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[K Wave]

 

interesting take

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Hugh Hendry Eclectica

 

@hendry_hugh

 

OK, once and for all, gold Vs miners I'm laboring this point because the environment for gold looks impeccable And idiots are gonna sell you miners, implore you that this time is different There is zero reason to buy them They trade at least 2 to 3x more risky And they underperform the metal over any significant time period And the cost of trading is high And the liquidity is poor Which means the spread between the bid and ask is high There is no justification in accepting this Unless you're a con on twitter peddling nonsense You know that expression, Where are the Customers' Yachts... The only answer is to own the yellow metal You think the divergence is gonna narrow ? Maybe So allocate 2 to 3 x what you would have bought in the stocks Don't be a dupe

 

 

 

If we get the bull that "may" be coming, and could start for real as soon as next week, I might be willing to bet him that GDX would outperform GLD for a long period of time.

 

Just because something has been......does not mean it will always be...........

 

Edited by K Wave, 28 April 2024 - 03:54 PM.

[dougie]

"And they underperform the metal over any significant time period "

While true, in select time periods there is NO COMPARISON

[dougie]

If this is what I think it is on FTSE....roughly equivalent period on Dow from 1960s-80s....but going up for a very different reason...could be wild ride just gettin' underway after bears failed to stop it last week.

 

And just because market is goin' up does not necessarily mean things will be rosy...ask the Merval holders

 

 

 

 

now do that in dollar adjusted basis

[dougie]

can you do that for a 30 year HUI GOLD chart?

 

seems to me between 2000 and 2011 we say 4 x gain in miners ratio

Edited by dougie, 28 April 2024 - 04:05 PM.

[K Wave]

can you do that for a 30 year HUI GOLD chart?

 

seems to me between 2000 and 2011 we say 4 x gain in miners ratio

 

Data there does not quite go back 30 years

 

[dougie]

thanks

surely a move to the LT MA you show is not out of the quesion

[K Wave]

Possibility that spike was close enough??

 

See if Silver bulls can keep the pressure on now enough to complete a turn now

 

[K Wave]

4 hour possible turn at the 200...

 

[K Wave]

No sign of further downside on PL so far...Can bulls get back over 920???

 

[dougie]

yen intervention: Schwing