Financial topics

[Higgenbotham]

http://sprott.com/investment-strategies ... -discount/

The above is for a closed end silver bullion fund. The fund is trading at about a 4% discount to net asset value. Historically it's been trading at a premium. When it trades at a premium, I interpret that to mean the herd is overly bullish.

The fund traded at a premium from 2010 until August of last year. It reached a record discount to net asset value within the last week, exceeding a 4% discount. This is an indication that the herd is overly bearish.

I have read on the Internet that the silver herd is still bullish. I judge that assessment to be incorrect. It's what people actually do with their money that determines how bullish or bearish they are, not what they say.

[aeden]

http://www.gabelli.com/Gab_pdf/factsheets/-116facts.pdf
I did not get the impression of silver bulls for some time as indicated.
No fund as in cef has over the three percent rule.
I think it is going down further so dca into as indicated would be my route
of entry.

One analyst tirades in summary as "If you haven't noticed, no one is buying gold as a safe haven anymore."
Callus and wrong.

Related forms un·cal·lused, adjective
Us...

Adjectives are just messengers being shot.
My experience is even in wheelchairs, they are still arrogant.
It is inherent in the species.

Your greatest adversaries will be those who should know better. August 15th 1971
http://www.unionchurch.com/archive/030799.html Clay feet and trust. Be careful.

In the forehead has been here and the children are waking up.

[Higgenbotham]

I think it is going down further

I took my position this afternoon. I don't have any sense that I'm hitting the exact low, but in terms of the Dow silver ratio and median home to silver ratio I feel I am getting good prices.

Next I will repost my account of selling silver at the high 7 years ago to compare and contrast.

From 2011...

There was something I forgot to mention that I had in mind to recount here - when I sold the rest of what I've referred to as my "inflation assets" the past couple weeks, I made 3 trips to the wholesaler. The wholesaler has a counter where you check in the goods and they verify everything before paying or vice versa. Anyway, I noticed something very striking - that all except one of the people transacting this business were around the age of 45-50 and many of them were hanging around the counter talking in a very animated and apocalyptic manner. Some of the discussion was about how high silver and gold would go, and how anybody who was selling (like me) was making a very serious mistake. Now, when those 45-50 year old people were children, they were subjected to the horror of the 1970s gas lines and inflation and my thought was that those experiences had helped bring about the current upcrash panic in silver and gold. There was an elderly Jewish gentleman who was about 75 years of age standing at the counter with a briefcase full of silver to sell (the briefcase had his name on it). He was taking in all of this activity and saying not a word, except to bemoan the fact that this was the longest he had ever had to wait to get checked out. I turned to him and asked him very quietly what he thought of all this. He said very quietly that silver and gold are in a bubble and silver is worth about 1/3 of its current price (then $44) and gold 1/2 (he then gave a figure of $700). The second time I was there, he was there again with another briefcase full.

This is interesting. The elderly Jewish gentleman who was selling silver along with me at the 2011 peak felt silver was worth about $15 at that time.

[aeden]

We discussed when two steps ahead what the World thinks.

Also the Chinese platforms is Ching-Ching Ni for the Gray
so we connect the common sense reconnaissance remittance.
The Office handled it deftly.

The sincere friends of liberty, who give themselves up to the extravagancies of this passion, are not aware of the injury they do their own cause. As there is a degree of depravity in mankind which requires a certain degree of circumspection and distrust, so there are other qualities in human nature which justify a certain portion of esteem and confidence. Republican government presupposes the existence of these qualities in a higher degree than any other form. Were the pictures which have been drawn by the political jealousy of some among us faithful likenesses of the human character, the inference would be, that there is not sufficient virtue among men for self-government; and that nothing less than the chains of despotism can restrain them from destroying and devouring one another.

Ephesians 5:15-16 KJV
See then that ye walk circumspectly, not as fools, but as wise,
Redeeming the time, because the days are evil.

[aeden]

https://www.ynetnews.com/articles/0,734 ... 09,00.html

1171 AD, Babylon Egypt now called old Cairo fell so the red sea to India was cut off for Rome.

Babylon Has Fallen
This is the divine revelation about the desert by the sea.
Isaiah 21
Like a storm sweeping through the Negev,
an invader will come from the desert,
from a terrifying land.
I was shown a harsh vision.
The traitor betrays.
The destroyer destroys.
https://en.wikipedia.org/wiki/Babylon_F ... pte074.JPG

thread 1202
Long is the game since 1202

context: The fourth crusaders earlier set the stage and helped the Venitian's dethone Alexius III a usurper in Constantinople in 1202 -1204 for payment of transport to Egypt. Zara from Hungary was conquered first for them also for the trade networks east. Baldwin of Flanders was made Emperor. When Constantinople fell later the West literally had to go West and the main flux period was 1532 to the unfolding of the new currency shift in power.
Walker 1918

A few can discern the implications we see as we go into July.
thread: 2018 kadesh danites amos july
search.php?keywords=amos+july+2018&t=2&sf=msgonly

Ptolemy II was the first to solve the problem of keeping the Nile free of salt water when his engineers invented the water lock around 274/273 BC.
In the 2nd century AD, Ptolemy the Astronomer mentions a "River of Trajan", a Roman canal running from the Nile to the Red Sea.
Islamic texts also discuss the canal, which they say had been silted up by the seventh century but reopened in 641 or 642 AD by 'Amr ibn al-'As, the conqueror of Egypt, and which was in use until closed in 767 AD in order to stop supplies reaching Mecca and Medina which were in rebellion.
Thereafter, the land routes to tranship camel caravans' goods were from Alexandria to ports on the Red Sea or the northern Byzantine silk route through the Caucasian Mountains transhipping on the Caspian Sea and thence to India.

http://gdxforum.com/forum/viewtopic.php ... 530#p41577

[aeden]

https://www.zerohedge.com/sites/default ... k=1n4Ik5TP gray cat lady.

Also the Chinese platforms is Ching-Ching Ni for the NYT Gray papers.
So we connect the common sense remittance.
The Office handled it deftly.

[aeden]

I have the shiny one with mae with ggn also

I still consider the discount widow will open somewhat further.

Moving average envelope for trigger on each for now.

https://www.flickr.com/photos/expd/3065 ... ted-public
thread: henry

[aeden]

https://www.youtube.com/watch?v=H3Wz7fC7tOY gray man

[Higgenbotham]

Precious metals markets flummox the very best investors.

August 6.

Jeffrey Christian: Absolutely! It's funny, because I was talking to one of our high net worth individual clients a couple weeks ago and I was showing him seasonality charts on gold and silver, platinum and palladium prices. I was showing him how weak seasonally gold... all of the precious metals tend to be in July and August and then they tend to rise in September and October and he said, "So, now's the time to buy." I said, "Well, September is really when the price gets good." He said, "I don't want to buy gold when the price has already started rising. I want to buy it now, because this is the weakest time historically for gold and silver prices," and that's exactly what we feel. This is a great time to accumulate. Could the prices go a little bit lower... another $40 or $30 in gold, another $.30 in silver? Yes, they could fall that far, but it may not make sense to wait for that low and try to get that last $.30 in silver or last $30 in gold. It may make sense that these are good prices, and by Christmas time I'll be happy, and three years hence from now, I'll probably be happy that I bought gold and silver at these prices.

https://www.monex.com/video-library/in- ... -8-18.html

My waiting was purely accidental. Had I been paying attention to this on August 6, I probably would have bought at higher prices in August.

[Higgenbotham]

https://seekingalpha.com/article/420499 ... rn-bearish

http://news.goldseek.com/COT/1536348350.php