Loading ...ALL IN
This final takedown for gold and silver played out exactly as expected. The targets are being reached today. It is time for any remaining fiat funds to be deployed into gold and silver. Try to get NEM for 74. Small gap there could get filled today or by end of the week. By Friday April 1st, a reversal should take place and the upward trend resumed. Don’t be an April Fool, be in gold and silver.
Don’t panic, bullion banks will be involved in a capping operation through Thursday EOQ
This is a gold bull market. This is where we BTFD’s.
With BOTH hands!
On the March 13th David Brady warned that “What is even more concerning is that on Tuesday, the Banks (or ?Swaps?) reached their highest net short position in history {… in GOLD}, according to the latest COT data”
So he was warning that an eminent drop was potentially coming.
However, IMHO, it can also be viewed that if the Banks are at record shorts on gold and gold is holding up as well as it is, then maybe we are on the cusp of a major breakout. Maybe the banks are losing their strangle hold.
They may have been the case at that time and even up until today. I bet when the updated COT comes out Friday for today, the numbers will be down significantly as today was set up to cover as much as possible as I have been posting about recently. That is why the “ALL IN” call. Let’s see if the reversal is strong enough and lasting enough to have both metals and most of the miners in the green by today’s close.
We are 0.35% away now, from 1924.18 in gold
Great call, Sir CM!
But I also agree with Sir Plunger. No need for FOMO. No need to deploy all fiat.
Fiat always needs to be handy for intraday drawdowns like that in CMC Metals today.
https://twitter.com/TheLastDegree/status/1508857558362169353
Missed the CMC dip bus.
Cost averaged down on KOOYF yet again today. 4th buy. All buys nearly same size. Let’s see if today was “Bottomz Inn” 😉
03/29/2022 14:44:50 Bought 2609 KOOYF @ 0.136 -361.77 6.95 0.00
03/17/2022 15:02:40 Bought 3200 KOOYF @ 0.156 -506.15 6.95 0.00
03/16/2022 14:39:54 Bought 2814 KOOYF @ 0.16 -457.19 6.95 0.00
03/08/2022 13:31:23 Bought 2534 KOOYF @ 0.1773 -456.23 6.95 0.00
GL