Saturday, June 22, 2019

SO WHAT'S NEXT?

BOOM! Gold broke out. Big fochin deal. You're either already in the miners or you're frozen on the sidelines. If they pull the miners and gold back over the next few weeks to test their breakouts and do a breakdown/fakeout then you're sure you were correct in freezing on the trade. If they form a short term bull flag with a smaller pullback......you'll still freeze watching. If they jack the trader through 1450 next week then you'll freeze on the sidelines waiting for a pullback to 1400 or 1360 before you buy the miners. You don't remember in 2016 do you? Gold pulled back on its first rise off of its December bottom several times and on many of these pullback days, the miners were hard green. By the time gold had risen 26% off its bottom many miners were up 500 to 1000%. Of course these little loved juniors weren't widely held and no one even talked about it on the financial news media.

Gold At Risk Of Sharp Pullback Before Higher Again – David Brady....don't count on that "big" pullback David

Trump Unleashes On Uber-Hawk Bolton: We'd Be Fighting "The Whole World At One Time".....lol...then FIRE him!




















I didn't know that the miners I held would be up 500% in less than six months in December of 2015, but I did know at the slaughtered levels they were at, I preferred sitting on their garbage than a market that was overvalued on every metric. Eventually they ripped the miners to shreds (again) and pushed gold back to a dead asset level, crushing the newbies that jumped on in late 2016. They don't want to see a gold miner ever again lol. As I have said before even with a major beatdown my portfolio still has managed to stay 250% above the terrible low of 2015. The decision to hold in 2015 AND in late 2016 is based on the reasoning of WHAT asset class I prefer to be in and for me cash just isn't what I consider a safe asset...... The Fed is in a jam. If they strengthen the dollar here (and they can) they will unlock the gates of hell worldwide. If they don't dump the dollar (over the next few months) then watch out ladies and gentlemen.....we will be in recession and dying fast.

A Day Trip To The Regional Amusement Park Costs A Family Of Four $1,000+ This Summer In 2019...lol no inflation right?


What do I see next for gold? I am serious when I tell you I HAVE NO FOCHIN CLUE. I am serous also when I tell you I really don't give a shit what they do. The end game is the same. Its dollar devaluation and its gold higher. It won't be straight up but you could get caught flat footed trying to trade this and miss out on the major squeezes that cost you dearly. Thats their game. Most of you ain't even close to being good enough to trade against them here. I 
know I am not. Let me be clear.....my portfolio was destroyed in late 2015. So when it did go up 500% 6 months later I was only up 25% over its all time high from 2012. It was painful holding but I felt it was my only way to play it. Those reasons are complicated and not helpful for most of you here.

NATO Tells Russia To Destroy New Missile Or Face Consequences.....well that should be no problem












I know until we're over 1450, they could just chop this to hell for several more weeks even months to make you puke up your leveraged positions. On the other hand ripping this to 1500 in a couple of weeks before they put up a flag would also CONfound newbies as they get chewed up at that level. I repeat,  I just don't care and I'll sit tight and enjoy my life and babies and not get caught in the whipsaw. I just hope Mr. Orange doesn't pull the trigger. gl





24 comments:

  1. So what's next???...........war

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    1. 5G? Now I know what you mean by total Control!

      https://youtu.be/BXbvL0uZkrY

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    2. yup tic toc.......speaking of tic toc.....expect the boyz to dig their heels in at this level so they can push gold back down to 1350 retest area..........doesn't mean it can't rip to 1500 instead

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  2. way overbot on da daily........time to trade??? maybe a small amount of your portfolio??.........NO......time to sit tight......may get a pullback but its breakout time not fakeout time.....any pullback is time to buy.....early in this move and any pullback is a shakeout......

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    1. having said sit tight that doesn't mean you can't reposition........

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  3. BTW howz that "waiting for the pullback in miners" wurkin' for you if you're on the sidelines..........lol.....you might get it and you might not get it........either way you'll prolly miss making the initial money on the first big wave

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  4. interesting........crickets........where's all the excitement with gold at 1425?..........no one even believes it....thats what a brutal bear does

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  5. major physical demand from HONG KONG is driving the gold move

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  6. It is quiet. But I don’t believe the move Kli. I’m conditioned for a future beat down.

    http://investmentresearchdynamics.com/gold-is-going-higher-but-brace-yourself-for-volatility/


    And since you mentioned Hong Kong, apparently strong buying of gold and mining shares in China.
    https://youtu.be/IDATG1xXoAM

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    1. yes, no one is believing the breakout..........nice......perfect......i like to watch the pullback coming.....how long it lasts and what is the retest of......

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    2. pullbacks on this wave could be brief and no one gets on

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    3. people will soon realize around the world AND HERE that the REAL THREAT is not a market crash in the near term but a dollar devaluation......

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  7. KLI - I thought dollar weakness was good for the world's economies indebted with dollar based debt?

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    1. that's the problem with the dollar at this point in the fiat ponzi......its killing the other economies in the "developing world" with its strength and is a primary reason it WILL be weakening here with the Feds assistance .......and BTW it will give our exports a boost especially against the euro countries ie germany....and Japan....So the choice is CONtinue the dollar strength (milkshake theory) and kill the world or weaken now......they'll weaken to 88 over the next 9 months or less.

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    2. the developing economies debt is all dollar based and it is a death knell for the ponzi/dollar

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  8. weekly and monthly close of gold above 1400 is major ......expect a good year ahead

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  9. lol betcha thot this was a bullchit call

    kliguy38June 17, 2019 at 1:34 PM
    by the end of july the charts seem to indicate a 100$ move in gold that will take out 1400. the move will be one or two days leaving most on the sideline......it will consolidate in a bull flag keeping many on the sideline then push over the remainder of the year eventually to 1700......most traders will be sidelined or whipsawed and therefore frozen out of the profit. The miners will move throughout the year after it crosses 1400......

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    1. the monthly close and breakout confirmation is a big deal and most are still NOT on the trade ......so more room to run before major shakeout

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  10. There has been plenty of time to get in Miners and the ones I watch are still at the low end. Me, I'm not touching them. Not worth the risk. JMO

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  11. In a sea of nonsense sometimes sound bytes and great scenes get glossed over

    https://www.youtube.com/watch?v=gzKL7UjUB6s

    Ain't it funny you have a mob boss at the end of the video referring to one of the BIG FIVE but hey its a legitimate, sanctioned bizness right? fugetaboutit

    The American Way.

    ...and here we are.

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    Replies
    1. had aa dream last nite.......i saw the end........it was beautiful.....and horrific

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