It’s been a very doubted gold rally so far
Erik Wetterling, Fonder of The Hedgeless Horseman joins me to share his thoughts on the rally in gold and gold stocks. We discuss overall sentiment as Erik sees it and where he is focusing his recent investments.
Hey b that looks a lot like a fishing email. the “@e-email-td” is not a true TD email address. I would recommend not clicking on that.
I agree completely, that email address is obviously bogus and even if it looked right, it should not have those hyphens.
What is Bonzo buying today? White Rock Minerals.
Probably one of the most obscene value plays out there. Especially if the Austar merger goes through.
Thanks, HH. And WRM will be even better if they hit the motherlode at Lucky Strike this summer.
(GBR) (GTBAF) Great Bear Reports Successful LP Fault Extension and Infill Drilling: 10.50 g/t Gold Over 13.10 m, 16.50 g/t Gold Over 6.25 m, and 11.18 g/t Gold Over 6.75 m
by @newswire on 22 Apr 2021
(EXN) Excellon Drills 1,293 G/t Silver Equivalent Over 6.5 Metres at Platosa
22 Apr 2021
http://www.excellonresources.com/news/details/index.php?content_id=296
Silver demand surging to its highest since 2015 – Silver Institute
Peter Hobson Reuters – Apr 22, 2021
“All demand segments except for exchange traded funds (ETFs), which store silver for investors, will use more this year, and even ETFs will buy far more than was typical before the pandemic, the report said.”
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You guys are mistaken, TD is dealing in PMs.
B, you’re mistaken about what you think Cory and I are saying. Neither of us gave an opinion about TD dealing the metals (and I would be surprised if they didn’t deal in them). Our point was simply that the email you received looks like a scam.
I think when banks get into PMs, something has changed.
Just my guess of course.
Scotia has always sold metals, they deliver in an armoured car so ya kinda have to buy enuff to make the purchase worth it, but retail is new as far as I know.
I’m not sure about Scotia but I don’t think it’s unusual that some banks offer some kind of ownership, most likely unallocated (which only helps the big boys with supply problems as it neutralizes demand without removing a single ounce from the available pool).
Something else that’s changed is the fact that the real price of gold peaked last year when commodities including oil crashed to their lowest levels ever versus gold. As of last year’s lows, the CRB was down 98% versus gold since January, 1970 and oil fell 98% vs gold since the summer of 2008.
In other words, there are vastly better places to be than gold bullion now that inflation is back and here to stay. Yes, for safety and hedging debt-based currency destruction, gold is still great but most commodities and even stocks are going to outperform it while the gold miners will completely blow it away.
$WTIC:$GOLD is up 800% since last year’s low (after being up as much as 950% last month).
$CRB:$GOLD is up 82% since last year’s low (after being up as much as 92% last month).
Mat
the email was/is not a scam.
TD is now in the business of buying selling small amounts of PMs.
I’ve never known a bank (and I have asked) banks to do that, except for scotia but the amounts were far more than I could justify an armored car for.
I could be making a point about nothing, but my guess, is banks now see PMs as worthwhile to be into.
Especially if they offer to keep it in their vaults.
Kinda handy if they went boobys up.
But, maybe its nutin.
I don’t have a strong opinion about TD now selling PMs but I am surprised about that email being ok. I’ve seen a lot of phishing lately posing as Microsoft and they can look pretty real.
CORY….Have you heard from AL…Whats happening ? Is He & Kathy well. I sent him an email a couple of days ago, still no reply .
Irish, Al called me a couple of days ago—-he’s got some things that are taking up his time currently.
Hi Richard…Thank You for your reply , it’s just some of us care about his wellbeing, we respect him. And are thankfull for this forum, for allowing us free speach. Plus we get Your SAGE advice for free……Thank You.
https://www.zerohedge.com/covid-19/new-study-shows-long-haul-covid-19-kills-patients-months-after-infection
FOR ALL FRIENDS….of the KER….
Sorry to post this here…..but,….I think it is necessary
There’s a strong possibility now that we may get the May dump for the stock markets that I’ve been mentioning—–that may impact the PMs for some time—May will also tell a story about the PMs.
Doc….are you still liking MON-V. I remember you mentioning it a couple weeks ago.Thanks
Rick Ackerman:
Massive volume in AAU today
Always looked forward to commentary by Peter Hug. Sorry to hear of his passing.
Buzz – Thanks for the heads up about the passing of Peter Hug. That is very sad to hear, and he was an industry icon and a good man.
I always looked forward to getting Peter’s unvarnished and realistic outlook on the PMs and general markets. He was fine calling a setup bearish or bullish and outlining both the support and resistance levels for trading. He had a kind disposition and was able to cut through the market noise in a pragmatic and experienced manner and was a class act. Rest in peace Peter.
Everything positive at 9:00AM EST …then 6 consecutive sales of paper contracts of Gold with nothing in-between. No US Regulators under Gary Gensler, former Goldman partner. Complain to your elected official if you have one that doesn’t take Wall street money. Might be 5 or so….
Why buy gold and silver from TD?
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TD Canada Trust <email@e.email-td.com
A message I received from TD, I wonder what it means?, kinda odd a bank promotes PM sales. 😉