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Post by uncleharley on Jan 3, 2024 17:19:17 GMT
GDX is pretty close to testing its trend line or at least my approximation of it. I'm still holding GDXU but down about 15% since my last purchase. I held on through the last dip and was rewarded, but it is proving to be a white knuckle ride. Also pretty close to completing a triangle pattern, but perhaps not quite as clear. FWIW; I have sold my GDXU position.
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Gold
Jan 19, 2024 20:07:43 GMT
Post by yakers on Jan 19, 2024 20:07:43 GMT
Anyone bought gold from COSTCO? Looke like they offer a reasonable price and less hassle than some places.
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Gold
Jan 19, 2024 20:23:13 GMT
Post by yogibearbull on Jan 19, 2024 20:23:13 GMT
There used to be a limit of 2 per Member a/c & new supplies were gone as soon as Costco loaded them. Haven't checked the related news recently. OK, so 2 oz max.
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kent
Ensign
Posts: 43
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Gold
Jan 20, 2024 1:47:08 GMT
Post by kent on Jan 20, 2024 1:47:08 GMT
Does anyone know how to figure out when Costo has Gold for sale?
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Post by uncleharley on Mar 4, 2024 20:57:37 GMT
Gold & Silver appear to be doing a Jail Break. Does anyone know why? I have been sleeping at the switch.
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Post by yogibearbull on Mar 4, 2024 22:31:05 GMT
uncleharley , in 3 step-jumps on Thursday, Friday, Monday, gold is at a new high. I don't see any news. But there is news that big Middle Eastern money is now moving in Bitcoin & cryptos. It won't surprise me if some of that money also went into gold. The non-US view on gold is quite different. stockcharts.com/sc3/ui/?s=%24GOLD&id=p62941442429I also see the new free StockCharts. I don't like the new default that replaced RSI at the top with relative performance to some misfitting benchmark and this cannot be changed in the free version.
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Post by oldskeet on Mar 5, 2024 13:22:29 GMT
Yesterday CLM was up 2%. It is a closed end fund found in the Win, Place & Show Leadership Investment Strategy and represents the precious metals. It is made up of two thirds gold and one third silver. I believe its upward move is linked to the upward move found in Bitcoin as it is said by some to be the new gold currency. And, with this, the metals are now in tow by crypto.
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Gold
Mar 5, 2024 13:34:20 GMT
Post by uncleharley on Mar 5, 2024 13:34:20 GMT
I am convinced that the current rush to precious metals is driven by another move by many Central Banks to diversify their reserves away from the USD. These moves have in the past proven to be untradable by me. Consequently, I intend to watch the current move, but not participate.
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Gold
Mar 5, 2024 13:42:48 GMT
Post by yogibearbull on Mar 5, 2024 13:42:48 GMT
Yesterday CLM was up 2%. It is a closed end fund found in the Win, Place & Show Leadership Investment Strategy and represents the precious metals. It is made up of two thirds gold and one third silver. I believe its upward move is linked to the upward move found in Bitcoin as it is said by some to be the new gold currency. And, with this, the metals are now in tow by crypto. CLM? That is LC-blend CEF (unleveraged) from M* and CEFConnect. I see no gold or silver there. May be a wrong ticker?
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Gold
Mar 5, 2024 20:09:27 GMT
Post by richardsok on Mar 5, 2024 20:09:27 GMT
Gold & Silver appear to be doing a Jail Break. Does anyone know why? I have been sleeping at the switch. Yeah, SLV has recovered and then some -- but it is just too volatile to trade effectively. The closest thing I MIGHT be able to manage is GGN, which I bought today (a CEF that mixes PMs with energy). On a very weak day, preferreds (where I've been rotating to boost income) are holding up well. In a techy overbought mkt, some real estate, like O may be oppties; oddly, though, XLRE is high. $34 trillion debt (and climbing ferociously!) simply must have an investing impact -- an enormous one -- but where and how? Crypto and PMs and commodity producers might benefit, though in a 2008-style washout, everything could get slammed. I keep reading that BRICs are working all kinds of deals to reduce global reliance on the dollar, that Russia is transferring gold to China at discount. I've been lazy, or maybe just bored posting all my trades recently. But today, with GGN I also added a bit to CONY on a sharp dip. Just starting to get tentative sell signals on some broader mkt funds this afternoon. Sold DIA, added some TLT. Also took post XD gains on PFF to buy a bit of FSK anticipating XD. (that might have been a mistake.) Interesting day.
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Post by oldskeet on Mar 5, 2024 20:26:39 GMT
Hi guys. Old_Skeet should have typed the ticker symbol CEF instead of CLM. My bad. Thanks YBB for the alert. Having connective issues. Hopefully, this will be short lived. OS
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Gold
Mar 5, 2024 21:42:02 GMT
Post by yogibearbull on Mar 5, 2024 21:42:02 GMT
oldskeet , OK, CEF I know well, a Canadian gold-silver bullion CEF with possible PFIC issues for the US investors.
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Gold
Apr 17, 2024 20:32:55 GMT
Post by uncleharley on Apr 17, 2024 20:32:55 GMT
GDX has formed a flagpole pattern over the past 2 months or so. It is not for a cautious investor, but should be good for a trade.
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Gold
Apr 18, 2024 20:02:01 GMT
via mobile
Post by mikew on Apr 18, 2024 20:02:01 GMT
GDX has formed a flagpole pattern over the past 2 months or so. It is not for a cautious investor, but should be good for a trade. Hi Uncle Harley, First time poster here. I’ve enjoyed reading your analyses. I’m curious if you prefer GDX to PDBA now… thank you
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Gold
Apr 18, 2024 21:18:36 GMT
Post by uncleharley on Apr 18, 2024 21:18:36 GMT
GDX has formed a flagpole pattern over the past 2 months or so. It is not for a cautious investor, but should be good for a trade. Hi Uncle Harley, First time poster here. I’ve enjoyed reading your analyses. I’m curious if you prefer GDX to PDBA now… thank you I hold GDXU instead of GDX along with PDBA. I prefer to hold them both.
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Gold
Apr 18, 2024 21:49:34 GMT
via mobile
Post by mikew on Apr 18, 2024 21:49:34 GMT
Hi Uncle Harley, First time poster here. I’ve enjoyed reading your analyses. I’m curious if you prefer GDX to PDBA now… thank you I hold GDXU instead of GDX along with PDBA. I prefer to hold them both. Ok thanks very much for the feedback
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Post by uncleharley on May 1, 2024 18:46:56 GMT
The Fed has spoken.... The economy has not reached the target inflation rate, therefore interest rates must remain elevated. However, effective in June the Federal reserve will ease up on their quantitative easing program. The markets reacted by 5 & 10 yr treasury rates going down, Stock indexes going up, the USD going down, and gold going up. This could change tomorrow.
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Deleted
Deleted Member
Posts: 0
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Gold
May 1, 2024 20:47:35 GMT
Post by Deleted on May 1, 2024 20:47:35 GMT
Well market ended the day slightly in negative.
On Gold, There was an article in FT that Chinese investors/speculators are now investing in gold in big enough way to move gold prices. Reason is Chinese real estate and stock market is not doing well.
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Gold
May 2, 2024 6:38:21 GMT
Post by anitya on May 2, 2024 6:38:21 GMT
Well market ended the day slightly in negative. On Gold, There was an article in FT that Chinese investors/speculators are now investing in gold in big enough way to move gold prices. Reason is Chinese real estate and stock market is not doing well. This deleted member participated quite a bit in the Purchasing Power Calculator thread, which I was not following. Is it Django? I am curious, why did the member leave?
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