Well for one, after the hostess workers had their pensions erased, I've never depended on my 401k. Only have $5 an hour put in, and take home pay doesn't show a difference between it or not doing it. Not the end of the world if I don't get it, and in fact I'm not depending on it. I have my normal stock account that has done much much better and it's a cash account so I can pull the money whenever I feel. If your in the mind frame that this is as high as metal are going, your correct, Im on the late end. I'm in the thinking that we're just starting to break out. 40 year cup and handle chart has silver at $250 an ounce, there's a reason central bankers and governments are buying gold. Factor in I'm young enough to survive a bear market where all the baby boomers retiring and coming up on retirement can't endure one. All kinds of rabbit holes I've gone down. Metals just starting a move, will retrace when the market dumps then it's off to the races in metal prices. The hiddens secrets of money episode 7 I think, has some good stuff on why we've peaked on labor force with the baby boomers and what's coming in the future as a result.
Here's a little snippet of another program I follow that just goes off of their evidence system for trades, no fomo.
When this chart falls, it means gold is outperforming SPX. It’s a quarterly chart, so it’ll be the end of June before we get confirmation (or not) of a breakdown. I think it’s important to see it fall below the 3-year ma and dotted support lines before getting too confident (the XAU/USD ratio would be around the magic 0.5 by then). A move below the Ichimoku Cloud would be the final nail in the coffin. All of this brings me to my next big point – a stock market ‘plunge’.
I hope you’ve come to realise that neither Pat, nor myself, would use phrases like ‘plunge’ unless there was a solid basis for it. In this case there is solid evidence to suggest a large drop is likely at least.
