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vand

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  1. Like
    vand got a reaction from goldmember44 in Silver Monitoring Thread £ (GBP) only.   
    The short term mania phase has run into obvious resistance at $23/£18. 
    Just a warning that while I do not recommend you sell any core positions and prices can easily shoot right through this level, don't be surprised to see some consolidation and a healthy pullback.
    Nothing goes up in a straight line; by now you should know the nature of silver. It's volatile. To participate in the great bull market that is developing requires unflinching discipline to ride out the numerous corrections that we will encounter along the way.
  2. Like
    vand got a reaction from MancunianStacker in Silver Monitoring Thread £ (GBP) only.   
    The short term mania phase has run into obvious resistance at $23/£18. 
    Just a warning that while I do not recommend you sell any core positions and prices can easily shoot right through this level, don't be surprised to see some consolidation and a healthy pullback.
    Nothing goes up in a straight line; by now you should know the nature of silver. It's volatile. To participate in the great bull market that is developing requires unflinching discipline to ride out the numerous corrections that we will encounter along the way.
  3. Like
    vand got a reaction from Kman in Silver Monitoring Thread £ (GBP) only.   
    The short term mania phase has run into obvious resistance at $23/£18. 
    Just a warning that while I do not recommend you sell any core positions and prices can easily shoot right through this level, don't be surprised to see some consolidation and a healthy pullback.
    Nothing goes up in a straight line; by now you should know the nature of silver. It's volatile. To participate in the great bull market that is developing requires unflinching discipline to ride out the numerous corrections that we will encounter along the way.
  4. Like
    vand got a reaction from dicker in Silver Monitoring Thread £ (GBP) only.   
    The short term mania phase has run into obvious resistance at $23/£18. 
    Just a warning that while I do not recommend you sell any core positions and prices can easily shoot right through this level, don't be surprised to see some consolidation and a healthy pullback.
    Nothing goes up in a straight line; by now you should know the nature of silver. It's volatile. To participate in the great bull market that is developing requires unflinching discipline to ride out the numerous corrections that we will encounter along the way.
  5. Like
    vand got a reaction from kojak in Silver Monitoring Thread £ (GBP) only.   
    The short term mania phase has run into obvious resistance at $23/£18. 
    Just a warning that while I do not recommend you sell any core positions and prices can easily shoot right through this level, don't be surprised to see some consolidation and a healthy pullback.
    Nothing goes up in a straight line; by now you should know the nature of silver. It's volatile. To participate in the great bull market that is developing requires unflinching discipline to ride out the numerous corrections that we will encounter along the way.
  6. Like
    vand got a reaction from DanTer in Silver Monitoring Thread £ (GBP) only.   
    There is a time to sell: when the Dow/Gold ratio falls to low single digits. Even then you must keep hold of a minimum amount of PMs in your portfolio for insurance - I'd suggest going no lower than 10%.
  7. Like
    vand got a reaction from DanTer in Silver Monitoring Thread £ (GBP) only.   
    "Men who can both be right and sit tight are uncommon."
    This is perhaps the greatest single sentence written about trend following.
  8. Like
    vand got a reaction from DanTer in Silver Monitoring Thread £ (GBP) only.   
    Did you keep the faith?
    7 year highs.
    GSR fallen to 82.
    The party is getting started. But personally I am not getting that excited yet. We still have MUCH further to run.  
    Like I have said in many previous posts, this will be a mindblowing bull market ride of a lifetime. We will go up by MANY MULTIPLES. Days like these will become much more commonplace.
    Only those with the long term patience and vision to ride the full macro trend will be benefit.
     
    Remember this immortal passage from Reminiscences:
    "After spending many years in Wall Street and after
    making and losing millions of dollars I want to tell you this: It never was my thinking
    that made the big money for me. It always was my sitting. Got that? My sitting tight! It
    is no trick at all to be right on the market. You always find lots of early bulls in bull
    markets and early bears in bear markets. I’ve known many men who were right at
    exactly the right time, and began buying or selling stocks when prices were at the very
    level which should show the greatest profit. And their experience invariably matched
    mine that is, they made no real money out of it. Men who can both be right and sit tight
    are uncommon. I found it one of the hardest things to learn. But it is only after a stock
    operator has firmly grasped this that he can make big money. It is literally true that
    millions come easier to a trader after he knows how to trade than hundreds did in the
    days of his ignorance."
     
    Translation = Ignore the smal, insignificant movements, and learn to ride the big trend.
     
     
  9. Like
    vand got a reaction from Silverscrooge in Silver Monitoring Thread £ (GBP) only.   
    The GBP all time high of £29.16 suddenly doesn't seem like an impossible pipedream.
    Sure, we are still some 39% away for that level, but silver has now done +97% since its late 2015 bear market low.  We all know how volatile silver can be -  another 39% can happen faster than anyone thinks.
  10. Like
    vand got a reaction from dicker in Silver Monitoring Thread £ (GBP) only.   
    The GBP all time high of £29.16 suddenly doesn't seem like an impossible pipedream.
    Sure, we are still some 39% away for that level, but silver has now done +97% since its late 2015 bear market low.  We all know how volatile silver can be -  another 39% can happen faster than anyone thinks.
  11. Like
    vand got a reaction from dicker in Silver Monitoring Thread £ (GBP) only.   
    There is a time to sell: when the Dow/Gold ratio falls to low single digits. Even then you must keep hold of a minimum amount of PMs in your portfolio for insurance - I'd suggest going no lower than 10%.
  12. Haha
    vand got a reaction from Russell in Silver Monitoring Thread £ (GBP) only.   
    Bow before me  @GoldenPhil !!
    You doubt the power of the charting tealeaves at your peril!
  13. Like
    vand got a reaction from sovereignsteve in Silver Monitoring Thread £ (GBP) only.   
    Did you keep the faith?
    7 year highs.
    GSR fallen to 82.
    The party is getting started. But personally I am not getting that excited yet. We still have MUCH further to run.  
    Like I have said in many previous posts, this will be a mindblowing bull market ride of a lifetime. We will go up by MANY MULTIPLES. Days like these will become much more commonplace.
    Only those with the long term patience and vision to ride the full macro trend will be benefit.
     
    Remember this immortal passage from Reminiscences:
    "After spending many years in Wall Street and after
    making and losing millions of dollars I want to tell you this: It never was my thinking
    that made the big money for me. It always was my sitting. Got that? My sitting tight! It
    is no trick at all to be right on the market. You always find lots of early bulls in bull
    markets and early bears in bear markets. I’ve known many men who were right at
    exactly the right time, and began buying or selling stocks when prices were at the very
    level which should show the greatest profit. And their experience invariably matched
    mine that is, they made no real money out of it. Men who can both be right and sit tight
    are uncommon. I found it one of the hardest things to learn. But it is only after a stock
    operator has firmly grasped this that he can make big money. It is literally true that
    millions come easier to a trader after he knows how to trade than hundreds did in the
    days of his ignorance."
     
    Translation = Ignore the smal, insignificant movements, and learn to ride the big trend.
     
     
  14. Like
    vand got a reaction from goldmember44 in Silver Monitoring Thread £ (GBP) only.   
    Did you keep the faith?
    7 year highs.
    GSR fallen to 82.
    The party is getting started. But personally I am not getting that excited yet. We still have MUCH further to run.  
    Like I have said in many previous posts, this will be a mindblowing bull market ride of a lifetime. We will go up by MANY MULTIPLES. Days like these will become much more commonplace.
    Only those with the long term patience and vision to ride the full macro trend will be benefit.
     
    Remember this immortal passage from Reminiscences:
    "After spending many years in Wall Street and after
    making and losing millions of dollars I want to tell you this: It never was my thinking
    that made the big money for me. It always was my sitting. Got that? My sitting tight! It
    is no trick at all to be right on the market. You always find lots of early bulls in bull
    markets and early bears in bear markets. I’ve known many men who were right at
    exactly the right time, and began buying or selling stocks when prices were at the very
    level which should show the greatest profit. And their experience invariably matched
    mine that is, they made no real money out of it. Men who can both be right and sit tight
    are uncommon. I found it one of the hardest things to learn. But it is only after a stock
    operator has firmly grasped this that he can make big money. It is literally true that
    millions come easier to a trader after he knows how to trade than hundreds did in the
    days of his ignorance."
     
    Translation = Ignore the smal, insignificant movements, and learn to ride the big trend.
     
     
  15. Like
    vand got a reaction from Gibson96 in Silver Monitoring Thread £ (GBP) only.   
    Did you keep the faith?
    7 year highs.
    GSR fallen to 82.
    The party is getting started. But personally I am not getting that excited yet. We still have MUCH further to run.  
    Like I have said in many previous posts, this will be a mindblowing bull market ride of a lifetime. We will go up by MANY MULTIPLES. Days like these will become much more commonplace.
    Only those with the long term patience and vision to ride the full macro trend will be benefit.
     
    Remember this immortal passage from Reminiscences:
    "After spending many years in Wall Street and after
    making and losing millions of dollars I want to tell you this: It never was my thinking
    that made the big money for me. It always was my sitting. Got that? My sitting tight! It
    is no trick at all to be right on the market. You always find lots of early bulls in bull
    markets and early bears in bear markets. I’ve known many men who were right at
    exactly the right time, and began buying or selling stocks when prices were at the very
    level which should show the greatest profit. And their experience invariably matched
    mine that is, they made no real money out of it. Men who can both be right and sit tight
    are uncommon. I found it one of the hardest things to learn. But it is only after a stock
    operator has firmly grasped this that he can make big money. It is literally true that
    millions come easier to a trader after he knows how to trade than hundreds did in the
    days of his ignorance."
     
    Translation = Ignore the smal, insignificant movements, and learn to ride the big trend.
     
     
  16. Like
    vand got a reaction from dicker in Silver Monitoring Thread £ (GBP) only.   
    Did you keep the faith?
    7 year highs.
    GSR fallen to 82.
    The party is getting started. But personally I am not getting that excited yet. We still have MUCH further to run.  
    Like I have said in many previous posts, this will be a mindblowing bull market ride of a lifetime. We will go up by MANY MULTIPLES. Days like these will become much more commonplace.
    Only those with the long term patience and vision to ride the full macro trend will be benefit.
     
    Remember this immortal passage from Reminiscences:
    "After spending many years in Wall Street and after
    making and losing millions of dollars I want to tell you this: It never was my thinking
    that made the big money for me. It always was my sitting. Got that? My sitting tight! It
    is no trick at all to be right on the market. You always find lots of early bulls in bull
    markets and early bears in bear markets. I’ve known many men who were right at
    exactly the right time, and began buying or selling stocks when prices were at the very
    level which should show the greatest profit. And their experience invariably matched
    mine that is, they made no real money out of it. Men who can both be right and sit tight
    are uncommon. I found it one of the hardest things to learn. But it is only after a stock
    operator has firmly grasped this that he can make big money. It is literally true that
    millions come easier to a trader after he knows how to trade than hundreds did in the
    days of his ignorance."
     
    Translation = Ignore the smal, insignificant movements, and learn to ride the big trend.
     
     
  17. Like
    vand got a reaction from Martysmith in Silver Monitoring Thread £ (GBP) only.   
  18. Like
    vand got a reaction from StackerCollector in Pep talk: don't sell your PM now   
    Moneyweek are saying the same. Don't sell now, we have much further to run: https://moneyweek.com/investments/commodities/gold/601667/gold-price-mining-stocks-boom
  19. Like
    vand got a reaction from Derv in Pep talk: don't sell your PM now   
    Moneyweek are saying the same. Don't sell now, we have much further to run: https://moneyweek.com/investments/commodities/gold/601667/gold-price-mining-stocks-boom
  20. Like
    vand got a reaction from jultorsk in Pep talk: don't sell your PM now   
    belangp has also just put out a good video about the virtues of not being in a big rushto rebalance when considering a gold/equity mix:
     
    Those efficiency frontier curves are quite remarkable; the "hook" shape should not even be possible according to modern portfolio theory.
  21. Like
    vand got a reaction from Thebigeasy in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  22. Like
    vand got a reaction from Nick1368 in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  23. Like
    vand got a reaction from HonestMoneyGoldSilver in Pep talk: don't sell your PM now   
    A plea to you all: sit on your hands.
    We stand on the breakout of what will very likely be one of the greatest bull markets of our lifetime. Think about what has happened over the last 10 years: unprecedented level of stimulus into a monetary system that is no longer fit for purpose. This is much worse than the abuse of the system that drove the prior PM bull markets of 1971-1980 and 1999-2011. 
    The fallout from this crazy experiment will drive the price of gold by similar factors over the next decade, just as it did during the previous bull markets. Bull markets always run longer and further than nearly all their early adopters think is possible.
    PMs will be valued many multiples higher in the years to come. Scoot on over to a "mainstream" investment site like MrMoneyMustache or MoneysavingExpert and gold doesn't even figure on the radar. They are ALL about passive index funds and chasing the stock market. They worship VTSAX. If you are lucky you might find someone holding 20% bonds. They won't even look at gold until it has at least doubled from current levels, and even then they will be some of the earlier adopters. 
    There will come a time to sell your PMs and buy something that is better value, but that time is still years away. It will be when everyone thinks it is a good time to be overweight on gold, when Dow/Gold is somewhere between a half to a quarter of its current level.
  24. Like
    vand got a reaction from Rat in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  25. Like
    vand got a reaction from Roy in Pep talk: don't sell your PM now   
    If anyone is paying more than about 3% on any loan right now, they're paying too much. 5% mortgage? You should be aiming for sub-2% in the current mortgage market. Those low rates increase the risk premia of investible assets, making investing more attractive than paying off debt. 
     
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