I am at this point unable to determine a clear course of action. Since the previous course of action, i.e., put the moolah in a great miner, gold and cash, were exhaustively thought out, any moves made while we are in crisis mode are bound to be wrong. And mistakes at this juncture can be very expensive. So I take it like a man, but it still hurts, though gold is still up year over year.
Thus, I do nothing, stay put, take the blows and wait for the Force to counterattack.
After all, the fundamentals apply. Given negative interest rates and faked inflation figures, gold should be soaring even if the crisis were not upon us. And what better than a miner whose energy costs are going down as it increases reserves?
Might take a while, but the thinking was IMO correct. And if I am wrong, the cash is substantial.
Good luck to all. |
