Controlled Burn To Raging Inferno
Much like in the case of using controlled burns to reduce the potential for large, out of control forest fires, the banksters have been slowly, quietly trying to control the recent breakouts in gold and silver. Up to this point you have to tip your hat to their ability to minimize the damage to their short portfolios of derivative paper. However, their time is rapidly running out. We are just one strong wind away from turning this controlled burn higher into a full blown, raging inferno. As I posted earlier this week, the fuse is burning. We have yet to go from red hot to white hot but we are getting much closer. Stay long and strong. We are in for a VERY HOT summer.
Very very well put, Sir Chartsmaster.
Patience has been, and remains, the key.
Sometime back, I had shared a list of silver juniors from the gentleman with the Twitter handle “TheLastDegree”, also known as “Gold Ventures” or GV
This is what they wrote yesterday.
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“it can spent 215 days in a range, and then spurt $10-15 higher in no more as 15 days.
that’s Silver”
https://twitter.com/TheLastDegree/status/1402616093722742785
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Coming back to my selfishness …
The correction since August 2020 highs has opened my eyes, and given me an opportunity, unlike at *** any other time *** in the last 13 years.
It was, and still is, painful even today to be in the right sector, but in the wrong juniors.
This time it will be different for me.
Thanks,
GL
FWIW, sharing the post from GV a few minutes ago
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tomorrow something special is about to happen.
back in 2013 – Silver crashed 50% for a long bear market.
it left behind 2 epic gaps, it was a ravage…
we filled the first gap back in July 2020.
tomorrow we will take out with a GAP this 10 year. Resistance.
https://twitter.com/TheLastDegree/status/1403082318814777345
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Let’s see.
GL
Hope he is correct. On his earlier point, the longer a tight range lasts, the bigger the move when it finally comes. The move is up let’s hope tomorrow is the BO!