Daily Stocks Going Off$

Seamajor said:

Gold and Silver had another remarkable day.

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I thought I told you it was inexpensive a few days ago.

The Prowler said:

I thought I told you it was inexpensive a few days ago.

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Yes. I bought ten 1 Oz coins for $1650 each, in 2022. Have a look at gold is selling for today. Yes, right now, gold is expensive, $4222. per oz. But….. A very nice profit for me. I think you’re capable of doing the math, maybe not? Isn’t buying low and selling high the whole point?

Seamajor said:

Yes. I bought ten 1 Oz coins for $1650 each, in 2022. Have a look at gold is selling for today. Yes, right now, gold is expensive, $4222. per oz. But….. A very nice profit for me. I think you’re capable of doing the math, maybe not? Isn’t buying low and selling high the whole point?

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Saying "gold is expensive" without qualifying it is stupid. "Expensive" in relation to what?!?!!?


It seems that you are not able to comprehend this concept, Seamajor.

So how are your stocks doing today, Lex @The Prowler ?

I'm actually up a bit still in the black on all my trading accounts.

One stock I'm interested in getting more of is Franco Nevada.


They say it's doing well because it's a Gold Royalty company not an actual miner. so I suppose its overhead us low which enables it to generate big profits.

So it gets its profits or royalties from other miners because it helps fund them.

Maybe @Seamajor might be interested.

Share price is high tho.

Around $200 a share.

Joe said:

So how are your stocks doing today, Lex @The Prowler ?

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Pretty flat...down a little over $18,000 in my main trading account.

Joe said:

Share price is high tho.

Around $200 a share.

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What do you think makes a share price "high", Senile @Joe?

The Prowler said:

Pretty flat...down a little over $18,000 in my main trading account.




What do you think makes a share price "high", Senile @Joe?

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Anything $100 a share and over Lex @The Prowler. heck even $40 strains the investment budget

Actually 2 penny stocks I'm getting interested in possibly buying more of are 1911 Gold and West Red Lake Gold. They are both less than $1 a share and set to produce or mine gold soon.

Plus their mines are located in Canada

Once those 2 companies go into mining production in 2026 and 2027 they might not be under $1 per share much longer

Bit of a small risk but throw in $1000 each or less for 1000 shares.

Could potentially be a big payoff especially if Gold hits $5000 per ounce.

If not they go down but ya don't lose significantl. maybe $1000 at most?

Maybe @Seamajor might be interested

Joe said:

Anything $100 a share and over Lex @The Prowler. heck even $40 strains the investment budget

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That shows a significant lack of understanding of stock prices, Senile @Joe.

You do not understand even the basics.

The Prowler said:

Saying "gold is expensive" without qualifying it is stupid. "Expensive" in relation to what?!?!!?


It seems that you are not able to comprehend this concept, Seamajor.

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Clearly you have no clue about what you’re talking about.

Seamajor said:

Clearly you have no clue about what you’re talking about.

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I had no idea you were this dumb.

So Lex @The Prowler I bought ONLY Canadian Bank Stocks today.

When I signed into that account, it was in the RED.

But immediately after I bought the Bank Stocks, it shot into the BLACK.

I guess investors are scared these days & are looking for something safe 'n secure that won't fall much in a potential correction/crash.

As you know and we had previously discussed, the Major Canadian Banks will not and cannot go broke

BTW, those Bank Stocks are about the only ones in that particular account that are goin' up.

The rest like insurance have been disappointing.

Even the Gold Stocks underperformed tho Gold has actually gone up quite a bit lately.

There seems to be no correlation between the price of Physical Gold and Gold Stocks of mining companies.

It's strange and I don't understand why this is the case, but it is what it is.

Gold and Silver are down a tad this mornin, but holding nicely. Bought another 10 ounces of silver last week.

Seamajor said:

Gold and Silver are down a tad this mornin, but holding nicely. Bought another 10 ounces of silver last week.

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Both gold and silver are really inexpensive right now.

Speaking of expensive, and this is mainly for you Senile @Joe , a lot of Canadian stocks are pretty expensive right now in relation to their PE ratio*.

This could trigger a correction.

If you hold stock with strong fundamentals, any correction to the markets should not affect those stock in the medium-long term. But if you hold stock with poor fundamentals, you are definitely at risk.


* Notice that I qualified the term "expensive"? You should learn to do the same, and maybe teach the other "investor" here.

The Prowler said:

Speaking of expensive, and this is mainly for you Senile @Joe , a lot of Canadian stocks are pretty expensive right now in relation to their PE ratio*.

This could trigger a correction.

If you hold stock with strong fundamentals, any correction to the markets should not affect those stock in the medium-long term. But if you hold stock with poor fundamentals, you are definitely at risk.


* Notice that I qualified the term "expensive"? You should learn to do the same, and maybe teach the other "investor" here.

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Well Lex @The Prowler I bought 100 shares of Bank of Nova Scotia (BNS) & it keeps going up lately. It's PE ratio is around 17. If 15 is considered ideal, 17 is still a decent PE isn't it?

Also maybe the Canadian banks are considered safe haven in uncertain times?

Plus having a central banker as the PM is causing all this money to flow into Canada & the banks here. is that a correct assumption ? if so just holding banks stocks and sitting on your hands until next year, you could get a nice return by essentially doing nothing.

It's like free money dropping from the sky eh Lex? dividends and all from banks with extremely healthy balance sheets that can never go broke Prowler.

Royal Bank is like one of the top 10 banks in the world. It's even listed on the US stock exchange

I wonder if the bank stocks will keep going up in 2026. some of those Canada banks seem like buy n hold stocks Prowler

Seamajor said:

Gold and Silver are down a tad this mornin, but holding nicely. Bought another 10 ounces of silver last week.

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Here's a forecast from a respected precious metals analyst @Seamajor



Jeffrey Christensen

I don't know if he's right, but he's usually not this bullish nor optimistic on Gold. And he's usually not sensationalistic, cautious & mostly bearish in his predictions. So if he's optimistic then says something.

One stock I think I'll buy more of is Franco Nevada (FNV). it went up today. They're a Gold Royalty stock that's made over $1 billion for their investors.

I suspect they may be better to hold than many gold mining stocks.

Joe said:

Well Lex @The Prowler I bought 100 shares of Bank of Nova Scotia (BNS) & it keeps going up lately. It's PE ratio is around 17. If 15 is considered ideal, 17 is still a decent PE isn't it?

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Who said 15 is ideal?!?!?!?!!??

What is better, Senile @Joe ? A PE ration of 17 or a PE ratio of 7?

Joe said:

Also maybe the Canadian banks are considered safe haven in uncertain times?

Plus having a central banker as the PM is causing all this money to flow into Canada & the banks here. is that a correct assumption ? if so just holding banks stocks and sitting on your hands until next year, you could get a nice return by essentially doing nothing.

It's like free money dropping from the sky eh Lex? dividends and all from banks with extremely healthy balance sheets that can never go broke Prowler.

Royal Bank is like one of the top 10 banks in the world. It's even listed on the US stock exchange

I wonder if the bank stocks will keep going up in 2026. some of those Canada banks seem like buy n hold stocks Prowler

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Hahahahaha!!!!!

Senile @Joe

Quiz time


Company A stock: $1 per share

Company B stock: $10 per share

Company C stock: $100 per share

Company D stock: $1000 per share



Each company makes an annual profit of $1,000,000.



Which stock would you buy?

The Prowler said:

Who said 15 is ideal?!?!?!?!!??

What is better, Senile @Joe ? A PE ration of 17 or a PE ratio of 7?

Hahahahaha!!!!!

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I don't profess to be an expert in the Stock Market Lex @The Prowler.

Remember....I just started from scratch about 1-2 months ago on this stock trading game.

But...I appear to up in my accounts.

At least for now, I'm still in the Black!

I haven't lost any money.

And I still got $10,000 worth of contribution room in my TFSA left.

What do you think I should do with it Prowler?

Add the remaining to the TFSA? Or buy physical Gold 'n Silver, Lex? Or just buy a GIC?

....or all of the above?

All honesty, not sure where the stock market or Gold is headed, eh?

Could be Up, Could be Down, Could be sideways or a bit of each.

Hard to say really.

Doomsdayers keep warning of an impending stock market crash in 2026.

They may be right, but they may not be either.

Me Thinks the health of the financial system is based on how much liquidity there is and how much credit the players can access. But when the liquidity dries up, so does the game.

Somehow...I don't think they're quite there yet, knock on wood.

However, I think they may have 4-5 years to go before the house burns down and everything goes bust.

The Prowler said:

What is better, Senile @Joe ? A PE ration of 17 or a PE ratio of 7?

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I missed your answer, Senile @Joe.