (115216)11/11/2021 6:19:31 PM
From: Sun Tzu
   of 116473
 
2k for gold and we'll take it from there.

As to why one should care about whether or not PPLT is a precious metal, it is because it will help you (at least it helps me) predict where the price will be. So while the price movement is the most important factor, it is not the only factor or we'd never have gap moves in anything.

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To: Sun Tzu who wrote (115218)11/11/2021 6:33:14 PM
From: Rarebird
1 Recommendation   of 116473
 
I use mostly technicals, primarily Elliot Wave to determine price. I do look at some fundamentals, insider buying and balance sheet to see if it confirms my technical outlook. If it doesn't confirm, I won't take a position.

I am very choosy about initiating positions, long and short. If I am lax, I will likely pay the price.

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To: Sun Tzu who wrote (115218)11/11/2021 6:37:09 PM
From: Rarebird
2 Recommendations   of 116473
 
You may want to take a look at BCX. It is a natural resource and commodity ETF from Black Rock. They pay a dividend every month, which comes out to about 5% annually.

I like the holdings very much and have a very nice position.

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To: Rarebird who wrote (115220)11/11/2021 6:47:42 PM
From: Sun Tzu
   of 116473
 
Blackrock is a good company - both to own and to buy products from.

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To: Rarebird who wrote (115220)11/11/2021 7:23:25 PM
From: Sun Tzu
   of 116473
 
I think I will buy some, because I trust Blackrock and also the chart looks good. But I gotta tell you that there is very little info on the fund. Neither ETF.com nor ETFDB.com has any info on it. The only source I found was blackrock itself and they are relatively quiet about how the sausage is made.

Thanks for the recommendation.

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