I'm very happy for you, Roebear. I hope the Rally continues, but I don't see clearly what it is based on yet. I do have my hunches, though. I've made very few trades in Gold. Everything I've learned about Gold has come from this thread. I learn quick. There are some very wise people who post here, much wiser about the ways of the Gold Market than me. I read the posts from Hutch, Enigma, Ken, Ole 49er, Tom Byron, and Bob, very carefully. All of them know more about Gold than I do. I'm a dummy in comparison to them. I smile when they go at it with each other because they have all been my teachers, especially Hutch. I feel a lot of the pain on this thread, but the fact is I have never sold a Mining Stock for a loss yet. I lucked out last fall.
I see Stagflation coming. I've seen it for a while. I know the gold stocks will soar to unprecedented heights this decade. Growth will dramatically slow next year. It should be a good environment for Gold. Hopefully, I will be able to trade my 2 Gold stocks for a good profit by the summer/fall. It will take $500 Gold to turn most of the despair here into joy. Let's be respectful and humble.
PS The day of the BOE announcement last year was on my birthday, May 7. |
