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 Replies: 5,643 / Views: 459,554 |
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Valued Member
United States
300 Posts |
I have been in and out of BGEIX, a fund of PM miners over the years. I too am concerned about the debt binge and feel we may be at the boiled frog stage of the game there with the new interest in: https://www.cnn.com/2019/01/13/poli...t/index.htmlSome deride MMT as the magic money tree and it seems we have been at least on a semi MMT governing basis since several have at least inferred that deficits don't matter. Instead of following the liars next to holes in the ground (for now), I've taken to buying RYJUX every time the US 30 year bond falls under 3% yield. We'll see what happens. Not very exciting and I don't recommend it for SANE folks, but it may precursor a paradoxical rise in real rates and the US dollar before it is safe to get back into PMs. https://www.bloomberg.com/news/arti...nd-go-abroadI'm looking to reenter PMs lower--looking at the real bowwow of PMs--platinum and the chance of one more great waterfall down to $600 oz US or below. In relation to gold we are already at lows there not seen since over 100 years ago and I would not be surprised to see PLAT:GOLD at .50 before it is safe again there. Time marches on. |
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Valued Member
Canada
128 Posts |
Quite an article the red ink is the new black ink. I follow the TLT as a guide in thinking on long term rates. I can't believe people looking at 20 year rates at 2.65% is very bullish for stock markets going forward. My pm purchases are mainly for insurance and are equally split between miners and owning physical.
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Valued Member
United States
300 Posts |
LOL--as far as politicians are concerned they are color blind when it comes to ink !! I hear you on the insurance. I'm not good with insurance and held on too long when things went bad for PMs over the last few years. Don't know what will happen in the future, but the best gold rally that has happened recently happened when the US 30 year treasury hit its lowest rate ever in 2016 of 2.1% (and of course TLT soared). And being bearish on bonds does not give me much hope on PMs for now. https://c.stockcharts.com/c-sc/sc?s...550170996733Always an open mind--biggest threat right now is the coming collapse of RE in China--and aren't they the ones who supposedly are buying all the PMs?--that's what all the gold bugs say--whatever would they sell in a RE collapse? I'm thinking we will have another down move that will coincide with the troubles there--that is why I mentioned $PLAT at $600 or less. https://asia.nikkei.com/Spotlight/C...-the-economy |
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Valued Member
United States
300 Posts |
 Chart I tried to link to. |
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Pillar of the Community
United States
606 Posts |
Gothic, BGEIX is one I like as well. I pay for a service that texts alerts and then buy or sell this fund along with several others. I also like USERX.  |
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Valued Member
United States
300 Posts |
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Valued Member
United States
300 Posts |
 In the age of magic money.javascript:insertsmilie('  ') |
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Pillar of the Community
United States
606 Posts |
Gothic, BGEIX is up about 14% so far this year.- after today.
I haven't in it since 2016 and then only caught part of the rally. Timing was OK this time getting in late December. However, I wish I had entered a few months earlier.
If gold reaches 52 week high over next few months, that mutual fund might start to get interesting.
Good luck to you.
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Valued Member
Canada
128 Posts |
Nice charts the BGEIX sure looks like its just starting to come off a bottom.The AGG weekly I can't quite figure out other than to say it looks like its breaking out of an ascending wedge that started in 2016. The China real estate market article didn't seem to inspire confidence. Again on BNNs "weekly" they showed a chart showed very large central bank buying of gold recently, I know you shouldn't always listen to the talking heads but it just seems as there is getting to be more of a buzz around pm's lately. Should be interesting as we approach summer as that seems to be a period of weakness for gold.
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Valued Member
United States
300 Posts |
 AGG spells danger to me especially in light of the series of higher lows and highs we have had in the US 30 year treasury rate since 2016. But central bank fraud can always paint a different picture in a heartbeat. Lots of justification for a gold rally based on central bank buying from the same rubes that screamed central bank manipulation on the way down. So what will it be? Have no clue although the goldies are happy going into their long USA Prez day WE--Family Day up in Canada? |
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Pillar of the Community
United States
606 Posts |
Sorry, Gothiic — USERX is the one up, not the one I mentioned. It's been a good month, but agree with you anything can happen. I'm watching Fed and other variables, but mainly just follow Gary Wagner's gold forecast. He is far more knowledgeable about metals than anyone I've met and enjoy his daily updates. Like others on here, I collect physical as a hobby, but don't expect to make money off the real stuff. Premiums, storage, and selling too difficult for me to figure out.  Edited by MontanaCMR
02/16/2019 5:52 pm
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Valued Member
United States
300 Posts |
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Valued Member
United States
300 Posts |
Anyhow--I am extremely bearish on all things inflated by any central banker--no matter where they are located. At present it seems like "Jyna" is trying to legitimize its gobs of newly created "money" by laundering it through gold--thus converting it from fake money to old money. See we really do have communist alchemists around (hehe). I do collect coins and love them, but I don't like inflated assets here--none of them, most especially PMs and bonds. I really don't care if we breach the big 1400 US$ on gold either--that just may be a great place to short the alchemists (LOL).    |
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Valued Member
United States
300 Posts |
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Pillar of the Community
United States
606 Posts |
Thanks for he link to 321gold.
Love the centralized location for related articles.
Now I have something to read today.
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Replies: 5,643 / Views: 459,554 |
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Posted 02/14/2019 04:59 am
