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Same view Canetoad.
Personally, I'm open-minded about Bitcoin, but not obsessed with it. It's similar to gold in my view - both have scarcity and are expensive to mine. I think the earlier Kitco video that I posted sums up the situation well, from the perspective of a gold investors. That bitcoin is like a digital gold.
Watching Gold at the moment, seeing it turn down again on a whim is why it's started to lose some of its shine. Its performance has been abysmal and I'm starting to get sick of staring at red on most of my (large) gold mining positions (CEY included), while I'm making a small fortune on my bitcoin mining ones...
Well said CaneToad- yet another person who wish they'd had some crypto! The green-eyed monster is a dreadful thing. Of course I could lose the lot- but as I said yesterday, already taken out 3* my original investment so if it goes to zero remains a massive gain. You've gotta be in it to win it, which is more and more and more people are adding a small % of their portfolio to crypto.
@Squid: "Bitcoin is tanking, gold is flying.."
Year-to-date:
=============
Bitcoin: +378%
Gold: -4.7%
=============
(source: https://tradingeconomics.com/)
If you wondered why there is movement on gold
Save ur for a crypto forum- no one cares here :-)
'Urgent’ Action Needed—‘Massive’ Bitcoin And Crypto Price Collapse Warning Issued Over Systemic Risk
Earlier this week, influential central banker Jon Cunliffe, currently serving as the Bank of England's deputy governor for financial stability, warned "a massive collapse in crypto-asset prices [is a] plausible scenario" and the fast-growing bitcoin and crypto market could pose a threat to the financial system if not urgently regulated.
https://www.forbes.com/sites/billybambrough/2021/10/17/urgent-action-needed-massive-bitcoin-and-crypto-price-collapse-warning-issued-over-systemic-risk/
Binance CEO Issues Serious Crypto Price Warning As Sudden Bitcoin ‘Flash Crash’ Knocks Ethereum And Wider Market
https://www.forbes.com/sites/billybambrough/2021/10/21/binance-ceo-issues-crypto-price-warning-after-sudden-bitcoin-flash-crash-knocks-ethereum-and-wider-market/
Yes it is insider .
When it boils down to it , I think that the taxi driver the hair dresser her husband et al are acting out of the "fear of missing out"
This year that is lol
No disagreement from me Jeffa
Oh yeah now only up about 400%, damn it’s pathetic this crypto lol
This stock smells. End.
Bitcoin is tanking, gold is flying..
Oooops NOT my only gold stock!
This sp is pathetic today compared with other pm’s. Glad it’s my only gold stock-
I'm wondering if Gold is going to surge now that Russia and China have been buying so much...
EXCELLENT !!!!!
https://www.bullionvault.com/gold-price-chart.do
Russia continues to add gold to the country’s huge forex reserves
https://www.rt.com/business/537986-russia-gold-reserves-growth/
Prices of precious metals moved higher on Friday seemingly prompted by the United States dollar's slight decline, as well as somewhat pessimistic data regarding Eurozone's and Germany's economic recovery.
On the COVID front, Germany's daily infections reached a five-month high, while Russia continued the grim trend of posting record levels of both new cases and fatalities.
Gold jumped 1.31% to sell for $1,806.43 per ounce at 9:35 am CET. Silver strengthened 1.86% to sell for $24.61 per ounce a minute later and platinum added 1.52% to go for $1,068.94 per ounce. A minute after that, palladium was up 0.35% to sell for $2,026.5 per ounce.
Breaking the News / BU
Steve as soon as I mention the sells are always more than the buys the current volume goes the opposite way as if to prove me wrong. Today’s buys are currently at 4.4m with the sells at 1.2m
Some say the volume is not a reliable gauge.
I honestly don’t know.
On the plus side Mark Bankes bought 40k shares a couple of weeks ago so surely if there was anything negative in the upcoming mine report I’d imagine he would be aware.
(MrBond commented the day Bankes purchase RNS was published something about how he could afford to buy a lot more. MrBond if you see this can you please comment.)
The other day the metals were up and I checked five miners and they were all flat.
I’d just like to see a bit more positivity about the share price that’s all.
Gold on the up again
https://goldprice.org/goldprice.org
Thanks Razor- Cowichan or Goldgnome anything to add would be much appreciated
Steve I have no more knowledge on the life of Sukari than I expect you and many others have.
There is a life of mine report scheduled to be published on December 1st.
The stock does seem to be limping price wise, no matter what way the market is trading Cey shares always show a muted response.
Watching the volume after the close every day this last few months has proven that the sells are continuously out performing the buys.
I found this interview refreshing, in that it's from a precious metals investor:
https://www.youtube.com/watch?v=LCM6YnCpdlE
Thanks Razor- what is the position on Sukari now? I'm unclear- will it get back to where is was once clearing done?