Member Info for BuggerTheBanks

This "expert" has just been talking about when the Fed will normalise its balance sheet.

Hahahahahahahahahahahahahahahahahaha!

Give me a minute while I go find some dry underwear.....

Is this guy an idiot? Or a paid bankster shill? If he EVER thinks the Fed will normalise its balance sheet, I'll take the other side of that trade. ALL. DAY. LONG.

Hope you don't mind the cold, Mr King, because you might feel a little bit chilly when I take the shirt off your back.

Thanks for playing, "expert".

Typical of our so-called "markets" that, as other posters have already pointed out, the Fed promises to debase the currency at an ever increasing rate, & yet REAL money (gold & silver) FALL on this news. Consequently I have invented a new game: it's called "Spot The Manipulation". It sounds fun to begin with but is actually far too easy & quickly becomes tiresome.

In other news, following the Met Office's prediction of three months of non-stop rain, sun tan lotion is now sold out nationwide. Which headline is more ridiculous???

End the Fed!

It's also listed on the TSX under "PGM", but that's Canada (not the US). Puzzled.

Correction: market cap for PUR is £600M, not $600M.
Apologies: but my sentiment still stands.

Jokickass, I prefer Pure Gold Mining (PUR) to GGP. Market cap $600M. First pour due within 3 months. Check out their drilling results in Red Lake. If you think Shanta's recent drill results were impressive, this will knock your socks off. Seriously.
Disclaimer: I hold BOTH Shanta & Pure Gold Mining.

Carvegyber, I'd considered MAG silver, but as I already have exposure to the Juanicipio project, I didn't want to double-down. It does, however, remain on my watchlist & I may well BTFD in the event of a significant sell-off: I'm still waiting for this & still expect it by year end, but would (honestly) be happy to be wrong.

Financial advisors will (of course) never urge you to go "overweight" to the extent that you have.
That said, however, it seems we are in a similar position. Of my market exposure, I hold about 55% in miners. The others are mostly defensives, although I have been unloading some of these with the expectation of buying them back cheaper. Time will tell on that front.

I often make the point (to anyone who will listen) that there's not a financial advisor on the planet who doesn't think you should have any gold exposure, but most will only suggest 5%. By the time the last financial crisis reached it's peak, those same advisors who were advocating holding 5% in PMs, were then advocating 30% in PMs......AFTER the gold price had risen 300%. I prefer to buy low & sell high ;)

I think most people here are ahead of the curve. I'm no "expert" (we've all seen how wrong they can be over recent years), but I've done my research & I understand the monetary system: how it REALLY works, & I believe it is the monetary system that will ultimately drive the gains here.

I take responsibility for my own investment decisions & prefer the back-&-forth of these forums to listening to some snooty financial advisor who doesn't even know where money comes from. Right now, both my instincts & my knowledge are screaming "PMs & miners". It's possible I'm wrong & I get battered like a fish fillet, but if that is the case, then it's on my own head &, frankly, were that to happen, I think we've all got bigger things to worry about.

FWIW, while they're not (yet) my best performing holdings (that honour belongs to CMCL & GPM) I'm a huge fan of Pan American Silver & Chesapeake Gold (I know Sprott just piled $15M into Chesapeake last month) & the two together give you a nice gold / silver combo. But let's not forget, a rising tide will (to a large extent) float all boats: just being in the sector should see you through what's coming.

GLA.

BBBear: agreed. We are now at the stage on exponential money printing. Tipping point was reached some time ago. We've already gone over the cliff, we simply haven't hit the rocks yet & the money printing will accelerate as those rocks loom large.

On a slightly different (but related note) I have been observing regular / predictable movements in the gold price over the last month. For 14 of the last 17 trading days, between 6 & 8am GMT, gold falls.

Unfortunately, for the likes of you & I, the movements are not usually big enough to trade. For the banksters, however, they can probably make out like the bandits that they are.

When the day comes that we return to the volatility of a few months ago, individiual investors will be able to trade this to their advantage.

Keep an eye on it. The regularity of it is something to behold.

Nuri, I was referring to First Majestic. I bought (& continue to hold) FRES & will review my position once we hit my price target (£30).

I suspect we see PMs going in opposite directions.

Because.........what, exactly? Are the criminal banksters at the Comex just having another Bring Your Own Monkeyhammer party?

GoldenBull, good luck with your investments. I bought WPM back in May & am currently sitting on a 15% (paper) profit. I bought Pan American back when I bought FRES (October'19), & whilst FRES is currently edging-out PAAS, it is PAAS that I regard more highly. First Majestic has been on my radar for some time. I can't bring myself to buy-in at these levels, but will certainly BTFD.

Good to have you along for the ride.

I only looked at the composition of the GDX & GDXJ for the first time around a month ago, & whilst I can't remember exactly what was where, I do recall that I had 5 holdings in one & 4 in the other (either GDX or GDX). What did catch my attention was that three of my holdings showed up in BOTH the GDX & GDXJ.

Wish I could remember what was where, but the holdings were:-
Centerra Gold
Equinox Gold (I think)
Fresnillo
Pan American Silver
Sandstorm Gold (or may have been Terranga Gold).

It did strike me at the time that certain companies were in both indices/ ETFs. I see their composition is rather different now.

How is membership calculated? We've been rising very nicely recently so surprised to see we've dropped out.

Perhaps the rotation into "safe-haven" / defensive assets has (finally) begun...

I come to check the share price, but I stay for the comments.
Great insight here (thumbs-up).

Having got in at £6.60 last October, I could sell half, get my original investment back & play with the house's money. As I'm expecting a March-esque pullback, it would be the sensible thing to do. So why am I dawdling??? :)

We're not doing badly, IMHO. We're pretty much where we were when gold was over $100 higher & silver was more than $2 higher. Have the metals go back to their recent highs & where will we be? £15?

Cue a good day for the metals. More will follow.

We've seen recent (& ridiculous) all time highs, but now oil is noticably on the slide, the NASDAQ started falling last week & the Dow is now following suit.

Is this just a blip before markets power on to even higher ATHs, or has the rotation from momo to value begun?

BBBear, I couldn't have put it better myself. Thank you (again) for some great input. I fear that the world is in even more trouble than I realise.

MacauMike, you may have missed my point: that being that (with the exception of Erdogan's Turkey) GOVERNMENTS are no longer responsible for setting interest rates. That privilege / power has been handed to UNELECTED, UNACCOUNTABLE & UNAUDITED Central Banks. They can (& do) do what they want.

Inflation is a symptom of a debt-based fiat currency. Go back to a time when money was created as a unit of value (as opposed to a unit of debt) & in almost every instance you see no inflation.

Infection is theft. That's the easiest way to describe it & that's my opening salvo when ever anybody asks me to describe it.

Apologies for getting a little OT on this board. I was simply playing Devil's advocate by pointing out that Central Banks could deliver the world into the hands of the Elite by raising interest rates (& justifying that move by claiming it's necessary to defend the respective currency). The fact that it would bankrupt dozens of nations is of no concern to them. They will simply argue that Central Banks were given their independence to separate money from politics: if politicians have chosen to overspend then that is their problem & not within a Central Bank's jurisdiction.

Do I think this will happen imminently? No.
Do I think it will happen before the end of the decade? 50/50.