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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (173459)	6/21/2021 5:44:26 PM
From: sense	Read Replies (2) \| Respond to of 218005

And, today... like Thursday and Friday didn't happen ? ZH notes it as the Bullard Bomb being undone... Who could have guessed that was what you should expect ? LOL!!! But, of course, it is only the indexes and their component stocks that participated that way... Most of the miners got whacked, and then maybe clawed back 10%... Exactly as you should have expected just prior to June 21st... ? Some issues fared better than others... while some sustained accumulation even in spite of the sudden decline ? What a shock... I had previously taken profits, so had lightened up on all my traders... which, not surprisingly, placed the best performers, previously, among those who seemed to get whacked the hardest. Many of those are worth reacquiring now... but, some show recent buyers are still taking losses... so, wait for that to end before jumping back into those with the ugliest charts now... I thought NFGFF a no brainer, was still undervalued at its peak ... HL, KOR worth owning... and had very similar looking charts on the way up, and again now with a drop back to the 50MA... TMQ on the bubble... getting close... SBSW, PAAS, and a few others... like JAGGF, look like they may have "more to go"... But, a bit of patience now likely a good idea... I will continue accumulation of FNLPF as a long term hold... while otherwise waiting to see how the week proceeds... Otherwise, today clearly was a "relief rally"... among non-mining stocks... And the Fed will be busy working at talking the market back up again for the rest of the week, it seems... This was not "dropping the lug nuts" though... This was a plan... executed at some risk... which Biden will "give them a stern lecture about" tomorrow... /s The take down of gold, silver and the miners... again... was exactly the point of it... while oil put on a big move ? Is anyone here really surprised ? Note others, today, finally raising targets on oil... to $100 in the near term ? Go Figure. Biden working hard to shut down domestic oil production... while also poking the Saudi's and the Emirates in the eye with a sharp stick ? Because... that makes NO sense at all... unless... ? Maybe, unless you want inflation and are very long oil ? Or, maybe... unless you want to foster a fight over oil ? And, it seems that's what "don't fight the Fed" really means... as long as the Petrodollar still exists... and dollars are backed by oil and not some more permanent source of value ? Hey, Joe, the 70's called... they want their policy back, And THAT, as I noted recently, is why oil outperforms gold and silver under inflation... when nothing else does ? Because the calculus done by the banks tells them they HAVE TO whack gold and silver, now and again, to suppress prices, like they just did, in order to survive... but they CAN'T whack oil the same way... or they invite the risk that the entire economy just suddenly stops ? The Fed is NOT on your side... in anything... but OPEC is on your side, and has your back, if you are an oil investor with even a little bit of skill in timing the long term peaks and bottoms in the markets... But, if you are a gold, silver or mining stock investor... you're on your own... with the banks always coming after you to take you down... requiring a bit more skill in timing the short term trades to buy low, take profits in the short term... buy in low again, etc., while avoiding getting stuck in debt traps, fully knowing they're going to practice frauds in the derivatives trade to "take down" the "price"... even below the cost of production... whenever an advance begins to make too many people think it might be a good thing to own... gold, silver, and mining shares. That the banks are based in and built on fraud... is what's wrong with the economy... But, as you know it is true... and know how they operate ?