Comments on overall US market health and the gold sector
Rick Ackerman kicks off today by sharing some of his updated targets and overall thoughts on the US markets, gold, and GDX. We also discuss the big picture of financial markets when it comes to general money flows.
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Not sure the market should come down.
Money printing is free.
Whats saying they wont continue to print.
Sure confidence in the currency could be lost, but thats already happening, americans have no choice but to use it, besides the american public hasnt a clue,and so gung ho there is nothing saying they will ever lose confidence.
Its possible we are a long way away from some kind of market crash.
The Fraudsters , are going to print…..until the sheeple are deeper in debt…..
They have been printing forever, or clipping for 2000 yrs…….what is going to change….NOTHING……….
Everyone has their buying “strategy”, for me, closing my eyes and buying phyzz every month has worked out fine.
As a matter of fact I have not lost 1 penny in the last 15-17 years of monthly buying.
I guess I could say the same thing from gold at $300 an once.
Shares on the other hand, a major gamble…oops, speculation. 😉
It occurs to me, there are huge numbers of gamblers around the world, look at the size of Vegas…thats not chump change.
Maybe instead of trying to convince people that some sort of intelligence and knowledge is required for PM shares it should be sold as a gamble that can pay off big time.
That could cause more interest.
People luv to watch horses,lotto tickets,bet on sports and roll them dice, a heck of a lot more people than are interested in a niche market anyway.
Just an idea.
Averaging the $49 per oz. purchases of silver, …takes a little longer to recover from,,,
Those parabolic moves, …are a good point not to invest in those monthly purchases,..but, will be a good buy, when being over taken in the future……. 🙂
But, with your LONG TERM OUTLOOK, you will be miles ahead of the herd….jmo
I think we will see a jump in GDX after a quarter or two of producer mines showing great profits.
Man,
what it is going to take for GDX to break out from its 7 year long basing phase?
Does it need sacrifice of a goat, or a pig or chicken? Maybe a couple of democrats?