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New here, but sounds like a lot of posters are paranoid about winning…strange.
Have a plan, so you don’t plan to fail. Here are some numbers I put together as I think everyone should if and when things get super crazy(ier). Those who do not study history are bound to repeat the mistakes of the past. I am sure this is not the best plan, but it is my plan. When my “targets” are hit, I will start to liquidate gold and silver holdings.
Enjoy the madness.
click to enlarge
Welcome AgentArgent…great handle BTW
I see you have been busy ….Thanks for this 🙂
Useful chart………
Reasonable plan. Good to have one.
I’ve been holding (physical silver) for almost 60 years now.
Probably decide to try for another 60.
Ie, I’ll pass it down.
Trading side is another story.
Great targets and plan, AA. Appreciate your perspective a lot.
With the history we have lived through the hardest part is the sitting tight part of “get right, sit tight.” We have such a long way to go…
The gold and silver stocks are enormously frustrating at the moment. They refuse to move in accordance with the price of both metals, and should be screaming higher on days like today. It’s like they’re being suppressed somehow. The price of gold and silver means that these miners will be ridiculously profitable right now with each oz., yet they barely move after the big jump up with now even higher price in especially silver. We should be at the cusp of a bubble. I want the bubble and then to get out before it pops.
If you have conviction that the price of gold and silver will hold, the price of the miners will eventually catch up. Q4 cash flows are going to be historical for the miners.
I think people will be blown away. I love BTG and have made a lot of money with them. Sold at the high and now slowly adding to a substantial position thinking it the most undervalued miner today. Of course they’re in Mali so once I get 35-40% up I’ll sell and say goodbye forever, not worth the risk. Of course it leaves me vulnerable in the meantime. Look at the chart, it’s astounding. Someone please chart it.
I follow Don Durrett as his stuff is pretty much free and he covers so many PM stocks. His stuff is really logical and is based on gold hitting 6000 and silver around 100 to 125 I think. Very doable on this advance I believe. He also thinks this will be over in a year to a year and a half. I bought 1 year leaps on HL and EXK, if it reaches his targets, I’ll have 100 baggers.
I wish I had the brains and the time to understand and get into leaps and calls. People I know have been able to retire already because of doing just that.