vand

Love this infographic I just ran into comparing asset breakdown by tier:

 
https://medium.com/@jeffwiener/are-you-really-cut-out-to-be-rich-1f2afadd76d8

I love this chart from Ramin's latest Pensioncraft's video.
It shows very clearly the correlation between equity pricing and inflation, and why virtually everyone shoots for 2% inflation target.
 

Another +5% on GDX. I think we have achieved escape velocity!

@Tn21 sure, GDXJ will lag a bit but it's all highly correlated

The last time the price of gold was as high as it is now was in 2011-12, and back then GDX was about 60, which is nearly twice as high as it is now. So there is plenty of room for upside. But you have to remember that many mines and refineries are closed because of the virus. Also, miners are among the most risky businesses you can own: floods, collapses, strikes, nationalisation, tax hikes, criminal gangs, terrorist attacks, and just greedy and incompetent management.

You listened to the same Palisade Radio podcast i did last night. i have a lot of time from Rick Rule. He is very experienced, he has a proven track record. Worth posting the video here i think.
https://www.youtube.com/watch?v=r2bf8HdGNeE

I love this chart from Ramin's latest Pensioncraft's video.
It shows very clearly the correlation between equity pricing and inflation, and why virtually everyone shoots for 2% inflation target.
 

Finished with a very unpromising reversal on the day => a high chance that we are at a short term top.

Added 0 minutes later... Dent's a deflationary luny. Ignore him.

Finished with a very unpromising reversal on the day => a high chance that we are at a short term top.

Added 0 minutes later... Dent's a deflationary luny. Ignore him.

Gold USD heading for its highest close since March 2013
Its still early in this bull market. You ain't seen anything yet.  

With Gold continuing to set new all time highs in GBP, this is my timely BUMP to remind everyone to keep holding and stay patient for the big move to play out -which takes years, not weeks or months. And silverbugs, don't be disheartened, silver will surprise many in the upcoming reflation.
 
Don't be the next chump
 

With Gold continuing to set new all time highs in GBP, this is my timely BUMP to remind everyone to keep holding and stay patient for the big move to play out -which takes years, not weeks or months. And silverbugs, don't be disheartened, silver will surprise many in the upcoming reflation.
 
Don't be the next chump
 

With Gold continuing to set new all time highs in GBP, this is my timely BUMP to remind everyone to keep holding and stay patient for the big move to play out -which takes years, not weeks or months. And silverbugs, don't be disheartened, silver will surprise many in the upcoming reflation.
 
Don't be the next chump
 

Gold USD heading for its highest close since March 2013
Its still early in this bull market. You ain't seen anything yet.  

Gold USD heading for its highest close since March 2013
Its still early in this bull market. You ain't seen anything yet.  

This is a good'un:
https://www.marketwatch.com/story/jobless-claims-set-to-soar-by-the-millions-as-layoffs-surge-due-to-coronavirus-shutdowns-2020-03-25?mod=bnbh
 

Is anyone still a believer?
Because we are going to see an unbelieveable move in the price of silver soon.
Remember the shakeout of 2008? Of course you don't. I don't blame you.. Silver was just another asset that got smashed as the economy went off the cliff, going from $20 to $8.
Silver has ALWAYS been incredibly volatile. That is why I never advise anyone to put all their money, or even the majority of their money into silver or even anything else, even if you believe it is the best buy in town.
We all know what happened in the aftermath of the financial crisis, as the economy reflated the PMs took off, and silver went all the way to $50. The world was a changed place.
 
Today the world is a changed placed. Fundamentally, everything the soft-money critics had warned about is now happening. Unlimited bailouts, and helicopter money. Sovereign default is assured. It will take another few years for non PM holders to finally understand that you can't print your way out of a crisis.
In this new world, money takes on a different meaning. 

Christ, HTFU already, some you so-called stackers!
Yeah its run into resistance and getting sold off. Big deal. This was always likely to happen. We'll be back up and eventually much much higher not because Coronavirus may or may not worsen, but because of the things already well discussed that people are not focussing on right now. 
 
Oh, and maybe diversify a bit too. Stocks down, gold down, cash flat, bonds rally. At least some components of my portfolio are having a good day lol. 
 
I'm starting to sound like a broken record...

Christ, HTFU already, some you so-called stackers!
Yeah its run into resistance and getting sold off. Big deal. This was always likely to happen. We'll be back up and eventually much much higher not because Coronavirus may or may not worsen, but because of the things already well discussed that people are not focussing on right now. 
 
Oh, and maybe diversify a bit too. Stocks down, gold down, cash flat, bonds rally. At least some components of my portfolio are having a good day lol. 
 
I'm starting to sound like a broken record...

BUMP.
 
You all know my recommendation on what to do as we see gold hitting new GBP All Time Highs: ABSOLUTELY NOTHING.
 
Sit on your hands. This bull market has many, many years to run. Go back and read the whole thread  - nothing at all has changed. We are going multiples higher, and it has very little to do with Coronavirus or whatever the scare story of the day is.
 
If you want to be one of the miniscule number of people who build long term wealth then you cannot be tempted to cash in a relatively puny 10% move. Leave that for the traders. Wait for the 500% move. That is how real wealth is made. 
 

BUMP.
 
You all know my recommendation on what to do as we see gold hitting new GBP All Time Highs: ABSOLUTELY NOTHING.
 
Sit on your hands. This bull market has many, many years to run. Go back and read the whole thread  - nothing at all has changed. We are going multiples higher, and it has very little to do with Coronavirus or whatever the scare story of the day is.
 
If you want to be one of the miniscule number of people who build long term wealth then you cannot be tempted to cash in a relatively puny 10% move. Leave that for the traders. Wait for the 500% move. That is how real wealth is made. 
 

Most people don't "get" gold at all.  They see it as an unproductive asset with no cashflow, therefore they are willing to unload it at the earliest opportunity which will show them a profit.   They are way over-exposed to stocks and ignoring the warning signs that the bond and gold markets are flashing.
 

BUMP.
 
You all know my recommendation on what to do as we see gold hitting new GBP All Time Highs: ABSOLUTELY NOTHING.
 
Sit on your hands. This bull market has many, many years to run. Go back and read the whole thread  - nothing at all has changed. We are going multiples higher, and it has very little to do with Coronavirus or whatever the scare story of the day is.
 
If you want to be one of the miniscule number of people who build long term wealth then you cannot be tempted to cash in a relatively puny 10% move. Leave that for the traders. Wait for the 500% move. That is how real wealth is made. 
 

BUMP.
 
You all know my recommendation on what to do as we see gold hitting new GBP All Time Highs: ABSOLUTELY NOTHING.
 
Sit on your hands. This bull market has many, many years to run. Go back and read the whole thread  - nothing at all has changed. We are going multiples higher, and it has very little to do with Coronavirus or whatever the scare story of the day is.
 
If you want to be one of the miniscule number of people who build long term wealth then you cannot be tempted to cash in a relatively puny 10% move. Leave that for the traders. Wait for the 500% move. That is how real wealth is made.