That was the question I asked myself after being 100% cash into the last hour yesterday and seeing the bottom fall out on the gold stocks once again. Classic trading methodology teaches that you do not try to catch a falling knife. ‘Screw classic trading methodology’ thought I, ‘I’m taking some positions’, which ended up being in the gold and silver bullion fund CEF (now selling at a discount), a few individual items I consider to be of relative quality and the leveraged NUGT in a high risk trading account.
The above was noted in an update to NFTRH
subscribers in the last hour and certainly was not a call to action. It
was just a note from a market manager who had been updating subscribers
all along this frustrating journey since the gold stocks lost critical
support in November. With that final plunge yesterday afternoon,
something bullish welled up inside me.
But as usual, the chart takes out the human element (e.g. “something bullish welled up inside me”), so let’s look at the one for GDX, as it shows an awe inspiring picture of volume.
armstrongeconomics.com / By Martin ArmstrongPlease share this article
will be no HYPERINFLATION. That assumes government sits on their hands
and blindly just prints to try to please everyone. They are by NO MEANS
nice people. This is about them maintaining power. They put the Euro to a
vote, got it, the people will NEVER be allowed to ever vote again. The
European Parliament is federalizing Europe from a power perspective, but
have no intent of giving anything back to the people.
created a bogus study that now claims the South is richer than the North
so any further bailouts will be the confiscation of their property.
This is invasion of Southern Europe without troops. Perhaps we will go
all the way back to Roman defaults – they confiscate your children and
sell them into slavery.