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   Gold/Mining/EnergyGold Price Monitor


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To: Cogito Ergo Sum who wrote (115245)11/23/2021 12:58:40 PM
From: Rarebird
   of 116339
 
So have I....Thing that gets me, I own a few retailers that are down 3-4% today because BBY and ANF reported earnings and were down 16%. The same thing happened a few days ago to the upside when M and another retailer beat estimates and the stocks surged 18%.

Wonder what the hell my GPS will do when they report after the close? I am going to probably sell half sometime today and play it frugal.

I wish I had a crystal ball.

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To: Rarebird who wrote (115247)11/23/2021 1:00:39 PM
From: Cogito Ergo Sum
   of 116339
 
Well I booked last of my profits on DML as it tracked relatively CCJ.. popped today I missed a few K...

cannot look back eh :)

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To: Cogito Ergo Sum who wrote (115248)11/23/2021 1:08:09 PM
From: Rarebird
1 Recommendation   of 116339
 
I know traders who look back and eat themselves up alive on every move they make and they got ulcers. I don't look back for health reasons. Stock trading is like being an athlete: there's always the next game or trade. Key is not to make the same mistake more than once.

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To: Rarebird who wrote (115249)11/23/2021 1:11:30 PM
From: Cogito Ergo Sum
   of 116339
 
There is always another bus :)

No I am content.. as posted I started at 1.20 range .. :) so a very nice trade with a cushion .. just be careful not to lose the cushion :)_

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From: Rarebird1/6/2022 8:46:40 AM
2 Recommendations   of 116339
 
I'm shocked Gold has been moving sideways in this higher rate environment. Ultimately, higher rates are poison for Gold and the Miners.

Long way down is coming.

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To: Rarebird who wrote (115251)1/6/2022 1:09:47 PM
From: Horgad
   of 116339
 
Most likely you are correct, unless the Feds have finally lost control of inflation and the currency. That being a rare once in maybe 100 or 200 year event, people should not bet on it, but rather should be insured against it. IMHO

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To: Rarebird who wrote (115251)1/6/2022 1:19:57 PM
From: Sun Tzu
   of 116339
 
I wonder if some central banks are adding to their gold reserves.

What do you make of silver? I would have expected that it should be doing much better than it is based on pick up in industrial activity while the mainlining capacity is still not that high.

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To: Horgad who wrote (115252)1/6/2022 1:21:17 PM
From: Rarebird
   of 116339
 
Ultimately, the Fed is going to have to choose between an outright recession and possible Great Depression or inflation. When all is said and done, I think they will back off after the Market falls 15%-20%.

The days of Goldilox are over.

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To: Sun Tzu who wrote (115253)1/6/2022 1:26:54 PM
From: Rarebird
   of 116339
 
It's always hard to figure whether Silver is being viewed by the Market as an industrial metal or a currency. Sure, it is both. But the market usually treats Silver like its big Sister, Gold.

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To: Rarebird who wrote (115254)1/6/2022 1:33:41 PM
From: Sun Tzu
   of 116339
 
I agree. As I said the other day, inflation should peak in Q1 and growth is slowing down. Which should make for a contrary bet on bonds.

But all tech is not the same. As I look at the SPACs, I cannot think of any reason why they could not go below their IPO.

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