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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (160397)	7/21/2020 12:54:43 PM
From: TobagoJack	2 Recommendations Recommended By marcher zamboz Respond to of 217845

Signed on w/ silver. Had always treated silver as an afterthought, but must wager if wagering on gold, else inexcusable. Purchased SIL, and garnished w/ shorted puts on SIL and on PAAS, akin to using the sashimi’s sauce to garnish the underlying sashimi.

To: carranza2 who wrote (160397)	7/21/2020 3:44:38 PM
From: TobagoJack	1 Recommendation Recommended By zamboz Respond to of 217845

Won’t work out well, at the sorry end, but given our current positioning, let’s see how far the mob can do for the greater good kitco.com Record Gold and Silver Prices Catching Robinhooder Attention—That’s a Big Deal Conventional wisdom gets that way by being right for a long time. But things change. What was once tried and true may not hold under new circumstances. For instance, I’ve been told for many years that it’s a waste of time trying to interest young people in investing, especially in gold stocks. But I’ve made a hobby of doing that since 2003, so I know it can be done. Last year, I wrote an article saying that I thought millennials would catch on to gold. More recently, I argued that the rise of Robinhood is actually bullish for gold. And now a combination of just the right factors shows that I may be right far sooner than even I imagined. These factors include: The rise of Bitcoin has made young people aware of the lack of intrinsic value in fiat currencies, and the danger that government money-printing poses to wealth. Even though most young people’s teachers would have been dismissive of gold, if they ever even mentioned it, the value of gold still permeates our culture, as we can see in expressions like “Good as gold,” or “It’ll be a gold mine.” It also permeates video gaming, where gold pieces are often in-game money—and even when not, whatever currency units are used are often colored gold. The rise of Robinhood has made it easy and fun for young people to invest. The COVID-19 shutdown and generous unemployment checks for young people with few obligations has brought millions of them into the market. The spectacular success of some Robinhooders has made speculation popular among smart young people—perhaps even fashionable.A skeptical investor may—rightly—ask how I know that this exciting theory is actually true. Well, I have to say that this is a new trend, so things may not go as I hope. But there is relevant data… Have you heard of Robintrack? Robintrack is a free website built by a 23-year-old programmer (of course) that allows users to see what Robinhood users are doing in several ways, including popularity changes and participation in individual stocks. For instance, have a look at this Robintrack chart of Tesla. No surprise, it’s quite popular. The number of shareholders has surged to almost half a million with the share price surging to almost parity with an ounce of gold. Old curmudgeons like me look at this chart and think: “Classic case of FOMO.” But look what was happening last summer. There was a contrarian surge of interest—and it looks like a lot of those people took profits when the current insane rally got going last fall. That’s what I would have done. That’s interesting, but the important news for resource investors is that Robinhooders are indeed jumping on gold stocks in response to gold rising toward record levels. Where would they go first? To the biggest, most obvious stocks, like the SPRD Gold Trust ETF (GLD) and the world’s biggest gold miner Newmont (NEM). That’s just what we see. These stocks aren’t attracting anywhere near the number of Robinhood shareholders as Tesla, but that’s to be expected. What’s important to me that the number buying in since the March meltdown has gone vertical. There was also a significant surge in buying GLD last summer after gold’s big breakout delivered a wake-up call to anyone paying attention. These data support my thesis that with time, money, and access, all it took was for gold to get exciting for Robinhooders to jump on the bandwagon. After all, it’s all fun and games to make fun of old codgers hoarding guns and gold, but it’s stupid to ignore a chance to profit. Now here’s an interesting twist. I’m not surprised to see Robinhooders reacting to gold approaching new all-time-highs. But what about silver? It’s up a bit, but still in the doghouse, really. And yet big silver companies like Pan American are catching Robonhooders’ attention as well. This suggests to me that the Robinhooders flocking to gold understand that silver is a monetary metal as well. That’s extremely bullish. One more thing. Gold and silver aren’t the only metals up this year. Uranium is also up sharply. That’s got Robinhooders’ attention as well, as we can see in this chart of Cameco (CJJ). That’s only 2,000 Robinhooders owning shares in Cameco, a much smaller number than for the big gold and silver stocks above. But it’s actually about the same number as own Franco Nevada (FNV), perhaps the world’s most well-known gold royalty company. More important, in my view, is that uranium is widely hated. Many resource investors assume that “politically correct” millennials would never buy a uranium stock. The data suggest that this is not so. Bottom line: young investors can see and are acting on opportunities to speculate for profit on commodities stocks. This is extremely bullish for gold and silver now, and the entire resource sector going forward. That's my take, P.S. To be kept abreast of more opportunities, dangers, and issues affecting investors, please sign up for our free, no-spam, weekly *Speculator's Digest. By Lobo TiggreContributing to kitco.com* www.independentspeculator.com Sent from my iPad

To: carranza2 who wrote (160397)	7/22/2020 2:36:48 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217845

I was thinking of going 'all-in' yesterday, and / but did not am thinking again today In the meantime ... “The risk of supply disruptions is becoming higher, especially at deep-level mines, as the infection rate increases,” said Karl Gevers, a portfolio manager at Johannesburg-based Benguela, which oversees about $1.2 billion. “History shows that a higher gold price is followed by higher costs 12 months later as miners start moving into lower grades, and this would cause some worry for investors.” but of course everything DRD does is on the surface, and its workers are more for development of new works to exploit new tailings dam as the producing tailings dam is on autopilot 24/7 work work work. The end result being current income continuing, and future income delayed (resulting in better pricing, presumably). Should DRD crater based on CoVid, all-in called for, for personal gold-banking secret weapon, and would definitely consider shorting one round of puts to pay for residency permit and airplane tickets and airBnB transition whilst shopping for residence bloomberg.com Foreign Investors Shun S. African Gold Stocks on Virus Fears Robert Brand Not even a record rally can entice foreign investors to South African gold stocks. With gold prices soaring on the heels of monetary stimulus, shares in producers of the metal are back in favor around the world. But investors are fretting about supply disruptions at South Africa’s mines as a result of soaring Covid-19 infections, according to Benguela Global Fund Managers Ltd. Non-residents sold a net 2.1 billion rand ($128 million) of the country’s gold shares since the beginning of last week through Tuesday, even as a Johannesburg index of gold miners climbed more than 6% to the highest on record. That’s more than half of the total outflows from the equity market in that period, more than any other sector, according to JSE Ltd. data. Virus infections in Africa’s most-industrialized economy climbed above 370,000 this week, making it the fifth-worst affected country globally. Gold mines, already among the world’s highest-cost producers, are struggling to boost output after a lockdown that temporarily closed down operations. “The risk of supply disruptions is becoming higher, especially at deep-level mines, as the infection rate increases,” said Karl Gevers, a portfolio manager at Johannesburg-based Benguela, which oversees about $1.2 billion. “History shows that a higher gold price is followed by higher costs 12 months later as miners start moving into lower grades, and this would cause some worry for investors.” The rand’s 5.3% gain against the dollar in July is also eroding profits for gold miners, who sell the metal for dollars, but pay costs in the local currency. That may be prompting some investors to take profits on gold stocks, said Gevers. The FTSE Johannesburg Gold Mining Index of five companies is up 16% this month, compared with the 3.8% advance for the benchmark FTSE JSE Africa All Share Index. (Updates flows data in third paragraph.) Before it's here, it's on the Bloomberg Terminal. LEARN MORE