Loading ...It’s the layers upon layers of scar tissue that keep PM investors from making money in this sector
That’s the inescapable conclusion I come up with after observing the sentiment and market psychology of this sector. It was the same for the general stock market back in the fall of 1982 when investors simply just couldn’t shake off their shackles acquired from the past 17 years of crappy stock market action and lack of follow through. Even market great Richard Russell sat on the sidelines until December 1984 watching the DOW rampage for 4 full months before finally throwing in the towel and got in.
It seems that all it takes today is a mini 2-day consolidation to get the PM investors bearish and scarred.
But take a step back and look at some of the beauties in this market. Westdome for instance…. I mean what could look better… and those fundamentals too.
Graddhy sounds that alarm regularly. PM “investors” get quickly blown out because of that scar tissue – the bear market losses that cripple one psychologically. Then a bull reappears, and the opportunities are missed because bear psychology still reigns supreme. You cannot invest in a bull market with a bear mentality. You’ll get whipsawed to death…and you’ll miss fortune-creating moves.
IMO Today is not about making a fortune in the markets which do not exist any more; it’s about preserving what you have by buying and holding phyz in hand to survive what is coming just around the corner. The markets are a rigged casino full of derivatives which are the equivalent of penny slot machines…you make a few pennys; then give it back but it’s an addictive game, like gambling, that is a hard habit to break. In the end the casino always wins. www
Absolutely WWW
100% agree
I do play the PM stocks but only a small % ….and Lose regularly
Too funny… Yeah one can’t fret over the day to day moves or it simply beats one down too much. Plus the moves up are big and short. The moves down are long and torturous. Key is to buy right and be able to sit
The Gambler song always comes to mind. https://www.youtube.com/watch?v=7hx4gdlfamo
I’ve been long silver miners for years now. I haven’t traded at all. I am in the green, but it’s not life changing profits, and certainly on a risk-adjusted basis I have probably lost my shirt.
The technical and fundamental set up is there for a 2-4 year massive move higher. The only uncertainties for me are the magnitude of the move (I am conservatively predicting $100-150 silver, lol) and the duration, which means timing for me will most likely come down to public sentiment on the sector and my own financial goals.
Plus, one other possible wrinkle on my thesis is miners and their relative valuation to metals. The last 30 years have seen the ratio in a bear market, which is odd to say the least.
Exactly my Point Phys Phirst
What I think I see: The online brokers have consolidated and merged into less than a handful, and those that are left have sold their souls to the Devil, BlackRock, and its super computer Aladdin, by giving them access to all trades as they happen. So you buy 1000 shares of any PM they want to control, and they short/sell that same PM 1000 shares, thus nullifying your purchase….so the stock price goes nowhere but the volume doubles.
And for those who are trading the ETF’s, this is strictly Casino stuff. They own nothing, or worse, they use investor money to do the same thing I mentioned above. If you check the charters of the ETF’s you will find they “TRACK” the value of the companies or commodities they represent but they have no obligation to own them. Their only obligation is to report their value daily and return investor money at its current value on request….
This IMO is why BlackRock and Aladdin and a few others now own or control more than 50% of more than half the ETF’s in this trillion dollar rigged ETF Casino, and most of the ETF frenzy and control has happened since the financial crash of 2008-2009.
Somehow the Derivatives market, which is NOT under the control of the SEC or other governmental watchdogs, is being allowed to trade in all the stock markets…to the point where the world financial systems are nothing but a huge bag of hot air…just waiting for the tiniest pinprick to explode into the nothingness that it really is and bring the world to its knees.
But not to worry, because the same ones who created this situation already have the new “you’ll own nothing but you’ll be happy” digital control system ready to roll out…. and that is why WWW has gone to PHYZ in hand, along with a few other absolute necessities, and no debts… as the only possible way to survive this Satanic control…if I should be so unlucky!
All FWIW and DYODD! WWW