Thanks for all of your kind words. This fast pullback is healthy. I don’t know if after such a strong initial move higher, if they will take out those early highs later today. May have to settle in until tomorrow or next week, but this was only the intial stage of the rocket. There will be a couple of boosters to follow.
Russel 2k up 2.25% while all the other US indices are flat, huge US bond buying on the 1 minute chart. Copper down, energy down, PM’s up. Nothing (except the move in PM’s) appears ‘organic’ (naturally/consistent market action). Seems rate cuts are foreseen to be a near certainty – my bet – cuts won’t happen without an extreme market event FIRST – no CRASH, no CUTS.
Good work CM, but when silver is pushing new all time highs I’ll be a seller, hopefully a way lower gold/silver ratio and I’ll swap it for gold or land.
I believe what we want JSK is for the GSR to remain elevated AFTER ATH’s are met which is potential for an even more spectacular rise/blow off (I actually hope it’s even 1-3 years down the road, not months – time is fuel). A premature ‘explosion’ is not desirable (2011-12) and allows more time for us to stack and more latecomers to get on board and still profit (again fuel). I believe the tampers are doing us a big favor (and unfortunately CHINA, but I think that is their goal as part of a global reserve currency transition), but many still don’t see it yet – just need to be ready when AG suppression efforts fail or cease according to ‘plan’.
Almost sold everything last week.I was getting so bummed. So glad I did not! I’m just in SIVR for silver, GDX, BTG, OR, IAUX(stinker) for gold. Any particular silver miner is the best hopeful?
One single silver miner is a tough call. Stick with physical and maybe a leveraged ETF (only small position) and a couple of small lottery ticket miners. Timing will be tricky. They are all likely to get nationalized once silver breaks out to new ATH’s above $50.
WOW !
That’s one of the most prescient calls ever made under the Tent CM
Ha !
Somebody owes you a Kudo
🙂
Kudos to Chartsmaster! Those August positions are looking good…
God bless you, Sir CM !
GL
“Chartmaster”… you are most worthy of your name!!
…In general, as most everyone here knows… the metals market eats 99% of forecasters,
TA’s+++ of all kinds, for breakfast, lunch and dinner!!
Thanks for your sharings..
Islandgold.
Thanks for all of your kind words. This fast pullback is healthy. I don’t know if after such a strong initial move higher, if they will take out those early highs later today. May have to settle in until tomorrow or next week, but this was only the intial stage of the rocket. There will be a couple of boosters to follow.
Boosters, boosters – bring ’em!!
Russel 2k up 2.25% while all the other US indices are flat, huge US bond buying on the 1 minute chart. Copper down, energy down, PM’s up. Nothing (except the move in PM’s) appears ‘organic’ (naturally/consistent market action). Seems rate cuts are foreseen to be a near certainty – my bet – cuts won’t happen without an extreme market event FIRST – no CRASH, no CUTS.
Spot on, Sir YYZ !!!!
Sometime back I asked Sir Fully to do a poll on rate-cuts … which he did … but the polls’ results are un-searchable !!!!
I voted for zero rate cuts!
GL
You da man! Great call CM – cudos to you.
Good work CM, but when silver is pushing new all time highs I’ll be a seller, hopefully a way lower gold/silver ratio and I’ll swap it for gold or land.
I believe what we want JSK is for the GSR to remain elevated AFTER ATH’s are met which is potential for an even more spectacular rise/blow off (I actually hope it’s even 1-3 years down the road, not months – time is fuel). A premature ‘explosion’ is not desirable (2011-12) and allows more time for us to stack and more latecomers to get on board and still profit (again fuel). I believe the tampers are doing us a big favor (and unfortunately CHINA, but I think that is their goal as part of a global reserve currency transition), but many still don’t see it yet – just need to be ready when AG suppression efforts fail or cease according to ‘plan’.
CM – Great Call !
Almost sold everything last week.I was getting so bummed. So glad I did not! I’m just in SIVR for silver, GDX, BTG, OR, IAUX(stinker) for gold. Any particular silver miner is the best hopeful?
MAG
One single silver miner is a tough call. Stick with physical and maybe a leveraged ETF (only small position) and a couple of small lottery ticket miners. Timing will be tricky. They are all likely to get nationalized once silver breaks out to new ATH’s above $50.
SILJ is a safe play.
I think I have nothing to hide.
Jun-17-2024
Buy 500 Shares of SILJ at Market (Day)
Filled at $11.2364
Cost $5,618.20
Added more 10 days later, even as price went up, keeping powder dry in case it falls suddenly on Friday (PCE day)
Jun-27-2024
Buy 450 Shares of SILJ at Market (Day)
Filled at $11.40
$5,129.19
GL