To: SliderOnTheBlack who wrote (47965 ) 4/10/2025 11:07:34 AM From: SliderOnTheBlack 6 RecommendationsRecommended By Arran Yuan easygoer Hugh Bett isopatch roguedolphin and 1 more member
Respond to of 50317 Is this the beginning of the "rip your face off" gold bull move we've all been waiting for? Unlike when the market collapsed during the Great Financial Crisis of 2008, and the pandemic lock downs of 2020-2021, gold and the precious metals mining stocks did not get taken down to any significant degree with the rest of the market - and that speaks volumes, if not confirming that this time really might be different. That said, it might take another couple of quarters of earnings announcements to convince those who "love it most, but trust it least," for the miners to prove themselves worthy of new all time highs which would be around GDX 58.93 (now 46.98) and HUI 638.39 (now 367.28). So, there's lots of upside ahead. What's particularly enticing here, especially for stackers , is the Gold:Silver ratio which is an insane 102:1. To me, it's a great time to shave some paper profits and buy silver eagles, and personally, my fav - junk silver coins (#1 barter vehicle in my experience). My favorite chart here and now... Silver is a coiled spring.The longer the base, the larger the move ! Chart from the Daily Gold:
Regardless of where you now find yourself, have a plan, make buy lists, plan stops, re-balance if needed, raise more cash, take profits if warranted, and stay focused, because this is going to be one helluva bull ride ahead. When right, sit tight... Welcome to the Tea Party 2.0 Main Street not Wall Street MAGA not MIGA, SOTBPS: And don't be a hater (with a couple of well-deserved reciprocal exceptions). ;)