Loading ...I’m not trying to piss in anyone’s cheerios here. Like you, I’ve just heard the story for so long about why we should go higher it becomes more unbelievable as time goes on, simply because more days than not, we’re going down, and also because we’ve been watching virtually everything else go up for the last 15 years. Even oil shares have gone up while oil has done nothing. Add the unbelievable amount of manipulation where every breakout is sold, and it’s enough to make you crazy.
We’ve had a decent year, but truthfully, gold needs to be up around $10K right now to make up for lost opportunity cost, and even that wouldn’t do it. Silver $200. I just don’t see it getting there, and the fact that big tech has big demand for silver, makes it even less probable that we will see high prices. Big money has a vested interest in seeing a low silver price, they’ll do whatever they need to do to keep silver in the tank. They’ll just do it with paper.
I’m not selling anything, I’m just stuck with what I’ve got, and of course, the voice in my head is always there to say, “as soon as you sell, it will go way up”. I’ve been hearing that lying bastard for 15 years. 🙂
I want to see real moves. I want to see the metals move up like everything else does, doubling or tripling in a year, and doing that for a few years in a row. I just don’t believe that’s a possible reality with pm’s.
The metals had a decent year. It’s nice for gold to close on an up note. Silver and the shares, meh. Rainbows and unicorns old friend, they’ve cost us dearly.