Member Info for DrJamain

look longer term - the chart clearly shows contrary motion between silver and FRES throughout 2021.

Yup, this is falling as the assets it produces rise, the gap between silver and FRES is silly.
Something has to give and I've put money behind my view that FRES will rise rather than PMs cratering.

Well Greg Mannarino is bullish based on the PM/DOW ratios. Interesting from 3.20:
https://www.youtube.com/watch?v=mCcpSoaEJ2Y

I suspect money shifting from crypto to PMs along with the underlying need to hedge against fiat currency devaluation

Yup, cleaning out the stops and consolidating the bottom before making hay is my only explanation for this.
Let's hope this is finally the trend reversal.

I've traded over many years and today's price action is just about the craziest thing I've yet seen. Looks to be rising now though :)

Yup, cryptos losing their lustre, PMs shining brighter.
Unless there is something nasty we don't know about this looks like opportunity. Topped up again and will keep doing so.

Another morning of head scratching here: cryptos taking a big hit, money moving into PMs, gap up then hammer down - I am quite perplexed.

Insanity...but also has to be opportunity!

It's because the US 10 year yield is up over 4%.

Yes, the price of PMs is highly manipulated, however there are only so many tools in the box. I suspect in time they will run out of levers and PM prices will begin to reach fair value - however the journey is likely to be pretty bumpy!
I will keep a core holding of the usual suspects (FRES, CEY, HOC etc) but have enough on the sidelines to buy if there is a significant retrace/panic.

the 10 year yield if up 3.4%, that is sucking the life out of PMs today.

Yes Noel, a row of dominoes indeed. They will fall because that is the plan.

It's really simple:
1) a massive increase in fiat currency chasing a limited amount of goods, this supply of goods having been suppressed because of the pandemic response slowing the money velocity.
2) As things open up the velocity increases and the hidden inflationary pressures start to show.
3) The Green New Deal/Agenda 2030/Great Reset will inhibit new wealth creation/consumption - we cannot produce our way out of it and end up with inflation, unemployment, state dependency, UBI and centralising of wealth and power.
4) CBDC rides to the rescue with a rigged debt forgiveness package - the middle class are impoverished and captured.

I believe that PMs are one of the best hedges against this scenario.

Greg Mannarino's view:
https://www.youtube.com/watch?v=BXZ6zKUy22A

FED balance sheet - this is a measure of the inflationary pressures that are under the surface:
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

We are electric beings with profound sensitivity to electromagnetic fields.
If you read this it will challenge and inform your view of electromagnetic radiation and its impact on life:
https://www.amazon.co.uk/Invisible-Rainbow-History-Electricity-Life/dp/1645020096

The problem with people like Kando is they combine ignorance and arrogance - sadly he is not unusual currently.

Cyber Polygon is real and documented as is the Great Reset, the 4th Industrial Revolution, Agenda 21/2030, The Green New Deal, Event 201 etc. These are not 'conspiracy theories', they are official policy initiatives and simulations.

Our world is changing fast. Kando can live in ignorance and indulge in puerile ad hominem putdowns but I strongly suggest he opens his mind and starts to research where humanity is heading.

1) These are not vaccines, they are experimental therapeutics. They are designed to reduce symptoms, not to stop contracting or transmitting the virus.
2) We are in a global phase 3 trial - these jabs are experimental.
3) It is impossible to give informed consent because there is no mature data to inform people.
4) Having worked in pharma for 25 years no medication I have ever worked with would have been approved with a fraction of the adverse events currently reported on the MHRA and VAERS systems.
5) Hopefully creating support in the low 850s :)

No-one can call the bottom and 876p may not be optimal but it has to be profitable in time.
PMs are as little out of favour but there is huge potential for a large bull run given the massive debt bubble and inflationary pressures. When it happens we will all be smiling.

This has now retraced to the July 2020 level that was the start of the push to £13+.
Back then the silver price was around $18.40. It is currently pushing $26.
However the downward trend has not found the bottom.
I find this baffling but surely there is opportunity here.