Goldtent TA Paradise

Haven’t seen this kind of action

1. Nautilus says:

   December 17, 2020 - 9:03 am at 9:03 am

   I was not expecting much over the next 12 months as far as new highs, but I have kept open the possibility that silver and silver miners surprise me. One step at a time (on our way to $100-150 silver) :p

2. Karl says:

   December 17, 2020 - 9:29 am at 9:29 am

   One step at a time may be a useful phrase:

   Kitco recently posted a two part interview with Rick Rule. Previously I couldn’t stand him. Now I have re-evaluated and somewhat changed my opinion. (He also has changed his opinions, as he subtly indicated in a Kitco interview several months ago.) He made several points I thought worth considering.

   One point he made – a point I have not verified – is that people worry too much about missing out by not getting in early. He stated that his review of decades of data of the Barron’s gold mining index suggests that the bull markets typically last about (if I remember correctly) 7 years. During that time the index – and that would presumably be a reflection of relatively large companies, mediocre as well as good – goes up by multiples. In other words, he says, don’t feel too bad about missing out the 1st part.

   • Nautilus says:

     December 17, 2020 - 12:06 pm at 12:06 pm

     I somewhat disagree. The difference buying at say 75 cents vs $3.00, on the way to $50, actually makes a huge difference. Waiting even longer and perhaps buying at an interim top can really damage your gains.

3. Fullgoldcrown says:

   December 17, 2020 - 9:39 am at 9:39 am

   A Beautiful Sight to Behold

4. Marcusjames says:

   December 17, 2020 - 9:58 am at 9:58 am

   Countries everywhere keeping their citizens in a state of irrational fear will propel gold along with a host of other things that the incoming insane people will do to destroy the USA. Bad reasons for the rise, but, I’ll take what I can get. I just hope I can get out this time and keep my profits. You can still get Northstar’s impressive wisdom on the evil Twitter run by the mad monk.

   • Karl says:

     December 17, 2020 - 10:29 am at 10:29 am

     Northstar is great. I react to things like something like a combination of a purist and a phobic, and that’s the way I am with “twitter” unfortunately. I almost gag writing its name. I should I suppose look at his stuff again. Maybe someone will break twitter up so I don’t have to go there for Northstar.

     • Marcusjames says:

       December 17, 2020 - 10:53 am at 10:53 am

       Agreed. I have to avoid comments regarding conservatives or any story critical of the left because I can’t fathom such brain dead compliance with the real authoritarians mainly on the left. They welcome the tyranny.

       • Karl says:

         December 17, 2020 - 12:34 pm at 12:34 pm

         I read anything left or right or in between pretty easily as long as it doesn’t distort or censor with obvious intention or isn’t too bloodthirsty. I don’t go for gratuitous incivility – occasional really witty incivility works though.

         I struggle though to read anything bigoted which in my opinion (which is BTW a left more than right wing opinion) includes identity politics – which is also bad because it tries to censor.

5. JSKauai says:

   December 17, 2020 - 11:38 am at 11:38 am

   Is Mr. Market thinking the Big Guy will be good for gold….HMMM?