Gold up, silver up, dow up but gold and silver stocks down today?

[Madison320]

This seems to have happened, at least to me, several times lately.

Anyone notice this?

 

[Original_Intent]

Ya think people telling you to "get physical" were just flappin their gums?

 

[Madison320]

Ya think people telling you to "get physical" were just flappin their gums?

I have some physical but what if you want exposure to gold in your 401k?

I've been moving my GLD and SLV to mining stocks, from what I've read it seems safer.

Anyway I don't think it's a conspiracy or that anything is wrong with mining stocks, I just think it's unusual that they went down while everything else was going up. I'm sure there's probably some valid reason I just don't understand it.

 

[oyarde]

Gold is 2065.70 , Silver 29.02 , Dow 27387 ( 7.2 percent below yearly high after Governors closed economies for 1 1/2 months or more). What do you think these mining stocks should be valued at ? Everything looks incredibly optimistic to me and none of that is because those people buying these things are factoring in a potential pelosi - biden shutdown govt.

 

[RonZeplin]

They can't keep a good mine down, the demand for PM's is there. IMO

 

[Original_Intent]

Not to mention Exeter's pyramid. We'll see how it plays out, I've been amazed at how far down the road the can is able to be kicked.

I think post-election some real shit is going to hit the fan regardless of who supposedly wins. If the Exeter's pyramid theory ever really comes to pass, all the pumpers like Schiff will look conservative.

 

[Madison320]

Gold is 2065.70 , Silver 29.02 , Dow 27387 ( 7.2 percent below yearly high after Governors closed economies for 1 1/2 months or more). What do you think these mining stocks should be valued at ? Everything looks incredibly optimistic to me and none of that is because those people buying these things are factoring in a potential pelosi - biden shutdown govt.

I think mining stocks are going way up. I was just curious about a 1 day move.

Mining stocks are usually affected by 2 things, the price of the object being mined and stock prices in general (since mining stocks are also stocks). So if gold goes up but stocks go down, mining stocks will usually be unchanged since they get offset. If gold is down and stocks are down mining stocks get killed since it's a double whammy. But normally when gold is up and stocks are up mining stocks go way up. So I was just wondering why they went down. It's probably some complicated short selling thing or something I don't understand.

 

[oyarde]

I think mining stocks are going way up. I was just curious about a 1 day move.

Mining stocks are usually affected by 2 things, the price of the object being mined and stock prices in general (since mining stocks are also stocks). So if gold goes up but stocks go down, mining stocks will usually be unchanged since they get offset. If gold is down and stocks are down mining stocks get killed since it's a double whammy. But normally when gold is up and stocks are up mining stocks go way up. So I was just wondering why they went down. It's probably some complicated short selling thing or something I don't understand.

Profit taking on metals used to be Friday , kind of switched to Thurs during the plague on today has returned to friday. The run up on silver has been fast , maybe too fast. Mining is a very high overhead business . If those stocks are high , they are probably over valued like most other stocks.

 

[Danke]

 

[r3volution 3.0]

They think that this is a blow-off top like 2011; they don't realize that this is the start of a bull market, not the end of one.

I'll continue to capitalize on the situation by buying at absurdly low prices.

Talk of high prices might make sense at $4000 gold and $100 silver; we've got a long way to go.