Peter Schiff’s latest podcast makes mention of the 2011 rally out performing the present rally in PM stocks when AU was trending much lower in price…PM”s have long way to go… https://www.youtube.com/watch?v=M5nFJOm2NyQ
Not meant negatively but that tells you something about those particular stocks. If the underperformance was 3 days or even 3 weeks sometimes things take a while to develop. 3 months in this environment?
Look at SIL:SLV. It’s more than just particular stocks—it’s the whole group. Yes, some stocks I own like EXK have done well, but relatively speaking EXK was doing terribly the last few years, so it is really just playing catch-up.
It’s time for miners to “show me the money.” The descending wedge of $xau;$gold that Fully has posted a couple of times will tell the tale. On a risk adjusted basis, miners have beyond terrible investments for the last 30-40 years. Years ago, Hugh Hendry hypothesized that mining stocks were a terrible investment vs billion, because the higher bullion prices went, the greater the risk of mine nationalization and windfall taxation. So far he has been right.
Well you could gamble by simply using leverage via gold futures. Again, the risk in miners has absolutely not been worth it. Could that change? I have been banking on it, but until it actually proves itself, bullion is in the drivers seat.
Convert it to gold
It will fit then
Most of the silver stocks I own have been flat to down vs silver for the last 3 months. On a risk adjusted basis bullion is blowing them away.
Peter Schiff’s latest podcast makes mention of the 2011 rally out performing the present rally in PM stocks when AU was trending much lower in price…PM”s have long way to go…
https://www.youtube.com/watch?v=M5nFJOm2NyQ
Not meant negatively but that tells you something about those particular stocks. If the underperformance was 3 days or even 3 weeks sometimes things take a while to develop. 3 months in this environment?
Look at SIL:SLV. It’s more than just particular stocks—it’s the whole group. Yes, some stocks I own like EXK have done well, but relatively speaking EXK was doing terribly the last few years, so it is really just playing catch-up.
Day trader mentality and “intestor” psychological mentality has a long way to go due to the prolonged bear market “manipulative” damage…JMO GL
It’s time for miners to “show me the money.” The descending wedge of $xau;$gold that Fully has posted a couple of times will tell the tale. On a risk adjusted basis, miners have beyond terrible investments for the last 30-40 years. Years ago, Hugh Hendry hypothesized that mining stocks were a terrible investment vs billion, because the higher bullion prices went, the greater the risk of mine nationalization and windfall taxation. So far he has been right.
Yes I agree…if we all just bought Gold and Gold only we would be way ahead…but that’s boring…we NEED to gamble.
Well you could gamble by simply using leverage via gold futures. Again, the risk in miners has absolutely not been worth it. Could that change? I have been banking on it, but until it actually proves itself, bullion is in the drivers seat.
Atomic You believe in Gold manipulation but Not Virus Manipulation…interesting cnnundrum
🙂
Well if anyone has those many papers should buy now:
according to the ratio of Gold n silver: Buy one oz coin and 76 ozs of silver.