Commodity / Tech Plunge

[biglentil]

Pension funds buying gold is a warning sign in-itself . . . .

😄 🤣 😂 That made my day thanks for the good laugh.

[farmaholic]

Ignorance is bliss.

It's why I'm so happy....

[woodland]

Ignorance is bliss.

It's why I'm so happy....

Why worry about things beyond your control. I’m too surrounded by poo (literal and otherwise) to concern my limited grey matter with stuff like this. Now if only this swather header could pick up this badly lodged barley without plugging all the time..............

[biglentil]

Why worry about things beyond your control. I’m too surrounded by poo (literal and otherwise) to concern my limited grey matter with stuff like this. Now if only this swather header could pick up this badly lodged barley without plugging all the time..............

Think of it as insurance. Position yourself properly and you can weather the storm. Or you can ignore the financial mess central bankers have created but you will not be able to ignore the consequences.

[farmaholic]

I see little consensus of "opinion" on this website.

"Financial Planners"(Advisors) are nothing but parasites... just keep depositing. "Never try to out guess the market" .....is lazy and passive investing. They're afraid to be wrong.... "buy and hold"...... sure.

It's hard to know where to be.

I hate the financial services Industry.

I know people who lost money investing in start-up gold mines.

I had been investing in GIC's when I started saving,until the wheels fell off the rates. Then into stinking mutual funds....useless. Then into ETF's.... not much better. My portfolio should be way further along than it is for the amount of time I've been investing. Seems my parents never saw as many market "corrections" as I have.

Should have invested MORE into farmland and some into real estsate.

[AlbertaFarmer5]

Think of it as insurance. Position yourself properly and you can weather the storm. Or you can ignore the financial mess central bankers have created but you will not be able to ignore the consequences.

THe thing is, if things get as bad as the doomsters are prophecising, the critters that are making the poo that Woodland is surrounded by are likely one of the best forms of insurance anyways, provided he has the means to protect them.

[farmaholic]

THe thing is, if things get as bad as the doomsters are prophecising, the critters that are making the poo that Woodland is surrounded by are likely one of the best forms of insurance anyways, provided he has the means to protect them.

That "insurance" needs to eat and can get sick.

[AlbertaFarmer5]

That "insurance" needs to eat and can get sick.

But it is edible, keeps indefinitely through all seasons while on the hoof, makes milk, duplicates annually, (100% annual return on paper) etc. Might not want to keep all 4000 if feeding by hand without access to diesel fuel or electricity though. Perhaps barter a few hundred in exchange something else, like weapons, or friends to help guard the livestock.
I cannot find any good recipes for gold or silver or TSLA stock.

[macdon02]

[biglentil]

I see little consensus of "opinion" on this website.

"Financial Planners"(Advisors) are nothing but parasites... just keep depositing. "Never try to out guess the market" .....is lazy and passive investing. They're afraid to be wrong.... "buy and hold"...... sure.

It's hard to know where to be.

I hate the financial services Industry.

I know people who lost money investing in start-up gold mines.

I had been investing in GIC's when I started saving,until the wheels fell off the rates. Then into stinking mutual funds....useless. Then into ETF's.... not much better. My portfolio should be way further along than it is for the amount of time I've been investing. Seems my parents never saw as many market "corrections" as I have.

Should have invested MORE into farmland and some into real estsate.

Every dog has its day and so does every investment. Real estate and farmland has already had its day imo. The junior resource sector is just off all time lows and has entered into a new bull market imo. I look for under the radar and undervalued projects. If you look hard enough gold can be bought in the ground in the best mining district in the world for $10 an ounce. For example one that ticks all the boxes for me is Lincoln Gold Mining trades under the symbol LMG on the TSX-V. Lincoln has a 500k ounce 43-101 compliant proven gold resource in Nevada and California with bluesky potential to expand on the current resource. The CEO Paul Saxton is a seasoned geologist that has put 6 other projects into production he plans to do the same in 2021 with Pine Grove Nevada. The 2014 Production and Economic Assessment report (PEA) gave the Pine Grove project a NPV(5%) of $55m USD at $1400 gold, at $1900 gold it would be well over $100m. Its at a lowly $5m market cap canadian with shares trading at 21 cents currently. I think its a solid bet and worth a speculative position in ones TFSA trading account where gains are tax free. However this is not investing advice and mining stocks are inherently risky and not for the faint of heart. Do your own due diligence.

Here is the website with corporate presentation. http://www.lincolnmining.com

[farmaholic]

Thanks Biglentil but kinda out of my comfort zone. Maybe not too big a deal for one annual TFSA deposit.

Might be approaching the age where cash under the mattress is in my comfort zone...lol. just kidding.

Agree on the farmland, the huge appreciation in Sask farmland is probably over. Ten or more ìyears ago would have been a good time to buy. Even housing.

Maybe thats why I can't break the Ghetto cycle(according to wiseguy).

[errolanderson]

Another rough week for the tech sector. Since record highs in NASDAQ set on Sept 2nd, NASDAQ now off 12 percent in past 2 1/2 weeks. Gold is off about 6 percent from recent highs. Comments from Fed this week that interest rates will stay low for years cooled precious metals. Translation: Inflation is not a concern.

Currency and precious metal traders now eyeing USD for market direction. USD has yet to break its downtrend.

Grain sector has been the star of the show. Fallout in the USD has been a contributing force. China’s Sept buying spree in the grain sector ie: soybeans has taken the market somewhat by surprise. As long as china buying holds, prices may go higher, but technicals screaming overbought.

Southern Ab feedlot barley bids recovering quickly off harvest lows. Lethbridge traded $242/MT today delivered, up $40 from late August. Yellow peas showing a little life.

Loonie now hovering @ 76 cents U.S. USD break higher could quickly knock the Cdn lower with support now seen @ 75 cents.

Soy complex, veg oils, corn are the star of commodities right now. Corn recovery (pulled by the ears) by beans though appears overbought. Wheat futures heating on Europe dryness.

But looking over my shoulder at weakness of equities.This could spill into commodities as we head into October. An opinion . . . .

[Ache4Acres]

US dollar heading Stronger from here

China holds only $1T in US treasuries while American people are going to flee to the safety of the dollar to the tune of 3-5x that

There is no good alternative to the USD and until there is it will remain king

[malleefarmer]

This is NOT a comment about covid19 being real or perceived don’t give a rats toss bag in context of question.

Errol if the second wave of covid19 happens across northern hemisphere again it’s not a Covid comment per say, markets could indeed be under pressure in coming weeks?

Can’t help but think grain may get caught in downswell? Or will fundamentals rules the roost which appears to happening at moment

[errolanderson]

This is NOT a comment about covid19 being real or perceived don’t give a rats toss bag in context of question.

Errol if the second wave of covid19 happens across northern hemisphere again it’s not a Covid comment per say, markets could indeed be under pressure in coming weeks?

Can’t help but think grain may get caught in downswell? Or will fundamentals rules the roost which appears to happening at moment

Mallee, grains are fundamentally strongest of the commodity world. A second wave COVID would be a threat against industrials and energies. Believe crude and copper would be vulnerable to losses. The NASDAQ is simply a casino right now with limited fundamental backup to justify valuations.

Technically, beans, soyoil, meal corn and canola are now overbought. A setback over the next few days, why not? But China wants to feed its people. Tariffs are simply politicing. They will fade into the rear view mirror due to ineffectiveness.

Barley, canola, flax are very well supported with buyers. Yellow peas are finally showing some life, durum appears solid. High protein wheat was heavily oversold and now starting a recovery. The farming industry is now much healthier than most sectors of the economy.

Should round 2 COVID occur, global growth would again be staggered, but grains will be fairly stable (IMO). Selldowns would likely met with buyers once again. An opinion . . . .