After so long, it’s hard to imagine these things ever actually trending upwards. In the last six years, we have only about 18 months of nearly vertical price action (a couple of 6 month spikes and a 12 month spike). The balance of time–nearly 4.5 years–has been nothing but brutal downtrending action.
This “bull market” at least in the mining stocks is not even remotely close to being in anything that resembles a smooth uptrend. I am probably going to die on this hill, but it is what it is. I should have just held my nose in 2020 and put everything in chip stocks–the true inflation/money supply hedge.
I have 1850 at trendline and bolyband on my radar
Getting very close. Good to see this resilience in the precious for a change.
Most of my miners are in the red.
After so long, it’s hard to imagine these things ever actually trending upwards. In the last six years, we have only about 18 months of nearly vertical price action (a couple of 6 month spikes and a 12 month spike). The balance of time–nearly 4.5 years–has been nothing but brutal downtrending action.
This “bull market” at least in the mining stocks is not even remotely close to being in anything that resembles a smooth uptrend. I am probably going to die on this hill, but it is what it is. I should have just held my nose in 2020 and put everything in chip stocks–the true inflation/money supply hedge.