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Any way you slice it . PM Bulls are getting a lesson In Humility right now
This is NOT good action in Gold Silver and the Miners
Caution is advised…I wish to state right now that anyone who feels vindicated with their calls lately
only needs to wait a few hours for their emotions to turn full circle
This gut wrenching action is crushing for everybody trying to trade this market
The “Easy” Money has been made…If you missed it you missed it
Now we have
And the day isn’t even over yet!!!
Easy money is yet to be made . . patience my friend . . patience . . bulls are far from done.
Of course I agree Bulls are far from done BUT The Easy Money HAS been made
Those who bought in Jan and Feb made easy money up until April…100% plus…easy….a dream trade….up up up !
Now the volatility will make it much tougher to make the next 100%….Of course when I put it this way YOU agree Avi
You may be surprised over the next few weeks . . . I am still cautiously optimistic . . but if what I think may play out plays out . . you aint seen nothin yet.
Oh NO ” You Ain’t seen Nothing yet”
We had a Poster at the OLD Goldtent …Goldrunner who had this exact phrase as his Rally Call
He stuck to his guns and even had a pay site “You Ain’t Seen Nothing yet ”
…His call was for a HUGE run in Gold …and he was right but not the kind of right he envisioned
This was in 2008 ….just before the big Kahoona…
and we were all saying…Well Goldrunner told us… We ain’t Seen……!
Hope you are right Avi…I am still of the mind this is a Budding Bull Market but we are in a wild and crazy
Consolidation Zone where ANYTHING can happen…Like a Strong breakout to new highs and an epic fail ..same day !
Oddly enough, I’m sticking with the bull side. Despite the fear running around inside my head beating my brains out. I’m gonna go with what Rick says:
Rick’s Pick for Friday
$GCQ16 – August Gold (Last:1285.40)
Posted June 16 at 11:11 p.m. EDT
The usual bunch of gang-bangers, mountebanks and child molesters may have knocked gold down hard from yesterday’s summit, but this failed to negate the very bullish implications of the rally that had preceded their attack. Notice that at Thursday’s 1318.90 high, when August Gold was up $43 on the day, it slightly exceeded the 1308.20 high recorded back in January 2015. I have previously referred to this peak as ‘the Matterhorn’, and its conquest today has rejuvenated the bullish energy of the long-term charts. The rally surpassed two prior peaks (both labeled), transforming the uptrend from early June’s 1201.50 low to yesterday’s high into an ‘impulse leg’ from which any pullback should be regarded as a buying opportunity. We’ll wait for the correction to run its course before we jump aboard, but you should tune to the chat room in any case, since the turn could be signaled at any time via subtle price acton on the lesser charts. Visit our 24/7 chat room and share timely ideas and real-time results with great traders from around the world. Click on the link for a free trial subscription.