@HardingMike
@davidingolcar
That's not the way the world works. That's not the way any of this works.
Why are you tapping away on Twitter when you could be working to cure cancer?
This gold market is scary.
Scary, in what this relentless rise and massive buying from mysterious sources implies.
Reminds me of an email exchange I had a while back with James Grant. He signed off an email with a virtual toast to some fantastically high gold price.
I replied,
@HoarseWisperer
@RexChapman
Ospreys turn the fish head-first for less wind resistance. Eagles don't bother doing that because, damn it, they're eagles.
Now that gold's in uncharted territory again, I'll break out my old comps to give some indication of the upside potential.
In the 1970-74 bull, gold rose 5.6X from trough to peak. In the 1976-80 run, it multiplied 8.2X. In the ’00-’11 bull, it went 7.5X.
The low for this move
Wow. Ray Dalio on CNBC just says a typical portfolio would have a 10%-15% gold "overlay."
That's 2x-3x what a mainstream, modern portfolio theory-based recommended allocation would be.
I'm asking those who love the outdoors to post a picture YOU took. Just a pic. No description. The goal is to regain peace and harmony without negativity. Please copy the text, put a picture on YOUR page, and let's look at these beautiful pictures.
Brilliant, as usual.
"The only thing 'dangerous' about a gang of Reddit investors blowing up hedge funds is that some of us reading about it might die of laughter."
Lots of gold commentary on CNBC today, but most commentators (not
@pboockvar
, of course!) are crediting "geopolitical factors" for gold's rally.
I don't think geopolitics are significant factors for gold in general, but unless they're throwing dollar weaponization into that
Gold and stocks soaring in response to a hint that another central bank *might* be pivoting and that this *might* exert some pressure on the Fed to at some point in the future do the same.
Imagine what will happen when the Fed fully pivots?
So sorry to hear of the passing of my friend Jim Dines. He was truly brilliant, a pioneer in the newsletter industry, and I'm glad I had the opportunity to tell him so over the many years that I knew him.
On this day four years ago, we issued a buy rec for Filo at $1.85 in
@GoldNewsletter
. A near 18-bagger with this take out. We were the only newsletter to recommend Filo pre-discovery.
CNBC finally covers gold...and this is what we get.
I searched this through and through, and found not a single correct statement.
Don't be enticed by the gold rally, expert says: Investors 'buy gold and hope it doesn't go up'
$2,500 gold, here we are (on a contract basis).
Most analysts don't understand the power of this bull market. Despite setbacks, it's setting higher highs and higher lows (and setting a higher high at this moment).
They also don't understand what $2,500 gold does for
Flash crash in spot gold immediately rectified. I'd suspect a fat finger except the crash wasn't a straight line down — looks like a concerted effort. Whatever the reason for it, the market obviously wants more gold at a higher price.
Never seen anything like this, even in 2008.
CME raises margins and apparently forces out the longs. Honey badger commercials don't care.
We'll see how long and far paper gold & silver can separate from physical. Stay long & strong — if the pressure keeps up, the absurdity of Comex will be revealed.
Good reason to vote for Joe Biden, who will raise Elon Musk’s taxes to help address the problem, rather than Donald Trump, who will do the reverse with the opposite effect.
New
#s
out today with GDP. Annual interest expense on Fed debt: $853 billion. Each year, every year. Next up: $1 trillion-plus.
If nothing else, this is what will stop the Fed. Powell doesn't have Volcker's toolbox.
As I've been posting here, gold at $2,500 dramatically transforms the mining industry from top to bottom…yet it seems like no one is yet noticing.
The good news is that this has created some amazing opportunities — ones that we are detailing in Gold Newsletter right now.
One
Many expert voices here are admitting that they don't know exactly what has sparked gold's big rally.
Trust these people going forward. They're honest.
Ya think things are getting a little out of control?
BTW, this number is likely well over $1 trillion right now on a run-rate basis. Imagine the rhetoric when the squad in Congress gets a load of that number.
One of the key characteristics of this run in gold has been that the Asian investors are in, the central banks are in...but the western investors aren't.
After just a couple of positive mentions re gold on CNBC over two days, and the metal is now closing toward an all-time high
@DiMartinoBooth
Completely misses the point. Using the dollar index to measure the dollar’s purchasing power is like using the other boats floating in the bay to measure the falling tide.
@Mark_J_Perry
This is the kind of crap that happens when you shield consumers from price signals. In this case, through scholarships, grants & loans.
If you want to make something really expensive, make it free.
Again: This is the most important piece of gold research in quite some time.
It validates what I and others have been postulating: The gold buying has been coming from China...it's price insensitive...and once Western trend-following investors jump in it will be explosive.
Yesterday I published the article below under a different name. Shortly after publication, though, new data came out and I decided to rewrite the article. Sorry for any misunderstanding.
Rebel Capitalist channel has been removed by
@YouTube
.
I received no warnings, no strikes, no evidence. Just email saying it was removed.
Only explanation was “severe or repeated violations of community guidelines.”
Makes no sense? Was very careful to follow rules.
The more intelligent you are, the more likely you are to be biased. Great piece here explaining that dynamic and how being curious and humble combats it.
@SantiagoAuFund
Why Smart People Believe Stupid Things, by
@G_S_Bhogal
How many ways can someone be wrong? Gold is a speculation? The dollar is a store of value?
Is he stupid or lying? (And yes, those are nonexclusive.)
Fed Chair Powell: 'Crypto is substitute for gold not U.S. dollar'
Just got off a delightful introductory Zoom with
@jenstilmanydots
. She is an incredible asset to the
#mintwit
junior mining community and will be for years to come. Highly recommended follow.
If I'm figuring this correctly, gold went from $1,400 to over $1,500 in only 20 trading sessions. History says they'll force it back below $1,500 a few times, so be prepared.
I finally got around to reading Jan's latest research. Suffice to say it's groundbreaking (as expected) and extremely important to understand why gold has held up so well in the face of rising yields and other strong headwinds in recent months.
Reading between the lines, my
The West Is Losing Control Over the Gold Price
The East has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the West’s long standing pricing power.
Argument that Covid-19 is a temporary, exogenous event that is artificially discounting the stock market — and that investors should seize this opportunity to buy stocks on sale — assumes that the stock market was appropriately valued before the crisis.
50 years today, the gold-backed dollar was killed...and Gold Newsletter — his tool in the fight for gold legalization — was birthed by Jim Blanchard.
You can see and read the first issue of Gold Newsletter here.