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HELLLOOOOO !
A N Y Body Here \|?
We NEED some Clarity here
WTF is going on ?
Tonites Plunger Weekend Report is out
Here is a sneak peak for Goldtenters
12 hour window
…………………………….
In case you are to afraid to read it
here Is an excerpt
“I have focused 50% of my investable funds in the royalty and streaming stocks. That’s a big chunk, but this is what the market is valuing higher right now. Later will come an emphasis on the major producers followed by the mid-tier. Later on when the bull market is fully recognized the juniors will be popping and on fire. Of course throughout the bull market there will be select juniors who have actual discoveries and experience moonshots.”
https://rambus1.com/2019/04/13/weekend-report-melt-up-or-roll-over-a-look-at-two-scenarios/
A++
Thanks for sharing.
Well researched, and a superb read as usual. Thank you Plunger, and thanks also to Fully for the post.
The stock market recovery and euphoric surge toward new highs could be a concern for gold and for the miners.
Will the PMs pause here, maybe sag somewhat, until the storm surge is over ?
The real news is what he writes about the general markets and the likely move on the Dow, etc. A handful of others, very smart others, have been calling for a “melt-up” to the 30,000+ level for the last few months. It seems to me he is “stuck” in his bull mood for these gold stocks, whether streaming or not. The downside is calling, and that with a siren’s song. My bet is further downside, flushing out what little money is in the gold stocks of all kinds.
FSG is a defunkt (sic) ETF that I keep alive. As a ratio chart, its UGL/SSO.
Gold up, SPX down at double speed.
On the monthly, I have an extreme OB technical peak at 128 in Feb 2016 (Shanghai 1.0).
The downtrend its been on for years resumed after that brief uptick.
We had another uptick in 18Q4 to OB, and it reached 162 this time, ahead of Shanghai 2.0.
So will this trend last two years like the last one did? (I’m suspecting so.)
We all know there’s someone in the WH who really wants it to. And he seems to have pull.
Of course, if you are a socialist and want MoneyFurNuthin and ChecksForFree,
you’ll be voting for a candidate promising the moon and MMT to pay for it.
That would get gold moving! (And crash the global financial system soon enough too)