Loading ...No, I think you are a victim of the larger players who should know better.
Unfortunately, one of the nasty side effects of an easy money system the likes of which people have never seen before is their brains turn to sh*t. What this means in terms of the precious metals clusterf*ck as it stands right now is the funds continue to use precious metals derivatives as a hedge against a downturn in stocks, which they are not (a hedge), because easy credit is still available. This is the same reason broad market open interest put / call ratios remain high, which supports stocks. (i.e. the perpetual short squeeze.)
So it’s not the little guy who is to blame for this. We are captive of the Wall Street knuckleheads who keep running their margin balances ever higher.
As with 2000 and 2008, we must wait until these characters decide PM’s are crap again and they stop playing the ETF calls, which won’t arrive until the next deflation scare comes. (this fall? — quite possible)
Then the metals will explode higher.
So be patient.
I know it’s been a long time, but patience is better than losing money.
Cheers