Loading ...I follow a guy named Stewart Thomson (mostly just reading the articles that he posts on 321gold.com), and sent him an email about the abyssmal performance of the gold and silver mininers….
Here’s his reply to me:
The same applies to silver. A precious metal… or a rigged bankster casino chip? It’s been more of the latter for a long regulator-endorsed time.
For the miners, the banks and shorting funds use a clearing house shell game.
The regulators only audit one clearinghouse at a time to check for naked shorting.
The scum move the positions to another clearer while the one gets audited…
On a decent price sale into decent HSR (horizontal support), miners will usually rally about 20% in a month or two and need to be sold then.
On smaller sales and smaller HSR (like the latest into 2550), it’s better to focus on gold or go only for 5%-10% gain on the miners and sell them there.
Massive sustained inflation is needed to generate enough interest from institutions who wont put up with the naked shorting scams..
Until that happens… miners are best for 5%-20% trades not core positions.
thanks!
st