| | | PM stocks hear war drums and smell rate cuts... SKE + 21%....
And so it begins...
Message #46171 from SliderOnTheBlack at 8/5/2024 10:25:02 AM
Gold & Silver stock disconnect from underlying physical price = Get 'Sum !
Like a kid in a candy store today...
PM stocks historically launch AFTER the first rate cut (and they will).
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Cutting off a chunk of paper gains from SKE today, and trading paper profits
for a world class thermal rifle scope.
Nothing like seeing Commies glow in the dark at 600+ yards...
Getsum!
SOTB
PS: Remember...
The goal here is trading paper gains for real things like solar panels, generators,
wood stoves, frost-proof wells, greenhouses, thermals, long range precision rifles,
off-road vehicles and of course... maybe even a Plan B bolthole 2nd home, or plot of land.
And of course flipping paper profits on pops and then buying physical on dips:
Silver (Eagles and junk) for barter, and gold (Eagles) for long term wealth preservation.
Fwiw, this is only the 1st-2nd inning move here for PM stocks.
The real move historically begins after the first rate cut.
They've lagged so far, for so long, lots of easy 50%- 100% moves in majors,
2-3x moves in small producers, and 5-10 x on beaten down small and micro-cap
exploration and early development plays.
PPS: And how about the shooter Crooks, training in PA at a shooting range
used by federal agencies including DHS and that Crooks had visited that range
over 40 times, including with "visitors"...
The more this goes on, the more this looks like a classic Fed wind up toy, groomed
and set up as a patsy..
Story here: nypost.com |
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