Should investors be worried about next week?
Chris temple kicks off the day with us by discussing the impact of the ISM and construction data that was released today. These numbers disappointing which is making the dollar slide as well as the markets but everyone is still looking to the unemployment numbers tomorrow. The big question is with this recent (small) pullback in the markets will traders get to their desks on Tuesday and start hitting the sell button?
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Well, I wonder if I make it to 116.
Does Avi seriously think the dollar will be around in fifty years!
Good one
Ascended Masters need not worry.
+1
Absolutely silver will be $1000 in 50 years, thing is minimum wage will be $1500 an hour
Imagine what those lego sets will be going for.
Whats really funny about lego sets, its parents that buy them, the kids seem to prefer a box of blocks,that way they get to build what they want.
Think the marketers got that figured out?
I doubled my money on Licoln Logs…. lol
I got a Triple out of Tinker Toys….. then I trimmed the winnings.
What am I bid for a 60 year old Gilbert erector set in excellent condition?
If you Lego my Eggo, I’ll raise my Lincoln Log into that Gilbert Erector set. That should Capsela it off nicely….
I bet he waffles on the deal…
Lego My Eggo 1995 Commercial with Granny jumping over everyone!
Well, at least I wrote my conclusion, correctly (Meaningful not meaningfull, of course.
Sorry, tables do not post……I wish I knew a way!
Yea……….are we gonna be around then? What is the map between here and there look like? Tells me that the $ wil be worth less than one hundredth of what it is today.
The android versions of ourselves will be scurrying about, slingin’ Silver and PGMs rounds.
And EXK too!
Don’t leave out Americas Silver, Impact Silver, Alexco Resource, Avino Silver & Gold, Silver Bear Resources, Silvercorp, Silvercrest, Silver Bull, Aurcana Corp, Nicola Mining, Santacruz Silver, Great Panther Silver, Maya Gold & Silver, Brixton Metals, Cyprium Mining, Defiance Silver, Bayhorse Silver, Bear Creek mining, Kootenay, Arizona mining, Levon resources, Klondike Silver, Azarga Metals, Monster Mining, Golden Arrow Resource, Golden Minerals, Hochschild, Fortuna, Orex, Canasil, Mirasol, Minco, Rio silver, Dolly Varden , Prospero Silver, MAG silver, Trevali, Silver Range Resources, Silver Grail resources, Caracara Silver, Aura Silver, Plata Latina Minerals, Sierra Metals, Mandalay Resources, or Fortuna Silver.
I added to a few of those this morning, all for the 50 year plan in Silver of course…..
I was looking at Precious Metal ETFs.
Sym Name Weighted
Alpha Last Change Percent High Low Time Links
SILJ Purefunds ISE Junior Silver [Sm +202.02 15.70 +0.29 +1.88% 15.85 15.00 12:16
SLVP Global Silver Miners MSCI Ishares +146.64 13.92 +0.32 +2.35% 13.99 13.40 12:16
SIL G-X Silver Miners ETF +136.43 44.24 +1.12 +2.60% 44.45 42.48 12:15
GLDX G-X Gold Explorers ETF +110.49 38.12 +1.05 +2.83% 38.24 36.36 12:08
SGDJ Alps ETF Trust Sprott Junior Go +102.10 40.62 +1.55 +3.97% 40.69 38.26 11:53
RING Global Gold Miners MSCI Ishares +97.72 10.96 +0.35 +3.30% 10.96 10.44 12:09
GDX Gold Miners ETF Market Vectors +89.71 26.31 +0.82 +3.22% 26.40 25.17 12:17
SGDM Sprott Gold Miners ETF +85.25 24.06 +0.79 +3.39% 24.14 23.01 12:15
SIVR Physical Silver +30.90 18.45 +0.18 +0.99% 18.47 18.24 12:16
SLV Silver Trust Ishares +30.77 17.90 +0.18 +1.02% 17.94 17.69 12:17
DBS DB Silver Powershares +29.66 29.63 +0.22 +0.75% 29.67 29.38 12:10
USV CMCI Silver TR ETN UBS E-Tracs +28.80 24.65 -0.02 -0.08% 24.65 22.70 08/30/16
PSLV Sprott Physical Silver Trust ETV +28.79 7.18 +0.06 +0.84% 7.18 7.09 12:16
JJP DJ-UBS Prec Metals TR Sub-Idx ETN Ipath +20.90 61.78 +0.10 +0.16% 61.78 59.26 08/31/16
GLTR Physical Precious Metals Basket +20.07 65.98 +0.33 +0.50% 65.99 65.21 12:01
UBG CMCI Gold TR ETN UBS E-Tracs +18.80 34.33 -0.62 -1.77% 34.33 34.33 08/31/16
DBP DB Precious Metals Powershares +18.11 40.30 +0.18 +0.45% 40.33 40.04 12:16
PHYS Sprott Physical Gold Trust +17.35 10.84 +0.05 +0.46% 10.85 10.75 12:15
IAU Gold Trust Ishares +17.23 12.65 +0.05 +0.40% 12.68 12.58 12:17
SGOL Physical Swiss Gold +17.05 127.92 +0.55 +0.43% 127.97 127.19 12:14
GLD SPDR Gold +17.01 125.31 +0.53 +0.42% 125.51 124.55 12:17
OUNZ Van Eck Merk Gold Trust +16.94 13.02 +0.06 +0.46% 13.03 12.95 12:15
DGL DB Gold Powershares +15.46 42.46 +0.19 +0.45% 42.52 42.21 12:16
PTM Long Platinum TR ETN UBS E-Tracs +12.42 11.52 +0.25 +2.22% 11.72 11.15 12:10
SPPP Sprott Physical Platinum and Pa +11.57 7.20 -0.05 -0.69% 7.26 7.15 11:57
PGM DJ-UBS Platinum TR Sub-Idx ETN Ipath +9.90 22.30 unch unch 22.30 22.30 09:52
SLVO CS X-Links Silver Sh -1.72 9.91 +0.10 +1.02% 9.91 9.80 11:50
GLDI CS X-Links Gld Share -6.03 10.35 +0.01 +0.10% 10.35 10.33 11:58
And I could not find any logic behind there price increases, until I looked at effective P/Es.
ym Name Weighted
Alpha Market Cap P/E Ratio Alpha Beta Yield Links
SILJ Purefunds ISE Junior Silver [Sm +202.02 83,581 28.56 27.07 0.52 1.23
SLVP Global Silver Miners MSCI Ishares +146.64 92,004 41.58 14.75 0.56 0.14
SIL G-X Silver Miners ETF +136.43 456,685 45.67 16.35 0.85 0.16
GLDX G-X Gold Explorers ETF +110.49 77,964 -258.67 30.80 0.69 5.08
SGDJ Alps ETF Trust Sprott Junior Go +102.10 53,717 32.46 N/A 0.25 0.41
RING Global Gold Miners MSCI Ishares +97.72 273,088 49.15 15.27 -0.04 0.27
GDX Gold Miners ETF Market Vectors +89.71 9,328,066 74.40 12.94 0.16 0.46
SGDM Sprott Gold Miners ETF +85.25 216,489 37.03 N/A 0.18 0.79
SIVR Physical Silver +30.90 360,248 0.00 12.16 0.75 0.00
SLV Silver Trust Ishares +30.77 6,715,670 0.00 11.95 0.76 0.00
DBS DB Silver Powershares +29.66 99,654 0.00 11.44 0.80 0.00
USV CMCI Silver TR ETN UBS E-Tracs +28.80 9,983 0.00 12.40 0.81 0.00
PSLV Sprott Physical Silver Trust ETV +28.79 1,012,589 0.00 N/A 0.60 N/A
JJP DJ-UBS Prec Metals TR Sub-Idx ETN Ipath +20.90 7,741 0.00 7.25 0.24 0.00
GLTR Physical Precious Metals Basket +20.07 261,609 0.00 6.62 0.45 N/A
UBG CMCI Gold TR ETN UBS E-Tracs +18.80 13,420 0.00 6.10 0.03 0.00
DBP DB Precious Metals Powershares +18.11 305,672 0.00 6.21 0.24 0.00
PHYS Sprott Physical Gold Trust +17.35 2,318,429 0.00 N/A 0.07 N/A
IAU Gold Trust Ishares +17.23 9,549,765 0.00 5.48 0.10 0.00
SGOL Physical Swiss Gold +17.05 1,109,535 0.00 5.35 0.10 0.00
GLD SPDR Gold +17.01 39,687,088 0.00 5.34 0.10 0.00
OUNZ Van Eck Merk Gold Trust +16.94 161,111 0.00 N/A -0.30 N/A
DGL DB Gold Powershares +15.46 263,190 0.00 5.25 0.09 0.00
PTM Long Platinum TR ETN UBS E-Tracs +12.42 22,540 0.00 1.07 0.84 0.00
SPPP Sprott Physical Platinum and Pa +11.57 110,101 0.00 N/A 0.69 N/A
PGM DJ-UBS Platinum TR Sub-Idx ETN Ipath +9.90 8,189 0.00 0.92 0.66 0.00
SLVO CS X-Links Silver Sh -1.72 8,339 0.00 N/A 0.13 16.00
GLDI CS X-Links Gld Share -6.03 24,816 0.00 N/A -0.20 15.45
Sorry the tables are a bit of a mess, but if you look at the percentage gains column in the top table, and the P/E ratios in the bottom table,
You will see that the best performance correlates with meaningfull P/E ratios.
It looks to me that PMs will move sideways to down tomorrow for the long weekend.
Cornering the silver market:
Big fat bull flags forming on silver and transports but will the Ws complete or crash?
Avi Gilbert says silver in going to $1000 an oz. in 50 years. Hang on to your SLW, TAHO, PAAS, HL, MUX, AXU, PPP, AG, SSRI, etc.