In 1994 the internet was just a new thing….( Now its EVERYTHING)

In about 1994 ,I got my first laptop and found some gold sites as I was hearing from conspiracy theorists who were sending out mass mail ( yes real mail to attract more conspiracy theorists.)….that there was going to be monetization of the exploding debt and the resultant hyper inflation would destroy everybody’s wealth except for those who had Gold…..GOLD…..lots of gold ….and especially gold stocks !!

Well they convinced me !

So did my stock broker ( yes we had real physical people called stock brokers )

You went to their office and gave them a check then you would visit them on and off and send more money to your account…and they in turn would tell YOU where they were going to put it.

My guy said he had a gold stock ….a small explorer drilling in Timmins Ontario ( not far from home)

It was listed on the Vancouver Stock Exchange ( the wild west) with ticker symbol BAN

Bandore Resources

Long story short this was the beginning of that wild and whacky gold fever episode of 1994 to 1996 which affected mostly the small tiny explorers. The hallmark of that era was Bre-X…..BUT there were hundreds of these explorers ( it was said they were hunting Gold in “Elephant Country”….and somehow that was very sexy back then.
Maybe it was because of raiders of the Lost Arc mentality….but everybody wanted to participate in the Gold Rush !

Bandore went from 14 cents to 1.40 where I reluctantly bought it after protesting that it had already been a 10 bagger…..well….every time they released results of drilling ….the price took off….and soon it was ( after splits $14 !

Long story short….A Guy named DeGuzman jumped or was pushed out of a helicopter in Borneo and was never heard of again. Turns out he was salting the gold samples from the Bre_X mine in Borneo by shaving gold off his Ring !

One single gold ring was responsible for a brief massive increase in most explorers.

After the story surfaced that Bre_X was a scam…..everybody assumed EVERYTHING was a scam.

It was Nuckin Futz.

100 baggers were the norm ( if you got in early)

And the strange thing about all this was the price of gold was not all that inspiring. It went from $350 to $400 or so during that period

Anyhow My $14 stock became a 14 cent stock and I ( with my broker) rode it all the way there.

Yes it was Devastating !

But….to my point ! At least there was “action” which lead to emotion…The highest high followed by the lowest low.

All of this played out again after the continuation of another 5 years of a grinding bear market which started after the previous legendary blow off in 1980.

Then the GOLDEN YEARS….2001 to 2011….I really miss that. The Dow sucked and Gold was King and goldbugs kicked the CNBC crowd’s asses on a daily basis. We were geniuses.

We had parties and we congratulated each other for figuring out what was really going on !

But something happened on the way to Conspiracy Heaven. The financial system didn’t end.

And here we are 8 long tortured years later and still no real evidence of a turn in our Hero….Gold.

But at least 2012 2013 was exciting….in a negative way ( we had DUST and JDST to spice things up)

And then 2016 was a thrill ride which started without warning until the party abruptly stopped dead …It ended without warning too.

Well its still dead out there…3 years of deadsville.

We need a move ! what’ll it be Up and Euphoric or Down and Despondent .

Or just more grinding flatulence !