Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

RE:RE:RE:RE:another day

[Arbutus22]

The herd has blindly rampaged into tech stocks (TSLA biggest spec play ever?). The insanity continues; who knows when it will end but it will end and the crash will be nasty (this is crazier than 1999-2000). Gold producers are now value plays: huge cash flows, majors raising dividends, no debt. The business of PGM hasn't changed; if anything, it keeps getting better. Today's move in gold price is silly money, not based on fundamental, real world demand or increasingly limited supply (there's a reason why majors are buying exploration stage companies, i.e., Agnico recent jv with Maple - https://www.mining.com/maple-gold-stock-surges-on-agnico-eagle-investment/). I own a few crypto related companies, to hedge my bets but I won't be selling miners anytime soon; and I certainly don't buy the massive crypto hype machine (JP Morgan saying bitcoin going to 146k is just absurd and intended to juice the bitcoin market; I guarantee that JPM is trading bitcoin b/c this is how these companies operate: purely self-interest). Yes, there is a place for crypto but its magical powers have been vastly overstated and those promoting it are completely self-interested. Be careful out there.