A BREAKOUT AND BACKTEST TARGETING $4000 AN OUNCE

click to enlarge

HAVE YOU EVER SEE A LONG TERM CHART OF CANADIAN GOLD ? NO

NOW YOU HAVE

OK …NOW I AM GONNA COME CLEAN ABOUT MY RELATIONSHIP WITH GOLD

In about 1994 -1996 I was involved in the Bre-X Mania..it was an insane time for Gold Explorers

Bre-X was HOT running from Pennies to Hundreds of Dollars over about an 18 month period

So my Broker recommended a Tiny Explorer which found some Gold in Timmins Ontario

Band Ore Resources

Long story short I bought a ton of it at something like $1.18…it ran to 11.80 ( post split) and I kept buying .

Then one day The Chief Geologist for Bre-X Jumped out of a Hellicopter over Borneo and the whole crazy micro explorer market crashed with him * There were hundreds of these 10 and 100 baggers even

I never sold as I watched Band Ore go to .11 cents and then was absorbed into another company

I had the proverbial 10 bagger and turned it into a negative 10 bomber

I continued to be smit by Gold Bug Fever however and “played” the juniors for decades after

Some times I had 60 of the damn things but never made any money ( probably lost net net ) as I again and again watched gains turn to shit in this sector from HELL .

HOWEVER…

I also started buy Phys around the turn of the century…see that chart… $400 an ounce…thats me !

There was a Little kiosk in a Travel agent ( currency exchange) in a Mall about an hours drive that I went to every 2 weeks or so for several years and bought 4 Ounces at a time. I was always the only customer there . The clerk was always amused ..you could see she thought I was a little “off”

I never sold any Phys it’s in deep Storage…but I had a plan…sell some when it became a 10 Bagger !

Well…I’m getting ready to dig it up now

🙂

Ha !