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The times I have made real money in this PM market have been when I doubled up, pushed my bets on shares which were already doing well.
I think it was Jim Sinclair who said that the really big money in the final gold run up wouldn’t be made by the Goldbugz but by others. The Goldbugz would sell too early.
Not even close to reflecting the move up in the pm’s in the spot market.
What up wit dat?
edit: If GLD were accurately reflecting the spot price it would be right up near a 52 week high
I mis-understood your post,my fault ….We are in agreement..!
Follow the rules….The NAZI’s rules were Everything is Forbidden except that which is permitted….America was based on “everything is Permitted except that which is forbidden….”  WE are Americans….NO ?
It doesn’t exist anymore. Why would they try to kill the metals and mining sector with so many other sectors already down? Plus Gold is used like insurance for banks and governments.
Maybe they are the ones buying more insurance? The system seems like it’s on auto pilot and trying to right itself. They lost control after 2004. So let’s ask ourselves, what is right, and what was wrong all all those past decades?
Federal Reserve Notes were constantly losing value in the past, as Gold money was disrespected. The Reverse? Fed notes and Gold gain value. Like what we are looking at lately.
All those ETFs and the Futures Gambling Games are getting found out for what they are like Bernie Madoff. Natural market forces are in control, not the clever Harvard bean counters anymore.
The 2008 gold under $800 and the 2015 $1,060 lows were the best last chances to buy cheap Gold. If gold drops it would be the paper GLD type crowd clicking it away. Maybe the clickers are mostly responsible for the higher prices. They don’t belong in the gold market.
Same in the Oil market. Clickers, have nothing to sell or buy, only a thought or opinion. I heard an oil ceo say buyers of contracts should be required to take delivery. This may happen in the future.
As I said: Selling the break out is generally the wrong thing to do. Buying the break out is probably the right thing to do.
I agree that PM investors have been beaten down so regularly they expect to be beaten some more and it clouds their judgement.
Whats wrong with buying the Breakout ?  think about it !  Its just that the public has been propaganda conditioned by so many knock downs that they get scared by break outs …They are bound to lose every time …..
But I don’t like getting creamed, I’m nimble and not married to gold and it’s actions.
Timing is never easy…..it all depends on how u work….if it is long term, then once in sit tight and let the mkts do all the work…..look at Ororeef, he bought in ages ago and just sits there.
On tuesday I sold some NEM for a small profit at 59.60….today it is 63.20 !!!!
last year ,probably sept -oct there was a flu going around and they said nothing..or they are stupid just like the politicians.Its easy to see NOW when so many in the general population have anti -bodies .That means their exposure was far Greater than we were told. Dident the Blood tests tell them anything was going on ? The Dr.s are stupid sometimes because they only ask for specific results when all the had to do was look at the full results of blood tests ..and do a statistical analysis of general populations blood tests .They cant see the Forest for the trees,very myopic…and where was Fauci back then and what did he know ..or should have known ? Why didnt he gather large scale comparisons of blood tests …I can understand an individual Dr. testing for a specific thing based on a patients symptoms ,but it was Fauci’s job to watch the General populations symptions …and NOW we put HIM in charge ? REALLY ? What did he know and when did he know it ? If he didnt know it ,he should have !  He’s been promoted to his level of incompetance .!
Selling a break out to new highs is not generally the right thing to do.
Having said that … who knows!
are on the other side ..Sentiment is the Key and 90% is the signal…a few Gold Bugs dont qualify as part of 90 % .The Public is still the 90 % ..
Im in for the duration,dont want to be a sold out Bull….after all this time. Thats a worse punishment than the many hits …
I value your opinion, might have to sit on my hands. Agreed Silver is still trashed as compared to Golds
He’s a Name FAKE ..he’s not Italian ..just needed the name to fool Italian voters..
Can’t talk you out of it and don’t want to because we all know and have seen them take pm’s down the toilet many times over the years. Each of us have to take our own path and I respect yours.
What’s different between now and 08′? – not much when it comes to the SM, it may have the same outcome.
As far as pm’s?
While gold is up there a bit over $1700, I see several differences between now and previous takedown scenario’s
The HUI is still low compared to back then and just broke to a 3 year high, but not even half way to the old high of 600
Silver is still in the tank.
The USD is still much higher than it was back in 08′ or during any previous takedown.
Rates are lower than any previous takedown.
So I’m considering selling to take a little profit this morning and buying some put protection. I hate to do it too early but I think there’s a good chance that they’ll try to shit can us here really soon. Let’s also not forget that back in 2008 they hacked us for 30% in Gold. 1000 and it dropped to $700, so we could easily get flushed to $1200 in a heartbeat. I think I’m going to sell a little WPM and buy GDX puts. Usually, I lose money in options, so I hate them but I sure could use a cool $30K in my accounts if I lighten up by a measly $1K. Tell me why it’s different this time? My reasoning is simply based on that Bank of America article and $3K gold prediction. I think it’s a hedge fund penned article masquerading as Bank of America. The idiots at BOA are really dumb morons and Gold is MOST certainly not their expertise so why should they be weighing in on things they have no clue about. They certainly don’t hire the smartest minds in the industry, it’s really just a boiler room of con men, so beware of articles like this. They’re likely trying to suck a bunch of bugs in and they already have their short positions in place with other con men in big banks and world banks and they all will try to pounce us. The dollar could rip upwards for the next few months trashing the hell out of us. Why? Because east is west, north is south and they are trying to create smoke screens. You know criminals work in gangs. BOA thugs are straight-up criminals.
Looking at these markets we clearly get a sense that we have a recessionary trend into 2022 and there is no way the economy is going to be back to normal. We have probably the worst crop of politicians ever to have taken office like New York’s Mayor —Â for not keep his social distancing rule. It is people like him who have no sense of history and failed to comprehend that turning people against one another will not end with this lockdown. The changes they have inflicted upon the people have undermined the critical cohesion necessary to form a civilization.
The retail sector was showing this trend was underway. Using this virus has escalated the cycle and instead of flattening the curve, it has extended it profoundly creating damage that will not be overcome in the blink of an eye.
We should expect the retail trade, restaurants, movies, and shopping malls to have suffered very serious economic blows to the point the scare tactics of the press will result in people reluctant to socialize once again as they use to.
I can confirm that there is talk to allow states to declare bankruptcy to escape pensions and debts. This will become a major issue as we move forward.
I maintain that this is either a deliberate attempt to destroy the economy so the Climate Change contingent can rebuild the economy in their own vision as was alleged with Nero creating the Great Fire of Rome so he could build his palace, or this is an example of the most inept stupidity in all of human history.
Silver taking the lead?
Gotta love that if it holds up.
I see the thieves split their JNUG and NUGT in the hopes of keeping the retail buyers out.
Hopefully the retailers will spend their hard earned cash on some of the still cheap juniors that the momentum players will eventually take to insane levels.
