every 'expert' has said to be prepared for massive movements before the 'new golden age' . This looks like a massive movement to the downside. Next is a massive movement to the upside. If you want to shake out loose hands you do it with these sort of charts. Not with a drop to the previous high two years ago I put his on another thread. Worth a re listen this morning lol [youtube]http://www.youtube.com/watch?v=hXJQOnT0xAM[/youtube] (p.s. I see it as first bear trap and expect gold to be part of a future reserve currency at around $3-5k per ounce and silver to become a rare and much valued commodity - so a reverse to the usual. Stack silver for the children, gold for your savings).
I see it more like this: Green: First sell off/Bear trap Yellow: New Paradigm!!!!!!!!!! Blue: Bull trap
Is it as Shiny put it, the first bear trap? or is it going to being a revisit to the highs and long time lows of the 70's/80's. All I know is that im heavily invested in something that is going down ATM. *Cry*
I don't know how accurate that bubble graph is but I was feeling greed on the way up to 1900. I felt the drop down was a good buying opportunity (bull trap). I felt like when it started to go up again late last year that it was "getting back to normal". Now I'm feeling fear. That doesn't mean it's right or that's what's going to happen or anything like that. It's just really got me thinking and questioning right now. Not just about Gold and Silver but maybe bitcoin as well. Maybe that's seen it's top too.
I'm not in fear mode yet, maybe I will be soon, not sure. My biggest 'issue' of sorts, is that a core fundamental of stacking silver and gold is to hedge against SHTF times, financial collapses, massive amounts of money printing etc. We've had huge money printing going on for years now. EU is screwed. Cyprus in particular is in the process of a collapse. Legislation is now VISIBLE to the world that banks and Governments can just freeze and steal 70% of your savings. But we're hitting super lows in precious metals. The 'fundamental' stacking rules are not applicable anymore.
The worlds current economic climate cant continue on like this forever? or can it? Forever money printing, forever wars, forever bailouts, forever paper trading. Surely this madness has to end somewhere, doesnt it?
Look if you are feeling fear and can't handle the volatility then stop whining and just sell. Buggered if I know what stage on a supposed graph it is at or if it's going to keep going down or go back up. Here is my (biased and probably wrong) view: While there is still potential for a global financial shitstorm I will keep holding PMs. Primarily I am hedging my super which is in a standard market linked fund like most people. If the world continues along merrily and my super survives I'll be happy. If the world does a financial 'reset' then my family will at least not end up on the street. You have your own reasons that you bought PMs in the first place.
"If something is unsustainable then it will eventually stop" Yes the madness will eventually stop. At some point the world will not be willing to lend the US any more money. They (the US) will either suffer a depression or decide to keep printing money. My bet is on continued printing, inflating away their debts. It could happen next year or in 2030 - who knows. Since China will be the one that gets royally screwed I hope it does not result in war. I suspect they already see it coming which is why they are stocking up on gold. The USD as world reserve currency is doomed. Something will replace it but nobody knows what or when. The transition may be extremely violent and disturbing.
You've left out the threat of Global Thermonuclear War with the unbalanced Kim Jong-Un in North Korea? That's got to be the reason fundamentals don't apply, doesn't it? I mean, its all just front running global annihilation isn't it? Like, what's the point of gold if there's only going to be cockroaches left? :lol: Or maybe its the onset of global warming come to devastate humanity and the insiders have finally figured our Gold and Silver is worthless! If only they insulated more homes and introduced the CO2 tax earlier ... sniff, sniff. No? Then if things aren't any better and their still getting obviously worse but the world isn't about to end, the only conclusion is that, just as Dr Paul Craig Roberts explains, this smash is a very desperate bid to keep the economic status quo operating for a bit longer. What if Cyprus wasn't contained and it really was another Lehman moment ala 2008? Couldn't this be a reaction to that, or was the temporal proximity of Cyprus just a coincidence?
