123Tom's TA study group

[123tom]

....and now today Silver bounces back.
after the strong plunge down yesterday, silver bounces back today. How ridiculous it all is. we are all being jerked around like this.

silver will not be allowed to get out of control and neither will gold .

Whats a bargain in gold and silver? its a complete ,contrived mystery.
Waiting for the global reset which is supposed to eliminate the usdollar as reserve currency or , create a domestic dollar , as Jim Willie talks about, and whatever other things analysts say about the global economic reset...they ALL are expecting to see astronomical price increase in gold and silver, like $5,000-10,000 an oz. gold and 100 dollar silver. but who can really say what the GOVERNMENT will decide upon. Who knows what the government will do to its citizens in anything . They could try and confiscate the metals, or a windfall tax of 80 % , or something that allows them to take your gains away,and give you the remaining crumbs.

Cork, are you listening? IF gold gets revalued at 10K per ounce, but the government enacts a windfall tax of 80%... you will be allowed to go sell a coin at the local shop and you will receive $2,000 and the Government will receive 8 thousand . and that might be the best we can get.

When the market gets Crashed, the government will confiscate/sieze, the cash portion of our portfolio and change it into UStreasury money notes, inaccessible until further notice, and then when you get it unfrozen, it might be found reduced by half.

Despite these daily gyrations that look scarey and exciting alternately, but it seems all theatre and manipulated price action....I will stick to my outlook for a continued downwave sliding thru the fall and winter to take metals and miners to the lows of the year. gold will be closer to 1200 than 1300 and silver will be below 17, closer to 16 and maybe settle into the 15.50 area...and miners big and small will be at yearly lows by December, like the last 3 years have been. they will also be fair bargains to buy if this happens. Profit taking was the right decision in the February peaks, or wherever else the miners and metals peaked so far. Since gold peaked at 1377, how bout a bet we will see gold bottom end of year at 1177. I like silver at 15.77
miners...I like SVM at 2 dollars and PVG at 7 dollars. bottoming. Hecla at 3.77 Cork? Hecla at 3.77

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