Now we are beginning to have a perfect storm developing worldwide. There may be a stick save recovery and we can put on our rose colored glasses and hope, but my advice is to take precautions now and laugh later that nothing materialized. Then you can donate your stash to a food bank. Anyone on the ground with positive views on this PLEASE comment. We could use something to lift us here.
We are entering the end game of the Grand Supercycle washout. How this unravels is not for us to guess.....this is a massive Bear that we are in and in these Bear markets you are NOT going to get on the Bear....it is meant to EAT YOU. YOU are the target......NOT the market. Timing this is not for your retail traders....or for that matter 90% of your Hedgees. They'll be eaten too by this bear. When gold and silver and the miners move they will NOT want you on their wagon. It may be hard to take this consolidation but if you understand its purpose then perhaps you can trade it. Its all about getting you out of the trade and out of your shares. They are accumulating them at ever cheaper prices and it will eventually turn. As I have repeatedly pointed out until I have become quite unpopular and tuned out by even my buddies.......they are not going to let you trade this next move up.......it WILL be breathtaking. Holding your shares OR trading them will be extremely difficult. Physical gold and silver bought through your local coin shops remains the only sane investment and you can thank the Cabal for keeping the prices in this range. Enjoy your opportunity and the very best of luck to all of you.......
John Hathaway on KWN today had this to say “This year long consolidation is in its final stages, and I don’t think gold is going to creep higher when that gets resolved. I think gold is going to move very explosively and not give all of the people who sold it a chance to get back in. Once you have that (turn in the gold price), I think the mining stocks are going to be terrific.
If gold went from $1,600, where it is today, to $2,000, that’s a 25% move. That to me is not a very big deal. It would confirm the next leg is going, but I don’t think the next leg will start off meekly. It will start off with a bang. So could we see gold over $2,000 by year end? I wouldn’t be surprised.”