Week ending comments from Gary
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THE CAPITULATION !!!!!!! GARY ! ? https://www.youtube.com/watch?v=CkKCzDwkV9g
Cool from “decent profit” to “small profit” to “marginal little profit”. LMFAO. ๐
Your broker must be a happy camper.
Eric ur funny,Ive had decent,small and marginal profits, I never laughed at any of them.
I suppose you had each time either of them.
Gary was showing off how much profit he made. Actually he was expecting to make between 20 and 30% in the coming weeks. So first he was saying it was a “decent profit”. When I told him I can’t believe it as he was buying half of his shares at the end of the trading session and he should explaint what a “decent profit” is in his eyes he said it was a “small profit”. Today in the interview it’s a “marginal little profit”. I assume it was a small loss but he would never concede that.
You asked me what I meant by decent profit the other day and here is my response.
“Iโm saying we have strong hand status after yesterdays rally and we can now move our stop up to break even and not worry about a meaningless wiggle knocking us out of the trade.
If the market reverses all of yesterdays rally then Iโm going to be wrong about a daily cycle low occurring on Tuesday and we will stop out at break even. No harm no foul.
If Iโm right and Thursday was a daily cycle bottom then we now have a brand new 35-40 day cycle ahead of us. And if I right about a final bubble phase this trade will turn into a huge winner over the next 2 months.”
The trade turned out to be mostly a wash (+.01%). Now I’ll wait until I get another low risk setup and try again.
And that is why they say people who defend themselves in court have fools for lawyers.
At least you made a small profit. ๐ 0.01%? Wow!!!
Looking at these kind of numbers I guess you bought some nano technology shares? ๐
not my post
Not my post.
Ahh. Makes sense. You make intelligent comments, whereas this impostor is a troll making utterly moronic statements that could only influence someone who has zero concept of trading.
I will change my display name to EricM from now on.
@GH: Thanks for your support. ๐
Looks like they fixed the bug, Eric. I just tried posting as EricM and it would not take.
Sounded to me if this capitulation happens we se a $300 drop.
Not a big deal for a 5% buyer monthly tho.
Not sure if a big share gambler would figure this is the time to go in.
Damn. Now my keyboard is full of puke. Thanks, Gary! ๐
Al, most people here discuss targets and their idea of timing every day. Guests and posters alike. Those are projections based on best guesses or technicals or whatever. I don’t think anyone takes it too seriously. Nobody gets it right all the time anyway. At the minimum we should catch the direction though. I think gold is going down next week…….dowwn…..dowwn…..dowwwwwn.
But then again….that is the consensus. So maybe it will be wrong.
And after all we have been through together this last year it should just be humorous by now. We can’t take ourselves too seriously. For those who stuck around, all that matters now is we catch the upswing together. I mean…..we ARE the diehard crowd. If Ricks call turns out to be right and we do head to 1400 again I will be damned surprised but I will also be out there buying.
What do you mean you COULD be WRONG!!! Bird.
Ive bet the boat on your call, if this don’t work out I wont even be able to afford he caulk required to fix the holes in the thing.
Oh man…you know better than to stake any bet on my prognostications. NOBODY knows what will happen tomorrow let alone whether stocks crash or rise on Monday. Well, except the guys at Morgan and Goldman maybe. I merely offer my theory. Happily it has been pretty close so far but not quite perfect. We came within 5 bucks of my bet on gold (good but not great) and just a whisker shy of 1.39 on the Euro (better). We await next week to see if gold tanks or not. Got to get that crystal ball polished up better…….you really have a boat?
Nope, havnt had a boat since I left B.C.
I was just “a funnin” ya.
I might have missed my low, as you say we find out next week.
But had it hit the payoff would have been big, and the miss was minimal.
It still might get there tho.
We shall see.
The usual culprits are set up for a big drop, there is also somewhere around 50% of silver holdings in invester hands right now, should they decide to sell, $12 could be high.
In poker terms, the pot offered favourable odds for the draw
I haven’t had a boat since I left BC either. That thing was the biggest money pit of anything I ever owned. It just demanded money constantly and we rarely ever used it. Of course when we went to sell it the thing was not worth snot. I only rent now. Its much cheaper and doesn’t take all my time.
So you are saying a silver smash is coming? Usually silver goes off like a rocket once it has hit bottom. Maybe what you are seeing is positioning ahead of the herd in expectation of a sharp upturn. Then again, as soon as enough longs enter we usually see metals get crushed. No reason for that to change. The precious metals bear market is still intact as we have learned.
Bird, Now that you don’t have a boat, maybe they should call you ” Paddle Boy”. DT
Bird, stop trying to pretend, you don’t have a clue. DT
Al and Cory,
you should interview Gary at least twice a day. He’s too entertaining. ๐
YES NICE ! https://www.youtube.com/watch?v=CkKCzDwkV9g
The scenario no one is talking about is that gold just grinds higher and breaks out above $1400. We did get the “golden cross” a few weeks ago with the 50dma rising above the 200dma. Now gold is a above both those moving averages and could be building up some upward momentum currently.
As I said yesterday > I THINK GARY IS WRONG! The 50 day average in Gold is trading above the 200 day average (GOLDEN CROSS). Gold is trading above the 50 day. The MACD is crossing over to the upside. The slow stochastic has crossed over strongly to the upside. Everything points to higher prices on the near term in my opinion.
> “Everything points to higher prices on the near term in my opinion.”
Not really. Gold is acting pretty weak the last days.
What are you on? In the last 7 trading days we have had 5 up days and 2 down days. During that time we have climbed from $1280 to $1320. Your statement goes well beyond ridiculous and completely false!
You are right. But I expected much more money flowing into gold when the stock markets go down.
Well, I used to feel the same way. Logic suggests it should be that way; but back in 2008 gold stocks got creamed right along with everything else.
And then they bounced back quickly. But you are correct JTC. So that means we need to watch for that sharp stock market correction and be ready to pounce on resource stocks right after the big one happens.
The question I have asked myself on many occasions is whether it will happen again. If the stock market does go on a similar down move or worse, then should a guy just get out now or will gold stocks protect us like they should have then?
A lot of us ask the same question as you JTC. There is no formula for the stock markets though that apply without fail each and every time. If there were it would be a snap to get rich. Best we can do is go with probabilities. As a rule, when stocks crash it takes the whole market down. At least briefly. Then you will get buyers rushing in expecting a bounce and a lot of volatility gets moving. But if an asset class is already beaten down (like gold) and then it falls deeper in a crash scenario you would probably be nuts not to buy it with both hands. The other scenario though, and one I happen to think is more likely due to current and ongoing Fed and Central bank supports, is that stocks begin to ratchet down over a long period of time. Eventually you enter a bear market but it is not really dramatic and nobody rushes for the exits. In the background you start seeing a rotation to resources and other better opportunities. A stealth shift if you will, much as happened since January. This is the one that seems to catch everyone off guard because the moves are gradual and often not all that newsworthy. At some point people sit up and take notice and realize they missed the bottom. Some might even feel they missed most of the best part of the move and are unwilling to risk jumping back in because they are thinking “this won’t last…it is going to fall back down”. The result is a slow building until some noteworthy sentiment returns. For example, an inflation report comes in that turns heads and then everyone suddenly puts two and two together and goes “Ah-Hah! That’s when they look at gold and realize (Oh my God) that it has been signalling inflation expectations for maybe a year in advance already even as stocks were dropping due to repeated earnings misses. So now we have stocks falling and resources rising which is exactly what must happen anyway but we just got there in a different way than most expected. This is just a theory mind you and as we all know most theories are meant to humiliate those who dream them up. I guess we shall see!
I can not believe someone still use technical in gold. IT DOES NOT WORK AND WORSE, IT IS A TRAP.
Its worked for me going on 14 years now. It helps when you know what your doing, unlike yourself.
I have been buying gold/silver since 2004 and made a lot of profit. How do you assume I don’t know what I am doing? You’d better apologize. Don’t make accusation you know nothing about. Most tech funds lost a lot money and a lot of them close down. I assume they know better about technicals than you do since it is their business.
These funds are called Tech Funds with a reason. I am not talking about pension funds and mutual funds. Most of them don’t even touch gold.
Lawrence, seriously? Tech Funds does not mean technical analysis. Just because a fund is a tech fund does not mean they use technical analysis for thier buying decisions. I have never heard anything more stupid. Do you think before you write this stuff?
JTC, why do you have to be so insulting? You come here to discuss or piss off other people. Off course these funds use a lot of technical analysis. How much they use you will never know. Before 2008 quants used to be popular.
I read a paper from a professor who used to work with US FED to manage FX market. The central piece of the practice is that FED generates trend change based on techncals and trick the funds to identify the change and take side of FED. Gold is on the centre of world currency.
I will not answer your posts and please do not follow mine either.
Wrong. Technicals are objective indicators and help remove the emotion/bias from making short-term predictions. Just because you don’t know how to use technicals, doesn’t mean they aren’t useful for making trades.
It is a better comment than the last. However, if a technique has too many failure and exception, it is not reliable. As a person with Physics Ph.D., I discard any theory with near 50% failing rate.
Have to disagree Lawrence. Fund Managers are fundamentalist’s and often get caught up in hype and hope. They lost huge because they had no technicals to help them determine proper sell signals.
I guess I am on Al’s camp
Lawrence, the only reason for the development of technical indicators is that they have value in measuring trend, momentum, and strength of an instrument. It does not mean that all of them provide a valuable signal at all times or any idiot or machine could make money. The skill is in using them to help define entry and exits while considering many of the psychological, fundamental, emotional, and other data contexts of the current market.
I agree. But I know Wall Street and Uncle Sam routinely salt the technicals. I suspect that the last year’s gold move is one of the major plots. No problem of using technicals but one must be flexible. Tactics do not help you in the war unless you assume the other side knows them too.
Salting technicals…..good line. I suspect it too but does anybody really know for sure?
Hi,
Long time no post.
A possibility of a capitulation that could see three weeks of continuous, uninterrupted selling? While I have reached a point where I am willing to consider just about anything as possible, I find such a scenario very implausible because it seems to assume that the gold market is a paper market and a paper market only, and furthermore, that if the price of gold were to get hammered below $1150 and such selling were to just continue for weeks on end, no buyers would step in on the physical side and provide a solid floor. But why would we make such an assumption?
Thinking such a โcapitulationโ is possible seems to suppose that a selloff in paper would be pretty much unconnected to what happens in the physical market. This view seems rather Ameri-centric, like there is no rest of the world and paper gold is the actual and pretty much the only market that matters. Paper is somehow disconnected from everything else. But has not the physical market prevented a slide to $1000 so far?
As useful as charting is, at times, itโs Achilles heel is that charts seem to have a somewhat hypnotic effect on those who study them.
What I would REALLY like to know is where all the physical is coming from to supply all the demand. It does appear THEIR ability to smash prices to any level they please is diminishing. Presumably because they have less physical to back up their price smashes. As it stands, their supply is not yet exhausted and they seem to keep scraping together fresh supplies from all over the place. Most recently, if reports are to be believed, the Ukraine.
Apparently there is more physical than the conspiracy crowd would like us to believe.
There will be plenty of buyers when all the signs of a final bottom are in place. Rick Rule is waiting for the capitulation, Jim Rogers is waiting for it. I’m waiting for it. Doc is waiting for it, even if he doesn’t know it yet.
There are plenty of smart money traders in this world that know what to look for at final bottoms, and most of them always make sure they have some cash available to take advantage of this kind of opportunities.
They only come around once or twice in a generation and they are when millionaires and billionaires are made.
Heck you can see it by just reading the comments here on the blog. Traders are poisonous in their belief that it can’t happen. Why? Because they are invested and they don’t want to think what that kind of drop would do to their portfolio so they continue to hope that something will make price go up, whether it be China, physical shortages, or the latest excuse that everyone seems to have latched on to, Ukraine.
Like somehow anything that happens in the Ukraine is suddenly going to flip a switch in peoples heads and command them to buy gold. Obviously complete nonsense. People buy gold, or anything for that matter, for one reason, and one reason only. They expect price to rise.
Case in point nothing in the Ukraine has changed yet somehow gold went from $1393 to $1280 in a matter of two weeks.
How is that possible? I thought political tensions made people buy gold? Obviously the Ukraine had nothing to do with the price of gold. Gold went up because price was rising and traders expected it to keep rising. When it quit rising they started selling.
Now if price continues to fall, and I expect it will over the next 4-8 weeks, nothing will stop it. Why? Because traders will come to believe price is going down and they will look for smething else were price is rising to put their capital into.
Excellent post. I could not agree more. I am waiting too. Looking forward to when the trend gets going in a decisive way. Is that you Gary? I mean is it the original Gary who wrote this?
Seriously man….that was a good post. Best thing I read all weekend.
Of course not. ๐
I understand ๐
> “Now if price continues to fall, and I expect it will over the next 4-8 weeks, nothing will stop it. Why? Because traders will come to believe price is going down and they will look for smething else were price is rising to put their capital into.”
I guess nanotechnology shares? LMFAO. ๐
So I guess Gary if your thesis is correct and gold drops $300 or so then everyone will give up except you?
Aren’t you special…
I am really tired of American centric view on gold. US is net exporter of gold and only a marginal buyer. Rest of world buy 10 time more than US. None of these buyers besides buy paper gold. I guess paper does not look too good on a woman’s neck.
I think coffee has hit its peak and is heading back down after topping a second time. I also think it is a sign of what is to come next week. Just a theory of course…….
Do you mean S&P or Gold?
Commodities mostly. Some high flying softs. Gold is set to fall hard in my opinion. That puts me on the opposite side of the trade as Rick. Usually we agree on direction but not this time. I get to eat my words and nurse some losses next week if I am wrong…..but that’s life man! ๐
Thanks. I only buy when the market is really bad. I cannot trade very well since there is always some traders(Machines?) faster than me.
You only buy when the market is bad? You mean when it s down? I was just looking a little closer. I really can’t make out what will happen. Crystal ball is busted. Maybe the guys will do a wrap at the end of the day after the markets close and get an opinion.
I usually set a low ball bid and wait it to happen. For gold and silver I can only buy when blood is on the street like last June and December since my position is heavy – 50% of my portfolio in equity. I dare to do that since I get slightly more real estate investment outside of my portfolio. Overall PM is 24% of all my investment.
I never believe anyone has a crystal ball. Some of my position lost 50% even I got in on the lows. They eventually go up though. What make me worry is my gold stocks which I acquire last year. These stupid guys lose 90% easilly looking on historic charts.
Just don’t let Eric, Hal, B, or what ever name he’s going by today find out or he will crucify you if you have a losing trade.
Heck I get reamed when I have a winning trade. Apparently there is some minimum gain that is required or it’s considered a massive catastrophe.
Can I remove my last comment somehow? I’m an idiot!
Lawrence….just looking at the Dow. It has broken resistance and not in a good way. Monday could be ugly. Maybe that is what coffee just told us. This could be the real correction coming.
DOW/S&P is over extended. I sold about 93% of my holdings in tech and large cap index in Feb and early March. I did not catch the top but glad I got out. I made the decision after Gregory Mannarino confirmed my worry.
Nice move Lawrence.
That fellow sounds pretty knowledgable too.
I should listen to him more often.
Yeah, Mannarino has a flair for drama and a great style of speaking. Gets right to the point.
You didn’t catch the exact top? I always do!
Forget the charts , forget guessing , forget the manipulation….If your happy with todays price for physical , G&S…then just buy & hold….if you have the spare fiat .
OK
OK….BIRDMAN
TAKE THE INVESTMENT CHALLENGE WITH ME.
Lets separate the real men from the little boys in trading. I’ll
prove without a shadow of a doubt you are a fictitious trader
that could never be the successful trader you falsely claim to be.
For 8 weeks post all your buys and sells to the site as soon as their
executed and I will do the same.
You won’t because those that live a lie always have an excuse. Just
like last time you had an excuse.
YOU SAID IN YOUR LAST POST TO ME YESTERDAY I WAS FULL OF BS.
( wrongful accusations against me)
I’ll prove its you thats up to your eyeballs in BS and way over your head.
However, I know you won’t take the challege because you are way over your
head in ……. BS.
It’s the BS you started long ago too. Per my post to you regarding the same..
YOU INSIST ON STEPPING IN IT……SWIM IN IT TOO…IF YOU LIKE. …its your BS
Its not making you any money. Take the challenge or forever hold your peace.
Because I want away from your lies and false claims. THATS FINAL !!!!!
I couldn’t agree more, BS in flannel. DT
Why bother to go out of your way to portray yourself as the ‘schoolyard bully’ HH ?
Maybe take a chill pill & relax a bit.
Ultimately we are all on the same side…we all won’t too see the mining stocks & the gold price rise…substantially.
Its only the timing of that rise that many of us disagree on…its no big deal.
Cheers.
Sketta…forgive me …Bird kerps calling me out.
I’m not a coward and if someone makes false accusations
telling me….that is me full of BS long gold ffom the very
bottom in Dec. 13 and he on the othet hand was a gold
bear sll the wsy up
Finish……way up
Then he needs to be reminded he has a short memory.
The only thing that is BS is what keeps coming out of his mouth.
SORRY BRO….the way it must be. Im no bodies Paddy Boy.
Of course you are a paddy boy. You and Dick are probably the same person. Paddy paddy!
Bird…………I can almost guarantee…….DT AND HH are not the same guy…….
MY…. ..MAMA….
Never said I was ? Fact is ….my dear Mama never lied to me.
So I know for sure im not a…… Paddy Boy.
So don’t say nothin bad about my Mama or Andy Griffith for that matter.
Aunt Bee and Barney said I have a really good Mama too. Andy said that many times.
So don’t even think I was a …MAMA’S BOY……OK…..
WRONG…WRONG….WRONG….no Mama’s Boy either…
AND THATS FINAL TOO….never. ..ever. .never. ..not playin now.
Thanks Skeeta. This guy is typical of a boxer. They always lead with their chin and try to bluff you into backing down with noise and posturing. Schoolyard bully tactics. His analysis amounts to just a few words. Gold is going up. Well Duh! We all know that. Maybe he could finesse it a little more.
speaking of capitulation. Its open season on the Nasdaq.
NO one on this blog expects any interviewee to say gold will be “x” at the end of the week or month. I sure don’t! Where did that come from?
But when Gary sez week after week we have to have “capitulation” to finish the gold bear with a target of 1030 is it wrong to expect a little accountability? We all know what a wash out is & if it goes to just 1130, Gary will be very right. I for one will lead the praise. A little reminder that for many weeks he has called for a blow off top in the market to end the big bull run. TWT
On to the good Doctor, he expects a grind down to form a right shoulder of a head & shoulder bottom. Week after week that is his broad call and I think a good one he sticks to. Guys these are major theme calls and not short term trading calls which is what Rick Ackerman does with very short time targets that are specific numbers.
We all know about the variables, Putin, Gasprom, Yellon, Iran, Isreal, Obummer, China, India, et all.
No sale on the “if it doesn’t go up it will go down or maybe stay the same” but I am right.
At least those guys explain why they think something will happen. That is always appreciated because we can learn from their strategy and thinking. What makes me crazy is the guys who hit like girls and keep shouting in LARGE CAPS that gold is going to the moooooon but never articulate why. Apparently they think shouting is the same as reasoning. They also think nobody notices. Good grief!
Bird you constantly contradict yourself, you have no point of view except to say how correct you always are and that is absolute rubbish. LWL, DT
Bird is very quick when a guest turns bearish on gold he’s all over it.
Can’t change a leopards spots…he’s 100 % GOLD BEAR.
Breed and born that way. Therapy maybe….rehab ?
No contradiction. You just don’t know the difference between short term trading and longer term trends. Is it any wonder you got beaten so badly on gold and miners with such a poor set of analytic tools to work with?
You simply make up answers as you go along to build your inflated ego, you have no knowledge of anything other than your self love.DT
Man! You are OBSESSED with me!
Bird, I can see through your veneer, you are not that difficult. DT
Your posts read like fortune cookies. My wife thinks they are hilarious.
Good comment on the shouting. Large “caps” is shouting as we all know. I have no problem with shouting if a good reason is given. If not, it’s just plain rude.
Caps are not rude. They are used in all forms of communications and to high light
important subject’s making it easier to read.
ALL FORMS OF ADVERTIZING
REPORTS
LETTERS OF ALL FORMS
BILLBOARDS
The list is long and Caps are used by many professions including attorney’s
In several months you better get use to it.
WHEN THE GOLD BULL starts in earnest
The whole board will be lit up by tons of new comers.
Plan a long vacation. ….Bird
Maybe “Hits like a Girl” can tell us what day the bull will begin.
We are in a gold bull market. Amateurs like you wouldn’t know that.
Find some new colleague’s that can bring you up to date. Or get out
your check book plan on spending some large on the best analysis in
the business. I’m sure with all those big profits you have a few thousand
to put out immediately won’t put a dent in your trading account.
Then you won’t be such an amateur. Or maybe enroll in a gold bear rehab program.
Happy trading !!!!!
Best analysis in the business? Ahhh…I see. You are selling a newsletter then?
Not just any newsletter. It’s for those who want to make serious money on every trade
with serious money. But I think if you really want the best analysis in the business and
want to trade gold it will cost some large but you will do very well. Major turning points
is the key. My system trades all markets. Its all highly selective and surgically placed trades
for 100 % success. You want to focus on gold…refer you to the best anaylists.
The next intermediate top in gold is a trade I will short. Its going to be a surgical
trade 100% accuracy.
You don’t take on any trades unless you are 100 %. Use large capitol and 3 x leverage.
A 3 % move with $340K yields about 10 % within a few days profit of $100k.. just an example
Happy trading.
So what is the name of you investment letter?
Typo….yield $30k…..then adjust the numbers for your own finances on that post.
Very conservative 3%. move. More like 2 to 6 percent. Want to be ultra conservative.
CONNOISSEURS WEALTH INVESTING
$300 a month. 2 months free with credit card for auto bill after trial.
New start up. If this gold bull takes off those plans will be negated for
a while. The money in resources will be off the charts.
Depends on time etc. Time is more valuable than money sometimes.
I don’t want to spend my time managing the company. Do the trades
and thats plenty. Need to figure out how I can escape the administration
part. Probably a million a month income after several years. I have google
Ads account know how to promote …..and promote it through the roof and
then referral biz will be huge.
Gotcha. It is called CONNOISSEURS WEALTH INVESTING. And there is a website I suppose.
Like I said…a start up. Web site can be developed within a few days so the big challenge
for me anyway because the promotion part is my specialty and the trading is on me as
well but management. Like I indicated. If I could find the ideal partner who could be the
area of top notch skills to facilitate the finest results in those other areas because I don’t
want to deal with it. Quite frankly, all my time must be productively spent in trades.
Once the resource sector flies ….if….high odds my capitol base will increase substantially.
My trading system has no limits. Therefore, who needs subscribers even at a million dollar
a month income. That’s a lot of money but only half that is fine with me. I just don’t have
the time for a whole business venture. And no, don’t want to manage employees. Certainly
is an option for the future this new venture..I could launch ..anytime because google ads
kick in immediately and I choose the demographics etc etc. with as much exposure I want.
Web sites are a few days to a week to launch. Just need all the material on hand to build the
site properly to produce customers and all the legal mumbo jumbo the way you want it.
ALL TIME CONSUMING AND THE MANAGEMENT IS NOT MY BAG. I can do it but can’t
do the trading. Too much research and all trades must be a 100 percent.
BTW….picking tops like in coffee, gold and others can be huge.
Those trades in volatile markets like coffee .gold and miners
are quick fortunes.
I NOTICE THOSE AREAS YOU ARE WORKING ON.
Its just making sure you get it right a 100 % and those gains
you could live on for many years just one trade.
Its having some nice size capitol and utilizing all the leverage you can.
However, safe trade like that using my criteria comes along very seldom.
Coffee looks like its getting ready. I would like to catch a big spike up
and if everything else lines up I would short the futures with maximum
capitol dumping other positions. Stay in the trade a few days and get out
with a double on capitol. What happens after that I don’t care.
That’s not true DT, Bird has made it clear he expect gold to move down.
He has also said that’s his figuring.
He explained it in a long post his reasons the other day
Thanks B. My reasons are usually detailed. We are all preparing for the rise that must come. HH seems to have a reading comprehension problem or a mental block. That reminds me, he said he was out of here. I wonder when he will go. Those are wearisome posts he leaves. Every one is the same.
Gold to the moon posts sure get tiresome.
Like everything else…there’s a time to buy & a time to sell.
Those who held on thru the down drop have no one to blame except themselves.
Yes…we’ll see gold rise to new highs eventually. ..awesome !
But those who don’t cash out towards the high will lose those profits…for some it’ll be a case of once again a missed opportunity.
For those waiting for a Mad Max scenario. ..I don’t remember them scouring the country looking for gold.
Cheers.
You recall all the thrashing and screeching from the loyalist camp of gold buyers when prices first started dropping, Skeeta? It was all caps back then too. Same thing. Nothing changes. The shouts of denial overwhelmed anyone who dared speak otherwise and they heaped us with abuse and accusations. I was called a troll so many times I lost track. Of course, there were some guys who got it right and shorted that puppy right back down to some spectacular gains. That is all the satisfaction most of us ever really need. Cheers!
I sold out last time at a tad over 1725.
People laugh at that sometimes…but they don’t understand what little I bought in at.
I’ve never ever picked an exact bottom or top…probably never will either ?
But I banked me profits…never lost them on gold’s slide…moved them into $ asset producing areas instead.
So now I’m back again towards golds low…hunting once again.
….we are in for another world of fun guys…but its once again gonna take at least a couple of years to pay off…it won’t be a 6-12 month payoff moon shot that many sprout about.
Good luck & cheers !
Frankly guys all the trading we have seen so far is just paper trades and a wee bit of physical. The people in the banks, commodity pits and metal users associations have gotten away with their paper game because they have not hit a rock solid wall of resistance yet that requires them to get serious about offering serious sums of cash for real goods. They like to use the word “no” to stop us in our tracks and they also like to use euphemism like supply and demand to defend their position from people like me. I think we ought to use their tactics against them where ever possible. Women do it all the time. It is called playing hard to get. Or if you prefer a different way of putting it we should be the gold and silver NAZIs and say to the market,“ No gold or silver for you!“ If everyone takes this approach may be some changes can be made in our favor. Just a thought.
I Thought this was an area where we were able to reply to guest comments. maybe you can create a separate blog where people can hold their b**** sessions and leave the rest of alone.
BUY G&S…PHYISICAL ONLY.