Loading ...Boring and depressing
I’m sorry to say, but this web site has become very boring and depressing in my view. It seems like the same participants post the same kind of posts hoping against hope that “cycles” or other TA theories argue in favor of higher PM prices. Time after time, participants argue how this or that theory is ready to produce a bombshell upward march in the PM sector. Time after time the optimists have been proven horrendously wrong. God bless them all.
However, that said, I think, as a contrarian, we may be on the precipice of a bull move in the PM. If Bob holds 14.60ish we might have a shot at substantially higher prices.
There Fully…how’s that for Pollyanna. Time to buy monster boxes???
Ive been waiting for a “real” bull move since Jan 2016 (That one turned out to be a false alarm that lasted 8 months)
LOL maybe we should have sister forums for cryptotadise.com and techtadise.com ?? That’s where the action is now.
Nasdaq 100 made fresh all time highs this week.
https://www.zerohedge.com/news/2019-04-17/nasdaq-100-surges-all-time-record-high
PM sector isn’t alone in falling out of favor. Utilities, REITs and Bonds are also starting to see their momentum weaken sharply. They served their purpose by being a place for capital to hide to avoid the full impact of the 2018 bear market. Either by rising, or by falling less than the broad market. Now with fresh highs, we can guess that greed is back and the sector hedges are coming off. Fear of missing out. IPO bubble, etc
Got stopped out on my gold miner ETFs. Still holding some individual miners that have continued to hold their market momentum. Rotated recovered capital into technology (semiconductors and software) and China ETFs. “Microchips on Dips”
The PMs will have their day when John Q. Public loses confidence in fiat currencies. Many of us here remember when silver was money that jingled in the pocket, and dollars could be exchanged for gold. Since that time two generations have been born, two generations that have known only government fiat currency. In fact its worse than that. Credit cards and debit card have now done away with even the paper certificates that could once be exchanged for the metals. These days computer blips pass for currency. A mountain of debt – personal, corporate, and government is the result, and it hangs over the economy like the sword of Damocles.
In the developed and developing world debt is growing faster than the economy. The US stock market today is valued higher than the entire GDP of the country ! To keep the illusion of prosperity alive pundits are abandoning altogether capitalist ideals, true capitalist ideals, and embracing zero interest rates (free money) and modern monetary theory (free money) All the while corporations, and yes, even some governments use this “free money” to buy back stocks sustaining the illusion of prosperity. Lets not forget about the future obligations of medicare, Medicaid and old age pensions – for which no savings have been set aside.
To continue ever upward as we are at an accelerating pace means a hyperinflation blow off. OTOH to stem the tide of money printing will starve the system and cause it will collapse under its own weight. That it cannot continue indefinitely is a mathematical certainty.
Enter gold. Enter silver. Enter the rare precious metals that have sustained commerce for thousands of years.
We are certain of the “what,” Jim. We are less certain of the “when.” Yes, the rally stalled again, or so it seems. What would you do? Would you not join in on a rally when it is triggered; step aside when it falters?
I guess what I ought to say is that the posts here at goldtent are for the common good by laymen who do the best they know how. We ought to be thankful for that at least. Heck, even the “experts” get the timing wrong. So on behalf of the frequent posters here at goldtent, your apology is accepted.
OK. That’s my rant. Have a pleasant evening.
Apology proffered.
Silver Fox ….eloquent and clear !
Jim….well played….no apology needed for being on point.
Fast Forward 20 years.
We are all in a Seniors Home Playing Poker with our gold coins.
Then news hits….”BANK HOLIDAY”
We each crack a knowing smile and simultaneously say ….”CALL…. I TOLD YOU SO !”
🙂