Loading ...LETS GET REAL
AS IN REAL GOLD
MINERS VS GOLD ARE COMPLETELY UNINSPIRING
PHYS FIRST…THEN IF YOU HAVE ANY SPARE CHANGE YOU CAN PLAY IN THE CASINO OF PM STOCKS..BUT THE HOUSE HAS THE ADVANTAGE
THIS IS TOTALLY UNINSPIRING…NOT SURE WHERE PATRICK IS SEEING A BREAKOUT IN PM STOCKS VS GOLD
The only winners are the royalty streamers, no dilution and headaches. Wheaton on top and gdx below tells the story. Yes, disappointing as usual.
https://www.tradingview.com/x/FOOdvtmH/
I agree, PHYS FIRST.
GOLD is toying with its all time high. The miners (and SILVER), for the most part, are only half way there.
There is a recession on the way, maybe an Economic Depression. I think that’s the best we can hope for. The worst is (shudder) N war.
First hold precious metals in hand. Just MHO.
Also buy food. Plant a garden. Establish a network of like minded individuals. Eat healthy. Stay active.
Bless you Fully and Audept for providing The Tent. You can never know the full extent the good you do.
Yes – Fully and Audept have no idea of the good they have done and continue to do.
I’ll add that if you are in a position to stockpile some emergency food for three+ months, do so. Like now. Right now.
Famine is stalking the world.
This is setting up a lot like 2008.
I actually do think this time the miners will break upwards vs gold, but that’s just a guess and a biased one at that. And even if it does resolve violently upwards, we could get some extreme volatility prior to said upwards explosion (i.e., a downwards explosion first).
Just looked at GDX/GLD on my monthly.
Breakout is limited to what most would call intermediate term.
I use a different MACD than most, but for a real breakout, that has to jump the creek and go above zero.
It hasn’t for me. Can’t rule it out, but it looks less than 50/50.
Very sobering chart. Luke Gromen in a video recently added another warning about gold miner stocks here:
https://youtu.be/7Wo0g-Se2ls?t=2999
He suggested the possibility of them being heavily regulated to the point of almost being nationalized which would cap their value enormously if it happened. Basically, if gold becomes like a reserve currency, then governments will insist on controlling its production and sale as it will have strategic national importance then. Not likely to happen right away, but then why not? Things are happening fast right now, next year could be next week.