Loading ...BIG PICTURE GOLD CHART IN CANADIAN DOLLARS
I built this chart a couple of years ago …around 2019…then added the Rudimentary EW Numbers
haven’t looked at it in a while…BUT …since I am getting flack for my Moron Post ( it was not a targeted comment…a general comment )
Here is Exhibit B
Nice.
Nice chart! I would suggest showing the price on a log scale so that a 10% change in 1994 appears to move the same distance as a 10% change moves in 2023.
2001 – 2011 was a rocket ride. What a great time. Thought I would be wealthy beyond my fondest dreams. Then…
Still, some great memories. Folks who are no longer at either Tent site recommended I buy some calls on WPM. In the money, and I put in $2K. And the dang stock took off. Those calls I bought for $2K went to $10K in a month. Finally sold at $8K – only four times my money in two months. Glory times!!!
Great chart!
Love this chart because I wasn’t investing this far back. So great to get some insight into the “mentality” at the time.
The first comment box does worry me about today though. That to me sounds like the premium that is being paid for physical today, and how so much inventory is being drained. I know people are saying that should be bullish, but i feel like the mania to get a hold of the physical is the mentality of tops.
Still staying cautiously optimistic though, and waiting for September as mentioned in a previous post of mine.
This is NOTHING like 1980’s Mania Gus
Demand from the public for phys is non existant …other than Goldbugs.
But “Sheeple’ will never get it .
Good to know! Very true, I never hear of an “average” person talking about wanting to buy some gold/silver!
The late 70’s early 80’s run had people lining up at Gold windows buying. Right near the top I knew some people who went all in They had never invested in anything before. They rode it down and probably were turned off from metals for life. It was a crazy time. The juniors were hot!
A patient I was treating in the school clinic would bring in the stock listing page from the Globe and Mail each visit and show me the appreciation some juniors were experiencing. It was eye-popping. I sat on the side lines as I was a cautious student. Missed that run even though I was a gold bug. He would update me on what my hypothetical $1000 investment in Company X, Y and Z would be worth. He did get out near the top. He was keeping a portfolio in his head for me. What was he going to do with his windfall? Sit on it until Real Estate bottomed in 83-84 in Toronto. I had already graduated and took his advice even though I didn’t have any contact after school.
His older brother(a stock broker) would bring him to clinic as “Sam” (40ish) was a functioning Savant but needed to be dropped off and picked up and still lived at home with his elderly parents. Why he came to a basically free Dental Clinic I have no idea? Needless to say I didn’t get much done at his appointment so I needed to pick up more work on others for the credit. Fully knows how that went. But the experience has stayed with me all these years.
Looked just like Woody Allen. Wish I would have kept in contact with him. His mind was like a computer.