Loading ...I guess every day is a test, but usually it’s a test for our patience with them.
PM shareholders are waking up to portfolio’s up around 5%. I really hope they can hold up, especially in a weak SM. Hopefully it will turn out to be the beginning of the real bull market, where the shares provide leverage to the metal price. They did it back in 2001-02 when the HUI ran to 600 the first time from 35. I’ll never forget it because we had to hear from “ment” about how his mother-in-law’s account made so much money because he bought at 35.
I guess if there’s one thing that pm’s have made me aware of – it’s my age, and just how long I’ve been riding this train. This is “the blessed hope” of every gold bug. Some of us didn’t live to see it. Wanka, floridagold, Farmboy?, Some old names. This is where we square up with the phony markets by holding “real stuff.” this is where the music stops and we take a seat.
Let’s hope “THIS IS IT!” as Wanka used to say.