If you’re not positioning into this melt-up — you’re playing yourself.
This breakout has been attempted for the past 7 years. If we jimmy higher back to record highs, gold miners will double from present value — in my opinion. You can dick around with tech, oil, or biotech — but nothing is more interesting than seeing the gold bugs released into the main population — creating mayhem and panic.
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After the fall meltdown physical gold became an obsession in January. I wasted $ on fees but good to go now and this was before Zell or other whales went on TV. Now my problem is grocery shopping with a gold eagle WTF?
I have been building a position in GDX and WPM bet 19-22 for the past 2 years. Not selling either names until gold hits min 1750 and silver 25. Check out CCJ in the uranium space too. The commodity bull run is finally back.
Gold is dead.
“but nothing is more interesting than seeing the gold bugs released into the main population — creating mayhem and panic.”
doh!
well put, Señor 😀