I wish NAK was more heavily shorted
Compare to TSLA which is 25% short. With heavier shorting we could experience a Bitcoin-like explosion.
But its important to understand that, like Bitcoin, gold is EXTREMELY HEAVILY shorted by government interests for the same reason as Bitcoin--they don't want highly visible artifacts of money printing and hyper-ish inflation.
Anyone who's tried to buy a $105,000, dead common, Ford F450 pickup truck, or an $85,000 Chevy Camaro, understands the true inflationary picture of our current economy.
Bitcoin government shorts were recently broken. Government shorting pressure was so intense, Bitcoin was compressed by into a diamond. As Bitcoin's liberation illustrates, even immense governmental price pressure is no match for market pressure.
Gold is similar, but different. Governments short gold immensely, as the precious metals market is relative small and easily manipulated with the very money printing fiat currencies intend to self-prop. This is a little like attempting to lift your self up. And more recently, paper gold issue has come into favor, with major gold ETFs issuing paper gold at fractional reserve to help depress the gold price. The two shorting complexes, governments and institutional ETF help, could dwarf Bitcoin's ascendancy by an order of magnitude if gold makes a significant move higher. Such a move will quickly become un-containable.
That day of reckoning is near. I've been patiently counting the final W5 climb for decades.
I recently showed the EW scenario for NAK. The more interesting and significant EW cenario is that of the broader market. Currently the EW count is rolling over into Wave 4 of the final 5th Wave. That is, the 5th Wave of the final, super-cycle Wave 5 follows the minor W4 that is currently developing. This presents a virtually unlimited money making potential for those who understand it, because, conversely, it presents a virtually unlimited money losing potential for the status quo.
Gold (all PMs) will be the most visible beneficiary of the run on paper which is now building, and will manifest as the broader markets' Wave 1 or A of super-cycle Wave A, coming to a bank near you in the mid-to-late 2018 time frame.
It is important to understand that this represents a FUNDAMENTAL SHIFT from the 1932-2018 Big Bull Market to a 2018+ Big Bear Market. Time frames don't matter as much as wave manifestation in the EW space, but a nominal duration for the looming Bear is 3/5th's the Bull's duration, or...
(1932-2018) x 3/5ths = about 50 years
A key theme will be the decomposition of paper and electronic inflationary measures used to create the 5th Wave, which counts from 1974-2018. This will immensely benefit any tangible asset, such as, but certainly not limited to physical gold.
Bitcoin's ascendancy is the new Mega Bear tearing off one of the Big Bull's horns. It's a very interesting opening battle, because it demonstrates the distant super-cycle's new 3rd wave, in 50-some-odd years, is completely open to information age currency technology, but only with ironclad, non-governmental guaranties of soundness.
