Loading ...Too Late To Buy (for now) Too Early To Sell
Since first arriving on Goldtent in late April I have been long term bullish on gold and silver. On a few occasions I have cautioned not to be fooled by short term “head fakes”, that I said were good buying opportunities. I had a number of posts urging all in to silver and gold and out of fiat using my favorite vehile of CEF. On May 27th I posted “Back Up The Truck” to go “all in” CEF and MAG. I have never said to sell(not trading in this bull market for metals) but believe we are now extended. While we could have a spike up before a pullback, I wouldn’t chase here but I also wouldn’t sell either. Short term traders who trade around their core position can use any spike to take a little off the table.
I see not many are listening to you Chartmaster… I see chasing and FOMO all over this site
Well, if we get the possible spike I mentioned then, no harm no foul. If not, should have already been “all in” as I have called for in past months.
CEF has been a really slow mover! The gold portion if it is really dragging it down. Plug all those annoying passive investment funds stuff that seem so tricky. How does your CPA handle all those
Suppose to be slow. Not a miner. Only form of actual money I want to protect wealth. Don’t compare it to any stock. Compare it to the fiat dollars in your bank account or under your mattress(kidding).Don’t worry about taxes, I never sell any. If an emergency comes and I need to sell some, the appreciation over holding dollars more than makes up for any tax hit.