Loading ...Gold, Silver and the Fourth Turning-How It Plays Out
This is a Brilliant Piece by none other than Rambus’s Chartologies own Market Historian and a Regular Goldtent Contributor
Plunger
corrected link
https://rambus1.com/2023/09/03/gold-silver-and-the-fourth-turning-how-it-plays-out/
Link doesn’t work FGC
https://rambus1.com/2023/09/03/gold-silver-and-the-fourth-turning-how-it-plays-out/
Thanks, staying solvent through the coming shit storm is my number one goal.
Many thanks Sirs Plunger and Fully for this latest update from Sir Rambus.
The document linked at the end was an eye opener, as I have rarely seen anyone write about pre-Volcker era rapid rate increases.
It seems that Twitter/X already had some coverage on this 3-week old article by Dan Oliver Jr.
https://twitter.com/TheAlte22837262/status/1691824051524948030/photo/1
I also see very clearly now why Sir Plunger has been defending all his recent miners buys. Even though in the short term they might have gone down (mine have, certainly), once again. LOL
The bond market is the biggest key. As 10 year yields fall, gold may rise again, but as Sir Rambus explains, once the floor in the long bond prices falls, the stock market which IMHO is not more than a few weeks away from an outright plunge (again, thanks to the unprecedented NVDA bubble).
Falling stocks and falling bonds is where gold and silver and the miners will be the only game left in town.
I guess it is time to DCA down on some more juniors.
GL
Might want to listen to some of the public videos Don Durret has posted recently. He is leaning towards a further washout in the HUI to well below 200. That would be painful but could happen
Nice Plunger. I found that both inspiring and motivating. The paint drying effect of the metals just knocks me out some times so its good to read a credible and convincing piece that wakes me back up and reminds me to not forget why I came here in the beginning! I am in agreement. Opportunity knocks once more.