Barrick Gold Corp
Assets billed(shilled) as hedge against volatile risk assets. Proof they aren't... $800 billion margin debt being unwound. Margin calls FORCES sales of portfolio winners to cover losers.. EVEN GOLD is not safe. Dollar Index shows what people REALLY WANT is 🇺🇸 greenback.. What the whole 🌎♥️s !
Assets billed(shilled) as hedge against volatile risk assets. Proof they aren't... $800 billion margin debt is being unwound, margin calls FORCES sales of portfolio winners to cover losers.. EVEN GOLD is not safe. Dollar Index shows what people REALLY WANT is 🇺🇸 greenback.. What the whole 🌎♥️s !
Putin’s War costing $20billion/day, they only have enough rockets for 4 more days, have no supplies to make more munitions, the soldiers are using crappy 30 year old equipment and haven’t even been supplied with food, the Bosporus is shut off to Russians, GOLD/OIL are tanking, SWIFT shut down likely
I believe the market shit show will be coming soon. By spring many of you apes will be wondering “what the fuck just happened?” Best case scenario is Fed tapering. Worse case, a black swan. I predict “Hackers” will crash the financial system in 2022. Are cash and precious metals the only option?
ATHENA GOLD CORP! NEW RAID, STARTING AT 10:55! (GMT−8) First AMC Entertainment (AMC) And then Gamestop Corp (GME) They're trying to hide from us but now they're back making loads of money again, lets show them again and let them buy us out! making a LARGER RAID THAN AMC AND GME COMBINED!
ATHENA GOLD CORP! NEW RAID, STARTING AT 10:55! (GMT−8) First AMC Entertainment (AMC) And then Gamestop Corp (GME) They're trying to hide from us but now they're back making loads of money again, lets show them again and let them buy us out, making a LARGER RAID THAN AMC AND GME COMBINED! 🤑👹😱
This week we’ve had the MOST COVERED SHORTS in HISTORY ( Sold shorts for profit or loss ). 2nd most was January 2021 (GME SQUEEZE). Spy broke above 200 EMA. Inflation checks all that bullshit. Ban bet me AGAIN AS I SAID EARLIER BAN BET $25 Dollars…….NaH ban bet me $30 EOD ———————————————————————————— UPVOTE!!!!!$BBBY “IF YOUR SELLING $BBBY just to FOMO back when it breaks $25 by EOD what’s the point of selling. $BBBY to $100 End of Next Week!!!! I’ll Snort my adderall if (when) we hit $25!!!!! GOLD Baby!!!! BAN BET ME $25 EOD” - 10am $BBBY was at $20
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Pivoting to gold and miners \- Dollar is failing, its about to close the week under its weekly 9SMA since the start of the crash. \- Guess what asset performed like a king when inflation was running rampant back in the 70's and at the beginning of this year? GOLD \- Stocks like NEM are forming a weekly hammer at the bottom of a severe move down. Not oversold at all and looking like it can run to 50. \- Longterm GOLD chart looks like a huge cup and handle. \- [JPM market makers were just found guilty manipulating GOLD markets.](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiV0vuph8L5AhVjI7kGHUNyD9cQvOMEKAB6BAgDEAE&url=https%3A%2F%2Fwww.justice.gov%2Fopa%2Fpr%2Fformer-jp-morgan-traders-convicted-fraud-attempted-price-manipulation-and-spoofing-multi-year&usg=AOvVaw0Ag4o6vSntfdMYhL21s8tq) Could it be the same reason as how they handled the 08 crisis? Were they suppressing the prices of gold until they can get a big position themselves so it benefits them. \- If the FED does ease tightening that would put pressure on the dollar which we are seeing now.
The Fed was not tightening in 2016. I get it. Most people hang onto their losers too long and sell their winners too early. 2020 was a perfect example. Everyone gets to make their own choices. But when I see many stocks 5% from 52 week highs I sell and buy what no one else is buying. I bought more $GOLD today with some of my profits from stocks up over 30% in a couple weeks. The rest is being stored as dry powder.
Aloca $AA is profitable while $CENX right now is not. If I was bullish on Aluminum and wanted to buy a stock I would go with Aloca. Commodity stocks are very very volatile. In a bull market they can 2-3x. In a bear market they can be cut in half in a couple months. The market doesn't know how to properly value these stocks either IMHO. Market makers would rather just own Apple or Coca-Cola since it is easier for them to predict their future earnings. I say this as a huge holder of Oil stocks and commodity stocks like $MOS, $IPI. $CLF, $VALE, and $GOLD. Good Luck
This dude and Peter Schiff will always be bearish on stocks. Peter Schiff, ten years later after the market went up to record highs but drops 20%, "SEE, I TOLD YOU TO BUY THE 1% INCREASING PERFORMANCE OF GOLD. GOLD AND SILVER IS THE BEST INVESTMENT YOU CAN MAKE IN THIS ECONOMY." Best to ignore these depressing and gloomy clowns...
He does time the market though. He invested in $GOLD and then disinvested in it in 2021 within some 10 months or so. Those were big positions. $GOLD did collapse a bit later. I don't know how he knew or if other people are just always copying Warren Buffet.
>FEDERAL JURY CONVICTS TWO FORMER JPMORGAN TRADERS CHARGED WITH MANIPULATING GOLD PRICES, FINDING THEY USED MISLEADING ORDERS TO RIG PRICES - WSJ ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-08-10 ^17:17:11 ^EDT-0400
I was very convinced we were oversold and due a rally at the end of June. Now with CPI expected to fall tomorrow, and I believe it will, I am beginning to wonder if this CPI decrease is already overly priced in. I began buying more $GOLD last week. They say high prices are the best cure for high prices in commodities. Well the opposite works as well. The best cure for low Gold prices is low gold prices as demand increases.
>The problem is that BRK.B is not a fund and does not trade like one. That's true, but alternatively: >The ***ADVANTAGE*** is that BRK.B is not a fund and does not trade like one. One issue is the team that has largely replaced Buffett. Given his advanced age and the moves since 2020? I think he's been handing off more and more of the his work to the other nearly as old, equally experienced, and like minded senior management team at BRK. They are similar in principal philosophy but aren't exactly the same. Not a big issue for me personally, but I feel an investor ought to know what they are investing it. Examples of that: WB probably would haven't touched GOLD but BRK did a quick trade on it in 2020. WB probably wouldn't touch something like SNOW and yet BRK was in that too. Same with ATVI's purchase which Buffett even wrote a public letter to clarify that he wasn't involved with ATVI decisions/trades there because people were suspecting insider info between Gates-Buffett.
Last week I bought $GT, $GOLD, and $GGB. I like the letter G. Today I trimmed and sold some $MOS at open and sold out of $MO. I am less bullish on the letter M right now. I am debating buying more $GOLD today even after the 5% pop as no one is talking about Gold. I like to buy what people are bearish on and sell what people are bullish on.
$PLTR is one of the few tech stocks I have been watching and looking to buy that I missed out on the recent run up. I would prefer to buy $PLTR closer to $9.50 but I am not sure if it will drop that far. Revenue miss is a concern, however increase risks of a Cyber War creates potential nice tail winds. If I own stocks like $GOLD and $XOM for a potential escalation in war; than cyber security stocks make sense too.
Barrick $GOLD earnings beat this morning. 24 cents vs 23 cents exp. This is a nice beat considering $NEM had a huge miss earlier this quarter. Barrick saw 25% increase in copper mined over 1st quarter leading to their earnings beat. Copper & gold are often found in the same ore, making copper a common byproduct of gold mines. Ultimately thou, the Gold futures price will determine how much Barrick moves long term. But this is the reason I own Barrick over Newmont. Barrick's CEO is the best in the mining business.
Everyone is WAY WAY too bullish here. It's time for me to buy more shares of $XOM, $GOLD, $CLF, and maybe $MOS and $HAL. Every time WSB is super bullish and talking about those teckie $HOOD stocks again and declaring the bears are dead; it's time to buy the exact opposite type of stocks than are mentioned here. Good Luck Everyone : )
GOLD is good, I hope! All about that cute red head named WEN on Wednesday lol, and eyes on DIS. Debating opening a long position in Disney, despite recession fears ahead, but time to pick up some blue chips this month.
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They just want you to sell 1000 AMC to buy 100 MEGL and then pull a Jack move to cover their shorty pals on .. you guessed it AMC, GME, BBIG, BBBY etc. etc. soon to be APE bc Aaron ain’t playing anymore, he wants shorts GONE. My guess is he starts backing APE with straight up GOLD! Why does a movie chain buy a gold mining operation you ask? Bc he wants citadel to cover diamond hands with 24k and never short his company again unless they wanna go digging for gold. Gonna go eat a gold crayon 🖍 right now and if APE causes MOASS I’ll do it on live!
The miners are all down on recession fears, China lock downs and increasing energy prices. As raw material demand picks up again in the tail end of a downturn, dividends and share prices will in all likelihood pick up again. I personally hold RIO, BHP and GOLD. And I'll keep building my positions as long as the weakness continues.
At some point, you get convinced about what's going on. If people around the world make money and call you because they want to involve you in the Ponzi scheme they are in, or they all make money short-term from stocks. The scam market was probably more than the stock market, and now it is unwinding SLOWLY. Hating the FED or the central bankers to save the rich man's assets doesn't make my day better, though. Stocks will heavily go up when we are in a "recession" (like the democrats want it), because the FED will lower rates officially, then the gamble begins again. If inflation picks up again then GOLD and SILVER and COMMODITIES best play and at the top when the FED raising again, short the market with leverage. If it plays out, you can chill your life.
If you're asking my opinion, right now I think Tencent is a good investment through Prosus so you don't have to worry about delisting. GOLD (old-fashioned) and Activision for the Microsoft buyout. Honestly, I would maybe throw in LEU for the uranium play. I'll take a 1% commission on all profits earned thx.
Barrick Gold “GOLD” artificially being held down why Gold is about to explode due to China and Dollar… earnings blackout on 1 billion buyback… can only assume after earnings they unleash that buyback here with gold potentially bull rally… Taiwan is gonna make me rich…
Tell me you don't understand how assets are valued without saying so....show me once when silver or GOLD EVER had zero value and in what world you can foresee it occurring in, seeing as how EVERY SINGLE ITEM IN EXISTENCE nearly uses one or other as conductors. Besides the monetary value both are practical use assets.
I agree. It's not just tech stocks. I had similar experiences with my gains in $GOLD and $CLF. Lost big gains and I am negative 20% for the year on both positions. And BTW, whoever says we are gamblers maybe right; but if you own individual stocks they are all at least 5x more volatile than index funds. On the other hand you can always buy back in even if you sell for a loss after 31 days. I did sell out of $LEVI, $PYPL, and $INTC after taking a loss in Jan-March. I am up over 20% after buying back into $LEVI overall after selling out in Jan and re-entering 1st week in July. It's too early to tell on Paypal; and Intel I just re-entered Friday. Sometimes you need a couple month cooling off period on particular stocks and buy something else.
I haven't really changed anything to my portfolio tbf, just been adding to some positions that how come down in value. My $GOLD position is my biggest downer so far, being almost 40% in the red so far. I've added a couple times in the last year to it, but I think at this point I'll just let it be and see how it goes. Gold does not seem very liked by the market in recent years, maybe it will change, maybe no heck knows.
I feel they were caught and sold rather than face a public inquiry. Timing is still very sus and it sounds like they sold at a loss to avoid issues. The video of her being asked if her husband trades based on insider info she gets was GOLD!!!
with massive inflation. And the Fed doesn't seem to have the stomach to solve it. Then add in that the USD may be losing position as a reserve currency. I think we are all fucked, we just don't know it yet. I'm 12k deep into long dated call options on GOLD NEM GDX.