Loading ...Wanka, years ago after reading through some of the charters on the new ETF’s which stated that they TRACKED the underlying securities I came to realize they were nothing but control mechanisms for TPTB. Nowhere did they say they had to invest the money I placed in them into those underlying securities and in fact they could even SHORT those securities or at their discretion use my money in any way they choose. That’s the day I sold my ETF’s and will never invest in them again, knowing what their purpose is…..but that is a personal decision we each must make.
Portugeezer and Farmboy, Yes it’s my chart, now many years old, but I can’t swear to the idea being my own since ideas come from so many different sources as we try to navigate these markets. I do very little conventional TA, knowing it is a “ring in the nose” of investors to lead them in some certain direction so they can more easily be fleeced. IMO we have years to go in this PM bull or we are gonna get one hell of a move up until silver surpasses gold on that chart and identifies the next top.
And as I stated, IMO the next top will be at a ratio of about 30/1. Right now that ratio is about 66/1 so there is a lot of action is front of us. Good luck to all from Silverngold!!