Over the last six months, gold and silver are barely changed. Investors are losing patience. It’s time to stand back and examine the big picture and ignore short-term sentiment.
Jesse Livermore once said the big money comes from sitting tight.
Gold's been on a wild multi-year run, smashing all-time highs earlier this year before pulling back to the mid-$4,460s on some short-term profit taking.
But the bigger picture hasn't changed-central banks keep stacking, geopolitics are messy, and safe-haven demand is strong.
Plenty of analysts are still calling for $5,000-$6,000+ by year-end.
Once you're positioned right in a real trend, the key is patience. Let the winners run. Big moves don't happen overnight, and trying to dance in and out usually just kills your profits.
If Central bank want to buy Gold, then they will want the price lower and will not want ordinary people - AKA investors and speculators to participate.
The head of a bank real estate lending department told me years ago that all markets pull you in at the top and push you out at the bottom.
There are at least two important lessons here. One, governments must not be allowed to force their citizens to use only government money. Two, governments must get out of trying to control, direct, stimulate, etc their economies.
Summer doldrums? A certain Mr. Oliver said that one metal would be between 3 and 5 hundred by this summer because of what he's seeing. Has his vision turned south or am I missing something here because is it did go to between 3 and 5 that would not be summer doldrums. It would be a summer of chaos. Sorry to be a bit negative, perhaps I've misunderstood him🤷♂️
Perhaps he meant what the price should be. The U.S. market is detached from the reality of the rest of the world but it will soon be forced to "catch up". Even at gold's current price, which as Alisdair indicates is about 40% of where it should be, at the historical gold-silver ratio of 16-1, silver should be close to $300 ounce. People tend to make market predictions from the metrics involved but anyone can see that market metrics have virtually no relation to current investment trends; the market is totally irrational. A prime example is the market valuation of Meta which is $1.5 trillion. The actual numbers show that its market valuation should probably be in the neighborhood of $100 billion. Wait and watch as the dross all gets burned away and the only thing remaining is gold.
Jesse Livermore once said the big money comes from sitting tight.
Gold's been on a wild multi-year run, smashing all-time highs earlier this year before pulling back to the mid-$4,460s on some short-term profit taking.
But the bigger picture hasn't changed-central banks keep stacking, geopolitics are messy, and safe-haven demand is strong.
Plenty of analysts are still calling for $5,000-$6,000+ by year-end.
Once you're positioned right in a real trend, the key is patience. Let the winners run. Big moves don't happen overnight, and trying to dance in and out usually just kills your profits.
Sitting tight on gold here. You?
Central banks run the world. Central banks are buying gold. Be your own central bank. Buy gold.
If Central bank want to buy Gold, then they will want the price lower and will not want ordinary people - AKA investors and speculators to participate.
Then there’s China and India and ???. So what western Central Banks can counter those countries with a traditional strong belief in gold?
The head of a bank real estate lending department told me years ago that all markets pull you in at the top and push you out at the bottom.
There are at least two important lessons here. One, governments must not be allowed to force their citizens to use only government money. Two, governments must get out of trying to control, direct, stimulate, etc their economies.
Yeah…good luck with that, but that’s the lesson.
There is a reason Wall Street refers to retail investors as "dumb money",
Wall Street itself is "dumb money". They simply have an excellent "stop loss" in the form of the U.S. taxpayer.
Summer doldrums? A certain Mr. Oliver said that one metal would be between 3 and 5 hundred by this summer because of what he's seeing. Has his vision turned south or am I missing something here because is it did go to between 3 and 5 that would not be summer doldrums. It would be a summer of chaos. Sorry to be a bit negative, perhaps I've misunderstood him🤷♂️
Perhaps he meant what the price should be. The U.S. market is detached from the reality of the rest of the world but it will soon be forced to "catch up". Even at gold's current price, which as Alisdair indicates is about 40% of where it should be, at the historical gold-silver ratio of 16-1, silver should be close to $300 ounce. People tend to make market predictions from the metrics involved but anyone can see that market metrics have virtually no relation to current investment trends; the market is totally irrational. A prime example is the market valuation of Meta which is $1.5 trillion. The actual numbers show that its market valuation should probably be in the neighborhood of $100 billion. Wait and watch as the dross all gets burned away and the only thing remaining is gold.
The first day of summer solstice is Sunday, June 21, 2026, at 6:24 AM EDT. Hang tight. It ain’t over yet, it’s not started yet.