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Re: Wrinkles post# 41943

Saturday, 03/26/2016 3:49:32 AM

Saturday, March 26, 2016 3:49:32 AM

Post# of 42458
I have several in fact and will post them all. I've been hanging out with a bunch of guys that have differing opinions on how to play what everyone agrees is an impending move. So let me run my mouth here and see if you can get anything out of this stuff. Personally I don't think the metal move is going to be very hard to play but like any move trying to catch the bottom is the ticket and what I hope to achieve. Now the smart players will just wait it out to ensure the bottom is in and catch the first pullback which is what could be happening right now for all I know. However if this is the case I believe it much more likely for gold than silver. You mentioned ABX and NUGT which I have both and I believe that of the two ABX will be the safer play but NUGT of course could provide for one hell of a payday. Bottom line is I love them both but my point is right now, today, at this point the power players are waiting for the other shoe to drop of for confirmation the true bottom is in. I mean this is no grand secret as we've been discussing it on the board for a very long time, my point is it's nothing new to those that follow the markets as close as we do. So when we do get confirmation of a bottom I don't think we'll be seeing a bunch of BSing and slow climbs. Man this stuff should be on fire and a literal money for those will to take the risk.

It's just too early or late in the move for me to tell how the 1st major move will develop. Not the first move off the bottom but the second move of the move after the first pullback is what we want to catch. It never fails and the traders that catch most of that move are be sitting in the catbird seat for the rest of the rise if they don't get greedy of course.

Now I'm going to say something that I've given a lot of thought to and have heard this from a lot of people a hell of a lot smarter than I am. The general consensus is that silver will outperform gold significantly over the next three years. In a perfect world I can see that happening but silver is a very complicated commodity and a plethora of shit could wrong and cause one of those waterfalls silver is known to produce. So my plan will be to carry more long term gold/gold miners and to add the dips. I hope only to trade it when we can forecast a large enough move to make it worthwhile. I understand that not everyone can do that so we'll continue to try and call intermediate highs and lows so everyone can take advantage of everyone contributions. I mean hell we're gonna be here anyway and we should be discussing the moves so we don't get caught holding when we should have been selling days ago. Silver/silver miners on the other hand I plan to trade the heck out of it and to accumulate as much as I can through skimming my trades. So no way I'm staying away from silver because there is a very real possibility silver kicks gold to the curb but from a risk management standpoint gold is well the "gold standard"

As far as individual tickers I'll be posting everything on my watch list as well as in my portfolio.

Discipline is the Rock of Success

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