"Last year, Mr Hunt bought large quantities of silver on commodities markets, throwing them into disarray. Normally, these markets trade contracts to deliver a commodity at a future date, and are not prepared to deliver large amounts of the commodity itself."
The ghost of the Hunt Brothers will soon be put to rest. Hope you all have your miners and physical silver ready.
Jump up and down and move it all around Shake your head to the sound Put your hand on the ground Take one step left and one step right One to the front and one to the side Clap your hand once and clap your hands twice And if it looks like this then you doing it right. In all seriousness if the fed keeps brrrrring then I believe the price will keep going up.
Tyler Robinson
I'm going to do a bunch of research on the miners this weekend, or at least that's my plan, to decide which ones I want to buy on Monday.
Not big on the ETFs, which are fucking you with "management fees"
Does anyone have advice for how to set up gold/silver ira? I just remembered my wife has money in her 401k from her old job. I've done some research and it looks like I need to find a custodian, dealer, and depository.
Christian Collins
Discovery Metals is essential for silver, Wallbridge Mining for gold. They are two of the largest holdings in Eric Sprott's portfolio. Other than that, I recommend Bayhorse Silver, Tinka Resources, Impact Silver, Dolly Varden, GR Silver, Vizsla Resources, Alexco, Aurcana, Bear Creek, Kootenay, and Callinex.
Luis Hughes
Thanks, I'll take a peak at all of those. Are any of those low debt? Some of my initial looks showed a lot of high debt miners and I don't like investing in at-risk companies.
Wait, just noticed the reflection. Is that your gf? Nice set bro!
Thomas Phillips
they're heavily leveraged and a deflationary shock looks highly likely right now, as we are entering the second dip in the W-shaped recovery
Congress, just like in the mortgage crisis of 2007-2009, is going to let millions of americans default and be foreclosed on, so they and their friends can buy up cheap real estate and consolidate power in the hands of those with the most assets.
A serious shock to the price of miners could trigger a wave of defaults in the silver miners. The metal will only dip and rise. The miners go bankrupt, and there's no coming back from that.
I completely agree with you. That's why I'm looking for miners with no debt, or very low debt.
Also if the stock market gets rocked the miner stock holders will panic also, it's not like they are safe
Luis Carter
>Just before Thanksgiving, I met with Bunker Hunt, then the richest man in the world, at the Petroleum Club in Dallas. Bud Dillard, a Texan friend and client of mine who was big in the oil and cattle businesses, had introduced us a couple of years before, and we regularly talked about the economy and markets, especially inflation. Just a few weeks before our meeting, Iranian militants had stormed the U.S. embassy in Tehran, taking fifty-two Americans hostage. There were long lines to buy gas and extreme market volatility. There was clearly a sense of crisis: The nation was confused, frustrated, and angry. Bunker saw the debt crisis and inflation risks pretty much as I saw them. He’d been wanting to get his wealth out of paper money for the past few years, so he’d been buying commodities, especially silver, which he had started purchasing for about $ 1.29 per ounce, as a hedge against inflation. He kept buying and buying as inflation and the price of silver went up, until he had essentially cornered the silver market. At that point, silver was trading at around $ 10. I told him I thought it might be a good time to get out because the Fed was becoming tight enough to raise short-term interest rates above long-term rates (which was called “inverting the yield curve”). Every time that happened, inflation-hedged assets and the economy went down. But Bunker was in the oil business, and the Middle East oil producers he talked to were still worried about the depreciation of the dollar. They had told him they were also going to buy silver as a hedge against inflation so he held on to it in the expectation that its price would continue to rise. I got out.”
― Ray Dalio, Principles: Life and Work
Poor bunker hunt... He doubted the power of the VOLCK
Can you imagine going from the richest man in the world to completely broke overnight?
Logan Lopez
Speaking of Bunker, what is Bunker Hill's debt anyway?
Asher Wood
FOMC meeting sept 14-16 they would announce on 16th if they did.
Tyler Bailey
Of course it's on the weekend, I love my Monday openings to be either explosive or collapsing.
Ryan Nguyen
Where did you find this information?
Alexander Cook
My guess is the absence of upward pressure on prices (yeah, I know, food, but that's mostly supply chain they'll argue) means there is no immediate need to slow the growth of Fed balance-sheets or to raise short-term interest rates from their floor (which they can't do). Low inflation current inflation (imo due to low velocity of money) is therefore the fundamental reason they don't seem to worry about the debt, which, thanks to accommodative monetary policy, now costs so little to service that it looks like free money.
Insider trading is publicly available. That particular screenshot is from Simply Wall St, which I like to use to keep my research organized.
Jack Gomez
I am writing off most of August as a crab month. UNLESS there's another crash or stimulus. Admittedly I do think the chances of another market crash are pretty high. Trump's $400 UI is cool, but most states are either unable or unwilling to actually make it happen since they have to contribute 25%. If you look at pic related, NY & CA are already saying they just functionally cannot actually meet the contribution necessary, which means everyone in those states is just fucked. That's like a fifth of the US population, and that's before you realize that most other states are saying "we are not sure if we are going to be able to do this". So what's going to happen when suddenly an economy that even the mainstream acknowledges was only chugging along because of stimulus, is suddenly and completely cut off from it? I think another flash crash like in March. That will force the politicians to come to some sort of agreement on new stimulus, or at least a new big buying program from the Fed. Whether that will happen in August or we can chug along on vapors for another two weeks before it happens, who knows? My guess is probably not though.
I highly recommend everyone who can sit on the side with some dry powder. I'm not selling my gold or miners right now, but I am trying to get as much cash ready as I can to buy the next big dip.
