Goldtent TA Paradise

Kids

1. silverboom says:

   August 12, 2020 - 9:51 am at 9:51 am

   Spoken like a true goldbug

2. Karl says:

   August 12, 2020 - 9:58 am at 9:58 am

   I hope you are not being premature. To be sure there is a clear long term trend up — since a long time ago. Not too much to worry about if one has enough cash for bills.

   On the other hand on the very short term I am not so sure that the down has been decisively been reversed. Moreover, people seem to happy and all too sure of themselves. I am among them. I bought a few more shares of a small company in hopes of a quick profit–at much higher prices than I paid for some other shares I hold in retirement accts. (I have studied the geology and the company, but I do not understand either well enough to feel comfortable naming it in case I am badly wrong.) I am flirting with gambling with cash I should be guarding. This behavior is a worrisome sentiment indicator. Watch for a bigger crash in prices soon!

   • Karl says:

     August 12, 2020 - 11:21 am at 11:21 am

     I see someone else (Plunger, posting above this one, on QH) has investigated IRV.cse IRVRF, making me a little less concerned that I am misleading people, so I’ll mention it. That’s what I bought more of this morning near the opening of the market. Like him I have the other QH stock NVO, which is controversial, but I’m comfortable holding it.

     I think it might be good luck that the head of the company named it IRV after her cat (Irving). Even black cats can be lucky, I think.

     I still am unhappy about the optimism about gold and silver. I am a less unhappy about the prospects of Irving, even at lower precious metals prices. I try to look at the companies with a mind towards possible lower metals prices.

3. Nautilus says:

   August 12, 2020 - 10:46 am at 10:46 am

   These corrections can last weeks to months. A bounce after yesterday’s historic drubbing isn’t too unexpected. Plus, miners are acting very weak relative to the metals, yet again. Could they bounce higher in the near term? Sure, but I would be willing to bet the double-wide that they are going to be making lower lows in the days and weeks ahead.

   • silverboom says:

     August 12, 2020 - 10:50 am at 10:50 am

     I did not realize you live in a double-wide, but methinks you are correct. Bought some more puts this morning.

     • Nautilus says:

       August 12, 2020 - 11:00 am at 11:00 am

       I’m living large.

     • Nautilus says:

       August 12, 2020 - 11:23 am at 11:23 am

       I don’t think buying puts now is going to do much good. I’m guessing premiums skyrocketed yesterday.

       I contemplated selling over the last 2 weeks, but I didn’t, knowing full well what could happen. I probably misspoke above when I said I was willing to “bet” on lower lows, because in actual fact I am not (I am just trying to mentally prepare myself for the worst). There’s even a small chance gold and silver could form pennant consolidations over the next few months.

       And even if we do ultimately make a lower low, there’s a substantial chance puts bought today could be in the red for quite some time before paying off weeks from now.

4. Nautilus says:

   August 12, 2020 - 10:57 am at 10:57 am

   Absolutely crazy divergence between silver miners and silver over the last few weeks. AG and AXU down yet again today with silver up big.

5. Alfa8 says:

   August 12, 2020 - 10:58 am at 10:58 am

   Long-term projections are mostly futile. If one concentrates on Intermediate moves, the major Tops and Bottoms will automatically take care of themselves… Clutching a Target is a good way to get hit.

6. North says:

   August 12, 2020 - 12:25 pm at 12:25 pm

   Fully, I was wondering if you were going to be nice to those kids. Hey wait a minute. We are the kids. 🙂