Loading ...NYSE ARCA GOLD BUGS INDEX (^HUI)
NYSE – NYSE Delayed Price. Currency in USD
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200.73*******************************-13.02 (-6.09%)
As of 11:17AM EST. Market open.
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This is a post on an HL forum 2 hrs ago by some self-proclaimed genius trader-I leave it to you to decide
if “WHITE EYES” SPEAKUM HEAP BIG TRUTH. UGH!
Time to face the BEARISH reality:
With both the Dow and Nasdaq dropping through the floor today, HL and ALL other silvers are NO longer “flight to safety vehicles” during economic distress.
Yes, Smarter pros like ME fully recognize that HL and ALL other silvers have been replaced by BITCOIN as a much safer and superior alternative “currency.”
In fact, by any comparison, BITCOIN is truly a risk-free asset while silvers such as HL are of questionable value, especially when you realize that silverbugs all over the world have parked TONS of silver in vaults, under their beds, etc.
The BEARISH reality is that there is so much silver out there that there is NO need to mine another ounce of silver for at least 12 more years…
….so there is NO justification for the existence of any SILVER miners such as HL, period.
The world is a better place if all silver/gold miners were to be shut down, asap….
….much less pollution so that our kids can live in a cleaner world
My genius in understanding these facts is why this smarter pro typically is far far far more ACCURATE than so-called wall street “experts” in selections of ALL my SHORT targets such as HL…
….so please mark this post for future reference as ABSOLUTE PROOF of my INFALLIBLE SHORT selections, NONE of which have a hope of regaining former highs…
…and ALL inevitably heading for new all time LOWS, sooner than later