After a brave charge early this year, the gold charge has turned into a rout. The surrender of the mining shares over the past couple of months marks the end of a year of hope for the much maligned gold bug soldiers. With the grinding down of the MACD and declining volumes come the gloom associated with losing. Most of the troops wonder whatever happened to the leaders of the battle like Rickards, Greyerz, Holter, and others. They were so certain that victory was at hand.......and now defeat.
Funny how you analyze this trade and funny how well the psychology of price destroys your resolve. Everyone is euphoric as miners after a 4 year bear achieve 500% moves off a ridiculous bottom, but then fall into abject depression when a normal correction occurs knocking down the price 50%. What in the hell did you think the boyz were gonna do? Spoon feed you the trade of a lifetime. I'll bet you thought they were just gonna let you jump on lollipop boat to paradise and feed you grapes and powder your butt while they made you richer each day. Good grief!! Wake up!! Some of these moves were insane. 10 and 20X moves in some of these left for dead miners. The boyz don't make money just holding these stinking pigs. They trade them and when they trade they are going to rip your heart out both ways. UP and DOWN. How many of you were heavily loaded in miners back last December? Probably not many of the "believers were still left. How many of you traded out of your positions within the first two months? How many of you finally jumped into the gravy train midway through the year after the first pullbacks?
WE WON!! BEST SECTOR IN SnP up 56%YTD
GREAT CALL SKIPPY
That's how this war works........STRATEGY. You pick the wrong strategy and they'll find a way to run over you with a Panzer Division of traders. Don't over trade these guys. The play in gold and silver is just beginning. There will be so much money printing and spending now that the Trump regime is in charge that no amount of jawboning about CONtrolling money supply will stop the hoard of inflation that's coming down the pipe. The storm that's coming will make the Blitzkrieg look like a walk in the park. Big boyz don't cry they just put their big boy panties on and step into the war.