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HEADS ( AND SHOULDERS ) UP !!
IF HECLA IS A BELLWEATHER FOR SILVER STOCKS…THIS IS NOT GOOD !
ANATOMY OF A GOLD BELLWEATHER BREAKOUT
If you got sucked in 3 weeks ago…you lost 30% and counting !
Dividends ? Do Not make up for losses like that
Fully Disclosure..I have been a Goldbug and enthusiastic PM Stock Player since the BRE-X Mania circa 1995…I participated in the 2000 to 2011 Gold Bull . Have been up a ton and down a ton and net net…DOWN !
By all means play PMs if that’s your passion / addiction…but FWIW …KNOW WHAT YOU ARE GETTING INTO
Respect to Chartsmaster for his optimistic outlook …Optimism is rare these days…But LOOK both ways before you cross Discreet !
A simple glance over the NEM chart without checking mine nor checking longer times frames then your NEM-chart could inform me the following:
Possible HALFWAY pattern where 1st leg down counted minus 52% then PO is between 30-25 while now 43.
US Dollar is Now in Rally Mode IMO…so thats a strong headwind
you know my USD charts.
That is why I don’t buy breakouts.PS that candle on the NEM chart was the day of bad information that the stock exchange for some unknown reason refused to correct and break the trades. Doesn’t change my long term opinion on NEM but I have disregarded that spike as being GIGO.
I still have my Bre-X stock certificate (as a reminder)…………
Does anyone recall Samex or ECU SILVER? My first penny stocks that I road to glory….I Was there 2000 to 2011, on September 11, 2011 I was in Hong Kong and sold one oz of gold for $1950. To bad I only sold one on that day….those days shall return, look at the condition of the world, there are 18x more people in the world today that can buy gold and silver in 1980, if one is patient all these stocks and the metals are going to explode some day…..