Drawga

All because they can’t alt-tab 🙂

Custom watches apparently too. 
I have been shocked this week, especially yesterday at the prices of major break out small and mid cap mining stocks plummeted. 
Everytime I thought i had bought in at the bottom, it continued down the next day to November/April levels now.
What next March Lows LOL. US/canadian stocks mind you, UK mining is not as bad. 

Its buying season as far as im concerned as it wont last long. It's Christmas come late, it will u-turn Q1 at some point I think. 
And if the stock market does cave in (it wont as Janet Yellen will print 3 times what trump did) miners usually bounce back quickly. 

Im considering buying a gold ETF if it hits Nov lows as per the analyst in the video. $1,850 he recons. 
He is saying he would not be suprised if by Tuesday it wont bounce back, especially if crypto starts pulling back. 


Crypto will carry on as long as the dole out money is being given, but it stinks of FOMO & will also correct VERY hard soon I recon. 
If people are selling PM's to buy any over valued crypto they are very silly indeed.

There will be a lot of people loosing a lot of money soon, or at the very least they have to sit on it for the next few years. 
Tesla up 7% - my god. its the tech bubble or the 1920's again, when everyone was dancing and stuff prior to an almost instant depression. 

My friend sold a load of silver for alt coins, which makes a bit more sense as there is less risk. He is no fool though.
I can see this gold dump continuing next week, so its a great time to stock up on some physical, before it comes back into favour. 

I want this guys monitor system LOL. I can pretend Im on Wall street then. 
3 is not enough. 😛 'Panic into bitcoin' sums it up. 

David has become such an amazing interviewer & very spot on with his own opinion, I dont watch Stansberry anymore. 
 

Diversification - is the key! 👌👍  

Yes thats what I think. 

I have been astounded at the mining stocks. 

I have bought and sold the same miners 4-5 times this week as they keep hitting my stop losses. 
It looked like Mount everest on open today, but I should make up the losses when it goes back up. 

Considerinthe money printing and riots and stimulus bills what the flip is going on. 
Oh yeah - the digital currency bubble. Flipping great everyone has gone off Gold. 

I will be there ready to sell when its back on its highs again. 

I get a feeling a lot of people are being herded into bitcoin instead of gold and silver. 

Apparently storming the capital is only worth a 1% move up in gold and 1% down in spx500
Weird market 
 

Are you sure about this ?
My reading seems to suggest that where an on-line business ships goods to the UK below and up to £135 the SELLER must add 20% UK Vat payable by the customer.
Above this number the goods are shipped VAT free then the VAT is charged at the border.
Also take into account the high costs of shipping a few coins at a time.
 

If there is a similar thread or the merging of threads needs to be done, mods please just go ahead. 
So, a deal has been done (yet to be approved mind you but we will cross that bridge if/when we need to). 
The deal grants access to the Single Market and free trade. 
It is important to understand that free trade and single market IS NOT the same as the old rules. Border checks will happen much more now when importing to the UK and the golden (well actually SILVER question) is will we be able to buy goods from Europe and import them to the UK and NOT pay VAT. 
My thoughts are it will be a while before we have an answer to this - the following are some of the questions/thoughts I have about things. 
The UK has left the EU but has access to the single market and free trade. This means no Tariffs at the border. Tariffs are NOT the same as VAT. 
When a seller sells something to the UK it could/should/will be treated as a sale outside the scope of VAT. 
But the UK still has (and will have for a while because it is a huge revenue earner) a VAT system. 
VAT systems are designed to keep business in a certain country rather than having other countries undercut their ability to do business. 
When goods enter the UK they are coming from outside the UK so in theory VAT could be applied. You have not already paid VAT because in theory the seller country did not need to charge you VAT in the first place. 

I see all of this as hypothetical based on how the UK's VAT system will link or not link with the EU's system. 
So, just because there is a deal this does not mean VAT free silver still for us. 
Any thoughts/info from anyone more "in the know" would be much appreciated!

I wouldn’t worry my friend , you done the sensible thing by turning your paper or digital money into real money , gold is the real money and this dip will Be short lived in my opinion .
look how much money is being printed these days , for example the furlough scheme was supposed to end in October but they made a quick decision and extended it until March , what do you think will happen to the world after the virus is dealt with ? How are they going to deal with this ocean of debt ? 
 


 

have a look back over the 10 year gold chart and December is normally always the low(est) month for the year

Who's playing with an algorithm? 

I saw this topic on the BBC.
I'm strongly considering buying into futures like lithium mining stocks and I believe soon we will be in turning point for uranium soon.
Any other renewables green energy could be discussed in this investment sector thread.
https://www.bbc.com/future/article/20201124-how-geothermal-lithium-could-revolutionise-green-energy

I don't think it's a coincidence that gold is falling as Bitcoin is  approaching an all time high.
 

I'd guess it's more that people haven't taken this level of interest in the monetary system previously, I wouldn't have been able to contribute anything a few weeks ago
But yes if we're hindering Roy going into detail about Shell and BP with his thoughts and research I'd rather shush and learn something 

It has everything to do with shell and BP, and everything else you can invest in. But you have proven that no one is reading our exchange and the thread is otherwise dead 

I'm going to lay it out again clear as day
From the latest h8 US bank data they bought 52 billion worth of US treasuries in the past week
If yields go up they're worth less, is yields go down they're worth more, so what are they betting on?
Of all the world who is the smartest money? commercial banks, the ones that lend, the ones that can cause inflation, they're betting on deflation by saying inflation you're saying you know better than them
The latest 30 year bond auction had $61b worth of bids but the winning accepted offers totalled $26b, high demand; Is that 61 billion worth of dumb money? bidding on things that will go down soon because of inflation
If government stimulus meant anything for inflation what has it done since March?
If the government start building a bridge of solar farms so what? that doesn't fill in for all the unemployment, all the missing consumer spending and loans, all the business taking out loans to take advantage of that consumer spending, all that healthy currency that should be created 
All that consumer spending that ends up going to imports and circulating the globe, a global dollar shortage ****s the Repo Market and they don't lend to each other and they start liquidating assets and everything crashes
Government spending can't create prosperity and take US GDP levels back to 2019 and 3.5% unemployment and things were deflationary then
Government spending doesn't create new dollars it takes dollars out of the system, there's still a shortage  
The mzm, m2 whatever you want to look at doubled in a decade and oil halved that tells you the money base doubling means nothing for inflation
Inflation is the Feds boogeyman "oo quick go out and spend your money now because it will be worth less tomorrow "  they're trying to trick everyone into spending because spending is what helps the economy
It shouldn't be "don't fight the Fed" it should be "don't fight the commercial banks"
 

One big piece of the puzzle not discussed so far is the repo market ~ mainly because I'm not sure I understand it fully myself
It's a place where banks and financial institutions short term lend to each other (usually 24-48 hours) using collateral. One party swaps US treasuries for the value of the dollar loan + they need to pay back a small amount of interest 
I get the feeling it's like one big game of musical chairs -  as long as the music keeps playing and they're all happy to lend it works but if there's any disruption there's people left standing stranded without cash so they have to liquidate their assets like stocks to get the dollars
This is what happened in March, they stopped lending or they wanted really high interest and it broke down so assets got sold off
I could be wrong but the problem was people wanted to use corporate bonds as collateral which are usually accepted but because of the pandemic and economic uncertainty they were undesirable, I think that's why the Fed started buying corporate bonds because that  underpinned demand for them because at worst you could swap them for bank reserves, you wouldn't be left holding a dud 
If you look at what's happened since economically and the lack of dollar velocity there has to be huge shortage occurring globally
A country like China pre pandemic built up 3 trillion in US treasuries because over the years they put their excess dollars into them, now they need dollars to conduct trade and would probably like to start liquidating some but if they do that then it's obvious there's a massive dollar shortage and everyone will tighten up and not want to trade and the problem gets bigger so they're a bit stuck
People talk about China and selling US debt as a threat or because they want a different reserve currency, they just need dollars
More US QE would suck another x trillion dollars of liquidity out so I don't how careful of that they need to be of that
Hopefully this also illustrates that the Fed aren't all powerful "don't fight the fed", they like to portray that they decide how things go when really they bend to the commercial banks wants and are just trying to placate need so they lend to each other and provide liquidity