Loading ...Anecdotal Evidence Is Exact Opposite Of Past Tops – & – BULLISH!
Most of the anecdotes one hears regarding gold and silver are exactly the opposite of what usually occurs at major spikes and tops. Instead of newspapers and media screaming about soaring gold and silver(they are reporting and talking about it) and customers linning up outside coin shops and pawn shops looking to Buy, more of them are actually selling, especially gold.
This is both extremely bullish and a tell, that corrections notwithstanding, there is a lot more upside and probably a lot more time to go, in this bull run. (Look for my piece tomorrow morning regarding the recent chart patterns for both.)
Actually, according to the geologist who is employed at Crescat Capital in Denver… young people are buying gold bars at Costco…
Costco & Walmart are selling a lot.
Japan is buying a lot of gold. Indias importing a lot of silver… the media is not interested & either is anyone else.
IMO everyone has been conditioned to play the paper or ETF game as more or less “day trading Experts”. Used to be, before the turn of this century, you paid your broker to buy actual stocks, you were issued stock certificates, and you just sat back and watched your shares grow until you cashed in the stock certificates. Now most people day or swing trade the ETF’s, which is under the thumb of the super computers like BlackRock’s ALADDIN (which owns or controls over 50% of all the ETF’s). ETF’s have no obligation to own anything they “track” in the portfolio they represent, and in fact, theoretically, when you buy a share of “XYZ”, that super computer can sell (short) that same “XYZ”share, thus nullifying your purchase. IMO that is why the markets have totally changed since the turn of the century as the ETF’s have been slowly introduced to the game. That is why when a stock should go up, it goes down. Good drill results are sold and poor drill results are bought. All logic has left the markets. Everything is being reversed by the super computers so they maintain total control of all markets today….but IMO, when the timing is right, the whole house of cards come tumbling down…and as WEF says “You’ll Own Nothing, But You’ll Be Happy”. (and broke) The only thing’s IMO that you can do to protect yourself are get out of debt, get Silver and Gold in hand, have a good supply of guns, ammo, and groceries on hand, and keep a low profile until after TSHTF! All FWIW. WWW PS: Better to Count your wealth in Ounces, not dollars.