To: SliderOnTheBlack who wrote (46342 ) 9/12/2024 5:52:23 PM From: SliderOnTheBlack 1 RecommendationRecommended By roguedolphin
Respond to of 50739 Gold stock pop on huge volume + The Black Swan is bullish on gold... I haven't seen volume like this in a long time, many large caps up on 2-3 times normal volume, lots of big institutional buys in big caps and the ETFs today. Also, a must read article from "The Black Swan" Nassim Taleb on gold:kitco.com The mining stocks are about to transition from deep value plays to momentum plays as scores of stocks are now hitting new 52-week highs - which will attract a fresh new cadre of traders. Still some decent buys out there but chasing +10-15% pops like many stocks saw today, usually isn't a good idea. Fed meeting next Wednesday may be a sell the news event, so watch for pullbacks if you're looking to either establish new positions or add to existing. The GDX is only 10% away from a 6 year high (needs to break above 2020's 43.30 high, could easily do that off next Wednesday's rate cut confirmation as institutions are still very light on gold and silver mining shares. I'll be disappointed if we don't see GDX 60 in two years. I see easy +50% moves in many large caps like BTG, $3.10 today ($6.19 in 2020) still paying a 5%+ dividend here. PAAS at $20, still has 80% upside left to its 2020 highs of $36.80 at $28ish Silver, so room left, watch for dips. Lots of 2-3-4 baggers in small caps, and there are some developers and explorers that could be solid risk:reward 5-10 baggers in 3-5 years. Just my .02 YMMV SOTBPS: If you're looking for a good fundamental analyst to follow this young guy on Seeking Alpha has earned it over time:Taylor Dart. .. lots of free analysis on Seeking Alpha + a paid newsletter.seekingalpha.com I'm not a paid sub, but his feedback is excellent from other subs. Followed him fairly close for 4-5ish years, real close on SA for last two, he's very good, straight shooter, and does excellent fundamental work. Not really a TA guy (I like to do my own anyway), but covers the TA basics well enough.PPS: I have not followed the energy sector like I used to, so feel free to post up any recos you have or link to others you follow. Hard assets and commodities are going to be the place to be over the next two years imho. And lastly, fwiw, I think Trump will win the legitimate popular vote and the electoral, but I am 85:15 on the likelihood of the Dem's successfully stealing this election, and am planning my personal life accordingly. Republicans have done some decent work on electoral reform here and there, but the 800 lbs. gorilla was in passing the SAVE Act and that may be too late for this election even if Massie turns out to be wrong and they pass it here soon, because the Dems have had motor voter registration in 26ish states and will be ballot harvesting like a John Deer combine in a soybean field at harvest time. The first move, is to think 4-8 years out, because if Kamala wins, her first "100 days in Office" is going to be like Lenin & Trotsky's march through Moscow. Your first move is to relocate to the deepest Red county with a patriot Sheriff in the deepest Red State you can find. We'll likely see a quick coalition of Red State Gov's form an alliance to resist the bum rush of the socialist police state that's sure to come. It will likely take two years until the 2026 midterms to see how well the Red State Gov's stand up and resist, but I don't know how they ever fix the electoral system if the Dem's seize power in all three houses this November, which I am 85:15 on believing they will. They'll immediately go after the Supreme Court as well. Balkanization will take place, succession talk will follow, we could easily be Kosovo 2.0 by 2026... I don't believe the globalists will allow a Red State peaceful succession which I believe is the most desirable outcome. Could be literal hell in two years. Prepare accordingly. If you're anywhere in a Democrat controlled Federal District Court - get out now, empty your equity and mail in the keys if you have to - seriously. For example, I could see Red Flag laws used (even retroactively) to take people's guns in Blue States for social media posts. That said, and I've said this before... Think hard about getting real tech savvy, and going grey man digitally in the very near future . Get familiar with Ham & Short Wave radio... that's where the patriot talk radio and podcasters could very easily be forced to broadcast from much quicker than most would believe. I'd expect X go be shut down, or completely censored if the Dem's win in Nov, so the news on social media will be all lies and propaganda... no Tucker, No Alex Jones, no patriot podcasters, they'll all go to short-wave Ham, satellite, or pirate Radio. That said, still pound the phones on the Safe Act to your reps, still vote, and still encourage others to as well. It ain't over and it's never time to quit. But it is time to be a realist and plan accordingly. End download.