Sorry, but I would not trust anything when there is so much strange news and potential for stranger news.
Sorry a second time, but I am distrustful when there is excitement about moves.
Sorry a third time, but I am happier with slower moves that no one notices.
Also, it is pleasant, but I don’t care too much. I see it as nearly meaningless paper recouping of (for me) meaningless paper losses. I don’t care too much.
Yes, euphoria today could turn to tears tomorrow.
Yes, distrust is all pervasive today.
Yes, we are mostly realist pessimists.
But some realistic and some dreamy fiat goals, like funding college education, partly, or a stowing away part of a down payment for a second home, can be realized if these moves gather strength for a week or two.
And, compared to BTC or TSLA, these moves are nothing! Believe me, the herd hasn’t noticed PMs yet. That phase is yet to come.
My two cents, with all due, measured respect to each and every word of yours, Sir Karl.
Also, think about those who have done long or short term tax loss selling at the end of 2020.
Who’d have thunk of such a move in the PMs on the first trading day of 2021?
I’d think that the $2400 checks that many have received from the govt. would be deployed more on BTFD in the broader markets today.
To me, this is serious buying by some big players. And they are not in this for a short term trade. They are rotating their gains from big cap tech, or even S&P, into PMs.
Terrific action today for sure. I am looking forward to seeing this run develop.
My portfolio up 7.16 percent!
I hear by Knight Thee Sir Gold Learned !
🙂
Thanks Sir Fully! I will always “value” what I learned from the Tent, as that is not fiat!
Make that 7.44% growth in the fiat in my portfolio at the close!
Sorry, but I would not trust anything when there is so much strange news and potential for stranger news.
Sorry a second time, but I am distrustful when there is excitement about moves.
Sorry a third time, but I am happier with slower moves that no one notices.
Also, it is pleasant, but I don’t care too much. I see it as nearly meaningless paper recouping of (for me) meaningless paper losses. I don’t care too much.
Yes, euphoria today could turn to tears tomorrow.
Yes, distrust is all pervasive today.
Yes, we are mostly realist pessimists.
But some realistic and some dreamy fiat goals, like funding college education, partly, or a stowing away part of a down payment for a second home, can be realized if these moves gather strength for a week or two.
And, compared to BTC or TSLA, these moves are nothing! Believe me, the herd hasn’t noticed PMs yet. That phase is yet to come.
My two cents, with all due, measured respect to each and every word of yours, Sir Karl.
Let’s see.
GL
Also, think about those who have done long or short term tax loss selling at the end of 2020.
Who’d have thunk of such a move in the PMs on the first trading day of 2021?
I’d think that the $2400 checks that many have received from the govt. would be deployed more on BTFD in the broader markets today.
To me, this is serious buying by some big players. And they are not in this for a short term trade. They are rotating their gains from big cap tech, or even S&P, into PMs.
Let’s see.