I really tried to find some news this week that was positive and uplifting. Maybe I could have focused a happy face on all the fiat that could have been made in the miners this year. I could have brought up that miners have out-performed the general market indices by a factor of 10 this year. I might have brought up that if you had held your miners that you now have an excellent window to convert to physical gold and silver because their rise has been much less and are still relatively cheap. I don't really spend too much time bringing up charts in this epic paper bull market in metals since holding tight is your best strategy in this very early phase. Its really very boring right now in the information cycle and at the same time very sad to see the reality of our economic implosion occurring real time.
In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot. The soul and substance of what customarily ranks as patriotism is moral cowardice—and always has been. - Mark Twain
Sure, we can all celebrate just how stubborn we were through the manipulated metals bear market and stuck to our guns and will make a big pile of fiat. Unfortunately, millions of our fellow countrymen are already suffering through this contrived recovery with low-paying jobs, poor health insurance, and a declining moral fabric of the society that surrounds them.
You're now in the back wall of the storm and this one will make 2008 look like a cake walk. You think that's hyperbole just like you thought statements made last year that the miners would move off the bottom in a historic initial wave that would leave virtually all investors standing, watching, holding their cock, while they moved up 4, 5 even 10 fold. Well, it happened didn't it. You could sell now and move on. Don't blame you, but I realize most of you sold out already and aren't even in the trade. Can't blame you and sorry for your luck. This game was not for you.
Next in line for you will be the final game and this game is in earnest. This will be the game for survival. It will be the game of your life and you need to make sure you don't spend it behind a computer playing with the fiat ponzi. Go to your loved ones and make your life right with them and enjoy the here and now. Enjoy the reality of your life and what your life still can be. If you have figured it out then put that knowledge to work now. WE are all about to pay. gl