Next great investment: Gold and Silver

P

pro analyser

EOG Dedicated
With gold at an all time high(2200)Silver is 25.5 a 86-1 ratio. Typically the ratio is 42-1 but central banks have manipulated the silver price for over 40 years creating a physical shortage, With the Brics taking advantage of the low price to accumulate gold, and the shanghi gold exchange trading silver at a $2 premium to the comex, I expect big things out of both gold and silver going forward. The next Brics meeting is in Russia in October, with rumors of a Brics backed currency backed by commodities.
 
P

pro analyser

EOG Dedicated
Silver was up to 29.79 and gold 2431 before the crooked banks smashed it big time. Silver finished the day down to 27.88(2 oz swing) gold smashed down to 2344. The central banks are buying gold at record amounts,making it harder to smash the price,although successful today. With gdp,unemployment, and inflation highly manipulated, to appear all is good,why have bezos,dimon,and zuckerberg all cash in, great amounts of stock. I look for a big crash and recession after the election, and inflation accelerate. Ask yourself why hasn't powell increased rates rather than mentioning cuts when everything appears good. The 34 trillion deficit will play havoc,eventually crashing the dollar.
 
P

pro analyser

EOG Dedicated
MrTop said:
silver getting buried today..3%

maybe buy the dip? i have silver and gold for many moons
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Silver will have plenty of down days as nothing goes straight up. https://www.mining.com/web/jpmorgans-most-prolific-spoofer-gets-two-years-in-prison/
JPMorgan, the largest US bank, agreed in 2020 to pay $920 million to settle the Justice Department’s allegations against it — by far the biggest fine by any financial institution accused of market manipulation since the 2008 global financial crisis.
 
P

pro analyser

EOG Dedicated
In June 2024, Saudi Arabia is expected to announce that it will cease all oil sales in US dollars, marking the end of the 50-year Petrodollar Pact signed on June 6, 1974, which expires on June 9, 2024.The decision not to renew this pact stems from Saudi Arabia's recent invitation to BRICS and its move towards dedollarization.Crown Prince Mohammed bin Salman has informed the Saudi government that the country will no longer accept US dollars for oil transactions.
This shift includes considerations to accept other currencies, such as the Chinese yuan, for oil sales, as reported by the Wall Street Journal on March 15, 2022.
 
M

MrTop

EOG Master
pro analyser said:
In June 2024, Saudi Arabia is expected to announce that it will cease all oil sales in US dollars, marking the end of the 50-year Petrodollar Pact signed on June 6, 1974, which expires on June 9, 2024.The decision not to renew this pact stems from Saudi Arabia's recent invitation to BRICS and its move towards dedollarization.Crown Prince Mohammed bin Salman has informed the Saudi government that the country will no longer accept US dollars for oil transactions.
This shift includes considerations to accept other currencies, such as the Chinese yuan, for oil sales, as reported by the Wall Street Journal on March 15, 2022.
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a few weeks back...saudi expected to get a new security deal..it has something to do with israel though..so their oil will be sold in dollars...that is why oil went down...oil could really go up if saudi balks on israel
 
M

MrTop

EOG Master

U.S. to Offer Landmark Defense Treaty to Saudi Arabia in Effort to Spur Israel Normalization Deal​

The White House is trying to keep broader regional diplomatic efforts going amid months of fruitless cease-fire talks between Israel and Hamas​



The Biden administration is close to finalizing a treaty with Saudi Arabia that would commit the U.S. to help defend the Gulf nation as part of a long-shot deal to encourage diplomatic ties between Riyadh and Israel, U.S. and Saudi officials said.



wsj june 9
 
P

pro analyser

EOG Dedicated
The cot report shows how massively short the commercial banks are. (Under commercial) This current selloff is them driving the price down,getting the large specs to sell based on moving aver. They need to get out of their massive short position before the big upside move. This is the sell off before the Brics meeting in Oct. Even though I have a big position in silver, I will add if it drops to 26.5.
 
P

pro analyser

EOG Dedicated
Gold and silver will really take off with a Kamela win,but so will inflation,WW3, and illegals,coming to a town near you. Think market tanks after election if Kamela wins.
 
M

MrTop

EOG Master
pro analyser said:
Since I have 85% of my net worth in silver I am well aware but not concerned. As the video states,when we reach 32.5 and hold(currently at 31.7) we will see a serious breakout. Brics meeting in two weeks.
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although i have silver bars and silver ETF's , I am not really high on it like gold. Central banks buy more gold than silver. China, russia and india like gold. Costco even sells both ...wait till the US population finds out that gold is performing better than the S&P
 
P

pro analyser

EOG Dedicated
While gold buying is way more than silver, the current ratio per oz is .(2644/31.66=83.55) If you believe the ratio increases, gold is the better buy. If you don't and history saiys the ratio should be 42-1,then silver is way undervalued compared to gold.
 
M

MrTop

EOG Master
pro analyser said:
While gold buying is way more than silver, the current ratio per oz is .(2644/31.66=83.55) If you believe the ratio increases, gold is the better buy. If you don't and history saiys the ratio should be 42-1,then silver is way undervalued compared to gold.
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silver after hours...31.905
 
P

pro analyser

EOG Dedicated
MrTop said:
keep in mind silver was about $49 in 2010
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I am well aware. In fact it was 49 in 1980. Been a poor investment, due to the manipulation by the banks. Brics, and a silver shortage are changing the market. I bought in 2019 and increased my holdings(aver price $24) Yes silver down big today(3.5%) Definitely higher volitility than gold,but more upside. Not much downside as the miners break even price is $25. Bull run just getting started.
 
M

MrTop

EOG Master
pro analyser said:
I am well aware. In fact it was 49 in 1980. Been a poor investment, due to the manipulation by the banks. Brics, and a silver shortage are changing the market. I bought in 2019 and increased my holdings(aver price $24) Yes silver down big today(3.5%) Definitely higher volitility than gold,but more upside. Not much downside as the miners break even price is $25. Bull run just getting started.
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yep...very interesting. ...I will be buying ticker SIVR later today... it is the physical silver ETF . Not better than the real thing of course it's been doing quite well the last 4 years. expense ratio .3
 
P

pro analyser

EOG Dedicated
Brics meeting next tues-thurs in russia Gold at 2711 new high, silver on the move to 32.16 already up 1.5% overnight. Needs to get to 32.5 and hold for major breakout.
 
M

MrTop

EOG Master
Gold Tops $2,700 for First Time to Extend Record-Breaking Run
Israel’s killing of Hamas leader sees traders flock to safety
Investors are repositioning portfolios ahead of US election


gold futures sitting at $2727. Traders think whoever is prez the dollar keeps going down.

gold beating VTI 49% to 27% last 3 years.........that says gold is now king
 
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V

Valuist

EOG Master
I think much of the public wasn't aware there was severe manipulation in the precious metals market; trying to keep the price down. JPM eventually got caught and was fined a $1 billion. Believe some other banks were fined well. Now it's not being held down and is ripping upward. Have to think right now there could be more upside in silver.

Von Greyerz: "The real run in precious metals is just starting now".
kingworldnews.com

Egon von Greyerz - King World News

Egon von Greyerz (EvG): Founder and Chairman of VON GREYERZ AG. Egon forecasted the current economic problems in 2002 (gold $300/ oz.) Egon recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system… VON GREYERZ AG is now the world’s...
kingworldnews.com kingworldnews.com
 
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