The Dow Jones Industrial Average; Standard and Poors; and, Nasdaq all closed up today after the unemployment rate came in at 4.9%
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You guys seemed not to notice Pt and Pd…….much bigger rises than gold!
Pt & silver appeared to move in lock step today, anybody else notice.
ONLY GOLD ! DAY ARE PUPING WATER !!! https://www.youtube.com/watch?v=UbjVJTfugLY
Water make humans work !
Really Chris ? https://www.youtube.com/watch?v=ZQkFHqAC7kk
I a Good Man! Buy real gold 1 stock i hold 5 years BUY ORVANA MINERALS ! Can’t lose !
Buy silver ! Don’t buy stocks buy real silver !!!!!!!!!!!!!!!!!!!!!!!!!!!!
James, real silver in hand. +9
No mining shares. They are going
to zero. No notice. One day the
system will lock up. Or enjoy the
ride while it lasts. Live everyday
like its your last. For high risk players
who have no regard for eternal things.
It is going to be a long night for police officers all over the nation.
It happens every week……….it is Friday.
The NYSE Gold Miners Index just had its highest weekly close since early April, 2013. So even the worst market timers are up if they spent the last three years accumulating their positions. However, those who bought the best companies on serious weakness have done extremely well.
You can buy wrong or sell wrong and still make money but you can’t do both and get away with it – yet most will keep trying.
Notice that the 200 week EMA has crossed above the 200 week simple MA.
It would be interesting if they also worked on thorium.
Silver finished another week bullishly above its weekly Bollinger Band and finally took out the 200 week MA as well…
On the daily chart, silver put in a very nice bullish engulfing reversal candle…
Thank you, CFS, I missed that.
Interesting. CFS – Thanks for that chart on the commodity index.
The USDX is down about 26% since late November when priced in gold…
Sounds like Chris and the Doc are saying that even now, after some miners have seen 500 or 600 percent increases in just 6 months, that it is still time to get into loads of the miners?
Are some of the miners actually still going to double from here?
Many of the Juniors will still go many, many multiples of just a double Bob. ESPECIALLY those whose COSTS are based in currencies other than the $US.
Its important (imo) to look at not only good mining prospects, management & cash burn……but also the currency the costs are based on.
Cheers.
I was watching several US miners, such as Coeur, this week and it just kept going up despite silver going down at times. It is, as an example, up about 6 or 7 times from its start of the year low – it seems crazy that it could still double in price from here.
So is a US miner like Coeur an example of one that could double, or more, from here or are you talking about miners in places like Oz, South America, etc?
Bob, I have no holding nor follow Coeur.
I’m talking about miners whose COSTS are based in currencies like the Aussie, the Rand, the Looney etc.
Many of whom that have benefited already…..& will benefit more so imo in time to come.
Cheers.
Ah, OK. Understood Skeeta.
Its also about a currency play Bob, not just a gold price rise in $US.
Look no further than the Pound’s reaction after the Brexit leave vote.
Local Mining currency costs versus a $US gold price are two different entities.
The gold spot price in $US can be falling/going sideways but rising elsewhere in other mining jurisdictions.
Its a currency play.
Cheers.
Skeeta – I agree with your reasoning on the currency advantages for certain miners operating in Canada, Australia, Africa, and S. S. America. This has been true all year and will remain so moving forward, unless the US Dollar falls out of bed for some reason, (which I’m not really expecting). For the mid-term, I see the greenbackcontinuing to trading in a range where it has been between over the last year or so.
I sold my Coeur@12.06 on Thurs, so it will probably double from here.
Ha ha ha Bonzo – at least you should have made some excellent profits?
Out of interest, why did you sell up?
I have been so belwederid in the past but now it all makes sense!
Exactly Chris, on the big Gold move this morning