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.
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🤷♂️
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?
There is a reason Wall Street refers to retail investors as "dumb money",
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.
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🤷♂️