You're gonna get dirty. Nothing could be more true as we play in the grand casino of the ponzi. If ever there was a fundamental case for precious medals....we've certainly had it laid out before us in ALL of its glory. But alas it was a trap that was set for the emotion of greed. Rather than take the obvious safer and smart bet of buying physical gold many in the PM trade felt that we could trade against the trend even after the casino was able to break important supports and trend lines in our miners. Hope and greed, emotions used by the masters of the casino to trap the retail money and slaughter the hapless lambs.
Breaking the morale of traders in what appeared to be a solid fundamental bet on the PM equities was always the target of the market makers and their bosses. How could one not see the bullish case for precious metals with money being printed by the Trillions around the world. With the collapse of the rule of law and literally the SACRED TRUST in Banking (see MFG, Cypress etc) one could see the rocket ship of gold and silver take off into the stratosphere. I cannot say that I expected this long or severe a beatdown to the miners but I was warned AND I prepared myself months ago for just such an event.
I assumed that ANY paper was a liability and to be used only for what it is intended......as a vehicle for the easy/legal transfer of real assets/real money eg. gold, silver. As more brilliant traders than I have repeatedly "its very difficult to time markets". You may succeed many times but more than likely your are going to be burned. That is why I never have played leverage in this market. The market is designed to TAKE your money. I have to believe VERY strongly in a trade to hang on if I'm caught too far on one side of a trade and the PM trade was an easy target for the corrupt oligarchs. You may argue the reasons they are destroying the miners but its not that important really. I have no interest in selling my shares. If I did sell it sure as hell would not be to have more "fiat". We're in the endgame and its closing down fast on us. Bragdaccio proclaiming the Fed dominance and supposed omnipotence may give you solace but there are rules that cannot be broken and they are Laws of Nature. Violating those laws will earn you the wrath of nature and unfortunately all of us are in that path right now so even if my PM trade becomes successful I will most likely lose much more than "wealth" in the end.....I consider my Freedom, my morals, and my children's future in a fascist country much more tragic..... gl to those of you that believe in the tooth fairy......you're going to need luck.