Sunday, June 30, 2019

ITS THE REAL DEAL..ITS A BREAKOUT

The gold tell are the breakouts in every major currency that is currently occurring. Its global and its clean. Its on the weekly and monthly. Its on volume and its being completely ignored by retail. So what happens if its a beatdown this week? There should be a beatdown but many miners are forming bull flags. It'd be healthy if there were a beatdown. So maybe we just get a little sideways movement and another rip. At least that's what could CONfound the most traders on the sideline waiting for a pullback to slide onto the trade and load up. LOL you know they sure as hell weren't long before the ramp up in gold. After all NO ONE was predicting the rip in gold.

Zimbabwe Stops Issuing Passports As Cash Shortage Hits Crisis Levels....your future...


Retail is completely out of the gold and silver trade. They aren't even a factor in the near term price movements here. They're destroyed. Its what managed funds will do that matters. Its what the dumb money does that counts. The smart money is already positioned and will move the market here to inflict maximum pain on the dumb money. If they feel they need to bring in more suckers to the table then we may see higher movements this week.  They may feel too many suckers are sitting back to pick up the pull back in the mining shares. Remember its always "inflict the most pain". Ultimately the shares will be where paper returns become staggering. 




It may sound like pumping these mining shares is the "way to go", but it has to take a back seat to the real play here and that is physical metal especially silver. Physical silver will be something your grand children will talk about decades in the future. Just like many families talk now about the gold put away decades ago by their grandparents. It all about patience now. Enjoy life. Enjoy family and friends. Let your  metal work for you now.



21 comments:

  1. lol........everyone waiting for that retest of 1360 to buy...........how'd that wurk out fur ya? lol

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  2. It's more like no one cares.

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    1. YES YES YES!! totally AGREE.......lol NO ONE GIVES A SHIT.....lol gold is up 170 bucks in four weeks and it dead here......retail was destroyed

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    2. Not just retail. My 25k miner portfolio has been sliced and diced down to 17k but I haven't given in and sold yet lol.
      Then again, a shit shack is more than half a million dollars, gas is close to $5 a gallon, I walk out of the grocery store with a couple of days worth of food for $60, $70. $80...

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    3. yup......which is why i still play the paper casino in miners........its a "chance" to rip their fochin heads off like skf was in 2007 2008..........patience will win

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  3. Silver nearing a massive spike.........two to three day spike of near8 dollars

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  4. Now you're talking. That gets my attention. That would be fun, I would be in for a little selling. NOT REALLY!
    If you are right on what's really going on in this World, so very few even get it, it's unreal to me. Either that or we are the Dumbasses. Hopefully I get to see it, it will be kind of fun, I think. Maybe Not!

    Kindle Who Knows

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    1. The point is if you are a gold investor you are a doomer as cynics tend to see the world as it is and not as they want it to be but lets be honest, as the generations go on the worse it gets and they are left with a worse place than what their parents had but hey that's progress.

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    2. lol..........no one gives a shit about "hearing" the gold story now.......its akin to the PLAGUE.....and we all know how the Plague ended.........NO ONE wants to be involved in it nor will they.....at least until its in its parabolic move

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    3. That's for sure. I grew up in the 50s and 60s We didn't have anything but we had the best damn time ever in History.

      You could by a big bag of candy for 10 cents, coke 5 cents, gas 27 cents. You never saw a Fat Person maybe one or two in the whole school, no lie. A brand new apartment $100. a month. You could actually go out and make a good living as an independent and not get robbed by the Government. Even though I thought they were robbing me then. What ever the truth is it's all fun to watch. I walk 5 days a week in a park where I will see on a good day 10 people I say Hi to them all, less than 50% return, that's how either shy or scared these people are. Not sure witch it is , I'm leaning on shy. I sold my Vette today been trying to sell for a month. Nice Car 2006 conv. with 11,800 miles it looked brand new, not a bad spot to be found. $22 k a give away. I'll probably regret it we'll see.

      Kindle Himself

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    4. gold and silver went to 50 and 800 in 1980 and NO ONE hardly talked about it..........retail was never in it

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  5. Ms Gold Standard appointed to the Fed? Now you might get some retail at least thinking about it. With Russians buying tons of gold of late, I wonder what kind of collusion might be going on...nah couldn't be...

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    1. only a guess but some high net worth out of Hong Kong just might be frantically taking possession of physical and storing it overseas......just guessing of course

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  6. Yep, those beaten down left for dead miners might be looking a tad more lively in the AM, but will anyone care?

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    1. retail will not be in this trade imo until they're slapped in the face and pissed on..........that might wake them up but they effectively are dead in this trade unless gold crosses 2000.......only then will they get involved and even then it'll be a small percentage.....maybe 10%......

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    2. unlike 1930s gold is NOT currency and no one owns it .......it is not in the hands of the U.S. public.....its invisible to 97% of Mericans

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  7. Deutsche Bank blowing up..........Monday may be the real fireworks show

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    1. Enter German taxpayer to the rescue so they can't bail out the fraudulent counter parties whom "make the market" and make them whole then flood them with the burden of mass migration and mandatory this that and the other thing, oh wait...

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    2. its fascinating to watch the slow motion dissolution of this monstrosity of a bank. we dumped trillions of toxic derivatives on them before the 2008 collapse....lol.....and then we told them to fuck off.....there is nothing good that comes this way.

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  8. Welp. I am not impressed by the action in PM at all. In fact, the recent up tick is predicated on a rate cut. This is baked in the cake already.

    Simply put: the US will not let PM rise against the dollar.
    Nope zero nada.

    Outside of a tremendous shock of some kind not in the cards.

    Chit we gots deflation again hard.

    I am one that wants to see the silver low retest and I think it fails.

    Assets getting squishy. DB WILL GO BELOW 7. GE sucks. Now Boeing could be bad momo.

    Trucking weak, oil demand ?

    Real estate very soft.

    This is going to get worse.

    Political theater not helping.

    This Epstien stuff may topple the Don. Sorry to say I like the Don. This EPSTEIN stuff may lead to an ultra radical left wing victory.

    If so. PM I would think would do very well.

    Sheeps

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