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<<A Thread for Smart Gold Silver Bulls>>
Here it is - 10 years+ of obsession, pain and anguish to help YOU not be me in this Bull Run.
This thread will provide; The Context, The Why and most importantly The How, to benefit from the greatest bull run in living history...
Here it is - 10 years+ of obsession, pain and anguish to help YOU not be me in this Bull Run.
This thread will provide; The Context, The Why and most importantly The How, to benefit from the greatest bull run in living history...
The Start for me - Back in 2008, I was the "Financially Immature". 1 of 7 children, 5 of who worked in 'The City'... I wasn't even aware the GFC was taking place.
It took a call from my younger brother to let me know... 'Okay, but does this affect me?'
I remember the call...
It took a call from my younger brother to let me know... 'Okay, but does this affect me?'
I remember the call...
Shamed, for the next 3 years I watched the world change. Rich richer etc...
Found Larry Edelson (RIP) and 'bought in'. I still 'buy in', rereading blogs from 10 years ago. He absolutely nailed Macro on almost all front - Dow/ EU/ Global riots
His main call GC to $5,000 by 2020
Found Larry Edelson (RIP) and 'bought in'. I still 'buy in', rereading blogs from 10 years ago. He absolutely nailed Macro on almost all front - Dow/ EU/ Global riots
His main call GC to $5,000 by 2020
Waiting for the 'Buy Call' from 2013 with a couple of false starts... 2015 came and excitement built.
Lesson 1: NOBODY can trade for you.
After 5 years of 'waiting' we missed the call. I made ZERO from the 2016 bull run. Nada. Worse, I sold JNUG at the VERY bottom in Jan 2016
Lesson 1: NOBODY can trade for you.
After 5 years of 'waiting' we missed the call. I made ZERO from the 2016 bull run. Nada. Worse, I sold JNUG at the VERY bottom in Jan 2016
Lesson 2: Nothing hurts more than missing a bull run.
Miners ran 200-600%+ in 5 months. It was awesome to watch. The pain was immense. I changed strategy - I had to.
The Buy: I bought 'All In' in Oct 2016 - GDX was $24 and Gold was $1275... What a day - "Sit tight, be right"
Miners ran 200-600%+ in 5 months. It was awesome to watch. The pain was immense. I changed strategy - I had to.
The Buy: I bought 'All In' in Oct 2016 - GDX was $24 and Gold was $1275... What a day - "Sit tight, be right"
Lesson 3: Markets will do it in there own time...
I believed I would be 'out/ finished' once Gold hit $1500 based on previous moves in the miners. This clearly was not the case. Since June 2019, miners have SIGNIFICANTLY underperformed Gold and Silver.
Bull = Not started yet.
I believed I would be 'out/ finished' once Gold hit $1500 based on previous moves in the miners. This clearly was not the case. Since June 2019, miners have SIGNIFICANTLY underperformed Gold and Silver.
Bull = Not started yet.
Lesson 4: Leverage - It kills you.
Impatient to make up my losses (missed growth) I remortgaged and went all in on a 5x Daily Silver circa 2017... This was down 50% in 10 weeks as Silver died from $16.2 to $14 ish in weeks... EVEN if I held to March 2020 I failed. You will to.
Impatient to make up my losses (missed growth) I remortgaged and went all in on a 5x Daily Silver circa 2017... This was down 50% in 10 weeks as Silver died from $16.2 to $14 ish in weeks... EVEN if I held to March 2020 I failed. You will to.
Paid Subs: They help build up a level of confidence - But they get it sooo wrong.
I am yet to find a sub who has called Gold/SIlver consistently correct. I have seen more 'fluffed lines' than real wins. Twitter has famously got some sellers that are beyond woeful- even criminal
I am yet to find a sub who has called Gold/SIlver consistently correct. I have seen more 'fluffed lines' than real wins. Twitter has famously got some sellers that are beyond woeful- even criminal
How to make money: If you are investing in G/S than you should believe that FIAT is failing. If you don't and you want to make money, PLEASE, for your sake, buy Biotech, AI... these will make wealth.
I invest in G/S because I fundamentally believe Miners are the new banks 100%
I invest in G/S because I fundamentally believe Miners are the new banks 100%
Gold targets range from $3k to $16k depending on who you listen to. IMO we are going high. Very high. Very quickly.
The Strategy: The ONLY strategy I support is... 'Buy and Hold'. This sounds easy - trust me, there is nothing harder. This bull is going to cause sleepless nights
The Strategy: The ONLY strategy I support is... 'Buy and Hold'. This sounds easy - trust me, there is nothing harder. This bull is going to cause sleepless nights
Trading it, you will lose. 90% of people reading this will lose. As I did in 2016.
Why? Fear and greed. Fear that the Bull case is not correct. Greed taking more risk than necessary.
With the above targets, you can buy mid tier producers that will do 300%-1000%+
Why? Fear and greed. Fear that the Bull case is not correct. Greed taking more risk than necessary.
With the above targets, you can buy mid tier producers that will do 300%-1000%+
Holding: Gold bulls (like me) have been trained to sell. Any profit we have seen since 2011 have been robbed. A mentality shift is needed. And 'Buy & Hold' is the only strategy that I have EVER made money on... and my trading is better than most
Newbies - This is your ONLY way.
Newbies - This is your ONLY way.
I see a lot of new bulls in the market. Promoting buying in recent weeks. I do not agree. My bias is a short term top
HOWEVER, unless you are a magician (GV), the best advice is to average in over the coming weeks. In 12 months you will have made money. More than most ever do
HOWEVER, unless you are a magician (GV), the best advice is to average in over the coming weeks. In 12 months you will have made money. More than most ever do
Summary - This is a life changing opportunity. Miners will do many multiples. Pullbacks will be savage. Traders will be bucked off - remember the worst pain is missing a bull.
Surprises to the upside.
I hope you have the conviction of this trade or you will fall short...
Surprises to the upside.
I hope you have the conviction of this trade or you will fall short...
I would recommend reading Larry Edelson - Still very relevant.
Who do I like on twitter? Great minds: @Northst18363337 @ColinSt30481392 @graddhybpc @TheLastDegree @goldmarketgirl @LawrenceLepard @EconomicAlpha @GrantMBeasley @Oliver_MSA @DebraG_Robins
Who do I like on twitter? Great minds: @Northst18363337 @ColinSt30481392 @graddhybpc @TheLastDegree @goldmarketgirl @LawrenceLepard @EconomicAlpha @GrantMBeasley @Oliver_MSA @DebraG_Robins
Please don't do what I did in 2016. You cannot be wrong in a bull market. All poorly timed buys will be corrected as the bull kicks on
If you are unsure if this is a bull, the next X Years will be painful to watch as you miss the opportunity. Get reading and Good Luck!
If you are unsure if this is a bull, the next X Years will be painful to watch as you miss the opportunity. Get reading and Good Luck!
