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Lets face it 95% of us here relate to This https://goldtadise.com/?p=389872
The Other 5% relate to this https://goldtadise.com/?author_name=washer
So Anyhow ….We do all this great TA Wizardry, with varying results.
Can you honesty say.. You , (as at least a Closet Goldbug ), can divorce your goldomania ( there is no known cure)
from you Trading decisions ?
If you cant its probably just best for you to Buy Phys and hold it.
That’s been a pretty good long term money strategy since 1970.
Looking back the Phys I bought in the late 90s and buried has been the best Gold Investment the last 20 years at least ( now if I could only remember where I buried it !)
We were lead to believe that as Gold went up its Miners would go up 3 to 5 % more…because of course their income rises exponentially as Gold Rises.
Then we kept investing in THIS !
OK so we were idiots !
Plain and simple…it was a learning experience (some of us more painful than others)
However 20 years is a long and hard grinding bear market. And that’s not the half of the insult to goldminerbugs .
This decline was made all the more Diabolical and Amazing by the fact that it happened even all through a Raging 10 Year Bull Market in Gold !
Sheesh. Like Plunger always says Mr. Market is a Mean Old Buggar.
BUT…in true Goldbug Spirit there appears to be a glimmer
…Look at the right side of this chart…..
2 Important trend lines have been breached and a nice potential bottoming pattern is emerging
This is a long term chart so …IF symmetry is ideal…this could take all the rest of this year to build out
Spock has been hammering us at the miners Site that this is a marathon and we just heard the starting pistol about 15 months ago …
So What IF this is the turn in miners vs gold
…The implications are astounding. This char,t just to get back to historical norms , has a long way to go!
Rambus has been reporting the Inverse ratio which shows even more drama …remember when reading this IF it goes Down Miners are Increasing relative to Gold. Below my rudimentary adaptation of Rambus Chart to date
Miners can rise vs gold just as fast as they fell…Looks like a good potential play to me…to just put say 20% of your PF in Spock Rocks and Rock Bottom Prices, Comical Prices really when you calculate the potentials.
Lest face it any company that stayed alive thru this brutal situation is a lot closer to a bottom than a top.
Then again if everybody already knew this the party would be over.
There you go I am letting my bias direct my charts…cant help it some times.
Fully feeling bullish (today)
However…
It is amazing knowing that there was a “raging 10 Year Bull Market in Gold” within that long down trend. It feels good when Fullys bullish 🙂
part of the very deep gold bug bias is the fact that i believe that this situation
is not unique to p.m miners but to the commodities space as a whole.there is always a bigger picture
Great post Fully, thanks. It is difficult to separate the gold bug from the share trading, but it can be done. I would like to think most of us are contrarians, hence the investment in Uranium, which is still struggling to make headway, but a few green shoots showing now using UEX as an example, although we will have to take a long view to make real profits on this one and we will see a lot of volatility.
http://stockcharts.com/c-sc/sc?s=UEX.TO&p=W&st=2002-03-30&en=2014-03-23&i=t31850036269&r=1490871554167
Waiting till after May to put my money back into gold stocks. Already up around 20 percent in blue chips since I rolled out of miners which have dropped 20 percent since I made the switch.
Well Played Marcusjames !
I can’t so just stack. However the ROI isn’t great compare to real estate but it’s liquid.
I’ll understand something you say one day Matthew!!
Please indulge me some irritatingly obvious comments:
A) The stocks:
1. All it takes is 1 great one (huge discovery; takeover at a great price) in a down market to make one’s own portfolio outperform some index; however
2. If one is unlucky or not good one can do fairly poorly with one’s portfolio of stocks even as the index goes up
3. Possible specific tax considerations
B) The physical metal comes with its own problems, such as loss, theft, specific legal problems, metal detection, tungsten counterfeiting…. and, literally, forgetting where it is. (Forgetting or problems with decryption occurred or at least were said to have occurred in a branch in my family as someone in a non-urban area got old, sick, and then died.)
So the charts are fascinating and instructive and for me somewhat surprising–but don’ tell all the story.
best to take profits along the way and put those into the sock drawer as who knows??? I assume once the bull clears some major hurdles and chaos on planet , then pedal to the metal at that time.