Kookaburracollector

1 hour ago, motorbikez said:

@Kookaburracollector  I'm heavily invested in PM miners HOC,CEY,FRES,NEW & although I have taken some profits as you saw on the mining chat thread I'm unlikely to sell more than 10% of my holdings in the next couple of months.

Futures markets pushing things on, as well as record inflows into ETFs

 September Comex silver +6.1% to $21.43/oz., August gold +1.2% to $1,840.30/oz.

These are happy days indeed.. I don’t know how much you have in the pot (but I can hazard a guess🤑🤑🤑)..just enjoy it whilst it lasts...it’s been a long wait, but the rewards now are absolutely amazing...the coin fund is fully loaded. I will try and keep my nerve and let it ride a bit longer...the party may only have just begun🥳

1 hour ago, dicker said:

@Kookaburracollector My view is that central governments are now hooked on QE and this will support Au and to an extent Ag prices.  What is less clear to me is what will happen to the various stock markets (regardless of QE)

That is the $64000 question we are all facing.

Max Keiser calls QE monetary methadone for central banks...they are junkies fixated on it...they have to use more each time to get the same effect...I tend to agree. As to the markets...it’s a game of musical chairs me thinks...and the music hasn’t stopped just yet!

Whatever happens, I think physical gold and silver will offer a good form of insurance.

The mining companies always run the risk of attracting exceptional profits taxes from greedy governments, so they have a counter party risk...I will continue to hold a selection of all of the above and see what pans out.

2 minutes ago, BobnotTed said:

What are opinions on the fact that with various US stimulus packages ending at the end of July this will cause a Nasdaq crash and temporarily drag down the gold spot price as  profitable positions in gold are sold to fund margin calls on stock investments as happened in March?

 

 

The above scenario is my great fear...it has happened once, so logically it can happen again. Personally, I think the stimulus will not end. The Fed will give as much free cash as it can out to the banks which own it, and take control of more of everything until they own it all!..this bubble can still get bigger!

If I do get caught out, and don’t exit this crazy market in time, my only saving grace will be that in the past, in such circumstances gold has bounced back faster than most other assets...if it does the same next time round all will be well.

Like most amateur investors..I firmly anticipate that I will see the drop coming, and exit the day before it does😂. 

I have been in and out of the NASDAQ (via Baillie Gifford American B)..in a small way over the last few months, and it has paid for a fair few coins. I still have some $ in and nearly sold this morning but didn’t, the futures pointed higher, so I will stay put for another day and assess daily what to do.

The mining shares where I have most of my trading money invested, are producing amazing returns..I just keep taking profit along the way, and am staying put in these for the time being..I am hoping that for both the price of gold and silver the party is just beginning...but as I stated earlier, I am an amateur..there are a few on here better qualified than I to answer your good question.

1 hour ago, sixgun said:

Hmmm it looks like the blue touch paper has been lit and the ignition sequence has started.
This is why i asked a couple of weeks ago, why is there so much metal up for sale? Were members hard up or did they think prices were going to do a Wonger? 

I was thinking the same. I have about 800 ozs of physical silver which I bought for investment purposes 3-4 years ago. I keep looking on TSF and can’t believe how many folk are selling. I understand that dealers have to to earn a living, but I have kept all of my powder dry. My price target for selling is not even close yet...If I can afford to hold out I will.

Eric Sprott did an interesting post market wrap up on Friday with Craig Hemke (on YouTube). He is getting some of the gold miners he owns to use the huge amounts of free cash flow they are generating to buy physical silver, and is encouraging others in the industry to do the same. I know First Majestic have been doing this for some time. Huge numbers of contracts are now standing for delivery...we are hopefully in for a very interesting few months...let’s hope we see $50 silver soon!

3 minutes ago, augur said:

Wow 😲 and in mint condition 

Do you have more one of a kind?

Just the wife 😂! But she ain’t MS!

Don’t know why but I just like this picture 😃

1 hour ago, ilovesilverireallydo said:

My mistake  was 1964. 

OH!😧...you are such a tease...I have a 1964

The coin above is a real rarity...the only Una Libra to ever get a + designation from NGC I believe...now stop teasing, and find me something to buy😂..like the MS67 1927 Skanderbegu that just sold for over $2000 at heritage!😃 (no I didn’t buy it ☹️)

28 minutes ago, ilovesilverireallydo said:

I just missed the 63. My contact sold it minutes before I got to him. 

Buy it back...I have deep pockets for such a choice item...Failing that, give me the address of the buyer..I will make him/her an offer they can’t refuse 😂!

1 hour ago, ilovesilverireallydo said:

If I recall the courser beard coin generally is of tougher quality especially around the shield. Apart from that I can’t make out any major difference. 
I think the neck  might be slightly thinner on one. 

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Added 0 minutes later...

Those Angels are lush. If I recall I found you one you were missing? That correct if memory serves? 

You most certainly did, and many thanks for an important piece in the jigsaw...now, if you could just find me a 1959 and 1963 Una Libra I will be forever in your debt! 
 

On 04/04/2020 at 07:45, dicker said:

You guys really are bug*ers.  
 

I have avoided reading this thread since it was created, and have just read it and *have* to have a significant number of these beautiful coins.  
 

Nice photos!
 

Best

Dicker

@dicker oh this could be your lucky day!😂!

As luck would have it, I have a significant number of these *must have* coins. I would only sell them to the right person (I’m sure you fit that bill), and would only sell them as complete sets (definitely keeping them together). 
 

If you are ever feeling flush, drop me a line...you could acquire a superb collection overnight. Roosters..’The Complete Collection’.

Guardian Angels...’The Complete Collection’ ..and I mean complete..both 1879 and 1896 engraver mark variants...(not in this pic)

So glad you stopped bye, it was the right thing to do..talk soon!😃👍

On 04/04/2020 at 04:55, Choi said:

Oh, I haven't noticed on the error because I'm not interested at all kinds of slabs including NGC & PCGS.   Thank you for pointing out.  I've bought many cheaper coins from this guy, and everything was problem free so far.

I have bought from this seller as well, no problems whatsoever.

 

 

 

1 hour ago, Liam84 said:

Everyone has their opinions and hopes they either keep to themselves or express publicly. It's what adds to the fun and banter in forums like this one (especially this one?). I personally believe that if you have strong instincts that try to guide you then pay attention to them and act accordingly, but pay attention also to the words of others especially those with experience. There will be charlatans along the way with their own agendas but there will also be wise people offering sage advice that deserve to be noted. It is up to us as individuals to decide how to use the information we learn, and to decide whether to pass that information along to others or to hold it for ourselves. 

Does anyone have the right answer? Maybe. Probably. But will we hear it amongst the multitude of voices?

 

Also, gold rules.

Wise words indeed👍

Just now, Martlet said:

How much of miners costs are in oil, rather than general energy?  

My best guess is 30%..but don’t hold me to this...just a figure that sticks in my memory. Basically there AISC will be lowered as a result of the drop in oil, and so profits should rise nicely as a result...

1 hour ago, Bumble said:

Not all the big names have gone. Kirkland Lake hasn't recovered from the drop last November when they took over Detour Gold. The market seems to think they paid too much, but its probably worth giving them the benefit of the doubt. KL is a well-managed company with some of the lowest costs in the industry, and if they can turn the Detour assets around they will do well.

Agnico Eagle also hasn't fully recovered from some poor results in Q1, but they have a strong reputation and some good assets.

In the mid-caps it's worth looking at B2Gold and Eldorado, though both have started to take off and are no longer cheap.

I personally do not invest in single name stocks..too risky in what is already a risky market...that said. Bumble has named a few stocks I am invested in via an ETF - Investec Global Gold..a fund I have found to be excellent.

I track the performance of the top 10 constituents in this fund, and this is how they have performed so far today..

The bottom two are based in Australia, so prices will not update until later tonight, but basically it’s up about 6% today...that’s a lot when you get 1% at a bank these days ..in a year not a day.

Each to there own...but I find this investment vehicle very good.

Good luck to all who trade...

Seems like we are all listening to the same people..I also like George Gammon and especially Eric Sprott’s Friday round up..and of course Greg Mannarino!

So far so good today, the miners are responding very well to the rise in the POG..but I’m still a nervous investor!

1 hour ago, Cointreau said:

Here we go.

 

Yep, I can see this getting rather ugly today...time to buckle up..this could be a rough ride.😬

9 minutes ago, Cointreau said:

Well, I think the last two days have been quite bullish for the metals. I was expecting a downturn.

 

Me too! I sold a load of stock last week (just before gold expiry date...see below), only to buy back in yesterday...but I don’t think I will be holding for long...you have to be nimble is these volatile times!

Expiry dates for 2020:- All sorts of weird and wonderful activities go on around these dates...I try to avoid being long at these times!

Frankly, my dear, I don't give a damn" is a line from the 1939 film Gone with the Windstarring Clark Gable and Vivien Leigh. 

Just now, sovereignsteve said:

sorry

Give a dam!