Loading ...Course, the problem with futures is you can’t sell gold or silver for that price. Even so, you don’t see action like that in any other market where something breaks out to new highs and then reverses. That happens in this sector every single time.
The problem with the miners is earnings, their assets in the ground don’t matter unless they are an explorer. The problem with explorers is they are a crapshoot. Ipso does as well as anyone I’ve seen at picking them, but 98% of them are garbage.
PM shares were good until 2006, the metals were good until 2011. That was the time to get out and stay out. They are not a safety play or even a conservative play, they are a speculative money pit. The safe bets are large cap tech and pharma stocks because that’s where all the big money is. They’ve gone up endlessly for 13 years. The QQQ’s are up 10 fold. Gold would literally have to go to 20K and silver to $200 just to keep pace.
The biggest foolishness was to ever think the dollar would collapse.
and no, physical metals will not save us, if we get to that point, we’re all starving and we can’t eat it. Can’t believe I fell for such bullpucky.