Goldtent TA Paradise

When Do We Hit The Buffers ?

1. Patrick says:

   August 5, 2020 - 10:12 am at 10:12 am

   2250$ is in the cards. 31 silver also. Vix gap close at 18.1 could be a sign. And a COT index extreme hit.

2. Karl says:

   August 5, 2020 - 11:00 am at 11:00 am

   When? I don’t think there is a way of knowing. It keeps going until it slows down. Then it either reverses or waits and keeps going. Make a definitive call (not your style) and prove right and you’re a great guru soothsayer in retrospect. I say one does risk management according to one’s financial means & needs. Sinclair misled people badly in some respects but not all by any means. His advice to sell rhino horns was not bad. One can take partial profits with rhino horns depending on one’s needs. One can act on rhino horns for individual stocks, not just a given metal.

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   Today I see the dozens of stocks I follow behaving surprisingly sedately in the setting of the huge jump in quoted PM prices. Sure, they’re up a lot for the most part, even a whole lot. I am trying to figure it out. Does it mean the metals prices are coming back down that they aren’t up even more? Conversely is it a sign of incompetent sentiment on the part of stock speculators, who improperly are missing the point and not bidding up the stocks fast enough and high enough? Does it mean that the stock speculators and investors are piling it all into the metals because they figure that miners, explorers, developers are going to be hampered by expenses during an explosion of inflation?

   Or later today will there be an across-the-board explosion of PM stock prices?