/biz/ - Business & Finance

>>17298852
Gold is way closer to its ATH than silver is, my bad.

>>17298852
>Gold has held a resistance above $1550 for nearly 30 days now and is setting up a new one above $1575 right now.
>Silver is on a consistent downwards trend and has been for 30 days running.
>This in spite of the fact that gold is way closer to its ATH than Gold is. What's up with that?

The bull market isn't in full swing.
The new commodities bull should start in 2022

You own any crypto?

>>17299005
Of course. I'm diversified between PMs, crypto, and dividend producing stocks.
I tried holding pro-shares but capitulated. I've come to the conclusion that the Fed would literally rather print trillions of dollars than let the S&P decline, so I shifted my stocks into dividend producing mining, utilities,and commodities stocks.
I just find it curious, you'd think silver if anything would be rising more than gold since there's so much more upside.

>>17299055
>I just find it curious, you'd think silver if anything would be rising more than gold since there's so much more upside.

Yeah the last bull from 2000 - 2011 silver lead when retail investment demand drove the market.

I think a lot of the retail monetary demand is going into crypto. I'd rather hold silver than low yielding fiat.

With you stocks do you hold them in street name?
The system is so bad now they can't even count the shares properly.
https://www.youtube.com/watch?v=9PAINpC9FVc

I really couldn't bring myself to hold much stocks because of the chance of broker default.
I play the stock market rise with options though.
Are you buying the minning royalty companies like Franco Nevada?

i have read an interesting article on zerohedge about the exact same topic a few days ago. you should read it up

>>17299343
Right now my only mining companies with dividends are DRD gold and PAAS (Pan American Silver).
Very happy with DRD. Up nearly 200% over the last year, and pays out a 3% dividend on a reliable basis. Plus the company is nearly 150 years old so they've held on through enough price fluctuation in gold that I think even with the Fed ridiculousness going on they'll be fine.
PAAS, not doing terrible up about 50% on the last year. Dividends and earnings come out on the 19th, but they exceeded last quarterly expected EPS so I'm hoping for good things. We'll see. They're not as established or old a company as DRD is, and weirdly enough they have a stock price 2.5x higher than DRD's even though their EPS is actually under DRD's. So I might sell out after this dividend and just go whole hog on DRD, or maybe toss it into some LatAm utilities dividend producers.

>>17299860
Sweet I'll checkout DRD
I'd never heard of them

You think silver will ever get a retail pump again? Or do we have to wait for a supply shock like palladium?

>>17299979
I'm hopeful but I think the trigger won't be retail or supply shock, it'll be based on the election.
Peter Schiff made a good point during an interview on I think Fox Business the other day, most PM buyers are republicans and libertarians.
Which means when a Rep. president is in office, price tends to be suppressed.
But holy shit can you imagine how much money would go into PMs (and crypto too) if Bernie Sanders was named the Dem nominee? Let alone elected president?
Every person worldwide who was right of Angela Merkel would be rushing to pull all their assets out of USD ASAP.

Despite silver gold ratio being a bit wack rn, there are times in history where this actually occurs and does not correct (e.g. silver going up at higher rate than gold like people were expecting last few weeks). One cycle frame where the ratio acts like this is when entering a large recession. Obviously doesn’t mean guaranteed, but basically just saying historical data can tell you that the gold/silver ratio is simply an average that doesn’t “need” to be a certain way all the time

>>17300066
Does the GSR mean anything today?

>>17298852
Because Silver is an abundant resource that is majority produced as a byproduct for mining other materials. Mining companies don’t care about the price of silver, they are extracting zinc, tin, copper etc and just dumping the silver on the market. Anybody telling you there will be some huge silver bull run event is an idiot, literally Iraqi dollar level delusion. If silver was rare and desired pure silver mines would account for more than 20% of production. If you want PMs you go gold.

>>17300066
Yeah but thing is it's not even like gold is going up faster than silver, gold is going up while silver is going down. Which just makes no sense to me.
Admittedly it's only a 30 day trend, but I just don't understand the logic behind it. It'd be one thing if the difference was like 0.1% but right now in the last thirty days gold is up ~1.6% and silver is down ~1.6% which is just baffling.

>>17300120
Might mean something for multi year holders. Otherwise no

>>17300022
>But holy shit can you imagine how much money would go into PMs (and crypto too) if Bernie Sanders was named the Dem nominee? Let alone elected president?
good point I hadn't thought of based Peter

>>17298852
Excellent pseudo boomer meme!