Loading ...They drew first blood…Rambus update….
From Johnny Rambus:
Possible backtest underway: Today, gold and silver are up strongly again, but the PM stock indexes aren’t reflecting their strong performance today. The backtest to the top trend line of the October bullish rising wedge is now a strong possibility. The possible backtest should be short and sweet. Note the negative divergence on the RSI, which is a hallmark of a bullish rising wedge. Also, the black circles show when the price action exceeded the upper channel of the Bollinger Band, which generally leads to some short-term weakness.
Personal aside…I thank my Lord and Savior for making me a stubborn asshole and getting me back into this masochistic PM trades in early 2025. I have gotten my ass kicked for the last 13 years, but he has helped me make massive strides to being able to retire on time. Hoping you are all stubborn assholes like myself.
If that’s all then hold strong eh ?
I’ve been scaling out of my SLV calls, still have bunches, but may dump all but 10% when and if we hit 100 in silver. Weird though, lately he seems to get out on pullbacks, then misses the re-entry and has to buy the breakout. I really feel silver will peak for now around 100, then pull back to 70-75. This will confirm silver miners NON Confirmation, but silver at 70 is still a phuckload of money for these miners….unless they entered forwards with banks when silver hit 50..that would show up in their Q1 FS if silver is above 50 in the derivatives section. You can’t hide shitty earnings for consecutive quarters as your EPS will show no growth from Q to Q if you hedged at a price under spot. But then I think the big funds, investors see how profitable these stocks are and they’ll be on their way.
Opex this week too. u3o8 stocks moving,
SRUUF just broke above an inverse head and shoulders which indicates a move to around $28 from $21.03. I’m big into URNM. Individual uranium miners should de well.
“I thank my Lord and Savior for making me a stubborn asshole and getting me back into this masochistic PM trades in early 2025. I have gotten my ass kicked for the last 13 years…” My exact situation. I started in April after losing most everything during over a 15 year period. I’m after the same thing, retirement. So far, so good. Don Durrett thinks this stretch will last around 18 months before a massive correction. Of course, a few along the way, but nothing big. I worked the numbers and if he’s right, I can retire in just two years. I’ve been a Christian since I was six. God bless everyone here!
If your ever in metro detroit give me a call, we can grab a beer. God Bless!!
Well what the heck! I grew up in Plymouth after being born and living in Detroit until I was five. Now taking dead aim at my 8th decade and 2026: this is IT. Still got enough kick in me to enjoy one last great travel with my mate for life while she is still able. Trusting Don D but God more. If I God wants me to realize some measure of wealth it will arrive in my lap. And if not, then nothing on earth can change it.
YOU deserve this Sir Marcus !!
Exciting times
Congratulations Sir Marcus and Sir Argent !!
GDX performance (actually Fidelity select gold FSAGX) performance allowed me to decide to retire in November and quit the company entirely on 1/1/2026.
Free at last, free at last, thank God Almighty I’m free at last !
While I got out of GDX and missed the run from 60 up to where it is now, no regrets (or so I tell myself) – I’ve been hiding out in oil and oil services since 9/11/2025 for the longer haul. 1:77 gold/oil ratio and now silver is worth more than a BBL of crude.
Moved from physical weighting 90% AG 10% AU, to 60% AG, 20% AU, 15% Plat and 5% Palladium – protecting gains by moving rest to gold in the future – next move from silver to gold will happen at GSR 40 (40% AG, 40% AU, plat and pallad unchanged).
The stock market hasn’t even crashed yet – I really believe silver will be dirt stinking cheap when it hits and bounces off $50 again (in the next 6 months) – watching and preparing for that as the rebound up from there I think will be low to mid 3 digits.
March 2026 will indicate the direction of major indexes for the rest of the year IMO (but as Sgt Schultz would say – I Know NothING! )