Sunday, July 26, 2020

When to Exit Precious Metals Equities

When mining shares reach a P/E of 50, sell and rotate into utilities, which could be yielding 15%.

Precious metals mining equities are the last to enter into a bull market, and utilities are the first to enter into the next cycle.

Friday, June 12, 2020

FT's John Dizard: The global gold market is breaking up

http://www.gata.org/node/20216

I didn't know this.

Vietnam is among the top three gold trading countries, with 60 to 70 tonnes per year, and only behind Thailand and Indonesia with 80 to 90 tonnes per year. Over the years Vietnamese have imported nearly 850 tonnes of gold.

Sunday, May 24, 2020

Around the Block #4: on the recent market crash and Bitcoin’s value proposition

With any major crash, the levered small speculators end up liquidating their holdings to the strong hands (whales) who are buying at a huge discount.  This certainly happened with physical gold and silver (I was in the epicenter of that space as large orders poured in), and it happened on Black Thursday with Bitcoin.

https://blog.coinbase.com/on-crypto-markets-and-bitcoins-value-proposition-2fbbca5349dd