Precious Metals New Thread 2.0

So it broke out, you said the bottom was in, all aboard the gold train. My point is there is a clear difference between the two. Telling your 3 followers the coast is clear and they can't lose money (an assumption made when telling everyone the bottom is in) is irresponsible. I thought we were dealing in facts?

 

Well the FACTS are gold has broken out... Anything can go down...... your telling everyone to buy stocks and all is good and it's not all good...

Silver is close to breaking out but hasn't broken out enough....

The FACTS are PMs are still a great value compared to stocks....

So put you new money in the undervalued asset not the over priced one...

The FACTS are the bull market for PMs is just starting.........

We can argue all day, lets have a competition.........

Lets have a Pepsi Challenge....
Your top picks against my top PMs picks....
Pick your top 4 stocks and you have to own them..............

I will put GLD(gold price), SLV(silver price), GDX and SLW against any of your top stocks that you own.... I won't include coins that I'm all ready up 50% and 100% from last year....

and lets see what is really going on........ Lets see who out performs who in 2016......

SO what are your top picks for 2016??? that you own... you can buy them or already hold them but they have to be something you own....

Can you back up your BS with some guts or just talk shit and run away............

 

Here's my 4 YTD.........
Quick do a stock screen to beat me................

 

Challenge accepted, in fact my picks were already previously established in the other thread so we will use those 6 stocks that I personally own in an equal weighting for your 2016 challenge. Here it is so you can locate it:

1. Yeah man, I'm with you, full disclosure I've got losers like Amazon, Netflix and Chevron but offset with my winners in Verizon, Altria and Reynolds so when all the stocks turn and enter a full bear market it's time to leave the party. I feel we've been a an overall bear market with specific stock selections as your only opportunity to make money. When no stocks make money you hedge, short and let her rip till they turn again.
   
   Dr. Jekyll, Jan 29, 2016EditDeleteReport
   #1562Multi-Quote +Quote
   

 

And back up your BS with the end of the USD as well since I accepted your challenge. My picks have been denoted for many months so feel free to man up and back test them as well. Let's see you and that clown Greg Mannarino tell us when this financial market is crashing? For months you been posting his comedic videos of the impending market meltdown yet nothing has happened? Who's talking shit and scurrying away like a little girl now?

Greg Mannarino: Human Suffering From Coming Financial Collapse Will Equal A Global Nuclear Exchange!
Posted on May 2, 2013 by The Doc


The Fed is reversing course. Instead of talking about curtailing money printing, it is now extending it. This comes as no surprise to financial analyst Gregory Mannarino. He says, “There’s no way out of it. The Federal Reserve cannot and will not stop printing money. If they do, it is party over at that moment.” Mannarino points out people are running away from fiat currency and are pouring into gold and silver, and predicts: “There is going to be a mania in metals because they’re going to want to get away from the Ponzi scheme of currency, and they’re going to rush into metals because they’re real assets. “ Mannarino goes on to say, “We have created an alternate reality. We have borrowed cash from the future to live better today. That has created a population boom. When that bubble bursts, it is going to correct, and millions are going to get wiped out here.” Mannarino goes on to say, “This is not just a financial thing but a human life issue, and people are going to suffer as great as if there were a global nuclear exchange.” Join Greg Hunter as he goes One-on-One with Gregory Mannarino.

 

I agree with Gregory Mannarino 100%

So you have some very good solid picks.... Most of these are in my watch list..... You beat the market by a lot the last few years...... Did much better than I did....... With those picks I can see why you're holding out.....
But you are still holding... The hardest part of trading is selling.........

You say correction is over and prepare for the next bull run.........
I say you had a great run time to cut the losers and get ready for a bear market and flip into metals....
So we will se over 2016 what happens... Reading the cycles is harder than picking winners......

So far I'm right but it is very early.... But you still have 2 winners YTD.....

 

To be clear I feel we are in a bear market and have been for some time. Strip out a few stocks and the overall market has been down. I have not seen the start of a new bull market just yet hence my dependence on dividend paying stocks like CVX 4.7%, MO 3.6%, RAI 3.2% & VZ 4.3%

So we shall see where this year takes us. At least we have it in writing and my picks have been documented back in January. If I am wrong I will admit you were right in your forecast for metals.

 

Looks like VZ could be breaking higher...
It will be interesting, I think this year could get exciting..
SLW and FNV pay dividends so I have a little coming in.. I don't think FNV will keep going up, but 26% so far really good just for parking some money..

 

So as Canada just sold its gold, you'll notice how gold finds it way into the photo for a story about guaranteeing basic income with...paper.


http://www.independent.co.uk/news/w...iversal-basic-income-experiment-a6916571.html

 

Dude our dollar is a golden colour coin. It's called the loonie. It's not made of gold lol. It's made of base metals. That picture in the article has no gold in it. I figuratively nearly shit myself laughing because you didn't know that. I'm kind of wishing I had of PM'd you trying to sell you some of my "gold" pocket change.

BTW the article isn't about giving everyone more money. It's about giving less money to the bureaucracy and more back to the people. Basic income eliminates welfare maintence costs. Everyone gets the basic and it comes off of your total income if you're working. Basically if you are on welfare now you'd make the ~$7K per year, and really try living on that lol, no matter what. However if you are working making 50K per year, no you would make 43K from your employment and 7K from the government. It's really not a complicated concept and it actually saves money in the long run that would go to program and oversight costs for welfare payments. That being said it's never been tried before so it sounds like they are just going to run a pilot program to learn more about it.

 

Oh, and another funny fact, Canada has no "paper" money. Our coins are made from steel coated in different base metals for differentiation and our larger domination are plastic bills.

http://www.cbc.ca/news/politics/counterfeiters-perplexed-by-canada-s-plastic-money-1.3401839

The money that has been saved by going to base metal coins NOT made of Nickle or Copper (steel is cheap) and plastic bills (they last decades instead of years and are damn near impossible to copy) is not something to sneeze at. Too bad the greenback is stuck several decades back in the past.

 

Every person from eastern block countries knows how bad socialism is... They all hate it..........
How about cut benefits and cut taxes........ It's a control thing.....

Gold is always a symbol of strength and confidence.... we do the same thing, fiat currencies with gold symbols to inspire confidence.....
Nice catch...

 

Trudeau (our new PM) did just cut taxes to the middle class and slightly raised taxes to people clear more than 200K a year. Business taxes remain untouched either up or down.

Every top ten country in world living ratings is more "socialist" than the USA. Socialism isn't even accurate to describe the economics in the eastern bloc countries unless you actually believed that rhetoric propaganda they taught to school kids in the 80's. It was a central economy with flavors of oligarchy mixed in at best.

Our two dollar coin is silver though. I guess I should mention that before people make more assumptions about the money up here lol.

 

LOL, my bad. I know what a Maple looks like. Should have been more careful. Nevertheless the symbolism is there.

Silver colored, I suspect!

 

Touche!

 

FED votes NO CONFIDENCE.

As anticipated, Yellen did not raise rates in March, against their 'plan' established last year. They also slashed their original plan of 4 rate hikes in half to only 2 this year (which still may not happen). Clear signal the Fed has no confidence in the US economy.

Interesting times we are in people!

 

BTW I was doing some research and it turns out Canada's super gold sell off actually started in the 1970's. We used to hold one of the largest reserves. After the oil crisis of the 70's though the Bank of Canada decided to get out of assets like Gold because they are hard to rapidly sell in a fluctuation and move to more liquid assets.

Oh, and since they emptied out our dollar has actually gained against the USD.

 

The current lower level of our dollar versus the US is to do with the price of oil , not gold reserves

 

" just sold "

over the last 50 years

and dollar coin , lol

 

That's my point. Read the whole thread.