Stocks

[dougrz]

^^^Why would you say that NEM has more upside? It's 2.5X the cost of GOLD, meaning you get about a third of the shares for the same amount of money.

They both respond to the market and behave in very similar ways but NEM is so much more expensive.

To echo old, price per share between companies has no meaning.

Hence why we look to metrics like earnings per share or (share) price to sales ratio or many others.

To wit:

Company A earns $1 billion. 1 billion shares exist. Earnings per share is $1.

Company B earns $1 billion. 500 million shares exist. Earnings per share is $2.

All else equal, if A's share price is $25, B's will be $50. B's shares are worth 2x since its earnings per share is 2x.

Share price movement becomes a function of expected earnings changes in the future, more or less. Add on general market drift, political changes, management changes, competition, tax changes, and the general fact the future is hard to predict, and you have a difficult task.

[oldno7]

Sold some VSTO today at 18.25

Now my outlook has turned to GOLD--literally.

I think the 2 best stock plays in the gold market will be NEM and GOLD

With a nice pullback today, I'm looking to buy

I see NEM having the most upside.

Not a buy and hold situation, as none of mine are.

So this is playing out as I anticipated.

Buys were in the $67.5x range.

We are now at new highs with momentum and uncertainty.

I will watch this over the next week with an eye on selling.

Once a new high is established, here, we should correct in the 50% range as historical precedent would suggest.

NEM +3.08%
GOLD +3.59$
Today.

NEM is still lagging but I see it catching up and exceeding the sector by a bit.

I won't detail any more than this so as not to get confusing and appear as chinese.

[rockgremlin]

How 'bout that MVIS eh?

[Iceaxe]

Gold just crossed the $2,000 mark for the first time in history.

Translation: "The paper money in your pocket is worth less now that it ever has been."

[oldno7]

How 'bout that MVIS eh?

That was a good one as well as SRNE

[oldno7]

Also bought and sold CRON 3 times today.

Looking for it to hit 7.30 tomorrow.

I've got buy orders in for the EXT session.

[oldno7]

I do have a "dog" as well--APHA from 4.92

[oldno7]

Another yuge day in gold is coming.

[oldno7]

VSTO over $22 on earnings

[rockgremlin]

Interesting prediction by E.B. Tucker, who predicted the most recent $2000/oz price level for gold. His take is that we're at the cusp of a monster gold run - up to $2,500+ by the end of the year.

[dougrz]

No new stimulus bill would take a little steam out of the run.

[Iceaxe]

If the Fed keeps devaluing the dollar by printing money it's a "for sure".

[dougrz]

Re: Fed printing. As everyone talks about $14T in reparations or wealth redistribution, we have it in a form with the printing. We're all being stolen from as it happens.

[Iceaxe]

The DJIA is now firmly over 28k. It appears Wallstreet is no longer buying into the Scam-demic.

[oldno7]

Just bought GOLD, again.

26.38

[oldno7]

nuther GOLD buy signal at 26.31

[oldno7]

last 100 @ 26.14

[oldno7]

100@26.02


Would like to get in one more buy, this afternoon or early tomorrow.

[oldno7]

GOLD up over $29 in the EXT session yesterday.

[dougr]

Food for thought.