Loading ...Gold & Silver – Onward & Upward!
This was the entire text from my post last Wed. regarding the expected “one to two day correction” for gold and silver. “Hopefully, today’s one to two day correction in gold and silver prices will be brutual and take gold down to at least $2700, if not a bit below and silver all the way down to $33 or just above. I don’t know if we will be that lucky, because if those prices are reached today or possibly tomorrow, it will represent the last great buying opportunity of our lifetimes. Keep your fingers crossed and get ready to pounce!”
While it is now three days further along, the prices haven’t broken below last week’s correction lows. That accomplishes the two correction elements of price and time.
Gold just gave the all clear by trading above $2760 spot. We need silver to confirm by trading above $35 spot.
The important take away is that this was last week, and is this week, the Last Great Buying Opportunity of our lifetimes right NOW!
GOLD & SILVER onward and upward!
I agree if you’re talking about physical in hand. As far as the shares though, I think BlackRock’s Aladdin super computer has them permanently suppressed to discourage anyone looking at the PM sector. www
what are you not smoking ? just posting a few for you, where is the suppression ? and where are all the talking heads of gold manipulation…
https://www.tradingview.com/x/eaWzlVhM/
https://www.tradingview.com/x/vqmwXxUf/
https://www.tradingview.com/x/5faCFY3T/
Not to mention, my favorite, which I have recommended here a few times. https://schrts.co/HiHgqaiF
You make good points guys, but with gold up about 45% ABOVE its previous all time high, why is the HUI still DOWN about 45% from its previous all time high? IMO the shares are being controlled!
Just using common sense, I see no reason, why would someone bother suppressing mining sector. Physical metal yes, but miners?!? Why?
Miners are moving in cycles, from abundance finances flowing into the sector (miners get wasteful, overpaying for resources) and down to when it is hard to get financing done. But they are turning lately.
There were high oil/diesel prices, the biggest cost in production.
Also, political risk is increasing, Mexico, once one of the safest place to mine, it is not that safe any more. More and more countries are requesting bigger piece of royalties and taxes. Some outright threaten with confiscations.
Miners had some hard times. But tide is slowly turning around. When record physical prices start showing great profits, then miners start flying.
This is my guess, common sense opinion.
They may have been but that isn’t the main reason. The older mining investors(many of us) have a different experience and understanding then the most recent two to three generations of investors. They trade bitcoin, meme stocks, options, futures etc. When the miners get going in 2025 they will join in as well, especially when most other stocks are heading south. As I described the other day. Producers are doing fine for the most part. The explorers if they aren’t yet positive for the year are unlikely to do so until after tax loss selling, unless they hit something big or get a takeover offer. Play the ones showing positive annual returns and relative strength until the calendar flips.