I've been on and off those guys, too. Sometimes it's good to have a break- but always worth keeping touch to keep an eye on changing sentiment. I think Maloney is an honest guy seeking to genuinely protect people from a possible shit storm (not necessarily a SHTF scenario). He is well researched and from what Ive seen, doesn't try to pick what's going to happen every week. Yes, he is a dealer- which makes sense for him as he is very knowledgable in that field. I would hate to buy from a complete gumnut who has no idea about the monetary system, finance and the economy. I believe his understanding of these issues far surpasses many of the crooks claiming to be financial advisors in Australia - none/few of which knew about the GFC and so on. These same gumnuts are piling people into the ASX and telling them their investment property will be immune to anything and everything indefinitely. So for me to hear Maloney admit that silver may slump to such compressed prices is a signal that he is considering buying opportunities (and DONT SELL periods-- for nervous investors) and tells me he is more aware than some may perceive.
Maloney is a smart guy....I never doubted that. In fact, I'd argue that most of the well known permabulls I used to listen to / read are all smart people. But the majority of them use that intelligence to con people for their own gain (either selling memberships, bullion-related products, books, etc, etc, etc), is my belief. And before someone accuses me of being anti-entrepreneur, I am not at all.....I am anti-con artist is all. Maybe someone like Maloney just honestly got it wrong the past few years....that's possible....even smart people don't get it right all the time. But I'm a little reluctant to believe that these guys just couldn't read the tea leaves better than such a notion suggests. .
Seems as I'm new at this and I have been trying to read and predict charts for a little bit now. Will you put one up that you have done to come to this conclusion and possibly a rundown thoughts on the chart?
Feel free to send me money orders & ounces of gold for my once again perfect analysis KABOOOOOMMMM!!!!
"They" say that when the weak hands are driven out, then prices with shoot up. "They" may be wrong....haven't many weak hands left the market over the past few years? Thank goodness I diversified my stack from early on. At least my numismatic items have not lost value (I've profited on all that I've sold) or if some have, not anywhere near the value that my blobs have fallen. PM prices could be in a slump for decades....but on the other hand, a weak U.S. economy could spell trouble for the US$ and that could send PM prices way upwards and we would have to then thank the new Trump administration for that! .
Maybe we don't have decades on our present trajectory (unless the optimistic futurists are correct and we are saved by technology), which makes PMs a medium-term play at best. It is quite likely there will be no industrial civilisation a few decades hence, and the few remaining people will be focused on basic dirt-level survival. But before then, as you said, economic and political idiocy could drive some crazy volatility.
I'm just calling you out on your bullish silver calls ever since silver peaked many years ago. Your charts are not embarrassing -- never have been, fabricated same thing you post every time.
