Pep talk: don't sell your PM now

[Oldun]

Found it

 

[Stuntman]

I won't be selling any PMs for at least 6 months.

[vand]

Gary Savage (Smart Money Tracker) is one of the few traders who I bother paying attention to. 

He says gold will go into a bubble phase after the correction has played out for the current upswing, in which gold should go to $7,000-$10,000
 

That's some forecast. Not in terms of the size of the move (I've also maintained that a 500%+ trough to peak move should be expected in an "average" bull market) , but in the timeframe he's expecting it to play out.. within the next 18 months or so.  I though it would take a few years and only peak in the back half of this decade.

 

[vand]

Gary's timeframe would also roughly fit in with belangp's, who had a stab at it in this video:

 

[Tn21]

Bump 

[JohnA1]

Too many prophets, too little time..

[ZRPMs]

On 05/08/2020 at 11:32, Oldun said:

Found it

 

Just a quickie. Have you got any of those bogie covered sovereigns at 10/01/2020 prices please. Asking for myself. I don't mind if they are 12/01/2020 prices. 

[SidS]

On 07/08/2020 at 12:18, vand said:

Gary Savage (Smart Money Tracker) is one of the few traders who I bother paying attention to. 

He says gold will go into a bubble phase after the correction has played out for the current upswing, in which gold should go to $7,000-$10,000
 

That's some forecast. Not in terms of the size of the move (I've also maintained that a 500%+ trough to peak move should be expected in an "average" bull market) , but in the timeframe he's expecting it to play out.. within the next 18 months or so.  I though it would take a few years and only peak in the back half of this decade.

 

Have we hit $7000 per ounce yet?

[JohnA1]

Apparently so, according to those self-proclaimed experts

[CazLikesCoins]

10 minutes ago, JohnA1 said:

Apparently so, according to those self-proclaimed experts

Sell, don't sell. Sell, don't sell. Sell and buy silver. Sell and buy gold. I’m sure they say it to get pm investors into such a froth of ever decreasing circles that they cant afford to buy anything. A canny way of depriving people of their gold by government shills. Possibly. Probably. imo 🤣

[JohnA1]

The governments want you to store your wealth in promisory notes that they issue. What little is left of your wealth after direct/indirect taxation, inflation they create etc..

The PM merchants are simply talking their book - what else would you expect them to do..

They profit from each of your purchases or sales. Bit by bit.