Gold jumped 59 $ today. It would be nice to buy platinum as 600-700 $ now, but which crazy dealer would be "fair enough" to sell at a "normal price"?
If you plan to hold long term until fuel cell demand appears, a 10% premium don’t matter. I might get another 100g bar for fun, but my focus is now on mining stocks.
@Court Jester, If you're playing a poker game and you look around the table and and can't tell who the sucker is, it's you. Paul Newman
Trump is to blame for all of this. "Mr No Gains" has inflated a fake bubble by printing trillions and now its popped. His leftist socialist policies have failed like the rest before him. Socialism never works.
All no gains had to do was be honest and he couldn't even do that. Fed puppets arent allowed to be honest. They work for the fed, not the people. Now he will live with this massive failure and the biggest crash in history on his pathetic watch. Hope selling out was worth it for him haha. Maybe next time the neocon hero will do better but I wouldnt count on it. Everyone saw this coming a mile away!
The element of national control within Fascism, Corporate Fascism or titles such as "National Socialist Democratic Party" may be a future problem....
Bail-outs are out: 2 billion QE, gold recovers huge slump as it shoots above 1,600 $ - we're on the road for 1,700 $ gold, you'll see! https://www.kitco.com/commentaries/...commits-to-unlimited-quantitative-easing.html
Zerohedge: "The US Department of Labor reports a stunning increase of 3.283 million people sought initial jobless claims last week amid the virus lockdowns (almost double the expectation of a 1.7million increase)." Source article: https://www.zerohedge.com/personal-...on-americans-just-filed-unemployment-benefits Multiple European countries are expecting hundreds of thousands, some even 1+ million new unemployed this year.
Take that 3.283 million number with a grain of salt. It's going to get revised upwards. https://www.marketwatch.com/story/n...-other-states-2020-03-26?mod=newsviewer_click
^ I'm reading conflicting figures. I'll research and wait a few days to hear the big voices: Schiff, Roubini, Jickards, Faber...
Complete insanity seems to have now gripped the financial markets ( or maybe the plunge protection team now has unlimited funds ). I was expecting a 2000 points down day on the Dow last night on those horrendous jobless claims in the US. Instead I see that the Dow 30 finished up 1351 points. Unbloody believable!
Fed balance sheet went from 4.7T last week to 5.3T (reported today, data through yesterday). Will be very interesting to see where it is Thursday next week (when they publish the next weekly report).
There is only one way I can see it going. I read that Mnuchin has been quoted as saying that the jobless numbers are not relevant now! Maybe they are not relevant to the greedy SOB investment bankers like himself, but they damn relevant to all the people who's livelihoods are being destroyed.