Dharma, we appear at the real point of recognition (3 of bigger 3) in interest rates as they soar today after a big up move yesterday and this is with the Dow declining over 500 points! you have speculated for years about an eventual huge rise in RATES WITH GOLD and MINERS (late 70's fractal) and I now believe we are THERE. The last part is gold and miners rallying with rates whick we may be very close to - hugely interesting time frame!
Senor
senor we have retraced 50% in gdx and silver . this feels really bad. we are close to a low of c of 2 fo3 imo. rising rates should not be that big a surprise, after all rates topped in 81(bond bottomed) and have in a bull market ever since that is 37 years , that is one long in the tooth trend. now we just need the pm sector to put in a bottom. i am getting prepared to buy back what i sold. alan greenspan , remembering his ayn rand roots, said inflation will pick up later this year. my thoughts exactly, i am in the stagflation camp for now, unless and until we have a hyperinflationary event. powell takes over in a few days. he is not battle tested. will he panic? yes very interesting time. not to mention the boatload of geopolitical stuff. and the dollar falling could kick off currency wars.
bored hell no
dharma
SIL .618 was 31.20 and it went below 31 easily today. I think it has 5 up so it should bottom soon if correct, about 20% long here with an itchy trigger finger but being careful
Senor
