Popular speculative manias never last long, their frenzied fear-of-missing-out chasing buying soon burning itself out. The subsequent big symmetrical selloffs are violent and unforgiving.
After the severity of this morning’s drop we are likely to see some sort of bounce which may be used to lighten positions as this correction probably has some way to run...
It’s a great time to take a step back and think about the things that are going on in the world, and where you think the prices of the metals will have to be in five or ten years from now.
Ira Epstein discusses a significant lawsuit filed against the U.S. Attorney and the IRS, highlighting the monetary stakes involved, ranging from $8,000 to $20,000.
When asked about the national debt, Powell conceded that it is on an “unsustainable” path. However, he insisted the current debt level is sustainable. Stubbornly high bond yields and $5,300 gold beg to differ.
It is insane how the gold market is moving in this parabolic fashion. It is running and God knows where it is going. Gold now 7-days over the Bollinger-band, we could go to 9, but unusual.
A historic breakout occurred last week, and it likely ushers in a multi-decade “bull era” for junior miners who are tasked with finding critical minerals, silver, and supreme money gold.
Ira Epstein discusses the significant movements in the metals market, highlighting a sharp rise in silver and gold prices, with gold approaching $5,200.
