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ixic

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Everything posted by ixic

  1. "the central bank has new plans to issue a new currency less than the category of the 250 Iraqi dinars to fill the Iraqi market needs,..." ...To me, (I may be misinterpreting it, as is 80% of Iraqi articles) this line promotes currency LESS than the 250 IQD. Maybe as in 100, 50, 20, 10, etc... If so, could they be the 'gold coins' Iraq said they would produce for citizens? If that's the case, an increase in value would be needed. Just my , if i'm understanding this article correctly.
  2. Agreed. Been buying quite a bit lately with these prices the past few weeks. Gonna need a bigger safe...
  3. The only 'Bruce' I listen to has the last name Springsteen.
  4. Gold Is A Bargain Right Now, But No One Is Paying Attention - Rob McEwen Nov 10, 2015 Guest(s): Rob McEwen owner of McEwen Mining, a mid-tier gold and silver producer. ‘If you are in Australia, Canada, the price is going up because of the foreign exchange -- at some point, it will move in U.S. dollar terms,’ McEwen said in an interview with Kitco News on Monday. He added, ‘People should be putting a little money into gold, think of it as 80-90 percent off; you can turn gold into cash in two days, it is value.’ McEwen, the former founder and CEO of Goldcorp said one of the greatest challenges the mining industry now faces, is operating within the lower cost environment. December Comex gold was last up $0.30 at $1,088.50 an ounce. McEwen also addressed the company’s record production for the third quarter with the El Gallo Mine, which he said is the company’s, ‘star performer.’ Total output for the July-September period was 43,390 gold-equivalent ounces, an increase of 54% over the third quarter of 2014. The El Gallo mine in Mexico was robbed last April but McEwen said the company has received reimbursement for approximately 80% of the fair value of a loss. ‘You have to be a little more sensitive to the local community -- we built a new refinery and it is now according to Brinks – the state of art facility in Mexico,’ McEwen said. Kitco News, November 10, 2015. ...I sound like a broken record, but I happen to agree with him. Gold won't be this low forever.
  5. Totally agree with you on this. Same thing happened earlier in October, revised jobs numbers were lower and Gold gained quite a bit on that day. The U.S., especially the Fed, seem to be in on the price manipulation of metals.
  6. Hoping for a bounce-back week for Gold, seeing how the last few trading days went. Still good prices for buyers right now.
  7. An RV @ .10 cents, and he won't really be taking a pay reduction!
  8. Still confidence in Gold today, even after the jobs numbers. After it fell down into $1170's in rallied back up to $1190's again. Settling nicely around $1187 currently. Bought over 6 grams myself today.
  9. ...Meanwhile, another prediction for Gold going in the other direction... UBS Sees Gold Averaging $1,250 In 2016; Any Weakness ‘Unlikely To Be Sustained’ Friday October 09, 2015 08:54 (Kitco News) - UBS looks for gold prices to rebound into next year as real interest rates remain subdued compared to past cycles, maintaining its call for the metal to average $1,250 an ounce in 2016. The bank downwardly revised its 2015 forecast to $1,170 an ounce from $1,190. Meanwhile, UBS trimmed its 2016 silver forecast, although the bank still looks for price appreciation next year. The bank also sees higher prices for platinum group metals. “We maintain our core constructive view, expecting gold to stabilize and eventually recover up ahead,” UBS said in an outlook issued Friday. “We think that gold has already done a lot to adjust to the current macro environment and anticipate further changes. We expect any downside from here to be ultimately contained.” Expectations for higher interest rates have previously hurt gold. However, UBS said, there is potential for real rates to be lower compared to previous cycles and market expectations, which would mean a friendlier environment for gold than what currently appears to be priced into the market. “Against the backdrop of broader macro uncertainty, light positioning suggests that there may be an opportunity for longer-term investors to rebuild positions,” UBS said. “Despite subdued physical demand this year, we expect core trends to remain stable and provide support during periods of weakness. Supply-side response is lacking, but we think that the market is close to finding equilibrium and considerably lower prices from here are unlikely to be sustained over a prolonged period.” Meanwhile, UBS downgraded its silver outlook, acknowledging that the bank was “too ambitious” in previous forecasts. Analysts look cut their 2016 silver average price forecast to $17.50 from $20, although this is above current levels. The outlook for the current year was trimmed to $15.90 from $16.90. “Broader macro uncertainty and especially concerns about China's growth prospects warrant some scaling back in our price expectations for silver and our forecast trajectory for the gold:silver ratio,” UBS said. “Silver's continued struggle to outperform gold highlights the reluctance of market participants to get involved, against the backdrop of an overall timid attitude towards precious metals this year. Despite resilient ETFs (exchange-traded funds) and relatively healthy physical demand, the absence of interest from investors suggests that silver is likely to continue looking to gold for direction, staying true to its role as a higher-beta version of the yellow metal.” UBS said it trimmed its forecast for platinum prices in future years by 11% but nevertheless looks for the metal to move higher. The 2016 outlook is for an average $1,100. Platinum is down 24% for the year to date. Still, UBS sees potential for a supply shortfall in the coming years. “The trend in longer-term fundamentals remains intact: a challenging supply environment is augmented by growth in global auto demand and tightening emissions regulations,” UBS said. “Risks to this view include a faster decline in diesel penetration in Europe and resilience in South African platinum production.” The bank also remains “constructive” on palladium, forecasting an average of $780 next year. The metal has recovered from an “overdone” correction, further helped by the recent investigation into Volkswagen, UBS said. UBS said it’s too early to factor assumptions about the VW situation into its longer-term analysis of platinum group metals, and analysts instead “flag it as a risk for now.” Platinum fell on worries that the VW situation would mean less demand for diesel-powered vehicles, which use platinum for catalysts. Meanwhile, the market factored in expectations that more consumers would buy gasoline-powered vehicles, which use palladium, boosting prices of this metal. ...and Gold above $1,156/oz right now.
  10. I figured Gold would rally earlier this morning when it broke into $1154 today. Then minutes later it slumped back down into the mid $1140's. It has to break higher, sooner or later...to much economic uncertainty around the globe and central banks are adding more to their reserves. I added another 2 ounces to my safe earlier this week. Buying while it's still at a discount price.
  11. We have quite a few Gold commercials/informercials playing regularly, especially on the business and news channels. Haven't noticed a difference in how frequent they run, but I usually see 3-4 a day between 4 different channels.
  12. A combination of: a)the jobs numbers b)stocks sliding lower c)Yellen's speech later today d)short covering Gold now currently above $1,150/oz. A good +2% gain from yesterday.
  13. I've been thinking/saying this for the past few months. A big, big mess may hit the fan soon, been building up for years. Best thing to do is buy metals now at the cheap prices they are currently sitting at. Gold and silver will be in huge demand, and highly valuable. Holding even a little now will help a lot later on.
  14. Good interview. I've read a handful of articles and seen a number of interviews on tv this past month where pro-gold, or "gold bugs", have said $1400/oz is where gold should be by end of 2016 or first quarter 2017. That's about a 25% increase from where it sits currently...good time to buy now if you agree with the latest predictions. That being said, silver, imo, should increase much higher than gold, percentage wise.
  15. This video is part factual and part opinion. Some may think this all conspiracy theory and nonsense, and that's fine. To each his/her own. Nonetheless, it always better to prepare just in case something un-forseen does happen, be it a natural disaster of actual economic collapse. Having cash, gold & silver, extra food and water, as well as weapons to defend yourself are always necessities, at least they are in my house. I'm stocked up, just in case. Having peace of mind you and your family is protected, be it short or long term, is always a nice thing to have. Hope for the best, plan for the worst...
  16. I just emailed VIP@dinarvets.com with my email info.
  17. My email was recently changed so I could sign up for VIP, I used a different email for DV but thought I changed it over to the current email for Dinar Support. I'll check again to make sure both accounts have the same email.
  18. I am in the same boat. Renewed my VIP Monday 8/31, still waiting to be allowed access to VIP forums. Sent a support ticket last night. Just letting you know...patiently waiting...
  19. To those who care and are invested, yes.
  20. The last couple of days have been kind to gold, finally pushing up past $1,100 an ounce and holding around $1,106. Saw on CNBC a few Gold "Bears" are even buying a little on the way up. Some have called the bottom in gold as of now...I think we may see some retracing downwards a bit before it actually starts to make a decent climb towards $1,200/oz. Still buying it low while it's in discount prices. Nonetheless, nice to see it moving positive for consecutive days.
  21. I agree with you, Machine. Would much rather be holding physical metals anyways (I do). I'm banking on Gold making a decent rise in the next 2-3 years. I just posted this for those who were looking for a principle safe investment and a way to get exposure to metals when they make a profit in the next few years. And don't get me started on banks and how they make their money...
  22. If anyone is interested, EverBank is offering a MarketSafe CD that includes Gold, Silver and Copper. It only needs a minimum of $1,500 to open it and your principle investment is safe no matter if prices go up or down during the 5 year term. It's not actually owning or holding the physical metals, but not a terrible alternative to get in on the low metals prices nowadays. It has a cap of 45% profit over the 5 year term, evenly spread across the 3 metals. Just thought I'd throw this out there to anyone who wishes to diversify/invest with metals without worrying about losing your principle investment cost. Check out EverBank's website for more info and all the technical details.
  23. I'm happy to report, I am one of those 55,000+ members.
  24. Nice run for Gold the past couple of days. Almost broke $1230/oz today. I'm up about 4% after buying last week in the low $1180's. Hopefully can reach that $1260/oz mark in the next 30 days or so...
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